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On Episode 959 of The Core Report, financial journalist Govindraj Ethiraj talks to Ambareesh Baliga, Veteran Market Expert as well as Prasanna Tantri, Associate Professor of Finance and the Executive Director of the Centre for Analytical Finance at the Indian School of Business (ISB). SHOW NOTES(00:00) Stories of the Day(00:50) Operation Economic Outcast Is Not As Bad As Feared(02:09) The US Sanctions Indian Trading Companies For Doing Business With Iran(04:57) Govt To Transfer Its Conventional Missile Technologies To Private Sector To Hasten Production(05:38) A Steady Flow Of IPOs Continues To Act As A Dampener On The Markets(12:47) India Might Raise Close To $80 Billion Of FCNR (B) or NRI DepositsFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 958 of The Core Report, financial journalist Govindraj Ethiraj talks to Alok Agarwal, Deputy Chief Investment Officer at Alchemy Capital Management. We also feature an excerpt from our episode of How India's Economy Works featuring Vidya Mahambare, Professor of Economics at the Great Lakes Institute of Management in Chennai. SHOW NOTES(00:00) Stories of the Day(01:00) Why Markets Are Bracing For US Sanctions On Iran(03:59) Has China Passed Its Peak Demand For Oil Last Year Itself?(05:48) Will This Year Be The Weakest Monsoon In 20 Years?(07:11) The Crossover Theory On Yesteryear Stocks(15:14) The Unintended Consequences Of India's Rural Homes Subsidy(26:24) India's Aviation Market Is Contracting Right NowFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 957 of The Core Report, financial journalist Govindraj Ethiraj talks to Shankkar Aiyar, economic journalist, columnist and author. We also feature an excerpt from our episode of How India's Economy Works featuring Partha Chatterjee, Dean of Academics and Professor of Economics at Shiv Nadar University.SHOW NOTES(00:00) The Take(03:43) FIIs Pick Up Buying, Will They Balance Out Rising Oil Prices(05:13) FCNR Deposits Now Over $65 Billion As The Deadline Approaches(08:46) 87 Million Indian Youth Aged 15 To 29 Are Not Studying, Working, Or Receiving Training, Govt Report.(10:55) Why India Is No Exception To Rising Debt Global Levels(22:09) Why Rising GDP Has Not Translated Into Rising Household ProsperityRESOURCE LINKSGovernment Carry Trades: A Rising Global Risk by Shankkar Aiyar For more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
India's next investment boom could be emerging across AI infrastructure, defence and metals. In this episode of The Core Report Special Edition, Abhay Laijawala, MD & Chief Investment Officer, India, Lighthouse Canton, joins financial journalist Govindraj Ethiraj to explain the biggest investment opportunities shaping India's stock market and economy in 2026.From data centres and AI infrastructure to defence manufacturing, copper, silver and aluminium, Laijawala explains why the next investment cycle may look very different from the one investors have just lived through.India may not dominate the semiconductor or memory chip business yet, but Laijawala argues that the country has a significant opportunity in the wider AI infrastructure ecosystem. Transformers, cooling systems, gensets, electrical equipment and data centre infrastructure could become major beneficiaries as India expands from under 2 GW of data centre capacity today towards an estimated 8 to 10 GW over the coming years.The conversation also looks at why defence manufacturing in India could be at the beginning of a multi-year growth cycle. Rising domestic procurement, stronger order books, exports, missiles, munitions, drones and a growing private-sector defence ecosystem are creating new opportunities outside the traditional large-cap universe.The next major investment theme is metals, particularly copper, silver and aluminium. Copper demand is rising with power grids, renewable energy, electric vehicles and data centres, while constrained global supply could create a significant copper shortage. Silver and aluminium could also benefit from the global shift towards electrification.Laijawala also explains why investors are looking beyond Indian equities towards US stocks, European equities, semiconductors and global diversification, and why gold and silver may deserve a larger place in portfolios as concerns around US debt and the dollar grow.Could India's next investment boom be driven by AI, defence and metals rather than the traditional market leaders?Govindraj Ethiraj and Abhay Laijawala also discuss whether India could be entering an economic cycle similar to 2003 and 2004, with stronger industrial growth, rising bank credit, corporate investment and potentially higher earnings growth.Watch the full conversation for Abhay Laijawala's outlook on the India stock market in 2026, AI infrastructure investment, defence manufacturing, copper and silver prices, aluminium, data centres, global equities, portfolio allocation and India's next investment cycle.Chapters:01:24 What Does Lighthouse Canton Actually Do? 02:47 What Wealthy Investors Want Now 03:54 Are Global Investors Still Committed to AI? 06:27 What Does It Mean When Investors Get Flushed Out? 07:06 Why Power and Copper Matter to India's AI Future 10:13 Where Will India's Next Industrial Growth Come From? 11:43 Which Equipment Is on the Approved List? 12:15 Will More Companies Enter This Opportunity? 13:21 How Industry Is Preparing for What's Next 14:11 Can India Capitalise on Rising Copper Demand? 20:16 Where Are India's Next Big Investment Themes? 22:56 Why Mining Could Matter More to Investors 24:15 Where Do Copper, Silver and Aluminium Go From Here? 26:54 How Should Investors Allocate Across Asset Classes? 29:00 Where Are the Next Opportunities in Defence? 32:32 What Are India Inc.'s Earnings Telling Investors? Could India's next investment boom come from AI infrastructure, defence manufacturing and metals? Govindraj Ethiraj and Abhay Laijawala discuss India's stock market outlook for 2026, data centres, AI investment, defence, copper, silver, aluminium and the next investment cycle shaping India's economy. Watch The Core Report Special Edition for the investment opportunities investors should be tracking.#IndiaInvesting #AIInfrastructure #DefenceManufacturing #StockMarketIndia #TheCoreReport #TheCore
India's truck transition could become a $1 trillion opportunity as heavy-duty trucking shifts from diesel to LNG and electric trucks.In this episode of The Core Report Weekend Edition, Govindraj Ethiraj speaks with Anirudh Bhuwalka, Founder and MD of Blue Energy Motors, about what this transition could mean for India's manufacturing, logistics and commercial vehicle industry.India has around 4 million medium and heavy-duty trucks on the road, with roughly 250,000 new trucks sold every year. The shift from fossil fuels to alternate fuels could create a $1 trillion manufacturing opportunity, even before accounting for logistics, charging infrastructure, energy services and the wider transport ecosystem.Blue Energy Motors has already put more than 1,200 LNG trucks on Indian roads and accumulated around 100 million kilometres of operating data. Bhuwalka explains why LNG can work as a transition fuel for long-haul trucking, how lower operating costs can help fleet operators recover the higher upfront cost, and why LNG infrastructure is beginning to improve across key industrial corridors.Electric trucks could change