FSSAI proposes to ban the sale of analogue paneer made from constituents not derived from milk. The proposal seeks to safeguard consumer interests and ban the practice of marketing analogue products as paneer.

In July 1999, at the peak of the internet boom, Warren Buffett stood before media and tech titans at Sun Valley and said what few wanted to hear. Stocks were soaring. Almost everyone felt brilliant. The phrase of the moment was that this time was different. His point was plain and hard to swallow. The stock market is not a lottery. It is not a popularity contest that lasts forever. In the short run the market is a voting machine. People vote with money based on excitement, stories, and what their neighbors are buying. In the long run it is a weighing machine. What gets weighed is the cash businesses actually produce. Investing, he said, is simple. You give up money today hoping to get more money back later, after inflation. Only two questions matter: how much you will get back, and when. Interest rates are the price of when. They work like gravity. When rates fall, almost every asset looks more valuable. When they rise, the opposite happens. Corporate profits as a share of the whole economy also have limits. They cannot keep rising as a percentage of GDP forever. He used history. From 1964 to 1981 the American economy grew strongly, yet the stock market barely moved because starting prices were already high and interest rates climbed. From 1981 to 1998 the reverse occurred. Falling rates and rising valuations produced a huge bull market. The economy itself was not twice as magical in the second period. The price people paid for future earnings had changed. The internet would change the world. That did not mean most internet companies, or the people buying their stocks at any price, would get rich. There is no new era that repeals arithmetic. High starting prices plus ordinary economic growth plus ordinary profit margins produce ordinary future returns for the market as a whole. Do not confuse a wonderful industry with wonderful investment results. Do not assume that because something is growing fast, the price you pay today does not matter. And do not expect the next seventeen years to look like the last seventeen just because the story feels new. Weight eventually counts. Votes only count for a while. This lesson always hold good: Excitement is not a valuation method. Stories are not cash flow. And the weighing machine does not care how popular the vote was.

Adaptive Momentum has anchored Capitalmind Wealth’s quantitative DNA since 2019. However, it had a hard run after its mid 2024 peak, and that sent us back to first principles. We could point to exactly where our definition of momentum held poorly in a sideways market, and we rebuilt our strategy one decision at a time. The fully revamped strategy has been live since May 2026. It's still momentum, and it will still feel like momentum. But it’s a meaningfully different animal to what it was 18 months ago. Here's the full write-up on what changed, and why: capitalmind.in/insights/adap… Capitalmind Financial Services Private Limited, SEBI Registered Portfolio Manager: INP000005847

Nature has always known how to move through change without losing itself. This film, shot entirely on our campus, is a tribute to that resilience. #ShotAtZoho

இன்றைய உலகில் கமாடிட்டி பெரும் பங்கு வகிக்கிறது... திரு. @nagappanv ஐயா. அவர்களுடைய விளக்கம் அருமை.. கமாடிட்டி பற்றிய பின்னணி மற்றும் வரலாற்றோடு தொடர்புபடுத்தி விளக்கம்.. இன்றைய தலைமுறை அறிய வேண்டிய ஒன்று.. இது ஒரு அறிவு பொக்கிஷம்.. நன்றிகள் பல.. #கமாடிட்டி

Thank you for 25 years of trusted leadership and unwavering faith in value investing. Thank you for building a stronger tomorrow with us. Congratulations Rajeev! #WorkAnniversary #25Years #PPFASMutualFund

Why does an IT company campus have to look like an IT campus? 🙂 "Curved streets create an inherent sense of mystery, because their vistas reveal themselves only gradually, as one's movement changes one's perspective.” — Camillo Sitte Instead of building another boring corporate block, it's an campus with lot of curved streets, trees, shops and places to meet. A peek into the open-air theatre (OAT), the terrace garden and the curved streets...

There is nothing unusual about prolonged bear markets. But the government has made this worse by refusing to address the concerns of FIIs and our own retail investors, and by saying in Parliament that we are not dependent on FII money and that FIIs have no option but to invest in India. Hubris often leads to a downfall.

What's your thoughts sir..

குடும்பத்தின் நிதி விஷயங்கள் ஒருவருக்கு மட்டும் தெரிந்திருக்க வேண்டுமா? குடும்பத்தின் நிதி முடிவுகளில் பெண்களும் தெளிவாகவும் நம்பிக்கையுடனும் இருக்க வேண்டும். பணம், முதலீடு, எதிர்காலத் திட்டமிடல் என நிதி சார்ந்த விஷயங்களைப் புரிந்துகொள்ளும் ஒரு நாள்… குடும்பத்தின் எதிர்காலத்திற்கான ஒரு முக்கியமான தொடக்கமாக இருக்கலாம். இந்த சனிக்கிழமை Kodeeswari Conclave 2026-ல், நிதி மற்றும் முதலீடு தொடர்பான அனுபவமிக்க வல்லுநர்கள் நேரடியாகப் பேசவிருக்கிறார்கள். அவர்களிடம் இருந்து கற்றுக்கொள்ளவும், உங்கள் கேள்விகளுக்கு தெளிவு பெறவும் இது ஒரு வாய்ப்பு. ✨ பெண்களுக்காக 💡 நிதி தெளிவுக்காக 📈 சிறந்த எதிர்காலத்திற்காக 📅 செப்டம்பர் 26, 2026 📍 Madras Management Association, Chennai உங்களுக்காக மட்டும் அல்ல… உங்கள் குடும்பத்தின் எதிர்காலத்திற்காகவும். இன்றே பதிவு செய்யுங்கள்! @shyamsek Registration Link: conclave.kodeeswari.com/ #KodeeswariConclave2026 #KodeeswariConclave #WomenInvestors #FinancialConfidence #நிதிதிட்டமிடல் #பெண்கள்முதலீடு #womenempowerment #kodeeswari

Dude it won't make insurance cheaper rather it will decrease the incentive to sell insurance itself; Insurance penetration in India is already lower and Financial institutions may shift to other products.

