2-May-21

Business Today

For Managing Tomorrow

Business Today2 min read
Quest To Be The World’s Factory
The Production Linked Incentive (PLI) Scheme — India’s valiant answer to domestic and foreign manufacturers’ eternal gripe that producing in India was hopelessly unviable because of high taxes, high cost of logistics, finance, land, power and an endl
Business Today1 min read
Assam Grew Fastest Among Poll-Bound States
↘ Four states and one Union Territory are voting in March-April to elect new assemblies. Of these, Assam’s economy grew the fastest at 8.6 per cent a year during the four-year period to FY20. It was followed by Tamil Nadu (8 per cent), West Bengal (6
Business Today1 min read
Bank Credit Growth Dips In Spite of Recovery
Growth in outstanding non-food credit given by scheduled commercial banks (SCBs) fell from 8.5 per cent in January 2020 to 6.6 per cent in February 2021. This despite the economy coming out of the contraction phase in the third quarter of FY21
Business Today1 min read
Mutual Fund Aum Hits Record High
↘ Assets under management (AUMs) of the mutual fund industry rose 16.1 per cent (by ₹4.4 lakh crore) YoY to all-time high of ₹31.6 lakh crore in February 2021 ↘ Equity schemes had the largest number of folios at 68 per cent (6.59 crore). This was fol
Business Today1 min read
Business Today
Chairman & Editor-in-Chief: Aroon Purie Vice Chairperson: Kalli 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
Business Today1 min read
Net Sales Of Cv Makers Cross Pre-covid Levels
↘ Domestic net sales of commercial vehicle companies rose 26.5 per cent in the December quarter to cross pre-Covid levels. This despite sales either remaining lower or rising only marginally compared with the year-ago period ↘ In February 2021, thoug
Business Today1 min read
Employment Of Women Takes A Hit In February
↘ In February 2021, the all-India employment rate for women dipped below the February 2020 level of 8.6 per cent despite signs of economic recovery in the fourth quarter of FY21 ↘ It had dipped to an all-time low of 5.3 per cent during the peak of th
Business Today4 min read
Dead Cat Bounce?
As India is going through the second wave of Covid-19 infections, so are fears of uncertainty and gloom. But the consistent improvement in gross domestic product (GDP) numbers over the past year is playing a key role in shaping up sentiments of corpo
Business Today1 min read
Air Cargo Traffic Dips 8.5% in February
Total air cargo traffic fell 8.5 per cent YoY to 245 thousand tonnes in February 2021 Of this, domestic cargo traffic declined 6.6 per cent to 99.4 thousand tonnes. It accounted for 40.6 per cent of total cargo traffic ■
Business Today1 min readSecurity
Cyber Security Attacks Up Three Times in 2020
↘ Cyber security incidents jumped from 3,94,499 in 2019 to 11,58,208 in 2020, according to information tracked by Indian Computer Emergency Response Team (CERT-In) ↘ Such attacks had seen a four-fold rise in 2018 and 89 per cent growth in 2019 ↘ CERT
Business Today1 min readTechnology & Engineering
Two-fold Jump in EVs Sold in Last Three Years
The number of registered EVs jumped from 69,012 in FY18 to 167,041 in FY20, as per the e-vahan portal The demand for electric vehicles (EVs) more than doubled in three years to FY20 The government has taken many steps for promotion of EVs which inclu
Business Today19 min readTechnology & Engineering
Factory To The World?
₹199,641 Crore TOTAL INCENTIVE OFFERED FOR FIVE YEARS $520 Billion PROJECTED RISE IN DOMESTIC PRODUCTION OVER FIVE YEARS 1.9 Million PROJECTED JOB CREATION OVER FIVE YEARS On March 10, the $274 billion, Cupertino, California-based Apple Inc. announce
Business Today6 min read
Betting On BoT
On February 10, the National Highways Authority of India’s (NHAI’s) project team eagerly awaited opening of bids for two projects — six-laning of the 67.75-kilometre Panagarh-Palsit and 63.8-kilometre Palsit-Dankuni stretches — in West Bengal. The ex
Business Today12 min readFinance & Money Management
Exiting The Easy Money Circle
More than a decade after the global financial crisis, the exit from an ultra-loose monetary policy — such as near-zero interest rates and helicopter money — in the US is still a work in progress. The US Federal Reserve’s balance sheet has expanded fr
Business Today10 min readAutomotive
A Rough Ride
The new decade was barely a couple of hours old when India’s utility vehicle major Mahindra and Mahindra and US carmaker Ford decided to put off their joint-venture plans. The two companies had been trying to cobble together a wide-ranging partnershi
Business Today6 min read
Resilience At IT’s Best
“It was probably the most traumatic year for the company, because we had grown in size,” Kris Gopalakrishnan, Chairman, Itihaasa Research and Digital and Co-founder, Infosys, spoke about the global financial crisis that broke out soon after he took o
Business Today6 min readComputers
The Location Advantage
MARKET SIZE: ₹30,000 CRORE IN 2021 ₹1 LAKH CRORE BY 2029 30% CAGR Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the Amul range of dairy products, was in a fix when the Centre announced the lockdown last year. While demand for d
Business Today5 min readInvestments & Securities
Piping Hot From Wall Street
Dearth of investment options drives people to hunt for newer opportunities. This is what opened the gate to US equities for Indian investors. Now, investors have found another route to take exposure to fresh global themes and new-age tech plays – SPA
Business Today6 min read
Playing It Safe
If liquid and short-term debt funds gave negative returns in March 2020 when the Franklin Templeton fiasco was on in full swing, duration funds turned negative in March 2021. Most debt schemes with long-duration investments, which had delivered doubl
Business Today2 min read
Network
Serial entrepreneur Bhavin Turakhia, who founded five-odd companies, including collaboration tool Flock, and saw successful exits such as Resellerclub and BigRock, takes his hike breaks seriously. “Unfortunately, in the last eight-nine months, I have
Business Today1 min read
“Find Your Core Strengths And Focus On Them”
Q. What was the problem you were grappling with? A. The major problem I faced in the beginning of my tenure in 2015 was low growth. We were witnessing diminishing returns after over a decade of high growth. So, my first agenda was to bring back the e

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