Today's Edition

Groww just can’t seem to shake off its derivatives dependence

Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.

Charu Singh

Internet

Early-stage deals take a dive in the Mideast, amid Iran war

Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.

Harveen Ahluwalia

Business

What went wrong at Lucid Motors?

The Saudi-backed EV maker says claims of a possible collapse are untrue, but investors remain worried about the company’s future.

Maanav D J

Explore Archive

In Brief

NCDEX moves beyond farms with equities, MFs and non-agricultural contracts · 20 May

Emaar posts solid Q1 financials amid Iran war · 11 May

BSE blames rival bourse for lacklustre exchange-agnostic trading · 08 May

NSE signals IPO on track across valuation scenarios · 06 May

The Middle East Edition

Dispatches from our Gulf desk

Dubai takes a hit in the costliest-city rankings

Abu Dhabi and Dubai stock markets chart swift recovery

Can the UAE stay ahead in the AI data centre race?

Latest Stories

Business

The quiet deflation that’s eating into Indian IT’s vitals

TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.

Anas Ali

Chaos

India’s jet engine gap turns into a strategic fault line

The country's fighter jet roadmap rests on imported propulsion, leaving its military plans hostage to cost shocks, delays and geopolitics.

Sushant Singh

Internet

Swiggy Instamart has a people and strategy problem

In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.

Hiral Goyal

Internet

Cult.fit’s opportunity: gyms or gear?

Born as a full-stack wellness platform, the IPO-bound company now leans on gyms while betting on products to drive its next phase of growth.

Ananya Upadhyaya

Business

Madhabi Puri-Buch’s pet project, Choti SIP, fails to take off

The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.

Charu Singh

Business

The quiet deflation that’s eating into Indian IT’s vitals

TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.

Anas Ali

Chaos

India’s jet engine gap turns into a strategic fault line

The country's fighter jet roadmap rests on imported propulsion, leaving its military plans hostage to cost shocks, delays and geopolitics.

Sushant Singh

The Middle East Edition

Dispatches from our Gulf desk

Dubai takes a hit in the costliest-city rankings

Abu Dhabi and Dubai stock markets chart swift recovery

Can the UAE stay ahead in the AI data centre race?

In Brief

NCDEX moves beyond farms with equities, MFs and non-agricultural contracts · 20 May

Emaar posts solid Q1 financials amid Iran war · 11 May

BSE blames rival bourse for lacklustre exchange-agnostic trading · 08 May

Read All Stories

On The
Record

Essential perspective on journalism from one of its best practitioners.

Explore Stories

Fountain pen on annotated manuscript — On The Record

Demystifying the world of freelance journalism

In a failing news ecosystem, independent journalists keep the story alive. A sneak peek into how they do things to get the best results and the challenges they face.

Think editing is a waste of time? Think again

In the fast-changing world of news, editors at the copy desk continue to be gatekeepers of quality and accuracy.

What’s the best way for newsrooms to handle corrections?

At a time when journalism is rotting away, corrections are truly a saving grace. How newsrooms handle them says a lot about their credibility.

Latest Newsletters

A wealth of knowledge from India's top writers curated for you by The Morning Context.

Internet

Early-stage deals take a dive in the Mideast, amid Iran war

Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.

Harveen Ahluwalia

Chaos

India’s jet engine gap turns into a strategic fault line

The country's fighter jet roadmap rests on imported propulsion, leaving its military plans hostage to cost shocks, delays and geopolitics.

Sushant Singh

Internet

Early-stage deals take a dive in the Mideast, amid Iran war

Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.

Harveen Ahluwalia

Chaos

India’s jet engine gap turns into a strategic fault line

Sushant Singh

Explore Newsletters on

Startups

Public Markets

World Affairs

Love & Family

Technology

Agriculture

Economy

Science

Public Policy

Environment

Sports

Personal Finance

Conflict

Get Started

Spotlight

Internet

Emergent’s ARR is all smoke and mirrors

The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.

Ashish K. Mishra

Business

The anti-jugaad story of Royal Enfield

What four years at the legendary motorcycle maker taught me about India’s most celebrated delusion.

Venki Padmanabhan

Internet

Emergent’s ARR is all smoke and mirrors

The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.

Ashish K. Mishra

Business

The anti-jugaad story of Royal Enfield

Venki Padmanabhan

Free Reads

Internet

How Basil Moftah is betting on the Mideast VC secondaries market

The managing partner at Key Capital talks about his new—and the region’s first-ever—secondaries fund and why long investment cycles are not everyone’s cup of tea.

Harveen Ahluwalia

Internet

From MBA Classroom To The Office: Skills That Define Workplace Readiness

Success today is not defined by what you know, but by how quickly you can learn, adapt, and act. These capabilities go beyond the classroom and shape how you operate in real-world situations. Build them early, and stay consistent.

