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The Core Report
The Core
745 episodes
16 hours ago
Every Monday to Saturday, tune in as financial journalist and host Govindraj Ethiraj gives you the latest news in business, economy and technology
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All content for The Core Report is the property of The Core and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Every Monday to Saturday, tune in as financial journalist and host Govindraj Ethiraj gives you the latest news in business, economy and technology
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Business News
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Episodes (20/745)
The Core Report
#737 Sensex Hits Record 86,000

On Episode 737 of The Core Report, financial journalist Govindraj Ethiraj talks to Devina Mehra, Chairperson and Managing Director at First Global, in an excerpt from our upcoming Weekend Edition.


SHOW NOTES

(00:00) Stories of the Day

(01:19) Sensex Hits Record 86,000 as Nifty Scales Peak in Narrow Rally

(03:28) Rupee Risk Persists After RBI Sells $30 Billion to Stem Slide

(04:54) Nifty’s Record Calm Defies Rupee’s Run as Asia’s Worst Currency

(18:58) Oil Slides to $63 on Ukraine Ceasefire Hopes, Aiding India Margins. The IEW Segment

(20:12) Mahindra Challenges Tata’s EV Dominance With New $22,000 SUV

(21:39) KKR Sees $7 Trillion AI Boom as ‘Industrial Revolution,’ Not Bubble

(25:00) Feedback

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1 day ago
27 minutes 47 seconds

The Core Report
#736 Markets Jump 1,000 Points As They Join Global Rallies

On Episode 736 of The Core Report, financial journalist Govindraj Ethiraj talks to Arvind Chari, Chief Investment Officer at Q India UK.


SHOW NOTES

(00:00) The Take

(05:09) Markets jump 1,000 points as they join global rallies

(07:38) JP Morgan pitches Nifty at 30,000 in a year's time

(10:10) Supply of fresh equity has likely peaked, says CLSA

(11:28) The Government wants you to take note of the small reform doses

(24:24) India’s rare earth magnet push


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2 days ago
27 minutes 53 seconds

The Core Report
#735 How A New Battle Between Google And Nvidia Affects Us

On Episode 735 of The Core Report, financial journalist Govindraj Ethiraj talks to Sajjid Chinoy, Part-Time Member, EAC-PM (Economic Advisory Council To Prime Minister) & Chief India Economist & Head of Asia Economics at JPMorgan as well as Manish Garg, CEO of Interarch Building Solutions Limited.

SHOW NOTES

(00:00) Stories of the Day

(00:55)A new battle between Google and Nvidia and why it affects us and the shocking story about Taiwan’s chip boom.

(10:52)India’s Q2 GDP growth could come in at 7.2%

(12:11)Can oil really fall to $30 a barrel, as JP Morgan says.

(14:04)Steel prices are high because of import duties and does it affect all downstream steel users? 

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3 days ago
26 minutes 37 seconds

The Core Report
#734 US-India Trade Deal Roils Currency And Stock Markets

On Episode 734 of The Core Report, financial journalist Govindraj Ethiraj talks to Kunal Sodhani, Vice President, Shinhan Bank as well as Sachin Seth, Chairman of CRIF High Mark and Regional MD, CRIF India and South Asia.


SHOW NOTES

(00:00) Stories of the Day

(00:50) US India trade deal or lack of it roils currency and stock markets.

(03:25) Why did the RBI step back from currency markets last week?

(11:06) A global merger deal driven by a race for copper falls apart

(14:02) What are US CEOs saying about high import tariffs

(16:38) How Indians are shifting towards secured credit and bigger ticket loans


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4 days ago
31 minutes 40 seconds

The Core Report
#733 The Markets Enter A New Phase Of Volatility

On Episode 733 of The Core Report, financial journalist Govindraj Ethiraj talks to Suhail Nathani, Managing Partner at Economic Laws Practice as well as Paul Jeruchimowitz, Senior Managing Director – Operating Model & Organizational Design, Global Lead at Accenture.


SHOW NOTES

(00:00) The Take

(05:09) The markets enter a new phase of volatility, clash of views.

(06:03) Rupee hits an all time low as the Reserve Bank steps back.

(08:43) American oil producers could struggle in a $60 oil world.

(10:44) What will companies have to do to comply with the New Labour Codes?

(22:10) What does it take to set up a GCC?


