31-Oct-21

Business Today

For Managing Tomorrow

Business Today1 min read
Business Today
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 Editor: Nilanjan Das Group Pho
Business Today2 min read
Return Of The Big Spender
As the Covid-19 pandemic hit India in 2020, the luxury sector was one of the hardest hit. With lockdowns across the country, and malls and high street stores shut, the crisis hit the industry badly. According to estimates by Euromonitor International
Business Today1 min read
A Touch Of Luxe
Despite the pandemic, the top 15 countries minted new billionaires in 2020, with the highest growth coming from China and India, where their billionaire populations rose by 19.9 per cent and 19.5 per cent, respectively. Billionaire population Wealth
Business Today1 min read
Trade Balance Deficit Has Shot Up
◼ India’s trade balance deficit has ballooned in the first six months of FY22, on the back of a rise in imports of crude oil and petroleum products, which rose 128.4 per cent in the period, compared to a degrowth of 51 per cent last year. SOURCE: MIN
Business Today1 min read
Private Non-financial Firms Reported Stellar Growth in Q1 of FY22
◼ Sales of 1,647 manufacturing companies recorded high y-o-y growth of 75 per cent in Q1 of FY22. ◼ The private corporate sector reported a 60.6 per cent y-o-y growth in sales in the quarter ended June 2021. ◼ Operating profits of manufacturing as we
Business Today1 min read
Passenger, Air Cargo Traffic Growing
◼ Total passenger traffic by air increased by 131.3 per cent year-on-year (y-o-y) in August. In fact, this figure has been growing steadily the past few months. In June, it rose over 50 per cent y-o-y; in July, the rise was more than 125 per cent. Ca
Business Today1 min read
Dubai-india Trade Rises
■ Dubai’s trade with India grew in the first half (H1) of 2021, making India its second biggest trading partner after China, according to the Dubai government. ■ According to IBEF, gold topped the list of commodities at 138.8 billion dirhams ($37.48
Business Today2 min read
Did You Know?
What grapes make Cognac? A single grape variety, Ugni Blanc, accounts for more than 98% of cognac vineyards. Its high yield and late maturation produce wines that are low in alcohol and high in acidity. The acidity preserves the wines naturally befor
Business Today1 min read
Iit Delhi Has Churned Out Most Indian Start-ups
Number of start-ups founded by institute alumni SOURCE: TRACXN ■
Business Today8 min read
I Am A Strong Believer In Cash Flows
The BIG BULL OF the Indian markets, Rakesh Jhunjhunwala, has had a mixed year. Even as the billionaire investor battled significant health issues including a debilitating bout of Covid-19, the performance of his stock portfolio has been nothing short
Business Today3 min read
Crafting the Cognac
More than 300 years ago, in 1715, Jean Martell, who successful English wine merchants, arrived in the Charente region of France to buy wine, and send it back to his home in Jersey in the UK. But instead, he became so enamored with the area and its br
Business Today4 min readGender Studies
Bacardi Driving A Gender Diverse And Inclusive Work Culture In The Alco-bev Industry
The 2020 Working Mother & Avtar Best Companies for Women in India report states that the total spends on gender diversity by Indian companies increased from 23% in 2016 to 32% in 2019. The percentage of women hires, it reveals, rose to 37% in 2020 fr
Business Today4 min read
The Buzz Returns
TIME CHANGES FAST in the corporate world. In June, business confidence was at its lowest in two years, but about three months later, the sentiment has moved up to its highest level in 10 quarters. What has changed in just a quarter to justify this sw
Business Today8 min read
Opening Essay
As you walk into Delhi’s posh DLF Emporio mall on a weekend, the first thing you notice is the queue outside the Louis Vuitton store. The store is only allowing in 12-15 people at a time, and eager shoppers wait politely in queue. Move on, and you co
Business Today4 min read
Vehicles Home Delivered
Droom is a pure-play, automobile e-commerce platform and what makes us unique in the automobile industry is that we don't have any physical stores, but we solve the automobile problem through technology and data science. Our differentiators are, we a
Business Today2 min read
To Blaze A Trail In Challenging Covid Threats To Make Headway: A Breath Of Fresh Air
The company is structured and supported by Maharashtra Defence and Aerospace Venture Fund., eminent scientist Dr. Anil kakodkar, former Atomic Energy Commission Chief, and Lt.Gen Rajendran Nimbolkar. Our Founder Chairman Shri. Rajendra Chodankar viso
Business Today3 min read
Grooming Men For Greatness For The Last 2 Centuries
Superimpose an array of unrivaled service steped in age-old traditions with unmatched products and you've got a winner in the globally renowned Barbershop, True fit & Hill (T&H), often visited by the likes of Winston Churchill, Charles Dickens, and A
