Shritama Bose

If India wants to prop up its stalling economic growth, it will have to sacrifice some of the financial stability underpinning the country’s moment on the global stage.

Dealmaking is coming for India’s renewable energy industry in 2025. More than a dozen generators of wind and solar power are looking for new owners as private equity-style firms like Brookfield Asset Management, as well as industry players like Siemens and Enel, look for an exit. Despite New Delhi’s target of renewables providing half the country’s electricity by 2030, success isn’t assured.

Tycoons are hurtling toward a moment of reckoning in India. U.S. charges against Gautam Adani for alleged securities violations expose his country’s heavy reliance on a small handful of industrialists to achieve its strategic goals. The infrastructure magnate denies any wrongdoing, still the saga may nudge the world’s fifth-largest economy to share its spoils with a larger group of chosen ones.

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.