the economics even further. Falling battery and renewable energy costs are improving electric truck economics, but range, charging time, infrastructure and upfront capital remain major barriers. Blue Energy Motors is testing battery swapping on the Mumbai-Pune corridor and using an energy-as-a-service model to separate the battery cost from the truck.The conversation also looks at why India cannot simply copy China's electric truck model. It also examines how scale could bring down LNG truck costs over time, where heavy-duty trucks fit into the EV transition, and how LNG, electric, biogas and hydrogen may serve different use cases.Bhuwalka also explains how connected trucks are changing fleet economics. Blue Energy Motors tracks around 120 data points in real time and uses artificial intelligence and machine learning for driver scoring, predictive maintenance, fuel efficiency, safety and fleet productivity.Could India's $1 trillion truck transition become one of the country's biggest manufacturing and investment opportunities?Watch the full conversation for insights on electric trucks in India, LNG trucks, heavy-duty trucking, EV adoption, battery swapping, commercial vehicles, logistics, clean mobility, truck manufacturing, predictive maintenance and transport decarbonisation.Chapters:01:03 The Journey from AMW to Building Blue Energy Motors03:24 Blue Energy Motors Enters a Market Dominated by Giants04:46 The Challenge of Building a New Truck Brand07:04 What 1,200 Trucks Taught Blue Energy Motors10:13 Did the War Disrupt Blue Energy Motors?10:53 Are There Enough LNG Stations in India?11:58 How Blue Energy Motors Built Its Truck Platform16:14 Who Buys a Blue Energy Motors Truck?17:43 Have Blue Energy Motors' Early Buyers Broken Even Yet?18:54 Will LNG Trucks Get Cheaper With Scale?19:23 Why Blue Energy Motors Is Betting on Both LNG and Electric23:26 Where Heavy-Duty Trucks Fit Into the EV Transition24:11 Why China Is Pulling Ahead in Battery Technology26:25 Why LNG and Electric May Serve Different Trucking Needs27:21 Are Hybrids the Missing Link in Clean Trucking?28:01 Can India's Biogas Push Power Heavy Transport?30:41 How Connected Trucks Are Closing the Engineering Feedback Loop35:55 What It Takes to Build a B2B Truck Brand36:59 The Financial Roadmap for Blue Energy MotorsIndia's truck transition could become a $1 trillion opportunity as electric trucks in India, LNG trucks and battery swapping reshape heavy-duty trucking. The shift could transform India's manufacturing, logistics, commercial vehicles and clean mobility sectors. Watch the full conversation on EV adoption, truck economics and the future of transport in India.#ElectricTrucks #LNGTrucks #EVIndia #Manufacturing #Logistics #TheCoreReport #TheCore
On Episode 954 of The Core Report, financial journalist Govindraj Ethiraj talks to Atul Chaturvedi, Director at Shree Renuka Sugars as well as Umesh Sharma, Chief Investment Officer - Debt at The Wealth Company Mutual Fund.SHOW NOTES(00:00) Stories of the Day(01:00) Will Indian Markets Hold Their Gains As US Treasury Yields Rise?(04:38) Did The Government Fail To Anticipate A Sugar Shortage, Leading To Prices Jumping And Imports Opened Up?(15:41) The US Treasury Is Openly Intervening In Bond Markets, Even As Gross US Debt Crosses $40 Trillion(24:09) What China's Humanoid Robots Can And Cannot Do(26:00) The Rise And Fall Of Asia's Second Richest Man As Chinese Real Estate Tycoon And Founder Of Evergrande Is Sentenced To Life In PrisonSign up for our Daily Newsletter: https://www.thecoredaily.in/ EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 953 of The Core Report, financial journalist Govindraj Ethiraj talks to Dr Kishore Jayaraman, OBE, Group CEO at UK India Business Council as well as Abhishek Bisen, Head of Fixed Income at Kotak Mutual Fund.SHOW NOTES(00:00) Stories of the Day(01:14) Why Indian Markets Are Drifting Down(04:46) The Govt Steps Up Incentives For Piped Natural Gas Consumers(07:06) Global Bond Markets Are Extremely Volatile, What That Means For India(16:36) Why The US Is Still The Most Resilient Export Market For India(17:09) A Month On, How Is The India-UK FTA Shaping Up And Early SignsSign up for our Daily Newsletter: https://www.thecoredaily.in/ EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 952 of The Core Report, financial journalist Govindraj Ethiraj talks to Captain Sam Thomas, President at ALPA India. We also feature an excerpt from our Special Edition featuring Kaushlendra Sinha, CEO at IAGES.SHOW NOTES(00:00) Stories of the Day(01:20) Oil Prices Inch Up Further, Dampen Mood In Indian Markets(02:43) Nifty50 Companies Report 10-Quarter Growth High Of 18%(06:02) NSE IPO Could Be Valued At $55 Billion, Making It One Of Biggest In World(10:17) How An Industry Initiative To Create A Standard For Gold Is Gaining Acceptance Across India(20:08) Why Is Dope Testing For India's Airline Pilots' Frontstage Right NowSign up for our Daily Newsletter: https://www.thecoredaily.in/ EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 951 of The Core Report, financial journalist Govindraj Ethiraj talks to Puneet Gupta, Director–India & ASEAN Automotive Market at S&P Global Mobility as well as Anindya Banerjee, Head of Research for FX and Interest Rates at Kotak Securities.SHOW NOTES(00:00) Stories of the Day(01:18) Markets Stay Down As Oil Prices Wait For War Developments(04:11) The Rupee Fell To Its Weakest Level In Two Weeks On Monday(06:32) Why Did The RBI Close The FCNR Deposit Window So Suddenly?(17:16) A Top Govt Official Makes An Open Case For Bringing In E10 Fuel, As Opposed To E20 Which Consumers Are Upset About.Sign up for our Daily Newsletter: https://www.thecoredaily.in/ EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 950 of The Core Report, financial journalist Govindraj Ethiraj talks to Tarun Pathak, Research Director at Counterpoint Research as well as Suvendu Bose, Partner at Grant Thornton Bharat LLP.SHOW NOTES(00:00) The Take(04:12) Foreign Investors Will Have It Easier To Buy Indian Stocks(05:44) Trump Quips Strait Of Hormuz To Be A US Territory(09:43) Why The Rs 10k Smartphone Might Be History(21:02) What India Needs To Do To Score In The Critical Minerals RaceSign up for our Daily Newsletter: https://www.thecoredaily.in/ EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
