7-Mar-21

Business Today

For Managing Tomorrow

Business Today1 min read
Business Today
http://www.businesstoday.in Editor-in-Chief: Aroon Purie Group Chief Executive Officer: Dinesh Bhatia Group Editorial Director: Raj Chengappa Chief Executive Officer: Manoj Sharma Editor: Rajeev Dubey Group Creative Editor: Nilanjan Das Group Photo E
Business Today1 min read
Government Expenditure Picks Up In Q3
↘ The pace of central government expenditure picked up in third quarter of FY21 with easing of lockdown restrictions. In fact, December saw a year-on-year jump of 50.2 per cent ↘ According to the Economic Survey, the expenditure grew 11 per cent from
Business Today1 min readInternational Relations
Forex Reserves at All-Time High
↘ India reported all-time high foreign currency reserves of $586.1 billion on January 8, 2021, due to robust FDI and FPI inflows ↘ Merchandise trade deficit in April-December was $57.5 billion compared with $125.9 billion in April-December 2019 ↘ Mea
Business Today1 min read
Corporates Raise Record Funds Via Bonds
↘ Companies raised ₹7.77 lakh crore via corporate bonds in CY2020. This was 10 per cent more than the ₹7.09 lakh crore raised in CY2019, despite 2020 being the pandemic year ↘ Government organisations and financial institutions raised 53 per cent of
Business Today1 min read
World Economy To Grow 5.5% In 2021
↘ The International Monetary Fund has forecast that the world economy will grow 5.5 per cent in CY2021 compared with 3.5 per cent contraction in CY2020 ↘ China is the only major economy that grew in CY2020. India’s gross domestic product (GDP) is pro
Business Today1 min read
Strong Rebound In IPO Activity
↘ Indian stock exchanges (BSE, NSE and SME platform) ranked ninth in the world in number of IPOs in 2020 ↘ The main markets, BSE and NSE, saw ten IPOs in Q4 2020 versus five in Q4 2019 and four in Q3 2020. ↘ The SME platform hosted nine IPOs in Q4 20
Business Today1 min read
Air Passenger Traffic to Dip 64.9% In FY21
↘ India’s air passenger traffic is expected to fall 64.9 per cent this financial year, according to Airports Authority of India (AAI) data ↘ Domestic traffic is expected to plunge 60 per cent while international air passenger traffic is likely to plu
Business Today2 min readTelecommunications
Prepping For Next 150 Years…
A common characteristic of some of the world’s oldest organisations is their uncanny ability to adapt & adopt, destruct & rebuild, terminate and transform — constantly. Take Finland’s 156-year-old Nokia which began as a paper mill in 1865, dabbled in
Business Today1 min read
Cigarettes Output To Fall In Fy21 Too
↘ Production of cigarettes is expected to dip 11.8 per cent in FY21 as consumers reduce discretionary expenses due to economic slowdown ↘ Around 77.6 billion sticks are expected to be produced during the year; it will be the eighth straight year of f
Business Today13 min read
Transforming TATA
Natarajan Chandrasekaran’s first major decision as Chairman, Tata Group, was rather symbolic of the changes in store. Three months after taking over on May 30, 2017, he asked architects to refurbish Bombay House, the iconic headquarters of the 152-ye
Business Today1 min read
The 10 Clusters
Tata Capital, Tata Asset Management, Tata AIA, Tata AIG Tata Consultancy Services, Tata Elxsi Tata Steel, Tata Steel BSL, Tata Steel Long Products Tata International, Tata Investment Corporation, Tata Industries Indian Hotels Company, Vistara, Air As
Business Today7 min readPolitics
Beating Mauritius
Cayman Islands is situated in Caribbean Sea, 480 miles southwest of Miami, USA. The three islands are spread over 101 square miles, have a population of 65,000 and gross domestic product (GDP) of $5.5 billion, slightly more than that of the Union Ter
Business Today8 min read
Debt Challenge
Eighty four years ago, the patriarch of Mumbai-headquartered Shapoorji Pallonji family and grandfather of 52-year-old Cyrus Mistry got a golden opportunity to buy 12.5 per cent stake in Tata Sons from F E Dinshaw Estate, a finance firm owned by F E D
Business Today1 min read
Deleveraging Strategy
Value unlocking through IPO or stake sale, especially in Eureka Forbes Sale of solar assets, both developed and under development Monetisation of annuitybased road assets Strategic sale in port business; Share pledging in group companies Use of RBI's
Business Today6 min read
REITs: The New Real(i)ty
Leading the way in 1960, the US Congress signed a legislation introducing Real Estate Investment Trusts (REITs) to bring the benefits of commercial estate to the common American, which were largely available to financial institutions and wealthy indi
Business Today3 min readMedical
India’s Mega Vaccination Drive
Even as India is ramping up its Covid-19 vaccination drive and every citizen above 50 years of age is expected to be eligible for vaccine administration in the coming months, overcoming supply chain hurdles remain the key to successful implementation
Business Today1 min readComputers
The User Club
Reliance Jio has deployed location intelligence to model and test the best sites to locate towers for optimum coverage Assam-based Numaligarh Refinery has created a paperless office solution for enhanced security and transparency in the procurement p
Business Today2 min read
Money Matters
