14 April 2024

Business Today

For Managing Tomorrow

Business Today2 min read
Rebooting Tech Mahindra
The change of guard at the top at Mahindra group IT services company Tech Mahindra is significant in more ways than one. It gives TechM an opportunity to chart out a fresh course of action and a new strategy for growth. The company does need more tha
Business Today1 min read
Business Today
Chairman & Editor-in-Chief: Aroon Purie Vice Chairperson & Executive Editor-in-Chief: Kalli Purie Group Chief Executive Officer: Dinesh Bhatia Executive Director: Rahul Kanwal Chief Operating Officer: Alok Nair Editor: Sourav Majumdar Group Creative
Business Today1 min read
Power Dynamics
Air conditioner units outside a building in New Delhi SOURCE: MINISTRY OF POWER, PIB, CMIE ECONOMIC OUTLOOK, MEDIA REPORTS The rise in power demand in the past two to three years; demand will keep growing, per the government The expected electricity
Business Today4 min read
The Smoke Clears
BRITISH AMERICAN TOBACCO P.L.C. (BAT), the London-based tobacco giant, has reduced its stake in Kolkata-headquartered diversified conglomerate ITC Ltd by selling some 436.85 million shares on March 13. The block trade of shares, comprising approximat
Business Today1 min read
The Story So Far
▸ British American Tobacco’s sale of 3.5% stake in ITC has helped the London-based group raise ₹16,690 crore in net proceeds ▸ Despite the reduction in stake, BAT intends to retain influence in ITC as the largest stakeholder ▸ BAT’s stake sale in ITC
Business Today4 min read
Tightening the Screws
THE BSE AND the National Stock Exchange (NSE)—two stock exchanges of the country—launched their respective dedicated segments for listing small and medium enterprises, or SMEs, in 2012. Now, 12 years later, the segment—that has much more lenient list
Business Today2 min readInternational Relations
A New Lease
SIXTEEN YEARS AND as many as 21 rounds of negotiations—that is what it took India and the four-nation European bloc of Iceland, Switzerland, Norway, and Liechtenstein to sign the Trade and Economic Partnership Agreement (TEPA) on March 10. Through th
Business Today2 min read
RBI Cracks the Whip
THE SCRUTINY OF fintech giants like Paytm and non-banking financial companies (NBFCs) such as JM Financial and IIFL by the Reserve Bank of India (RBI) points to various compliance issues, regulatory weaknesses, and governance concerns that plague the
Business Today2 min read
Cold Decisions
HINDUSTAN UNILEVER LIMITED’S (HUL) tryst with the ice cream industry began in the early 1990s. In 1993, it bought the brand Dollops from then Cadbury India. That was soon followed by the acquisition of Kwality Wall’s from the Lamba family. Apart from
Business Today2 min read
Howz’ad
THE 2024 EDITION of the Indian Premier League (IPL) is the last time two media giants—Disney-owned Star India and Reliance Industries’ (RIL) Viacom18—are fighting it out as rivals for a share of the advertising pie. After the announcement of the $8.5
Business Today2 min read
Doubling Down
AFTER MONTHS OF speculation, Chinese auto giant SAIC Motor and JSW Group formalised their joint venture (JV) agreement to create a new avatar for passenger car maker MG Motor India. The JV entity—JSW MG Motor India Pvt. Ltd—with its majority stake no
Business Today1 min read
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Business Today3 min read
UAVs, AMMUNITION AND MISSILES: ADANI DEFENCE & AEROSPACE’S BOLD MOVE IN INDIA’S DEFENCE SECTOR
As the world's fifth-largest economy, India's journey towards self-sufficiency is not just an economic ambition but a strategic move to uphold national sovereignty and security through indigenous strength. The recent paradigm shift towards indigeniza
Business Today7 min readIntelligence (AI) & Semantics
Writing The growth Code
IT IS WELL AFTER 9 PM, and Mohit Joshi has had a long day. His company, Tech Mahindra, has just declared its quarterly numbers, and he has a flight to Singapore the next day. Based in London, Joshi is described by his employer as a “road warrior” and
Business Today1 min read
At A Glance
Tech Mahindra was set up in 1986 and was then known as Mahindra British Telecom A big moment was the buyout of troubled Satyam in 2009 before the two companies merged in 2012 Barring TCS, none of the other IT players is a part of a diversified conglo
Business Today4 min read
“The Dramatic Reprioritisation Of AI Is Our Big Opportunity”
Mohit Joshi, IT services and solutions company Tech Mahindra is ambitious and wants to grab every opportunity that comes its way. Joshi, who has a bachelor’s in history from St. Stephen’s College, Delhi, and an MBA from Faculty of Management Studies,
