4 September 2022

Business Today

For Managing Tomorrow

Business Today2 min read
ITC’s FMCG Mantra
For those tracking the diversified, Kolkata-headquartered ITC Limited over the past few decades, the transformation of what was primarily a cigarettes company has been nothing short of dramatic. Ever since its iconic former chairman, the Late Y.C. De
Business Today2 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 Today1 min read
The Buzz
PHOTOGRAPHIK SOURCE: CMIE A SIP OF INDIAN TEA THE ONGOING CRISIS IN SRI LANKA IS EXPECTED TO KEEP GLOBAL TEA PRICES ELEVATED AND DRIVE UP DEMAND FOR INDIAN TEA 25 PER CENT The rise in tea prices in India in the past one year due to a price surge in t
Business Today2 min read
Towards The Indian Century
1.65 billion LIKELY POPULATION OF INDIA IN 2047 (AS PER UN PROJECTIONS), COMPARED TO AROUND 1.40 BILLION IN 2021 3rd INDIA WILL BE THE THIRD-LARGEST IMPORTER BY 2050, BEHIND CHINA AND THE US $1 trillion INDIA’S EXPORTS BY 2030, ACCORDING TO PIYUSH GO
Business Today2 min read
The Buzz Spotlight
INDIA IS HOME to 75,000 start-ups in the 75th year of Independence and this is only the beginning, Union Minister Piyush Goyal tweeted. Over 750,000 jobs have been created by start-ups. As per data from the Ministry of Commerce and Industry, the late
Business Today2 min read
Inflation Angst Hits Home
GET READY TO pay more for your dream home. Following a repo rate hike of 50 basis points (bps) by the Reserve Bank of India (RBI) at its recent monetary policy meeting, banks have started passing on the burden to home loan borrowers. Lenders such as
Business Today4 min read
This GIFT Needs Money
IN A BID TO take a big bite of the global pie, aircraft leasing companies that start operations from the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT-City) have been exempted from paying corporate and
Business Today2 min read
A Meeting of Dissension
THE GOVERNMENT’S POLICY-FOCUSSED think tank NITI Aayog held its 7th Governing Council meeting in-person on August 7, after the previous two were held online due to the pandemic. On the agenda were issues such as crop diversification, self-sufficiency
Business Today2 min read
Silicon Ambitions
FOR DECADES, INDIA has dreamt of becoming a player in the semiconductor space, which is currently facing a crippling global shortfall. With the demand for semiconductors expected to only go up, the country needs to develop a comprehensive ecosystem s
Business Today4 min readCrime & Violence
Decoding PMLA
THE PREVENTION OF Money Laundering Act, 2002 (PMLA) is by far the most far-reaching and feared law dealing with financial proceeds associated with a crime. Ever since its promulgation in 2002, the authorities have sought to invoke PMLA time and again
Business Today11 min read
The Making Of A Bellwether
NOT FOR A MOMENT DOES SANJIV PURI TAKE HIS EYES OFF YOU. “DO YOU LIKE THE MISHTI DOI?” HE ASKS IN A TONE THAT IS QUIETLY CONFIDENT. ONCE YOU REPLY IN THE AFFIRMATIVE, HE SMILES AND OFFERS YOU SOMETHING MORE TO EAT. IN HIS TASTEFULLY DONE UP OFFICE IN
Business Today5 min read
‘Our Ambition Is To Be The No. 1 Fmcg Company In India’
FOR A COMPANY that entered the FMCG business at the turn of the century, ITC has had quite a run. With brands such as Sunfeast, Aashirvaad, Engage, Kitchens of India and Savlon, not only has it made a mark, it has also managed to create a business cu
Business Today5 min read
The Dream of 5G
THE AUCTION OF 5G spectrum in India has led to a lot of happy faces. The government is pleased at garnering more than ₹1.5 lakh crore, beating all expectations as well as past revenue figures for spectrum auctions. Industry watchers are beaming as th
Business Today13 min readFinance & Money Management
New Kids On The Block
TWO DAYS BEFORE the first nationwide lockdown in March 2020, the Godrej Group, best known for its locks and soaps, saw its first employee fall ill as it was finalising its financial services venture. Soon, everybody was asked to work from home. As th
Business Today12 min read
Inflation May Have Peaked In India
Chief Economic Adviser V. Anantha Nageswaran, who took charge earlier this year, is at a loss to understand the pessimism among global think tanks on India’s medium-term growth prospects. India, the CEA says, may be poised to repeat the credit boom i
Business Today6 min read
Wooing Metropolis
METROPOLIS HEALTHCARE IS in a sweet spot. No sooner had it indicated that it was looking for strategic partners to grow its business, than it saw investors lining up to partner or buy a stake in the fast-growing diagnostics company. Major companies a
