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This company stopped being a coal-burning utility and became India’s largest private power distribution platform and one of its biggest renewable energy businesses. It doubled in size, and increased the share of clean power from a seventh to nearly a half. So did the business actually get better, or did it only get bigger while the country’s demand for power grew around it?
21 mins read
When war hits the Gulf, the world watches two prices: Crude and LNG. This time, the same missiles broke a third market almost nobody tracks. Iranian strikes on Ras Laffan knocked out roughly a third of the world's supply of a gas that is not a fuel. Nobody burns it. It cannot be made in a factory. But it cools the machines that make advanced AI chips, and sends rockets up. Then China, quietly a re-export route for Russian supplies, imposed export controls of its own. Spot prices have roughly doubled. Who gets hurt first? Why is Europe more exposed than India? And what is the one card New Delhi still holds?
9 mins read
Twenty-two months after making silver cheaper to import, India made it harder. Imports fell to a three-year low in May, weeks after the effective duty went back up from 6% to 15%. Why did silver matter enough to act on? And what does it mean for anyone who buys, holds, or uses the metal?
8 mins read
The initial promise was cheaper petrol and lower oil imports. The balance sheets of the companies in the ethanol value chain tell a different story.
8 mins readBy Prashant Mukherjee
In the last one month, Bitcoin and gold have shown a correlation of 70%, the highest in recent memory.
6 mins readBy Pravin Palande

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