The Core Report

From Fraud to Fortune: The CG Power Revival Story explores one of India’s biggest corporate turnaround stories, as Financial Journalist Govindraj Ethiraj speaks with Natarajan Srinivasan, author of The Great Revival, about how CG Power went from fraud allegations, debt and shutdown factories to a remarkable comeback under the Murugappa Group. In 2019, a whistleblower disclosure shocked markets. Ba...

On Episode 867 of The Core Report, financial journalist Govindraj Ethiraj talks to Pranav Haldea, Managing Director at PRIME Database Group as well as Professor Ram Singh, Director of the Delhi School of Economics and member of the Monetary Policy Committee of the Reserve Bank of India. SHOW NOTES (00:00) Stories of the Day (00:50) How long will it take for energy supplies to stabilise if the war...

On Episode 866 of The Core Report, financial journalist Govindraj Ethiraj talks to Rajesh Nambiar, President at Nasscom as well as Pranav Haldea, Managing Director at PRIME Database Group. SHOW NOTES (00:00) Stories of the Day (01:00) Markets rise on fresh hopes of a deal between Iran and the US (03:49) Law firms appear to give clean chit to HDFC Board on Chairman’s resignation (05:41) Indian midc...

On Episode 865 of The Core Report, financial journalist Govindraj Ethiraj talks to Dipti Deshpande, Principal Economist at Crisil as well as Sai Giridhar Raj Kumar, Vice President at the Federation of Automobile Dealers Associations (FADA). SHOW NOTES (00:00) Stories of the Day (01:00) Ceasefire break down turns markets nervous again, backchannel negotiations appear to be holding (04:40) Kiran Maz...

On Episode 864 of The Core Report, financial journalist Govindraj Ethiraj talks to Ambareesh Baliga, Market Expert as well as an excerpt from our extended interview with Neha Agarwal, MD & Head – Equity Capital Markets at JM Financial Institutional Securities. SHOW NOTES (00:00) Stories of the Day (01:00) Markets recover but oil prices are jittery once again. Looking back at the last two month...

On Episode 863 of The Core Report, financial journalist Govindraj Ethiraj talks to Captain Sam Thomas, President at ALPA India as well as Garima Kapoor, Economist & Deputy Head of Research at Elara Securities (India). SHOW NOTES (00:00) The Take: India's Next Global Champion Should Be Built, Not Debated (05:38) Markets set for a more stable start as the US and Iran seek off-ramp (07:50) Th...

Why Smart Money Is Betting Big On India IPOs Again In 2026 is a deep dive into India’s IPO market, domestic capital, smart money flows, and the next big themes shaping Indian equities. In this episode of The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with MD & Head – Equity Capital Markets at JM Financial Institutional Securities, on why India’s IPO pipeline cou...

Navigating Market Risk is a special series from The Core Report Weekend Edition with Govindraj Ethiraj, focused on investment strategy, market volatility and the big risks shaping 2026. In this episode, fund managers Navigating Market Risk is a special series from The Core Report Weekend Edition with Govindraj Ethiraj, focused on investment strategy, market volatility and the big risks shaping 202...

On Episode 860 of The Core Report, financial journalist Govindraj Ethiraj talks to Puneet Gupta, Director, India & ASEAN Automotive Market, S&P Global Mobility as well as Jatin Kalra, Partner–CFO Advisory at Grant Thornton Bharat. SHOW NOTES (00:00) Stories of the Day (01:00) A small cap revival is lifting market moods (04:58) Can gold touch $8,000? (06:01) People are investing more in gol...

On Episode 859 of The Core Report, financial journalist Govindraj Ethiraj talks to Atanu Mukherjee, CEO at Dastur Energy as well as Thomas V Abraham, Research Analyst at Mirae Asset Sharekhan. SHOW NOTES (00:00) Stories of the Day (01:19) Markets slide as oil prices rise again (04:12) Nestle bucks sluggishness in FMCG, stock hits fresh high (04:44) Indigo, Air India have told the Government they a...

On Episode 858 of The Core Report, financial journalist Govindraj Ethiraj talks to Victor Vanya, Director and Co-Founder at EMA Solutions as well as Ajay Srivastava Founder of the Global Trade Research Initiative (GTRI). SHOW NOTES (00:00) Stories of the Day (01:19) Markets take solace from potential back-channel developments in Iran-US negotiations (04:02) Why India’s agriculture sector may not b...

On Episode 857 of The Core Report, financial journalist Govindraj Ethiraj talks to Ashok K. Bhattacharya, Editorial Director of the Business Standard as well as Anand Kulkarni, Director at Crisil Ratings. SHOW NOTES (00:00) The Take (04:31) More downgrades are hitting Indian markets as the economy faces second order impact (07:50) It is time the Government starts addressing the macro economic chal...

