The Morning Brief
The Morning Brief is a thrice-weekly podcast by The Economic Times that breaks down the week's most important stories in business, economy, politics, and markets. Journalists from the ET team chat with reporters and industry leaders to provide insights and analysis. Episodes are released on Tuesdays, Thursdays, and Fridays.
Episodes
India's Food Regulator Is Done Being Quiet
Misleading packaging, restaurant inspections and scrutiny of the kitchens behind your delivery apps: FSSAI is sharpening its enforcement. ET's FMCG editor Ratna Bhushan talks to FSSAI chief Rajit Punhani about holding food businesses accountable, taking regulatory action public, and the proposed changes that could help consumers know more about what they buy. Listen in:See omnystudio.com/listener
Why Airfares Are Rising: The War, Costlier Fuel and Fewer Flights
Airfares are rising just as the festive travel season approaches. ATF prices have jumped sharply in recent months, while a weaker rupee is adding to airlines’ fuel costs. At the same time, fewer flights and slower aircraft deliveries are tightening capacity even as demand picks up. In this episode, Host Anirban Chowdhury speaks to ET's Forum Gandhi, about what is driving the surge in airfare
GST Council: Will Consumers Pay Less?
Ahead of the GST Council meeting, Bipin Sapra, Partner and Indirect Tax Policy Leader, EY India, explains to Anirban Chowdhury the proposed changes to input tax credit, refunds, exports and e-way bills—and what they could mean for business costs, working capital and consumer prices. These are expected changes, not final decisions.Tune in:See omnystudio.com/listener for privacy informat
Flydubai Incident: Can Aviation Security Stop the Threat From Within?
The Flydubai incident has raised a difficult question for aviation security: what happens when the threat comes from within the aircraft? As investigators work to establish the facts, the incident is already forcing a rethink of how airlines identify and mitigate insider threats.Host Anirban Chowdhury speaks to aviation security experts Arik Arad and Shannon Wandmaker about the vulnerabilities exp
Fireflies’ Krish Ramineni on AI Teammates and the Future of Knowledge
AI is moving from experimental technology to an increasingly powerful part of everyday work. At The Economic Times World Leaders Forum, Krish Ramineni, Founder and CEO of Fireflies.ai, joins ET’s Himanshi Lohchab to discuss AI agents, the future of knowledge work, India’s AI opportunity, and why falling AI costs could dramatically expand its adoptionTune in.You can follow Himanshi Lohc
US-China Thaw and India's Leverage:
Xi Jinping has sat across the table from both Narendra Modi and Donald Trump within two weeks. For years, a more assertive China pushed India closer to Washington. But what happens if the US and China learn to manage their rivalry? On this episode of Morning Brief Decode, Pranab Dhal Samanta, National Editor (Politics) at The Economic Times explains to Anirban Chowdhury whether the reset is really
ECI: Who controls India's voter list?
The independence of India’s Election Commission rests on a constitutional framework that gives it wide powers — but questions remain over how that independence works in practice. On The Morning Brief, host Neil Ghai speaks to ET’s Anubhuti Vishnoi on the changing appointment process for Election Commissioners, the internal friction within the poll panel and the impact of electora
Sahil Wakode and IIT: Status, Strictures and Shortcuts”
The investigation into the death of IIT Bombay student Sahil Wakode is examining competing allegations and evidence. But beyond the immediate case lies a broader question: what are India’s premier institutions really preparing students for? On The Morning Brief, host Anirban Chowdhury speaks to BITS Pilani Group Vice Chancellor V Ramgopal Rao, former JNU professor Rajeev Kumar and ET’s
McKinsey’s Cheryl Lim on Asia’s New Leadership Model, AI and Talent
What makes some CEOs and founders successful? At The Economic Times World Leaders Forum, Cheryl Lim, Partner at McKinsey & Company, joins ET’s Anirban Chowdhury to explore the mindsets and behaviours that drive long-term value creation, how leaders balance big ambitions with disciplined execution, and what it takes to build organisations that can sustain growth.Listen InYou can follow An
India’s Great IPO Rush: How Much Is Too Much?
