Daybreak

India just found natural gas off the Andaman coast. The energy minister called it "an ocean of energy opportunities." Considering India's energy vulnerabilities, this is a significant find, even if commercial production is a decade away. Because in the meantime, the war on Iran has doubled LNG prices, cut off Qatar (which supplied nearly half of India's imports) and pushed India into buying six ti...

Every month, millions of Indians pay their LIC premium without a second thought. What they don't realise is that money is quietly buying up India's most beaten-down stocks — the ones foreign investors are dumping, the ones mutual funds won't touch, the ones everyone else is running from. For decades, LIC was the only institution large enough to hold Indian markets together during a sell-off. That...

Two million students. One lakh twenty thousand seats. And a paper that leaked before anyone sat down to write it. This is the second NEET leak in two years. The National Testing Agency was created specifically to prevent this. A parliamentary panel had already warned, after last year's controversy, that the NTA was too dependent on private vendors and lacked the institutional capacity to run exams...

Amazon built a leaderboard to track how much AI its engineers were using. Employees gamed it. Costs exploded. Last week, the leaderboard was gone. Uber burned through its entire annual AI budget in four months — after telling staff to use AI "as much as possible." Microsoft cancelled most of its Claude Code licences six months after rolling them out. Three companies, the same couple months, the sa...

Andhra Pradesh wants to be India's data centre capital. Google, Meta, and Reliance have all been promised space in Vizag. To make it work, the state did something it has never done before — handed Google its own electricity licence, letting it bypass the state grid entirely. The logic is straightforward. The consequences are not. When large consumers leave the grid, electricity gets more expensive...

Anthropic raised $65 billion last week making it the largest funding round in AI history. It also filed for an IPO days later. So did OpenAI and SpaceX after its merger with xAI. Three of the most powerful AI companies in the world are heading to public markets in the same window. They're flush with capital but burning through more than they earn.  Meanwhile, the startups that were supposed to be...

Swiggy CEO Sriharsha Majety told Bloomberg in an interview last week that his company would stay out of the spending war being waged by Amazon, Flipkart, and Reliance in India's quick commerce market. He invoked the Airtel-Jio price war as a precedent, argued that chasing market share through discounts only postpones the problem, and said Swiggy has Rs 15,000 crore in the bank to play the long gam...

Seventeen foreign universities have set up campuses in India in two years. Most can't fill their seats. And a Rs 1,000 crore scholarship push launched last month is the most visible sign yet that something isn't working. The pitch is this: a western degree without the visa hassle, at Rs 15 to 25 lakh a year, which is roughly what Ashoka and Plaksha charge, but without the research environment or t...

India has pumped over $33 billion into BSNL since 2019. But the person running the company finds out every three months if they still have the job. Multiple candidates have been interviewed for the full-time position but no one has been hired yet. The finances have improved in the last two years but the telco's market position has kept sliding. And the decisions that actually matter — where to lau...

A mutual fund executive told our colleague something shocking: "SIPs are a problem." Part of the shock came from the fact that it  was coming from someone in an industry that was basically built on "SIP sahi hai." Now a new research paper backs up that controversial take—and the findings contradict what millions of Indian investors have been told about systematic investment plans. Turns out the ma...

In 1998, a Metal Gear Solid villain named Psycho Mantis read your memory card out loud and made your controller vibrate on its own. Players were stunned. It felt like a genuine invasion. And they loved it. In 2026, Microsoft built an Xbox assistant that could do roughly the same thing. Plus some more. Track your history, read your screen, coach you through the game. Players were stunned. It felt l...

From airports to cricket broadcasts, India's family conglomerates keep turning up everywhere. According to the 2024 Barclays-Hurun report, one family's wealth alone equals nearly one-tenth of everything India produces in a year. India is running a version of the economic playbook that South Korea and Indonesia once ran — protect your conglomerates and let them do the building. South Korea came thr...

Bookmyshow has spent two decades building India's live events business. It organised Coldplay's India tour, controls 70% of online movie ticketing, and has long-term exclusive deals with nearly every major multiplex chain. Then Zomato launched District in August 2024. In its first full year, it quadrupled revenue, edged past Bookmyshow on app downloads, and became the exclusive ticketing partner f...

