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
Latest episodes
Jan 29, 2025 • 27min
#494 The Markets Gain as FII Selling Slows and Eyes On Federal Reserve
On Episode 494 of The Core Report, financial journalist Govindraj Ethiraj talks to Riaz Thingna, Partner at Grant Thornton Bharat LLP. We also have an excerpt from an interview (part of our energy special series for India Energy Week 2025) featuring Arun Kumar Singh, Chairman and CEO of the Oil and Natural Gas Corporation (ONGC).
SHOW NOTES
(00:00) The Take: When Was India’ s Sputnik Moment
(05:57) The markets gain as FII selling slows and eyes on Federal Reserve
(08:25) The rupee closes flat, holds steady.
(09:40) ONGC’s journey from being an oil exploration company to an energy major.
(15:33) Moody’s makes case for policy revamp in India.
(18:05) Air India to resume Tel Aviv flights
(18:31) Direct tax expectations
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Jan 28, 2025 • 28min
#493 Banking Stock Rally Drives Up Indian Markets
On Episode 493 of The Core Report, financial journalist Govindraj Ethiraj talks to Madhavi Arora, Lead Economist at Emkay Global Financial Services as well as Praveen Singh, Associate VP, Fundamental Currencies and Commodities at Mirae Asset Sharekhan
SHOW NOTES
(00:00) A Small Take
(03:05) Banking stock rally drives up Indian markets
(05:16) Understanding the central bank’s liquidity boost measures, what caused the problem and now the solution
(16:02) Oil prices edge up as action in the high seas continues
(19:07) Colombian coffee prices are hitting record highs
(20:25) What is determining the prices of gold right now?
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Jan 27, 2025 • 28min
#492 Markets Hit 7 Month Low, Longest Losing Streak In 23 Years
On Episode 492 of The Core Report, financial journalist Govindraj Ethiraj talks to Jaspreet Bindra, founder and MD of Tech Whisperer LTd and Co-founder and CEO of Ai&Beyond as well as Dwarak Narasimhan, Partner at Price Waterhouse & Co, LLP, India
SHOW NOTES
(00:00) The Take
(05:38) Markets hit 7 month low, longest losing streak in 23 years
(08:57) Oil prices fall on fresh Trump call to OPEC to cut them
(10:35) Understanding DeepSeek, where did it suddenly come from?
(19:34) India Inc wants a friendlier corporate tax regime
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Jan 26, 2025 • 25min
#491 FIIs Have Sold Close to $8 Billion in January
On Episode 491 of The Core Report, financial journalist Govindraj Ethiraj talks to Shankkar Aiyar, veteran economic journalist and author.
SHOW NOTES
(00:00) Stories of the Day
(01:00) FIIs have sold close to $8 billion in January
(02:27) JP Morgan warns of sudden stop of foreign investment to emerging markets on account of better alternatives
(06:26) India keeps options on crude oil open after sanctions on Russia as there are many choices, says the Oil Minister
(09:13) The Trump Tariff Tracker: Another step back on China
(10:45) Does India’s middle class have a voice when it comes to taxes?
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Jan 24, 2025 • 41min
#490 From Petrochemicals to Data Centres: EIL's Mega Projects with Vartika Shukla
This week, on our Energy Special series as part of the India Energy Week 2025 (Feb 11-14), financial journalist Govindraj Ethiraj is joined by Vartika Shukla, Chairman and Managing Director of Engineers India Limited. With EIL having mega projects in various sectors, they talk about the range of influence of the petrochemical sector, with insights on its pivotal role in various industries. She also talks about the various aspects that go into the building of data centres, the challenges in skilling faced by engineers today as well as reflecting on her experiences leading complex mega projects. Tune in to get insight's into what it takes to build the mega projects that drive the Indian economy.