India’s IPO market has hit the accelerator. After just 27 mainboard IPOs in the first half of 2026, July-September alone is seeing 61 issues worth roughly ₹88,000 crore. And the pipeline is staggering: 148 companies with SEBI approvals worth ₹2.8 lakh crore are waiting to tap the market. Anirban Chowdhury speaks with ET markets editor Nishanth Vasudevan about what triggered the boom, w
Ashwini Vaishnaw on Semiconductors, AI Risks and Techno-Legal Regulation
India is scaling its semiconductor ecosystem as AI development accelerates—and both are raising new questions around technology, investment and regulation. In this Corner Office Conversation, Electronics and IT Minister Ashwini Vaishnaw speaks to ET’s tech editor Surabhi Agarwal about Semicon 2.0, global investment in India, electronics manufacturing and the country’s value-addit
Meta Will Report CSAM to India, But Who Fixes the Feed?
Meta has agreed to report child sexual abuse material directly to Indian authorities, rather than routing alerts through America's NCMEC. But does reporting stop algorithms amplifying such content in the first place? On the Morning Brief, lawyer Sajan Poovayya explains why Meta had little choice under POCSO and its 2020 Rules, why reporting is neither an admission of guilt nor a privacy breach, an
Sun Life’s Kevin Strain on FDI, Bancassurance and More
India has opened insurance to 100% foreign ownership. But Sun Life CEO Kevin Strain says ownership is less important than building the right business—and that the company currently works better alongside the Aditya Birla Group than alone. In this conversation from the Economic Times World Leaders Forum, Strain explains to ET’s banking editor Sangita Mehta why Sun Life’s India ins
The Vanishing Footpath Economy
Every morning in Mahim, Vijay Raut sold cutting chai to taxi drivers, construction workers and bank staff, until the BMC's pavement drive took away his stall. Now he serves from a flask. He's not alone: across Mumbai, Bengaluru and Thiruvananthapuram, street vendors are caught between clean-city drives and a system that never gave them secure space. In this episode, we look at India's Rs 8,000 cro
Why Volkswagen Needs JSW
Volkswagen is one of the world’s largest carmakers, yet has less than 2% of India’s passenger vehicle market. Its proposed partnership with JSW could mark a striking reversal: JSW may own 51% of the venture, leaving the German giant as the junior partner. Anirban Chowdhury speaks to ET’s Arijit Barman and Shally Seth Mohile about what each side gains, why JSW wants European
UPI MDR Is Back: The Hidden Cost to You
UPI is no longer entirely free. From October 15, merchant payments above ₹2,000 will attract a 0.4% MDR, while smaller transactions and person-to-person transfers remain exempt. But if merchants cannot surcharge customers directly, where does that cost go? IIT Bombay’s Professor Ashish Das tells The Morning Brief why businesses may quietly fold it into prices, forcing small-ticket shoppers t
Bain’s Manny Maceda on the End of Globalisation, India’s Opportunity and the AI Reset
The multinational is giving way to the multi-local, as tariffs, geopolitics and supply-chain risk force companies to rebuild around regional roots rather than one global blueprint. In the latest Corner Office Conversation from The Economic Times World Leaders Forum Bain & Company Global Chairman Manny Maceda tells Anirban Chowdhury what this fragmentation means for India's shot at becoming the
Bastar After The Gun
Chhattisgarh has declared an end to armed Maoism in Bastar, but the ground reality is far more complicated than a deadline. Over 1,000 surrendered cadres remain in rehabilitation centres while 1,800 others have already returned to their villages — some welcomed, others met with deep, unhealed anger. In this episode, based on Shantanu Nandan Sharma's on-ground reporting, we travel through Suk
Why Are Banks' Corner Offices Suddenly Up For Grabs?