India's foreign investment problem may be bigger than it looks. In this episode of The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with Ajay Shah, Senior Research Fellow and Co-founder of XKDR Forum, about why foreign investment in India has slowed, why FDI flows have struggled to regain their earlier momentum, and what this could mean for India's economic growth.Ajay Shah argues that the real question is not whether foreign capital is coming into India, but how much more investment India could be attracting. He points to a longer-term slowdown in both foreign direct investment and foreign portfolio investment and examines why global investors may remain cautious about committing substantially more capital to India.The conversation explores six major issues that Shah believes are holding back foreign investment in India, including capital controls, taxation, bilateral investment treaties, trade barriers, financial market infrastructure and the rule of law.Shah also explains why foreign capital matters for the Indian economy. Beyond funding, foreign companies can bring technology, management practices, global supply chains and knowledge that can improve productivity, manufacturing and competitiveness.Govindraj Ethiraj and Ajay Shah discuss FDI in India, FPI, FEMA, SEBI, taxation, tariffs, global value chains, contract enforcement, private investment, industrial policy and India's economic reforms. They also explore why Shah considers the period from 1991 to 2011 crucial to India's economic growth story and why both foreign and domestic private investment appear to have lost momentum since then.At the heart of the conversation is a bigger question. If India wants faster GDP growth, more manufacturing, more jobs and deeper integration with the global economy, what needs to change for global investors to put substantially more money into India?Chapters:01:25 What's Driving Foreign Capital Away? 03:50 Why Has Foreign Capital Struggled to Scale in India?07:31 Why Are Some Companies Still Investing in India? 09:51 How Easy Is It to Enter and Exit India? 13:20 Is India's Capital Problem Both Inward and Outward? 15:00 Why India's Tax Regime Concerns Foreign Investors 19:19 How the Indian State Affects Foreign Firms 23:36 Do Trade Barriers Discourage Foreign Capital 25:04 How Should India Position Itself Globally? 26:19 Why Are Tariffs Rising and Falling Again? 27:23 Why Are Tariffs Rising and Falling Again? 28:28 Why Capital Gets Stuck After Entering India 30:30 Why Transactional Efficiency Isn't Enough 31:50 How Should India Tackle Round-Tripping? 34:51 What Institutions Does India Need to Strengthen? 36:57 How Can India Become More Competitive? 40:27 How Important Is Private Capital to India? Watch the full conversation for a deeper understanding of India's foreign investment problem, foreign investment in India and the future of FDI in India.India's foreign investment problem goes beyond slowing FDI in India. Why are global investors cautious about foreign investment in India, and what must change? Ajay Shah explains how FDI, FPI, taxation, tariffs, private investment, manufacturing, economic reforms and the rule of law could shape India's economic growth.#ForeignInvestment #FDIIndia #IndianEconomy #EconomicReforms #IndiaGrowth #TheCoreReport #TheCore
Can better buildings cut India's energy bills by up to 40%? Saint-Gobain Asia Pacific and India Region CEO Sreedhar N joins Govindraj Ethiraj to explain how energy-efficient buildings, insulation and sustainable construction could transform India's energy use.As India's construction and infrastructure boom accelerates, Saint-Gobain is betting on better buildings, climate-resilient infrastructure and energy efficiency while planning to invest more than ₹10,000 crore in India over the next five years.In this episode of The Core Report Weekend Edition, Sreedhar explains why India needs to rethink how homes, offices, airports, roads and other infrastructure are built. He discusses how insulation, gypsum, glass, mineral wool and construction chemicals can improve energy efficiency, thermal comfort, durability and safety.Saint-Gobain says some new-construction use cases have demonstrated energy bill reductions of up to 40%. Sreedhar also argues that wider use of insulation could significantly reduce energy demand in Indian buildings.The conversation explores the economics of sustainable construction, why poor waterproofing and corrosion can shorten the life of buildings and infrastructure, and how better materials could make India's cities more resilient to heat, flooding and extreme weather.Govindraj and Sreedhar also discuss Saint-Gobain's 82 manufacturing plants in India, its expansion into construction chemicals and infrastructure solutions, and the growing role India could play as a manufacturing and export base for Asia Pacific, Australia and the Middle East.The discussion also looks at how Saint-Gobain has decentralised its global operations, reduced dependence on cross-border supply chains and adapted to a world shaped by tariffs, geopolitical uncertainty and shifting trade patterns.Can energy-efficient buildings help India cut electricity consumption? Why does insulation matter so much for Indian homes? And could sustainable construction become one of the next big opportunities in India's manufacturing and infrastructure story?Chapters:01:06 What Saint-Gobain Makes for India05:10 How Climate Change Is Changing Construction06:18 Which Saint-Gobain Brand Is the Game Changer?11:25 What Is India Doing That Others Should Copy?13:20 What Are They Building in the Lab?14:47 Why Sustainable Buildings Must Also Be Resilient18:59 Can New Buildings Avoid Mumbai's Old Problems?20:16 Can Our Infrastructure Survive Extreme Weather?23:18 What Makes an Airport Climate-Resilient?24:37 Can Gypsum Replace Concrete in Construction?26:21 Saint-Gobain's Next-Generation Building Technology28:11 Why Saint-Gobain Goes Beyond Construction29:52 Will Saint-Gobain Expand Beyond Construction?32:01 Is India Becoming a Saint-Gobain Export Hub?33:38 What It's Like to Be a CFO Among Engineers36:37 How Tariffs Are Changing Global BusinessWatch the full conversation with Sreedhar N, CEO for Asia Pacific and India at Saint-Gobain, and Govindraj Ethiraj on The Core Report Weekend Edition.Can better buildings cut India's energy bills by up to 40%? Saint-Gobain CEO Sreedhar N explains how energy-efficient buildings, insulation and sustainable construction could reshape India's energy use, construction, infrastructure and manufacturing. Watch how climate-resilient infrastructure and better building materials could become India's next big growth opportunity.#EnergyEfficiency #SustainableConstruction #IndiaInfrastructure #SaintGobain #Manufacturing #TheCoreReport #TheCore
On Episode 947 of The Core Report, financial journalist Govindraj Ethiraj talks to K. Ramakrishnan, Managing Director-South Asia at Worldpanel by Numerator (formerly Kantar Worldpanel) as well as Deven Choksey, market expert and Managing Director at DRChoksey FinServ.SHOW NOTES(00:00) Stories of the Day(01:38) Oil Prices Fall On Demand Concerns, After A While, Markets Steady(04:36) South Korean Markets Are Now In Bull Territory(08:14) Finding The Balance Between Long Term Investments And Shareholder Return(21:01) An Ease Of Doing Business Lesson From The USA Which Is Processing Tariff Refunds(22:45) Rajkot Snacks Company Balaji Breaks Into Top 10 Most Chosen In-Home FMCG BrandEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereSign up for our Daily Newsletter: https://www.thecoredaily.in/ For more of our coverage check out thecore.inFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 946 of The Core Report, financial journalist Govindraj Ethiraj talks to Hetal Dalal, COO at Institutional Investor Advisory Services (IiAS), as well as Amit Purohit, FMCG Analyst at Elara Securities.SHOW NOTES(00:00) Stories of the Day(01:00) Tata Sons Chairman N Chandrasekaran Resigns, Group Stock Prices Fall(04:21) Higher Food Prices Push Up Inflation To 4.45%(05:31) Russia Is Importing Petroleum Products From India(07:36) What Should Tata Group Company Shareholders Be Looking Out For? (14:15) A CEO Resignation At Godrej Highlights The Larger Challenges In India's Consumer Products MarketEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 945 of The Core Report, financial journalist Govindraj Ethiraj talks to Sheetal Sapale, Vice President–Commercial at Pharmarack as well as Gautam Shahi, Senior Director at Crisil Ratings.SHOW