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As the logistics firm plans to pour IPO money into new warehouses and long leases, incumbents are squeezing returns from assets they locked in when land was cheaper, and rents were lower
The Walmart-backed company commands nearly half of India’s digital-payments landscape. But its financials trail its smaller, listed rival
The IT services firm is seeking a secondary listing to match the valuation of its Indian rivals. But logistical and regulatory challenges lie in the way
Ather Energy, Toyota Kirloskar, and JSW Group are driving a shift as higher costs and scarce land begin to slow expansion and strain component supply
The company’s valuation has jumped 5X in five years by making what no one else is and selling where it works best
The Goa fire tragedy in December highlights the risk of millions of employees being deprived of their provident fund dues
What stands between employees creating generational wealth through stock options is their own ‘zone of frustration’ and companies’ tight Esop rules
The share of AIFs and PMS in rich investors’ portfolios may have risen, but wealth managers dare not arrive at their doorstep without a reference
The government wants agri universities to teach natural farming to get students industry-ready. The concept is yet to gain ground, though
Demand for defence equipment is through the roof. This Bengaluru-based military-tech firm’s IPO, however, is designed for its promoters and investors to cash out
The Digital Personal Data Protection Act has created a frenzied market for startups and established companies to help enterprises comply with the law. But there’s a fight brewing over who gets to play
As one of the first PE-backed edu-infra platforms, Elevate Campuses, prepares to go public, its draft papers offer direct insight into how private-equity firms squeeze money out of schools
Investors fell for their earlier promise of better-than-MF returns. They’re now questioning fees, chasing direct deals, or co-investing to bypass fund structures
The sportswear giant is building its own two-hour delivery channel to test whether a model marked by try-and-buy returns and idle riders can scale beyond startups
More than it takes to avoid fixing them. The system logs failures, deducts payments, and moves on
The likes of Dixon, Syrma SGS, and Amber Enterprises continue to spend less than 1% of their revenue on R&D, nowhere close to what Chinese companies spend
Tax breaks brought companies to Gift City. Startups will follow only if the financial hub can match Delaware and Singapore on speed, certainty, and investor comfort
There’s no one-size-fits-all. First principles, asset allocation, and your own context matter more than the number itself
Here are some of the episodes—across our six different podcasts—that listeners loved
Here are the ones—whether it’s The Nutgraf, Long and Short, or Trade Tricks—that you didn’t expect
Here are some of the visual stories that augmented our deeply reported articles
Here are some of the conversations that guided readers through systems—and industries—that had reached their limits
A peek into The Ken’s markets yearbook 2025
Here are some of the stories where The Ken’s writers hit the road for reporting
Here are the stories that our subscribers read and shared the most in 2025
India’s largest hospital chain is using a paid subscription programme to keep customers inside its extensive stable of healthcare services
The Sequoia-backed cross-border remittance startup Aspora wants to win over 15 million NRIs at all costs, and it has to decide which cost it wants to bear—regulatory or cross-border realities
Zachariah George is banking on a unique investing strategy in a continent feared by many for its chaos. It may well backfire
Holtec International plans to build a network of 200 small modular reactors across India. The problem: there are only two such operational plants around the world
Over five years, it became an outlier in Indian IT, compounding shareholder returns while navigating a founder-to-external-CEO transition that most peers struggle to pull off
A new development model is taking hold in the south—clusters, corridors, and statutory machinery that create tech cities by design, not accident.
Fund of funds for startups 1.0 has been wracked with long delays, lack of transparency, and bureaucratic rigmarole. FFS 2.0 isn’t acknowledging any of it
India’s largest flight operator created a culture of neglect, squeezing its pilots of their time. It still wants to fly high on their backs
Short of faculty and strapped for money, public universities are hiring a great many guest teachers to plug the gap. Much to the chagrin of academics and students alike
Not B2B, not B2C, Nitara’s Manish Jain is betting on 80 million farmers and his F2F platform to correct the dairy market asymmetry
Building parts for Airbus and Boeing gave Aequs 90% of its revenue. To hedge risks, it’s now tilting toward making more frying pans, casseroles, and toys
The Supreme Court’s recent guidelines and a state’s AI mandate hint at a fragmented overhaul—one testing whether tech can cut through decades of procedural drag
The January 2026 launch of a seemingly innocuous large-cap scheme has turned contentious, shining the spotlight on the storied fund house
The little robot companion valued at $550 million seems to know it all. But has it figured out the economics of children’s tech?
