Once in a Blue Moon Academia (OBMA)

  Fictitious Capital, Felt Consequences: A Market Check-In for the Piramal Empire Posted on 5th December, 2025 (GMT 02:58 hrs) ABSTRACT This letter-cum-article presents a public-interest reflection on recent market developments surrounding Piramal Group companies and the wider governance questions they have sparked among investors, analysts, and civil society. Drawing on publicly available financial data, media reportage, and long-circulating discussions in the public sphere, it examines the convergence of market underperformance, debt concerns, corporate restructuring decisions, and historical reputational debates linked to the group. The letter raises broader issues about transparency, accountability, political economy, and investor sentiment in contemporary India, especially in a climate where corporate influence, public institutions, and regulatory processes often appear intertwined. Without making allegations, the article highlights the anxieties and questions currently s...

  Philanthropy, Pharma, and Finance: A Letter Unveiling the Piramal Equation Posted on 8th November, 2025 (GMT 05:12 hrs) ABSTRACT “Philanthropy, Pharma, and Finance: A Letter Unveiling the Piramal Equation” is an open letter that interrogates the moral architecture of “philanthropic capitalism” through the lens of the Piramal Group’s intertwined ventures in pharmaceuticals and finance. Drawing upon the language of public accountability and philosophical critique, it examines how narratives of “conscious” and “value-based” enterprise often conceal deeper entanglements of debt, profit, and political patronage. Blending forensic analysis with rhetorical irony, the letter situates Piramal’s corporate conduct within the wider ecosystem of India’s crony-capitalist order, where the boundaries between care and commerce, virtue and valuation, increasingly blur. Ultimately, it is both a document of resistance and a call for ethical introspection in an age where balance sheets masquerad...