South Asia Investor Review

Pakistan military is significantly outmanned and outgunned by Prime Minister Modi's massive war machine, which Indian Hindu Nationalist leadership continues to threaten to unleash against its neighbor to the west. Using the false pretext of "cross-border terrorism", it has already been used twice against Pakistan since Modi's election to the highest office in 2014. At the same time, the Modi government has stepped up it covert support of terrorist groups, including the TTP and the BLA, to attack Pakistan. In response, Pakistan is modernizing its conventional forces to deter the much larger enemy to the east. Key new capabilities include Pakistan's new conventional rocket force, a large number of self-propelled howitzers, an expanded  drone fleet , induction of the first of eight new Hangor Class stealthy  submarines , launching of 6 spy/communications satellites and deployment of a modern multi-layered air defense system.  Pakistan's Conventional Deterrence Ca...

India's Tata Group is going through a major boardroom crisis. Noel Tata, the Chairman of the Tata holding company, has been removed from the Tata Group's board by N. Chandrasekaran, chairman of Tata Sons. Noel Tata has declared the decision illegal, a stance the board disputes. The crisis has been precipitated by a 2022 decision by India’s central bank to order the company to seek a stock market listing for Tata Sons, to comply with new rules governing systemically important investment firms. Tata Sons is considered an investment firm because it holds stakes in Tata subsidiaries and can inject capital into them. Noel Tata, who heads the bloc of charities that owns two-thirds of Tata Sons, vehemently opposes a listing. Ratan and Noel Tata India's Tata Group is known for its deep philanthropic engagement in the country. Tata patriarch Jamsetji Tata, who laid the foundations of large-scale steel manufacturing in colonial-era India about a century ago, created trusts that would...