Myntra’s CEO turned the online fashion retailer profitable. But it’s only a stepping stone to charting her legacy at Flipkart
After decades of poor literacy, high crime rates, and shaky politics, the rise of UP as an electronics-manufacturing hub is riddled by an imbalance
Perplexity’s AI drills, Google’s real-time translation, and India’s own Airlearn and Multibhashi are reshaping the market Duolingo now must defend
The financial-services firm’s Rs 10,000-crore investments in its own products, an exception among its peers, can cut both ways
Grocery lost, quick commerce gone; yet, Amazon’s three healthcare bets still won’t shift gears
From product tags to affiliate links, Youtube Shopping handles all of it—leading to 40% of eligible creators using it within a year
Atal Incubation Centres promised a startup ecosystem. What founders got was a chair and a checklist
India’s EV players have been talking about decoupling from the Chinese supply chain ever since Beijing restricted rare-earth exports. They aren’t adopting homemade alternatives, though
India's largest payments bank broke the payments-bank curse and is making a play to grab a share of UPI transactions from the big banks. But it should be careful what it wishes for
The company’s turnaround wasn’t just about seemingly counterintuitive choices, but also about embracing the unexpected
The biggest anchor investors among mutual-fund schemes—even in costly and losing IPOs—are delivering on what investors want most
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As India’s best-known social-sciences institute churns out courses to please the market, it’s neglecting what built its legacy. To the detriment of students
The chaotic, argumentative culture at Avendus risks clashing with the quiet, composed one Mizuho embodies
Alakh Pandey kept control while rivals surrendered it. Here’s why public markets will now test his capital-heavy pivot
After instant delivery became par for the course, the platform is betting big on value—slashing its delivery fees to zero and offering discounts across categories
The Dutch investor exited Makemytrip before the latter’s stellar post-Covid rally. It’s now hitching its travel-tech hopes to a latecomer
From Bengaluru to Mumbai, cities are adding e-buses faster than they can wire up depots. And neighbourhoods are feeling the drop
The fintech giant is going public with deep enterprise roots and a strong EMI play. For investors, past success may not be enough
Keeping dealers and customers happy hurts the AC maker’s profitability. An imminent energy-rating change and a weak summer fused it out
Other income, one-offs, and adjustments dress up the bottom line of many new-age companies. Caveat investor
The carmaker’s cheap pricing plan got Indians interested in EVs. But to keep them hooked, MG has to avoid becoming a one-trick pony
In spite of its seven-minute loans, agri-tech startup Arya.ag—by co-founders Anand Chandra, Prasanna Rao, and Chattanathan Devarajan—has been unable to stop farmer savings from shrinking to zero
India’s AI boom depends on global models. Its competition watchdog is still figuring out how to regulate them
The 2017 decision cut their margins. In 2025, they are finding their groove—with 10 new cardiac devices
From teacher training to confusion in classrooms, CBSE’s big bet on artificial intelligence begins with a human problem
Since buying a majority stake in the company in 2023, Carlyle has expanded its retail footprint in an attempt to turn an existential threat into an advantage
Theatres cost more than ever to run. India’s biggest cinema chain thinks it’s cracked a cheaper way to grow
RBI’s got its guard up on AI lending, but when it comes to marketing, banks like HDFC and Kotak are going full throttle
100 founders, 600 students, 50 faculty members, and Rs 1,500 crore in capital: Plaksha is moving beyond product-market fit
And no, it’s not a Gen Z thing
The Ken digs into RRP Semiconductor’s bizarre spike and the curious claims of RRP Electronics behind it
Roughly 40% of the global automotive OS market depends on the Canadian firm’s software, QNX. Blackberry’s resurgence is due in no small measure to its India R&D centre
Tiruppur exporters for Walmart, GAP, and Carter’s are moving from the US to Europe, and reinventing the way they make, move, and sell.
