Advait Palepu
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Advait Palepu
@advait-px.bsky.social
India Wealth Reporter at Bloomberg News
Tip: advait.prx@protonmail.me
Views are personal
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In March, an Indian pharma company was indicted in the US for exporting chemicals used to make fentanyl. It was allegedly looking to ship another 4 tons via Mexico
But eight months on US prosecutors are on the back foot. What happened?

✍️W/@DanStrumpf
Trump's Fentanyl Fight Sets Sights on India's Pharma Industry
As US-India relations began to sour earlier this year, drug-control experts briefed officials in the Trump administration on how the South Asian nation fit into the murky trade in chemicals used to ma...
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November 26, 2025 at 11:14 AM
Anybody study the relation between infrastructure spending by centre and state governments and voting patterns? Any recent (post 2019) papers on Infra, GFCF/Capex by states and +/- per capita incomes?

Does higher state capex lead to higher incomes ? Does it influence voting?
November 26, 2025 at 10:42 AM
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US prosecutors filed several charges against India-based pharmaceutical companies this year, alleging they illegally trafficked in fentanyl precursors.

However, its highest-profile India case to date has faced setbacks.

✍️With Dan Strumpf
Trump’s Fentanyl Fight Turns to India in ‘Game of Whack-a-Mole’
As US-India relations began to sour earlier this year, drug-control experts briefed officials in the Trump administration on how the South Asian nation fit into the murky trade in chemicals used to ma...
www.bloomberg.com
November 26, 2025 at 3:50 AM
bloomberg.com/news/articles/2025-11-19/billionaire-family-turns-india-s-gold-obsession-into-a-fortune?srnd=undefined

Kerala-based Muthoot Finance has ridden the gold wave since the pandemic boosting its founding family's net-worth to over $13 billion
Billionaire Family Turns India’s Gold Obsession Into a Fortune
The Muthoot clan’s lending empire holds more bullion than some central banks
bloomberg.com
November 20, 2025 at 4:23 AM
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"An India-bound tanker filled with Russian crude reversed course and is now idling in the Baltic Sea, a sign of potential disruption in oil trade between the two countries after the US tightened sanctions on Moscow."
India-Bound Tanker Carrying Russian Crude U-Turns in Baltic Sea
An India-bound tanker filled with Russian crude reversed course and is now idling in the Baltic Sea, a sign of potential disruption in oil trade between the two countries after the US tightened sancti...
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October 29, 2025 at 7:52 AM
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Officials in the Indian government were apprehensive that Trump would repeat his claim that he mediated a ceasefire between India and Pakistan after a four-day armed conflict in May.

India has consistently denied Trump’s involvement.

