1) The wind beneath desi wings
IndiGo Airlines has hired Pieter Elbers as the new CEO. He has been serving as president and CEO of KLM Royal Dutch Airlines since 2014. Tata Sons, the new owners of Air India, had roped in former chairman of Turkish Airline Ilker Ayci to helm the 90-year-old airline. Ayci eventually decided to not join Air India. Now the Maharaja's new shepherd is Campbell Wilson who was earlier with Singapore Airlines. GoFirst, earlier GoAir, has Ben Baldanza. These recent appointments to the helm of the country’s airlines raise a significant question: Is there a shortage of Indian CEOs in the aviation sector, capable of driving growth? For more
2) Bracing for the storm
Earlier this week, the governor of the Reserve Bank of India, Shaktikanta Das, chose to quote Mahatma Gandhi for his concluding remarks as the Monetary Policy Committee decided to hike the repo rate by 50 basis points to 4.9 percent. He said : If we want to overtake the storm which is about to burst upon us, we must take bolder risks and sail full steam ahead. The tone of the monetary policy marks a clear departure from the central bank’s earlier pro-growth statements of doing whatever it takes to support durable recovery in the economy. Is the ‘storm’ a metaphor for stagflation? Or an economic recession? For more
3) The PhysicsWallah unicorn