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Original analysis, derived from public data. India-anchored.

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Monochrome view of modern glass-fronted office towers in Bengaluru, India, seen from below against an overcast sky

Business

TCS Hired 9,279 Workers as Elara Securities Cut Its Target 17 Percent

TCS's Q1 FY27 results split analysts down the middle: one broker cut its price target, another raised it. The company's own hiring, its fastest pace in four years, says more about AI and Indian IT jobs than either note.

July 10, 2026

Mumbai's financial district skyline lit up at night, seen across the water, with several skyscrapers under construction

Markets

SBI Mutual Fund's IPO Rests on a Distribution Edge That Keeps Shrinking

SBI Funds Management is pricing its IPO on the strength of India's biggest bank-branch network. AMFI's own data show direct plans, which bypass exactly that network, have been taking share for years.

July 10, 2026

A close-up pile of Indian rupee 500-denomination banknotes issued by the Reserve Bank of India, lit dramatically from the side

Markets

RBI Defended the Rupee With Dollars It Does Not Yet Have

RBI's headline reserves fell $61.6 billion from their February 2026 peak defending the rupee. Its record forward-dollar book, the bill that has not come due yet, grew larger still.

July 10, 2026

The bow of a large oil tanker cutting through open blue ocean under a clear sky

Business

Russia's Share of India's Oil Imports Hit a Record as the Discount Vanished

Russia's share of India's crude imports broke 50 percent in June, a record, just as the price discount that first justified the switch narrowed to almost nothing. A war that shut the Strait of Hormuz explains why.

July 9, 2026

A customer tapping a bank card on a payment terminal at a store counter while a cashier holds the device

Business

India's Credit Card Delinquency Rate Is Falling Because the Risk Moved Elsewhere

Credit card delinquency, the number everyone watches for consumer stress, keeps improving. That is because the riskiest borrowers can no longer get a card at all, so they get a personal loan instead, and the loan book is absorbing the strain the card book used to show.

July 9, 2026

A hand holding a smartphone displaying an incoming call screen with a slide-to-answer prompt

Technology

The Spam-Free Number Series India Built Is Now Full of Spam

TRAI reserved the 1600 number series for government and BFSI callers and legally barred apps like Truecaller from flagging it as spam. Truecaller's own data says spam moved in anyway, and by law, nobody can tag it.

July 9, 2026

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