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Why private investment isn’t picking up in India
Capital productivity remains below pre-pandemic levels, helping explain why private investment has failed to respond more strongly to the government’s push.
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Indian FMCG seems to be out of the woods—for now
After battling rising prices and a slowdown, HUL, Tata Consumer Products and Nestle India are showing signs of recovery. But the threat of inflation still looms.
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Business
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Apollo’s billion(s) for Mubadala Capital
A new partnership between the two investment giants; Dubai Investments Park opens for subscription; and fears of war, once again.

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Business
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Reliance takes its discount playbook to ice cream. Will it work?
Bombay Creamery, the conglomerate’s latest consumer bet, is banking on aggressive pricing and retailer margins to crack a market dominated by dairy companies and regional brands.

Middle East

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Robinhood’s big bet on Dubai
The NASDAQ-listed brokerage is joining a growing list of fintech firms setting up shop here. What could be in store?
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Best of Internet Coverage

Internet
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Leverage Edu’s study-abroad success story has holes
Dissatisfied students, commission-driven agents and financial numbers that merit closer scrutiny threaten to undermine Leverage’s ambitions in the foreign education market.

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Business
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Why private investment isn’t picking up in India
Capital productivity remains below pre-pandemic levels, helping explain why private investment has failed to respond more strongly to the government’s push.

Best of Chaos Coverage

Chaos
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For a stronger India, reverse this institutional capture
The ruling party’s control over state institutions has come to look like ordinary governance. Reversing this capture is essential to restoring India’s constitutional democracy.

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Education Technology

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Leverage Edu’s study-abroad success story has holes
Dissatisfied students, commission-driven agents and financial numbers that merit closer scrutiny threaten to undermine Leverage’s ambitions in the foreign education market.

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State of Unicorns

State of the Unicorns
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Gaurav Munjal loses his faith

Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.

Conglomerates

Business
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Two IPOs and a war year
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.

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