Lighting new cigarettes, pouring more drinks. It has been a beautiful fight. Still is. - Bukowski

Mast dhoop nikali hai aaj…

“No one knows what it’s like To be the bad man To be the sad man Behind blue eyes No one knows what it’s like To feel these feelings Like I do And I blame you” Had almost forgotten this song, then got reminded of it this morning… doob gaya weekend! 😬

While everyone’s talking about 1929… I’m still here! 😬

S&P 500, Nasdaq hit new record high on softer US inflation data and earnings beat by Intel. Lessgo!

The mirrored twin towers of Deutsche Bank in Frankfurt have always been my favourite. But this new JPM NYC HQ is giving it some strong competition.

SEBI’s rationale: If Mutual Funds are allowed to participate in pre-IPO placements, they may end up holding unlisted equity shares if the listing cannot be concluded for any reason, which would make them non-compliant.

“Everything is weird. Historical correlations between bonds, equities and gold are thrown out the window.” - Goldman Sachs macro trader Deja-vu… all over again! 😬😬😬

*Switched to a Hindi Business News Channel* “Kya Trump ab naram pad gaye hai?” 😭😭😭

Anda bhurji + Roti + Chai Ab hoga kaam… Friday night ko!

Ek phoonk se miyaan Sab udd gaya dhuaan…

US CPI rises less than expected, keeps the Fed on track to cut rates. - Headline CPI (+0.3% MoM, +3.0% YoY) - Core CPI (+0.2% MoM; +3.0% YoY) Analysts continue to look for a 25bp cut by the Fed next week with a further 25bp move in Dec’25 and 50bp of cuts in early 2026. Lessgo!

JPM plans to reduce its ratio of junior i-bankers to managers from 6:1 to 4:1. 😬😬😬

I was told that I need to run my analysis past Copilot once, before sending the email to the leadership team. WTFF! 🙄

Blackstone dropping truth-bombs!

Nahi bann paa rahi hai slides… 😭😭😭

Moochein ho, toh Pandey sahab jaise… warna naa ho! R.I.P. 🫡🫡🫡

These recent high-value deals in Indian banks/NBFCs have been at reasonable valuations. - Emirates NBD-RBL: ~1x P/B - IHC-Sammaan Capital: ~0.6x P/B - Blackstone-Federal Bank: ~1.6x P/B These multiples are great for new investors, but (highly) dilutive for existing investors,

https://t.co/29PvtjRUHe

~INR 70,000 Cr. (~$8 billion) worth of investments by foreign institutions in India’s banks/NBFCs in recent months!! - Federal Bank: INR 6,200 Cr. (Blackstone affiliate; ~10% stake) - RBL Bank: ~INR 27,000 Cr. (Emirates-NBD; 60% stake - new promoter) - Yes Bank: ~INR 16,300