Pension fund managers now bet on higher retail participation and bigger returns. But low awareness remains the retirement-savings scheme’s biggest hurdle
An expected 25X jump in revenue masks the dependency behind the maker of a once-dominant smartphone brand
In two years, Gujarat-based Doms has gone from half to two-thirds of ITC’s stationery sales. At this rate, it won’t be long before it zooms past
The electronics giant’s distribution might is the envy of its peers. But selling pricier products could force LG, fresh off a dream IPO, into rejigging its ties with retailers
Gold is more out of consumers’ reach than ever. But Malabar has bigger worries: simplifying its business model and ownership maze with 4,000 investors
Lenskart’s Rs 1,000 glasses are a product of plastic lenses and acetate frames, moulded together in a vertically-integrated business—but the pitfall of lower prices is lower quality
From Gurugram to Navi Mumbai, states are competing to host “world-class” campuses from the UK and elsewhere. But the promise of imported prestige may not buy better education. Or jobs
Peel back the numbers, and the discount broker’s stellar show isn’t quite what it seems to be
After Star Health suspended cashless services at chains like Max and Medanta, the two sides are set to meet on 9 October to hash out their differences
The visa-fee hike was supposed to be the turning point for these offshore units. But handing over power isn’t easy for US firms
"You'll always have us"
A tangle of approvals, high costs, and looming DPDP rules means the race could leave many smaller players sidelined before the first server even spins up
Investors have fallen out of love with Ola’s ride-hailing business. But its founder’s reluctance to let go and a host of internal troubles are stopping them from breaking up
Even before Asia Motor Works was liquidated, Anirudh Bhuwalka started Blue Energy Motors—a trucking company that bets on LNG when others are going electric or hydrogen-based
One in five IPOs may be happening here, but Indian bourses can’t value pre-revenue or intellectual property-driven companies. Ask Vyome Therapeutics and SSI International
Thriving in a business dominated by the likes of Axis and JM Financial meant taking the fundraising pitch beyond the promise of just finding investors
CG Power, a beleaguered company the 125-year-old group bought in 2020, could soon be its flagship, which has implications for the family and investors alike
The global GenAI giant wants to capitalise on Indians' love for the chatbot. But for schools, it means more beta tests and a careful adoption strategy
Third and fourth generations are sidestepping the hassle of running family businesses in pharma, manufacturing, textiles—by taking up investing full-time
Big names, numbers, and narratives don’t equal big returns
The removal of 80C deductions and the like has pushed households away from pensions, provident funds and insurance into riskier bets
The world’s largest back office may yet remain a back office—training the very machines that will take its place
The Freshworks founder switched roles to be a venture capitalist at Together Fund. Here, with his partner Manav Garg, he wants to find a $100 billion Indian AI firm
The tussle for control between the investor-backed management and founders Darshan and Dipam Patel has thrown Vini Cosmetics into chaos
The home-services company is getting its technicians to market and sell its products, too. So far, the strategy has worked and investors love it. How long before it jumps the rails?
The likes of Deloitte and EY are exploiting the cracks in tech-services companies’ business to grow—by hiring more than half their partners from “industry”
The company reinvented itself under one CEO and streamlined operations under another, grew its daily orders to six-figures, finally turned profitable, and then raised $200 million
Artificial sweeteners are cheaper, easier to handle, and indistinguishable to most consumers. In chasing Campa Cola downmarket, the cola giants stumbled onto a far more profitable formula
Companies are betting big on selling cheaper alternatives to branded medicines. But the quality standards are patchy and there’s no way to assess their impact on patients
Gaping holes at the top are just the latest of NSDC’s myriad troubles. Its real issues may be more structural
The 30-year veteran at Kotak Institutional Equities speaks of the disconnect between the market fundamentals and the high valuations that stocks command now
Consolidated tech platform, strong distributor network, strategic diversification—the company has a lot going for it. Regulations and an overvalued market could prove a dampener, though
The self-described “buyer-first” intelligence company wants to help sellers crack the buyer code, and with McKinsey and Amazon Web Services already signed up, IT services is Humantic AI’s next big target
One-fourth of Nuvama’s income comes from holding assets for clients such as Jane Street. Now that the trading firm is out of the ring, the company could do better by focusing on wealth management
With the launch of Amazon’s internal AI tools—Amazon Q and Cedric—document writing at the company risks erosion
Once a model for niche B-schools, the institution is being rebranded and expanded into a central university with 300 affiliates. Not everyone is convinced
Vietnam’s largest automaker has picked India as its second chance. By targeting smaller cities, flipping the sales model, and building its own charging grid
Falling budgets, lower salary hikes, and shrinking student numbers—this is what PE acquisitions bring to Indian schools
Changes are afoot in not just what the FMCG major sells, but also how. Smart TVs offer a clue
A ban meant to curb addiction has wiped out the business model behind India’s hottest payment aggregators as well as fintech lenders
The three-decade-old fund house from one of India’s best-known business groups still lags far behind similar-vintage peers. Closing in on them requires shifting gears
As trade between India and the UAE crosses $100 billion, the Gulf country could well overtake China to become India’s second-largest trade partner
The tech giant fell behind in the GenAI race. It’s now planning to make up for lost time not just by releasing more consumer-facing models, but also by playing to enterprises’ needs
The $465 million-valued company is betting on silver in India’s $57 billion jewellery market. But building scale poses the same hurdles as gold
Why did Peyush Bansal do what few can: claw back stake from investors before going public?
