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Explore Other NewslettersTata Wants Your Gold
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
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
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.