1 October 2023

Business Today

For Managing Tomorrow

Business Today1 min read
Picture Perfect
DATA AS OF SEPTEMBER 11, 2023; SOURCE SACNILK.COM; ORMAX MEDIA, DHISHOOM CINEMAS, MEDIA REPORTS All-India gross box-office collections from 137 movies released so far this year, with more than 20 per cent earned since August that crossed the ₹500 cro
Business Today2 min read
Electric Identity
▶ AS TRADITIONAL CARMAKERS ramp up their electric vehicles play with a view to eventually replace diesel- and petrol-run vehicles, a new brand identity makes much more sense rather than having a mixed portfolio under the same old brand. With that in
Business Today2 min read
Ambani’s Next Big Bet
In 2016, Mukesh Ambani’s Jio stormed into the telecom space with a predatory pricing strategy and a network that changed the game for the sector and forced competitors to rush to the drawing board. India became known for low data prices, and other pl
Business Today2 min read
Woman Power To The Fore
▶ THE RAILWAY BOARD’S first woman Chairperson and CEO Jaya Varma Sinha loves challenges. Despite securing a good rank in the civil services examination, she chose to join the Indian Railway Traffic Service in 1988, a male bastion at the time and whic
Business Today2 min readSecurity
NAVIGATING INDUSTRY 4.0: RISKS AND OPPORTUNITIES IN THE AGE OF Al
Before the COVID-19 pandemic, Industry 4.0 was often associated with cost leadership and efficiency. However, post-pandemic, the narrative has shifted. Industry leaders now perceive Industry 4.0 as a means to enhance resiliency and flexibility. Digit
Business Today3 min read
Heirs Now Apparent
▶ MUKESH AMBANI, CHAIRMAN and Managing Director of Reliance Industries Limited (RIL), is finally moving towards effecting a succession plan for his diversified conglomerate. At the annual general meeting held recently, Ambani announced the appointmen
Business Today1 min read
Next In Line
1 Isha (left), Akash (middle) and Anant have been appointed to the board of the $119-billion diversified Reliance Industries Ltd as non-executive directors 2 According to experts, the company’s high degree of diversification bodes well for its succes
Business Today1 min read
The Altered Landscape
▶ IPL digital rights (2023-2027) ▶TV + digital rights of India bilateral matches across men’s and women’s T20I, ODI and Test matches (2023-2028) ▶ IPL TV rights (2023-2027) ▶ ICC digital rights (2024-2027) ▶ ICC TV rights (2024-2027) through ZEEL wit
Business Today1 min read
The Cricket Bill
IPL RIGHTS (2023-27): ₹48,390 crore (₹23,575 crore for TV + ₹23,758 crore for digital) ICC RIGHTS FOR MEN’S AND WOMEN’S GLOBAL EVENTS (2024-27): Around ₹25,000 crore (TV + digital) INDIA’S BILATERAL MATCHES ACROSS FORMATS (2023-2028): Estimated ₹5,96
Business Today11 min read
The Jio Financial blueprint
▶ IN 2004, JACK MA, the Co-founder of China’s Alibaba, an e-commerce business then just five years old and yet to become a world-beater, launched payments platform Alipay for its retail customers and merchants. In a decade, Alipay (later reborn as An
Business Today1 min read
The Ambani Strategy
Reliance has capitalised JFS with a net worth of ₹1.2 lakh crore to create one of the world’s highest capitalised financial services platforms at its inception Jio Financial’s digital-first architecture is expected to give it an edge in reaching mill
Business Today1 min read
To Be Or Not To Be
● War chest, AAA rating to allow it to get funds at a cheaper rate ● Management bandwidth, ability to attract top-notch talent ● Synergies with group companies, especially on the retail and telecom sides ● Ability to attract partners of repute from t
Business Today1 min read
The World Of Jfs
• Reliance Retail Finance • Reliance Retail Insurance Broking • Reliance Payment Solutions • Jio Information Aggregator Services • Reliance Industrial Investments and Holdings • Jio Payments Bank Ltd • Jio and BlackRock (mutual funds) • Jio Life Insu
Business Today1 min read
Wading Into Competition
› Jio is entering the highly competitive NBFC lending space, where Bajaj Finance is the leader › There is headroom for growth as NBFCs have a share of less than 20 per cent in the overall lending market ALL FIGURES IN ₹ CRORE; DATA AS OF MARCH 31, 20
Business Today1 min read
A Galaxy Of Opportunities
The number of stores that gives it a retail presence across 7,000-plus towns Number of mobile and fixed line subscribers Registered customer base at retail outlets Footfall across all its stores Merchant partnerships Artisans, weavers and micro entre
Business Today1 min read
The Mighty Middle
Note At 2020-21 prices; Destitutes: Annual income of less than ₹1.25 lakh; Aspirers: Annual income from above ₹1.25 lakh to ₹5 lakh; Middle Class: Annual income from above ₹5 lakh to ₹30 lakh; Rich: Annual income above ₹30 lakh; FY31 and FY47 are pro
Business Today1 min read
Ambani’s Brick By Brick Approach
