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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Expanding the metro rail network across the country with complete disregard for cost overruns and operating losses will have disastrous consequences on the state and national exchequers.
Editor's note: Do you know what is common to every leader across generations? Each of them wants to build monuments to cement their legacy: pyramids, statues, airports, dams, bridges, stadiums, temples, which are supposed to be civilization-defining structures, remembered through generations. Our post-independence history is littered with megaprojects that were once justified but have ended up being major disappointments, both operationally and financially. Damodar Valley Corporation, which was supposed to power a generation of Indian industry through hydropower, has become one of India’s most problematic public sector power generation companies. More than a decade since its launch, GIFT City in Gujarat has largely failed to attract any serious attention from financial actors. Of the almost 40,000 acres of land acquired for Andhra Pradesh’s aspirational new capital Amaravati, very little has seen serious development due to a change of government and consequent legal delays. The list goes on. This is not a uniquely Indian problem. Economic geographer Bent Flyvbjerg has shown that nations that have hosted the Olympic Games (Summer or Winter) since 1960 have seen noticeable declines in national economic growth after …
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