NOTES(00:00) Stories of the Day(01:00) Markets Wilt As All Signs Point To A Forever War In West Asia(03:28) Fitch Ratings Affirms India's Sovereign Rating at 'BBB-'(04:47) Indian Traders Lost More Money Trading Derivatives On Average Than They Did The Year Before (08:59) Cardiac Linked Drug Sales Rise As More Indians Self-Test(15:23) India's Yarn Industry Is Looking At A Positive YearEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 944 of The Core Report, financial journalist Govindraj Ethiraj talks to Kanika Mahajan, Associate Professor at Ashoka University. We also feature an excerpt from our upcoming Special Edition with Gopal Jain, Managing Partner at Gaja Capital.SHOW NOTES(00:00) Stories of the Day(00:41) Indian Markets Put Up A Fight Against Rising Oil Prices(04:28) Consolidation In The Solar Space(08:11) Why Everyone Is Talking About Alternatives As An Investment Approach(14:22) The Polarisation In The Jobs Market We Have To Watch CloselyEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 943 of The Core Report, financial journalist Govindraj Ethiraj talks to Siddharth Pai, Founder & Managing Partner at Siana Capital as well as Devang Shah, Head - Fixed Income at Axis Mutual Fund.SHOW NOTES(00:00) The Take: Thank You Mr. Gadkari(04:02) Foreign Investor Flows Are Picking Up And Markets Are Better Poised(06:47) The Costs And Benefits Behind India's Strategy Of Attracting Dollars. (08:06) Gold Prices Are Rising Again(22:38) Why Everyone Is Talking About Forward Deployment Engineers (FDEs)EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
Why is Gen Z choosing loans over credit cards in India? Younger Indians are changing how they borrow, spend and enter the formal credit system, with phone loans, consumer finance and personal loans increasingly becoming their first experience with credit.In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj speaks with Bhavesh Jain, MD & CEO, TransUnion CIBIL, about why Gen Z is choosing loans over credit cards, the rapid growth of consumer credit in India and what changing borrowing behaviour tells us about the Indian economy.India's credit-active population has risen sharply over the past decade. But an equally important shift is taking place in how Indians borrow. Younger consumers are increasingly entering the credit market through phone financing and consumer durable loans rather than credit cards. UPI has also transformed how Indians make everyday payments, while personal loans and point-of-sale financing have given borrowers more alternatives to traditional cards.So are credit cards losing relevance with younger Indians?The conversation looks at why India's credit card market has recently seen slower growth in cardholders, why existing users are accumulating multiple cards and why accessibility and convenience are reshaping consumer finance.Govindraj and Bhavesh also examine the extraordinary rise of gold loans, growing participation by women borrowers, rising formal credit in Uttar Pradesh, Bihar and Madhya Pradesh, and how India's MSMEs are increasingly using working capital loans.They also discuss the bigger economic question behind India's borrowing boom. Credit can fuel consumption, entrepreneurship and economic growth, but what happens when leverage among younger borrowers rises too quickly?Watch the full conversation for a data-driven look at Gen Z borrowing, credit cards in India, consumer loans, UPI, CIBIL scores, gold loans, MSME credit, financial inclusion and the changing Indian economy.Chapters(01:22) The Biggest Credit Trends of the Last Decade(02:13) Why 28% of Indians Are Now Credit Active(02:41) Credit Growth and India's Economic Expansion(03:22) The Shift From New-to-Credit to Existing Borrowers(04:27) Gen Z Is Reshaping India's Credit Market(05:07) Why Young Indians Finance Phones Before Homes(05:55) Business Owners Are Borrowing Personally(07:04) Gold Loans: India's Fastest Growing Credit Segment(08:11) Why Women Are Using Gold Loans for Business(08:38) Women, Gen Z & Credit-Mature Borrowers(09:30) Why Checking Your CIBIL Score Matters(10:36) Credit Growth Beyond India's Metro Cities(11:36) Uttar Pradesh Emerges as India's Credit Leader(13:39) Inside India's MSME Credit Story(14:14) Why 88% of MSME Credit Goes to Small Businesses(14:49) How MSMEs Improved Credit Quality After COVID(16:45) Why Working Capital Loans Are Dominating(17:31) Banks Are Rewarding Low-Risk Borrowers(17:56) India's Massive MSME Credit Opportunity(19:30) Retail Credit Health: Delinquencies & Debt(21:57) Has Credit Growth Become Too Aggressive?(24:10) The Rise of Digital Lending & AI Underwriting(26:59) Why UPI Is Transforming India's Credit Ecosystem(28:13) The Future of Consumer Lending in India(31:00) Can India Reach Developed-Market Credit Levels?(33:00) Building a Credit-Fit India(36:14) Advice for Every MSME OwnerWhy is Gen Z choosing loans over credit cards in India? Govindraj Ethiraj speaks with Bhavesh Jain of TransUnion CIBIL about Gen Z borrowing, consumer credit in India, personal loans, UPI, digital lending, CIBIL scores and changing borrowing behaviour. Watch The Core Report for insights on credit cards in India, financial inclusion and the Indian economy.#GenZ #CreditCardsIndia #ConsumerCredit #DigitalLending #TheCoreReport #TheCore
On Episode 941 of The Core Report, financial journalist Govindraj Ethiraj talks to Sai Giridhar, Vice President at FADA as well as Aviation Experts, Sean Mendis and Sanjay Lazar.SHOW NOTES(00:00) Stories of the Day(00:50) Markets Steady As Traders Wait For A Potential Deal To End The War(03:42) Auto Sales Hit Records, Again. What Is Driving Higher Sales?(12:21) Honda Will Outsource Development Of A New Vehicle To Tata Group Company(13:28) Microsoft Announces New Data Center, Google Faces Opposition For Its Project(15:13) What Should Air India's Priorities Be And What Can The Incoming CEO Bring To That Table?EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 940 of The Core Report, financial journalist Govindraj Ethiraj talks to Aditi Nayar, Chief Economist at ICRA as well as Devender Singhal, Equity Fund Manager at Kotak Mahindra Mutual Fund.SHOW NOTES(00:00) Stories of the Day(00:50) Indian Markets Stay Hesitant As Global Markets Hit Fresh Highs(04:55) Air India Gets A New CEO(05:34) Why India Is Revising Its GDP Projections Upwards(13:51) Indian Auto Industry Body Backtracks On Ethanol Fuel Study(15:26) The Case For Multi-Asset FundsEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 939 of The Core Report, financial journalist Govindraj Ethiraj talks to Sudhir Kapadia, Senior Board Advisor as well as Vaibhav Sanghavi, CEO at ASK Hedge Solutions.SHOW NOTES(00:00) Stories of the Day(00:50) Indian Markets Capture Asian Debt Flows Share(04:12) The Problem With Exchange Traded Funds And The South Korean Example(10:14) Why Fund Managers Have Changed Some Of Their Investment Strategies In The Last Month(20:32) The Government Eases Tax Burden For Electronics Manufacturers Like Apple, Among Other Moves(29:30) Apple To Bring Back A Senior Executive From Retirement For The Hardware DivisionEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 938 of The Core Report, financial journalist Govindraj Ethiraj talks to Madhavi Arora, Chief Economist at Emkay Global Financial Services.SHOW NOTES(00:00) Stories of the Day(00:50) Why Indian Markets Are Holding Steady(04:20) Why The US And Japan Joint Intervention To Prop Up The Yen Is Unusual(08:37) Which Banks Have The Most Clout With NRI Funds And Deposits?