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Satvik Raman

The Rupee’s Long Walk to One-Fifty
Economy & Policy

The rupee has hit a record low of 96 to the dollar, and people are seriously asking if it could fall all the way to 150. Here is what is actually driving that fear, and how…

Satvik Raman
May 24, 2026

Borrowed Names, Borrowed Time
Corporate Actions

Jyothy Labs spent 15 years turning Pril into one of India’s top dishwash brands. Then Henkel AG walked in and asked for it back. The story of how a licensing deal quietly…

Satvik Raman
May 23, 2026

The Metal That Empties India’s Wallet
Economy & Policy

Prime Minister Narendra Modi asked millions of Indians to skip buying gold, even for weddings. The economics behind that one request reveal exactly how a beloved metal…

Satvik Raman
May 17, 2026

Buying Your Way to the Top: The Logic Behind Corporate Acquisitions
Corporate Actions

India’s largest pharma company just agreed to spend $11.75 billion to buy an American rival. This is not just a business headline. It is a window into how the world’s…

Satvik Raman
May 10, 2026

The Physics of Cash Flow: How Empty Bank Accounts Ground Airlines
Money & Markets

A business can look huge and successful on the outside while suffocating from a lack of actual cash on the inside. Discover how the ongoing SpiceJet crisis perfectly…

Satvik Raman
May 3, 2026

The Life and Death of a Banknote: How the RBI Manages Currency
Money & Markets

Why do some banknotes disappear while new ones appear in our wallets? This post explores the fascinating life cycle of currency and how the RBI keeps India’s cash system…

Satvik Raman
Nov 8, 2025

OFS vs Fresh Issue IPOs: Understanding the Two Sides of a Public Listing
Corporate Actions

Using the Lenskart IPO as an example, this post explains in simple terms the difference between Offer for Sale (OFS) and Fresh Issue IPOs, and how each affects investors and…

Satvik Raman
Nov 1, 2025

IPOs Unboxed: How Companies Go Public
Corporate Actions

A guide to what IPOs are, why companies chase them, who wins big, what’s up with listing day gains, and the truth behind the grey market — starring Urban Company’s…

Satvik Raman
Sep 13, 2025

Goods and Services Tax (GST): is now also Good and Simple Tax
Economy & Policy

This post explains the concept of Goods and Services Tax (GST), why it was introduced, how it works, and why the Indian government is now moving from four slabs to two.…

Satvik Raman
Aug 30, 2025

Demergers: Breaking up to build value
Corporate Actions

We often talk about mergers and acquisitions, where companies come together to grow bigger. But sometimes, the opposite happens — companies break up into smaller pieces and…

Satvik Raman
Aug 23, 2025

Mergers & Acquisitions: Lessons from Tata Motors’ Iveco Buy
Corporate Actions

This post breaks down the difference between mergers and acquisitions using the recent €3.8 billion Tata Motors–Iveco deal as a case study. We’ll explore what each term…

Satvik Raman
Aug 16, 2025

Why Companies Use ESOPs: From Basics to Elon’s New Tesla Deal
Corporate Actions

We explain ESOPs, RSUs, vesting schedules, and performance pay—and decode why Tesla just granted Elon Musk $29 billion in stock to keep him onboard.

Satvik Raman
Aug 9, 2025

Tariffs: The Price Tag on Borders
Economy & Policy

Tariffs are back in the headlines, with the U.S. slapping a sweeping 25% duty on several Indian goods. But what exactly are tariffs, and why do countries impose them in the…

Satvik Raman
Aug 2, 2025

What Does a Depository Actually Do?
Money & Markets

Behind every share you own, there’s a digital vault keeping it safe — that’s what a depository does. We explore how depositories like NSDL and CDSL form the invisible…

Satvik Raman
Jul 28, 2025

When Demand Has No Ceiling
Money & Markets

On October 2, 2024, 1.3 crore Indians tried to buy tickets for Coldplay’s Mumbai concerts at exactly the same moment. By 12:15 p.m., the BookMyShow app had crashed, and the…

Satvik Raman
Oct 6, 2024

The Brand That Priced Itself Out
Corporate Actions

Tata Starbucks has over 450 stores across India and ₹82 crore in losses. The company that turned coffee into a status symbol is now learning that status symbols have an…

Satvik Raman
Sep 29, 2024

The Rate That Rules the Rupee
Economy & Policy

On September 18, 2024, the US Federal Reserve cut interest rates for the first time in four years. That single decision in Washington is now working its way through Indian…

Satvik Raman
Sep 22, 2024

The Key That Was Never Yours
Money & Markets

Hackers stole $230 million from WazirX, India’s largest crypto exchange, in a single night. The blockchain was never touched. So what exactly went wrong?