Nearly 25,000 students fly out of India every year to pursue medical degrees. It isn’t as easy to return home and practice medicine, though
Wealth managers are scrambling over each other to win AUM. But older players have one significant advantage over newer ones
Zomato has pulled far ahead in quick commerce. The other rivals are in no mood to slow down. Majety knows radical change is non-negotiable
With Maruti Suzuki’s board giving the automaker the go-ahead to enter advanced air mobility last week, the race to rule the skies is heating up
Unlike in the US, most quant-based mutual funds in India are plagued by an inability to scale, middling returns, and a shallow talent pool
The 79-year-old IT firm is capitalising on India’s crypto-tax arbitrage, offering investors Bitcoin exposure without incurring Bitcoin taxes. It’s clever. It’s legal. And it may not last
Market research shared exclusively with The Ken suggests that semaglutide will see an 85–90% price drop as it goes off patent in 2026, opening up a $2 billion market by 2030
Keeping costs low is a priority for the bootstrapped company—now, even more so, when cloud and AI costs are inflating SaaS prices
The frenzy in to-be-listed shares is booming, and so are the platforms selling them
With an IPO around the corner and 40% of its revenue from overseas markets, Lenskart is a case study in how an Indian retailer can go global
On average, over 35 startups shut down every day in India. Employees move on to their next stint, but most founders find themselves unemployed, thanks to their high pay and a leadership attitude
Newer IIMs publish every conceivable statistic—from the highest salary to the number of recruiters—except the figure students most care about: those who landed a job
The Rs 42,000-crore company is showing signs of strain—rainmakers are exiting, rivals are circling, its star backer wants a slice of the pie, and discontent is bubbling under the surface
The veteran Amazonian has taken up the reins of the company’s India business to boost profitability and bring seriousness among the workforce
India is among the world’s top coffee producers, yet cafes don’t quite make a strong business here. Zepto tried to rewrite the rules and learned the truth the hard way
Fund houses are coming out with trendy new thematic funds, but they’re vaguely defined, overlap with large-cap holdings, and don’t always deliver on returns
The VC firm will likely rake in billions from long-awaited IPOs. But just as the wins roll in, top partners are walking out, internal tensions are mounting, and its global AI ambitions are raising more questions than answers
The Big Four is ramping up tech consulting. It’s the perfect window for frustrated veteran partners to walk out of EY India
Priced above Syngene, the first mover, and below Cohance, the PE play, Anthem’s offer-for-sale captures the zeitgeist
Zepto’s pricing, Swiggy’s nudges, Amazon’s tricky buttons—dark patterns have become default UX. But with a September deadline coming, companies may finally be forced to clean up
Microsoft, Google, Amazon—everyone has a chatbot of their own. Why would anyone care for Yellow.ai’s solution then?
One turned into a fast-scaling cloud-kitchen aggregator with Rs 775 crore in revenue. The other burned Rs 850 crore chasing fitness as a lifestyle
It’s a great time for Prudential to sell a stake in India’s most profitable fund house. But why sell the goose that lays the golden egg?
