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WCRCLeaders

Best Management Thinking worldwide

Essays and analysis on how companies are actually run, written for people who have to make the call rather than comment on it.

The global view: Indian-origin leaders abroad, cross-border brands and the indices that compare them on one scale.

On WCRC Leaders

UAE and Singapore move to CEPA talks on $6.5bn of trade, up 25%

UAE and Singapore move to CEPA talks on $6.5bn of trade, up 25%

The UAE and Singapore have agreed to negotiate a Comprehensive Economic Partnership Agreement, add an energy taskforce with ADNOC and welcome Temasek to Abu Dhabi. The Gulf-Asia corridor is moving from goodwill to legal text.

HPCL earns ₹3,625 crore as $116 crude tests India's oil bill

HPCL earns ₹3,625 crore as $116 crude tests India's oil bill

Hindustan Petroleum is back in profit after a ₹12,265 crore loss in the June quarter, but its numbers show exactly where the Gulf crisis lands in India: fat refining margins, capped pump prices and a growing LPG bill that someone will have to pay.

India-New Zealand FTA is live: 100% duty-free access, dairy kept out

India-New Zealand FTA is live: 100% duty-free access, dairy kept out

India's trade agreement with New Zealand took effect on 20 October 2026, giving every Indian export duty-free entry and opening a talent corridor for students and skilled workers. India paid for it without opening its dairy market, and that bargain now sets the template for its talks with the Gulf and the United States.

Rubio in Mumbai: India-US trade deal is "very, very close"

Rubio in Mumbai: India-US trade deal is "very, very close"

Marco Rubio's India itinerary named Mumbai and Jamnagar, not New Delhi. He met India's foreign minister with the UAE at the table and said a trade deal is near. Exporters now need to know what tariff they will face, and when.

DIP Holding IPO: the UAE's first 2026 listing bets on AED 700m dividends

DIP Holding IPO: the UAE's first 2026 listing bets on AED 700m dividends

Dubai Investments is selling a fifth of the company that owns Dubai Investments Park, in what it calls the UAE's first IPO of 2026. The pitch is income, not growth, and it arrives while the Gulf economy is still shrinking from the regional war.

Hindustan Zinc's $671m quarter: silver, a weak rupee and rare earths

Hindustan Zinc's $671m quarter: silver, a weak rupee and rare earths

Hindustan Zinc has reported the most profitable quarter in its history in Amarendu Prakash's first full quarter as chief executive. The harder question for the Vedanta subsidiary is what it does with the cash, and whether a new rare earth block in Karnataka can become a second business.

FII10 slips to 2027: what Riyadh's delay means for CEOs and boards

FII10 slips to 2027: what Riyadh's delay means for CEOs and boards

Saudi Arabia's flagship investor summit will not meet next week. After a run of deadly strikes on Riyadh's main airport, the "Davos in the Desert" has moved to 2027, and the question for leaders is no longer whether to fly in, but how to keep deals moving without the room.

$133bn: what India's rupee defence is costing its biggest banks

$133bn: what India's rupee defence is costing its biggest banks

The Reserve Bank's dollar swap window pulled in $132.98bn of non-resident foreign currency deposits in under three months. The money flattered bank balance sheets in the September quarter, and the bill is now showing up in margins.

UltraTech's Ultravolt: why a cement giant is selling wires to homeowners

UltraTech's Ultravolt: why a cement giant is selling wires to homeowners

UltraTech Cement grew profit by a fifth in a monsoon quarter, but the more telling line in its 19 October results was a new consumer brand. With Ultravolt, India's largest cement maker is asking homeowners and electricians to trust it with the wiring inside their walls, in a market Polycab and Havells have spent decades building.

135 attacks since February: what Gulf and Indian boards must price in

135 attacks since February: what Gulf and Indian boards must price in

Shipping attacks in Gulf waters reached 12 in a single week, and operations at Riyadh's main airport were suspended after repeated strikes. For companies in India and the Gulf, war risk is no longer an event to wait out. It is an operating cost to be budgeted.

Jio Platforms' ₹30,213 crore IPO: why no one is selling

Jio Platforms' ₹30,213 crore IPO: why no one is selling

India's largest public offer is built entirely of new shares. No existing investor is cashing out, and that choice tells boards more about Reliance's plans for Jio than the price band does.