The Morning Context team

Business

The Gulf Report: UAE markets cheer on US-Iran ceasefire

Dubai stocks saw their best day in a long while on Wednesday, property data for the first quarter shows the market held its own and other updates from the week.

Harveen Ahluwalia

Middle East

Business

Dubai takes a hit in the costliest-city rankings

A Julius Baer index says the emirate slipped seven places in 2026, Dubizzle is making new investments, and other news updates.

Harveen Ahluwalia

Business

Abu Dhabi and Dubai stock markets chart swift recovery

The UAE’s stock markets are clawing back lost ground after losing more than $120 billion at the peak of the conflict.

Maanav D J

Internet

Can the UAE stay ahead in the AI data centre race?

From India to Europe, governments are piling in to build centres to support (and profit from) the AI boom. What does the UAE have that others don't?

Maanav D J

Business

Dubai takes a hit in the costliest-city rankings

A Julius Baer index says the emirate slipped seven places in 2026, Dubizzle is making new investments, and other news updates.

Harveen Ahluwalia

Business

Abu Dhabi and Dubai stock markets chart swift recovery

Maanav D J

Internet

Can the UAE stay ahead in the AI data centre race?

Maanav D J

Best of Internet Coverage

Internet

Early-stage deals take a dive in the Mideast, amid Iran war

Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.

Harveen Ahluwalia

Internet

Swiggy Instamart has a people and strategy problem

In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.

Hiral Goyal

Internet

Cult.fit’s opportunity: gyms or gear?

Born as a full-stack wellness platform, the IPO-bound company now leans on gyms while betting on products to drive its next phase of growth.

Ananya Upadhyaya

Internet

Can Eruditus get foreign universities to work in India?

The edtech company is at the heart of the foreign campus experiment. But questions around demand, faculty and outcomes suggest a tough road ahead.

Muskaan Gupta

Internet

Six unanswered questions on Delhi’s EV policy 2026

The plan to speed up the national capital’s EV transition puts India's production capabilities and supply chain to the test.

Ananya Upadhyaya

Internet

Early-stage deals take a dive in the Mideast, amid Iran war

Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.

Harveen Ahluwalia

Internet

Swiggy Instamart has a people and strategy problem

Hiral Goyal

Internet

Cult.fit’s opportunity: gyms or gear?

Ananya Upadhyaya

Internet

Can Eruditus get foreign universities to work in India?

Muskaan Gupta

Internet

Six unanswered questions on Delhi’s EV policy 2026

Ananya Upadhyaya

Explore by Theme

Startups

Fintech

Retail

E-commerce

Media

IT

Aviation

Telecom

EdTech

Banking & Finance

Environment

Best of Public Markets coverage

Business

Groww just can’t seem to shake off its derivatives dependence

Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.

Charu Singh

Business

Canara HSBC Life is dipping its toes into new waters, but can it stay afloat?

The newly listed insurer commands a premium valuation, but its latest ambition, if not done right, may prove to be a drag.

Nitesh Kumar

Business

Groww just can’t seem to shake off its derivatives dependence

Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.

Charu Singh

Business

Canara HSBC Life is dipping its toes into new waters, but can it stay afloat?

Nitesh Kumar

Business

The quiet deflation that’s eating into Indian IT’s vitals

Anas Ali

Business

Madhabi Puri-Buch’s pet project, Choti SIP, fails to take off

Charu Singh

Business

Dubai takes a hit in the costliest-city rankings

Harveen Ahluwalia

Business

Anil Agarwal’s aluminium ambition faces a stiff test

Prince M. Thomas

Best of Chaos Coverage

Chaos

India’s jet engine gap turns into a strategic fault line

The country's fighter jet roadmap rests on imported propulsion, leaving its military plans hostage to cost shocks, delays and geopolitics.

Sushant Singh

Chaos

NEET and the military shortcut risks long-term damage

The government’s reliance on the armed forces may help it address a credibility crisis, but risks weakening civilian institutions.

Sushant Singh

Chaos

Why (so many) Indians have stayed put in the UAE amid Iran war

Remittances show that many non-resident Indians may not want an immediate out, even as the threat of war looms large. We take a look at what is making them stay in the country.

Maanav D J

Chaos

Ten military lessons India must learn from the US-Israel war on Iran

The war in West Asia offers a preview of how India’s next conflict could unfold—fast, multi-domain, drone-saturated and under a nuclear shadow. New Delhi must learn quickly.

Sushant Singh

Chaos

India's modest climate targets: smart diplomacy or missed opportunity?

A 10-percentage-point gap between what India plans domestically and what it promises the UN tells you everything about its climate strategy.

Azman Usmani

Chaos

India’s jet engine gap turns into a strategic fault line

The country's fighter jet roadmap rests on imported propulsion, leaving its military plans hostage to cost shocks, delays and geopolitics.

