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
Apr 3, 2025 • 37min
#548 Indian Markets Battle Tariff Headwinds
On Episode 548 of The Core Report, financial journalist Govindraj Ethiraj talks to Shankkar Aiyar, Politics Economy Analyst & Author, Ajay Srivastava, Founder at Global Trade Research Initiative and Dr Viranchi Shah, Former National President and Spokesperson at the Indian Drug Manufacturer Association.SHOW NOTES(00:00) Stories of the Day(01:00) Indian markets battle tariff headwinds even as US markets see $1.75 trillion rout(04:37) Gold prices hit fresh highs on tariff announcements and fresh bouts of uncertainty(05:26) Oil prices fall below $70 a barrel, output to go up further(06:50) Decoding the impact of tariffs on India and piecing together what its strategy should beListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Apr 2, 2025 • 25min
#547 Markets Rebound As They Brace For Tariffs
On Episode 547 of The Core Report, financial journalist Govindraj Ethiraj talks to Mohit Makhija, Senior Director at Crisil Ratings. We also feature an excerpt from our recent interview with RS Subramanian, Senior Vice President (South Asia) at DHL Express.SHOW NOTES(00:00) The Take: The Trump Tariff Breakdown(05:38) Markets Rebound As They Brace For Tariffs(11:31) Car companies hike prices as demand continues to be tepid(13:24) India is seeing a bond buying frenzy ahead of a rate cut(14:22) Why India’s Cables & WIres sector is seeing massive growth and investmentsListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Apr 1, 2025 • 35min
#546 Markets Reel From Impending Tariffs
On Episode 546 of The Core Report, financial journalist Govindraj Ethiraj talks to Anuj Puri, Chairman and Founder at ANAROCK as well as Jamal Mecklai, CEO at Mecklai Financial.SHOW NOTES(00:00) The Take(04:50) Markets reel from impending tariffs on Indian exports and macro shifts(05:57) Gold hits fresh record high(11:10) India’s residential real estate deals slow down but commercial is on sound footing(24:05) Will tariff wars accelerate de-dollarisation?(32:44) Airline cargo, passenger airline growth figures slow in FebruaryListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 31, 2025 • 26min
#545 Markets Close Last Financial Year In Positive
On Episode 545 of The Core Report, financial journalist Govindraj Ethiraj talks to Madhavi Arora, Chief Economist, Emkay Global Financial Services as well as Aditya Valiathan Pillai, Visiting Fellow at Sustainable Futures Collaborative.SHOW NOTES(00:00) Stories of the Day(01:09) Markets crackle in slog overs to close last financial year in positive(02:14) Gold hits a fresh record high, up 37% in last financial year(05:50) Credit card spends fall to a 7-month low of ₹1.67 trillion in February(08:37) Tariffs will hit tomorrow, how should India be thinking about them going ahead?(18:36) Fresh predictions on a hot April and summer. How should private and Government sectors be approaching this?Listeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 30, 2025 • 41min
#544 The Man Who Built India’s First Data Centre: Sharad Sanghi On Power, AI & The Future
He built India's first data centre when the term didn't even exist. Today, he's powering the AI revolution.In this special episode of The Core Report Special Edition, Govindraj Ethiraj speaks with Sharad Sanghi, founder of NetMagic and CEO of NEYSA, about the evolution of India’s data centre industry — from server closets in the early 2000s to AI-powered hyperscale campuses today.What you’ll learn in this episode:1. How India’s first data centre was built2. Why Mumbai is the data centre capital of India3. The pivotal role of banks, hyperscalers, and AI in industry growth4. How power, fibre, and cooling define modern data centres5. Sharad’s vision for democratizing AI with NEYSAA must-watch for anyone interested in tech infrastructure, enterprise IT, AI adoption, and the future of cloud services in India.Listeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 28, 2025 • 52min
#543 India: From Consumer to Export Powerhouse – DHL’s Bold Outlook | R.S. Subramanianm
