Shah Saab

Failing everyday to succeed one day.

[Rishi Bagree @rishibagree]

This Indian founder said it best: we have the storytellers, we have the ideas. 🔥
America had Hollywood.

Korea had K-dramas. Japan had anime.
India is the oldest storytelling civilisation on earth, with more languages, myths and heroes than anyone.

Our moment is here.

The world won't just watch Indian stories. The world will come to India to tell its own.

Bharat is rising. 🇮🇳

[First Global @firstglobalsec]

📄 Read the full report here: https://t.co/XToNv5BPQs

[Abhishek Kothari 🇮🇳 @kothariabhishek]

Analyst write up:

Banks business updates so far

In the right hand part of the table, we have compiled the domestic loan growth or ex FCTL loan growth, as available by bank. This adjusts for the optical bump up in loans because of loans given against FCNR deposits, which is not really NII accretive

On the left hand side, we have compiled TOTAL deposit growth (incl FCNR deposits)

[MOI Global @manualofideas]

Our initiation report: https://t.co/eRurTY7EYa

[Venkatesh @SuccessProject_]

List of 250+ listed companies from Tamil Nadu

https://t.co/XcE2pAwbDN

https://t.co/6s8VK8pjux

[Abhishek Kothari 🇮🇳 @kothariabhishek]

> *Anand Rathi Research | Banking Sector Thematic*

*As Good as It Gets*

*Credit is growing* at its fastest pace in over a decade, *margins appear to have bottomed,* and *asset quality remains near its best levels* . Yet the sector continues to trade below its long-term average multiples. We examine why the cycle has further to run, and the key risks we are watching closely.

*1. Credit growth is sustainable*
System credit at *18–20% y/y (~20.1% in Aug-26)* , with term loans still contributing more incremental credit than WC. Industrial credit up from ~5.5% to ~18.2% y/y; industrial credit-to-GDP recovering from a decade low (~53% vs ~79% at FY04–14 peak). *Deposit growth catching up at ~17.3% y/y,* aided by FCNR(B) inflows.

*2. PSB growth can sustain*
*PSBs outgrew private banks for the 8th straight quarter (18.4% y/y,* ~159bps lead). PSB retail growth ~17.7% vs single digits at HDFC Bank and Axis. PSB LDR ~81% vs ~91% for private banks; SBI domestic LDR just ~74%. Retail deposit growth gap vs private banks narrowed from ~1,080bps to ~105bps since Q1FY25.

*3. Bancassurance impact overstated*
IRDAI commission cap looks alarming vs PBT, but *RoA is the right lens* . Net of costs, bancassurance adds only ~4bps to RoA, *~2.2% of sector PBT (Pvt ~3.7%; PSBs ~1.0%).*

*4. ECL – much ado about nothing*
Banks already carry provisions similar to or higher than NBFCs, with better-quality borrowers. Transition absorbable within existing buffers for most banks. Key swing factors: Stage-2 sizing and LGD calibration.

*5. Margins at a cyclical bottom*
System *NIM stable at ~3.2%* in Q1FY27; yields on advances rose for the first time in several quarters. *Marginal deposit rates down ~88bps vs ~54bps* on the outstanding book – more room for CoF to ease. *Probability of a repo-rate hike rising.*

*6. Asset quality benign; PSBs best placed*
Gross slippage ~0.99%, GNPA ~1.7%, credit cost ~48bps. *PSBs lowest slippage at ~0.72%* , with near-zero net slippage.

*7. Two risks we are watching closely: white-collar jobs and rainfall*
• _White-collar:_ *Hiring* at top-100 companies has stalled, with *headcount flat* in FY26; top-20 IT headcount flat since CY23; Job Speak index and NASSCOM data point to softer hiring. A risk to salaried retail books.
• _Rainfall:_ *Monsoon ~15% below LPA* ; South Peninsula and East & NE each ~26% deficient; 17 subdivisions (~47% of area) deficient. Reservoirs ~21% lower y/y (~33% below normal in the South) – rabi at risk, with potential KCC/crop-loan, MFI and MSME slippages in H2FY27.
_Rainfall is likely a one-season hit; the white-collar slowdown could prove more persistent._

*8. Valuations below 5/10-year averages*
*Sector at ~1.6x P/BV and ~12.2x P/E, ~5% below 5- and 10-year averages, despite RoA of 1.3% (above its 10-year average)* and GNPA of 1.8%. *Private banks ~18% below their 10-year average P/BV.* PSB discount to private banks narrowed from ~75% to ~42% – _we expect it to narrow further._

*Top Picks:* SBI, ICICI, Axis, Indian, BoB, UBI, KVB, CUB, DCB and J&K Bank.

[Saurabh Pandey @saurabheloelo]

Big day 🔥

🚀 Introducing Dolphin AI - an agentic AI studio for complete video production.

The story of Dolphin is very interesting.

It didn’t start as a product. It started as an internal tool.

We started with one question:
Why does AI video still struggle the moment you ask it to remember what happened before?

The real problem was CONTEXT.

Characters change. Faces drift. Locations and props lose consistency.

So we started building video differently, around three ideas: better context, multi-shot generation and stitched workflows.

Before opening Dolphin AI to the world, 45k+ videos were created through it in our test phase

And we saw the impact firsthand:

→ Better CTR and CTI on ad creatives
→ Higher engagement and retention across micro-drama and micro-learning
→ Faster creative experimentation and iteration

We started operating at a very different scale:

Story TV : : 5,000+ dramas. From 100 dramas a month to 250+ now.

