By Suman Mukhopadhyay · May 13, 2026 ➦ SUMANSPEAKS CAPITAL INTELLIGENCE | MARKETS & REGULATION SumanSpeaks INDEPENDENT CAPITAL MARKETS INTELLIGENCE · EST. 2008 MARKET PULSE · SPECIAL REPORT The Government's Gift to ONGC — and Why It Matters for Drillers Dalal Street is recalculating its math in offshore waters — but is the tide lifting all boats, or just the ones still afloat? § I 01 A Change in Tide Oil and Natural Gas Corporation (ONGC) rocketed higher recently on news that the Government of India finally decided to do something sensible — it reduced the royalty burden on crude oil and natural gas production. Onshore crude royalties were cut from 16.66% to 10%, offshore crude from 9.09% to 8%, and natural gas from 10% to 8%. There was also chatter about reduced fears on windfall t...
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SumanSpeaks Capital Intelligence 🔸 Markets & Regulation SumanSpeaks Independent Capital Markets Intelligence · Est. 2006 Market Pulse · Special Report Bear Cartel or Market Overreaction? Dalal Street is writing its will in mild turbulence — but is the hand holding the pen a nervous investor, or a well-funded speculator? Indian markets are currently behaving like a nervous flyer in mild turbulence who has already drafted his will, updated his nominee details, and is now WhatsApping his broker from 35,000 feet. Rising crude, a wobbling rupee, FII outflows, and the endless percussion of geopolitical headlines have combined to produce a cocktail of fear so potent it would knock over even the most steel-nerved Dalal Street veteran. But beneath the visible theatre of panic lies a question far more interesting than the ticker tape: Is this legitimate fear — or is fear itself the most aggressive...
SumanSpeaks Sharp opinion. Hard numbers. No brokerage fluff. Sector Report · India Electrification Economy · Mid-2026 India's Electrification Economy The Sun Is Now on the Balance Sheet Construction & Renewable Energy aren't "emerging sectors" anymore. They are the economy. Welcome to the party — it started without you. By Sumon Mukhopadhyay · Mid-2026 · Sector Intelligence For years, "India's energy transition" was the kind of phrase that made fund managers nod politely before quietly investing in something else. It sounded important, distant, and vaguely governmental — the sort of thing that would happen eventually, after several committees had met, several tenders had lapsed, and several ministers had been reshuffled. That hesitation now looks expensive. As of mid-2026, India is not preparing for an electrification economy. It is one. The transformation stretches across tran...
SumanSpeaks Sharp opinion. No sacred cows. No AI-approved definitions. Geopolitics · Electoral India · AI & Misinformation Fake Jihad Definitions Vs Bengal's Verdict ChatGPT calls it an "internal spiritual struggle." Bengal called it something else entirely. By Sumon Mukhopadhyay · May 2026 · 4 min read On the eve of the Bengal election, I posted something that made quite a few people do a double-take: "Are you all prepared for Jihad against the TMC?" BJP hardliners probably choked on their chai. Liberals perhaps thought to draft a complaint to the Election Commission. And ChatGPT — bless its algorithmically sanitised soul — would have responded with something like: "Jihad primarily means an internal spiritual struggle…" I wasn't interested in the ChatGPT version. I was interested in the one that actually moved history. "AI taught an entire generation that ...