(10:07) What Is The RBI's Grappling With, Ahead Of The Credit Policy On WednesdayEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 937 of The Core Report, financial journalist Govindraj Ethiraj talks to Umesh Sharma, CIO–Fixed Income at The Wealth Company Mutual Fund as well as Ashok K Bhattacharya, Editorial Director at the Business Standard.SHOW NOTES(00:00) The Take(05:00) NRIs Bring In Close To $37 Billion, Though The Rupee Is Little Changed(06:35) Foreign Portfolio Investors Are Inching Back Towards India(10:54) Why Bloomberg Has Deferred Inclusion Of Indian Govt Bonds In Its Index(19:08) Is Strong Political Capital Distracting The Government From Focussing On The Jobs QuestionEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 936 of The Core Report, financial journalist Govindraj Ethiraj talks to Amit Pabari, Managing Director at CR Forex as well as Amit Mittal, Director at AeroIntellect Aviation.SHOW NOTES(00:00) Stories of the Day(01:00) Why US Federal Reserve Moves Matter To India(04:08) Mahindra To Double EV Production Capacity(05:07) Why Gold Demand Has Fallen To Lowest In 6 Years(06:11) Despite Some $32 Billion Of Inflows, Including NRI Deposits, Why The INR Has Barely Moved(15:12) How 10 Individuals Control 20% Of India's Wealth(18:01) Indigo Has Completed 20 Years, A Look Back At The Airline And Look Ahead For The IndustryEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 935 of The Core Report, financial journalist Govindraj Ethiraj talks to Sachin Sawrikar, Managing Partner at Artha Bharat Investment Managers. We also feature an excerpt from our latest episode of How India's Economy Works, featuring Electrical Engineer Sudhir Gera, Director of Operations at IEC Electric Power Ltd.SHOW NOTES(00:00) Stories of the Day(01:00) India's Contrast Between Weak Macros And Strong Micros(04:00) IT Stocks Pick Up Pace As Investors Sell Off Global AI Majors(05:19) Did Apple Miss Out On The AI Boom Or Stay Away From It, A Question Every Business Leader Should Ponder(07:17) India Is Holding Back More Solar Power As Capacity Exceeds Transmission Infrastructure(08:41) 46% Of NRI Property Owners In A Survey Are Looking To Sell Their Properties Immediately (10:23) How Are Investors Responding To GIFT City Based Funds?(18:22) How Are India's Engineering Colleges Disconnected From The Job Market?EVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 934 of The Core Report, financial journalist Govindraj Ethiraj talks to Pooja Goyal Sharma, Founding CEO at the Udaiti Foundation as well as Shankkar Aiyar, economic journalist, columnist and author.SHOW NOTES(00:00) Stories of the Day(01:00) Markets Track Oil Prices, Look For Consumption Signs(05:00) Monsoon Revives, Industrial Output Up, The Latest Numbers (07:45) SpaceX Loses $1.2 Trillion In Market Cap, Or Entire Tesla(09:14) The Arithmetic Behind Power And Political Anxiety In Recent Student Protests(17:47) Why Are Urban Women Not Finding More Jobs?(27:53) And The Airport That Is Rated Best Despite No FlightsEVENT: Spotify x The Core's "Building Wealth for a Longer Life" with Saurabh Mukherjea of Marcellus Investment Managers. Register HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 933 of The Core Report, financial journalist Govindraj Ethiraj talks to Prasanna Tantri, Associate Professor of Finance and Executive Director of the Centre for Analytical Finance (CAF) at ISB.SHOW NOTES(00:00) Stories of the Day(01:00) Markets May Have To Wait Longer For AI Unwind(04:51) Amazon, Meta, Microsoft, And Oracle Are Carrying $1.65 Trillion In Debt That Does Not Appear On Their Balance Sheets. (06:09) The Number Of Rs 100 Crore Income Filers Have Quadruped In 4 Years.(07:46) Is The Rupee A Price Or A National Flag?(23:32) How People Are Travelling Vast Distances To Watch 70mm Versions Of Odyssey And Gen Z Is Now The Most active cinemagoing demographic, attending more films per year than their elders. Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 932 of The Core Report, financial journalist Govindraj Ethiraj talks to Sanjay Lazar, Aviation Expert.SHOW NOTES(00:00) The Take(05:29) Tariffs Are Firmly On US Agenda, Fuelling Fresh Trade Uncertainty(07:26) Markets Could Be More Stable This Week Following Pause In The War(08:44) Govt Proposes Allowing Foreign-Funded E-Commerce Firms To Own Inventory And Sell Products Directly For Exports(10:36) Should An Airport Owner Also Run An Airline?Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
Why is India's e-commerce policy holding back growth when its online retail market has already crossed $60 billion? Could clearer regulation, greater foreign investment and better support for MSMEs unlock the next phase of India's digital economy?In this episode of Eye On Retail By The Core Report, an initiative supported by Flipkart, financial journalist Govindraj Ethiraj speaks with Jay Gulish of the US-India Business Council and Ashish Fafadia of Blume Ventures about the policy choices shaping India's e-commerce market.India's e-commerce growth has been powered by foreign capital, technology, logistics and rapid consumer adoption. But private consumption is slowing, policy uncertainty continues and Indian small businesses still struggle to reach customers outside the country.The conversation examines whether India should reconsider restrictions on inventory-led e-commerce, why policy consistency matters to global investors and how a gradual liberalisation of the market could support consumption, competition and exports.The guests also explain why this debate is not only about large online marketplaces. India's MSMEs contribute significantly to GDP, exports and employment, but many remain constrained by high logistics costs, limited credit, weak digital adoption and restricted access to international markets.Can e-commerce help Indian small businesses sell globally? How can policymakers protect kirana stores while helping MSMEs become more efficient, better financed and internationally competitive?The discussion also covers FDI in e-commerce, India's online retail policy, MSME finance, digital commerce, logistics costs, data regulation, cross-border e-commerce and the future of India's consumer economy.Watch Eye On Retail By The Core Report on The Core for an informed discussion on the business and policy decisions shaping India's retail economy.Why is India's e-commerce policy holding back growth? As India's $60 billion online retail market expands, clearer regulation, greater foreign investment and stronger support for MSMEs could unlock digital commerce, cross-border e-commerce, exports and India's wider digital economy. Watch Eye On Retail by The Core Report for insights into e-commerce growth, MSME finance and retail policy.#IndiaEcommerce #EcommercePolicy #MSMEGrowth #OnlineRetail #DigitalEconomy #EyeOnRetail #TheCoreReport #TheCore
On Episode 931 of The Core Report, financial journalist Govindraj Ethiraj talks to Nikit Popli, Partner, Indirect Tax and Incentives at KPMG as well as Shub Bhowmick, Co-founder and CEO at Tredence. We also feature an excerpt from Episode 4 of our Series Eye on Retail in partnership with Flipkart.SHOW NOTES(00:00) The Take(05:57) Stocks Have A Good Week But May Not Survive The Resumption Of War.(06:50) Banking, Reliance Results Come In Strong.(08:54) What Will The 127,000 Crore India Semiconductor Mission 2.0 Outlay Deliver?(16:40) How Does Agentic Commerce Work And What Determines Its Effectiveness? (26:58) Chinese AI Company Moonshot Released Kimi K3 Friday, Claiming Benchmarks Comparable To Top US LLMs. (28:13) Can India's $60 Billion E-Commerce Market Drive Consumption?Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
