{"id":17950,"date":"2022-10-28T20:19:57","date_gmt":"2022-10-28T14:49:57","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=17950"},"modified":"2022-10-29T10:21:30","modified_gmt":"2022-10-29T04:51:30","slug":"the-weekly-wrap-the-power-games","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/","title":{"rendered":"The Weekly Wrap | The Power Games"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69db2420d8c20\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69db2420d8c20\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#i\" title=\"\u00a0\">\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#Tata-Airbus_team_up\" title=\"Tata-Airbus team up\">Tata-Airbus team up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#Das_Co_meet_again\" title=\"Das &amp; Co meet again\">Das &amp; Co meet again<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#CCIs_Googlies\" title=\"CCI\u2019s Googlies\">CCI\u2019s Googlies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#Everybody_wants_to_lend\" title=\"Everybody wants to lend\">Everybody wants to lend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#EPFOs_Vision_Plan\" title=\"EPFO\u2019s Vision Plan\">EPFO\u2019s Vision Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#Market_wrap\" title=\"Market wrap\">Market wrap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#Other_headlines\" title=\"Other headlines:\">Other headlines:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/#The_week_ahead\" title=\"The week ahead\">The week ahead<\/a><\/li><\/ul><\/nav><\/div>\n<p><em>In this edition, <\/em><i><span style=\"font-weight: 400;\">we talk about the rise of Rishi Sunak and the fall of Parag Agrawal, the multi-billion-dollar Tata-Airbus deal, the RBI\u2019s upcoming MPC meeting, and the goings on at the CCI, EPFO and Reliance Industries.\u00a0<\/span><\/i><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><i><\/i>Welcome to Kuvera\u2019s weekly digest on the most critical developments related to business, finance and markets.<\/p>\r\n<p>&nbsp;<\/p>\r\n<p><strong>tl;dr<\/strong>\u00a0Hear the article in brief instead?<\/p>\r\n<p>&nbsp;<\/p>\r\n<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-17950-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/Kuvera-audio-NL-Oct-28-1-1-1.mp3?_=1\" \/><a href=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/Kuvera-audio-NL-Oct-28-1-1-1.mp3\">https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/Kuvera-audio-NL-Oct-28-1-1-1.mp3<\/a><\/audio>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p><img loading=\"lazy\" class=\"alignnone wp-image-17951\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/rishi.webp\" alt=\"\" width=\"400\" height=\"400\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">\u201cPower will go to the hands of rascals, rogues, freebooters; all Indian leaders will be of low calibre and men of straw,\u201d former British Prime Minister and Conservative Party leader Winston Churchill is believed to have once said. \u201cThey will have sweet tongues and silly hearts. They will fight amongst themselves for power and India will be lost in political squabbles. A day would come when even air and water would be taxed in India.\u201d<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Whether or not Churchill actually said these words, his utter disdain for Indians was well known. Scarcely would he have imagined that less than six decades after his passing, not only would an Indian-origin politician\u2014Rishi Sunak\u2014be leading the Conservative Party, but would also occupy No. 10 Downing Street as the UK\u2019s prime minister.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Not only is Sunak one of the youngest British prime ministers, the 42-year-old is also one of the wealthiest to have occupied the iconic Westminster City home. As the son-in-law of Infosys founder NR Narayana Murthy, Sunak shares a $823 million personal fortune with wife Akshata, who is one of the promoter shareholders of India\u2019s second-biggest IT services exporter.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">That makes Sunak richer than King Charles and, frankly, tells you everything you may want to know about the changing power dynamics of global politics where old money must make way for first-generation wealth.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Just as Sunak entered one of the world\u2019s most famous doorways, another Indian and fellow Stanford alum Parag Agrawal was shown the door, and rather unceremoniously at that, as billionaire Elon Musk finally completed his takeover of microblogging site Twitter and fired its top executives.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Agrawal, the IIT-trained chief executive officer at Twitter, was ousted along with another Indian-origin executive, legal head Vijaya Gadde, general counsel Sean Edgett and chief financial officer Ned Segal.