In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj speaks with R.S. Subramanian, Senior Vice President South Asia at DHL Express, to explore how global logistics is evolving amid economic uncertainty, supply chain complexity, and geopolitical shifts.From India's emergence as a global manufacturing hub to DHL's on-ground response during the Nepal earthquake, this episode dives deep into how DHL builds resilient, crisis-proof logistics networks and ensures supply chain continuity in the face of disruption.Discover how DHL is enabling faster trade routes, embracing digitalisation, and leading sustainable logistics practices across sectors like electronics, automotive, e-commerce, and life sciences. Learn why global trade isn’t shrinking—but becoming more intricate—and how India is positioned to benefit.SHOW NOTES(00:00) Introduction(01:00) How is DHL coping with the current trade war situation(03:55) Understanding DHL’s presence in India(07:06) Migration of Supply Chains(09:40) Sophistication of supply chains(11:32) Complexities of Electronics Supply chains(14:45) Trade Growth + DHL(17:08) International trade(20:16) Manufacturing(21:47) Multi-contingency options(24:20) Delivery infrastructure, partner network(29:19) TDS(31:11) Customs is very efficient, capacity is the issue(35:19) Supply Chain resilience(36:35) GT20(41:00) DHL’s Sustainability efforts(46:14) DHL has been a market creator in India(47:36) DHL Express Network + customer Service(48:14) DHL + Customs(49:33) DHL Go Help (Disaster Relief Logistics)Listeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 27, 2025 • 32min
#542 Markets Survive a Fresh Volley of Tariff Fire
On Episode 542 of The Core Report, financial journalist Govindraj Ethiraj talks to Ajay Bagga, veteran investor and market analyst as well as Ajay Srivastava, Founder of Global Trade Research Initiative.SHOW NOTES(00:00) Stories of the Day(01:09) Markets survive a fresh volley of tariff fire(03:29) How FIIs continue to drive sentiment and price movements(14:29) Goldman raises its year end gold price target to $3,300(16:56) India is now facing tariff impact on auto, auto components, steel and aluminium from the US. What’s next?(26:06) Indian media and entertainment industry revenues fell 3% last year even as Digital advertising in 2024 grew 17 per cent to Rs 70,000 crore, which was 55 per cent of total Listeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 26, 2025 • 28min
#541 Markets Retreat as Tariff Fears Reign Once Again
On Episode 541 of The Core Report, financial journalist Govindraj Ethiraj talks to Dr. Suresh Itapu, Chairman of the Soy Food Promotion and Welfare Association (SFPWA) as well as Himanshu Parekh, Partner and Head of Tax (West) at KPMG Assurance & Consulting Services LLP.SHOW NOTES(00:00) The Take(04:41) Markets retreat as tariff fears reign once again. FII buying at $2 billion in four days.(07:44) The Rupee continues to rise towards the year end(10:34) Why India’s soy makers would welcome America’s reciprocal tariffs on soybean and thus lower import duties in India(18:46) A 6% equalisation levy or Google tax is set to go, what does it meanListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 25, 2025 • 25min
#540 Markets Halt Their Rally but Hold In Positive
On Episode 540 of The Core Report, financial journalist Govindraj Ethiraj talks to Manish Gupta, Senior Director and Deputy Chief Ratings Officer, Crisil Ratings Limited. We also feature an excerpt from our recently released Business Books Edition featuring author and entrepreneur K Ganesh.SHOW NOTES(00:00) Stories of the Day(01:00) Markets halt their rally but hold in positive despite fresh tariff threats and Asian weakness(02:54) Tariffs are back on the table and gold is strengthening again(03:33) Oil prices start inching up on threat of US tariff on Venezuelan crude. Shell unveils major gas targets(05:36) In unusual phenomenon, India’s cement industry is seeing acquisitions at a per tonne cost lower than greenfield projects(15:30) A story of disruption, from the days of the personal computer, with K GaneshListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Mar 24, 2025 • 26min
#539 The Stockmarkets Pull Back Their Entire 2025 Losses
On Episode 539 of The Core Report, financial journalist Govindraj Ethiraj talks to Garima Kapoor, Economist and Executive Vice President at Elara Securities (India) as well as Anindya Banerjee, Head of Research for Forex and Interest Rates at Kotak Securities.SHOW NOTES(00:00) Stories of the Day(01:08) The stockmarkets pull back their entire 2025 losses(04:43) The Rupee gains for ninth session, recovers 2025 losses(05:49) Understanding the dramatic turnaround in the Rupee, the best performing Asian currency this month(12:23) What is changing in the backdrop to the Indian economy that is changing the outlook as well?(21:15) Private capital expenditure's share in the overall investments in the economy dipped to a decadal low of 33 per cent in FY24(23:14) And the one area where the US may not impose tariffs - eggs, which are running outListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
