| 24 August, 2026, 02:35 PM IST |

FCNR (B) scheme garners USD65 bn, but why isn't the rupee gaining?

When the forex mobilisation scheme kicked off on June 8, the rupee closed at 95.71 against the US dollar. On August 21, even after the scheme’s success, the rupee settled almost at the same level of 95.70.

7 mins readBy Sunny Verma

ET Prime special: Bigger, Better or Both? Understanding business to figure out the mystery: Power Grid Corp – Part 1

Since 2013, Power Grid's revenue has grown three-and-a-half times, its profit nearly four times, and the market's price for it roughly five-and-a-half times. The price says the business got better, not just bigger. Over three parts, we test that claim against the company's own annual reports, the numbers, the wires, and the promises.

10 mins read

US bond yield: Will it become a new pain point?

A government defending its own bond market is normally a formality: It announces a technical measure, the market takes the hint, and yields settle down. That is not what happened this week. The US Treasury doubled its bond buybacks on Wednesday, and by Thursday the market had taken the move back. The yield on American government debt is the base from which borrowing costs around the world are built. When it moves, the cost of money moves in Chennai too.

14 mins read

Bigger or Better: BEL’s biggest shareholder is also its biggest customer – and its rule-maker. Final part

In FY13, the Government of India owned about three-fourths of Bharat Electronics. It was also behind the customer that bought most of what BEL made, and the authority framing the rules under which defence equipment was procured. Over the next 13 years, BEL became much larger and more profitable. Part 3 goes back to what the company said it wanted to do and looks at what actually happened.

13 mins read

Strategy

Train station to rocket propellants, a Nagpur firm’s INR21k-cr journey

Solar Industries, which started off as a supplier of explosives, is now making rocket propellants, warheads, ammunition, and loitering munitions for the defence forces.

6 mins readBy Prashant Mukherjee

Private Equity and Venture Capital

Are patients paying the price for India’s PE-led healthcare boom?

7 mins readBy Vikas Dandekar & Alenjith K Johny

The Nifty doesn't predict India. It records it

13 mins read

Aviation

Power shift, a déjà vu: Air India could be new CEO’s toughest flight yet

9 mins readBy Tarun Shukla

Recent Stories

Top Categories

Investment Ideas

Telecom + OTT

Our team

Jochelle Mendonca
Senior Assistant Editor, Enterprise IT
Covering India's IT services industry and enterprise technology
Kankana Roy Choudhury
Senior Editor
Journalist, storyteller, dancer, Hindi-film encyclopaedia
Manu P Toms
Executive Editor
New-economy veteran
Mitali Sharma
Editorial Operations Associate
I sing on the chords of content and operations!
Mohammad Arshad
Senior Graphics Designer
I visualise data, infographics, and illustrations
N Sundaresha Subramanian
Executive Editor
Number reader, fine-print cracker, money follower, underdog lover
Prashant Mukherjee
Assistant Editor, Energy
Covering oil, gas, and renewables. In my free time I dabble in derivatives and music
Pravin Palande
Executive Editor
Markets and investment specialist
Rajiv Ghosh
Principal Analyst, Auto
Analyst-journalist strolling the corridors of auto innovation
Sadhana Saxena
Chief Graphics Designer
I use my experience of more than two decades with leading media houses to generate new design solutions and ideas.
Santanu Bose
Senior Editor
Newsroom leader with nearly two decades in top-tier media houses
Sunny Verma
Senior Assistant Editor - Markets and Economy
Explore issues from the crossroads where forces of markets and economy meet.
Tarun Shukla
Editor, Aviation and Defence
Award-winning investigative journalist and flying-objects geek
Taslima Khan
Assistant Editor, Technology and Logistics
Writes behind the wheels of logistics. Covers trucking, old economy companies and new age startups.
Varsha Santosh
Correspondent, Money and Markets
Juggling with data