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Feat. Prof. Ashok Sen

Feat. Pratyush Rai, CEO of Thine

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Jul 14, 2026
From TRM Daily

Tata Wants Your Gold

Amoghsiddhu
AmoghsiddhuLead Editor

Gold has always been India’s favourite investment. Tata has simply decided it would also like to make a business out of it. By acquiring a majority stake in Yogakshemam, Tata Capital is entering India’s $194 billion gold loan market, one of the fastest-growing segments in retail finance. The strategy is straightforward. Millions of Indians already store enormous wealth in gold jewellery, and borrowing against it is often cheaper and faster than taking unsecured loans. The deal also signals that gold loans are no longer a niche business dominated by specialist lenders. When the Tata Group enters a market, it’s usually because it believes the opportunity is only getting started.

Calling the NRI Bank

Amoghsiddhu
AmoghsiddhuLead Editor

Whenever the rupee starts feeling under the weather, India seems to know exactly who to call. The government has asked state-owned banks to attract more foreign currency deposits from the Indian diaspora, tapping into a global community of nearly 35 million people. It’s a familiar playbook. Rather than relying entirely on volatile foreign investors, India is turning to NRIs with strong economic and emotional ties to home. Their deposits strengthen forex reserves, support the rupee, and provide relatively stable capital during uncertain times. Apparently, India’s biggest overseas asset isn’t a company or a factory. It’s Indians living overseas.

More Than Just Flights

Amoghsiddhu
AmoghsiddhuLead Editor

When I think of airports, I think of delayed flights and overpriced coffee. Apparently, India’s newest airport wants to deliver life-saving medicines too. Navi Mumbai International Airport has received approval to handle pharmaceutical imports, adding another layer to its ambitions beyond passenger traffic. For a country known as the “pharmacy of the world,” faster movement of vaccines, medicines, and temperature-sensitive cargo is just as important as moving people. The approval also strengthens western India’s logistics network before the airport even becomes fully operational. Turns out the runway isn’t just for airplanes anymore. It’s becoming part of India’s healthcare supply chain.

Highlights from TRM Articles
India's Emotions Are AI's New Raw Material

India's Emotions Are AI's New Raw Material

It is past midnight in a small flat in Kanpur or a shared room in Gurugram. Someone is typing into their phone. They are not typing a Google search or a WhatsApp message, but a confession, a breakup text, or a message to a difficult boss. The reply arrives in the blink of an eye. It feels warm, patient, and completely non-judgmental. It sounds like a healing therapist, right? But there is something different about this one. This confession does not simply disappear. It gets stored, broken into tokens, and becomes part of the data that improves future AI models. Nobody in San Francisco knows this person’s name. But together, millions of conversations reveal something valuable. They show exactly how a heartbroken twenty-two-year-old in a Tier-2 Indian city talks about grief at one in the morning.

Sanidhya AgarwalTRM Deep-Dives
When will India catch its Rockets?

When will India catch its Rockets?

The air was tense. People were looking at cluttered sheets of paper for answers, some were googling and using claude but none was able to find one. AC was working at 22 degree celsius, yet you could see people sweating, because their leader wanted an answer as soon as possible.

Sanidhya AgarwalTRM Signals
GPS Is For People Who Trust Satellites. This Rajkot Startup Has Other Ideas.

GPS Is For People Who Trust Satellites. This Rajkot Startup Has Other Ideas.

Earlier this month, Smit Shah, President of the Drone Federation of India, made an announcement that didn’t get nearly enough attention outside defense circles: India is in the middle of a $2B+ domestic drone procurement push, and the government wants indigenous solutions, not imports. That’s not a policy aspiration anymore. That’s a purchase order in the making.

AmoghsiddhuTRM Industry

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