The Daily Brief is built on offering best-in-class analysis delivered free.
ZERODHA’s traction is compelling.They’re converting huge data into information for we ordinary people, not for TV/platforms—built on trust, depth, and intention.
Today’s notes —Can Nayara survive a thousand cuts? & Is Indigo’s tough quarter just a hiccup?—resonate with me and increase my knowledge.Well Done, The Daily Brief by Zerodha !
Always a joy to read these. I sometimes wonder if Indians start reading and thinking critically through long-form writing, most of the irrational bias that goes in through the mix would be irrevocably cut down.
Coming to the point now:
These oil conglomerates, in my view, resemble the Ship of Theseus. Their ownership and surface identity may shift due to geopolitical tensions or sanction regimes, but their core utility i.e fueling a nation’s energy lifecycle remains indispensable. A refinery like the one in Jamnagar doesn’t just shut down because a shareholder changes or sanctions are levied; it continues to operate, adapt, and serve its critical function. Strategic infrastructure outlives financial storms and political reshuffling, because it’s simply too vital to be abandoned.
Also for Indigo, it is great to see a Indian airlines taking its footsteps outside India and to the world. While the restructuring of Air India happens on the side, having two Indian Airlines competing with each other would bode well for the consumers too.
These case studies shows how difficult the management jobs are for any well-run business. It requires continuous adaptation through shape shifting nature of policies. Sometimes I have felt that it is the ordinary daily silent work that eventually generates extraordinary results. It never is the outcome of anything flashy. Indigo is a great example of this. Also brings in immense pride as an Indian to see this.
And then lastly Trump, he is a businessman and thinks everything through leverage. India must not back down to his play irrespective. It is rather time to think how to bridge the gap with other countries for export.
I am actually curious, what kind of exports India has for the US which are going to be affected through this tariff-hike? Are these goods on the higher order of the manufacturing chain or in the lower order of it? It would be nice to understand this part.
Hey Abhijeet, thank you for your insightful comment yet again, we learn something from you in each comment :)
I think the lesson here isn't only that management jobs are hard, but also: management jobs in (present or past) nationally-strategic companies are even more stressful. Air India, Nayara (which has literally seen its leadership change overnight) are living examples of it.
And the reason these jobs are hard is because either a) these are public (or pseudo-public) utilities or b) they're geo-politically sensitive. Nayara, to some extent, falls in both - despite its private ownership, the oil industry as a whole is massively controlled by the state.
As for your second comment, us at The Daily Brief might just be losing some sleep over tracking these tariffs hahahahaha. But a good heuristic might be to look at what we export to the US in huge quantities, and what we don't. The former (like IT services) might evade tariffs because the US relies on us to keep up their IT stack. The latter, well :)
The Daily Brief is built on offering best-in-class analysis delivered free.
ZERODHA’s traction is compelling.They’re converting huge data into information for we ordinary people, not for TV/platforms—built on trust, depth, and intention.
Today’s notes —Can Nayara survive a thousand cuts? & Is Indigo’s tough quarter just a hiccup?—resonate with me and increase my knowledge.Well Done, The Daily Brief by Zerodha !
Thank you so much! We're really glad you like it :)
Always a joy to read these. I sometimes wonder if Indians start reading and thinking critically through long-form writing, most of the irrational bias that goes in through the mix would be irrevocably cut down.
Coming to the point now:
These oil conglomerates, in my view, resemble the Ship of Theseus. Their ownership and surface identity may shift due to geopolitical tensions or sanction regimes, but their core utility i.e fueling a nation’s energy lifecycle remains indispensable. A refinery like the one in Jamnagar doesn’t just shut down because a shareholder changes or sanctions are levied; it continues to operate, adapt, and serve its critical function. Strategic infrastructure outlives financial storms and political reshuffling, because it’s simply too vital to be abandoned.
Also for Indigo, it is great to see a Indian airlines taking its footsteps outside India and to the world. While the restructuring of Air India happens on the side, having two Indian Airlines competing with each other would bode well for the consumers too.
These case studies shows how difficult the management jobs are for any well-run business. It requires continuous adaptation through shape shifting nature of policies. Sometimes I have felt that it is the ordinary daily silent work that eventually generates extraordinary results. It never is the outcome of anything flashy. Indigo is a great example of this. Also brings in immense pride as an Indian to see this.
And then lastly Trump, he is a businessman and thinks everything through leverage. India must not back down to his play irrespective. It is rather time to think how to bridge the gap with other countries for export.
I am actually curious, what kind of exports India has for the US which are going to be affected through this tariff-hike? Are these goods on the higher order of the manufacturing chain or in the lower order of it? It would be nice to understand this part.
As usual, a great read. Thanks folks!
Hey Abhijeet, thank you for your insightful comment yet again, we learn something from you in each comment :)
I think the lesson here isn't only that management jobs are hard, but also: management jobs in (present or past) nationally-strategic companies are even more stressful. Air India, Nayara (which has literally seen its leadership change overnight) are living examples of it.
And the reason these jobs are hard is because either a) these are public (or pseudo-public) utilities or b) they're geo-politically sensitive. Nayara, to some extent, falls in both - despite its private ownership, the oil industry as a whole is massively controlled by the state.
As for your second comment, us at The Daily Brief might just be losing some sleep over tracking these tariffs hahahahaha. But a good heuristic might be to look at what we export to the US in huge quantities, and what we don't. The former (like IT services) might evade tariffs because the US relies on us to keep up their IT stack. The latter, well :)