Why does Dubai still feel like home for Indian wealth? In this episode of The Core Report Weekend Edition, financial journalist Govindraj Ethiraj speaks with Jamil Khatri, CEO of Uniqus Consultech, about why Indian business families, family offices and global investors continue to choose Dubai, and how the India UAE investment corridor is evolving amid geopolitical uncertainty.Jamil Khatri explains why the Middle East's transformation extends far beyond oil, how sovereign wealth funds from the UAE and Saudi Arabia are investing in India, and why Indian companies are increasingly exploring opportunities across the Gulf.The discussion also examines why India continues to attract global capital, what still holds back foreign investment, and why ease of doing business may matter more than tax incentives. Jamil argues that India's biggest challenge is no longer access to capital or global opportunities, but developing the entrepreneurial ambition and risk appetite to build truly global companies.The episode explores India UAE investments, Saudi Arabia Vision 2030, family offices, Dubai wealth migration, foreign direct investment, global capability centres, AI centres of excellence, cross-border acquisitions and the future of Indian businesses overseas.From Dubai's appeal to Indian family offices to the emerging opportunities in Riyadh and Abu Dhabi, this conversation examines where Indian capital is moving and what could shape the next phase of India Middle East business.#Dubai #IndiaUAE #IndiaEconomy #MiddleEast #GlobalBusiness #TheCoreReport #TheCore
On Episode 929 of The Core Report, financial journalist Govindraj Ethiraj talks to Sanjay Notani, Partner at Economics Law Practice (ELP).SHOW NOTES(00:00) Stories of the Day(01:00) Indian Markets Steady Even Global Markets Are Volatile(05:25) Voltas Raises Prices, More Brands Could Follow(06:34) A Lot Of Money Is Locked Up In Security Deposits For Taking Homes On Rent, How Much Comes Back?(08:14) The India-UK FTA Kicked Off On Wednesday, What Are The Early Signs Looking Like?Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 928 of The Core Report, financial journalist Govindraj Ethiraj talks to Mukesh Chand, Senior Counsel at ELP (Economic Laws Practice).SHOW NOTES(00:00) Stories of the Day(01:00) Markets Adjust To Longer War Reality In West Asia(04:31) PayPal sees a takeover bid that could value it more than $50 billion(05:45) The Second Phase Of India's Semiconductor Mission Kicks Off With 127,000 Crore(09:38) NCLT Approved A Record 78 Resolution Plans Under The Insolvency And Bankruptcy Code In The Last Quarter Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 927 of The Core Report, financial journalist Govindraj Ethiraj talks to Economist Ajit Ranade.SHOW NOTES(00:00) Stories of the Day(01:09) West Asia Truce Collapses But Impact On Markets Could Be Lesser(02:58) Direct Tax Collections Are Up 16%(07:28) Electronics Trade Deficit At $8.4 Billion Now Forms 28% Of India's Goods Trade Deficit, With Imports Growing Faster Than Oil(09:22) Wholesale Price Inflation Is Up(10:14) Why Loans For US-Bound Students Have Dropped 57% From The Previous Year(11:03) Why India's Sovereign Bond Yields Are Hiding A Problem(24:23) Check Out Claude's India Pricing Strategy(25:13) Which Way Do You Think Ticket Prices Are Going For The Semifinals And Finals Of The World Cup?Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 926 of The Core Report, financial journalist Govindraj Ethiraj talks to Varun Lohchab, Chief Research Officer–Equities at HDFC Securities as well as Aditi Nayar, Chief Economist at ICRA.SHOW NOTES(00:00) Stories of the Day(01:09) The Markets Hold Their Ground Despite Renewed Fighting In West Asia(04:00) Asian Paints Raises Prices By A Surprising 12% In Sign Of Tail Order Impact(05:13) The SpaceX Stock Debacle, The Story Behind The Story(08:01) Retail Inflation Hits 4.8% As Impact Of Fuel Price Hikes, Food Kicks In(16:05) India's Exports Rose By 15.5 Per Cent To $40.41 Billion In June(17:55) Earnings Season Has Kicked Off, What Lies In Store?Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 925 of The Core Report, financial journalist Govindraj Ethiraj talks to Harsh Gupta Madhusudan, Fund Manager & Chief Equity Strategist at Ionic Wealth, a part of Angel One.SHOW NOTES(00:00) The Take(04:50) Markets Are Savouring The Return Of FIIs And Hope(07:20) India Exports To The UK Are Quite Low And Low Market Share Alone Does Not Signal A Big Opportunity.(10:11) Garments Offer The Biggest Opportunity In India's Exports To The UK But Other Areas Need Work.(12:53) A Structural Long Term View On The Markets.(27:40) The AI World Is Surprising Us By Hiring Graduates Of A Discipline You Would Have Never Dreamt Of.Check out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
Can Jio BlackRock Change How India Invests In Mutual Funds? In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj speaks with Sid Swaminathan, MD and CEO, JioBlackRock AMC, about why one of the world's biggest asset managers is betting on India's next wave of investors and what it could mean for mutual funds, digital investing and portfolio building.India's mutual fund industry has grown fast, but Jio BlackRock believes the country may still be at the beginning of a much larger investing shift. With BlackRock's global investment expertise and Jio's understanding of Indian consumers, the Jio BlackRock joint venture is trying to make mutual fund investing simpler, more accessible and more useful for both first time investors and experienced investors.Sid Swaminathan explains why India's asset management market is entering a new phase. The first phase was about access, getting more Indians into mutual funds through SIPs, digital platforms and easier investing journeys. The next phase may be about outcomes, where investors look beyond basic equity exposure and start building stronger portfolios that can handle rising markets, falling markets and sideways markets.The conversation also explores how Jio BlackRock is using systematic active equity, AI driven investing, BlackRock's Aladdin technology and digital first distribution to enter a crowded mutual fund market. Sid also discusses the Jio BlackRock PRISM SIF scheme, hybrid funds, derivatives for risk management, portfolio diversification, international investing through GIFT City and why India's investment market could grow significantly over the next few years.CHAPTERS:(01:30) BlackRock's India Journey(04:44) BlackRock's Global Investment Approach(06:21) Why Diversification Matters for Investors(08:29) Why BlackRock Partnered With Jio(10:28) JioBlackRock's Market Entry Strategy(14:48) Retail Investors and Direct Digital Growth(17:41) BlackRock's Joint Ventures Beyond India(18:40) Why India Is a Long-Term Market(20:17) How Jio BlackRock Chose Its First Funds(23:16) How Cross-Functional Teams Build Products(24:14) GIFT City and International Investing(25:15) BlackRock's Advantage in Global Funds(26:43) Why Global Investing Needs a Broader Approach(27:24) How AI Could Shape Markets(28:42) What Makes the Prism SIF Different(32:45) Why SIFs Sit