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">As part of the $44 billion takeover, Twitter shareholders will be paid $54.20 per share and the social media site will go private and delist from the New York Stock Exchange.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">But the real billion-dollar question dominating social media discourse is, will former US president Donald Trump be allowed back on Twitter?\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">We\u2019ll ask Musk, and let you know. Pinky promise!\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"i\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<h4><span class=\"ez-toc-section\" id=\"Tata-Airbus_team_up\"><\/span><b>Tata-Airbus team up<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<p><img loading=\"lazy\" class=\"alignnone wp-image-17952\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/200w-9.webp\" alt=\"\" width=\"400\" height=\"400\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">But don\u2019t count old money out just yet, for it still does help you win multi-billion-dollar contracts.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">A joint venture between Indian conglomerate Tata Group and European aviation major Airbus has won a $22 billion contract to manufacture and supply 56 C-295 transport aircraft to the Indian Air Force. This is for the first time the defense ministry has entrusted a private company\u2014Tata Advanced Systems Ltd\u2014to make an entire military aircraft.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">But its size is not the only reason why this deal is significant. The new project is expected to create as many as 15,000 skilled jobs and provide indirect employment to another 10,000 people. Moreover, the new facility will come up at Vadodara, in Prime Minister Narendra Modi\u2019s home state of Gujarat, just months before it goes to polls.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">This is, in fact, the second big project to come to Gujarat in as many months, after billionaire Anil Agarwal-led Vedanta Group inked a joint venture with Taiwan\u2019s Foxconn to set up a Rs 1.5 lakh crore semiconductor facility.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">This is an important step toward setting up an indigenous military-industrial complex in India on the lines of the US and Europe.<\/span> <span style=\"font-weight: 400;\">But most importantly perhaps, the Tata-Airbus deal is a blow to the government-owned Hindustan Aeronautics Ltd (HAL), which has had a monopoly when it comes to making military aircraft in the country. While HAL has an order book that should keep its workers busy for years to come, if the private sector does make significant inroads into defense manufacturing, it may find it hard to compete.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"Das_Co_meet_again\"><\/span><strong><b>Das &amp; Co meet again<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<p><img loading=\"lazy\" class=\"alignnone wp-image-17953\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/problem.webp\" alt=\"\" width=\"400\" height=\"400\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The Reserve Bank of India (RBI) is in firefighting mode. On November 3, the central bank will hold an additional meeting of its six-member Monetary Policy Committee (MPC), presumably <\/span><span style=\"font-weight: 400;\">to prepare a report on its failure to keep retail inflation below its target of 6% for three consecutive quarters.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The meeting comes after retail inflation accelerated to 7.4% in September from 7% in August.<\/span> <span style=\"font-weight: 400;\">Typically, the MPC meets once in two months and takes a call on raising or lowering interest rates, or, well, doing nothing about them.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The RBI\u2019s flash meeting comes as inflation has remained above its upper tolerance limit of 6% for nine months despite the MPC raising interest rates by 190 basis points since May this year.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Will governor Shaktikanta Das and his team go in for another rate hike? We cannot be entirely sure, but don\u2019t rule that possibility out. But more than a rate hike itself, the central bank\u2019s commentary will be keenly watched as it could signal the trajectory Das &amp; Co will take in the coming quarters.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"CCIs_Googlies\"><\/span><b>CCI\u2019s Googlies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<p><img loading=\"lazy\" class=\"alignnone wp-image-17954\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/giphy-2.webp\" alt=\"\" width=\"400\" height=\"380\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">While the RBI tries to get a grip on inflation, India\u2019s anti-trust regulator, the Competition Commission of India (CCI), has been making news for entirely different reasons.