Raajmarg InvIT IPO: the portfolio logic behind pooling India’s toll roads
Freight corridors and urban commuter highways combine to smooth toll revenue volatility, highlighting the diversification logic behind Raajmarg InvIT
India’s LNG imports run through Hormuz
Qatar and the UAE account for nearly three-quarters of India’s LNG imports,
tying supply to a single maritime chokepoint
Russian crude may cushion India from a Middle East oil shock
US–Iran tensions have lifted crude prices, but India’s pivot to Russian oil since 2022 provides a partial hedge that did not exist during previous Gulf crises
Luxury hotel rates lead post-holiday correction
15-day forward pricing shows a sharp decline in premium leisure destinations, with business markets exhibiting lower volatility
India’s consumption story is deepening
India’s consumption base is widening, formalising, and upgrading, strengthening balance sheets and shifting demand toward higher-value categories
US bankruptcy filings rise 13% in Sep-Dec 2025
Over the past 12 quarters, filings have recorded double-digit annual growth in all but one quarter
A tale of two markets
Cash equities are increasingly delivery-led, even as derivatives premium turnover surges, revealing a bifurcated market structure beneath speculation headlines
CPI reset begins with 2.75% inflation
The redistribution of weightage under the new base makes the new series more services-sensitive and comparatively less food-dominated
RBI holds rates as inflation caution meets fiscal reality
Rising inflation forecasts, sticky bond yields, and increased government borrowing signal constrained policy space despite growth resilience
Budget 2026-27 and the economics of absence
In a ruptured world, India’s Union Budget chooses restraint, signalling stability and execution while avoiding disruption, populism, or dramatic course changes
The Budget’s changing voice
Over the past eight years, the Union Budget speech has stopped persuading and started instructing
How the Union Budget reshaped its social contract
Across years, the Union Budget has quietly rewritten its social contract—changing how different groups are recognised, prioritised, and positioned within growth