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The fund house, expected to chart a passive investment course, starts with nearly Rs 2,500 crore in capital. Why does it need so much money for what is essentially a low-cost investment strategy?

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
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.
Its lending business is doing the heavy lifting while payments and asset management lag, raising questions over its full-stack narrative.