The diamond cartel might be dying. And the president of Botswana just pulled out a shovel.

He called De Beers “broke” and said, “maybe we should sell the diamonds ourselves.” This is a head of state talking about a company his government literally co-owns.

And not just any company—De Beers, the world’s largest diamond company. The same company that once told the world: “A diamond is forever.”

Nayara Energy, India's second-largest oil refinery, is in serious trouble. The Indo-Russian venture is caught in the crossfire of EU sanctions against Russia, and it's creating a cascade of problems that could reshape India's energy landscape.🧵👇 The crisis stems from Nayara's ownership structure. Back in 2017, debt-laden Essar sold its 98% stake in what was then Essar Oil to two entities - each getting 49.13%. One was Russia's Rosneft. The other was Kesani, jointly owned by Italian fund Maraterra and Russian fund UCP.

There's a dark side to business news. Ever so often, the very people we trust to interpret the markets use their platforms for personal gain. They plant ideas, stir excitement, and cash in before anyone realizes what's happening.🧵👇 SEBI has trained its sights on a group of 'guest experts' on Zee Business. According to the regulator, these pundits were leaking their upcoming on-air stock recommendations before broadcast, letting certain shady operators make money through well-timed trades.

Tata Communications has received a ₹7,827 crore demand notice from the Department of Telecommunications for unpaid AGR dues. But here's what's puzzling: they don't sell SIM cards or prepaid plans. So why is a non-mobile operator caught in this telecom mess?🧵👇 To understand this, we need to go back to when Tata Communications wasn't even a Tata company. It started as VSNL (Videsh Sanchar Nigam Limited) in the late 1980s - a government telecom giant with one specific job: handling India's international calls.

India is about to witness a significant transformation in how electricity is bought and sold. Starting January 2026, electricity trading will see 'market coupling' - creating a single price across exchanges and ensuring buyers and sellers get the best possible prices.🧵👇 Most of India's electricity runs on rigid 10-25 year Power Purchase Agreements between generators and distribution companies. But there's also a short-term market operating like a regular market based on supply and demand - accounting for 15% of all electricity consumed.

Every time you buy or sell shares with a few phone taps, you're experiencing quiet magic. Ask someone who invested before the digital era about chasing paper certificates and waiting days for trades to settle—you'll quickly grasp how good you have it today.🧵👇 A big part of this convenience comes from India's depositories. Think of a depository as a digital bank vault for your securities. Instead of holding paper certificates prone to loss or damage, depositories safely store your investments on your behalf.

Here's something every Indian investor knows but few truly understand: we import 85% of our oil, making us incredibly vulnerable to global crude swings. But the RBI just released fascinating research on exactly how oil prices translate into inflation—and the answer might surprise you.🧵👇 Oil price volatility has been wild recently. We've seen prices swing from $44/barrel during early pandemic days to $93/barrel in 2022-23, then back under $70 this year. For an economy like ours, this kind of churn should be devastating. But something interesting is happening.

13 companies.
6 sectors.
One brutal week of earnings.

We read all the transcripts so you don’t have to.

These are the most shocking, revealing, or totally missed admissions CEOs made this week 👇 HCL is done with bulk campus hiring. They are ready to pay 3x-4x.

If you live in South India, you probably have Milky Mist in your fridge. They're planning a ₹2000 crore IPO, giving us a perfect chance to understand how dairy companies actually work and what makes this business so challenging.🧵👇 Here's how your milk journey begins: Every litre starts on farms with 2 cows or thousands of buffaloes. Roughly 65% still flows through "informal" channels of local collectors and sweet-shops. The rest goes to organised co-ops like Amul and private dairies.

Tesla finally opens its first India showroom in Mumbai's Bandra-Kurla Complex, taking orders for the Model Y at ₹60 lakh. But behind this entry lies a 4-year negotiation deadlock and a question: is Tesla too late to India's EV party?🧵👇 Tesla's Indian subsidiary launched in 2021, but talks stalled over a familiar dispute. Tesla wanted lower import duties. India demanded local manufacturing. This detente signals more than just Tesla's entry—it reveals India's evolving automotive ambitions.

Last week, SEBI passed a settlement order that might look routine on the surface. But look closely, and it reveals how shady forex platforms have been exploiting regular Indians — and how regulators are finally cracking down.🧵👇 The case involves Tauga Private Limited, better known as OctaFX India Private Limited. You've probably seen their ads — cricket players telling you how easy it is to make money trading forex, showcasing expensive cars and foreign vacations.

