Dev Chandrasekhar

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

Mahindra Pursues Toyota-Inspired Consolidation to Unlock Manufacturing Scale

The ₹150 billion unified production strategy replaces dispersed facilities to compete through operational leverage, platform adaptability, and asset efficiency

Dev Chandrasekhar

February 11, 2026 at 5:09 AM IST

iStock.com

Adani Green's Growth Machine Faces a Reckoning on Value

Opinion

India's largest listed renewable company demonstrates execution prowess, but collapsing profits and highly leveraged debt raise questions about premium valuations.

Dev Chandrasekhar

January 30, 2026 at 5:40 AM IST

Adani Green Energy

GAIL is Embedding Itself at Scale into India's Energy Infrastructure

Opinion

GAIL continues to be perceived as a mature utility even as it invests in becoming a total infrastructure play.

Dev Chandrasekhar

January 24, 2026 at 5:13 AM IST

iStock.com

Indian Oil’s Hefty Green Transition Bill Comes With Struggling Payback

Opinion

The prospects of IOC's green energy initiative appear shaky, forcing costly capital choices between profitable fossil operations and renewables commitments.

Dev Chandrasekhar

January 16, 2026 at 8:36 AM IST

iStock.com

Why L&T’s Defence Business Feels Strategic but Not Profitable

Opinion

L&T has built India’s broadest private defence platform, but slow procurement, falling margins and long gestation test whether patience can still pay investors.

Dev Chandrasekhar

January 8, 2026 at 9:10 AM IST

PIB

Coal India Chooses Ops Expertise over Strategic Transformation

Opinion

The world’s largest coal producer appears all set hunker down on optimising coal infrastructure even as demand and supply turn towards renewables, abandoning transformation for managed decline

Dev Chandrasekhar

December 19, 2025 at 12:13 PM IST

iStock.com

How Power Reforms Pulled BlackRock Into Grasim’s Renewables Play

BlackRock’s India renewable bet hinges on the draft Electricity Bill, which reshapes captive power economics, derisks tariffs, and rewrites industrial energy math.

Dev Chandrasekhar

December 16, 2025 at 7:04 AM IST

India's Proposed AI Labelling Rules Won't Stop Deepfakes — They'll Stifle Innovation

A cottage industry of vendors, consultants, and certification schemes is poised to add new layers of cost that slow product development and burden users, even as actual threats slip through undetected.

Dev Chandrasekhar

November 20, 2025 at 4:26 AM IST

Dragon Claws/iStock.com

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

File photo

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

File photo

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

The Bureau

Bears Dominate Dalal Street, Equities Log Decline Led by Financials

Pakistan Bombs Afghan Cities, Minister Says it is ‘Open War’: Reports

Risk Appetite Wavers After Nvidia Slide and Iran Talks Stall

SEBI Overhauls Mutual Fund Categories, Ends Solution-Oriented Plans

Stablecoins Are Raising New Risks for Emerging Markets

FTA Revival and Uranium Deal Could Define Carney’s Visit: GTRI

US Slaps 126% Duty on Indian Solar Exports, Subsidised Parts From China Under Lens

Duvvuri Subbarao on India’s Growth, Inflation Targeting and Centre–State Faultlines

Learning to Shoot: I Tried to Fly Before I Could Walk