I am a married woman and a single child. My father is no more. My mother is a homemaker and I need to provide for her. As of now, I give her cash for monthly expenses, which I will continue. I want to explore the reverse mortgage option so that she c
Business Today1 min read
Down Memory Lane
Tata Sons bought NTT DoCoMo’s stake in Tata Tele for $1.27 billion and settled the pending dispute Indian Hotels completed a rights issue of ₹1,500 crore Transferred the consumer mobile business of Tata Tele to Bharti Airtel free of cost Tata Sons cl
Business Today1 min read
Chandra's 10 Point Strategy
1. Tapping digital experts from group companies to build India’s first Super App 2. Tata Power to invest only in renewable energy or consumer facing businesses 3. Engineering capabilities pave way for Tata Electronics, Tata Medical and Diagnostics 4.
Business Today5 min readTechnology & Engineering
“Digital Everywhere’ Strategy Will Drive Every Tata Company”
Tata Group seems to be on the cusp of a transformation. What is it all about? When I started in 2017, I had said that brand, trust, standard and heritage are the biggest strengths of the group. And whenever you have a group which has such a large pre
Business Today1 min read
Narayanan’s Book Hub
If Suresh Narayanan, Chairman and MD, Nestle India, is asked about his most luxurious possession, his instant response will be books. His library at home has some of the finest books on leadership, purpose and technology, some of which have, in fact,
Business Today1 min read
What The Law Says
Indian competition law does not define monopoly ‘Dominant position’ is a position of strength, enjoyed by an enterprise, in the relevant market, in India This position enables a particular company to operate independently of competitive forces prevai
Business Today1 min read
Bhargava, The Violinist
Rohan Bhargava, Co-founder of cashback and coupons site CashKaro.com, wanted to play the violin from a very young age. But as he grew older, passion took a backseat. It was only when he read the book Atomic Habits by James Clear, which talks about ta
Business Today1 min readComputers
How Automation Helps…
Monitors front, back-office workflows more effectively Automates operations at scale; offers cost savings Helps businesses share processes across multiple platforms Creates unified data records Reduces time to market by bringing down turnaround time,
Business Today6 min readChemistry
“We Expect Double-digit Growth Over The Coming Years”
Since you assist numerous companies in manufacturing, do you see recovery in India post-Covid? Air Products is among the leading industrial gases companies globally. Our market capitalisation is around $60 billion. That makes us one of the bigger Ame
Business Today3 min read
“India Could Lose Out On One Of The Most Important Global Financial Rallies”
News of the government’s proposed ban on cryptocurrencies, in favour of a digital rupee, is doing the rounds. Your thoughts. I cannot comment directly on government policy, but based on our experience globally, a better way to address the issue would
Business Today1 min read
“Small Is Beautiful, But Big Is Necessary”
Q. What was the problem you were grappling with? A. It wasn’t a business challenge or problem per se. Bandhan’s mission, since it started in 2001, has been to create social impact at scale by helping unbanked and underbanked get access to formal cred
Business Today1 min read
Outdoor Play
Ritesh Chopra, NortonLifeLock’s Director for Sales and Field Marketing, India & SAARC Countries, loves outdoor sports. Way back in 2007, Chopra took part in the Eco Challenge in New Zealand along with his colleagues, to navigate through an unmarked w
Business Today5 min read
The Game Within
Gaming apps are not new to run-in with the legal system. Take the latest Kerala High Court notice to some celebrities for endorsing these apps, or a November 2020 Madras High Court notice to BCCI chief Saurav Ganguly and Indian cricket team captain V
Business Today6 min readIntelligence (AI) & Semantics
Streamlining Workflow
When Reliance Jio started building its 4G LTE wireless network, it had the option of using a standard map to decide things such as the customers it will reach out to and places where it will set up its towers. This manual process would have taken sev
Business Today1 min read
Petroleum Production Dips 13.5% In April-december
↘ Production of refinery/petro products fell 13.5 per cent in first nine months of FY21 as refineries processed 4.3 mb/d crude oil compared with 5.1 mb/d in first nine months of FY20 ↘ Cumulative capacity utilisation was around 85.6 per cent compared
Business Today8 min read
Tax-saving In The Eleventh Hour
With the current financial year nearing its close, it’s time to take stock of your tax-saving investments. In case you opt for the old tax regime, you can claim deductions of up to ₹1.5 lakh in a financial year under Section 80C. There are other sect
Business Today11 min read
Rise Of Oligopolistic Dominance
During the 26th meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), one of the MPC members — Jayant R. Varma, Professor, Finance and Accounting, IIM Ahmedabad — made an interesting observation, which many in government

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