HDFC Bank's Shashidhar Jagdishan is stepping down, Kotak Mahindra is searching for Ashok Vaswani's successor, and ICICI's Sandeep Bakshi has taken just a two-year extension. In this episode, Anirban Chowdhury talks to ET's Banking Editor Sangita Mehta about the wave of CEO exits hitting India's biggest banks through 2028, what really went wrong at HDFC, whether Deputy MD Kaizad Bharucha can take o
Publicis Sapient’s Nigel Vaz on AI, the Future of Work and India’s Opportunity
AI is reshaping how businesses work, but the biggest shift may be how humans and technology work together. At The Economic Times World Leaders Forum, Nigel Vaz, CEO, Publicis Sapient, joins Dia Rekhi to break down the “Iron Man” approach to AI, why enterprises need to reimagine how work gets done, and where agentic AI can create real business value.Listen InYou can follow Dia Rekhi on
India’s 7.8% GDP: The Number That Doesn’t Add Up
India’s latest GDP estimate shows the economy growing at 7.8%. Rajeswari Sengupta, associate professor of economics at the Indira Gandhi Institute of Development Research is unconvinced. She tells Anirban Chowdhury why weak job creation, subdued investment, falling import volumes and an unresponsive stock market sit uneasily beside the headline number. She also explains why a low GDP deflato
J.P.Morgan’s Anu Aiyengar on Mega Deals, AI’s Banking Reset and the India Bet
ET opens its World Leaders Forum podcast series with Anu Aiyengar, global chair of investment banking, J.P.Morgan. In conversation with Anirban Chowdhury, she explains why uncertainty is driving—not deterring—big-ticket deals, and why companies are buying scale, stability and resilience. She examines the risks posed by rising yields, inflation and oil, the curious leeway investors are
ET Deep Dive: When Development Turns Disaster
Climate change is making extreme weather more frequent and unpredictable. But are we making its consequences worse? Across the Himalayas and the Western Ghats, glaciers are collapsing, rainfall patterns are shifting and landslides and flash floods are becoming increasingly destructive. At the same time, roads, hotels, hydropower projects and settlements are pushing deeper into fragile landscapes.
Subrata Mitra on India’s VC Reset, the AI Capital Race and What Comes Next
What does one of India’s original venture capitalists see coming next? Accel’s Subrata Mitra speaks to Anirban Chowdhury about a funding market moving from exuberance to discipline—and an AI boom whose economics remain deeply uncertain. He explains why India cannot fight a trillion-dollar foundational-model battle with a fraction of that capital, and where its more credible oppor
HDFC Bank’s CEO Hunt
HDFC Bank is staring at an unusual leadership vacuum. CEO Sashidhar Jagdishan is set to leave in October, even as India’s largest private sector bank grapples with slowing profit growth, squeezed margins and the lingering impact of its mega merger with HDFC Ltd. Who could take over — internal heavyweight Kaizad Bharucha or an outsider? And can a successor even be found in time? Anirban
Subhash Chandra’s Insolvency Maths
Subhash Chandra’s latest insolvency battle has produced a startling equation: ₹22,006 crore in admitted claims against just ₹6.25 crore for creditors. But the headline hides a more complicated story. These claims largely arise from personal guarantees for corporate borrowings, even as major lenders question the repayment plan, creditor voting and what happened to Chandra’s once-vast pe
What It Really Takes To Vibe Code
ET’s Swathi Moorthy cannot code. Yet she has built four web applications using AI. That is the seductive promise of vibe coding: describe what you want and let the machine build it. The reality involves muddled prompts, unreliable advice, stubborn bugs, confusing backends, hosting headaches and subscription bills. In this episode, Moorthy joins Anirban Chowdhury to explain how a non-coder ca
From Insurgent to Establishment: The Trilegal Story
Trilegal began as an outsider in a legal industry dominated by closely held, family-run firms. More than two decades later, it has become one of India’s largest law firms—and part of the establishment it once challenged. Partners Nishant Parikh and Sridhar Gorthi talk to ET’s Vinod Mahanta and Maulik Vyas about the model behind that rise, the founder-rainmaker trap holding back m
ET Deep Dive: Love, Inheritance & the Second Innings
Love can arrive at any age. But when it arrives after 60, it often comes with decades of accumulated wealth, grown-up children and expectations about inheritance. As more Indians seek companionship, remarry or choose live-in relationships later in life, families are confronting difficult questions around homes, wills, trusts and succession. Based on Lijee Philip’s report, this episode explor
India’s Costly Crude Problem
Brent above $90 doesn’t tell the full story of India’s oil bill. Tight physical supplies have pushed some Gulf crude to a hefty premium, while the Russian discounts that helped Indian refiners after the Ukraine war have largely vanished. Disruptions in West Asia have also forced India to source more oil from farther-flung suppliers, adding freight costs. Anirban Chowdhury speaks to ICR
Who Must File Their ITR by August 31?
