Business Today readers feedback to magazine's coverage
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Rental Cab Market Growing at Fast Pace
This refers to your cover story on cab aggregators (Taxi Wars, August 30). The author has well analysed how companies such as Ola, TaxiForSure, Uber and Meru are in demand for their cab services in India where the transport infrastructure is still in a bad shape. It indicates that Indian rental cab market is evolving at a fast pace. These tech-savvy companies' on-demand services and low fares have fuelled the boom in the taxi market. As intense competition among these companies has brought fares down, it is surely beneficial for consumers. But how long can such prices be sustained, only time will tell.- Abhinav P., New Delhi
Invest in Stocks with Care
This refers to your article on the recent trend in the stock market (Tread with Caution, August 30). The Indian market has been very volatile for the past few months, and this trend is expected to continue for another few months. The slowdown in the Chinese economy and its recent decision to devalue the yuan against the dollar has had far-reaching global implications. It has also had an adverse effect on India with the rupee weakening against the dollar. Movement in the Indian stock market will probably be dictated by foreign fund flows and global developments. Clearly, equity investors should trade in the market very carefully.- Ankur Chopra, Pune
Yoga a Must for a Cheerful Mind
This refers to your feature on Hippocampus learning centres (Moulding Young Minds, August 16). The children must be empowered through education to improve the society. Nowadays, hardly any person understands the basic purpose of education, which is to think logically and take the right decisions in life. It is painful to say that at present the sole purpose of education for the young minds is how to earn quick money in large amount. But for a healthy body and mind, yoga and meditation training is a must in school syllabus.- Mahesh Kapasi, New Delhi
Improving the Economy's Health
This is with reference to an article on asset reconstruction companies (Money from Junk, August 2). It was very interesting to read. The necessity of a ARC and its leverage have been well monitored and presented. In an environment where the banking companies are carrying such a huge weight on the negative balance sheet, the displacement option works fine for both the bank as well as the ARC. The participation of ARC in the banks' lending panel and sharing their expertise can improve the health of the economy.- Muthuraman. K.M., Chennai