Business Today9 min readFinance & Money Management
MSMEs IN A MAZE
“WHEN AN MSME goes to a bank for financing, it means that it is a patient and needs to be in the ICU. That is how banks should treat the business. Instead, they ask for several documents and take a long time to lend, if at all,” says Gaurav Kumar Jai
Business Today1 min read
Fight For Survival
MSMEs have seen an uneven recovery after the pandemic, with some sectors recovering and others still struggling Issues of financing, access to technology, and timely payments are amongst the biggest stumbling blocks External sector uncertainties and
Business Today7 min read
The Return Of Bse
SUNDARARAMAN Ramamurthy, who has a professional track record of four decades, has seen segments like banking and the securities market from close quarters. In that time, he has weathered many a storm and faced many a challenge. But it won’t be wrong
Business Today4 min read
“Derivatives Is Not A Luxury For Bse, It Is A Necessity”
For Sundararaman Ramamurthy, 61, who took over as the MD & CEO of BSE in January 2023, the challenges were clearly laid down. BSE was playing second fiddle to its much-younger rival NSE in almost all the important segments of the capital market and w
Business Today8 min read
‘‘We’ve Reached The Level Of Capex We Can Sustain For Some Time”
Union Finance Secretary T.V. Somanathan, a 1987-batch IAS officer from the Tamil Nadu cadre, is an expert policymaker with previous stints in the Prime Minister’s Office and as Director at the World Bank, Washington D.C. A PhD in Economics and a char
Business Today1 min read
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Business Today1 min read
From Challenges to Reinvention
▸ Fortis Healthcare encountered significant challenges stemming from financial difficulties and legal entanglements ▸ Public and patient trust eroded amidst controversies ▸ The acquisition by IHH Healthcare was a transformative move ▸ The new leaders
Business Today7 min readSmall Business & Entrepreneurs
The Roll-up Riddle
WHEN 10CLUB, ONE of India’s rising rollup stars, announced a pivot to single-brand play, the Bengaluru-based firm wasn’t just altering its own course but catching the pulse of global markets, offering a glimpse into what might be on the horizon for i
Business Today2 min readSmall Business & Entrepreneurs
Rolling stars
▸ There has been no significant VC funding in the past 18 months for roll-up start-ups ▸ Most start-ups have paused their acquisition activities Funding: $403 million Last equity round: November 2021 Key Investors: Winter Capital Partners, 9Unicorns,
Business Today5 min read
Tata’s Realty Check
WHEN TATA REALTY & INFRASTRUCTURE LTD (TRIL) was established in 2007, its primary focus was on commercial real estate. As a 100% subsidiary of Tata Sons, TRIL has undergone a remarkable evolution, emerging as the comprehensive real estate arm of the
Business Today6 min read
Striking Gold
GOLD HAS BEEN on a tear since the beginning of 2024. On March 21, it touched an all-time high of ₹66,943 ($2,224.80) per 10 gm. Considering this, investors may be forgiven for thinking that it’s time to go big on gold. Why not make the most of this r
Business Today1 min read
What To Expect
1 GOLD SHINES IN 2024: Potential interest rate cuts and global uncertainties favour gold. It is expected to outperform stocks, bonds, and real estate 2 PRICE DRIVERS: The US Fed’s decisions on interest rates, inflation trends, global conflicts, and d
Business Today4 min read
It’s The Time To Tempeh!
Vegetarians rejoice. There’s a new kid on the block to take care of most of your protein requirements, and what’s more, there’s nothing fake about it! Tempeh, traditional to Indonesians and a part of their diet for centuries, has caught the imaginati
Business Today2 min read
Most Wanted Concepts
Over the years, we have had transparent keyboards, TVs, and even phones. But nothing quite prepares you for a transparent display on a laptop. Lenovo’s latest concept sports a 17.3-inch MicroLED transparent screen with 1,000 nits of brightness and a
Business Today5 min read
Visionary Leaders
IT MAY SEEM difficult to think about the long term at a time when disruptions appear to be the norm. First there was the pandemic that brought business to a screeching halt, and then the impact of two wars that hit supply chains and pushed prices up.
Business Today1 min read
“Be In Haste But Not In A Hurry”
What was the problem you were grappling with? I found it really challenging to handle the company’s growing scale. With the increasing complexity of operations, I felt overwhelmed trying to navigate through the uncertainties. The downturn in 2022 exa

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