Markets Sense a Long Era of Instability: Don’t Buy the Fall (a) Govt is distracted (b) FIIs dislike mass protests (c) 2021-26: Nifty below-FD Return (d) FD rates will rise; Build Cash (d) China 17 yrs 0 return (e) Here’s India Data & Facts: Second Order Effects on Economy a. Govt is facing real political storms. It has no bandwidth left for major economic policy or reforms to attract foreign investment. b. Foreign funds don’t invest where mass protests and public discontent are a daily affair. Their bet on India was a strong govt; strong economic agenda. c. Inflation rising, unemployment rising; IT exports declining; Rupee under pressure. RBI is forced to fight inflation. FD rates will rise in Oct. Zero Risk Premium in Equity a. 5-Year Returns: Sept 2021 to Sept 2026 (5 Yrs): Nifty 50 Return: 32.3%; Post Office Deposit Return: 34.4%; SBI 5-Yr FD Return: 30.8% b. 3-Year Returns: Nifty 50 Return: 15.58%; Sensex Return: 9.94%; Post Office Deposit Return: 21.56%; SBI FD Risk-Free Return: 21.34% c. Last 3 Years: Out of a universe of 2,867 stocks, 43.3% delivered negative returns (one-third lost up to 50% value; 11% lost above 50% value). d. Risk-Reward Ratio: In last 3 years, you had a 43.3% probability of destroying your capital. Against such high risk, even if you won, the returns were far too negligible to justify such volatile investment. Don’t Bet on Growth Narrative a. Yesterday, Kotak published a chart showing that China stock market (CSI 300) has remained sideways for the last 17 yrs; and has not yet regained the level it set 18 yrs ago. b. Howard Marks published data in his recent memo: In the last 100 yrs, each time you bought S&P 500 at forward PE 23x, the annualized return in the next 10 yrs has been between +2% and -2%. Every single time. No exceptions. c. India is no exception. India’s growth story of FDI, FII, IT boom, low inflation is long over. Over the next 5 yrs, the downside risk looks higher than the upside potential. If you go all-in, that’s a risky bet for your mental peace, with little potential upside. Why Are FIIs So Pessimistic? a. On Aug 28, Bernstein published a hard-hitting strategy note: "India’s corporate earnings are artificially engineered through state subsidies, fiscal cushions, and borrowed offshore dollars rather than through genuine productivity gains." b. Market bulls touted NSE 200 top-line growth was 12%. Yet, net profit grew only 7%. Bernstein questioned the practice of excluding loss-making oil marketing companies (OMCs) "to manufacture a strong earnings growth story." c. Govt expanded LPG/fertilizer subsidies, took $10B hit through excise duty reductions, $20B GST cuts, OMCs took $2B loss. So govt subsidized consumer spending power, which artificially padded the firms’ operating margins. That's not a long-term play. d. $70B Pay Commission wage revision is coming, which will encumber sovereign balance sheet and cut govt’s capacity for public capex. Plus, with costly FCNR deposits, govt is purchasing rupee stability on credit, Bernstein warned. e. Finally, Bernstein says India’s large caps are not investing in the future, and are consolidating their past (preserving balance sheets). Companies with deepest pockets don’t want to commit capital to emerging technologies, and want policy protection. f. In this scenario, FIIs are forced to look at small and midcaps (SMIDs). But those companies remain sub-scale, with low free-floats, high volatility, and risky corporate governance. Institutional capital is not interested. Bernstein concludes: With these problems, why should FIIs invest in India? ENDPIECE: Investor Strategy a. PE de-rating is going on globally. World-class US companies are available at throwaway prices, and there are no buyers. So, don’t get tempted by a falling market in India. b. Build cash patiently. Unwind risky positions. Cash has 3 benefits: (1) Emergency funds give security & happiness (2) FD may beat equity for next few years (3) If global equity crashes, you will be the only buyer in town. c. Think in Probabilities: Considering all macro factors: (1) India Equity Boom: 20% chance (2) Sideways: 60% chance (3) Bust: 20% chance FD wins: 60% + 20% = 80% chance Equity wins: 20% chance Markets are the greatest game on earth. The dream to get rich is as old as the hills. Most investors will still pick equity. @arabicatrader

No degree— No advice.

Great metrics on the new platform - Every idea, when it was shared.

I'm down 5% portfolio level today driven by PB FinTech Concentration has some evils; it is painful to see my 2nd largest position drop 30% (so far) today with (what I believe) will be another 4% fall later today. Effectively, 3 yrs of averaging in at a great price got wiped clean. I've also read through the 2-part IRDAI note. I'm sure they'll hear a good bit from industry participants. Felt more like retaliation rather than regulation (latter being the typical stance) Some leaders are yet to realize that Distribution is not cheap. Intermediation isn't disappearing overnight because of a Govt website or AI ONDC was a great lesson in this regard. FWIW, I'll average down across today, tomorrow & Monday. I believe calmer & more sensible heads will ultimately prevail 😇

The gold map is being redrawn. Reserves leaving US vaults for London. Record flows into Hong Kong. Central banks buying two years of gold every year. When nations move metal for control, individuals should ask who controls theirs. Trade Tokenized Gold $XAUa on the $XRP Ledger. Trensik.com/trade/xaua