
UN stint taught me how to question status quo: RBI governor Sanjay Malhotra
LUCKNOW: RBI governor Sanjay Malhotra on Monday said his experience at the United Nations taught him to challenge status quo, a lesson that helped him streamline government systems during his administrative career.
Speaking at the 58th convocation of IIT Kanpur, Malhotra-an alumnus of the institute - outlined four key learnings from his professional journey thus far: continuous learning, questioning status quo, pursuing one's karma without fear, and building trust.
Quoting Albert Einstein, Malhotra asked students to never stop questioning. "When you question status quo and ask questions, you open the door to new ideas and fresh perspectives.
It is fuel for innovation; it drives you to explore, experiment, and create something better. So, no matter where you are in life or your career, never stop questioning status quo and improving,"he said.
Between 2003 and 2006, while working at UN on a project to improve productivity in India's hand tool manufacturing clusters, Malhotra saw how small interventions could trigger systemic change.
A total quality management expert involved in the initiative had asked forging units to reduce the time taken to change a die from eight hours to less than one. The suggestion was met with scepticism. Eventually, the introduction of a simple video recording of the process helped identify inefficiencies - late starts, unplanned breaks, and lack of preparation. Malhotra said he carried this mindset into his roles in taxation, power, banking, and finance.
"It helped in making changes in laws, rules, and procedures, for the benefit of citizens and the government alike."
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
an hour ago
- Mint
Iran-Israel war priced in; Nifty 50 to hit 27,500-28,000 by year-end: Chakri Lokapriya, LGT India
Expert view: Voicing his bullishness on the Indian stock market despite rising geopolitical risks, which he believes are largely priced in, Chakri Lokapriya, CIO, Equities, LGT India, predicts another 10-12% upside in the Nifty 50 over the next six months. Ahead of the earnings season, the veteran market expert sounds bullish on the real estate and banking sectors. The CIO has also shared his top stock to buy ideas for solid returns over the next year. Despite rising geopolitical tensions, particularly the Iran-Israel conflict, markets have shown surprising resilience. Much of the potential downside has already been priced in, allowing equity indices to hold ground amid volatility. June has seen crude oil prices spike 17% in response to fears of regional escalation and due to U.S. involvement. However, oil remains down 11% over the past year, and year-to-date prices are largely flat. This stability implies no significant changes to India's oil import outlook or economic growth projections. We credit the RBI's swift and steady policy actions to enable the market's ability to absorb such developments. We expect the Nifty 50 to reach 27,500 to 28,000 by the end of 2025—an upside of around 10% to 12% from current levels. The bullish view is underpinned by expectations of an earnings recovery over the next couple of quarters, following what we believe to be a bottoming out in Corporate India's performance. The key risks to this outlook include a further escalation in Middle East tensions and prolonged trade uncertainty with the U.S., both of which could act as headwinds. With the market trading at approximately 21 times one-year forward earnings, valuations appear reasonable. We see this as an opportune time for investors to consider entering or adding to their equity positions, especially with an 18-month investment horizon. Defence has emerged as a standout sector this quarter, buoyed by a string of global and regional conflicts that have reshaped geopolitical priorities. From the Russia-Ukraine war to the Israel-Iran flare-up, defence spending is on the rise globally. European nations are pledging up to 5% of GDP toward defence, while India is doubling down on indigenous manufacturing under its 'Make in India' and 'Atmanirbhar Bharat' initiatives. We believe several key players in India's defence ecosystem, such as Bharat Electronics Ltd (BEL), Hindustan Aeronautics Ltd (HAL), Bharat Earth Movers Ltd (BEML) are long-term beneficiaries of both domestic procurement and export opportunities. With the first-quarter earnings season approaching, market watchers are bracing for a mixed bag. The RBI's recent 50-basis-point rate cut—larger than market expectations—is expected to compress bank margins in the near term. However, the move could drive loan growth and benefit lenders with strong retail books. Winners: Real Estate (boosted by lower home loan rates), Banks (due to higher loan volumes) Laggards: Consumer Staples with low pricing power. We believe that select infrastructure and railway stocks as strong medium-term plays: REC Ltd and Power Finance Corporation (PFC): These infrastructure financiers stand to benefit from relaxed RBI provisioning norms, including reduced standard asset provisions and income recognition on an accrual basis for deferred projects. Titagarh Rail Systems: Seen as a long-term growth story, this railway manufacturer is expected to capitalise on robust government capex and secular growth in domestic rail infrastructure. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)

First Post
an hour ago
- First Post
Iran says 'no agreement reached' but will halt strikes if Israel stops attacks
Iran has dismissed US President Donald Trump's claim of a ceasefire with Israel. Foreign Minister Araghchi said no agreement has been reached, but added that Iran will stop its military actions if Israel ends its attacks by 4 AM Tehran time. read more Iran's Foreign Minister Abbas Araghchi addresses a special session of the Human Rights Council at the United Nations in Geneva, Switzerland, June 20, 2025. File Image/Reuters Iranian Foreign Minister Abbas Araghchi has denied US President Donald Trump's claim that a ceasefire deal between Iran and Israel has been reached. In a statement issued hours after Trump's announcement, Araghchi made it clear that no agreement exists. Earlier, Trump had announced that Iran and Israel had agreed to a 'complete and total ceasefire' set to begin within six hours, once both sides finished their final operations. He said the war would officially be over 24 hours after the ceasefire began. STORY CONTINUES BELOW THIS AD 'As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around,' Araghchi wrote on X. 'As of now, there is NO 'agreement' on any ceasefire or cessation of military operations.' More from World Is Israel running short on Arrow interceptor missiles amid conflict with Iran? As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around. As of now, there is NO "agreement" on any ceasefire or cessation of military operations. However, provided that the Israeli regime stops its illegal aggression against the Iranian people no… — Seyed Abbas Araghchi (@araghchi) June 24, 2025 However, Araghchi said Iran will stop its military actions if Israel ends its attacks by 4 AM Tehran time. 'If the Israeli regime stops its illegal aggression against the Iranian people by 4 AM, we have no intention to continue our response,' he said, adding that a final decision on halting Iran's military operations will be made later.


