Business Today

For regular international travellers, particularly to Europe, IKEA is, quite literally, a household name. The $42-billion Swedish home furnishings giant has been known for its massive stores and trademark furniture style. So it was no surprise that,

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

Global and domestic institutional investors turned gung-ho on the stock of beaten-down Paytm’s parent One 97 Communications in the June quarter. Latest shareholding data with the BSE show that FIIs upped their stake to 5.45 per cent in the company fr

THE AVERAGE RISE IN INCOME OF FARMERS ACROSS INDIA BETWEEN FY18-FY22, AS PER SBI. IN SOME CROPS LIKE SOYBEAN IN MAHARASHTRA AND COTTON IN KARNATAKA, INCOMES HAVE DOUBLED DURING THE SAME PERIOD ■

The auction of 5G telecom spectrum—which concluded recently—has yielded the government over ₹1.5 lakh crore. In a process spread over a week and after 40 rounds, it emerged that Reliance Jio had spent the most at ₹88,078 crore to pick up airwaves, wh

THE NITI AAYO G, the government’s think tank, says the country’s gig workforce is expected to shoot up to 23.5 million by 2029-30, from 7.7 million in FY21. At present, around 47 per cent of the gig work is in medium-skilled jobs, 22 per cent are in

TOP EXECUTIVES of leading technology start-ups including Flipkart, Paytm, Zomato, Swiggy, OYO, Ola and MakeMyT rip met a group of parliamentarians to discuss anti-competitive practices by the Big Tech firms. The domestic e-commerce leaders brought a

FALL IN FOREX RESERVES SINCE SEPTEMBER 3, 2021. THE FIGURE PLUNGED BY NEARLY 11 PER CENT TO $572.71 BILLION ON JULY 15, 2022 FROM $642.45 BILLION ON SEPTEMBER 3 LAST YEAR, ACCORDING TO THE RBI ■

Airbnb Co-founder Joe Gebbia will remain on its board after stepping down from his role at the company. In a letter addressed to the Airbnb Community, he said his “brain is bursting with more ideas to bring to the world,” and he will be working on pr

The debt-laden Kishore Biyani-promoted Future Retail will now have its lenders initiate insolvency proceedings. After a protracted battle for ownership between e-commerce major Amazon and Reliance Retail, this is a fresh twist. Interestingly, the lat

PRASHANT JAIN is one of the most high-profile fund managers of the mutual fund industry. At HDFC MF, he was managing three schemes with assets totalling nearly ₹90,000 crore before he decided to quit after a 19-year stint. Many in the industry believ

A SLEW of changes has been introduced in the insurance sector since Debasish Panda became Chairman of regulator IRDAI. The latest is to empower insurers to empanel hospitals that meet the standards and benchmarks set by their boards. Earlier, hospita

111th Annual General Meeting, ITC Limited, July 20, 2022 ADDRESS BY CHAIRMAN & MANAGING DIRECTOR, MR SANJIV PURI We meet today as the world traverses a very challenging journey. While it is heartening that India has responded to the pandemic with adm

EVEN THOUGH the economic world is accustomed to periodic ups and downs, most seasoned observers place their faith on a certain rhythm to this ebb and flow—namely, that corrective policy action and market forces will inevitably address the causes behi

1 IKEA is bullish about growth in India amid slowing western economies 2 It is ramping up store expansion with big-ticket investments targeted at millions of Indian millennials 3 A fast-growing furniture market and investments by branded players have

IKEA India incorporated in Delhi-NCR ₹21-crore equity infusion by Ingka Group ₹49-crore equity infusion by Ingka Group ₹50-crore equity infusion by Ingka Group ₹332-crore equity infusion by Ingka Group ₹423-crore equity infusion by Ingka Group ₹890-c

WORRY. DEEP WORRY. That’s the clear vibe seeping through the latest edition of the Business Today-C Fore Business Confidence Survey, for the first quarter (April to June) of 2022-23. While the Business Confidence Index (BCI) settled above the halfway

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For what started off in 1999 as a company that was into earthworks, stone-crushing operations, supplies of aggregates, and other construction works KR Construction Company has surely crossed the rubicon. The proprietorship firm of Mahipal Singh is no

Ruban Memorial Hospital can simply be called a story of one man’s deepest desire to give back to society. Dr. Satyajit Singh’s motivation to come home and establish a multispecialty and superspecialty hospital after spending decades abroad resonates

Dr. Sule is an accomplished Computer Engineer who has completed his Post graduation & Doctorate in Management. A natural leader and an acknowledged man manager, he is well known for his self-awareness, situation awareness, effective communication and

Makers of Covid-19 paraphernalia saw a huge jump in production since the pandemic began *viral transport media, used to carry samples; Source: Association of Indian Medical Device Industry ■

1 The monthly subscription-based model of managed-care service providers is gaining traction among people 2 These new-age start-ups cover doctor consultations and offer discounts on pharmacy and lab tests 3 They also provide health insurance to cover