Between Mutual Funds and PMS (33:18) How Derivatives Reduce Risk(34:26) What India Can Learn From Liquid Alts(36:33) Why India Feels More Dynamic Than Mature MarketsFor India based professionals, business leaders, financial services executives, consultants and serious investors, this episode offers a rare look at how Jio BlackRock is thinking about India, mutual funds, asset management and the future of investing.Watch the full conversation to understand whether Jio BlackRock can change how India invests, how mutual funds may evolve, and what Indian investors should know before the next phase of India's investing journey begins.Subscribe to The Core Report for sharp conversations on business, finance, markets, investing, the Indian economy and the forces shaping India's real economy.Can Jio BlackRock change how India invests in mutual funds? Watch Govindraj Ethiraj's conversation with Sid Swaminathan, MD and CEO of JioBlackRock AMC, on India investing, digital investing, AI driven investing, portfolio building and the future of asset management. Discover what Jio BlackRock could mean for first time investors, experienced investors and India's next wave of mutual fund growth.#JioBlackRock #MutualFunds #IndiaInvesting #DigitalInvesting #TheCoreReport #TheCore
On Episode 923 of The Core Report, financial journalist Govindraj Ethiraj talks to Tejashree Joshi, Head - Environmental Sustainability at Godrej Enterprises Group as well as G Chokkalingam, Founder of Equinomics Research.SHOW NOTES(00:00) Stories of the Day(00:50) What Signals Are The Markets Really Looking For?(03:46) How India Inc Revenue Grew 11% + In The Latest Quarter And What Drove It?(06:08) India To Prepare For Peak Demand Of 300 GW Next Year, From Around 270 GW This Year(08:16) Extended Discussion on Market Signals with G Chokkalingam(15:26) How Are Manufacturers Responding To Extreme Climate Situations, From Heatwaves To Heavy RainfallCheck out our power tracker https://cleanpower.thecore.in/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 922 of The Core Report, financial journalist Govindraj Ethiraj talks to Raja Lahiri, Partner at Grant Thornton Bharat as well as Nicolas Ziv, Lead Specialist, Transport Sector Resilience at Coalition for Disaster Resilience Infrastructure (CDRI).SHOW NOTES(00:00) Stories of the Day(00:50) Markets Recalculate Impact As Trump Signals End Of Truce(05:00) The RBI Wants A Cryptocurrency Policy That Leans Towards Prohibition(06:57) Its Pharmaceuticals And Cricket All The Way In The Mega Deals Of The Last Quarter(14:25) The Growing Importance Of Disaster Resilience In General And The Importance Of Airports In Specific(23:08) Deepseek Wants To Build Its Own ChipCheck out CDRI's Airport Resilience Tool:https://cdri.world/airport-resilience-tool/For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 921 of The Core Report, financial journalist Govindraj Ethiraj talks to Ajay Bagga, Veteran Market Analyst as well as Radhika Rao, Senior Economist and Executive Director at DBS Bank.SHOW NOTES(00:00) Stories of the Day(00:50) Foreign Portfolio Investors Are Returning To Indian Markets, One Trade At A Time(04:19) Nato Meet Kicks Off In Turkey (04:55) India To Supply Missiles To Indonesia And Partner For A Port(05:48) The Trend Shifts Within Indian Markets As Financial Stocks Lead The Pack(20:26) How Low Oil Prices And Other Positive Macro Signals Could Help The EconomyFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 920 of The Core Report, financial journalist Govindraj Ethiraj talks to C S Vigneshwar, President at the Federation of Automobile Dealers Associations (FADA).SHOW NOTES(00:00) Stories of the Day(00:50) All Eyes On Q1 Results To Provide The Next Booster Shot To The Markets(03:50) The Statistical Argument For India's Market Recovery Versus Other Emerging Markets, Starting With How Beaten Down They Are(06:08) India's Auto Sales Clock Record June Month Even As Dealerships Tackle Blended Fuel Controversy(19:35) Etihad And Saudia Airlines Are Vying For New Boeing And Airbus Aircraft Slots Whose Purchases Air India May PostponeSUBSCRIBE to How India's Economy Works with Puja MehraFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 919 of The Core Report, financial journalist Govindraj Ethiraj talks to Sanket Kulkarni, Head-Business Development (Theatrical) at Ormax Media as well as Vivek Ramji Iyer, Partner and National Leader Financial Services - Risk Advisory at Grant Thornton Bharat.SHOW NOTES(00:00) The Take(04:50) Markets Set For Firmer Week Ahead As Oil And Rupee Consolidate(06:46) Oil Markets Continue To Point To Potential Oversupply And Thus Stable Prices(08:38) Govt Launches Fresh Defense Of E20, Ethanol Blended Fuel(12:42) Gold Loans Are The Second Largest Retail Credit Category After Home Loans And Why Their Growth Is Encouraging And Worrying(20:00) The Surprising Box Office Shift In May Which Saw Bollywood Films Kicked Off The Top 5For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
How Paint Became India's Next Big Manufacturing Story explores why India's paint industry has moved from the background of business news to the centre of a new manufacturing race.In this episode of The Core Report Weekend Edition, Govindraj Ethiraj speaks with Sharad Malhotra, Managing Director of Nippon Paint India, on how paint became one of India's most interesting industrial growth stories. For decades, the sector was seen mainly as a decorative paints business. Now, it is drawing attention from large business houses, private capital, infrastructure players and global manufacturers.India's paint market is estimated at around ₹80,000 crore, but paint consumption per person is still far below developed markets. That gap is creating opportunity across decorative paints, industrial coatings, automotive paints, wood coatings, railways, infrastructure and specialised high-performance products.Sharad Malhotra explains what is changing inside the industry. Why are companies building more factories? Why does India need localised paint technology for heat, rain and extreme weather? And why has competition in the Indian paint market become so intense?This conversation looks at paint not just as a consumer product, but as a lens into Indian manufacturing, construction, infrastructure, chemical value chains, business strategy and India's next decade of economic expansion.Watch this episode for a sharp, grounded conversation on how a familiar product became a serious manufacturing opportunity.Subscribe to The Core Report for conversations on business, economy, markets, policy and the companies shaping India's future.How Paint Became India's Next Big Manufacturing Story shows why India's paint industry is now central to manufacturing, infrastructure, construction, industrial coatings, chemical value chains and business strategy. Watch Govindraj Ethiraj on The Core Report for sharp insight into India's economic future.#IndianEconomy #Manufacturing #PaintIndustry #BusinessNews #TheCoreReport #TheCore
