10 July 2022

Business Today

For Managing Tomorrow

Business Today2 min readSmall Business & Entrepreneurs
The Great Start-up Reset
The dramatic change in the fortunes of India’s start-up ecosystem in recent months has become the cause for much concern in entrepreneurial circles. Till most of 2021, Indian start-ups were being wooed by the biggest investors in the world—the larges
Business Today1 min read
Business Today
http://www.businesstoday.in 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 Ed
Business Today1 min read
Green Zone
Source: Economic Survey 2021-22 The area under forest cover in India, in 2021. The country has the third-fastest growing cover in the world of India’s geographical area is under forest cover; it makes up 2 per cent of global forest area of India’s to
Business Today1 min read
Oil On The Boil
With volatility in crude oil prices continuing, any relief for the consumer is unlikely. Despite a steep excise duty cut, inflation, fiscal deficit and trade deficit remain a worry. The impact of high oil prices is visible in a depreciating rupee. Th
Business Today1 min read
American Influence
Putting an end to all speculation, the US Fed went for an aggressive rate hike of 0.75 per cent, the biggest hike in the past 28 years, to tame inflation. The Fed, while announcing the rate hike, said it is “strongly committed” to returning inflation
Business Today1 min read
₹20.23
LAKH CRORE PROVISIONAL BANK CREDIT TO MICRO, SMALL AND MEDIUM ENTERPRISES IN 2021-22. THE FIGURE WAS ₹17.84 LAKH CRORE IN FY21 ■
Business Today1 min read
Vikram Haasan
It has been quite a comeback for Kamal Haasan. After a forgettable political debut, he is back to what he does best. Vikram, an action thriller and the actor’s first film in almost four years, has set the cash registers ringing. Made on a budget of ₹
Business Today1 min read
…misleading Advertisements
Celebrities may be forced to take a long, hard look at what they choose to advertise. The new, legally binding guidelines set by the consumer affairs ministry say they need to declare their stakes in the brands they endorse and that their endorsement
Business Today1 min read
Empowering Space
INDIA WILL SOON announce a new space policy that will define areas open to private entities, including start-ups. “We will be mindful of certain things to ensure our international commitments. Other than that, we aren’t putting any barriers on the pr
Business Today1 min read
Watch Out for Those…
ARMED WITH a new set of guidelines and a nodal body to scrutinise unfair promotional campaigns, the consumer affairs ministry is tightening the noose around companies that resort to misleading advertisements. Since the formation of the Central Consum
Business Today1 min read
Light Years Ahead
After six years of innovation, the world’s first production-ready solar car Lightyear 0 is here. Produced by Dutch start-up Lightyear, prices start at $263,243 or ₹2.05 crore. Once it achieves critical mass, it can compete with luxury EV makers like
Business Today1 min readFinance & Money Management
Equated Monthly Increases
EMIs for home loan borrowers are set to rise with an increase of 0.5 per cent in the repo rate by the RBI. This is the second time the RBI has hiked the repo rate in 36 days. Banks have already started passing on the burden to borrowers. For example,
Business Today1 min read
Dial C for Apple
TO CURB e-waste, EU lawmakers have mandated USB Type-C as the default charging port across smartphones, phones, tablets, cameras, etc., by fall 2024. The European Parliament says this will promote the re-use of chargers, saving up to €250 million a y
Business Today1 min readFinance & Money Management
₹10.41 Lakh Crore
VALUE OF TRANSACTIONS UPI (UNIFIED PAYMENTS INTERFACE) PROCESSED IN MAY 2022, THE HIGHEST SINGLE-MONTH VALUE OF TRANSACTIONS SINCE ITS LAUNCH IN 2016 ■
Business Today1 min readChemistry
Hydrogen Power
Gautam Adani’s deal spree continues. This time, France’s TotalEnergies SE will pick up 25 per cent stake in Adani New Energies. The objective is to build the “world’s biggest hydrogen ecosystem”, for which the two companies will invest $50 billion ov
Business Today1 min readInternational Relations
Battling Minister
COMMERCE AND INDUSTRY Minister Piyush Goyal was seen in combative mode at the 12th ministerial conference of the World Trade Organization. He pressed India’s case for allowing countries to export foodgrain from public stockpiles for humanitarian and