Vedanta doubles Gamsberg, and Ramaphosa now wants a zinc smelter

Vedanta doubles Gamsberg, and Ramaphosa now wants a zinc smelter

President Cyril Ramaphosa opened the second phase of Vedanta's Gamsberg zinc mine on 16 October. The roughly $600m expansion doubles ore capacity at a remote Northern Cape pit, and puts a refinery decision on the table.

HDFC Bank Q2: deposits finally outrun loans, but profit rises just 4.7%

HDFC Bank Q2: deposits finally outrun loans, but profit rises just 4.7%

HDFC Bank has done the hard part of its post-merger repair: deposits are now growing faster than loans. The price is showing up in profit, and it is the inheritance Anup Bagchi takes on when he becomes chief executive on 27 October.

IMF sees 3.4% world growth in 2027: what boards should plan for

IMF sees 3.4% world growth in 2027: what boards should plan for

The IMF's October 2026 World Economic Outlook describes a world economy that is still growing but leaning on shrinking buffers. For leaders in India, the Gulf and Asia, the forecast for 2027 depends on one shipping lane, one technology cycle and the bond market.

Fairfax wins IDBI Bank: inside India's Rs 52,878 crore bank sale

Fairfax wins IDBI Bank: inside India's Rs 52,878 crore bank sale

India has chosen Prem Watsa's Fairfax to take control of IDBI Bank at Rs 81 a share. It is the first time the state has handed a bank of this size to a private, foreign-owned buyer, and it reopens a privatisation agenda many had written off.

The $111bn integration test: how Skydance will be run

The $111bn integration test: how Skydance will be run

Paramount has closed its takeover of Warner Bros. Discovery and renamed the combined group Skydance. The governance design it chose, with a chairman-CEO, a co-CEO in charge of integration, passive Gulf capital and a court-backed news-independence board, says a great deal about what the company will prioritise first.

India's first rate hike since 2023: what it means for capex and the festive season

India's first rate hike since 2023: what it means for capex and the festive season

The Reserve Bank of India has raised its policy rate for the first time since February 2023 and signalled that cuts are off the table. With growth still forecast at 7.1%, the message to companies is that money will cost more, not that the economy is slowing.

Mukesh Ambani vs Elon Musk: The Starlink Challenge That Could Redefine India's Digital Sovereignty

Mukesh Ambani vs Elon Musk: The Starlink Challenge That Could Redefine India's Digital Sovereignty

From telecom dominance to satellite sovereignty: why Reliance Jio's next great leadership challenge is not simply to compete with Starlink, but to help India build a world-class indigenous space communications ecosystem.

The Consumer Gave You the Crown. A Creator Can Take It Away.

The Consumer Gave You the Crown. A Creator Can Take It Away.

Market leadership is not ownership. It is a continuing sequence of consumer choices — and the distance that once separated creators from consumers has collapsed. Why the most dangerous sentence in business is “we know our market”.

Can We Still Trust What We See?

Can We Still Trust What We See?

For most of our lives, photographs and videos carried a basic assumption: something happened. AI is weakening that assumption. The greatest danger may not be that we believe everything that is fake — but that we begin doubting everything that is real.

Why Corporate Reputation Is Moving From Communications to the Boardroom

Why Corporate Reputation Is Moving From Communications to the Boardroom

Trust is increasingly influencing customer choice, talent, leadership credibility, risk, growth and investor confidence. Corporate reputation is no longer something organisations can manage primarily through communications. It is becoming an enterprise-level asset shaped by how the business actually behaves.

India's Startup Base Crosses 2.47 Lakh. The Next Challenge Is Building Companies That Endure

India's Startup Base Crosses 2.47 Lakh. The Next Challenge Is Building Companies That Endure

India has built startup scale. Its next test is whether entrepreneurial activity can consistently produce durable businesses, major employers and institutions capable of surviving beyond founders and funding cycles.

The Silence of a Leader: How Shubman Gill Wrote a New Anthem of Command at Edgbaston

The Silence of a Leader: How Shubman Gill Wrote a New Anthem of Command at Edgbaston

With a bat as his voice and calm as his compass, Gill reimagined leadership—transforming a haunted stage into a theatre of belief and resilience. THE GILL IMPERATIVE: How a 25-Year-Old Captain Forged a New Template for Leadership at EdgbastonBy Abhimanyu Ghosh, CEO & Group E

Banking on Trust, Built for Tomorrow: The IndusInd Transformation Story

Banking on Trust, Built for Tomorrow: The IndusInd Transformation Story

IndusInd Bank: India's Most Powerful Brands Rank 50: Powered by Digital, Trusted by Millions — The IndusInd Promise

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