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5 days ago
31 minutes 17 seconds

The Core Report
#732 The Hidden Services Boom Powering India’s Next Growth Wave | Govindraj Ethiraj | The Core Report

In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj in conversation with Sajjid Chinoy, Chief India Economist & Head of Asia Economics, JPMorgan, unpacks the quiet but powerful shift inside India’s economy that is surprising global investors and reshaping the country’s growth path. India’s hidden services boom is expanding even as the world slows and this conversation reveals why it is becoming one of the strongest drivers of India’s next growth wave.


The discussion dives into the rise of high value service exports, the global trade reset, the China export surge, the risks building into 2026, and the pressures created by a slower world economy. The insights are grounded in data and offer a clear view of how India’s services engine is cushioning the economy at a time when manufacturing and global demand face new challenges.


This episode goes deeper into how technology, AI and global capability workstreams are changing the quality of Indian jobs and raising productivity across sectors. It explains the link between wages, education, digital skills and the emerging opportunities that will shape India’s economic future. The conversation also addresses the big question of whether AI becomes a threat to India’s workforce or a multiplier for growth.


If you follow India’s business trends, financial markets, technological shifts or manufacturing opportunities, this discussion offers clarity and a richer understanding of where India’s economy is heading. It is designed for anyone seeking sharp insight, real data and a deeper view of the forces driving India’s next decade.

Hit like, share this with someone who tracks the India stock market, and subscribe to The Core Report podcast for more deep conversations on markets, business, technology and the Indian economy.

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1 week ago
38 minutes 2 seconds

The Core Report
#731 The 14-Month Wait Is Coming To An End

On Episode 731 of The Core Report, financial journalist Govindraj Ethiraj talks to Anil Rego, Co-founder and Fund Manager at Right Horizons PMS as well as Pawan Bachwal, Vice President, Head of Financial Services at Ericsson.

SHOW NOTES

(00:00) Stories of the Day

(00:50) A 14-month wait is coming to an end as markets inch close to all time highs

(03:22) Wall Street is back on buy AI stocks mode after Nvidia results

(04:31) RBI governor says demand for USD is responsible for a weak rupee 

(16:34) How Ericsson is powering India’s fintech play at scale


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1 week ago
28 minutes 58 seconds

The Core Report
#730 Indian Markets In Sniffing Distance Of All-Time Highs Again

On Episode 730 of The Core Report, financial journalist Govindraj Ethiraj talks to Pawan Kumar, President at the Seafood Exporters Association of India as well as Soumya Mohanty, Managing Director and Chief Solutions Officer, South Asia at Kantar and Graham Staplehurst, Director at Kantar BrandZ.


SHOW NOTES

(00:00) The Take: Finding Mechanics

(04:21) Indian markets in sniffing distance of all-time highs again, Sensex crossing 85,000 after 14 months

(05:56) Oil India announces strategic collaboration with Total Energies of France for exploration: the IEW Segment

(07:55) India’s seafood exporters are putting up a fight, with some help from the Government

(16:46) India’s most valuable brand is..


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1 week ago
28 minutes 15 seconds

The Core Report
#729 Global Markets Turn Nervous

On Episode 729 of The Core Report, financial journalist Govindraj Ethiraj talks to Ashish Nanda, Chief Digital Business Officer, Kotak Securities.

SHOW NOTES

(00:00) Stories of the Day

(00:55) Global markets turn nervous even as tech leaders downplay the AI boom.

(02:04) Outgoing Meta AI chief blasts LLMs

(04:38) Morgan Stanley updates and upgrades India outlook to 107,000 on Sensex in a year

(08:31) Algo trading is now becoming a retail product. How it works

(17:48) Cloudflare goes down.


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1 week ago
19 minutes 51 seconds

The Core Report
#728 India’s Mid Cap Index Hits Record High

On Episode 728 of The Core Report, financial journalist Govindraj Ethiraj talks to Anand Kulkarni, Director at CRISIL Ratings.


SHOW NOTES

(00:00) Stories of the Day

(00:50) Valuation guru says he wants to move his money into cash and collectibles

(05:03) India’s mid cap index hits record high

(06:23) The green shoots in Agri export exemptions in the US

(07:18) Gold imports jump and drive up trade deficits but there is some good news too

(09:17) India is going on a cement expansion spree and rural India is powering it

(18:23) Feedback


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1 week ago
21 minutes 5 seconds

The Core Report
#727 Why Foreign Portfolio Inflows Could Restart Soon

On Episode 727 of The Core Report, financial journalist Govindraj Ethiraj talks to Paul Gruenwald, Global Chief Economist at S&P Global as well as Nikhil Narendran, Partner – TMT (Technology, Media and Telecommunications) at Trilegal.


