The Signal

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

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Markets

SEBI's Anti-Rigging Closing Auction Was Allegedly Gamed Within 10 Days of Launch

SEBI replaced the 30-minute average close with an auction to stop price rigging. Its own order says one firm placed 87 percent of the Sensex buying on an expiry day, and the regulator now proposes pulling derivatives settlement away from the auction.

October 11, 2026

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Technology

Starlink's Real Rival in India Is Jio's Home Broadband, Not Its Cheap Mobile Data

Mobile data costs Rs 7.51 a gigabyte, a price no dish can match. The exposure is home broadband, where wireless lines now add subscribers as fast as every wired line combined.

October 11, 2026

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Business

India's Steel Target Is Easier Than Its Past, but Coal Makes It Harder

The draft policy would nearly triple capacity by 2047, yet it needs a slower yearly pace than India just delivered. The real stretch is the coking coal that every added tonne depends on.

October 11, 2026

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Business

How India Saved Welfare Money It Had Not Yet Spent

NITI Aayog says bad beneficiary records inflate welfare outlays by 4 to 7 percent a year. The clean-ups offered as proof are counted in payments avoided, and PM-KISAN has recovered ₹416 crore in cash against an estimated ₹9,000 crore saved.

October 10, 2026

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Markets

India's Reserves Fell by Three Jio IPOs in a Single Week

Jio's IPO is billed as the biggest India has seen, and it lands as the RBI tightens. Set against the central bank's own operations, the issue is small. The rupee is the bigger story.

October 10, 2026

A row of large industrial fuel storage tanks with railings and a steel staircase, in a muted violet duotone

Markets

Why the RBI Is Taking Oil Companies Out of the Dollar Market

From Monday the RBI will sell oil companies every dollar they need each day, and it has cut speculative hedging room twentyfold. Reserves have grown. The point is to stop the market from seeing the demand at all.

October 10, 2026

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