The Morning Context app is now on iPad. Deeper, clearer, and more immersive. Your favorite stories, now optimized for a bigger screen. Get it today: https://apps.apple.com/in/app/the-morning-context/id1551672701?platform=ipad

The SC's cancellation of JSW Steel's acquisition of Bhushan Power reinforces a key message: the integrity of the IBC process matters more than the outcome. Upholding the system ensures ... https://themorningcontext.com/business/sc-scrapped-bhushan-power-and-steel-deal-to-protect-ibc-not-undermine-it

Urban Company, valued at over $2 billion, is gearing up for an IPO with a target of raising Rs 1,900 crore, down from the initially rumored Rs 3,000 crore. Despite impressive execution, the firm face... https://themorningcontext.com/internet/urban-companys-growth-has-hit-indias-income-divide-reality

Samsung asked an Indian tax tribunal to rescind a $601 mn tax demand for allegedly misclassifying imports to avoid tariffs on a critical transmission part used in mobile towers, according to Reuters. https://themorningcontext.com/internet/samsung-fights-601-million-tax-notice-points-at-reliance

With top-level exits and an ongoing cleanup, what's next for IndusInd Bank? Will the RBI's pursuit of accountability lead to more departures, and how will this affect the bank's new leadership and financial... https://themorningcontext.com/business/exits-not-enough-rbi-wants-indusind-bank-to-do-more

Ather Energy's IPO saw a 1.43x subscription after three days, with 16% on the first day and 28% on the second. The price band was set between Rs 304 and Rs 321 per share. Sethu Pradeep reports: https://themorningcontext.com/internet/ather-energys-ipo-fully-subscribed-on-final-day-of-bidding

With ₹220 crore in government support, Sarvam AI is building India's first full-stack generative AI system—from foundational language models to the platforms powered by them. Sethu Pr... https://themorningcontext.com/yesterday/should-sarvam-ai-open-source-its-models-after-getting-government-support

InterGlobe Hotels and Accor are raising the stakes in India's hospitality game. By joining forces and investing in Treebo, they're aiming to take on Tata's IHCL and Marriott, with a combined portfoli... https://themorningcontext.com/business/indigos-rahul-bhatia-may-have-another-winnerin-hospitality

As India battles temperatures soaring past 44°C, air conditioners are no longer just about comfort—they're becoming a survival tool. The AC boom shows who can afford to stay cool and who can't. The story is free to read for the next 48... https://themorningcontext.com/chaos/indias-growing-ac-divide

India is leading the lab-grown diamond boom with more startups than anywhere else in the world and big VC money flowing in. But in a crowded market, who will actually scale and win? Hiral Goyal u... https://themorningcontext.com/internet/lab-grown-diamond-is-the-latest-gold-rush-for-indian-startups

IndusInd found the discrepancy during an internal review related to the RBI Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Ban... https://themorningcontext.com/yesterday/indusind-banks-near-rs-2000-cr-financial-dent-was-caused-by-incorrect-accounting

Peak XV is setting up camp in the Bay Area. After its split from Sequoia US, the India-born VC is now assembling a team to chase American startups. Smart move? Or a crowded gamble? Ashish K Mishra writes: https://themorningcontext.com/internet/peak-xv-partnerss-american-distraction

Both packaged consumer goods companies have noted increasing cost of raw material for their products, which include packaged food, coffee, beverages, snacks, chocolates and more. Disha Acharya writes: https://themorningcontext.com/business/hul-nestle-india-report-tepid-q4-results

An invoice discounting platform's sweet deal is turning sour. Full story to be unpacked tomorrow. Stay tuned.

$1.4 billion tax claim. Just 2% market share. Still, Volkswagen is accelerating in India. New launches, EV plans, and a long-term pitch—but can it really go the distance? Azman Usmani drives you through t... https://themorningcontext.com/business/for-volkswagen-tiny-indian-market-is-no-small-matter

The tie-up will involve Cars24 helping Team-BHP boost its technology and artificial intelligence capabilities to offer users improved video and photo review formats, a revamped homepage and new ... https://themorningcontext.com/internet/used-car-startup-cars24-acquires-auto-content-platform-team-bhp

Interestingly, this carmaker has a mere 2% market share in India. Full story coming tomorrow. Stay tuned for the drive ahead.

