Marcellus Insights

Short read: What’s behind bond yields’ logic-defying spike? The market’s concern over the future

For the last couple of years, even as India’s equity indices have held up, the bond market has been sending a very different signal – that of rising risk and growing concerns. However, until 6 months ago, India’s benchmark bond yield – the 10 year Government bond yield – seemed to be reasonably insulated from […]

Long read: The Electric Slide

A few weeks ago, we featured a piece by Andreessen-Horowitz on the Electro-Industrial stack about how the convergence of software and the physical world through electro-mechanical technologies like batteries, motors, etc allows for a new tech stack that will define the future. This piece is a more detailed follow up to that, in that it helps us […]

Long read: How Panchayats Falter In Collecting Revenue

Tax collections in India – both direct and indirect – are throttling off at an alarming rate. This is likely to become a major issue as we approach the Union Budget in February 2026. Priya Verma’s article in IndiaSpend is interesting in this broader context because it helps us understand why nearly 80 years after […]

Long read: Fifty Years After History’s Most Brutal Boxing Match

We celebrate the 50th anniversary of one of the greatest sporting events ever witnessed. Almost everyone who saw Muhammad Ali (aka Cassius Marcellus Clay, the inspiration behind our firm) take on Joe Frazier for the World Heavyweight Title on 1st October 1975 in Manilla agrees that that was greatest match they had ever seen. With […]

India’s 5-layered Consumer Stimulus; More Needed

Summary: After a five-year flirtation with boosting public capex, the Government of India is now focusing on the main engine of India’s economic growth: Consumption. The last 6 months have seen the announcement of a 5-layered boost for domestic consumption including the keenly awaited GST cuts. Cumulatively, these stimuli added up to 1.8% of GDP […]

Short read: Going Terminally Offline

The malaise of social media cannot be overstated. As this piece by Nick Magguilli recounts social media’s reaction to the recent assassination of Charlie Kirk, an American political activist. He was specifically referring to the slew of comments cheering the killing: “How anyone could cheer for such a thing is beyond me. That’s when it […]

Short read: What do people actually use ChatGPT for? OpenAI provides some numbers.

Over the past year or so, we and most people we know, all have explored ChatGPT or Perplexity or some such AI tool in our lives – professional and personal, to varying degrees and increasingly so. But what do the 700m users on ChatGPT, the most popular of them all, with 2.5bn daily messages actually […]

Short read: The Indian city that sparkles like Paris at night

Long read: The making of Mondo: How Duplantis is reaching new heights

A remarkable development in recent times is the dominance of specific individuals in sport. Tennis witnessed almost two decades of dominance by the troika of Roger Federer, Rafael Nadal and Novak Djokovic. The world was waiting for the sport to get democratised as these legends inevitably aged, only to see a new era of ‘Sincaraz’ […]

Long read: How separate lifts in Mumbai highrises sustain caste prejudice in the city

Nolina Minj of Scroll takes all of us who live in buildings which have separate “Service Lifts” to task in this hard-hitting essay. If you are someone who enjoys the fact that the people working for you use Service Lifts you might want to skip this article. Service Lifts says Ms Minj not only eat […]

Long read: India’s Data Workers: The Human Labour Making Machines Learn

Whilst it is increasingly obvious that AI and workplace automation is adversely affecting the Indian job market thanks to multiple rounds of layoffs from tech companies (and more silent job cutting by Financial Services and Media companies), Neha Arya points out that the world has seen multiple rounds of tech driven job destruction and creation […]

Short read: Is the decline of reading making politics dumber?

If you are one of those who looks forward to the Three Longs and Three Shorts every Sunday or any other form of reading, you should know that you are a rare and dwindling breed. The Economist follows up the FT piece we featured last week on the same subject of the decline of reading as a habit. So, […]