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

It is difficult to describe someone like Robin Raina. The multifaceted boss of US insurance solutions company Ebix Inc.—and its Indian subsidiary, the fast-growing fintech company Ebix-Cash—is as colourful a personality as the sprawling office he sit

INFLATION IS rising in the UK, India, the US and Brazil. And the new Covid-19 variant could further exacerbate it by disrupting global supply chains. Result: In the one month to December 20, the Dow Jones Industrial Average Index on Wall Street decli

In 2019, Seattle-based Amazon picked up a 49 per cent stake in the Kishore Biyani-promoted Future Coupons for ₹1,500 crore. The money was handy for Biyani in the midst of liquidity woes, while it gave Amazon an indirect holding of 3.58 per cent in Fu

The digital age is coming. In the stockmarkets, too. Market veteran Raamdeo Agrawal states that five-six of the top 10 wealth creators in the next 10 years would be digital firms. Here’s why: “replicability, friction-free delivery and near-zero margi

A WEAKENING RUPEE has made India’s imports expensive. But exports won’t benefit either, thanks to supply-side bottlenecks and fragile global demand owing to Omicron. Outbound shipments in November were at a low of $30.04 billion; inbound shipments at

AMID ITS share price stagnating for over eight years in the ₹200-300 range, ITC finally divulged its business strategies. From unlocking value through the demerger of its non-cigarettes FMCG and hotels business to a possible listing of ITC Infotech,

CITIBANK’S SALE of its Indian consumer banking business has hit a stumbling block: its high valuation, which its suitors, including half-a-dozen private banks from Kotak to Axis Bank, are balking at. Citi has assets of ₹2.16 lakh-plus crore; net NPAs

LEENA NAIR takes charge as Chanel’s global CEO at a challenging time—the luxury fashion powerhouse saw profits drop over 41 per cent in 2020, courtesy Covid-19. Chanel will bank on the Unilever CHRO’s people smarts to resuscitate its P&L. ■

A YEAR OF LIVING DANGEROUSLY, in every sense of the term, draws to a close. Lives lost, businesses shuttered, human resolve tested, yet wealth created. A year when science answered the questions asked of it, even as it prepares now for a sterner exam

June 2017: Bought an 80 per cent stake in ItzCash for ₹522.42 crore Oct 2017: Acquired 100 per cent interest in money transfer business of Wall Street Finance, along with its subsidiary company Goldman Securities, for ₹42 crore Nov 2017: Acquired the

Robin Raina-headed Ebix Inc. set up the local operations of EbixCash, its Indian subsidiary, in 2017 The company had revenues of ₹4,317 crore in 2020-21. EbixCash had a pre-Covid-19 GMV of $18 billion EbixCash has spent $750 million in the past five

The government has set very ambitious export targets. Are these feasible and achievable? These targets are very much feasible because they have not been decided unilaterally. We reached these numbers after consulting many stakeholders and industry pe

1 To extend policy support of up to 50 per cent of project cost to execute highly capital-intensive and resource-intensive projects for semiconductor fabs and display fabs 2 To extend policy support of 30 per cent to approved units for compound semic

Rapid digitisation during the Covid-19 pandemic has led to a massive rise in demand for semiconductor chips This led to shortage of critical third-party components needed to manufacture chips. The restrictions on movement also hit the complex manufac

1 There have been multiple failed attempts to set up commercial fabrication facilities in the country 2 A consortium of Jaiprakash Associates, along with the US-based IBM Corporation and Israel’s TowerJazz, was to set up a facility at Greater Noida,

The company made a foray into the premium segment. This increased its revenues and ensured higher margins Crompton reduced its interest outgo by going in for an NCD issue, and thus refinanced the earlier component of its loan. That difference went to

NOIDA-BASED KARAN KUMAR has a daily commute of over 60 km. The 26-year-old software engineer, who drives his own car, travels to work 30 km away in Delhi and back home. Rising fuel prices and a drop in his car’s efficiency, however, have made his mon