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Business

The economy, markets, deals, policy and industries, plus Money for your own finances.

Business · Section lead

Karnataka’s 1 GW data‑centre plan hinges on efficiency rules

The state’s new policy puts efficiency at the centre of its data-centre push. Developers still need the rules for qualifying, measuring performance and keeping incentives.

Karthik K Raman · 7 min read
Server racks and power infrastructure in an ivory and gold conceptual collage.

Latest in Business

Electrolyser modules, storage tanks and solar infrastructure in an ivory and gold conceptual collage.
business

Brookfield’s $600 million ACME bet enters a shrinking hydrogen pipeline

The deal gives ACME a major sponsor as the global hydrogen project pipeline contracts. Offtake, power costs and financial close will decide which plants get built.

Karthik K Raman · 6 min read
Cargo vessel, steel scrap and dockside crane in an ivory and gold conceptual collage.
business

India’s scrap buyers face an EU cutoff. The next deadline is October 16

Consultation closes on October 16, 2026. Proposed EU waste-export rules could interrupt India’s metal-scrap supply from May 21, 2027.

Karthik K Raman · 5 min read
Hospital beds, clinician silhouette and building plans in an ivory and gold conceptual collage.
business

Advent’s ₹3,150 crore hospital bet starts with 450 beds still to open

Yatharth has the capital to expand. Turning its announced capacity into staffed, occupied hospitals will determine what that investment earns.

Karthik K Raman · 4 min read
Unbranded smartphone, payment terminal and Indian city fragments in an ivory and gold conceptual collage.
business

UPI’s October 15 fee puts high‑value payments to the test

Selected bank-account-funded payments above ₹2,000 are scheduled to cost merchants up to 0.4% from October 15, 2026. Customers remain exempt.

Karthik K Raman · 9 min read
Zepto revenue and adjusted EBITDA in crore rupees: FY24 4,455 and -1,125; FY25 11,110 and -4,522; FY26 22,624 and -5,042.
business · The Breakdown

Zepto’s IPO is a public‑market test of speed, scale... & burn?

The UDRHP shows a company with 640 million annual orders, 1,139 stores and ₹22,624 crore of FY26 revenue. It also shows adjusted EBITDA losses above ₹5,000 crore and an ownership structure still anchored by founder trusts and venture backers.

Karthik K Raman · 8 min read
Corporate architecture and financial fragments in an ivory and gold conceptual collage.
business · The Breakdown

Persistent Just Made the Biggest Acquisition in Its History. So why did it plunge 11% in a Day?

Persistent’s proposed Nagarro acquisition would expand its European business, but its premium and integration costs have raised questions about returns.

Karthik K Raman · 4 min read
Office worker, robotic hand and corporate architecture in an ivory and gold conceptual collage.
business · The Breakdown

Indian IT Has Already Chosen Its AI Strategy. Sell the Transformation Instead of Fighting It.

Investors feared AI would disrupt Indian IT. Microsoft said Infosys, TCS and Wipro had each expanded Microsoft 365 Copilot licensing to more than 100,000 employees; TCS reported over $2.3 billion in annualised AI revenue in Q4 FY26.

Karthik K Raman · 2 min read

Deals

All Deals
Electrolyser modules, storage tanks and solar infrastructure in an ivory and gold conceptual collage.

Brookfield’s $600 million ACME bet enters a shrinking hydrogen pipeline

Hospital beds, clinician silhouette and building plans in an ivory and gold conceptual collage.

Advent’s ₹3,150 crore hospital bet starts with 450 beds still to open

Corporate architecture and financial fragments in an ivory and gold conceptual collage.

Persistent Just Made the Biggest Acquisition in Its History. So why did it plunge 11% in a Day?

Policy & Trade

All Policy & Trade
Server racks and power infrastructure in an ivory and gold conceptual collage.

Karnataka’s 1 GW data‑centre plan hinges on efficiency rules

Cargo vessel, steel scrap and dockside crane in an ivory and gold conceptual collage.

India’s scrap buyers face an EU cutoff. The next deadline is October 16

Unbranded smartphone, payment terminal and Indian city fragments in an ivory and gold conceptual collage.

UPI’s October 15 fee puts high‑value payments to the test