(00:00) Introduction
(03:15) The History and Objectives of EIL
(06:06) Doing work for India
(07:33) HVJ Pipeline
(09:00) Crude Oil Projects
(10:00) Taking on new projects
(12:49) EIL’s evolution over the years
(14:50) Using modern tools
(15:33) Complexities and Innovations of building Data centres
(19:20) A $20 billion project in Nigeria
(21:16) Tackling modern challenges in skilling for engineers
(24:28) Additional skills for engineers
(26:25) Why speed is an important factor for clients
(28:38) EIL’s order inflow
(31:00) The growth and importance of petrochemical projects
(34:10) Sectors that have opportunities for growth
(36:17) A notable project
(38:19) India Energy Week’s 3rd Edition and final thoughts
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Jan 23, 2025 • 21min
#489 Markets Hold On For Yet Another Day
On Episode 489 of The Core Report, financial journalist Govindraj Ethiraj talks to Revati Kasture, CEO at CareEdge Global IFSC Limited.
SHOW NOTES
(00:00) The Take
(04:50) Markets hold on for yet another day, IT saves the day.
(07:56) Gold prices retreat, oil prices steady.
(09:37) India has a global ratings agency, how does it work?
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Jan 22, 2025 • 25min
#488 Markets Recover from Trump and Earnings Battering
On Episode 488 of The Core Report, financial journalist Govindraj Ethiraj talks to Ambareesh Baliga, veteran market analyst as well as Pushan Sharma, Director- Research at Crisil Intelligence.
SHOW NOTES
(00:00) Stories of the Day
(01:00) Markets recover from Trump and earnings battering
(02:17) What are the underlying trends in the markets right now?
(09:42) The Rupee is holding relatively strong
(12:11) Oil prices yet to respond to Trump’s national energy emergency
(14:08) India’s whiskey & steel export strategy to the US
(17:08) Decoding India’s earnings growth slowdown for Q3
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Jan 21, 2025 • 25min
#487 The Markets Crash Again On Trump Policy Uncertainty
On Episode 487 of The Core Report, financial journalist Govindraj Ethiraj talks to Priyanka Kishore, Founder & Principal Economist at Asia Decoded as well as Prashanth Agarwal, Partner at PwC.
SHOW NOTES
(00:00) The Take
(05:19) The markets crash again on Trump policy uncertainty
(07:29) Oil prices ease off on increased supply triggers
(09:37) The Trump presidency: The Asia view
(16:13) Revenue growth slows in India as construction industry drags
(18:24) Indirect tax expectations
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Listeners! We await your feedback....
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Jan 20, 2025 • 32min
#486 Trump Effect Lifts Global and Indian Markets
On Episode 486 of The Core Report, financial journalist Govindraj Ethiraj talks to Aashish Sommaiyaa, Executive Director and CEO WhiteOak Capital Asset Management as well as Dr Irfan Nooruddin, the Hamad bin Khalifa Al-Thani Professor of Indian Politics at Georgetown University in Washington, D.C.
SHOW NOTES
(00:00) Stories of the Day
(01:00) Trump effect lifts global, Indian markets
(03:34) Which way are oil prices headed now?
(06:32) Stock picking in an era of market and economic uncertainty.
(21:00) What will a Trump administration mean for India, the new vulnerabilities ?
(28:35) Who is not at DAVOS?
(29:43) Billionaire wealth across the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday.
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Jan 19, 2025 • 37min
#485 The Stock Markets are Still Under Pressure, On Standby for Budget Cues
On Episode 485 of The Core Report, financial journalist Govindraj Ethiraj talks to Prabhu Dhamodharan, Convenor at the Indian Texpreneurs Federation as well as Karan Taruani, Consumer Analyst and Senior Vice President at Elara Securities.
SHOW NOTES
(00:00) The Take
(04:50) The stock markets are still under pressure, on standby for Budget cues
(06:12) India’s forex reserves are at 10 month low, down $79 billion
(07:53) India is now experiencing a structural slowdown, says UBS
(10:16) Will the US step up or down sanctions on Russian oil? And what that could mean for India?
(13:25) On Trump’s inauguration day, how could potential import tariffs hurt India’s apparel industry
(26:00) Reliance retail has reported strong Q3 results, does that mean consumer products are doing well?
Register for India Energy Week, Feb 11-14
Listeners! We await your feedback....
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