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The CCI imposed a Rs 936.44 crore fine on Google\u2014the second in a week\u2014for \u201cabusing its dominant position\u201d with respect to its Play Store policies.\u00a0This follows a Rs 1,337 crore fine it imposed on Google on October 20<\/span><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The CCI said that in asking app developers to exclusively use the Google Pay Billing System, the US tech giant was abusing its dominant position. In its earlier order, the CCI had held Google guilty of abusing its dominant position in multiple markets in the Android mobile device ecosystem.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Google will certainly appeal against both these orders and we can expect another major legal battle in the offing.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The regulator though has been facing problems of its own, with its proposed merger with the National Anti-profiteering Authority (NAA) facing hurdles. A newspaper report said that a month before the NAA\u2019s term is to expire, the CCI is facing administrative challenges which include lack of infrastructure and funding and differences in how the investigating arms of the two bodies are designed.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"Everybody_wants_to_lend\"><\/span><strong><b>Everybody wants to lend<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<p><img loading=\"lazy\" class=\"alignnone wp-image-17955\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/10\/200-7.webp\" alt=\"\" width=\"400\" height=\"333\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">India\u2019s second-richest man and Reliance Industries chief Mukesh Ambani now wants to open another front to challenge his fellow Gujarati billionaire Gautam Adani.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Ambani\u2019s RIL plans to list its financial services arm Jio Financial Services Ltd in a move that will kickstart his conglomerate\u2019s planned listing of all its major verticals.\u00a0Ambani is perhaps trying to pre-empt a similar move by Adani, who is looking to list his non-banking finance company Adani Capital by 2024.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Another billionaire, Sajjan Jindal, is following suit. Jindal\u2019s JSW Group is foraying into lending with Rs 400 crore investment in a captive NBFC. With new-age fintechs like Flipkart co-founder Sachin Bansal\u2019s Navi and Vijay Shekhar Sharma\u2019s Alibaba-backed Paytm looking to also get a pie of the lending market, it certainly looks like another battle royale is going to play out in the Indian consumer credit market very soon.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Will these new entrants manage to upstage behemoths like HDFC and Bajaj Finserv?\u00a0We\u2019ll wait and see.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"EPFOs_Vision_Plan\"><\/span><b>EPFO\u2019s Vision Plan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The Employee Provident Fund Organisation (EPFO) will meet next week to draw up a plan for the next 25 years.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">The state-managed pension fund will deliberate on rolling out new social security products like healthcare, maternity and disability-focussed solutions and age-differentiated savings plans and on expanding its coverage.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">According to news reports, the EPFO is looking to slim down its organisation and draw all workers into its safety net. It is also considering setting up its consultancy services in Latin America and Africa, and plans to appoint global experts to head its various verticals.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Looks like the boring old EPFO could soon get a facelift. We\u2019re certainly excited, are you?<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"Market_wrap\"><\/span><strong><b>Market wrap<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">This was the Diwali week and the benchmark Sensex and Nifty started Samvat 2079 on Monday with gains of about 0.9% each. The markets remained upbeat in the holiday-truncated week, closing firmly in the green on Friday.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Among the week\u2019s top gainers were Axis Bank, JSW Steel, Power Grid Corp, NTPC and ONGC. Other gainers included GAIL India, Maruti Suzuki, Bharat Petroleum, Bharti Airtel and Dr. Reddy\u2019s Laboratories.\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-weight: 400;\">Among the counters that lost the most value this week were Asian Paints, IndusInd Bank, Bajaj Finance, Bajaj Finserv and Zee Entertainment. Some other stocks that left their investors poorer included Hindustan Unilever and Yes Bank.