SHOW NOTES

(00:00) The Take

(05:00) Why FP Inflows could restart soon

(11:01) Trump starts rolling back tariffs on food products as inflation bites

(12:11) The shocking fact about US GDP Growth

(25:57) The latest DPDP rules will mean sea change for consumer facing company operations


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https://algorand.co/india-summit-2025


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1 week ago
34 minutes 48 seconds

The Core Report
#726 Retail Investors Now Think Like Pros: India’s Market Is Changing | Govindraj Ethiraj | The Core Report

Retail investors in India are no longer the “weak hands” of the market. They are behaving more like pros, staying invested through volatility and forcing everyone to rethink how India’s stock market really works.


In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj in conversation with Mr. Pranav Haridasan, MD and CEO, Axis Securities, to decode how the Indian markets have changed from 2020 to 2025 and what that means as we head toward 2026. They unpack the rise of the equity culture, the new discipline in retail investors, and the real story behind flows into equities, derivatives, and IPOs in India.


You will hear a ground level view from a leading brokerage on:

1) Why retail investors now think and act more like institutional investors

2) How the 2020 to 2025 bull run reshaped confidence in Indian equities

3) Whether India’s stock market rally can survive global shocks and AI bubbles

4) Equities versus derivatives and why regulation is cooling risky short term trading

5) How themes like consumption, capex, Make in India, defence, EMS, building materials are shaping market leadership

6) What is really happening in India’s IPO and tech IPO pipeline and how to think about profitless tech valuations

7) Why volatility, climate shifts and changing cycles make forecasting demand harder for manufacturers and consumer companies

8) How policy, GST moves and ease of doing business reforms affect brokers, investors and markets


If you follow business news, markets, tech, manufacturing, policy and IPOs and you want a clear, jargon light view of where India’s markets may be headed next, this conversation is for you.


Watch till the end to hear Pranav’s candid take on:

a) Whether 2025 was the “hard reset” the market needed

b) How he sees earnings, growth and sentiment playing out in the year ahead

c) What long term investors should really focus on in Indian equities


Hit like, share this with someone who tracks the India stock market, and subscribe to The Core Report podcast for more deep conversations on markets, business, technology and the Indian economy.

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2 weeks ago
39 minutes 37 seconds

The Core Report
#725 The Earnings Story Sinks In As Mid Caps Race Ahead

On Episode 725 of The Core Report, financial journalist Govindraj Ethiraj talks to Ramesh S Damani, Member at the Bombay Stock Exchange (BSE) as well as Chirag Doshi, Chief investment Officer-Fixed Income at LGT Wealth India.

SHOW NOTES

(00:00) Stories of the Day

(01:00) The earnings story sinks in as mid caps race ahead

(03:06) Market watchers are predicting an oil glut next year which is good news for India

(06:03) What India’s ambitious $5 billion export promotion mission needs to become a reality

(08:26) Moody’s says India will grow at 6.5%

(09:06) What low inflation levels mean for fixed income in general and specific

(16:46) The art of writing letters to shareholders and insights from the world’s greatest investor

(31:41) How London luxury home prices are crashing

Register for the 3rd Edition of the Algorand India Summit 

https://algorand.co/india-summit-2025


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2 weeks ago
33 minutes 37 seconds

The Core Report
#724 Markets Perk Up On Trade Signals

On Episode 724 of The Core Report, financial journalist Govindraj Ethiraj talks to Pooja Vijay Ramamurthi, Fellow at Centre for Social and Economic Progress (CSEP) as well as Madhavi Arora, Lead Economist at Emkay Global Financial Services.

SHOW NOTES

(00:00) The Take

(06:17) Markets perk up on trade signals

(07:02) Inflation hits record low, what does that mean?

(14:57) COP30 kicks off in Brazil. What’s at stake this time?

(23:58) International Energy Agency now says electric vehicle sales could slow down and fossil fuel consumption will rise, in a reversal of sorts


Register for the 3rd Edition of the Algorand India Summit 

https://algorand.co/india-summit-2025


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2 weeks ago
26 minutes 5 seconds

The Core Report
#723 Why Market Analysts Are Changing Their Mind On Indian Markets

On Episode 723 of The Core Report, financial journalist Govindraj Ethiraj talks to Sanjeev Prasad, Managing Director & Co- Head at Kotak Institutional Equities.

SHOW NOTES

(00:00) Stories of the Day

(00:48) Why the more sceptical market analysts are changing their mind on Indian markets

(04:59) Is the US taking a step back from its aggressive stance on tariffs globally, including India?

