Also in this newsletter, could the ‘India Stack’ go global?
Flurry of multimillion-dollar levies undercuts Narendra Modi’s pledge to ease burdens on business
Modi’s government seeks private sector backing to scale up LLMs and spur research
Also in this newsletter: why the RBI is right to be careful about household debt
A rise in unsecured credit among a consumer group that symbolises the country’s investment potential is hurting its economic ambitions
Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rate
Global financial groups continue to deal with Indian conglomerate despite US legal troubles
Creditors allege husband-and-wife team and strategy chief ‘masterminded theft’ of loan proceeds
Focus on thrifty populations has put platform on a route to a stock market listing
Also in this newsletter: southern states’ anxiety about delimitation, and Harshjit Sethi’s mantra
Footfall drops as economy weakens but chain still hopes to reach 1,000-store goal
Also in this newsletter, the weight-loss drug Mounjaro makes its India debut and stock markets on ‘liberation day’
Also in this newsletter: Viswanathan Anand’s academy is churning out chess champions, and declining stock markets have Indians buying more gold
Bet on middle-class shoppers said to be largest private equity consumer deal in India
After a decade of successful digital policies, the country is keen to claim a role as an alternative to US and Chinese governance
Also in this newsletter: X sues the government over ‘censorship’ and Viswanathan Anand’s mantra
New Delhi seeks to boost agriculture and food sales to increase earnings
Also in this newsletter: Sunil Mittal looks to expand his holding in BT, and the FT’s exclusive interview with Nvidia’s Jensen Huang
Also in this newsletter: a surge of new millionaires, and Ajit Dayal’s mantra
Banks to offer bespoke services and cater to households outside big cities as record listings create new millionaires
US president’s ultimatum has pushed New Delhi towards a broader realignment on trade
Marc Filippino talks to Alec Russell and John Reed
Also in this newsletter: Starlink set to enter India and inflation cools off
‘Far-reaching’ amendments to 1948 law highlight reluctance to wean world’s most populous nation off fossil fuels
Country’s two biggest mobile operators drop opposition and sign deals