Mint
2 hours ago
- Mint
Recommended stocks to buy today, 24 June, by India's leading market experts
Nifty50 fell 0.56% on Monday amid high volatility, driven by rising geopolitical tensions after the U.S. airstrikes on Iranian nuclear sites, which pushed crude oil prices to five-month highs. This spurred inflation fears and raised concerns about delayed RBI rate cuts. India VIX jumped over 5%, reflecting increased market uncertainty. Despite the decline, Metal, small- and mid-cap stocks showed resilience with selective buying interest. Here are top stock recommendations by India's leading market experts for 24 June Two stocks to trade today, recommended by NeoTrader's Raja Venkatraman: Kirloskar Brothers Ltd (current price ₹1,922.60) Also read: Paint industry's first dip in 20 years—is a rebound next? Stocks to trade today, recommended by Trade Brains Portal for 24 June: Finolex Cables Ltd Current price: ₹ 939 Target price: ₹ 1,150 in 16-24 Months Stop-loss: ₹ 830 Why is Finolex Cables recommended: Finolex Cables Ltd, established in 1958, is one of India's most diversified and leading manufacturers of electrical and telecommunication cables. Responding to evolving market demands, the company has expanded into the fast-moving electrical goods (FMEG) segment, positioning itself as a one-stop provider of electrical solutions. Its broad product portfolio now includes wires and cables, fans, water heaters, switches, switchgear, room heaters, irons, lighting, conduits and fittings, and smart home solutions. The cables and wires range covers power, speaker, LAN, telephone, agricultural, and residential applications. The company delivered a strong financial performance in FY25. Revenue rose 14% year-on-year to ₹1,595 crore in Q4 FY25 from ₹1,401 crore in Q4 FY24. For the full year, revenue grew 6% to ₹5,319 crore from ₹5,014 crore in FY24. Profit after tax in Q4 FY25 increased to ₹192 crore from ₹186 crore a year earlier. For the full year, net profit rose 7.5% to ₹701 crore from ₹652 crore. The company managed commodity price volatility through dynamic pricing strategies. Looking ahead, Finolex plans a capex of ₹104 crore in FY26, along with ₹40–50 crore in maintenance capex. It is also developing new manufacturing plants to support its next phase of growth. The company commissioned its e-beam project in January 2025 and has since launched two new product lines: its most premium wire targeted at the construction segment, and solar cables launched in February 2025. At full capacity, management expects these two product lines to contribute ₹500–600 crore in annual revenue, with more additions planned to strengthen this stream. The outlook for the Indian wire and cable industry remains strong. The market is projected to grow from $21.22 billion in 2025 to $32.85 billion by 2030, at a compound annual growth rate (CAGR) of 9.14% over the forecast period. Read this | How Vedanta's debt burden turned Hindustan Zinc into a net-debt company Risk factors: The company encounters fierce competition from both organized players like Polycab India, KEI Industries, RR Kabel, V-Guard Industries, etc., as well as from unorganized players in the industry. It is also exposed to raw material risk, as fluctuations in the prices of raw materials like copper, aluminium, and fibre optics may significantly influence the company's input costs. Container Corp. Of India Ltd Current price: ₹ 735 Target price: ₹895 in 16-24 Months Stop-loss: ₹ 655 Why is Container Corp. Of India recommended: Incorporated in 1988, Container Corp. Of India (Concor) is a 'Navratna" public sector enterprise under the Ministry of Railways and remains the market leader in its space. It operates 66 terminals across India, including 4 pure EXIM terminals, 35 combined container terminals, 24 domestic terminals, and 3 strategic tie-ups. The company's business is broadly divided into EXIM and domestic segments, and it operates across three verticals: carrier, terminal operator, and warehouse operator. Its extensive asset base includes 130 LNG trucks, 107 reach stackers, five gantry cranes, 29 forklifts, 24 shunting engines, 17,967 container wagons, and 53,187 containers. In FY25, operating revenue rose 2.7% year-on-year to ₹8,887 crore. Ebitda grew 10% to ₹2,330 crore, resulting in a healthy Ebitda margin of 25%. Profit after tax increased 3.5% year-on-year to ₹1,292 crore. The EXIM segment posted 7% growth, while the domestic business expanded 12% year-on-year. Concor's market share now stands at 55.2% in the EXIM segment and 57.6% in the domestic segment. For the first time, the company surpassed the 5 million TEU mark, handling a record 5.09 million TEUs in FY25, with total throughput growth of around 8% during the year. For FY26, the Board has approved a capital expenditure plan of ₹860 crore, primarily allocated toward terminal development, container acquisition, and IT infrastructure. The company has set a long-term goal to scale up to 100 terminals, over 500 rakes, and 70,000 containers by FY28. Management forecasts domestic volume growth of 20% in FY26, while EXIM growth is expected to reach 10%. The company is actively collaborating with Indian Railways and the Dedicated Freight Corridor (DFC) to secure land for future terminal expansion. Also read | Sunteck Realty readies recipe for a strong FY26 even as shares await a rebound Two stock recommendations by MarketSmith India: Buy: Ahluwalia Contracts (India) Ltd (current price: ₹943.10) Buy: Chambal Fertilizers and Chemicals Ltd (current price: ₹563.30) Also Read: Inside India's SME IPO boom—and why it's getting riskier Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543). Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.