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Chris Kay

Mumbai Correspondent

Chris Kay is the FT's Mumbai correspondent covering business and finance across India. Before joining the FT in 2024, he worked for thirteen years at Bloomberg News in India, Pakistan, Nigeria and the UK.
Email Chris Kay @christopherkay  on Twitter (link opens in a new browser window)
  • Wednesday, 18 September, 2024
    FT Globetrotter
    The FT foreign correspondents’ guide to business dining around the world

    The top tables for breaking bread and sealing deals in great global cities

    2 hours ago
    A group of business men in suits sitting around a restaurant table chatting.
  • Tuesday, 17 September, 2024
    Revolut Ltd
    Revolut prepares for India launch next year

    Fintech has not previously offered app or currency cards in country despite having 4,000 staff present

    A street vendor looks at his mobile phone in Bengaluru, India
  • Monday, 16 September, 2024
    Indian business & finance
    India’s top shadow bank lists housing finance arm in blockbuster $782mn IPO

    Shares of Bajaj Housing Finance shot up by as much as 130% on trading debut

    Sanjiv Bajaj speaks into a microphone while seated on stage
  • Monday, 16 September, 2024
    InterviewNatarajan Chandrasekaran
    Tata chair on ‘painful’ transitions: ‘We have to do this’

    Natarajan Chandrasekaran says the $365bn Indian group is undergoing multiple changes to prepare for the future

    Natarajan Chandrasekaran
  • Friday, 13 September, 2024
    Ford Motor Co
    Ford to restart India car production 3 years after quitting

    US automaker plans to use mothballed Tamil Nadu plant to build vehicles for export

    A sign for the ‘Ganges Ford’ showroom in the Indian city of Kolkata
  • Wednesday, 11 September, 2024
    Inside BusinessIndian business & finance
    Pressures mount in India’s delivery market for anything, anytime

    Reliance and Google-backed Dunzo reported to have cut staff as competition intensifies

    A Dunzo delivery driver waits with an order near a closed gate on the outskirts of New Delhi
  • Tuesday, 10 September, 2024
    Adani Group
    Kenyan court suspends Adani deal to run Nairobi airport

    Legal challenge is latest blow to Indian conglomerate’s efforts to expand overseas presence

    Members of the Kenya Aviation Workers Union protest outside Jomo Kenyatta International Airport. One protester holds a sign reading "WE REJECT ADANI" during the demonstration against the proposed sale of the airport to Adani Airport Holdings.
  • Thursday, 29 August, 2024
    Asia-Pacific equities
    Foreign investors pull out of frothy Indian equity market

    Year-to-date inflows of $2.6bn are below the $22bn recorded in 2023

    A screen in Mumbai showing stock numbers
  • Wednesday, 28 August, 2024
    Indian business & finance
    Indian watchdog approves $8.5bn Disney-Reliance entertainment merger

    Green light comes after companies agree to close some regional TV channels and not dramatically raise ad rates

    Kolkata Knight Riders’ Harshit Rana bowls during the Indian Premier League Twenty20 final cricket match between Sunrisers Hyderabad and Kolkata Knight Riders at the MA Chidambaram Stadium in Chennai on May 26, 2024
  • Thursday, 22 August, 2024
    Global trade
    Labour disputes threaten ‘earthquake’ disruption in US supply chains

    Industrial action at Canadian railways and Indian ports risks compounding trade problems ahead of Christmas season

    Railway cars are densely packed at the CN Rail freight depot in Hamilton, Ontario, Canada. Two red CN locomotives are visible in the foreground, surrounded by numerous black tanker cars and other freight cars. Trees and greenery are visible in the background
  • Sunday, 18 August, 2024
    Tata Sons
    Tata shows interest in India’s ageing state power distributors

    Conglomerate’s energy arm anticipates sell-offs will follow reforms to tackle the country’s unreliable electricity supply

    Smoke rises from a chimney as electricity pylons stand at the Tata Power Trombay Thermal Power Station in Mumbai
  • Friday, 16 August, 2024
    News in-depthTelecoms
    Sunil Bharti Mittal, Indian telecoms tycoon turning the tables on BT

    Company that drew investment from UK group in the 1990s is now becoming its biggest shareholder

    Sunil Bharti Mittal
  • Wednesday, 14 August, 2024
    Behind the Money podcast21 min listen
    Is there a bubble waiting to burst in India?

    Investors could be in for a rude awakening

  • Monday, 12 August, 2024
    News in-depthTelecoms
    Why Indian billionaire Sunil Bharti Mittal reconnected with BT

    UK telco used to own 21% of Bharti’s group. The roles are now reversed

    A montage of the BT logo and euro notes with photos of Patrick Drahi and Sunil Bharti Mittal
  • Monday, 12 August, 2024
    BT Group Plc
    Indian billionaire to buy 24.5% BT stake from Altice

    Sunil Bharti Mittal’s conglomerate says it has no plans to make an offer for the UK telecoms group

    Sunil Bharti Mittal raises his right hand while speaking
  • Sunday, 11 August, 2024
    Indian business & finance
    Chair of Indian regulator invested in funds linked to Adani, alleges Hindenburg Research

    Madhabi Buch and her husband deny claims she is biased and say their finances are an ‘open book’

    Logo of the Securities and Exchange Board of India
  • Friday, 9 August, 2024
    Indian business & finance
    India’s e-scooter maker Ola Electric surges on market debut

    Start-up receives strong fund backing in country’s biggest IPO so far this year

    Bhavish Aggarwal and Rajalakshmi Aggarwal ringing the ceremonial bell
  • Wednesday, 7 August, 2024
    Currencies
    India’s central bank warns lenders not to add to bets against rupee

    Request comes after global market turmoil pushes currency to record low against the dollar

    Indian Rs20 notes
  • Wednesday, 7 August, 2024
    News in-depthParis Olympics
    India’s Ambani family leads charge for Olympic glory 

    Nita Ambani embarks on publicity blitz in Paris and brands herself as face of country’s medal campaign

    Nita Ambani greets Indian shooter and bronze medallist Sarabjot Singh at India House in Paris
  • Wednesday, 7 August, 2024
    The Big Read
    Can India’s economy thrive without China’s help?

    The country’s restrictions on technology and people from its rival risk stifling its ambitions to become a manufacturing superpower

  • Monday, 5 August, 2024
    Indian business & finance
    Adani power transmission arm raises $1bn in equity placement

    Share sale by Adani Energy Solutions is first for Indian conglomerate since fraud allegations in 2023

    The Mundra Thermal Power Plant of Adani Power in Mundra, Gujarat, India
  • Wednesday, 31 July, 2024
    Infosys Ltd
    Indian IT outsourcer Infosys hit with $4bn tax demand

    Leading tech services provider is latest corporate champion to be handed surprise bill by revenue collectors

    People walk in front of a glass fronted building at the Infosys HQ in Bengaluru
  • Wednesday, 31 July, 2024
    Pakistan
    Pakistan’s banks enjoy soaring profits on interest from mounting government debt

    Analysts say downside is there is little left to lend to private sector

    Women walk past the State Bank of Pakistan in Karachi
  • Tuesday, 30 July, 2024
    InterviewIndian politics & policy
    India expands airport facial recognition amid surveillance fears

    Digital initiative chief claims technology can halve queueing times and pledges transparency on personal data

    A passenger uses a facial recognition counter at the Rajiv Gandhi International Airport in Hyderabad in 2019
  • Monday, 29 July, 2024
    Inside BusinessIndian business & finance
    Citi feels the heat over India’s job numbers

    Reaction to forecasts by the bank point to the political sensitivity of research in the country

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