Founded in 2007, Flipkart moved its base to Singapore in 2011 due to simpler taxation policies, fewer regulatory hurdles and better access to capital. Disha Acharya writes more about this: https://themorningcontext.com/internet/flipkart-to-move-holding-company-back-to-india

The development comes a month after the Directorate General of Trade Remedies (DGTR) proposed a 12% tax as a safeguard duty on some steel imports, including China and Vietnam, for 200 days. Disha Acha... https://themorningcontext.com/business/india-to-impose-12-safeguard-duty-on-some-steel-imports

Lakmé vs The Derma Co: A heated exchange over sunscreen The recent spat between two brands brings to the fore the stiff competition in the largely unregulated skincare industry. Disha Acharya breaks it do... https://themorningcontext.com/yesterday/beyond-the-glare-of-the-honasa-hul-sunscreen-ad-war

Fly ash is a fine powdery residue that is a byproduct of burning pulverized coal in power plants. If released into the environment, it can contaminate water and soil and create serious health issues ... https://themorningcontext.com/business/vedanta-gets-orissa-high-court-stay-on-rs-71-crore-penalty

Swiggy is no longer just about food. Its new app, Pyng, connects users with professionals across finance, fitness, travel, astrology, and more. But with players like Justdial and Topmate in the mix, the question is: wh... https://themorningcontext.com/internet/can-pyng-help-swiggy-break-out-of-a-rut

Swiggy and Zepto promise perks with their memberships—but users are spotting dark patterns instead. From sneaky cart additions to manipulative pricing, are the "benefits" just bait? ⏳ Free t... https://themorningcontext.com/yesterday/swiggy-zepto-membership-plans-offer-no-cover-against-dark-patterns

Between 2023 and 2024, urban female unemployment in India dropped from 7.5% to 6.7%, according to new government data. While this might seem like progress, the full picture tells a different sto... https://themorningcontext.com/yesterday/dip-in-urban-female-unemployment-is-just-a-drop-in-the-bucket

In March, Yes Bank removed senior leaders across SME, private banking, fee business, and strategy as part of a larger move to overhaul its loss-making retail banking vertical. Furquan Moharkan writ... https://themorningcontext.com/business/prashant-kumar-takes-spring-cleaning-route-to-profitability

In March last year, the Securities and Exchange Board of India had issued a notice to Paytm over the shares issued to Sharma in the 2021-22 fiscal. Paytm had granted the shares to Sharma be... https://themorningcontext.com/internet/paytms-vijay-shekhar-sharma-forgoes-21-million-esops-after-sebi-heat

A major shake-up is underway in a bank's retail vertical amid rising costs. Full story out tomorrow.

With Fullerton acquiring a controlling stake last year, Lendingkart has seen an overhaul of the current leadership, trimmed loan disbursements and a halt in product rollouts. Abir Dasgupta writes: https://themorningcontext.com/internet/the-silent-takeover-of-lendingkart

Pyng will be using artificial intelligence to help users find the right professionals by understanding their queries and needs. The app is currently live for users in Bengaluru and available on both iOS and Andr... https://themorningcontext.com/internet/swiggy-launches-pyng-for-professional-services

A quiet storm is hitting a major fintech. The full story lands tomorrow. Can you guess which company this is?

Rapido wants to scale big—500 cities, food delivery, even fintech. But a Karnataka HC order could also put the brakes on its bike taxis in Bengaluru. Disha Acharya explains about Rapido's plans here: https://themorningcontext.com/yesterday/is-rapidos-plan-to-expand-beyond-ride-hailing-a-good-idea

Where is Anita Kishore? She had the numbers. Now investors want answers. Anita, once Byju's key dealmaker, is now at the center of a lawsuit. Her story is free to read for 48 hours: https://themorningcontext.com/internet/everyone-in-the-byjuverse-is-looking-for-anita-kishore

The govt plans to allocate a major chunk of its second ₹10,000 crore "fund of funds" to startups in AI and machine tech. But here's the question: What's the return for taxpayers? Unlik... https://themorningcontext.com/internet/indias-rs-10000-cr-startup-fund-to-focus-on-ai-other-new-age-tech-sectors

