Original reporting and clear financial context for informed investors.
Original articles from Beyond the Candles—explaining what happened, why it matters and what investors should understand.
Rubicon Research enters the Nifty 500 while Jubilant Pharmova exits—putting free float, regulated-market execution and earnings quality at the centre of the next pharma re-rating cycle.
Read full article →Rubicon Research enters the Nifty 500 while Jubilant Pharmova exits—putting free float, regulated-market execution and earnings quality at the centre of the next pharma re-rating cycle.
Read article →BSE replaces Wipro in the Nifty 50 as NSE Indices executes a broad reconstitution spanning five Nifty 100 changes, 13 Midcap moves and 33 Smallcap rotations.
Read article →Behind India’s defence, aerospace, EV and energy ambitions sits a less-visible precision-engineering ecosystem—one with long qualification cycles, powerful order visibility and increasingly demanding valuations.
Read article →SEBI’s observation letter moves Jio Platforms closer to a landmark listing built around 27 crore fresh shares, ₹27,500 crore of debt repayment and one of India’s most consequential valuation debates.
Read article →NSE’s ₹22,561.57 crore IPO listed on BSE at ₹1,800—a modest 0.84% premium that shifted the debate from listing gains to valuation, derivatives concentration and long-term earnings quality.
Read article →Power offers domestic volume growth and grid investment; pharma offers export diversification and defensive demand. Neither theme is automatically a wealth creator.
Read article →Bank of America agreed to invest up to ₹18,268 crore for as much as 49.9% of Jio Credit, whose AUM reached ₹30,667 crore by June 2026.
Read article →EVs reached 8% of new registrations in 2025 and crossed 10% in Q2 2026, led overwhelmingly by two- and three-wheelers rather than passenger cars.
Read article →The ₹1,757 crore offer brought a specialist steroid-hormone API manufacturer to market at ₹938–₹988 per share, with most proceeds going to selling shareholders.
Read article →August delivered the strongest monthly foreign equity inflow since September 2024, yet cumulative 2026 selling shows why one positive month is not a regime change.
Read article →IRDAI’s September consultation proposes tighter expense and commission rules after distributor payouts far outpaced premium growth—triggering a 36% fall in PB Fintech and a wider reassessment of insurance economics.
Read article →Passive-fund assets reached ₹15.27 lakh crore in May 2026, but investors still need to examine index concentration, liquidity, tracking difference and product structure.
Read article →A green shoe permits up to 15% over-allotment and post-listing market purchases, but it cannot guarantee the issue price or protect retail investors from losses.
Read article →Index additions create mechanical demand near implementation, but crowded positioning, free-float changes and valuation often matter more than the headline inclusion.
Read article →Kotak’s Infinity Hybrid Long Short Fund expands India’s specialised-fund menu, while ICICI Prudential’s completed corporate-credit fund shows the attraction—and limits—of realised private-credit outcomes.
Read article →The fund uses a systematic stock-selection process, but its June portfolio, costs and risks show why rules-based investing should not be confused with bias-free or fully automated performance.
Read article →AIF units now operate through depository infrastructure, while compliance officers face a January 1, 2027 NISM deadline—but demat visibility should not be confused with real-time valuation or liquidity.
Read article →SEBI’s June 2026 AIF Master Circular consolidates the operating rulebook, including ring-fenced CIV co-investment accounts and time-bound overseas-limit reporting.
Read article →SEBI’s new ‘Inoperative Fund’ framework allows eligible AIFs to retain money for tax, litigation and residual winding-up costs while moving to lighter compliance after active management ends.
Read article →India’s AIF industry has reached ₹16.94 lakh crore in commitments and could approach ₹53–56 lakh crore by FY30, as private-market demand grows alongside tighter SEBI oversight.
Read article →Alibaba is reorganising around commerce, cloud and AI while Take-Two is concentrating extraordinary expectations on GTA VI’s November 19 release.
Read article →Anthropic confidentially filed draft registration papers on June 1 after a reported $65 billion financing at a $965 billion valuation—but it has not fixed an IPO date or price.
Read article →India’s strategy balances energy security, BRICS engagement, border risk and Western supply-chain partnerships; it is diversification, not simple alignment.
Read article →Apple’s brief return to the market-capitalisation lead shows investors broadening the AI trade from infrastructure toward consumer monetisation—but Nvidia’s earnings engine remains formidable.
Read article →Energy risk and persistent service-sector pressures are complicating the rate-cut narrative, testing equity valuations and the bond diversification on which balanced portfolios rely.
Read article →Record hyperscaler investment is supporting a narrow technology economy while household and manufacturing data reveal a more uneven world—not a single, synchronised consumer collapse.
Read article →The Strait of Hormuz has become a global pricing mechanism for oil, inflation, interest rates and corporate margins—creating an unusual risk environment in which equities and government bonds can fall together.
Read article →Japan emerged as a major developed-market leader in 2026 as corporate reform and the AI investment cycle lifted equities, while energy-driven inflation complicated the outlook for global rates.
Read article →Global indices may be advancing together, but US technology spending, Europe’s industrial slowdown and Asia’s export pressures reveal sharply different economic realities beneath the surface.
Read article →India’s AI opportunity rests on affordable compute, domestic-language data, engineering talent and deployable products—not simply adding AI to existing IT contracts.
Read article →Krutrim says it paused chip and foundation-model work, tripled FY26 revenue and became profitable; the unanswered question is how much demand comes from independent customers rather than the wider Ola ecosystem.
Read article →A $234 million first close led by HCLTech gives Sarvam capital and distribution reach, but its lasting value will depend on model performance, enterprise adoption and accountable public-sector deployment.
Read article →Zepto is reportedly pausing its IPO and exploring a ₹1,000 crore-plus pre-IPO placement as cash burn remains high, but the funding and a 2027 listing window are not yet completed commitments.
Read article →India’s startup base is spreading beyond major metros while climate technology attracts more capital, but funding remains concentrated and the next unicorn’s location cannot be predicted.
Read article →Legacy SEBI-registered angel funds face a September 8, 2026 transition deadline after which new investee-company contributions must come from accredited investors.
Read article →Startup funding softened even as broader PE/VC funds raised record capital, but the two datasets measure different pools—and only a fraction is immediately available to young Indian companies.
Read article →India’s startup market raised more money but completed far fewer rounds in H1 2026, creating a split landscape in which first-cheque capital is expanding while late-stage access narrows to a small group.
Read article →India’s startup funding recovered in value during H1 2026, but capital became far more concentrated as investors prioritised credible economics, deep technology and durable revenue.
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