Secures a payments bank licence from the Reserve Bank of India Reliance Jio joins hands with Microsoft to cover the digitisation needs of the MSMEs, suppliers, and dealers. Offers a relationship for lending Buys out Yellow Pages company Justdial in a
Business Today9 min read
“We Want A Poverty-free World On A Liveable Planet’’
One of the key thrusts of India’s G20 presidency has been the urgent need to reform multilateral development banks (MDBs). And the World Bank features prominently in the New Delhi Declaration. US President Joe Biden is putting in a lot of effort to e
Business Today3 min read
The Future Of Inclusive Development With DPGs
The use of fintech-powered services has exploded in Asia-Pacific, with China and India leading the way. In India, the Unified Payments Interface (UPI) is a key driver of this growth. UPI is a digital public infrastructure that allows people to send a
Business Today4 min read
“We’ve Not Suffered From The Global slowdown”
CHIEF ECONOMIC Adviser V. Anantha Nageswaran believes a simple recession or slow-down around the world, on balance, will not be a bad thing for India, which has till now remained largely unscathed by global economic developments. In an interview to B
Business Today8 min read
Growing Pains
THIS IS INDIA’S decade. Bullish about the country’s growth potential, a flurry of recent reports have said so; some have even called it India’s century. While the India growth story may be strong in the long term, the near-term picture is not so sunn
Business Today1 min read
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Business Today2 min read
Fostering a Future-Ready Skilled Workforce
In today’s rapidly evolving global landscape, where the dynamics of work, workers, and workplaces are constantly shifting, the role of human resources management has taken centre stage. SHRM, a global authority on all things work, has been at the for
Business Today5 min read
In The Slow Lane
DISINVESTMENT. THIS WORD has proved to be a challenge for successive governments. Divesting government equity in public sector enterprises (PSE) has proven to be quite volatile even for the BJP-led NDA government over the past nine years, despite a h
Business Today1 min read
Divestment Report Card
(Includes Air India, Neelachal Ispat, Dredging Corporation of India) (Includes BEML, Shipping Corporation of India, Rashtriya Ispat Nigam Ltd, IDBI Bank) (Includes various units of ITDC Ltd, Hindustan Antibiotics Limited) (Includes various units of I
Business Today4 min read
“Can’t Chase A Sacrosanct Number On Divestment”
TUHIN KANTA PANDEY, Secretary in the Department of Investment and Public Asset Management (Dipam), plays a key role in helping the exchequer raise revenue every year. But, in an interview to Business Today, he explains that the role of Dipam is not a
Business Today1 min read
The Long Slide In Fmcg Fortunes
INFLATION IN KEY COMMODITIES STARTS TO AFFECT MARKET LEADERS LIKE HUL, WHICH BEGINS RAISING PRICES AND COST OPTIMISATION RURAL DEMAND GROWS 4 PER CENT MORE THAN THE OVERALL FMCG MARKET, BUT SIGNS OF DISTRESS BEGIN TO APPEAR; URBAN LAGS SALES VOLUMES
Business Today10 min read
Thirsting For Dominance
THERE A MOMENT from her teens that is etched in Jayanti Chauhan’s memory. Accompanying her father, Ramesh Chauhan, often called the cola king, to the Evian mineral water bottling plant in France she was stunned by the sophistication. There were just
Business Today8 min read
Caution Ahead
THERE WAS A SENSE of euphoria among consumer goods makers at the end of 2020. Lockdowns to check the spread of Covid-19 had just been eased, unleashing a deluge of pent-up demand that consumers predominantly channelled towards goods because most serv
Business Today1 min read
The Story So Far
1 RAMESH CHAUHAN SOLD HIS SOFT DRINKS BUSINESS CONSISTING OF BRANDS LIKE THUMS UP, MAAZA AND LIMCA TO COCA-COLA IN 1993 FOR $60 MILLION 2 A FEW YEARS LATER, HE TURNED HIS ATTENTION TO BISLERI TO BUILD A MARKET AROUND PACKAGED DRINKING WATER 3 SUSTAIN
Business Today1 min read
A Brief history
Jayantilal Chauhan buys Bisleri Ltd, an Italian company, from Felice Bisleri Bisleri introduces the 20-litre pack for both home and office use Ramesh Chauhan sells soft drinks portfolio to Coca-Cola Bisleri launches 500-ml bottle at ₹5 Introduces tam
Business Today8 min read
Under The Finfluence
IT IS A TRUTH, almost universally acknowledged, that technological change is always a few steps ahead of regulations. The capital markets are no exception, which is why regulators the world over are a busy lot as they try to keep pace with the change
Business Today1 min read
A Lot At Stake
Many finfluencers fudge their trading record to attract more followers Influencers with a huge following can make a lot of money with every video Earnings can be through Google advertisements, collaborations, affiliate partnerships The higher the num
Business Today1 min readInvestments & Securities
Unregistered Advisors, Beware!
