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...

  DHFL Victims, Are We Still Ready to Fight for It? Posted on 6th December, 2025 (GMT 07:25 hrs) Remembering 6th December 1992 — a black day in the history of the Indian Republic, marked by the demolition of the Babri Masjid by Hindutva terrorists, followed by the apex judiciary’s outright refusal to acknowledge the site of vandalism. ABSTRACT This article argues that the DHFL collapse is not merely a corporate failure or legal dispute but a political event symptomatic of India’s deepening cronyist order, where executive power, judicial alignment, and corporate interests appear increasingly intertwined. Through comparative analysis of recent successful pressure-group interventions—such as the farmers’ movement and the pushback against Sanchar Saathi—the article highlights how public mobilization, not institutional goodwill, remains the only effective counterweight to state-corporate consolidation. It further examines the erosion of judicial independence, shrinking civil libert...