The firm also announced the creation of a dedicated investment team for the region, to be led by Julian Barratt-Due, a managing director at KKR with a track record in infrastructure inve... https://themorningcontext.com/business/kkr-appoints-former-cia-director-david-petraeus-as-middle-east-chairman

"Price has to be the starting point. It has been demonstrated time and time again that no asset is so good that it can't become a bad investment if bought at too high a price." - Howard Marks Ujval Nanavati wr... https://themorningcontext.com/business/for-equity-investors-buy-at-any-price-will-fail

Rivaroxaban 2.5 mg is the generic equivalent of Janssen Pharmaceuticals' Xarelto (2.5 mg) and is set to be launched in the first quarter of the 2025-26 fiscal. Sethu Pradeep writes. Read ... https://themorningcontext.com/business/aurobindo-pharma-gets-fda-approval-for-generic-equivalent-of-xarelto

An anti-immigrant sentiment and a crackdown on campus 'wokeism' has left Indian students feeling unwelcome in the US. So, what is the reason behind this? Ashish K. Mishra writes: https://themorningcontext.com/internet/cracks-appear-in-the-american-education-dream

Saudi money and Indian franchises are reshaping cricket's future, as corporate empires challenge the traditional nation-based structure of the sport. Prem Panicker writes: https://themorningcontext.com/chaos/from-nations-to-corporations-crickets-climate-change-moment-is-here

Divya Gokulnath became the face of India's most valuable edtech company, Byju's. What was her role in its rise—and now, its crisis? For the next 48 hours, this story is FREE to access. Sign up and read it here: https://themorningcontext.com/internet/how-divya-gokulnath-failed-byjus

#TMCExclusive: We investigate how Gensol's hidden startups—Wayo, All Things Luxury, Let's EV—vanished overnight, leaving employees unpaid. A detailed investigation by Pradip K. Saha. Read it here: https://themorningcontext.com/internet/exclusive-the-silent-shutdown-of-gensols-shadow-empire

Byju's troubles deepen. US lenders have now filed a complaint against founder Byju Raveendran and Divya Gokulnath over $500 million in missing loan money, says Bloomberg. Read more: https://themorningcontext.com/business/byju-raveendran-us-lenders-spar-over-lawsuit

#TMCExclusive: A solar company's financial mess is now casting a long shadow on a number of other companies. The Morning Context has the inside story dropping tomorrow. Stay tuned.

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High protein, low truth? From bars to biscuits, protein is the new selling point—but is this about real nutrition or just clever marketing? Disha Acharya unpacks the story in detail here: https://themorningcontext.com/business/indias-mad-rush-for-protein-products-needs-a-reset

The order was given as part of a long-standing legal battle where a consortium of Indian banks sought repayment of more than £1 billion (~Rs 11,062 crore as per current exchange rates) in debt owed by his now-... https://themorningcontext.com/business/vijay-mallya-loses-bankruptcy-appeal-in-uk-court

Bangladesh's ShopUp and Saudi Arabia's Sary are joining forces to create SILQ Group, a business-to-business giant targeting the Gulf and emerging Asia... https://themorningcontext.com/internet/pif-peter-thiels-valar-back-a-new-b2b-commerce-giant-in-the-gulf https://themorningcontext.com/middle-east

BYD has been trying to enter the Indian market, which is currently dominated by domestic players because of high tariffs. Last year, the Indian government rejected BYD's $1 billion investment proposal to build EVs in the ... https://themorningcontext.com/business/india-stands-firm-against-byds-entry

Last week, Infosys co-founder Nandan Nilekani posted a video on X about an innovative idea—tokenisation of land assets. According to him, this can make it easier to buy, sell and trade land or eve... https://themorningcontext.com/yesterday/why-nandan-nilekanis-land-tokenisation-idea-is-too-ambitious

#TMCExclusive: SBI MF did have plans to get listed in the past as well, but those were shelved for want of a suitable valuation. Since the IPO plans were shelved, the valuation of the SBI subsidiary has more th... https://themorningcontext.com/business/exclusive-sbi-mf-dusts-off-plans-for-a-mega-ipo

Quick commerce is booming—and we've got the scoop. Our big story is FREE to read for 24 hours. Sign up with your email. No OTP. No delivery charge. Just the full story: https://themorningcontext.com/internet/why-quick-commerce-is-working-only-in-india