All notes.

Every piece, most recent first. Filter by topic, or let the titles do their work.

Filter:
All
Banking
Markets
Policy
India
Geopolitics
Consumer
Sanctions
Feb 03, 2026

The Money Rails: Why Your Bank Stopped Being a Vault

Modern banks are less about storage and more about transaction rails, fee velocity, and liquidity risk.

BankingIndiaPaymentsCreditRisk
10 min read
Feb 04, 2026

Blinkit: How They Aced 10-Minute Delivery

Blinkit's speed is a logistics and proximity story — built on dark-store design, not rider speed.

LogisticsIndiaConsumerPlatforms
8 min read
Feb 26, 2026

India's IPO Boom Was Real. The Wealth Creation for Retail Investors? Not So Much.

India became the #1 IPO market in the world by volume in 2024.

IPOsIndiaMarketsRetailInvesting
12 min read
Mar 31, 2026

The Shadow Market That Sanctions Built

Why the gap was never meant to close.

SanctionsGeopoliticsTradeEnergyPolicy
7 min read
Feb 09, 2026

Budget 2026: The Middle Class Nightmare

Capex and fiscal consolidation, but the middle class is left with higher costs and fewer deductions.

BudgetIndiaPolicyTaxesMarkets
9 min read