Market regulator SEBI sets sights on the booming PE, VC funding of startups. From valuation methodology to the valuation ‘manager’ SEBI is seeking answers from the hottest ecosystem that is now facing a funding winter. Host Arijit Barman talks to Sugata Ghosh, Associate Editor The Economic Times, Pratibha Jain, Head of Strategy and Group General Counsel at Everstone Group and Tushar Aggarwal, Founder and CEO at Stashfin.
Credits: WION, MoneyControl, NDTV, CNBC-TV18, Business Today, ET NOW

Market regulator SEBI sets sights on the booming PE, VC funding of startups. From valuation methodology to the valuation ‘manager’ SEBI is seeking answers from the hottest ecosystem that is now facing a funding winter. Host Arijit Barman talks to Sugata Ghosh, Associate Editor The Economic Times, Pratibha Jain, Head of Strategy and Group General Counsel at Everstone Group and Tushar Aggarwal, Founder and CEO at Stashfin. Credits: WION, MoneyControl, NDTV, CNBC-TV18, Business Today, ET NOW

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and industry leaders in this thrice-weekly (Tuesday, Thursday, Friday) podcast.

The Morning Brief

SEBI's Brush with Upstart Valuations

Welcome and premise

Chai seller crackdown

Street food paradox

Scale of the economy

Real hygiene risks

Rules vs reality

Public space dilemma

Lessons from Singapore

Will vendors vanish

Vendors in survival mode

Closing Credits

Every morning in Mahim, Vijay Raut sold cutting chai to taxi drivers, construction workers and bank staff, until the BMC's pavement drive took away his stall. Now he serves from a flask. He's not alone: across Mumbai, Bengaluru and Thiruvananthapuram, street vendors are caught between clean-city drives and a system that never gave them secure space. In this episode, we look at India's Rs 8,000 crore-a-day street food economy, the real hygiene risks, why regulation without infrastructure backfires, and what Singapore's hawker centres might teach us about keeping street food safe and visible. Lijee Philip and Nirmal John report, Anirban Chowdhury narrates for audio

Every morning in Mahim, Vijay Raut sold cutting chai to taxi drivers, construction workers and bank staff, until the BMC's pavement drive took away his stall. Now he serves from a flask. He's not alone: across Mumbai, Bengaluru and Thiruvananthapuram, street vendors are caught between clean-city drives and a system that never gave them secure space. In this episode, we look at India's Rs 8,000 crore-a-day street food economy, the real hygiene risks, why regulation without infrastructure backfires, and what Singapore's hawker centres might teach us about keeping street food safe and visible. Lijee Philip and Nirmal John report, Anirban Chowdhury narrates for audio

The Vanishing Footpath Economy

JSW Partnership Bombshell

JV Structure And Control

Brands In Scope

JSW Alliances Overlap Risk

VW Pressure And Timing

The Big Industry Questions

Why Both Sides Want It

Deal Details And Tax Overhang

JSW Auto Strategy And EV Pipeline

Challenges Control And Wrap

 Volkswagen is one of the world’s largest carmakers, yet has less than 2% of India’s passenger vehicle market. Its proposed partnership with JSW could mark a striking reversal: JSW may own 51% of the venture, leaving the German giant as the junior partner. Anirban Chowdhury speaks to ET’s Arijit Barman and Shally Seth Mohile about what each side gains, why JSW wants European technology alongside its Chinese partnerships, and whether the deal can accelerate Volkswagen’s painfully slow India journey. They also examine JSW’s audacious automotive ambitions—and the risk that its three ventures could eventually compete with one another.
Listen in

You can follow Anirban Chowdhury on his social media: X and Linkedin

Check out other interesting episodes like - Cognizant’s Surya Gummadi on How AI Can Deliver Returns, The Future of Insurance in India | Sarbvir Singh of PB Fintech, Groww’s ₹6,600 Cr Leap - Fintech’s Big Market Test Begins , OML CEO on the Creator Economy’s Next Wave & much more.



Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.