Sebi has passed nearly a dozen orders against unregistered investment advisors since November 2022 Sebi action included combination of market ban, monetary penalty, and refund of investor fee, among other things In May, Sebi barred P.R. Sundar, a fin
Business Today1 min readCrime & Violence
Sebi’s Line Of Thinking
1 Enforcement action against unregistered finfluencers will not suffice 2 Need to disrupt revenue model so that perverse incentives reduce 3 Sebi-registered intermediaries cannot engage with any unregistered finfluencers 4 Registered finfluencers sho
Business Today1 min readInvestments & Securities
What International Regulators are Doing
The International Organization of Securities Commissions (IOSCO) is holding discussions on unregistered finfluencers In December 2022, SEC charged eight influencers in a $100 million stock manipulation scheme The UK’s FCA has a mechanism for finfluen
Business Today10 min read
Where Are The Crypto Kings?
THE YEAR WAS 2021. Terms such as crypto, blockchain and NFT had captured the popular imagination. The value of Bitcoin, the most popular crypto asset, rocketed to a peak of almost $69,000 in November. Indians, too, couldn’t resist the charms of this
Business Today1 min readFinance & Money Management
Crypto Correction
Crypto trading has slumped, with Bitcoin losing over half the value it had in 2021 The decline in crypto trading volumes in India can in part be attributed to the imposition of heavy taxes on crypto Crypto exchange founders are pivoting for survival,
Business Today1 min read
Double Whammy
Among the stakeholders in the Indian crypto industry, retail investors have got the shortest end of the stick. On the one hand, they are subjected to high taxes, on the other, the lack of rules gives crypto exchanges and brokerages an upper hand. Bud
Business Today3 min read
Pure Indulgence
C’mon admit it. You have dreamt of a chocolate factory ever since you read Roald Dahl’s classic Charlie and the Chocolate Factory as a kid. After all, it’s quite impossible to resist the allure of all that chocolate. Well, dreams do come true. Head o
Business Today2 min read
A Peek Into The Future
Foldable smartphones are still considered niche. But Honor’s latest take on the foldable phone provides a glimpse into a fashionable future. Meet the Honor V Purse concept phone, a phone-to-purse device that mimics a handbag (only 9 mm when folded) w
Business Today2 min readLeadership
‘‘Don’t Shy Away From Challenges’’
What was the problem you were grappling with? Professionals confront several problems. A stage arrives when you feel you are at a crossroads. Taking on new initiatives beyond my core responsibilities was one such challenge. It required me to put in a
Business Today4 min read
Back in Vogue
▶ AFTER A PROLONGED period of underperformance starting in January 2022, the information technology (IT) sector is back in fashion among fund managers. Several asset management companies (AMCs), including Bandhan Mutual Fund, HDFC Mutual Fund, Axis M
Business Today1 min read
Business Today
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 Operating Officer: Alok Nair Editor: Sourav Majumdar Group Creative
Business Today2 min read
Winning Game
▶ WITH THE RECENT loss of broadcasting rights to India’s bilateral cricket matches, Disney Star has slowly made way for Viacom18 to become the home of Indian cricket. At one point, Disney Star had the rights to broadcast three major cricketing proper

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