The Economic Times

PM Modi launches 3,350 crore projects in Ladakh.

Yeah, and the Economic Times lays out just the massive scale of these inaugurations.

We are talking about a brand new airport terminal built to handle 35 lakh passengers.

Which impressively incorporates geothermal energy, right?

The rapprochement illustrates how growing uncertainty in traditional trading relationships is encouraging countries to rebuild partnerships and pursue greater economic independence.

For further information, see Office of the Prime Minister of Canada, The Indian Express, and The Economic Times.

US inflation surge rattles markets and raises global interest rate concerns.

Inflation in the United States accelerated to 3.7% in September, driven largely by a sharp rise in gasoline prices.

And then more recently, I've also been more interested, like, with having more job security in writing for a much broader public, so taking some of the research findings from different papers that otherwise would just live in a journal article and try to turn them into something you can actually read over a morning coffee.

So I've been writing media pieces that respond to contemporary events and most recently on the co-Khokro Janta Party protests and why businesses can't ignore Gen Z in Forbes India, Economic Times, and others.

But I really enjoyed that because it forces me to ask different question.

How do you take something that took you five years to, six years to research and explain it to someone who has about five minutes? And actually, I think that's becoming quite an important part of my present and future work.

Also in India, Sarvam AI may be about to double its value in, in four months.

The Economic Times reports the startup is in early talks to raise two hundred fifty to three hundred million dollars at a valuation of about three billion dollars.

In June, Sarvam raised more than three hundred million dollars at a one point five billion dollar valuation.

If the new round closes on those terms, Sarvam would become India's most valuable AI startup.

But the terms matter.

In August, The Economic Times reported that the government was considering recovering its support from commercially successful projects, and it would do that only after seven years of production or after the explorer recovered half its development cost.

Those proposals were still under consultation, but who qualifies, when the money arrives, and how much must eventually be repaid will determine what the support is actually worth to a company.

Now, the mission also sets aside rupees 10,000 crore for shared offshore infrastructure.

Those numbers are massive.

The numbers reported by the Economic Times are staggering.

Foreign institutional investors, or FIIs, have pulled out 45,125 crore rupees from Indian equities in just the first six trading sessions of October.

Wow.

One journey, many bills.

To explain all this, I have with me today Forum Gandhi, the in-house aviation expert at Economic Times, on the latest episode of the "Morning Brief Decode." It's Friday, the 9th of October.

I'm Anirban Chaudhuri.

This is the "Morning Brief." [upbeat music] Hi, Forum.

Home loan EMIs to increase.

The Economic Times reports that the Reserve Bank of India has officially raised its policy repo rate by 25 basis points, bringing it up to 5.50%.

This is highly significant market news because it is the very first rate increase since February 2023.

What is driving this sudden tightening?

On a standard 20-year housing loan, a 25 basis point hike over the lifetime of that debt essentially means you were buying your bank an extra car.

It adds hundreds of thousands of rupees in pure interest.

The Economic Times piece featured a very stark warning from JLL's Lata Pillai regarding this exact ripple effect.

She pointed out that mid-segment housing affordability is now under serious scrutiny.