Terms of Use
Last updated: August 2026
These terms cover your use of this site and the research published on it. Using the site means accepting them. Engagements are governed by their own written scope, which takes precedence over this page where the two differ.
Copyright
All content on this site, including the research papers, charts, written notes and the Kakde Research name and mark, is the property of Kakde Research and is protected by copyright.
What you may do
You may read, download and circulate published papers within your own organisation, provided they are not altered and the attribution stays intact. Short quotations are welcome where Kakde Research is credited and, where the material appears online, linked.
What you may not do
- Republish, resell or redistribute the research outside your organisation without written permission.
- Present the analysis as your own work, or strip out attribution.
- Use the research or the site to train or fine-tune a machine-learning model without written permission.
- Attempt to scrape the site at a scale that interferes with its operation.
Permission for anything on this list is often given. Ask first.
No reliance for investment decisions
The research is general information and analysis, not investment advice or a personal recommendation. See the disclaimer for the full position. Any decision you take after reading it remains your own.
Liability
The site and its content are provided as they stand. To the extent the law allows, Kakde Research is not liable for indirect or consequential loss, or for loss of profit, arising from use of the site or reliance on the research. Nothing here limits liability that cannot lawfully be limited, including liability for fraud.
Governing law
These terms are governed by the laws of India, and the courts of Pune, Maharashtra have jurisdiction over any dispute arising from them.
Questions about these terms can go to inquiries@kakderesearch.com.