A 2005 deal could cost India big today | The Daily Brief #243

Description:

In today's episode of The Daily Brief, we cover two major stories shaping the Indian economy and global markets. First, a cancelled satellite deal from 2005 between ISRO’s Antrix and Devas Multimedia has escalated into a $1.5 billion legal battle, putting Indian government assets abroad at risk of seizure following a U.S. Supreme Court ruling. Second, India has quietly become a shrimp export giant, with coastal aquaculture and companies like Avanti Feeds and Apex Frozen Foods driving growth, adapting to tariff pressures and disease risks, and reporting strong Q4 FY25 results. Timestamps: 00:00 Intro, 00:46 $1.5 Billion Satellite Dispute Heats Up, 10:21 Understanding India’s shrimp industry, 20:40 Tidbits.