Friction #1: Perfect competition is a chimera. Let’s settle for imperfect.

Gavel, antitrust

Welcome to the first issue of Friction, a fortnightly newsletter on corporate governance in India by Sundeep Khanna, only for subscribers of The Morning Context. Sundeep, formerly executive editor at Mint, has in a career spanning three decades been one of the foremost chroniclers of business in the country. Earlier this month, the Competition Commission of India, concluded its investigation against FAG Bearings India Ltd (now, Schaeffler India Ltd), ABC […]

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Lead photo by Tingey Injury Law Firm on Unsplash. The Morning Context has raised money from a clutch of investors, entirely in their personal capacity. It is quite likely that some of them may be directly or indirectly involved in a competing line of business similar to the companies we write about. Our full list of investors is here.


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