Emmvee Photovoltaic Power Limited just filed papers for a ₹3,000 crore IPO. This created a fantastic window into how those blue panels on rooftops actually get made, the drivers and risks of manufacturing them, and the financials that come with it.🧵👇 Making solar panels is sophisticated: transforming ordinary sand into electricity-generating technology over five steps. Sand becomes ultra-pure polysilicon through energy-intensive chemical processes, then melted and cooled into perfect crystal ingots.

Imagine ordering tomatoes and a nail cutter on a quick commerce app. How does it reach your doorstep in 10 minutes? The answer lies in an invisible world of operations that work in tandem - faster than the time it takes to shower.🧵👇 Just four years ago, 10-minute delivery was almost inconceivable. The common response was: "Why would anyone need fruits delivered in 10 minutes?" Today, that skepticism has flipped into dependence. It's hard to imagine life without it.

"Make in India" needs a place to sleep. Last week we covered Foxconn's trials in India. Mountains were moved to ease their entry - land grants, legal waivers, geopolitical maneuvering. But there's one aspect we haven't touched: where do 18,000 workers sleep?🧵👇 To house its Sriperumbudur workforce, Foxconn spent $230 million on giant dormitories. This is just one project. As India builds out industry, we need many more such projects lining every industrial cluster. Without that, "Make in India" dreams won't translate to reality.

It's been a stormy time for ONDC, India's public infrastructure for e-commerce. Monthly retail orders fell 31% to 46 lakh between Oct 2024-Feb 2025. The CEO, CBO, and non-executive chairperson have all resigned this year. Yet ONDC just announced a new ₹150 crore subsidy plan.🧵👇 ONDC wants to fundamentally change how e-commerce works. Think about your last Amazon order - you searched, bought through their payment gateway, got it from their warehouse via their delivery driver. Amazon owns this entire process and extracts value at every step.

We spend a lot of time talking about parts of our economy that don't work. But there are pockets of excellence where we're world-class — or even lead the world. A recent IMF paper gave us the chance to look deeply into one: UPI.🧵👇 A lot of the world is trying to crack digital payments. If you're reading this, there's a good chance you've seen the benefits first hand. UPI made it infinitely easier to work with digital apps. Transaction costs almost disappeared. You no longer need to carry cash around.

Fifteen years ago, mutual funds in India were a footnote in most people's portfolios. Your neighbourhood LIC agent was the closest thing you had to a financial advisor. ULIPs seemed like excellent savings products — "insurance with stock market returns."🧵👇 Today, mutual funds have become a strong pillar of the Indian retail investing ecosystem. Yet there are miles to go. Of more than 70 crore PAN holders in the country, just around 5 crore are mutual fund investors. The actual number is closer to 3.8 crore — barely 5% of our population.

SEBI has been on a roll in recent months, increasing its vigilance on fraudulent schemes. In what could be one of its biggest crackdowns yet, SEBI is stepping up its investigation into a large pump-and-dump scheme involving shell companies.🧵👇 One recent case involves just a single day of trading in KPIT Technologies, and a little-known firm called Mehrangarh Financial Advisors Pvt Ltd (MFAPL). On the surface, it looks like just another profit-making intraday trade.

How do countries become rich? Economists frame this as climbing a "development ladder." At the bottom are countries making simple things like metal sheets or cloth. At the top are those making complex products like smartphones and pharmaceuticals.🧵👇 The theory goes: countries start simple, face fierce competition, then learn to make more complex things. As complexity increases, competition becomes sparse and countries earn more money while making workers more skilled and capable.

In early July 2025, Foxconn pulled more than 300 Chinese engineers and technicians out of its Indian iPhone factories. This isn't the first time this has happened, and it puts India's industrial policy to a stress test.🧵👇 Why is Foxconn so important to India? They're the world's largest electronics contract manufacturer, assembling TVs, smartphones, and gadgets that define our lives today. Their biggest client is Apple, for whom they even built an entire "iPhone city."

The Reserve Bank of India just dropped its half-yearly Financial Stability Report. Beyond the usual numbers and graphs lies a treasure trove of insight into India's economy. Let's examine the health of our two most important economic actors: corporates and households.🧵👇 From the outside, this looks like a terrible time for business — trade wars, broken supply chains, deep uncertainty. But somehow, Indian corporates are thriving in ways that would make their global peers jealous.