Shritama Bose

India’s world-beating economic growth is getting a reality check. Output rose 5.4% during the three months to the end of September, its slowest pace in nearly two years, belying hopes that a good monsoon would boost spending. Perhaps it's a blip. But there are looming pressures that could all deal blows to rosy assumptions about the world’s fifth-largest economy.

The U.S. indictment of Gautam Adani has thrown a spotlight onto the rolling risks of India’s solar industry. Last week, prosecutors in New York charged the billionaire and several others of securities and wire fraud by agreeing to bribe government officials to secure solar power contracts for the Adani Group’s $19 billion renewable energy unit. The accusation revolves around him doing so because he was having no success finding takers for his “high energy prices”. That underscores the cascade of issues that plague the broader industry.

Prosus is receiving a long-awaited parcel of returns in India with the Mumbai listing of Swiggy . Shares of the company, one half of a food delivery duopoly, opened up 8% on Wednesday, a decent start. However, other bets in the country by the $100 billion Amsterdam-listed vehicle controlled by South Africa's Naspers may be harder to monetise.

India's biggest companies no longer offer a rose-tinted window onto the world's fifth-largest economy. Shoppers have been tightening their purse strings for years. Now the austerity is spreading from the rural poor to the urban rich. That is the opposite of the recovery story that was supposed to play out.

A food delivery company is about to test the appetite of India's roaring stock market. SoftBank Group and Prosus-backed startup Swiggy may target a valuation of up to $15 billion in its Mumbai initial public offering, Reuters reported last week, citing an unnamed source. It's losing money and is also smaller than its profitable, faster-growing rival, Zomato , per the prospectus that was made publi

Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India. Yet a growing list of firms including BlackRock , BMW and Shein are expanding in the country in partnership with local tycoons. It tightens the grip powerful families have on the world’s fifth-largest economy, and sets them up as future global rivals to those knocking on their door.

Is India's equities rally built to last? Shares of Bajaj Housing Finance surged 125% on their first day of trading in Mumbai on Monday , handing the mortgage lender a nearly $16 billion market capitalisation. While there is plenty to cheer about the debutant, the price dynamic offers a warning on valuations in the country.

India’s largest company is biding its time. The annual shareholder meeting of $245 billion Reliance Industries was an unusually low-key affair. Chair Mukesh Ambani seems in no hurry to list his two consumer-facing businesses as promised to their 2020 backers including KKR , Silver Lake and Meta . A slim conglomerate discount at least makes the wait for everyone easier.

KKR is gearing up to redeem a nine-year-old bet on India’s capital markets. The U.S. private equity firm is seeking buyers for its 63% stake in Avendus, the homegrown banker of choice for India's technology stars. The upstart firm has probably won a spot on Swiggy's up to $1.2 billion initial public offering, which would be one of its highest-profile yet. That makes it a good time for the buyout b

Indian equities are trading at eye-popping premiums, but a bit of caution is creeping into one corner of the market. SoftBank-backed e-scooter maker Ola Electric on Monday launched its initial public offering, seeking a valuation of up to $4 billion. That's a quarter lower than its previous funding round in September, a sign that investor patience for unprofitable tech stars is running thin. It se