Dev Chandrasekhar

Dev Chandrasekhar advises corporates on big picture narratives relating to strategy, markets, and policy.

SEBI's Derivatives Pullback Will Drive Speculation Offshore

Longer-dated contracts and reduced leverage will push trades to alternative assets and foreign jurisdictions, defeating the regulator’s objectives.

Dev Chandrasekhar

Sunil Goel

August 26, 2025 at 2:29 PM IST

Squeezed for the State, Royalty Payout Hits NMDC

India's iron ore giant generates record production and surging revenues, but margins collapse as state royalty mechanisms consume 40% of the top line.

Dev Chandrasekhar

August 25, 2025 at 12:47 PM IST

NMDC webiste

Can Tata Motors Pull Off Another JLR with Iveco?

The €3.8 billion debt-financed acquisition requires flawless execution simultaneously across multiple regulatory jurisdictions, technology platforms, and competitive battlegrounds.

Dev Chandrasekhar

August 13, 2025 at 12:19 PM IST

IVECO website

Dr Reddy's is Betting the Farm on Russia and Obesity Drugs

Dr Reddy's bets big on Russia and semaglutide, risking all on flawless execution as sanctions loom and lenalidomide revenues decline.

Dev Chandrasekhar

August 6, 2025 at 4:25 PM IST

iStock.com/stefanamer

Bajaj Finance’s Premium Valuation Faces Leadership Headwinds

Bajaj Finance’s groomed successor quit in four months, exposing cracks in succession planning just as credit stress and lofty valuations collide.

Dev Chandrasekhar

July 30, 2025 at 10:54 AM IST

Eternal Shows Quick Commerce Is About Plumbing, Not Price

Deep-pocketed E-commerce players are flooding the quick commerce market with discounts, but the real competitive moats lie in mundane operational metrics

Dev Chandrasekhar

July 26, 2025 at 6:09 AM IST

AI Generated

Polycab May Not Be Disrupted the Asian Paints Way

Unlike paint's oligopolistic vulnerability, cables reward specialisation and integrated offerings.

Dev Chandrasekhar

July 22, 2025 at 3:45 AM IST

File photo

Wipro's Paradox: If Deals are Soaring, Why the Flat Guidance?

The Indian IT giant's strong bookings can't mask its revenue struggles, raising questions about execution in a shifting market

Dev Chandrasekhar

July 19, 2025 at 11:29 AM IST

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The Vedanta Patterns Investors and Regulators Should Not Ignore

A 25-years-plus pattern of governance mishaps makes Viceroy's allegations impossible to dismiss

Dev Chandrasekhar

July 18, 2025 at 11:21 AM IST

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Is Titan's Valuation Glow Beginning to Fade?

Titan’s jewellery growth, in April-June, lags expectation amid soaring gold prices and flat buyer base, pressuring its premium valuation outlook.

Dev Chandrasekhar

July 16, 2025 at 9:38 AM IST

iStock.com/rvimages

TCS Margin Gains Is A Mirage Masking Growth Malaise

India's IT bellwether delivers profits, but the underlying business is shrinking. That spells trouble ahead

Dev Chandrasekhar

July 12, 2025 at 7:36 AM IST

File photo

When IPO Red Flags are Allowed Marketing Spin

IPO

Belrise Industries IPO reveals the poor evaluation standards applied by regulators, underwriters, and institutional investors.

Dev Chandrasekhar

July 11, 2025 at 2:18 AM IST

SEBI’s Jane Street Action May Be a Cure Worse Than the Disease

SEBI’s unprecedented enforcement action may have been premature, risking India's global derivatives supremacy on legally shaky grounds.

Dev Chandrasekhar

Sunil Goel

July 4, 2025 at 2:57 PM IST

Jimmy vikas/cc

Torrent-JB Pharma: Strategic Fit, Overpriced Acquisition?

Torrent Pharma’s mega JB Chemicals acquisition signals bold ambition. But will its premium bet on scale and diversification pay off or prove costly?

Dev Chandrasekhar

July 1, 2025 at 6:18 AM IST

iStock.com

TCS's New 225 Billable Days Diktat Points To Desperate Margin Defence

The company wants to be seen as an AI-era pioneer, yet risks painting itself as a digital sweatshop.

Dev Chandrasekhar

June 23, 2025 at 11:01 AM IST

Amol.Gaitonde/Via WikiCommons

Zee’s ₹22 billion Capital Raise Plan Can’t Hide Its Strategic Retreat

Zee’s ₹22 billion warrant issue, despite ₹24 billion in cash, signals weak strategy, promoter control focus, and deepening doubts about future growth.

Dev Chandrasekhar

June 19, 2025 at 10:27 AM IST

Zee Annual Report

India's Oil Stocks Split on Iran-Israel Crisis

The crisis highlights investment tensions: marketers and refiners struggle with volatile costs and regulated pricing, while upstream producers face renewable transition risks.

Dev Chandrasekhar

June 16, 2025 at 8:07 AM IST

istocks/imaginima

Jane Street’s Trades Reveal Global Options Sellers Rigged Indian Indices

SEBI’s probe exposes how India built the world's largest options market on a foundation of systematic retail exploitation

Dev Chandrasekhar

Sunil Goel

June 16, 2025 at 5:47 AM IST

iStock.com

Warner Bros. Discovery’s $43 Billion Warning For Indian Media Investors

Indian media companies such as Zee Entertainment and Sun TV face similar constraints or worse, burning cash on convergence strategies without sustaining competitive advantage in either traditional broadcasting or streaming.

Dev Chandrasekhar

June 12, 2025 at 10:01 AM IST

Via WikiCommons

Will Factor-Based Indices Help BSE Get Back Some Long-Lost Index Shine?

BSE's strategic attempt to challenge NSE's overwhelming dominance in India's passive investing market faces formidable structural barriers.

Dev Chandrasekhar

May 30, 2025 at 8:41 AM IST

The Bureau

India’s Economy Expands 7.8% in June Quarter, Highest in Five Quarters

Rupee Hits Record Low as Tariff Shock Fuels FPI Outflows

Trump Tests the Guardrails of US Credibility

India’s Industrial Output Growth Hits Four-Month High of 3.5% in July

Fed Eyes Data Before Rate Decision; Trump’s 50% Tariff on India in effect

Fitch Affirms India Rating Days After S&P Upgrade, Points to Tariff Risks

Lifting the Lid on Regulatory Silence

How Some Importers Mined a Scheme for Exporters to Dodge Exchequer

Sanjeev Sanyal on Trump, India’s Growth Path, and Process Reforms

Sarci-Sense: About Silent Goodbyes & How Middle-Age Friendships Disappear

iStock.com