Business Today1 min read
Yes, Mr Secretary
FINANCE SECRETARY T.V. Somanathan has pressed for reforming India’s poorly targeted subsidies such as those for electricity and fertilisers, to improve the quality of public expenditure. Besides, he has underlined the importance of reducing the fisca
Business Today1 min read
Up‚ Up And Up
The valuation story of Cred isn’t slowing down. A recent fund infusion of $140 million by Singapore’s GIC, Tiger Global, FalconEdge and Dragonee has boosted it to $6.4 billion. Last April, Cred was valued at $2.2 billion and in October, at $4 billion
Business Today4 min read
A Game of Big Bucks
▶ THE PROCESS OF monetising cricket has been a big story in the game for many years. For about a quarter of a century, segments such as broadcasting rights and players’ endorsements, among others, saw big money flowing in. But nothing comes close to
Business Today1 min read
Bungee Jumper
RBL Bank’s new MD & CEO R. Subramaniakumar played a key role in the turn-around of Indian Bank and Indian Overseas Bank. But markets are cautious as he was also the RBI-appointed administrator of failed Dewan Housing Finance Ltd. The man himself is u
Business Today1 min read
Revving Up For Revlon?
MUKESH AMBANI wants a bigger piece of the consumer’s wallet. From staple foods to fashion brands to electronics, he is everywhere. Now, reports say Reliance is looking to acquire cosmetics giant Revlon, which has filed for Chapter 11 bankruptcy. The
Business Today2 min readSecurity
Hit and Miss
▶ A NEW DIRECTIVE by the Indian Computer Emergency Response Team (CERT-In) has directed digital service providers to record and keep users’ logs for 180 days, and store customer data such as their validated names, allotted IP addresses, email address
Business Today5 min read
Delta Automation Gets Bold and Visionary to Fuel India’s Growth Goals
How do automation solutions providers align themselves as growth drivers of the Indian economy? After the Covid-19 pandemic hit the world affecting it in many unprecedented ways, the demand for automation got expedited and we see a multi-fold demand
Business Today2 min readInvestments & Securities
Uninsured Stock
▶ THE LISTING OF Life Insurance Corporation of India, or LIC, on May 17 was a momentous occasion for the Indian stock markets. Since then, the benchmark S&P BSE Sensex has lost a little over 5 per cent, while the LIC stock is down nearly 30 per cent
Business Today4 min read
The Sustainable Development
We have a dedicated framework to guide our Sustainability initiatives and achieve our Sustainable Development Goals. We have identified 10 SDGs namely • Water - Reduce consumption of freshwater and rejuvenate sources • Energy - Decouple growth from e
Business Today2 min readSmall Business & Entrepreneurs
Drones Scrambled
▶ EVEN AS THE CIVIL AVIATION MINISTRY looks to push India’s budding drone sector to become a $30-billion industry by 2030, disruptions caused by pandemic-induced lockdowns and geopolitical risks have led domestic players to seek self-reliance. One ar
Business Today4 min read
Tax-free No More, Yet…
THE UAE HAS globally been recognised as one of the few surviving large and growing economies, which continues to be free of income tax. It holds a special place for Indians. Several high net-worth individuals have migrated to the UAE in the recent pa
Business Today10 min readSmall Business & Entrepreneurs
The Ticking Bomb
FOR PRATEEK JAIN, the current start-up funding crunch brings home a feeling of familiarity. In 2016, when the start-up ecosystem underwent a harsh phase of layoffs and shutdowns, funding dried down for his beauty services start-up StayGlad. He was fo
Business Today6 min read
Nucleus Office Parks Power Green Assets
In an evolving society, development is an inevitable process of growth. The moot question is whether progress is happening at the cost of the environment impacting the lives of fringe population struggling for survival, a looming socio-economic crisi
Business Today1 min read
Feeling The Heat
(Figures in $ billion) Note: Numbers have been rounded-off Source: Ministry of Commerce and Industry (Figures in $ billion) Note: Numbers have been rounded off; Source: Ministry of Commerce and Industry (Figures are for 2021 in $ billion) Source: Min
Business Today5 min read
STL: Leading ESG Efforts From The Front