India’s tax calendar looks different this year. While most salaried taxpayers wrapped up their returns by July 31, taxpayers with certain business or professional income have until August 31. But who exactly qualifies? What happens if you earn a salary alongside income from F&O trading, consulting, freelancing or content creation? Which ITR should you file, and how is F&O turnover ca
EB-1A, Explained: The Green Card Route That's Closing on Indians
For Indian professionals chasing a US green card, even the fast lane is getting harder. Approval rates for EB-1A — the category reserved for people with extraordinary ability — have fallen sharply, from 49% to 35% in a year. That compounds an already punishing green-card backlog for Indians on H-1B visas, many of whom face waits stretching decades. So what is driving the tougher scruti
75 Days in a War Zone
For 75 days, an Indian oil tanker captain and his 23-member crew were stranded in the Strait of Hormuz as war raged around them. Missiles flew overhead. Explosions shook the ship. Supplies dwindled, families waited anxiously and the crew faced pressure to carry out a risky cargo transfer. Through it all, the tanker remained loaded with 110,000 tonnes of cargo. This episode is a first-hand account
What Chandra Leaves for Tata’s Next Chairman
N Chandrasekaran’s decision not to seek another term as Tata Sons chairman brings an extraordinary year of tensions inside the Tata Group to a head. Behind the succession question lies a deeper struggle over how Tata Trusts exercises control over Tata Sons, how much capital the group should commit to businesses such as Air India, digital and semiconductors, whether Tata Sons should remain pr
Sarvam AI on NVIDIA's Investment, Voice AI Economics, and India's AI Strategy
Sarvam AI began with an ambitious proposition: build foundational AI models in India. It must now prove that those models can support a viable business. Co-founder Pratyush Kumar explains to Himanshi Lohchab the company’s expansion into compute, inference, customised models and enterprise applications, while Peak XV Partners MD Rajan Anandan lays out the investment case. They discuss NVIDIA&
India’s Export Traffic Jam
Indian exporters are facing a fresh shipping squeeze. Congestion at major transhipment hubs such as Singapore and Colombo is delaying cargo, disrupting schedules and pushing up costs, just as global trade routes are being reshaped by geopolitical tensions and shifting freight demand. But the disruption exposes a deeper weakness in India’s export infrastructure. Despite its vast coastline &md
LinkedIn CEO on AI Jobs, Agentic Hiring and the AI Slop Problem
LinkedIn CEO Dan Shapero says the platform’s data points to a more complicated story. In this Corner Office Conversation, Shapero joins Anirban Chowdhury and Dia Rekhi to discuss why hiring has slowed, how AI is rewriting skills, and why India is seeing a surge in AI roles, R&D hiring and new founders. He also explains LinkedIn’s fast-growing AI Hiring Assistant, the possibility of
ET Deep Dive: The Auto’s Electric Makeover
India’s humble autorickshaw is getting its biggest reinvention in decades. Electric three-wheelers are surging because the economics work: lower running costs, less maintenance and better predictability for drivers and fleets. But the real disruption goes deeper. As Bajaj Auto defends its turf and Mahindra, TVS and others push harder, competition is shifting from price and mileage to range,
IT Secy on ISM 2.0, Social Media Regulation & India's AI Race
In this candid interview, ET's tech editor Surabhi Agarwal and Subhayan Chakraborty sit down with India's IT Secretary to discuss ISM 2.0, the government's $13 billion second phase of the India Semiconductor Mission. He breaks down lessons from ISM 1.0's 12 approved projects, the new market-linked funding model for chip design startups, and why silicon fabs now get differentiated incentives over o
How Prashant Kishor Shocked the BJP
Prashant Kishor has spent years shaping election victories for others. Now, he has delivered one of his own. In this episode of The Morning Brief, Nidhi Sharma speaks with Economic Times’ Kumar Anshuman to unpack Jan Suraaj Party’s stunning victory in Bankipur, a BJP bastion for more than three decades. How did Kishor engineer a massive electoral swing just months after his party faile
No Place To Hide (Part 2): Why India’s Food Industry Is Cleaning Up Its Act
