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

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A container ship loaded with stacked containers docked beneath tall port cranes at Kochi, India

Business

India's Import GST Is Growing Four Times Faster Than Its Domestic GST

October's 22.9 percent jump in GST collections is being read as festive demand. The tax collected on imports is growing four times faster than the tax collected at home, and the rupee is part of the reason.

November 2, 2026

A hand pointing at a candlestick price chart with technical indicators on a dark trading screen

Markets

Big Tech's AI Debt Sits on Three Balance Sheets, Not Seven

SBI Research says the Magnificent Seven's debt is up 45 percent to $578 billion. In the companies' own filings, three of them did almost all the borrowing, and two shrank their debt.

November 2, 2026

A container ship loaded with cargo containers docked beneath port cranes

Business

Much of the Scotch Sent to India Ships in Bulk, and the Tariff Cut May Skip It

India halved its duty on Scotch in July. Whether the cut reaches bulk whisky, the form much Scotch takes on its way into Indian blends, is now a live dispute with tax investigators in the room.

November 2, 2026

Gold bitcoin tokens resting on laptop keyboards, with blurred financial charts glowing on the screens behind them

Markets

Who Pays When a Crypto Exchange Is Hacked? Only the Exchange Itself

Binance says it has covered up to 90% of a record $6.3 billion theft from its own money. The users were made whole by a company's choice, not by any system, and an Indian exchange's customers got a very different deal.

November 1, 2026

Close-up of a blue circuit board with small black chips and surface-mounted components

Business

One Month of Korean Chip Exports Beat India's Entire Year of Electronics Exports

Korea's chip exports hit $56.4 billion in October alone. India's whole electronics export year came to $48.0 billion, and it imported $116.17 billion of electronics to get there.

November 1, 2026

Abstract navy grid texture, the house cover background, with no text

Markets

Indian Retail Investors Sold Stocks in FY26 and Put Their Money Into IPOs

Individual investors turned net sellers in the stock market in FY26 after five years of buying, yet their IPO money still rose. The rotation reversed in 2026, and the listing data hint at why.

October 31, 2026

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