On Episode 917 of The Core Report, financial journalist Govindraj Ethiraj talks to Puneet Pal, Head - Fixed Income at PGIM India Mutual Fund as well as Sanjay Lazar, Aviation Expert.SHOW NOTES(00:00) Stories of the Day(00:50) Falling Oil Prices Lift Markets Again(04:08) How Are India's Fixed Income Markets Responding To Rising Bond Flows?(13:18) Indigo Launches A Lite No Cabin Baggage Fare, Will This Work In A Market Like India?(20:08) Meta Wants To Offer Cloud Infrastructure Like AWS And Azure(21:47) Another Deep Seek Like AI Model Is HereFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 916 of The Core Report, financial journalist Govindraj Ethiraj talks to Anindya Banerjee, Senior VP and Head of Research for Currency and Commodities at Kotak Securities as well as Sohrab Bararia, Partner, Indirect Tax at Grant Thornton Bharat.SHOW NOTES(00:00) Stories of the Day(00:50) Are FPIs Getting Ready To Return To Indian Markets?(03:50) Oil Flows Could Go Into Oversupply Soon, Says Goldman Sachs(05:38) Tiktok's $39 Billion Data Centre Is Coming Up In Brazil(05:57) Where And How Could The INR Land In Coming Months?(14:05) Nine Years Of GST, The Unfinished AgendaFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 915 of The Core Report, financial journalist Govindraj Ethiraj talks to Rajiv Mitra, Food and Dairy industry Expert as well as Puneet Gupta, Director, India & ASEAN Automotive Market at S&P Global Mobility.SHOW NOTES(00:00) Stories of the Day(01:09) Gold Prices Are Falling Even As Stock Markets Are Muted(01:54) India Records Driest June In 10 Years Even As June Monsoons Are At 39% Of LPA(05:20) Deutsche Bank Exits India Retail And Wealth Business(06:35) Can Delhi's EV Policy Be Taken To Other Cities And States?(13:39) Global Air Traffic Was Down 2.2% In May With Middle East Falling Nearly 25%(14:35) The World Is Talking About Proteins, What Are The India Opportunities?For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 914 of The Core Report, financial journalist Govindraj Ethiraj talks to Rahul Matthan, Founding Partner of Trilegal. We also feature bites from our recent Weekend Edition featuring Rajani Sinha of CareEdge Ratings, Somashekhar Vemuri of Crisil Ratings and Manas Majumdar of PwC.SHOW NOTES(00:00) Stories of the Day(00:50) Stocks Fall Again Because Of Monsoon Concerns Even As Rains Pick Up.(03:13) Electricity Consumption Spike Drives Up Industrial Output.(10:43) Most NRI Deposits Into New Schemes Expected From The Gulf Region.(14:02) Residential Sales Dropped 6% In Q2 2026 As Uncertainty Rules. (14:58) Why India Needs A Single Destination For Its Multiple Laws And Rules.For more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
On Episode 913 of The Core Report, financial journalist Govindraj Ethiraj talks to Neil Shah, Vice President-Research & Co- Founder at Counterpoint Research as well as Jayanth Neelakanta, Founder and CEO of Equip.SHOW NOTES(00:00) The Take(04:41) Indian Markets Will Stay Cautious On Oil Price Movements(06:46) A US Judge Ordered The Justice Department On Friday To Justify Its Decision To Drop Criminal Charges Against The Adani Group's Gautam Adani.(07:56) Chipflation Is Here As Companies Like Apple Announce Sharp Hikes, How Worse Can It Get?(19:53) How AI Is Helping Hiring Decisions And What Are The Job Market Trends That It Is Throwing Up(30:21) Australia Is Doubling Down On 6-Month Ban On Child Access To Social PlatformsFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Linkedin | Youtube
Crude Oil Falls Below 73: What It Means for India Economy?.Brent crude oil has slipped below $73 a barrel and that could be a game changer for the India economy. Lower crude oil prices can ease inflation, improve India's current account deficit, strengthen government finances and even create room for lower fuel prices in the months ahead.But is this the beginning of a new oil cycle or just a temporary pause in the West Asia crisis?In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj speaks with leading economists and energy experts Rajani Sinha of CareEdge Ratings, Somashekhar Vemuri of Crisil Ratings and Manas Majumdar of PwC to decode what falling crude oil prices mean for India's GDP growth, inflation, rupee, stock market, fuel prices and corporate earnings.CHAPTERS:(01:35) What Lower Crude Prices Mean for India(05:04) Oil Supply, OPEC and the Risk of Oversupply(07:27) How Crude Prices Affect India's Current Account(09:13) Why Services Exports and Remittances Matter(10:36) When Petrol and Diesel Prices Could Fall(14:05) How Much Pressure Can Corporate India Avoid? (18:48) How India's Economy Is Adapting to Shocks(22:26) India's Oil Supply Diversification (24:38) Demand Management and the Return of Consumption(25:45) Where Private Capex Is Still Happening(28:04) What Could Support the Rupee(29:37) The Two Risks to Watch: Monsoon and West Asia (31:07) Oil, Gas and India's Energy Resilience(32:54) The Broader Economic OutlookIf you follow business news, stock markets, the Indian economy, global energy markets, investing or geopolitics, this conversation will help you understand why crude oil prices matter to every Indian household and investor.Subscribe to The Core for deep conversations on business, economy, markets and policy that shape India's future.Crude oil falls below $73 and the India economy could feel the impact. Watch Govindraj Ethiraj on The Core Report decode what lower Brent crude oil and oil prices mean for inflation, GDP growth, rupee, stock market, fuel prices and corporate earnings, and why the West Asia crisis still matters.#CrudeOil #IndiaEconomy #OilPrices #BrentCrude #TheCoreReport #TheCore
India's stock market through a bottom up investing lens is the focus of this episode of The Core Report Special Edition, where financial journalist Govindraj Ethiraj is in conversation with Rakesh Vyas, CIO & Portfolio Manager at Quest Investment Managers.Where will India's next stock market returns really come from?Beyond oil prices, geopolitics, inflation, the rupee and global uncertainty, this conversation looks at India's equity market from the ground up. Rakesh Vyas breaks down the sectors and themes that could shape India's next phase of market returns.The discussion covers banks, lending and financialization of savings, along with consumption, premiumization and retail growth. It also looks at energy, power transmission and manufacturing as India prepares for higher demand, more capex and a stronger domestic growth cycle.Can lending become the one sector that connects India's consumption story, energy investment and financial savings boom? Are Indian market valuations fair, expensive or still attractive? And will corporate earnings growth matter more than market hype?CHAPTERS:(01:52) Where Equity Returns May Come From Next(06:45) Why Lending Could Lead India's Financialisation Story (10:26) The Big Shift in Indian Consumption (12:50) Why Premiumisation Is Still Early(14:47) Energy Demand, Power Capex and Transmission(19:05) Why Solar Equipment Stocks Face Pressure(21:31) Why IT Sector Has Been Underweight(24:24) Why IT Services Still Have a Role in AI(25:09) How Lending Connects India's Big Growth Themes (26:36) What Investors Should Expect From Markets (28:14) Are Earnings Finally Set to Recover? (30:31) The Biggest Risks for Indian Markets (32:04) Manufacturing and Exports as the Next Big Opportunity(33:59) Are Indian Markets Fairly Valued?The episode also explores IT services, AI, GCCs, exports, pharma and manufacturing as long term opportunities for India's equity market and the broader Indian economy.Watch the full conversation for a sharper view of India's stock market, bottom up investing, equity market trends and India's next growth opportunities.#IndiaStockMarket #StockMarketIndia #EquityMarket #IndianEconomy #TheCoreReport #TheCore
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