In the second part of the series, Ratna Bhushan, ET's FMCG Editor, brings in two industry voices to dissect the impact of FSSAI and Maharashtra FDA's crackdowns. Anjan Chatterjee, founder of Speciality Restaurants, argues surprise audits are overdue but says license suspension should be a last resort, not a first response. Ashwin Bhadri, founder of Equinox Labs, backs the enforcement push while ca
Cognizant’s Surya Gummadi on How AI Can Deliver Returns
AI adoption is soaring, but where are the financial returns? Surya Gummadi, President, Americas at Cognizant, argues that enterprises are consuming tokens without always choosing the right use cases. He joins Anirban Chowdhury to explain why companies remain trapped in pilot mode and what it takes to scale AI successfully. Gummadi discusses the coming transformation of coding, testing, talent mode
The New Kids' Table: Private Equity Goes to School
Private equity is expanding into India’s K-12 school sector, following the same playbook it used to reshape private hospitals. Since Indian schools must legally operate as not-for-profit trusts, PE firms like KKR, Blackstone, and Kedaara invest indirectly through separate for-profit “OpCo” service companies that charge trusts for management, infrastructure, and operations—m
No Place to Hide: Inside Maharashtra’s Food & Drug Crackdown (Part 1)
Since late May 2026, Maharashtra has been in the middle of one of its most aggressive food and drug enforcement drives in years — adulterated prasad seized near Shirdi, synthetic milk units shut down, the license of Mumbai’s Parsi Dairy Farm suspended, hospitals pulled up for forcing patients to buy from in-house pharmacies, and over 1,100 raids conducted statewide in just two months.
Google Cloud CEO On $15B India Bet, Sovereign AI Push & More
In this conversation with ET's editor technology Surabhi Agarwal, Google Cloud CEO Thomas Kurian discusses the company's expanding footprint in India, including bringing Gemini Flash 3.5 and Gemini Enterprise to sovereign infrastructure, and scaling local engineering talent through forward-deployed teams and partnerships like Mission Karmayogi. Kurian addresses the $15 billion investment with Adan
Cockroaches, Courts & Committees: What Did India’s GenZ Really Win?
We look back at the Jantar Mantar protests through the lens of media, technology and youth agency. What began as a Chief Justice’s jibe calling unemployed young Indians “cockroaches” turned into a movement that forced a Union minister’s resignation — powered by satire, memes and a 26-day hunger strike, and a social media following that outgrew the ruling party’s
The East’s Own Overdose
For decades, Northeast India was seen mainly as a corridor for drugs flowing out of Myanmar’s Golden Triangle. That has changed. The transit route is becoming a destination. In this episode of ET Deep Dive, we travel to the Assam–Arunachal Pradesh border, speaking to recovering heroin users, anti-drug volunteers and communities confronting a crisis that is quietly tearing families apar
Glenmark Chief on Cracking the Multi-Specific Code
Glenmark Chairman and Managing Director Glen Saldanha joins Vikas Dandekar and Rica Bhattacharyya to discuss the company’s 25-year innovation bet, and why it’s finally paying off. At the center is ISB2001, a tri-specific antibody partnered with AbbVie, born out of Glenmark’s IGI platform after fifteen years of R&D. Saldanha talks through the platform’s pipeline, why Gle
ISRO's Exodus: Space Crisis, Staff Crisis
ISRO is losing people faster than it can hire them. Around 100 scientists and engineers have resigned or taken voluntary retirement recently, with the bulk of the exits from URSC, ISRO's satellite hub, and VSSC, its rocket-making centre. More worryingly, the agency's on-roll strength is now lower than it was in 2001-02, even as its workload has multiplied with Gaganyaan, Chandrayaan-4 and-5, and V
Of Movements And Math
On the first day of Parliament’s Monsoon Session, two very different upheavals converged in Delhi. Outside Parliament, young protesters demanding accountability over examination failures faced barricades, detentions and police force. Inside the political establishment, the BJP was pursuing a quieter but equally consequential project: building the numbers needed to reshape India’s const
The Future of Insurance in India | Sarbvir Singh of PB Fintech
India’s insurance industry is changing faster than ever. New regulations, 100% FDI, AI-powered underwriting, rising medical inflation and Policybazaar’s expansion into healthcare through PB Health are reshaping how Indians will buy—and use—insurance. In this episode of The Morning Brief, ET’s Anirban Chowdhury speaks with Sarbvir Singh, Joint Group CEO of PB Fintech,
ET Deep Dive: The Pyramid Problem: Why AI Is Breaking Indian IT’s Winning Formula