On Wednesday, Meta began firing 8,000 people. This makes up 10% of its global workforce. The cuts started at 4am on 20 May, rolling across time zones. People found out by email. Meta's quarterly revenue that same week: $56 billion. It's capex guidance for 2026: up to $145 billion, almost all of it going into AI. This is the current trend in Big Tech: record profits, mass layoffs, redirect to machi...

Adani Group has spent the last decade building India's largest private airport empire. But owning nine airports turned out to be only the beginning. From aircraft maintenance to pilot training to ground handling, the group is now reaching into every corner of the aviation business. Airlines operating at Adani airports are already feeling the squeeze — on pricing, on vendor choice, on the terms of...

Virat Kohli's new Meta Oakley ad has 40 million views in two weeks — more than every other athlete in the global campaign, including the one that aired during Superbowl.  The tagline says Athletic Intelligence is here.  But the ad shows the glasses answering questions, playing music, and recording a slow-motion shot. The athletic part is mostly just Kohli. India's smart wearables market is set to...

Three weeks before the FIFA World Cup kicks off in the US, India still does not have a broadcaster for the tournament. JioStar offered $20 million. FIFA said no. Sony did not bid at all. A petition has reached the Delhi High Court asking that matches at least air on Doordarshan. The easy explanation is that FIFA got greedy.  But that does not explain how the world's biggest sporting event ends up...

The Indian government just moved two million email accounts off NIC's servers onto Zoho's cloud.  The reason the government decided to leave behind a system it had built and run for 40 years? A list of issues; including ransomware attacks, power outages, and even a blackout on a New Year's Eve that knocked out Parliament's website. The fix was a seven-year, 200 crore rupee contract with a private...

Jio Studios is now the largest production house in India by revenue, catalogue, and box-office share. It got there fast. Stree 2, Laapataa Ladies, Dhurandhar, all Jio. The Dhurandhar franchise alone is closing in on Rs 3,000 crore worldwide. Meanwhile, Dharma, Excel, Maddock, and Bhansali have all sold significant stakes just to stay in the game. Jio simply does not need to. It has Reliance's tele...

Gen Z was supposed to be AI's most enthusiastic adopters. For a while, they were. Then the hiring froze, the jobs disappeared, and the tools got good enough to make the question uncomfortably personal. Excitement about AI among Gen Z is down 15% since last year. Anger is up 9%. But the more interesting story isn't the sentiment shift — it's what's happening underneath it. Writing skills degrading...

Air India’s board met in Mumbai last week to discuss cost cuts, CEO succession, and whether to start charging business class passengers separately for meals and lounge access. The airline is projecting losses exceeding ₹22,000 crore for the financial year just ended, nearly double the year before. Campbell Wilson is stepping down as CEO. International flights are being cut by over 20%. Jet fuel co...

On a Wednesday morning in April, The Ken's Mrunmayee Kulkarni went to Rushikonda beach in Visakhapatnam looking for a manhole. She found it — a concrete chamber with a reinforced lid, no armed guard, no exclusion zone, no legal protection. In a few years, it will be one of the landing points for the world's longest undersea cable. 95% of India's internet — every payment, every message, a $341 bill...

India's carmakers are staring down a deadline.  In less than a year, new emission norms will require them to dramatically cut their carbon output — or pay hundreds of millions of dollars in fines. Electric vehicles were supposed to be the answer. But the batteries aren't ready, the infrastructure isn't there, and adoption has been slower than anyone predicted. So the industry has quietly pivoted t...

India's best AI models are confidently wrong. Not occasionally — structurally. If you put two unrelated ideas into a prompt, the model will usually invent a connection rather than admit that none exists. In this piece, The Ken's Debanjali Biswas traces what a five-month study of leading AI models — from OpenAI, Anthropic, and Google — actually found about how they reason. The results landed almost...

A two-year-old think tank backed by Adani just got 14 of its suggestions, some of them word for word, written into a law passed by Parliament. That law opened India's nuclear sector to private players for the first time in history. Months later, Adani floated a new subsidiary to enter the same field. The think tank is called Chintan Research Foundation. It started in a South Delhi cafe. It calls i...