Asia’s recent market divergence is being explained as an AI story. But the bigger shift may be institutional. The next phase of NIFTY outperformance may depend less on AI narratives and more on whether India can build the financial infrastructure

The NIFTY IT correction priced in fears of AI disruption. May 4 made the math binding — and the structural moat just got a name.

India's third-largest two-wheeler maker is benefitting from a once-in-a-generation rotation in the world's largest scooter market. The shift from motorcycles to scooters, the surge in electrification, and a quietly accelerating export book all converge on a single name in Chennai — and the equity market is yet to price it fully. The story of India's two-wheeler industry over the past three decades has been, almost without exception, a motorcycle story. Hero Honda's Splendor and Passion...