Why the Market Is Mispricing Coal India’s Next Act
That’s the question the Indian equity market thinks it has answered. It may have the answer wrong. Coal India is, by almost any measure, a remarkable enterprise. It produces roughly … Read more
Indian Equity Markets
SBI Mutual Fund’s ₹1.3 Lakh Crore IPO Walks Into a Market That Has Forgotten How to Be Generous
The story of the SBI Mutual Fund IPO isn’t really about SBI Mutual Fund. It’s about whether the Indian primary market — battered by a three-month equity sell-off that has … Read more
Jio’s IPO Filing Signal Is the Most Consequential Market Story India Has Right Now
Here’s what keeps getting buried under the rupee headlines and the index noise: Reliance Industries has told its investment bankers that Jio could file an IPO prospectus as early as … Read more