What are STL’s fundamental ESG drivers? Please highlight some ESG achievements. Our approach to ESG is proactive and an essential enabler across our value chain, both within and beyond institutional boundaries. We believe that risk to business operat
Business Today1 min readSmall Business & Entrepreneurs
Paradise Shaken
1 Global macro events including the war in Ukraine, rising inflation, spike in interest rates and turbulent public markets have forced investors to be extremely cautious, making it hard for startups to raise funds 2 Investors are confronted with a su
Business Today11 min read
Jobs Are Back
IF YOU’RE LOOKING to change jobs, now may be a good time because the Indian white-collar job market has well and truly shed its Covid-19 blues to turn red hot. In April 2022, job portal Naukri.com’s JobSpeak Index grew 38 per cent year-on-year to 2,8
Business Today4 min read
Tata Power: Spearheading The Green Energy Transition
The COP26 climate change summit in Glasgow stressed the importance of achieving net-zero emissions while encouraging investment in clean technology. India is aiming to achieve its target of Net Zero emissions by 2070, with a vision to meet 50% of ene
Business Today8 min read
Hanging By A Thread
TEN YEARS AGO, three words uttered by then European Central Bank (ECB) President Mario Draghi — “whatever it takes” — marked the beginning of the turnaround of the Euro zone debt crisis of 2012. Who knew then that Draghi’s words to save the economy w
Business Today1 min read
Road Safety Derive
Now in its third season, the #BeTheBetterGuy campaign is leaving no stones unturned to drive home the importance of safe driving habits and bringing about apositive change by making Indian roads safer. Staying true to its purpose of raising awareness
Business Today2 min read
‘Inflation Is Temporary; The Economy Will Improve Soon’
EVEN AS THE GLOBAL and Indian economies face headwinds, the government and the RBI are struggling to control inflation and push growth in India. Rajat Mishra caught up with Minister of State for Finance Pankaj Chaudhary to understand the government’s
Business Today4 min read
‘Employees, Bidding Universe Big Challenges To Divestment’
THE GOVERNMENT has been on a mission to raise revenues by divesting its stakes in public sector enterprises. The man in the centre of all the action is Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM).
Business Today6 min read
The Big Bite
WHEN THE WORLD’S richest person says something, everyone listens. So, when Elon Musk said that he had acquired a significant stake—9.2 per cent, to be precise—in Twitter and planned to acquire the microblogging company, everyone took it seriously. Wh
Business Today9 min read
‘We Want To Be The Maruti Of Eyewear In India’
Peyush Bansal believes that as an entrepreneur, choosing the right partners early on makes a big difference to a company’s fortunes. The Co-founder, Chief Executive Officer and Chief People Officer of Lenskart, an e-commerce portal for eyewear, is on
Business Today4 min read
Maharashtra Industrial Development Corporation
This special planning body operates through a broad network of local offices and has created 289 industrial parks around the state on 2.25 lakh acres of land. MIDC has spent the last few years focusing on developing commercial partnerships with nearl
Business Today3 min read
Maharashtra Re Affirms Itself As The Leading Investment Destination At Davos
This year WEF 2022, a platform to raise global issues, was organized for the first time after the global hiatus in an in-person format, where countries from Africa, Asia, Europe, the Middle East, Latin America and North America came together to work
Business Today6 min read
Breaking Silos
THE NUMBERS are impressive: As of October 2021, more than 1.3 billion Aadhaar cards had been issued to residents of India; monthly digital transactions on the Unified Payments Interface (UPI) were in excess of $100 billion as of November; and over 10
Business Today1 min read
Priority Sectors
Almost 300 million health IDs have been created under the Ayushman Bharat digital health mission. With health registries and electronic health records, a lot will change in healthcare To achieve the objective of doubling farmers’ income, input costs
Business Today6 min read
Artificial Intelligence Is The Need Of The Hour To Create Safer Roads In India
According to the India Ministry of Road Transport and Highways, road crashes kill about 80,000 people every year. This startling statistic accounts for about 13% of the total fatality all over the world. How can vision-based technology really help in
