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JioBlackRock wants to manage your money at near-zero fees
The Big Picture
JioBlackRock raised ₹17,800 crore in three days selling funds with rock bottom fees. Here's who the cheap money really serves, and where it actually sits.
Also in today's brief
- 01UPI Was Never Free. Here's Who Paid
- 02Why Investors Bid 74x for a Wire Maker
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Fresh from the Desk

JioBlackRock wants to manage your money at near-zero fees
JioBlackRock raised ₹17,800 crore in three days selling funds with rock bottom fees. Here's who the cheap money really serves, and where it actually sits.
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UPI Was Never Free. Here's Who Paid
Parliament just cleared the way for a fee on UPI merchant payments. Here's who has been footing the bill since 2020, and why that money ran out.
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Why Investors Bid 74x for a Wire Maker
Dhoot Transmission's ₹3,067 crore IPO drew bids 74 times over. Here's why a bundle of copper wires becomes 2.5x more valuable when a scooter goes electric.
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Why Accenture Asked 8 Lakh Staff to Skip Vacation
Accenture told employees to defer holidays and push sales before August 31. Here's the bookings machinery behind the memo, and what it means for Indian IT.
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Shiprocket IPO: India's Biggest Shipper Owns No Trucks?
Shiprocket ships crores of parcels without owning a single truck, yet still loses money. Here's how the aggregator model works and where it cracks.
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Why Did Bharat Forge Post a Loss Despite 19% Growth?
Bharat Forge grew revenue 19% yet posted a ₹90 crore loss and crashed 9%. Here's how a German goodbye cheque explains it all.
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