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

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A close-up of scattered Indian 500 rupee banknotes issued by the Reserve Bank of India

Business

India's Banks Are Funding the Loan Boom by Slowing Their Bond Buying

Bank credit grew 19.3 percent in the year to October 31, yet deposits added more new rupees than loans did. The squeeze is showing up in how few government bonds banks are buying.

November 14, 2026

A rider in a helmet and leather jacket leaning a Royal Enfield twin-cylinder motorcycle through a bend on a tree-lined road

Business

Royal Enfield's Record Quarter Was Capped by Its Factories, Not Its Buyers

Royal Enfield sold a record 376,722 motorcycles in July-September 2026. Dealers still ended Diwali with about a week of stock, a third of normal. The constraint is now the factory, not the buyer.

November 14, 2026

A person in striped trousers and canvas shoes stands beside a yellow bucket holding a flat mop, on a floor where white tiles meet dark wooden boards

Business

India's Gig Levy Counts the Task but Not the Wait

App-booked house help is sold by the hour, but India's new gig social-security levy is pegged to what platforms pay, capped at 5% of payouts. The Economic Survey's own fix, an hourly floor that counts waiting time, is the rule that would reach the gap.

November 14, 2026

Two young researchers in white lab coats at a bench in an Indian college laboratory, one in a face mask handling a sample while the other watches

Business

Most of India's R&D Is Now Done Outside Government

Private performers did 51.8% of India's R&D in 2023-24, up from 33.8% in 2019-20. MoSPI's proposed knowledge accounts start with R&D, so the first thing they will measure is that recent private shift.

November 14, 2026

Cars, taxis and an auto-rickshaw queued in traffic at Connaught Place, New Delhi, beneath colonnaded white buildings and a traffic signal

Business

Over Half the Cars VinFast Ships in India Are Built for Taxi Fleets

Worldwide, VinFast leans less and less on its founder's taxi company. In India, the fleet car that company drives was an estimated 54% of factory dispatches, and no filing says who bought them.

November 14, 2026

A mobile phone tower with antenna panels rising above a line of green trees, with apartment blocks behind it under a grey, cloudy sky

Business

Vodafone Idea Must Triple Its Cash Profit Just to Keep Paying for Spectrum

Vi's spectrum instalments climb from about ₹7,000 crore this year to ₹27,000 crore in FY29, almost exactly the tripled cash profit its turnaround plan promises. The government, its largest shareholder, is on both sides of that bet.

November 13, 2026

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