Perspectives
2025 tested every conviction-driven investor. While global markets surged, India faced $17bn+ in FII outflows, tariff uncertainties and one of its worst years of underperformance. Small and mid-caps bore the brunt and the median stock declined far more sharply than headline indices suggested. This year demanded radical honesty. Underperformance is painful and it requires reflection, […]
Read More
India’s markets appear to be at a quiet but powerful turning point. The Great Pivot explores how fiscal expansion, monetary easing, and improving liquidity are beginning to align, setting the foundation for a new phase of economic acceleration. This edition also examines why skepticism in markets often precedes the strongest rallies, and how India’s under-owned, […]
Read More
After a decade of government-led capex laying the foundation for growth, India is now witnessing a decisive shift in its economic engine. FY25 marks the great handoff, from public sector leadership to a private sector primed with capital efficiency, execution readiness, and sectoral breadth. This transition is structural, not cyclical. Private capex has surpassed government […]
Read More
The rules of engagement in India’s corporate landscape are being dramatically rewritten. What was once a playground for a select few has transformed into a battleground. Our latest VQ Perspectives examines how innovative disruptors and conglomerates with cash-rich balance sheets are venturing into previously untouchable sectors, creating whirlwinds of competition and market shake-ups. The analysis […]
Read More
We are pleased to share with you the annual edition of VQ Perspectives | Seeing the Glass Half Full. 2024 may not have filled the glass to the brim, but investing isn’t about perfection—it’s about perspective. Whether you see the glass as half full or half empty often makes all the difference. As the late […]
Read More
We’re excited to bring you the latest edition of VQ Perspectives | Trump 2.0: Pause or Continuity for Renewables. In this issue, we explore the potential impact of Trump’s comeback on the US and the Indian renewable energy landscape. Will it be a pause in progress, or can the momentum continue? Dive into our analysis […]
Read More
We’re excited to bring you the latest edition of VQ Perspectives | Beyond the Matrix: Illusion of Comfort or Uncomfortable Reality. In this issue, we tackle the bull versus bubble debate, inspired by The Matrix—urging you to see beyond comforting illusions and confront the real market landscape. We hope these insights spark fresh thinking and offer […]
Read More
― Grand Master Oogway We are pleased to share with you the latest edition of VQ Perspectives | You must let go of the illusion of control… This edition draws a parallel between road trips and investment journeys, emphasizing the importance of resilience, adaptability, and keeping an eye on the destination despite the bumps along […]
Read More
IPL mania is again upon us, like every summer. The last few years, however, have seen a new feature added to these matches: the “Strategic Time Out”. For those who are uninitiated, time outs in sports, often plays a strategic role that can end up altering the course of the game. Drawing up key plays, […]
Read More
Every family has that one uncle, who is a lot like Charlie Munger. The uncle who gives dead pan blunt replies, which one knows are right, but at times does not want to hear. The one uncle who everyone turns to for the best advice and finally the one uncle whose witty one liners crack […]
Read More
Ravi DharamshiArvind AnanthanarayananAniket Dharamshi Megatrends are powerful, transformative forces that change the global economy, business, and society. Megatrends are structural shifts that are longer term in nature and have irreversible consequences for the world around us. Although they evolve independently of the economic cycle, often along seemingly different paths, and timescales, they possess the capacity […]
Read More
The Union Budget for FY23-24 was presented against a backdrop of challenging global macros – slowing growth, high interest rates and inflation. The knock on effect on India is already visible in the form of weakening exports and higher import bill due to commodity inflation. Given this challenging situation, the Honorable Finance Minister did a […]
Read More