Business Today5 min read
Engineering Success
THERE ARE A handful of consumer tech companies around the world that truly focus on innovation. There’s Apple and Google and then across the pond, there’s a company called Dyson. Since the time the company was founded in the early 1990s, we’ve seen f
Business Today1 min read
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Green Warriors
SCORE 76-92% Computer programming firms and tobacco manufacturers SCORE 69-73% Computer programming and financial services companies SCORE 81-84% Electricity, gas steam and telecommunications companies SOURCE: ESGRISK.AI ■
Business Today5 min read
Waking Up To Esg
BACK IN 2004, when the term ESG (an acronym for environmental, social and governance) was coined under the guidance of the UN in a report titled “Who Cares Wins”, it was just a fad. Now, 18 years later, it is at the heart of every decision made by th
Business Today6 min readFinance & Money Management
How To Get The Cheapest Personal Loan
FOR A LONG TIME, New Delhi-based software professional Nibedita Sharma had dreamt of renovating her house. The only stumbling block was money. There were always expenses that needed urgent attention, putting the renovation on the back-burner. Till sh
Business Today1 min read
Planned Investments
Non-fossil fuel: ₹35-45 lakh crore Includes investments towards transmission infrastructure and energy storage capabilities Steel and cement: ₹65,000 crore + Investments across private companies CNG: ₹1.8–2.2 lakh crore Includes 8th, 9th, 10th and 11
Business Today1 min read
Smog Alert
The journey to net-zero emissions for most countries has already begun MtCO2 e: Million tonnes of CO2 equivalent Rising environmental risks have spurred investments into sustainable businesses Year 2030 is the first crucial milestone to achieve net-z
Business Today5 min read
Winds Of Change
IN JANUARY 2020, the World Economic Forum sent out letters urging companies attending the Davos summit to commit to net-zero carbon emissions by 2050 or earlier. While most companies started thinking about this, an Indian company—Infosys—was well on
Business Today3 min read
Green Bucks
LOWERING CARBON emissions is serious business. Serious enough to draw financing of $94.8 trillion over the next 38 years to meet the climate goals of just eight emerging economies—China, India, Indonesia, Kenya, South Africa, the UAE, Nigeria and Sou
Business Today4 min read
Making Sense Of Esg Investing
ENVIRONMENTAL, SOCIAL AND GOVERNANCE or ESG has become ubiquitous in recent years, finding a mention in almost every discussion in the financial world. Increasingly we keep hearing questions about whether ESG compliance can help companies drive bette
Business Today7 min read
My Green wardrobe
WHEN 36-YEAR-OLD Sujata Biswas and her sister Taniya quit their corporate jobs in 2016, little did they know that they were on the path to starting one of the most successful sustainable clothing brands in India, which today has an annual turnover of
Business Today1 min read
Focus On Sustainability
1 More than 300 international fashion brands are expected to open their stores in India by 2022-23 2 The global fashion industry is the second-biggest consumer of water, according to the UN Environment Programme 3 Following the popularity of niche su
Business Today4 min read
Green Homes
WHEN 56-YEAR-OLD interior designer Revathi Nair was building her retirement home on the outskirts of Bengaluru, she was conscious of the fact that it had to be sustainable. “I was constructing a house, so that was anyway adding to my carbon footprint
Business Today1 min read
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Business Today1 min read
‘Tough Times Don’t Last, Tough People Do’
What was the problem you were grappling with? Hitachi Energy became a standalone listed legal entity in India amidst the pandemic. We had to halt operations at many of our factories to protect our people. This was clearly not how we were aiming to st
Business Today2 min read
Apple’s New Engines
EVERY YEAR, Apple users wait with bated breath for the Worldwide Developers Conference (WWDC) to find out about new features they can look forward to in their devices. This year, Apple unveiled many updates that will bring new capabilities later this

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