Business Today8 min read
House Of Luxury
A couple of years ago, Darshan Mehta saw a young man, perhaps in his late-20s, wearing a pair of red trousers. It was at an airport and he remembers the attention the red trousers drew. “If he had done that in Italy, it would have been quite normal.
Business Today6 min read
Canali On Canali
STEFANO CANALI has a relaxed demeanour. The President and CEO of Canali Spa, scion of the dynasty that is synonymous with menswear, loves India for its culture and immense business potential. In a joint venture (JV) with Reliance Brands, Canali wants
Business Today3 min read
The Fine Things
Nothing quite beats the sheer tactile luxury of ink curving on paper under the gold-plated nib of a perfectly balanced handcrafted pen. An Indian brand making a mark in this niche is industry veteran Arun Singhi’s ‘Lotus’. Widely sought by collectors
Business Today7 min read
The King’s Address
If 2020 was the year of the second home—that suburban getaway for the family, a refuge from a city in lockdown—then 2021 is the year of the luxurious primary home. Homebuyers are either consolidating their move to an urban haven with all possible con
Business Today6 min read
Digital Luxe
$69.3 million. That’s how much Mike Winkelmann’s digital art called Everydays—The First 5,000 Days fetched in an auction at Christie’s this March. It not only set the record for the most expensive work of art sold online, but also made Winkelmann, th
Business Today1 min read
The Jewel In The Crown
THE STORY OF Gurugram’s DLF 5 Golf Links started in 2008. One of the very first apartments was the DLF Aralias, where prices have skyrocketed from ₹2,000 per sq. ft at launch to ₹35,000 per sq. ft now. Then came the DLF Magnolias, whose 4,500-sq.-ft
Business Today1 min read
London Beckons
WHEN IT COMES to a home away from home, there’s no place like the UK, specifically London. “The UK is the top destination, in terms of global real estate transparency, in the global index,” says Akash Puri, Director, India Sotheby’s International Rea
Business Today3 min read
The Wine Man Who Makes The Impossible Possible!
The life story of Telangana’s well decorated and much loved wine man Kishan Pedhapally is an awe inspiring tale of passion, dedication and ambition. The founder of Asav, one of the fastest growing wine brands of India, Kishan needs no introduction es
Business Today3 min read
Electric Elegance
The brand’s first fully-electric car will be launched in 2023 Torsten Müller-Ötvös, the CEO of Rolls- T Royce Motor Cars, has taken it upon himself to turn the company into a fully-electric brand by 2030. He’s famously known to have said that, by 203
Business Today5 min read
Fit for royalty
THE PANDEMIC and the resulting lockdowns ensured that we were all stuck at home for a large part of the past year. However, things are better now and hotels are going out of their way to ensure the safety of their guests. While international travel i
Business Today4 min read
Raising the Bar
A unique assemblage of over 100 of the most exceptional eaux de vie If cognac is your choice of poison, then you must be familiar with the house of Hennessy. One of its best creations is Richard Hennessy, a tribute to the founder of Hennessy and an e
Business Today2 min read
Gold On Your Plate
How do you make the humble vada pao gourmet? Fill the vada with Italian truffle butter and cheese, and then wrap it in 22-carat edible gold from France. Introduced by O’Pao restaurant in September, the Gold O'Vada Pao is served in a carved wooden box
Business Today2 min read
Timeless Time Machines
The MB&F watch is inspired by automotive and aviation design There is only one word to describe this watch: outrageous. First introduced by MB&F in 2018, the Horological Machine N°9, or HM9, has been inspired by automotive and aviation design from th
Business Today3 min read
Bridging The Gap
Instead of non-recyclable materials, it has been handcrafted with solid wood From the stables of Oswalds Mill F Audio comes Imperia, a four-way fully horn-loaded system. Instead of non-recyclable materials, it has been handcrafted with solid wood. On
Business Today8 min readFinance & Money Management
Loan Default Alert!
ETAIL LENDERS have been facing several challenges due to Covid-19. On the one hand, the demand for small loans has surged as lockdowns hit livelihoods, while on the other hand, the recovery rate has slowed. Consequently, the rise in loan delinquencie
Business Today1 min read
‘To Achieve Mastery, One Needs To Put In A Large Amount Of Time’
What was the problem you were grappling with? There are certain instances where you would think multi-fold before taking a decision. During our IPO, I was in a similar sort of dilemma. I wanted to have expert advice on whether to expand into hospital

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