✍️Sudhi Ranjan Sen
Modi Skipped Summit Due to Worries Trump Would Mention Pakistan
Indian Prime Minister Narendra Modi stayed away from a regional leaders summit in Malaysia this week to avoid meeting US President Donald Trump and having a possible discussion about Pakistan, people ...
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October 29, 2025 at 7:50 AM
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India’s state-owned refiners intend to buy more liquefied petroleum gas from the US at the expense of Middle Eastern supplies as part of a planned trade deal, people familiar with the companies’ plans said.
Indian State Refiners Aim to Buy More LPG From US as Part of Planned Deal
India’s state-owned refiners intend to buy more liquefied petroleum gas from the US at the expense of Middle Eastern supplies as part of a planned trade deal, people familiar with the companies’ plans...
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October 17, 2025 at 2:49 AM
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India’s tax authorities have raided the local offices of Graviton Research Capital LLP as the country steps up scrutiny of trading firms.
Indian Tax Authorities Raid Proprietary Trading Firm Graviton
India’s tax authorities have raided the local offices of Graviton Research Capital LLP as the country steps up scrutiny of trading firms.
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October 17, 2025 at 2:48 AM
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LG's bankers got paid 450 million rupees each for arranging its IPO on the Indians stock exchanges, almost triple the average for bankers behind Tata Capital's IPO
LG India’s Bankers Hauled in Higher Fees Than Tata’s Bigger IPO
Tata Capital Ltd. just completed India’s biggest initial public offering of the year but it turns out that LG Electronics India Ltd.’s smaller deal was the more lucrative job for the banks.
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October 17, 2025 at 2:47 AM
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Ten months into his tenure, India’s central bank head Sanjay Malhotra has sent a clear signal to currency traders: the rupee can move a little more freely, but speculators risk getting crushed.
Indian Rupee Bears Crushed by Central Bank's Surprise Intervention
Ten months into his tenure, India’s central bank head Sanjay Malhotra has sent a clear signal to currency traders: the rupee can move a little more freely, but speculators risk getting crushed.
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October 17, 2025 at 2:45 AM
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Billionaire Ken Griffin’s Citadel Securities LLC is mulling an entry into commodity markets in India and sees the country as a key growth driver over the next decade as its market watchdog tries to improve liquidity in the cash market.
Citadel Securities Plans India Push as Watchdog Seeks Liquidity
Billionaire Ken Griffin’s Citadel Securities LLC is mulling an entry into commodity markets in India and sees the country as a key growth driver over the next decade as its market watchdog tries to im...
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October 17, 2025 at 2:43 AM
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India’s securities regulator will upgrade its algorithmic and high-frequency trading framework to ensure a level playing field for all market participant, Tuhin Kanta Pandey, chairman of the SEBI told Bloomberg
India Regulator to Upgrade HFT Rules to Ensure Fair Play
India’s securities regulator will upgrade its algorithmic and high-frequency trading framework to ensure a level playing field for all market participants, its chief said on Thursday.
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October 17, 2025 at 2:43 AM
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Peyush Bansal founded eyewear-maker Lenskart Solutions Ltd. more than 15 years ago with partners he met on LinkedIn and grew it into a multi-billion dollar business. Now the 41-year-old entrepreneur and Indian television star is in line for a windfall.
Shark Tank Judge Peyush Bansal Nears Billionaire Status With Lenskart IPO
Peyush Bansal founded eyewear-maker Lenskart Solutions Ltd. more than 15 years ago with partners he met on LinkedIn and grew it into a multi-billion dollar business. Now the 41-year-old entrepreneur a...
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October 17, 2025 at 2:37 AM
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"Tycoon Nirmal Jain is aggressively hiring bankers and pivoting his brokerage to wealth management, underscoring how Indian firms are racing to tap the nation’s swelling ranks of rich clients."
Billionaire Nirmal Jain Hiring 60 Bankers for India Wealth Boom
Tycoon Nirmal Jain is aggressively hiring bankers and pivoting his brokerage to wealth management, underscoring how Indian firms are racing to tap the nation’s swelling ranks of rich clients.
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May 29, 2025 at 2:31 AM
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Where to Invest 10 Lakh Rupees?
We asked Four experts on the best opportunities for Indian investors as global uncertainty reigns

✍️w/ Savio Shetty & Preeti Singh
How to Invest 10 Lakh Rupees
Keep it simple and play the long game. Experts share strategies on where to invest in India as Trump tariffs rewrite the global trade rulebook.
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May 20, 2025 at 3:25 AM
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"...India threatened to impose retaliatory tariffs on the US in response to Trump’s higher duties on steel and aluminum. New Delhi’s move was likely a negotiating tactic..."

