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Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
From GPUs to LLMs, India’s AI stack is deeply global—making ‘sovereign AI’ more aspiration than reality.
The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.