News · Policy · Japan, China, India · 23 Sept 2026
China doesn't just mine rare earths. It makes nearly all the world's rare-earth magnets, and in 2025 it used that chokehold to force its way into trade talks with Washington. U.S. President Donald Trump can't afford to ignore the leverage days weeks away from the end of the one-year deal.
News · Macro · India · 14 Sept 2026
India's statistical overhaul cut ₹43.9 lakh crore, about $464 billion, from the country's measured economy. None of it was lost production. Why it vanished is also why this quarter's 7.8 percent growth rate cannot be checked from the outside.
Deep Dive · Macro · India · 12 Sept 2026
The 7.8 percent print survives arithmetic reconstruction. What it rests on is a set of price assumptions that published data cannot verify.
News · Macro · India · 5 Sept 2026
Officials say India's economy grew 7.8 percent last quarter. A former finance secretary says the real figure is 2.6. Between those two numbers sits a change to India's statistical methods that nobody outside the government has yet been allowed to check.
Deep Dive · Banks · India · 31 Jul 2026
HDFC Bank spent two decades outrunning India's benchmark index. A deposit deal booked as marketing spend, a bond scandal out of Dubai and a chairman who quit over "values and ethics" have turned the country's model bank into its biggest governance story.
News · Banks · India · 31 Jul 2026
MUMBAI — The board of HDFC Bank, India's largest private lender, fined its own chief executive this week over his handling of a state government deposit, a rare public rebuke that has deepened a run of governance…
News · Macro · India · 19 Jul 2026
A Reserve Bank of India program built to draw dollars from wealthy Indians abroad is losing momentum, undercut by the same overseas funding costs it was designed around
News · Markets · India · 4 Jun 2026
Short sellers exposed Enron, Wirecard and Nikola years before regulators caught up. A fraud conviction, a decade of rising stocks, and a Reddit mob have pushed them out of the business. The gap they leave is real.
News · Ideas · Japan, India · 21 May 2026
News · Macro · India, US · 17 May 2026
Three months after hostilities closed the Strait of Hormuz, roughly 15 percent of the world's oil supply remains offline. Even as Wall Street just had its best month in years, the crisis has remade daily life across the…
News · Banks · India, Hong Kong · 29 Apr 2026
Regulators across five continents have sanctioned the firm for professional negligence, lapses in detecting fraud, and compromised independence over some two decades. But far from an apology, PwC's leaders haven't even…
News · Rates & FX · India · 27 Apr 2026
The Reserve Bank of India has spent the first months of 2026 defending the rupee, and the defense is costing more than the currency is worth protecting.
News · Ideas · India, US · 3 Jan 2026
When Ramalinga Raju struggled to maintain eye contact while defending Satyam Computer Services' improbable earnings in late 2008, I dismissed my unease as overthinking. Two months later, India's fourth-largest software…