Indian IT built its empire on one formula: throw armies of low-cost engineers at repeatable work, and scale relentlessly. That formula survived Y2K, the dot-com crash, and cloud computing. But AI attacks the model’s foundation itself — the cheap, standardized labor that made the industry’s pyramid structure work. In this episode, we trace how Indian IT industrialized itself, why
Smart Glasses, Blind Spots: How Meta's Wearables Are Watching You
Virat Kohli's slick Oakley Meta ad made smart glasses look effortless. But behind the "Hey Meta" voice commands lies a growing privacy crisis. From Nairobi outsourcing workers reviewing graphic footage to women being filmed without consent on beaches and in stairwells, the harms are real and disproportionately gendered. Host Dia Rekhi talks to Dr Milica Stilinovic, Postdoctoral Research Associate
Who Pays For Ethanol?
India rolled out E20 ethanol petrol five years ahead of schedule, and consumer complaints followed just as fast: mileage drops, rusted tanks, replaced parts. But how much of that is the fuel, and how much is old fuel systems never built for it? Government and industry voices point to savings, farmer income, and lower emissions; consumers point to unchanged prices and vague warranty coverage. Neith
When Algorithms Push Harm, Who's Liable?
When a recommendation system pushes child sexual abuse material to a user, who answers for it: the algorithm or the company behind it? Host Anirban Chowdhury speaks with Supreme Court of India lawyer Sajan Poovayya, who breaks down India's evolving liability framework for platforms, from the strict liability standard around CSAM ( Child Sexual Abuse Material) to the tricky question of proving corp
ET Deep Dive: Melting The Vault
Gold has always been India’s emotional anchor — heirlooms passed down for weddings, festivals, and hard times. But soaring prices are rewriting that relationship. This episode looks at why Gen Z and millennials are increasingly selling or exchanging inherited jewellery: a Mumbai couple who funded their first home, a Bengaluru banker who redirected proceeds into equities, a family that
Why Every Influencer Has a Lawyer on Speed Dial
Influencer marketing has exploded into a serious revenue stream, but legal awareness hasn't kept pace. Hosts Anirban Chowdhury and Rajesh N Naidu speak to Ishan Johri, Partner, Khaitan & Co, who breaks down who actually bears responsibility when a promotional post goes wrong: the brand, the influencer, or the agency in between. He explains why disclosing a free product matters just as much as
Why Foreign Money Loves Indian Debt, Not Stocks
Foreign capital is back in India — but not the way it used to be. In June, overseas funds poured a record Rs 41,773 crore into Indian government debt, even as they pulled nearly Rs 49,340 crore out of equities. What's driving this split? A stabilising rupee, tax breaks on bond returns, and hopes that India will finally enter Bloomberg's global bond index. But risks remain — a hawkish F
ET Deep Dive: The Water in the Vial
Five young mothers in Kota died within twelve days after a routine oxytocin shot. The vials meant to stop bleeding after childbirth had no drug in them at all, just water. What followed was an investigation that tore open a Punjab manufacturer's records: fabricated test data, tampered machines, missing safety checks, and a company that had been ordered to stop production three years ago and simply
WhatsApp Users’ New Identity Crisis
The Indian government has issued a notice to Meta over WhatsApp’s planned username feature, warning that it could fuel impersonation and online fraud. Meta maintains usernames are a privacy feature designed to let users connect without sharing phone numbers. But the dispute runs much deeper. In this episode, host Anirban Chowdhury talks to Apar Gupta, co-founder, Internet Freedom Foundation
The Heat Dome Files: What Europe Can Learn From India
Europe's latest heatwave is expected to leave behind a staggering human toll. But beyond the immediate crisis, it is raising a broader question: are countries prepared for a world where extreme heat becomes routine? While much of the conversation around climate change focuses on emissions, a parallel challenge is emerging around adaptation. From city design and public health systems to early warni
Tracxn Co-Founder on India’s Startup Paradox: More Money, Fewer Bets
India’s startup ecosystem is sending mixed signals. Funding deals are at a decade low, yet tech IPOs are breaking records. Investors are writing bigger cheques but backing fewer companies, while deep tech, AI and space tech are quietly reshaping the next phase of innovation. Host Anirban Chowdhury talks to Tracxn co-founder Neha Singh about what the data really reveals: why average deal size
