Business Today

For someone who leads the country’s largest pharmaceuticals company, 67-year-old Dilip Shanghvi is painfully low profile. But despite the reluctance to be in the public eye, the reclusive billionaire, who features among the Top 10 richest people in I

http://www.businesstoday.in Chairman & Editor-in-Chief: Aroon Purie Vice Chairperson: Kalli Purie Group Chief Executive Officer: Dinesh Bhatia Executive Director: Rahul Kanwal Chief Revenue Officer: Alok Nair Editor: Sourav Majumdar Group Creative Ed

FY23 $128.55 BILLION FY22 $119.5 BILLION FY21 $80.51 BILLION The US was India’s biggest trading partner in FY23, overtaking China. India has a $28-billion surplus with the US. SOURCE Ministry of Commerce, Govt. of India (Provisional) ■

Joint production of F-414 fighter jet engines by GE and HAL; proposed procurement of MQ-9B SeaGuardian UAVs; ship repairs Semiconductors; critical energy minerals; advanced telecom; space exploration; quantum computing; AI and cutting-edge research i

▸ Micron’s revenues in 2022. It is among the Top 5 semiconductor manufacturers, and has the right financial, business and operational resources to execute the Gujarat project ▸ The investment expected in the assembly and packaging plant to be set up

1 Sun Pharma’s top line has grown at an annualised growth rate of 10.7 per cent between FY18 and FY23 2 Its revenues have jumped from ₹26,065.9 crore in FY18 to ₹43,278.9 crore in FY23 3 Its consolidated Ebitda margin has improved from 21.2 per cent

INNOVATION AND TECHNOLOGY-LED STRATEGY GOOD GROWTH IN INDIA BUSINESS GROWTH IN CORE GEOGRAPHIES WITHIN EMERGING MARKETS INCREASED CONTRIBUTION FROM SPECIALTY BUSINESS FOCUS ON COST AND OPERATIONAL EFFICIENCIES SOURCE BT RESEARCH ■

Undergoing Phase 3 clinical trials for psoriatic arthritis; a regulatory approval would likely expand the addressable market for the drug Currently unnamed, this drug is in Phase 2 clinical trials as a potential oral treatment for skin disease Comple

1 SEQUOIA RECENTLY SAID IT WAS SPLITTING ITS BUSINESS INTO THREE ENTITIES: US AND EUROPE, CHINA, AND INDIA & SOUTHEAST ASIA 2 THE INDIA AND SOUTHEAST ASIA ENTITY HAS BEEN REBRANDED AS PEAK XV PARTNERS. ITS LEADERS SAY THEY WILL FOCUS MORE ON CROSS-BO

Portfolio companies 400+ Cross-border companies 100 Total funds raised $9.2 BILLION Total funds invested $6.7 BILLION Exits/realised proceeds $4.5 BILLION Current dry powder ~$2.5 BILLION Firms with $50 million+ revenue ~60 Firms with $100 million re

Please can you share a brief history about Swiss Re GBS India? How does it help in achieving Swiss Re’s overall business objectives? For over 160 years, Swiss Re has been committed to driving resilience for the world. We started our journey in India

▸ Ashok Leyland’s commercial vehicle sales in India shot up more than 54 per cent in FY23 ▸ The company’s consolidated net income has moved into positive territory after two fiscals of losses ▸ Its AVTR range of modular trucks has given it good volum

The interim order from Sebi charges Subhash Chandra and his son Punit Goenka with misusing their board positions at Zee Entertainment Enterprises Money is said to have moved from Zee to private entities owned by Chandra and Goenka Zee and Sony Pictur

IDBI opposes Zee-Sony merger at NCLT NCLT admits bankruptcy proceedings against Zee; NCLAT puts a stay on bankruptcy proceedings Zee agrees to settle dispute with IndusInd Bank over dues Invesco exits Zee by selling its balance 5.11 per cent stake NC

INDIA IS THE THIRD largest start-up ecosystem in the world with more than 90,000 such firms, and over 100 unicorns. To “build a strong ecosystem for nurturing innovation and [start-ups]”, the Indian government launched the Startup India programme in

Augusta National is the Mecca for golf lovers. Host to the annual Masters Tournament, it is arguably one of the most famous courses in the world. However, it is strictly members-only, so the only way you can play there is if you become a member or ac