ATM Business Secrets! How India Moves 40 Lakh Crore Cash? Govindraj Ethiraj speaks with Rajiv Kaul, CEO of CMS Info Systems, to break down India’s cash economy, ATM business, and why cash is still growing despite UPI, fintech, and digital payments. India has over 40 lakh crore currency in circulation . ATMs still process thousands of crores every day. Retail stores, banks, petrol pumps, hospitals,...

On Episode 855 of The Core Report, financial journalist Govindraj Ethiraj talks to M.V. Ramana, Professor; Simons Chair in Disarmament, Global and Human Security at the University of British Columbia and a nuclear power expert. SHOW NOTES (00:00) Stories of the Day (01:00) Official Government figures on how much oil retailers are losing per litre of petrol and diesel sold (03:34) HSBC says India n...

On Episode 854 of The Core Report, financial journalist Govindraj Ethiraj talks to Manas Majumdar, Partner and Leader Oil & Gas, Fuels & Resources at PwC India as well as Krishnan Sitaraman, Chief Ratings Officer at Crisil Ratings. SHOW NOTES (00:00) Stories of the Day (00:50) Prices are rising now, across the board, what will a fuel price hike look like? (04:11) The markets dip as peace t...

On Episode 853 of The Core Report, financial journalist Govindraj Ethiraj talks to Captain Shiv Samrat Kapur, Managing Director at Sentosa Ship Brokers. SHOW NOTES (00:00) The Take (05:38) India stocks gain as timeline fatigue continues (09:05) Russian oil dominates India’s energy stack again (10:59) What the latest flow of Indian tankers through the Gulf is telling us. (23:53) Feedback The Core p...

On Episode 852 of The Core Report, financial journalist Govindraj Ethiraj talks to Amit Goel, Co-founder & Chief Global Strategist at PACE 360 as well as Dharmesh Trivedi, Founder at Dharmesh L Trivedi & Co. and Founding Member at PEVC CFO Association. SHOW NOTES (00:00) Stories of the Day (00:50) The markets are back on standby as negotiations between the US and Iran are held off (06:51)...

On Episode 851 of The Core Report, financial journalist Govindraj Ethiraj talks to Brian Torrey, General Manager - India and West Asia at Scoot as well as Arihant Jain, Fund Manager and Senior Investment Analyst at Franklin Templeton Asset Management (India). SHOW NOTES (00:00) The Take: The Lost Art of the Adventurer Capitalist (04:50) Resumption of peace talks will provide a floor to the markets...

Biofuels in India may be the big energy opportunity everyone missed. In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj speaks with Suhas Baxi, Co-Founder and Chief Executive Officer of Biofuel Circle about biofuels, compressed biogas, ethanol, biomass, agri waste, and how India can cut fuel imports while strengthening energy security. India imports most of...

On Episode 849 of The Core Report, financial journalist Govindraj Ethiraj talks to Vibhuti Garg, Director at South Asia at Institute for Energy Economics and Financial Analysis (IEEFA) as well as Dr. Jaijit Bhattacharya, President of the Centre for Domestic Economy Policy (CDEP) Research. SHOW NOTES (00:00) Stories of the Day (00:50) Global markets ride on unbelievable exuberance (05:41) IMF offic...

On Episode 848 of The Core Report, financial journalist Govindraj Ethiraj talks to Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank; Adelle Thomas, Director of Adaptation at NRDC and Vice Chair of the IPCC Working Group; as well as Krishnan Sitaraman, Chief Ratings Officer at Crisil Ratings. SHOW NOTES (00:00) Stories of the Day (00:50) The markets cheer the words as always but why the acti...

On Episode 847 of The Core Report, financial journalist Govindraj Ethiraj talks to Vipin Malhan, President of the Noida Entrepreneurs Association as well as R. Gopalakrishnan, former executive director of Tata Sons Ltd, about a new book he has co-authored, Chanakya and Sun Tzu: A Business Lens on Trade, Thought and Travel . SHOW NOTES (00:00) Stories of the Day (00:41) A bigger worry for oil: dema...

In this conversation on The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with JPMorgan’s Jahangir Aziz to unpack India savings rate, India economy risks, global war impact on oil prices, and what it means for India growth, markets, and the future of investing. Why do Indian households save so much money even when the economy is growing? Is it culture or is it fear. We...

On Episode 845 of The Core Report, financial journalist Govindraj Ethiraj talks to Siraj Hussain, Former Secretary at the Ministry of Agriculture and Ministry of Food Processing. SHOW NOTES (00:00) The Take (05:00) Why markets might absorb the ceasefire talk breakdown in their stride. (10:17) Oil shocks are now spreading to Europe as realisation dawns. (12:43) Dubai is restricting flights from Ind...

How War and LNG Supply Threaten India’s Fertiliser Sector — in this episode of The Core Report Special Edition, Financial Journalist Govindraj Ethiraj speaks with Siraj Hussain, Former Secretary, Ministry of Agriculture and Ministry of Food Processing about how war, LNG shortages, urea imports, DAP supply, and monsoon risk could impact India’s fertiliser sector, agriculture economy, and food secur...