Sayan Chakraborty

Bangalore

Business Reporter at Nikkei Asia

@NikkeiAsia business reporter in India; usual disclaimers

Articles

Indian billionaire Binny Bansal bets on consumer business in Asia

3 weeks ago | asia.nikkei.com | Sayan Chakraborty

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Elon Musk firms up India entry plans as trade talks make headway

1 month ago | asia.nikkei.com | Sayan Chakraborty

BENGALURU -- Elon Musk is speeding up the India entries of satellite internet service Starlink and electric carmaker Tesla now that the Donald Trump ally and New Delhi are finding ways around trade hurdles that earlier dissuaded the American billionaire. Analysts say Musk is likely to benefit from his growing clout in Washington as India and the U.S. negotiate a trade deal.
India's consumer loan growth slows as wage increases disappoint

1 month ago | asia.nikkei.com | Sayan Chakraborty

BENGALURU -- A growing number of Indians are tempering their aspirations and shunning debt-fueled lifestyle upgrades, as stunted wage growth, stubborn inflation and high interest rates begin to bite. Their caution spells trouble for India's banks, which are now staring at a sharp slowdown in consumer credit growth, which could crimp their profits.
Setbacks for Adani cast shadow on India's soft power

1 month ago | asia.nikkei.com | Sayan Chakraborty

BENGALURU/BANGKOK -- New Delhi's soft power diplomacy to counter China's growing clout is facing headwinds, experts say, as Indian conglomerate Adani Group recently suffered a series of setbacks in its global ambitions. Lower middle income countries like Kenya and Sri Lanka have snubbed the conglomerate's investment proposals running up to $3 billion since November, after the U.S. indicted Gautam Adani, billionaire and chairman of the group, and other group executives on bribery charges.
Indian stocks fall as sluggish middle-class spending hurts economy

2 months ago | asia.nikkei.com | Sayan Chakraborty

BENGALURU -- India's slowing economy is taking the shine off the country's stock markets after a monthslong bull run, erasing roughly $700 billion in market value from companies listed on the Bombay Stock Exchange versus the peak in September last year. Sluggish middle-class consumption is behind the slowdown.
Suzuki, Hyundai, VinFast to expand EVs in India as global market slows

Jan 22, 2025 | shorturl.at | Sayan Chakraborty

NEW DELHI -- Automakers are lining up new electric car models in India -- where stricter emission rules are slated to take effect in 2027 -- hoping that bigger batteries and swanky features will spark sales in the world's third largest auto market as EV sales slow down in other developed countries.
Automakers target India's premium car buyers in slowing home market

Jan 17, 2025 | asia.nikkei.com | Sayan Chakraborty

NEW DELHI -- Carmakers are rolling out pricier models to win over affluent Indians, as they look to buffer their revenue against an economic slowdown that analysts warn could weigh on growth in the world's third-biggest auto market. This shift toward more expensive vehicles with state-of-the-art features such as advanced driver assistance systems, better safety tech and more powerful engines was on display at India's flagship auto exhibition, which kicked off in New Delhi on Friday.
Indian travelers rediscover Southeast Asia for leisure and remote work

Jan 6, 2025 | asia.nikkei.com | Sayan Chakraborty

BENGALURU/NEW DELHI -- For Yuvraj and Apoorva Malik, planning their wedding was hard work. But one thing the Indian newlyweds didn't argue about was where to go for their honeymoon. "It had to be a foreign vacation -- a place with a mix of luxury, leisure and parties, but one that doesn't burn a big hole in our pocket," said Yuvraj, a 32-year-old media professional in the southern Indian city of Bengaluru. "We couldn't think of a better place than Bali."
Chinese and Indian drugmakers prepare to cash in on Ozempic craze

Dec 6, 2024 | asia.nikkei.com | Cissy Zhou |Sayan Chakraborty

HONG KONG/BENGALURU -- Wang, a Chinese businessman living in Tokyo, has struggled with his weight for three decades. Four years ago, Wang, who would share only his family name, heard from friends in the U.S. about a "magic injection," a diabetes drug called Ozempic that some were taking to lose weight.
Gautam Adani's U.S. indictment shaves $26.5bn off group stocks

Nov 20, 2024 | asia.nikkei.com | Sayan Chakraborty

BENGALURU -- Companies under Indian conglomerate Adani Group lost as much as $26.5 billion in market value on Thursday, after a U.S. federal court indicted billionaire tycoon, Gautam Adani, accusing him of bribing Indian government officials in exchange for solar energy contracts. Shares in group companies fell sharply, with that of flagship company Adani Enterprises closing down 22.6% on the benchmark BSE.