<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<h4><span class=\"ez-toc-section\" id=\"Other_headlines\"><\/span><strong>Other headlines:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">US GDP rises 0.6% in Q3, after contracting in Q1 and Q2<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ECB raises interest rates by 75 basis points to fight inflation<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apple Q4 revenue misses forecast in key categories such as iPhone and services<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\">\r\n<p><span style=\"font-weight: 400;\">Facebook parent Meta&#8217;s revenue, profit fall; shares slump<\/span><\/p>\r\n<\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\">\r\n<p>Amazon shares sink 20% after weak guidance for October-December<\/p>\r\n<\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\">\r\n<p><span style=\"font-weight: 400;\">ICICI Bank Q2 standalone profit jumps 37% year on year to Rs 7,558 crore<\/span><\/p>\r\n<\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\">\r\n<p><span style=\"font-weight: 400;\">SBI Card Q2 profit soars 52% to Rs 526 crore on low provisions<\/span><\/p>\r\n<\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\">\r\n<p><span style=\"font-weight: 400;\">Dabur to buy 51% stake in Badshah Masala for Rs 587.5 crore<\/span><\/p>\r\n<\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\">\r\n<p><span style=\"font-weight: 400;\">Finance ministry extends ITR filing deadline for companies till 7th November\u00a0<\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h4><span class=\"ez-toc-section\" id=\"The_week_ahead\"><\/span><strong>The week ahead<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\r\n<p>&nbsp;<\/p>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bharti Airtel, Larsen &amp; Toubro, Adani Enterprises, Adani Ports, Adani Transmission, Kotak Mahindra Bank, Nykaa, HDFC and Hero MotoCorp are among the companies that will announce quarterly earnings.<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All eyes will be on the off-cycle meeting of RBI\u2019s monetary policy meeting<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\r\n<\/ul>\r\n<p>&nbsp;<\/p>\r\n<p>Until next week, happy investing and a very happy Diwali!<\/p>\r\n<p>&#8212;&#8212;&#8212;&#8211;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p><strong>Interested in how we think about the markets?<\/strong><\/p>\r\n<p>Read more: <a href=\"https:\/\/kuvera.in\/blog\/in-investing-the-simplest-things-are-the-hardest\/\">Zen And The Art Of Investing<\/a><\/p>\r\n<p>&nbsp;<\/p>\r\n<p>Check out our &#8220;Investor Education Originals&#8221; on Youtube and get smart about investing.<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/f7yfzUhQDiM\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\r\n<p>&nbsp;<\/p>\r\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.youtube.com\/watch?v=R7g03UwJAT8&amp;utm_source=Blog&amp;utm_medium=Weekly+wrap+22nd+July\" target=\"_blank\" rel=\"noopener\">kuvera.in<\/a> to discover Direct Plans and Fixed Deposits and start investing today.<\/p>\r\n<p>#MutualFundSahiHai #KuveraSabseSahiHai!<\/p>\r\n<p><\/p>\r\n<p>&nbsp;<\/p>\r\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>In this edition, we talk about the rise of Rishi Sunak and the fall of Parag Agrawal, the multi-billion-dollar Tata-Airbus deal, the RBI\u2019s upcoming MPC meeting, and the goings on at the CCI, EPFO and Reliance Industries.\u00a0 &nbsp; Welcome to Kuvera\u2019s weekly digest on the most critical developments related to business, finance and markets. &nbsp; [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":12756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[1793,67,300,1267,1808],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>It\u2019s All So Fogged Up | Weekly Wrap<\/title>\n<meta name=\"description\" content=\"Business &amp; finance updates in a nutshell. Read about Liz Truss&#039;s resignation, tech industry gearing up for a possible recession, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s All So Fogged Up | Weekly Wrap\" \/>\n<meta property=\"og:description\" content=\"Business &amp; finance updates in a nutshell. Read about Liz Truss&#039;s resignation, tech industry gearing up for a possible recession, and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kuvera.in\/blog\/the-weekly-wrap-the-power-games\/\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-28T14:49:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-29T04:51:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/06\/Yellow-And-Green-Bold-Money-Blog-Banner-520x245-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"520\" \/>\n\t<meta property=\"og:image:height\" content=\"245\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gaurav Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gaurav Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"It\u2019s All So Fogged Up | Weekly Wrap","description":"Business & finance updates in a nutshell. 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