Corn Man: The Man Who Quietly Cornered Half of India's Popcorn Market
One in two popcorn kernels eaten in India comes from one man's farms. He built the crop from nothing, the processing plant that rivals anything in North America, and a farmer network no competitor can crack. When COVID killed every client overnight, most founders would have cut and run. He doubled his acreage. He has 50Xed his revenue in 5 years, build a moat few can crack and plans to now indigen
ET Deep Dive: Can India’s Firecracker Capital Go Global?
Nestled in Virudhunagar district of Tamil Nadu, Sivakasi is India’s undisputed firecracker capital. What began as a humble cottage industry thrived in the region’s hot, dry climate — conditions too harsh for agriculture but perfect for manufacturing matches and firecrackers. Over decades, this unlikely desert town grew into a Rs 6,000 crore industry, supplying the bulk of India&r
Can Regional Aviation Finally Take Off In India?
For decades, regional aviation in India has been a story of false starts, grounded ambitions and struggling airlines. But that may finally be changing. India makes more than 4 billion intercity trips every year. Yet only 3% happen by air. That gap may be the single biggest untapped opportunity in Indian aviation — and airlines like Fly91 and aircraft maker ATR believe they are perfectly posi
Dr Ramakanta Panda On Why Bankers, Techies Are Most Susceptible To Heart Disease
Eighty percent of Dr Ramakanta Panda's young cardiac patients — below 35, below 40 — work in IT or finance. Late nights, processed food, 2 AM pizza, secondhand smoke, and a generation that doesn't sleep before midnight. The Padma Bhushan awardee and Chairman of Asian Heart Institute, Mumbai has performed over 30,000 cardiac surgeries with a 99.8% bypass success rate and zero MRSA in hi
Jio’s Historic IPO and Next Act
Jio Platforms is set to file what could be India's largest-ever IPO. But the story goes far beyond the listing. Senior telecom consultant Kalyan Parbat joins host Anirban Chowdhury to break down what the DRHP really signals. From prepaying debt to funding a sovereign LEO satellite constellation, building a homegrown AI agent called Hey Jio, and exporting its indigenous 5G stack to global operators
ET Deep Dive: The DNA Fix
A revolution is underway in cancer diagnosis. A gene-based test called next-generation sequencing can identify precise mutations in a patient’s DNA, which can then be treated with targeted therapies instead of painful chemotherapy. For an 80-year-old woman with stage 4 lung cancer, it meant walking again. For a 24-year-old with breast cancer, it meant a normal life. But since NGS tests
AI Studios: The New Entertainment Frontier
India's media and entertainment industry is actively exploring new frontiers in AI. From JioHotstar's dedicated AI content division to Kishore Lulla's $150 million Eros Innovation play, the country's biggest streaming and production companies are building AI studios from the ground up. The economics are hard to ignore, production costs down 60-70%, delivery timelines cut by half. But beyond micro
Mythos Blocked: When AI Becomes a Weapon of State
On June 12, the US government forced Anthropic to shut off its most powerful AI models Fable 5 and Mythos 5 for every foreign national on earth, citing national security. The trigger was a claimed jailbreak. The fallout was immediate. India, which had only just gained access to Mythos through Project Glasswing, was suddenly cut off. Host Anirban Chowdhury talks to Dr Rumman Chowdhury, co-founder C
Killed in America’s War: The Indian Sailors Nobody Apologised For
Three Indian mariners are dead, killed by US Navy strikes on a commercial tanker in the Gulf of Oman. Host Anirban Chowdhury talks to Abhijit Singh, a retired naval officer and former head of the maritime policy initiative at ORF, to break down what we know and what remains contested about the MT Settebello incident. Was it a legitimate blockade enforcement or an unprovoked attack on a stationary
ET Deep Dive: Hills of Brew
From the hills of Nagaland, once rattled by insurgency, comes an unlikely revolution — specialty coffee. In this episode of ET Deep Dive, we trace how a state better known for decades of conflict is quietly reinventing itself, one arabica bean at a time. From smallholder farmers in the mist-covered hills of Wokha to young entrepreneurs who studied abroad and came home to build brands, Nagala
How Long Should You Stay in an SIP?