&nbsp;Volkswagen is one of the world&rsquo;s largest carmakers, yet has less than 2% of India&rsquo;s passenger vehicle market. Its proposed partnership with JSW could mark a striking reversal: JSW may own 51% of the venture, leaving the German giant as the junior partner. Anirban Chowdhury speaks to ET&rsquo;s Arijit Barman and Shally Seth Mohile about what each side gains, why JSW wants European technology alongside its Chinese partnerships, and whether the deal can accelerate Volkswagen&rsquo;s painfully slow India journey. They also examine JSW&rsquo;s audacious automotive ambitions&mdash;and the risk that its three ventures could eventually compete with one another. Listen in You can follow Anirban Chowdhury on his social media:<a href="https://twitter.com/AnirbanET"> X</a> and<a href="https://www.linkedin.com/in/anirban-chowdhury-b5067219/"> Linkedin </a>Check out other interesting episodes like - <a href="https://podcasts.apple.com/in/podcast/cognizants-surya-gummadi-on-how-ai-can-deliver-returns/id1827451035?i=1000779596143">Cognizant&rsquo;s Surya Gummadi on How AI Can Deliver Returns</a>, <a href="https://podcasts.apple.com/in/podcast/the-future-of-insurance-in-india-sarbvir-singh-of-pb-fintech/id1827451035?i=1000777479937">The Future of Insurance in India | Sarbvir Singh of PB Fintech</a>, <a href="https://podcasts.apple.com/us/podcast/growws-%E2%82%B96-600-cr-leap-fintechs-big-market-test-begins/id1568661777?i=1000735482598">Groww&rsquo;s ₹6,600 Cr Leap - Fintech&rsquo;s Big Market Test Begins</a> , <a href="https://podcasts.apple.com/us/podcast/oml-ceo-on-the-creator-economys-next-wave/id1568661777?i=1000734328149">OML CEO on the Creator Economy&rsquo;s Next Wave</a> &amp; much more. 
Catch the latest episode of &lsquo;The Morning Brief&rsquo; on <a href="https://economictimes.indiatimes.com/podcast?from=mdr">The Economic Times Online</a>,<a href="https://open.spotify.com/show/6PL5kfPbwURBEu6fHCVTOL?si=26ec0fbfa7134fea"> Spotify</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">Apple Podcasts</a>, <a href="https://www.jiosaavn.com/shows/the-morning-brief/1/GNPiFQD2xpY_">JioSaavn</a>, <a href="https://music.amazon.in/podcasts/f378141f-9afb-495d-83da-9b08ec5047ac/the-morning-brief">Amazon Music</a> and <a href="https://www.youtube.com/@theetpodcasts">Youtube</a>.

Why Volkswagen Needs JSW

UPI MDR Explained

Who Really Pays

Meet Professor Das

Public Infrastructure Argument

Hidden Costs for Consumers

Cross Subsidy Breakdown

E- Commerce and Cards

Kirana Stores Impact

Policy Trade Offs Ahead

Closing Takeaways

UPI is no longer entirely free. From October 15, merchant payments above ₹2,000 will attract a 0.4% MDR, while smaller transactions and person-to-person transfers remain exempt. But if merchants cannot surcharge customers directly, where does that cost go? IIT Bombay’s Professor Ashish Das tells The Morning Brief why businesses may quietly fold it into prices, forcing small-ticket shoppers to subsidise larger purchases. He also explains why online platforms are different, whether high-value payments could drift back to cash, and the policy question: should UPI be treated as commercial infrastructure—or as a public good funded by the government?

UPI is no longer entirely free. From October 15, merchant payments above ₹2,000 will attract a 0.4% MDR, while smaller transactions and person-to-person transfers remain exempt. But if merchants cannot surcharge customers directly, where does that cost go? IIT Bombay&rsquo;s Professor Ashish Das tells The Morning Brief why businesses may quietly fold it into prices, forcing small-ticket shoppers to subsidise larger purchases. He also explains why online platforms are different, whether high-value payments could drift back to cash, and the policy question: should UPI be treated as commercial infrastructure&mdash;or as a public good funded by the government?

UPI MDR Is Back: The Hidden Cost to You

SEBI's Brush with Upstart Valuations

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