Credit rating agencies must reform, but it ain’t so black or white

It’s hard to identify a system-wide implosion, much less be able to call one. But India may currently be having its own “Lehman Brothers Moment.” India’s Lehman Brothers is Infrastructure Leasing & Financial Services (IL&FS), a massive “shadow lender” to infrastructure projects across the country. Almost exactly a decade after the global financial crisis that … Read more Credit rating agencies must reform, but it ain’t so black or white

Losing faith: India’s anti-vaccine scourge

In a cafe inside a suburban Mumbai hospital, a man dressed like a doctor is on the verge of cursing like a sailor. There’s no white laboratory coat, but the stethoscope around Ajit Gajendragadkar’s neck gives away his ‘Dr’ prefix. The bespectacled paediatrician in a crisp, grey khadi shirt and black trousers alternates between animated … Read more Losing faith: India’s anti-vaccine scourge

Raising a stink: India’s big-little STP problem

There is one reality we are confronted with in almost all major Indian cities—the unmistakable, unshakeable stench of rotting sewage. Year after year, Bengaluru’s lakes continue to froth angrily because of the high level of waste in them. But these lakes aren’t outliers. Like clockwork, every torrential monsoon in Mumbai sees the city’s roads flooded … Read more Raising a stink: India’s big-little STP problem

Trapped in transition: The rough road ahead of Vodafone Idea

The key takeaway from telecom giant Vodafone Idea’s first ever analyst meeting was this—the company doesn’t expect the two-year-old tariff war to continue. From here on out, the company believes that tariffs will cease the downward spiral they have been on since Reliance Jio first sent the telecom industry into a tizzy by lowering data … Read more Trapped in transition: The rough road ahead of Vodafone Idea