Furquan Moharkan

Rajiv Anand has stepped down as DMD of Axis Bank. It may sound normal. Except for it is not. Why? Read in today’s @MorningContext. themorningcontext.com/business/the-c…

HDFC Bank is in a soup. Its private banking vertical has aggressively missold AT1 bonds of Credit Suisse. Now it is facing the heat. And the consequences are expected to be way larger. Today in @MorningContext themorningcontext.com/business/hdfc-…

Jana Small Finance Bank is hoping to rewrite its story. It's applied for a universal banking licence, one that could put it in the league of big lenders. However, the transition may not be easy. @imFmoharkan writes: themorningcontext.com/business/can-a…

HDFC Bank is accused of misselling risky Credit Suisse bonds to NRI depositors. Now it faces a $100 million hit, suspended execs and regulatory heat in India and the UAE. @imFmoharkan writes: themorningcontext.com/business/hdfc-…

HDFC Bank could be facing a hit of up to Rs 1,000 crore because of the alleged AT1 bond misselling. @imFmoharkan writes @MorningContext themorningcontext.com/business/hdfc-…

Disclaimer: it would be none of the people these guys would be thinking. That is the master stroke of Modi-Shah.

Haven’t seen any institution as shameless as Delhi Traffic Police. Very active on challans. Horrible on managing traffic.

we were founded because two people couldn’t agree on what the fastest bird was whilst they were out hunting

"However, the transition to a universal bank may hurt SFB's profitability which is enviable, to say the least," @imFmoharkan writes. themorningcontext.com/business/can-a…

Jana Small Finance Bank has sound financials. It makes for a good stock to invest in. But then it's down nearly 30% yoy. Can a universal bank license revive it? @imFmoharkan writes @MorningContext themorningcontext.com/business/can-a…

🔓We have made this story FREE to read for a limited time. Everyone’s talking about how big Jane Street’s gains were. The real story? How easily they made them. themorningcontext.com/yesterday/jane…

There's more that will come out of the #JaneStreet saga soon. Meanwhile, what were NSE and SEBI doing for 15 months, particularly in the last 3, with Jane Street's continued manipulation and defiance? @imFmoharkan and I write in @MorningContext: themorningcontext.com/business/after…

Headline-grabbing as it is, SEBI's 3 July order on Jane Street may just be the tip of the proverbial iceberg. There are 3 important fronts SEBI may look into. Details in today's story @MorningContext @imFmoharkan @ujval_nanavati themorningcontext.com/business/after…

After Jane Street, SEBI to examine Millennium, Citadel trades. Millennium’s India operations reported net profits of Rs 22.2 crore on a revenue of Rs 197.6 crore in 2023-24, while Citadel reported a profit of Rs 478.1 crore on revenue of Rs 815.3 crore. themorningcontext.com/business/after…

The headlines talk about the size of Jane Street's gains. But the real story is how easily and effectively those profits were engineered using basic, brute-force tactics. @ujval_nanavati writes: themorningcontext.com/business/jane-…

Story by @imFmoharkan, @ujval_nanavati. themorningcontext.com/business/after…

Jane Street's alleged manipulation should not overshadow the fact that there is a lot more to the affair. Besides the US trading firm, NSE also needs to answer questions. Retail traders can now finally see how they were alle... @ujval_nanavati @imFmoharkan themorningcontext.com/business/after…

Dear @narendramodi ji Your Vehicle no DL2CAX2964 has 3 challans pending , kindly pay the challan on time and avoid any such violation next time Cc: @PMOIndia @HMOIndia @dtptraffic

Everyone’s chasing SME stocks. But SEBI thinks a ₹2 lakh crore scam is already in motion. One that could shake up the markets and hit India’s banks hard. Here’s what the regulator is uncovering 🧵

This isn't just about stock fraud. It's now bleeding into India’s banks. 🔗We have the full story on this by @imFmoharkan here. themorningcontext.com/business/india…

SME stocks may be sitting on a Rs 2 lakh crore time bomb. SEBI investigates widespread pump and dump practice. @imFmoharkan @MorningContext themorningcontext.com/business/india…