Sushant Singh

Chaos

NEET and the military shortcut risks long-term damage

Sushant Singh

Chaos

Why (so many) Indians have stayed put in the UAE amid Iran war

Maanav D J

Chaos

Ten military lessons India must learn from the US-Israel war on Iran

Sushant Singh

Chaos

India's modest climate targets: smart diplomacy or missed opportunity?

Azman Usmani

Corporate Subscription

Give your team the knowledge of independent, deeply researched and well written stories with our unique team subscription plans.

Learn More

Startups

Internet

Swiggy Instamart has a people and strategy problem

In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.

Hiral Goyal

Internet

Pratilipi has 20 million stories but no big hits. Can microdramas deliver one?

The online storytelling company is betting that content will be the most sought-after commodity as scores of platforms jump on the microdrama bandwagon. But success will hinge on whether it has a good enough story to draw the audience.

Hiral Goyal

Internet

Swiggy Instamart has a people and strategy problem

In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.

Hiral Goyal

Internet

Pratilipi has 20 million stories but no big hits. Can microdramas deliver one?

Hiral Goyal

Internet

A high-risk, unfinished, cash-guzzling Zepto comes to public markets

Hiral Goyal

Internet

Wingreens’ house of brands strategy failed, but it just won’t give up

Hiral Goyal

Internet

How Basil Moftah is betting on the Mideast VC secondaries market

Harveen Ahluwalia

Business

Epigamia’s Greek yogurt bet is finally paying off

Hiral Goyal

Internet

boAt’s best days are behind it

Hiral Goyal

Education Technology

Internet

Allen Career Institute is in flux and nowhere close to an IPO

Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.

Muskaan Gupta

Internet

Can Bhanzu break India's edtech curse?

The math learning platform is growing fast and expanding globally. Success will depend on how smartly it can manoeuvre the very pitfalls that have crippled peers.

Muskaan Gupta

Internet

Allen Career Institute is in flux and nowhere close to an IPO

Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.

Muskaan Gupta

Internet

Can Bhanzu break India's edtech curse?

Muskaan Gupta

Internet

Ronnie Screwvala is stretching upGrad to mean more

Bhuvana

Business

Varkey Group’s GEMS bets on Saudi Arabia to revive global ambitions

Maanav D J

Internet

Seekho and the parable of how entertainment consumed edtech

Pradip K. Saha

Internet

Physics Wallah carries the baggage of the industry it’s meant to redeem

Pradip K. Saha

Internet

How Reliance’s $180 million bet on Embibe came to naught

Pradip K. Saha

Gift a Subscription

Give the gift of in-depth and beautifully written stories to your family and friends.

Learn More

State of Unicorns

State of the Unicorns

How ShopClues faded without a fight

The fall of this e-commerce giant within a decade of its launch was marked by blind optimism, a total disregard for customers and a massive failure to read the tea leaves.

Muskaan Gupta

State of the Unicorns

Drools has come a long way. Just not long enough to beat Pedigree

From starting life as a mere offshoot of a poultry company to achieving unicorn status, Drools has quietly rewritten the rules of India’s pet food market. But competition remains a challenge.

Muskaan Gupta

State of the Unicorns

Porter just became a unicorn. Now comes the hard part

The on-demand company has entered the billion-dollar valuation club, thanks to its smart intra-city play. The segment is now hotting up, with both startups and legacy players joining the race.

Muskaan Gupta

State of the Unicorns

India’s pre-owned vehicle startups fail the internet business test

We look at Spinny, a unicorn, to demonstrate how the used-car business is a graveyard of ideas pretending to be internet-first or internet businesses only to realize years later that the soul of the business lies in brick and mortar.

Muskaan Gupta

State of the Unicorns

The forgotten lessons of Hike-Part III

We look at Hike’s failed super app bet, its messaging flop show and where the company stands today.

Harveen Ahluwalia

State of the Unicorns

The forgotten lessons of Hike—Part II

We take a look at the company’s trajectory from a messaging platform to a super app and its rise to prominence.

Sethu Pradeep

State of the Unicorns

The forgotten lessons of Hike—Part I

A three-part series that documents the rise and decline of the original Indian social media company.

Sethu Pradeep

Conglomerates

Business

Airtel’s Q4 performance adds to Jio IPO headwinds

FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.

Ujval Nanavati

Business

A mixed bag of a year for Reliance Industries

Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.

Ujval Nanavati

Business

Airtel’s Q4 performance adds to Jio IPO headwinds

FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.

Ujval Nanavati

Business

A mixed bag of a year for Reliance Industries

Ujval Nanavati

Business

Reliance’s growth engines may be losing steam

Ujval Nanavati

Business

Conglomerates, duopolies and domination hamper India

Ujval Nanavati

Business

Anil Ambani owes his gravy train ride to apathy, leniency