Independent pieces on markets, investing, businesses and the ideas shaping them. Updated occasionally, written slowly.
Investment analysis on India is not hard to find. Analysis that treats water as an actual variable in the model is rare. Not a sustainability section, not an ESG checkbox, but a genuine attempt to ask whether the places where capital is...
Read the pieceCapital has been pouring into Indian healthcare from every direction at once, and the three streams look so different on the surface that they rarely get discussed as one trade. Private equity is buying and reselling hospital chains at...
Read the pieceIndian markets are in the middle of a genuine crisis right now, not a paper one. The Sensex crashed over 2,700 points on March 2, followed by another 2,500 points on March 9. The rupee touched a record intraday low of Rs 92.35 to the...
Read the pieceThrough 2025 the feeds carried a particular kind of energy. The dollar had fallen nearly 10% since Trump took office, its steepest drop since the early 1970s. The administration was openly pressuring the Federal Reserve, tariff walls were...
Read the pieceThe official story about India's family offices goes something like this. There were 45 of them in 2018. There are over 300 today. They are professionalizing, diversifying, maturing, moving into private equity and venture capital, setting...
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