Every month, millions of Indians put money into mutual funds through SIPs without really knowing how long to stay invested or what happens when markets crash. ET Wealth's annual SIP study with Crisil Intelligence finally puts hard numbers to these questions. Host and editor ET Wealth Kayezad E Adajania talks to Piyush Gupta, Director at Crisil Intelligence about what 15 years of data across 120 sc
RBI's Rupee Rx
The rupee has been on a sharp slide, moving from 90 to nearly 97 in just a few months. On Friday, the RBI stepped in with two major measures a concessional FCNR deposit window for NRIs and a subsidised swap facility for ECB borrowings by PSUs effectively absorbing the hedging costs to pull in foreign capital. But how much of a difference will it make, and for how long? Host Rozebud Gonsalves speak
The Gold That Wasn't There: Inside SEBI's Case Against Rajesh Exports
SEBI has accused Rajesh Exports and its promoter Rajesh Mehta of one of India's most brazen alleged financial frauds — inflating revenues by fifteen lakh crore, claiming ownership of African gold mines that don't exist, and siphoning funds through a web of overseas entities while auditors looked the other way. On this episode of The Morning Brief, Anirban Chowdhury, N Sundaresha Subramanian,
Zia Mody On Law, Legacy and Leadership
She walked into the courtroom with no playbook and built an empire anyway. Host Maulik Vyas talks to one of India's most formidable legal minds Co-Founder & Managing Partner of AZB & Partners, Zia Mody, who reflects on four decades at the forefront of corporate law, from the chaos of early liberalization to billion-dollar cross-border deals. She opens up about the cautious mood on deal str
ET Deep Dive: Lock, Stock and Worry
India's locker economy is booming — and buckling. Bank vaults remain the default choice for storing gold, heirlooms and family documents, but chronic shortages, inheritance disputes and a trust deficit are cracking the system open. Private vault operators are muscling in with biometric access and extended hours. Home-safe manufacturers are selling the idea of keeping wealth closer. And regul
Anthropic Goes Public: Can Markets Justify a $1 Trillion Value?
As Anthropic files confidentially for an IPO with a reported valuation nearing $1 trillion, markets are watching closely. Host Anirban Chowdhury talks to Daniel Newman, CEO at data intellegince, research and advisory firm The Futurum Group to break down what investors should really scrutinise from enterprise attrition data to compute cost commitments. They unpack the revenue optics inflated by clo
Habil Khorakiwala on India's First FDA-Approved Antibiotic.
Wockhardt's FDA approval of Zaynich marks a historic first, the only drug entirely discovered and developed by an Indian company to clear US-FDA scrutiny. ET’s pharma editor Vikas Dandekar and Rica Bhattacharyya talk to Habil Khorakiwala, Chairperson of Wockhardt who unpacks the 25-year innovation journey behind this milestone. From a deliberate pivot to antibiotics when big pharma was exiti
Four Economists on ‘Will The Rupee Cross 100 To The Dollar?
The rupee has briefly touched an all-time low of 96.96 in May. Is the psychological 100-to-the-dollar mark now inevitable? In this episode of The Morning Brief, Rozebud Gonsalves speaks to economists from leading financial institutions–Gaura Sengupta, chief economist at IDFC First Bank, Kanika Pasricha, chief economic advisor, Union Bank of India, Madhavi Arora, chief economist, Emkay Global
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