Satvik Raman
Sep 15, 2024

The Meatball That Moves the Furniture
Corporate Actions

IKEA has only managed to open 4 stores in India and has been losing crores every day. Its plan to turn things around does not involve a new sofa design. It involves Swedish…

Satvik Raman
Sep 8, 2024

The Grocery Bill the RBI Cannot Control
Economy & Policy

India’s central bank has brought core inflation to a four-year low, but stubborn food prices keep getting in the way. Here is the story of why a trip to the fish market is…

Satvik Raman
Sep 1, 2024

The Government’s Expensive Gold Promise
Economy & Policy

India’s Sovereign Gold Bond scheme was meant to wean the country off physical gold and save the government money. Nine years later, soaring gold prices have turned a clever…

Satvik Raman
Aug 25, 2024

The Soap Maker’s Pharma Dream
Corporate Actions

Nirma, the company behind India’s most recognizable detergent jingle, just bought into a pharmaceutical giant. Here is why a soap maker entering pharma is a bigger deal than…

Satvik Raman
Aug 18, 2024

The Ladder With a Broken Rung
Economy & Policy

India has been a middle-income country for nearly two decades. NITI Aayog now has a plan to finally climb out, but the trap it must escape is one that has swallowed entire…

Satvik Raman
Aug 11, 2024

The World’s Cheapest Loan
Economy & Policy

India is on a borrowing spree, but not in US dollars. The new favourite currency for big loans is the Japanese Yen, and the reasons are surprisingly clever.

Satvik Raman
Aug 4, 2024

Can’t Live With It, Can’t Live Without It
Economy & Policy

India’s imports from China just crossed $100 billion, even as the two countries have strained ties. India’s own Economic Survey is now asking how this makes any sense.

Satvik Raman
Jul 28, 2024

The Watchdog That Looked Away
Economy & Policy

PwC audited Evergrande for 14 years and never raised a single concern, even as the company hid $78 billion in fake revenue. China is now asking what auditors are actually…

Satvik Raman
Jul 21, 2024

The 2% Fix for a $7 Trillion Problem
Economy & Policy

French economist Gabriel Zucman wants every billionaire on earth to pay a minimum 2% tax on their wealth. The G20 is listening, but is the idea realistic?

Satvik Raman
Jul 14, 2024

The Billion-Dollar House of Cards
Corporate Actions

Rishi Shah made it onto the Forbes 400 richest list with a reported net worth of $3.6 billion. There was just one problem: almost all of it was built on lies.

Satvik Raman
Jul 7, 2024

Why GST Cannot Fix Your Fuel Bill
Economy & Policy

Raman crosses state lines every trip just to save a few rupees per litre of diesel. His small habit reveals why India’s biggest tax reform cannot actually bring fuel prices…

Satvik Raman
Jun 30, 2024

Who Pays When Big Industry Fails?
Economy & Policy

The UK government just handed Tata Steel £500 million. Here is why sometimes a government has no choice but to write a very large cheque.

Satvik Raman
Jun 23, 2024

Why India’s Gold Lives in London
Economy & Policy

India’s central bank holds hundreds of tonnes of gold inside a vault in London. The RBI just moved some of it back home, and the reason why tells us a lot about how global…

Satvik Raman
Jun 16, 2024

When a Country Prints Too Much Money
Economy & Policy

Zimbabwe has burned through six currencies in 15 years thanks to runaway hyperinflation. Its latest attempt, a gold-backed currency called ZiG, might be the most creative…

Satvik Raman
Jun 9, 2024

The Real Cost of Fake Trades
Money & Markets

Fantasy stock gaming apps let you trade without really losing money. SEBI just decided that is not as harmless as it sounds.

Satvik Raman
Jun 2, 2024

Sand to Silicon: India’s Long Race to Make Its Own Chips
Economy & Policy

Zoho just announced plans to build chips in Tamil Nadu, and Tata is already breaking ground in Gujarat. Here is why making a semiconductor chip is one of the hardest things…

Satvik Raman
May 26, 2024

The Side Door to the Stock Market: How an SME IPO Got Rigged
Money & Markets

An SME IPO turned a small Indian tech firm into a 122 crore rupee payday for its promoter. SEBI’s investigation shows just how easy it has been to rig the side door to the…

Satvik Raman
May 19, 2024

The Economics of ATMs: Why Cash Machines Need a Pay Rise
Economy & Policy

India’s White Label ATM operators are bleeding cash while trying to keep your neighbourhood cash machine running. The economics behind that blinking screen are more fragile…

Satvik Raman
May 12, 2024

The Tax That Comes After Death: Understanding Inheritance Tax
Economy & Policy

One off-hand comment by Sam Pitroda about taxing inherited wealth turned into the biggest political controversy of April 2024. India has actually tried this tax before…

Satvik Raman
May 5, 2024

Lehman Brothers and the Subprime Time Bomb
Money & Markets

Subprime loans powered the housing boom of the early 2000s — until they shook the global financial system. What are subprime loans? And how did they bring down one of Wall…

Satvik Raman
Mar 21, 2024
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