From Bessemer to Blume, investors can’t help being drawn to entrepreneurs with a not-so-storied past
Rising private-equity investments—like IVI RMA’s recent acquisition of ART Fertility Clinics—are fuelling the growth of IVF in India; but it’s coming at a cost
Globally, virtual currencies are back in the limelight. In India, UPI transactions hit record highs almost every month. Yet, the value of cash in circulation has gone up by Rs 2 lakh crore
After muscling out Dreamfolks from the lounge business, Adani is now redrawing the rules for every brand operating inside its airports
Companies prefer degree holders over a skilled workforce. Their software, too, is rigged to filter out the latter. Result: soaring college fees and a distorted talent market
Everyone else has tried—and failed—to make third-party industrial-commerce work. JSW One thinks its logistics muscle and credit backbone can do the job
The company gains exposure to US-focused SaaS companies by investing up to $1 million in PE funds. Back home, it's on a shopping spree to broaden services
Climate change has only exacerbated Kashmir’s saffron economy that suffers from market fragmentation, quality dilution, and empty government promises
The government’s budget tax revisions were supposed to help fixed deposits grow. But investors found a loophole to divert money into funds that rely on market arbitrage
Orkla’s IPO is up against a regionally-fragmented spice market, where each state has its own unique spice blends
Tata Motors is making the most of India’s PLI scheme. Helping it stay ahead is an associate firm, Tata Autocomp, that has found external partners to build each component locally
The nearly 30-year-old Sahyadri Hospitals has seen three owners change hands so far. Yet, it’s profitable, trusted among patients, and is a steal for new bidders
New India Assurance’s premiums are rising, but so are its problems. The math isn’t adding up
A $14 billion Meta-Scale AI deal has brought sudden visibility to the white-collar gig economy powering OpenAI, Google, Anthropic, and others
Deeply negative cash flows and continued sales pressure raise serious questions about the sustainability of the electric two-wheeler maker
As the government tightens its purse strings, IIMs have turned to exorbitant undergraduate programmes to stay afloat
Everyone saw it coming—insurers, microinsurance, even healthcare trackers. But it’s a self-made crisis
Deep-tech funding has no playbook, says Speciale’s Vishesh Rajaram, who’s taken some of the boldest bets. This is also a reason why big VCs don’t play this game
More money is chasing fewer deals. Returns are falling. Banks could be back as rivals. Private-credit funds are bound to make mistakes
The hyperbole that secured the entrepreneur a storied exit from Whitehat Jr may not serve him well for coaching cancer patients
Turning away from heavy promotions in a bid for prestige hasn’t been enough to fend off its struggles
Unless China clears shipments soon, Indian EV production could stall by mid-July
Sebi’s probe into the US-based hedge fund’s trades over three years adds grist to the options trade manipulation mill
Humbled by store closures and layoffs, fashion retailers are turning over a new leaf to draw shoppers back
Licensed investment guides, or what remains of them, mostly cater to the rich, as complying with regulations means incurring substantial costs. Fintechs like ET Money and Value Research may have a solution for the lot left behind
With several U-turns in strategy, the electronics retailer is a victim of the internet company’s endless quest for relevance
India’s target of 250 million smart meters by 2025 has been plagued by slow execution, delays in subsidy disbursals, and a general lack of will on the part of discoms
India’s exchanges, drowning in draft prospectuses, have deputised AI as their first reader. Speed is up; what else can they do?
The company with Rs 2,500 crore in annual revenue on the cusp of being a unicorn was sold to Delhivery for a paltry Rs 1,400 crore—a slanted deal by any standard
MakeO’s aligners promise perfect smiles at a fraction of the usual price—but behind the Instagram gloss lie surprise charges, FDA claims, and a $270 million valuation in freefall
Tired of relying on insurers, the company has ambitions of becoming one itself. For now, though, it relies on a workaround to keep selling health insurance and wellness services together
Like other plagiarism-detection software, Drillbit is grappling with the shift from plagiarism- to AI-detection. Especially as LLMs keep evolving by the week
Ethos has snagged almost 40% of the fast-growing luxury watch market in India, out-retailing even big corporate houses like Tata’s Titan
The carefully choreographed IPO dance by India’s largest stockbroker could end on a jarring note for public-market investors
Under Walmart’s growing impatience, the CEO struggles to hold together the e-commerce giant’s leadership as execution falters, and rivals emerge and surge ahead
AI is opening up a bundle of contradictory experiences for India’s workforce, blurring multiple lines
Neo Group, within four years of operations, already has Rs 40,000 crore worth assets under advisory—thanks to an audacious payout model, backers like Peak XV and MUFG, and poached talents
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