✍️Shruti Srivastava and Ruchi Bhatia
India Signals Tougher US Trade Stance as China’s Tactic Pays Off
Indian officials said trade talks with the US remain on track, although there are signs that New Delhi is adopting a tougher approach in negotiations, following China’s defiance of US President Donald...
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May 15, 2025 at 3:04 AM
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"India’s largest stock exchange has closed an investigation into irregular trades by Jane Street Group, one of the most active foreign players in the country’s derivatives markets"

✍️Chiranjivi Chakraborty, Alex G Simon & Anto Antony
Jane Street Trading Investigation Closed by India’s NSE
India’s largest stock exchange has closed an investigation into irregular trades by Jane Street Group, one of the most active foreign players in the country’s derivatives markets, according to people ...
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May 15, 2025 at 2:40 AM
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Pakistan said it shot down five Indian airplanes in retaliation to Indian military strikes

The downing of the jets are not “hostile acts” and Pakistan was defending its territory, Pakistan Defense Minister Khawaja Muhammad Asif told Bloomberg TV
Pakistan Says Five Indian Planes Shot Down
Pakistan said it shot down five Indian airplanes in retaliation to Indian military strikes early Wednesday.
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May 7, 2025 at 1:05 AM
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"India conducted targeted military strikes against Pakistan, which said it shot down five Indian jets in retaliation, in widely expected tit-for-tat blows after a militant attack last month in Kashmir that killed 26 people."
India, Pakistan Trade Military Strikes After Kashmir Attack
India conducted targeted military strikes against Pakistan, which said it shot down five Indian jets in retaliation, in widely expected tit-for-tat blows after a militant attack last month in Kashmir ...
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May 7, 2025 at 1:04 AM
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The military strikes by India comes exactly two weeks after suspected militants killed 26 people at a popular tourist spot in Kashmir
Pakistan Says It Has Shot Down Five Indian Planes
India Strikes Pakistan After Kashmir Attacks: Live News and Updates
bloomberg.com
May 7, 2025 at 12:51 AM
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"Sumitomo Mitsui Financial Group Inc., Japan’s second-biggest lender, is in talks to buy a significant minority stake in India’s Yes Bank Ltd"

✍️Baiju Kalesh
SMFG Is Said in Talks to Buy Minority Stake in India’s Yes Bank
Sumitomo Mitsui Financial Group Inc., Japan’s second-biggest lender, is in talks to buy a significant minority stake in India’s Yes Bank Ltd., according to people familiar with the matter.
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May 6, 2025 at 4:09 AM
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"For years, money from diasporas globally has powered developing countries like India, where many villages are almost entirely dependent on remittances from abroad."

✍️Swati Gupta, Saijel Kishan, and Kelsey Butler
India Risks Losing a $120 Billion Lifeline as US Curbs Migration
Around the world, cash remittances from workers abroad are vital to local economies.
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May 6, 2025 at 4:07 AM
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"Since Sunday morning, the water flow has been throttled by almost 90% of the usual volume that passes to Pakistan.... The nation will be forced to slash water supplies to farms by a fifth if the flow remains curtailed"

✍️Kamran Haider and Rajesh Kumar Singh
Pakistan Says India Chokes River Flow as Fears of Conflict Rise
Pakistan alleged that India has almost entirely stopped the flow of water across the border through the Chenab river as fears of a clash between the two neighbors mount following a deadly attack in Ka...
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May 6, 2025 at 4:06 AM
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"The turmoil couldn’t come at a worse time for the economies of the two nuclear-armed nations"

✍️Dan Strumpf, Sudhi Ranjan Sen, and Faseeh Mangi
India and Pakistan Edge Toward a Conflict Neither Can Afford
India and Pakistan are the closest they’ve been to military conflict in years following last month’s devastating attack on Indian tourists in Kashmir. The turmoil couldn’t come at a worse time for the...
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May 6, 2025 at 4:05 AM
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"Asia’s richest man is challenging the decades-long dominance of Coca-Cola Co. and PepsiCo Inc. in the most-populous country using a playbook he has practiced to perfection in other sectors: price disruption."

✍️Satviki Sanjay
Ambani’s 12-Cent Cola Is Eroding Coke, Pepsi Dominance in India
Mukesh Ambani's 12-cent Campa Cola is beginning to erode the dominance of US giants Coke and Pepsi in India's beverage market
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May 6, 2025 at 4:00 AM