Subtext by Zerodha podcast artwork
Business

Subtext by Zerodha

by Zerodha

Chart positions today · United States

Not on the United States charts we track today.

If you like Subtext by Zerodha, try…

Latest episodes

  • The state of nuclear energy in India ft. Karthik Ganesan

    October 29, 2026 · 1 hr 13 min

    We cover: - How nuclear fission actually works, why our risk perception of nuclear power is flawed, the complexities of fuel reprocessing, and the economic promise of Small Modular Reactors (SMRs). - It also covers India's unique…

  • The true cost of a government job exam in India. Ft. Kunal Mangal

    October 17, 2026 · 1 hr 2 min

    Why do millions of young Indians spend years preparing for government exams, even when private-sector jobs may pay significantly more? And what does this tell us about the economics of government jobs in India? Kunal discusses research in…

  • Rakesh Basant on how does innovation work in India

    October 8, 2026 · 1 hr 32 min

    We cover: - How process innovation differs from product innovation, why Indian firms struggle to transition between the two, the importance of tacit knowledge, and why Indian academia is historically disconnected from industry. - It also…

  • Sidu Ponnappa on the AI-native firm

    October 2, 2026 · 1 hr 40 min

    We cover: - Why an AI agent is an extension of your subconscious rather than a junior employee, why enterprise AI pilots fail due to terrible UX, and why the "good-enough" middle of India's IT sector is vanishing. - It also covers the flaw…

  • The power dynamics behind the world’s green transition

    September 17, 2026 · 1 hr 9 min

    We cover: - Why every wealthy nation protected its industries to develop, the reality behind technology transfer in clean-energy joint ventures, and why a "just transition" in India’s coal belt is about securing entire districts, not just…

Show 7 more episodesShow fewer episodes
  • Arvind Chari on why India Is just 1.6% of the world's portfolios

    September 10, 2026 · 1 hr 13 min

    Arvind Chari, Chief Investment Strategist at Quantum Advisors, joins Bhuvan to unpack why India has swung from being "TINA" (there is no alternative) to being called "anti-India" by global investors. They dig into why foreign capital still…

  • Mudit Narain on why India throws away free solar power

    September 5, 2026 · 1 hr 37 min

    We cover: - Why solar power gets curtailed despite its abundance, the evolution of the duck curve, the true cost of cross-subsidizing residential power, and how behind-the-meter storage is re-architecting the grid. - It also covers India's…

  • Rohit Chandra’s short history of Indian energy

    August 27, 2026 · 1 hr 52 min

    We cover: - How Cold War politics shaped early energy choices, how the national grid emerged from the railways, the true reasons behind coal nationalization, and the reality of managing large PSUs. - It also covers DISCOM load shedding…

  • Rajashree Murukute on India's Municipal Bond Market

    August 20, 2026 · 51 min

    We cover: - How rating municipalities differs from corporates, why cities struggle with data disclosures, and why pooled finance may be the only way forward for smaller urban bodies. - It also covers market liquidity, policy incentives…

  • Arpit Tandon on the road ahead for Indian IT

    August 13, 2026 · 1 hr 8 min

    We cover: - How AI is changing product management, why companies should think in terms of workflows instead of just software, the importance of domain knowledge, and why understanding a client's business may become more valuable than…

  • Mausam Kumar on the state of India’s industrial policy

    August 5, 2026 · 1 hr 38 min

    We cover: - Why Tamil Nadu became a magnet for Apple and global manufacturers - How the PLI scheme differs from India's historical approach to industrial incentives - The tension between central and state-level policy in shaping…

  • Sagar Lele on how to read company results like an analyst

    July 29, 2026 · 1 hr 30 min

    We cover: -Sell side vs. buy side: how each looks at quarterly results differently -Should long-term investors even care about quarterly results? -How to spot when management isn't telling the full truth — using numbers -Cyclical vs…

Full episode archive on Apple Podcasts →

About the show

Finance is full of noise. Everyone reacts to what just happened. We’re more interested in why it’s happening—and what lies beneath. Subtext is a series of conversations with people who have spent years thinking deeply about finance. Not necessarily the loudest voices, but those with real depth: traders who understand market structure, fund managers who have lived through multiple cycles, economists tracking India’s macro story, regulators shaping capital markets, founders building financial infrastructure, and VCs backing these companies.