(07:34) Britannia sees another sudden CEO resignation

(09:32) Are Indian investors selling their mutual funds to fund their purchases, including for festivals?

(11:15) Picking new investment themes as 2025 comes to an end


FULL EPISODE ft Sanjeev Prasad


Register for the 3rd Edition of the Algorand India Summit 

https://algorand.co/india-summit-2025


For more of our coverage check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecore.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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2 weeks ago
31 minutes 50 seconds

The Core Report
#722 Why Indian Markets Are Recovering Now

On Episode 722 of The Core Report, financial journalist Govindraj Ethiraj talks to Ajay Srivastava, Founder at Global Trade Research Initiative (GTRI).

SHOW NOTES

(00:00) Stories of the Day

(00:50) Why Indian markets are recovering now

(03:14) Goldman upgrades India, reverses October2024 downgrade

(05:41) Quality Control Orders and the unease of doing business

(17:21) More action in India’s weightloss drug space

(18:24) Indian restaurants in New York are facing tariff pains


Register for the 3rd Edition of the Algorand India Summit 

https://algorand.co/india-summit-2025


For more of our coverage check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecore.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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2 weeks ago
20 minutes 47 seconds

The Core Report
#721 Markets Grapple With High Intensity IPO Demand

On Episode 721 of The Core Report, financial journalist Govindraj Ethiraj talks to Sheetal Sapale, Vice President–Commercial at Pharmarack as well as Shankkar Aiyar, veteran journalist, columnist and author.


SHOW NOTES

(00:00) Stories of the Day

(00:50) Markets grapple with high intensity IPO demand, the trust factor

(06:59) Consumer inflation in India is crashing

(08:35) Auto sales jump.

(09:44) India’s largest selling drug is…

(16:06) Direct benefit transfer or vote benefit transfer?


Register for the 3rd Edition of the Algorand India Summit 

https://algorand.co/india-summit-2025


For more of our coverage check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecore.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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2 weeks ago
28 minutes 3 seconds

The Core Report
#720 Markets Seek Direction

On Episode 720 of The Core Report, financial journalist Govindraj Ethiraj talks to Atul Chaturvedi, Special Advisor, SEA & Chairman at the Asian Palm Oil Alliance (APOA) as well as Amit Pabari, Managing Director at CR Forex Pvt. Ltd.

SHOW NOTES

(00:00) Stories of the Day

(01:00) AI job cuts or AI washing

(03:21) Markets seek direction

(04:52) India’s problem-of-plenty in this crop

(5:47) Why did Indigo report such a sharp loss on account of forex?

(11:20) Soybean is a key bugbear in the India-US BTA discussions. Where do things stand now?

(18:39) Why there could be massive air traffic delays in the US in the coming days.

(20:46) Guess where Google is planning to set up a data centre…

(22:04) Eye on Retail


Register for the 3rd Edition of the Algorand India Summit ⁠⁠⁠⁠https://algorand.co/india-summit-2025⁠⁠⁠⁠


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3 weeks ago
29 minutes 7 seconds

The Core Report
Inside India’s Gig Economy Jobs Growth and Labour Law Shake-Up

India’s gig economy is rewriting the rules of work.

Behind the rapid growth lies a deeper story — one of transformation and tension. The gig economy represents freedom and flexibility for some, uncertainty and precarity for others.

In this special series, Eye on Retail, supported by Flipkart, Govindraj Ethiraj explores a conversation that examines how digital platforms, e-commerce, and logistics networks are reshaping India’s employment landscape.

Joining him are Dr. Arpita Mukherjee, Professor at the Indian Council for Research on International Economic Relations (ICRIER), and A. Balasubramanian, Senior Vice President at TeamLease Services.

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3 weeks ago
46 minutes 36 seconds

The Core Report
#719 Valuation Concerns Are Hanging Over Global Markets

On Episode 719 of The Core Report, financial journalist Govindraj Ethiraj talks you through the big business stories of the day. We also feature an excerpt from The Core’s How India’s Economy Works, hosted by journalist and author Puja Mehra and featuring Dr. Nisha Taneja, Professor at the Indian Council for Research on International Economic Relations (ICRIER).

SHOW NOTES

(00:00) The Take 

(06:36) Valuation concerns are hanging over global markets

(08:37) There are more private equity firms than McDonald’s restaurants in North America

(10:58) What Indian exporters need to become more competitive, learnings from China


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3 weeks ago
20 minutes 52 seconds

The Core Report
Every Monday to Saturday, tune in as financial journalist and host Govindraj Ethiraj gives you the latest news in business, economy and technology