Master: 20,000+ micro learning series.

Ad creatives: From 15K to 100K+ every month.

That gave us conviction that the answer isn’t another model. It’s a better creative system.

For someone starting out, Dolphin has 120+ templates for UGC, social and other use cases.

For creative professionals, our Playground feature brings models, generation and editing into one workspace.

And for longer-form storytelling, World Lock carries characters, voices, wardrobes, props, locations and the visual world across shots.

The system remembers, so the creator can focus on creating.

But our ambition with Dolphin is much bigger than the product...

India is already one of the world’s largest consumers of content.

We believe AI can help us become one of its largest creators and exporters 🇮🇳

We have the storytellers. We have the ideas. AI can give that creativity production scale.

@trydolphinai is our bet on that future 🇮🇳🐬

We are live today at trydolphin(dot)ai for early access

Join the waitlist or DM me for an invite code.

Back to shipping 🚀

[Venkatesh @SuccessProject_]

INVESTING RESOURCE PAGES

Peter Lynch: https://t.co/KYRDOS350R

Rakesh Jhunjhunwala:
https://t.co/6Lt1bolf7d

Saurabh Mukherjea
https://t.co/ib7d9vg5I4

Guy Spier: https://t.co/o5Y8gjU9lY

Raamdeo Agrawal
https://t.co/Q4YqV1F7Wj

[concall.in @concall_in]

Day 4 of the Bharat Connect Conference, hosted by Arihant Capital.

75+ companies conducted concalls.

We’ve covered all of them — with full call recordings, transcripts and key takeaways.

Explore the complete coverage here:
https://t.co/Ksx9wNILUy

[abhishek @abhishec_s]

All Transcript Editions
https://t.co/jOuzHNcvNN

Latest
https://t.co/hGtyhvh0ar

Three Foundations Editions:

The Chief Problem
https://t.co/aZQZCYAIkl

Valuations Matter
https://t.co/XTgwVopyAB

Narratives Follow Prices
https://t.co/ZDlyEMvZ5j

[Kiran Rajput @_KiranRajput]

With extreme fear in stock market right now, it’s the perfect time to lock yourself in a room for an hour & listen to Chander Bhatia.
Bringing this back to your timeline because the lessons are timeless. In this session, he details his 100-bagger journey, past mistakes, and how to survive major drawdowns without panicking.
He breaks down the immense patience required to hold 100 bagger winners like KPR Mills & his framework for filtering out market noise.
A must-watch for anyone on the path to Financial Freedom!
Enjoy,

[Smart Sync Investment Advisory Services @SmartSyncServ]

The next leg of growth is rarely about revenue alone.

It comes from better capacity utilisation, stronger product mix, deeper distribution and improving operating leverage.

Our key takeaways from Bharat Connect Conference – Day 4, powered by Arihant Capital. 🧵👇

[Manish Singh @refsrc]

Blackstone went from zero exposure to Indian hospitals to about 40 in three years

[Smart Sync Investment Advisory Services @SmartSyncServ]

While the Nifty 50 grabs attention, the real alpha has been hiding in the Midcap, Smallcap & Microcap segments.

A deep dive into the last 2 years’ performance of their most critical constituents reveals where the smart money has been flowing.

[Smart Sync Investment Advisory Services @SmartSyncServ]

🧵 Bharat Connect Conference – Rising Stars 2026 | Day 2

We attended Arihant Capital’s Bharat Connect Conference – Rising Stars 2026 and interacted with management teams across a diverse set of companies.

Sharing our Day 2 takeaways, focusing on growth drivers, capacity expansion, margins and key monitorables.
🧵👇

[Smart Sync Investment Advisory Services @SmartSyncServ]

Day 3 at Bharat Connect 2026.

From Ayurveda and microfinance to robotics, smart metering and precision engineering — several companies are entering their next phase of growth.

Here are our key takeaways on growth, capacity, margins and execution. 🧵👇

[Shane Parrish @shaneparrish]

My second conversation with @BillAckman is unlike anything I expected.

0:00 Intro
0:53 The Night His Daughter Nearly Died
17:07 How He Holds it Together
23:17 How Bubbles Pull You In
23:49 Is Venture in a Bubble?
25:23 When Easy Money Runs Out
28:05 He Hated the Idea but Invested
30:05 Who Actually Profits from AI?
35:53 The Rules He Carved in Stone
39:15 The Trade He Won't Make Again
42:02 AI
46:14 Waiting for a Cheaper Market?
48:20 Netflix: Why He Changed His Mind
51:36 The Assets Nobody Wanted
53:22 What If You Owned a City?
01:00:02 Berkshire’s Most Overlooked Advantage
01:04:36 From Watch Buyer to Company Owner
01:09:42 How He Judges CEOs in an Hour
01:14:19 What’s Left to Achieve at 60?

Enjoy!

[Neil Borate @ActusDei]

ET interview 5 CIOs today. Here's a summary of where they stand.

[Manish Singh @refsrc]

India's proposed reset of insurance distribution costs resembles the one China introduced in 2023. JPM on how that played out in China:

[HindolSengupta @HindolSengupta]

Searching for God in India. For more than 5,000 years. In many names. In 4 minutes.

(Opus 5.5 is still incredible.)