Business Today4 min readSmall Business & Entrepreneurs
Watching Every Penny
“INDIA IS NOW home to 75,000 start-ups in the 75th year of Independence and this is only the beginning,” Union Minister Piyush Goyal tweeted on Wednesday, August 3. The growth of India’s start-up landscape over the past decade has been outstanding an
Business Today1 min read
Turning Frugal
START-UPS ARE CUTTING DOWN ON THE FRILLS; BONUSES, SALARIES, PERKS, AND BENEFITS ARE BEING REVIEWED EXPERIMENTS ARE ON HOLD; NON-PERFORMING BUSINESS FUNCTIONS ARE BEING WOUND DOWN HIGH BURN MODELS ARE FACING INCREASED INVESTOR SCRUTINY INVESTORS ARE
Business Today11 min readSmall Business & Entrepreneurs
The drying Tap
EVERY DOCUMENT IS the outcome of a negotiation. In the world of venture capital (VC) funding, the character of this negotiation changes with cycles. After a year of breakneck pace of investing, which saw a record $35 billion of investor money flowing
Business Today12 min readSmall Business & Entrepreneurs
Accel Erator
$100 BILLION+ THE MARKET VALUE OF ACCEL’S INDIA PORTFOLIO $650 MILLION EARLY-STAGE FUND DEDICATED TO INDIA AND SOUTHEAST ASIA SOURCE: ACCEL LONG BEFORE HE JOINED Accel as its first Associate in India, Abhishek Goyal was working as a software develope
Business Today1 min readFinance & Money Management
Category Defining Investments
FLIPKART • E-commerce• 2009 FRESHWORKS • SaaS• 2011 BOOKMYSHOW • Online ticketing• 2012 SWIGGY • Food delivery• 2015 URBAN COMPANY • Home services• 2015 MOGLIX • B2B industrial goods marketplace• 2015 BLACKBUCK • Online trucking marketplace• 2015 ACK
Business Today7 min readSmall Business & Entrepreneurs
Cracks In The Speedway
IN LATE FEBRUARY this year, Anirudh Damani, Managing Partner at Artha Venture Fund, sent out a message on the WhatsApp group he shares with the founders of his investee companies, predicting “a tough winter lasting for two to three quarters”. The adv
Business Today1 min read
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Business Today5 min readSmall Business & Entrepreneurs
It‘s Not winter yet
WINTER IS COMING. This oft-quoted line is the name of the inaugural episode of the widely-watched series Game of Thrones that first aired in April 2011. It is also a dialogue used liberally throughout the series’ long episodes that describes an impen
Business Today4 min readInvestments & Securities
The Tech Twist
AFTER A STELLAR run last year, start-up stocks have hit a rough patch. Online food delivery major Zomato, which was valued at ₹1.3 lakh crore on the bourses last year, is now valued at ₹43,778 crore. Similarly, One 97 Communications—the parent firm o
Business Today7 min readSmall Business & Entrepreneurs
The Feast
START-UPS IN India had a ball of a time in 2021. Emerging from the pandemic, they attracted $35 billion in private funding, produced a record 44 unicorns (start-ups with a valuation of $1 billion or more) and went on a hiring spree to pursue their am
Business Today4 min readInvestments & Securities
R.I.P. Rocky
THE FIRST TIME I met Rakesh Jhunjhunwala was at the turn of the millennium in January 2000, as the global technology bull run was galloping to its heady climax. I was only a young TV anchor in my late twenties and he had already quite a reputation, t
Business Today1 min readSmall Business & Entrepreneurs
A World In churn
In April-June, start-up funding fell on a quarterly as well as yearly basis Start-up funding amount in $ million Figures in brackets indicate number of deals The top five sectors made up around 77 per cent of total funding in April-June 2022 Growth-
Business Today4 min read
For Members Only
MEMBERS ONLY’. TWOWORDS THAT SPELL luxury by virtue of their exclusivity. These are places where you are pampered, indulgence is the norm and your desire for privacy and exclusiveness is given utmost importance. Welcome to the world of private clubs.
Business Today2 min read
‘Identify Businesses You Don’t Want To Be In’
Shriram Housing Finance is one of the fastest-growing affordable housing finance companies in India What was the problem you were grappling with? Shriram Housing Finance was a pan-India affordable housing finance company (HFC). Despite multiple strid
Business Today4 min read
The Buzz Briefings
INVESTMENT FIRM TIGER Global Management and ride-hailing firm Uber have sold stakes in Indian food delivery firm Zomato as the oneyear lock-in period ended on July 23. While Tiger made a partial exit to reduce its holding from 5.11 per cent to 2.77 p

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