Tonight’s FIFA World Cup football final couldn’t have been a tastier match up, not just because Argentina and Spain were the top 2 in the FIFA pre-tournament rankings but also are the two teams who play a brand of football that does justice to the sport’s billing as the beautiful game. And even more remarkable […]
The rupee’s decline since 1991 — from ₹18 to ₹96 per dollar — has been the calmest depreciation in the emerging world, built on three pillars: a state that funds itself in its own currency, a large reserve buffer, and a credible central bank. All three pillars are eroding now. Usable FX reserves are ~US$439bn, […]
Enterprise users of AI have already begun questioning the cost benefit as they realise the cost of tokens (sort of unit of AI use) is not commensurate to the value they are deriving. Whilst more efficient models and better chips will likely bring down token costs in due course, there is another rather implicit cost […]
Those who followed the “soft landing” debate over the last few years will remember the cautious optimism of 2023: inflation was falling, unemployment wasn’t rising much, and for once the textbook trade-off between the two seemed to be behaving itself. Nicolas Petrosky-Nadeau, an economist at the Federal Reserve Bank of San Francisco, was one of […]
Among the myriad ways AI is disrupting the world is an age-old electrical technology – transformers. Transformers are ubiquitous in their use for transport and use of electricity – they ‘step up’ or increase the voltage at power generation plants to allow efficient transmission over long distances through the electrical grid and ‘step down’ or […]
Anyone who has stood on an Indian railway platform watching a sleeper coach fill up in minutes will recognise the scene ETB Sivapriyan opens this piece with: “Videos of passengers jostling to board trains from the washing pit lines at Darbhanga Junction in Bihar, hoping to secure seats on a sweltering June afternoon, went viral […]
Many of us have seen an elder in the family or amongst relatives losing their minds. And we fear it might happen to us too as we age. As expected, a whole industry has grown up to feed on that fear. In this superb piece, physician William Meller uses the stories of two famous actors […]
Football is by far the world’s most popular and most lucrative sport. The Football World Cup has now been played for 96 years. In those 96 years, India has never played a single match in the World Cup. And yet, every World Cup is actively followed and fanatically cheered on by Indian viewers. The parallels […]
As fiscally squeezed nation states retreat from providing the essentials of life, the private sector steps in to provide public goods. In India, 47% of healthcare is paid out of pocket; roughly half of schoolchildren are in private schools; and 9 million private security guards compare against 2.1 million police. The wealth from this great […]
The football world cup is billed the greatest show on the planet for a reason. Besides the sheer joy of watching the beautiful game on TV, it is incredible to see the fans from around the world passionately cheering for their countries. And the standout sight of this world cup has to be the Norwegian […]
As the wealth management industry in India grows apace — India added more dollar millionaires last year than any other country in Asia — a question worth asking is: what are wealthy people actually like? Elizabeth George spent 20 years as a private banker in the US, beginning with clients who needed $1 million in […]
Every May-June, as Delhi and Bombay brace for 45 degree afternoons, we get a reminder of how well Indian buildings, habits and infrastructure have learned to live with heat: thick curtains drawn at noon, siestas built into the workday, ACs that have become almost a utility rather than a luxury. So, it has been strange […]
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