20 August 2023

Business Today

For Managing Tomorrow

Business Today2 min read
Rebuilding Adani Group
If there is one quality about Gautam Adani that those who know him agree on, it is that he is a fighter. The 61-year-old Adani’s ability to take adversity head-on has been in ample evidence over the past few months. Ever since a report in January by
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 Today2 min read
Capital Charge
THE BSE CAPITAL GOODS INDEX CLIMBED 48 PER CENT IN THE PAST YEAR COMPARED TO THE BSE SENSEX’S 23 PER CENT GAIN Data has been indexed to 100; Source ACE Equity THE SHARE OF CAPITAL EXPENDITURE IN THE UNION BUDGET HAS ALMOST DOUBLED IN THE PAST 10 YEAR
Business Today1 min read
Curried
DATA AS OF JULY 27, 2023; SOURCE CMIE ECONOMIC OUTLOOK Food inflation in June 2023, compared with less than 3 per cent in May, thanks to the uneven march of the monsoon The surge in the retail price of tomatoes to ₹122 per kg in 2023. The increase wa
Business Today4 min read
Guarded Optimism
▶ INDIA REPORTED higher-than-expected GDP growth of 7.2 per cent in FY23. The International Monetary Fund too has upgraded India’s GDP growth forecast for FY24 to 6.1 per cent from 5.9 per cent earlier. But if you thought that the economy could look
Business Today3 min read
Division Boost
▶ SALT-TO-CIGARETTES MAJOR ITC Ltd is spinning off its hotels division—after nurturing it for over two decades—into a separate company in an effort to accelerate its growth and improve resource allocation. The company’s board has given its in-princip
Business Today3 min readFinance & Money Management
Challenges Aplenty
▶ NPCI INTERNATIONAL PAYMENTS Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), has left no stone unturned in its quest to make the Unified Payments Interface (UPI) a global solution. These efforts appear to
Business Today1 min read
Room For Growth
▸ As part of the proposed demerger, ITC will hold 40 per cent in ITC Hotels Ltd while other shareholders will own the rest 60 per cent ▸ Upon its listing on the exchange(s), the demerged ITC Hotels will become the country’s second-largest hotel chain
Business Today2 min read
Specialised Play
▶ BENGALURU-BASED healthcare investment platform Asia Healthcare Holdings (AHH) is planning to double its investments in the single specialty healthcare businesses to $400-500 million in the next five years. Backed by private equity fund TPG Growth a
Business Today2 min read
A Powerful Sibling
▶ MUKESH AMBANI-LED RELIANCE INDUSTRIES Ltd’s demerged entity Jio Financial Services, formerly Reliance Strategic Investments, will be the third-biggest non-banking financial company after the Bajaj Twins—Bajaj Finance and Bajaj Finserv—after its lis
Business Today2 min readCrime & Violence
Regulating Big Tech
▶ INDUSTRY AND EXPERTS are eagerly awaiting the report of a high-level panel set up to look into the digital competition law. The panel is expected to submit the report in August, and a Bill will be drafted based on this. With this, India will be one
Business Today2 min read
Charging Ahead
▶ TATA SONS-CONTROLLED TATA Motors continues to show its commitment towards electric mobility, especially after its luxury arm Jaguar Land Rover (JLR) Automotive announced that its Halewood, Liverpool plant will become an all-electric vehicle product
Business Today8 min read
After The Storm
GAUTAM ADANI, 61, loves business jargon. Just a few months ago, the billionaire, caught in the cross hairs of the US-based short-seller Hindenburg Research, stumbled upon a new term, ‘permacrisis’. The term, which refers to a prolonged period of unce
Business Today1 min read
Let’s Mine Lithium
Heavily dependent on imports, the discovery of lithium reserves in India has been looked upon as a big boost for India’s developing EV space. Now, even the government has started moving on the policy front, with the Cabinet giving its nod to amend th
Business Today1 min readInvestments & Securities
The Big Deleveraging
PROMOTERS SOLD SHARES IN THE SECONDARY MARKET TO PE FIRM GQG PARTNERS PREPAYMENT OF DEBT TAKEN FOR THE AMBUJA CEMENTS ACQUISITION DEBT SERVICE COVERAGE RATIO, UP FROM THE 1.47x IN FY22 (A MINIMUM OF 1.5-2.0 TIMES IS IDEAL) PREPAYMENT OF MARGIN-LINKED
Business Today8 min read
‘Time To Go Full Throttle’
IN THE WORLD of finance, some may argue that Rajiv Jain, Chairman and Chief Investment Officer (CIO) of GQG Partners, is playing with fire. But this Fort Lauderdale, Florida-headquartered private equity firm has found its special sauce with its succe
Business Today1 min read
What Hasn’t Changed
No credit agency, in India or abroad, cut any of the portfolio companies’ ratings, but some did change the outlook Bank credit lines opened for new debt; raised close to ₹20,000 crore so far; $750 million credit line under discussion No jumping the s
Business Today1 min read
Cautious Approach
DB deal to acquire 1,200 MW power plants in Chhattisgarh for ₹1,200 crore was not pursued The group has also scrapped the Macquire deal to acquire toll road projects in Andhra Pradesh and Gujarat for ₹3,110 crore Adani Power Maharashtra terminated an
Business Today3 min read
Fintech And Platform Innovation Explained, Odessa Style
At Odessa, we serve the Asset Finance industry with our market leading product and are harnessing the immense potential fintech holds. I have been a part of Odessa since 2014, and over the years have worked with the founding team, business leaders, a
Business Today2 min read
Mukhyamantri Seekho-Kamao Yojana: Skilling the Youth for Prosperous Madhya Pradesh
The 'Mukhyamantri Seekho-Kamao Yojana (MMSKY)' is uniquely designed to bridge the gap between skilled youth and manpower requirement in industries. Hon’ble CM Shivraj Singh Chouhan launched this scheme, encouraging the youth to equip themselves with
Business Today10 min read
Rush hour
“HELLO MADAM, WHAT is your drop location?” “Koramangala.” Ride cancelled. “Hello madam, cash or online payment?” “Online.” Ride cancelled. “This is my struggle every day now; spending over an hour having these awkward conversations with at least half
Business Today8 min read
Ready For Lift-off
Two days after the country launched its Chandrayaan-3 mission to explore the lunar surface, the GST Council, in a surprise announcement, exempted private launch service companies from paying GST if they launched satellites into space using their laun
Business Today8 min readIntelligence (AI) & Semantics
‘It Is In India’s Own Interest to Keep The Data Flows Open’
This is the age of artificial intelligence (AI). And one of the biggest questions the world is grappling with is how AI should be regulated. Then there’s social media, which humankind can’t seem to have enough of. And the behemoth that is straddling
Business Today7 min readSecurity
Cloud Under Fire
ONE OF INDIA’S largest hospitals, the All India Institute of Medical Sciences (AIIMS) in New Delhi, was hit by a ransomware attack in November 2022. The attack cut off access to approximately 1.3 terabytes of data and impacted the hospital’s electron
Business Today1 min read
$8 Billion
The current size of the Indian space market, which has grown at a CAGR of 4 per cent in the past few years compared to 2 per cent globally, as per a report by global consultancy Arthur D. Little ■
Business Today1 min read
India’s Space Odyssey
The CCS cleared the Indian Space Policy 2023 in April to facilitate, stimulate and develop a flourishing commercial presence in the global space market India also joined the Artemis Accords, an international commitment led by the US, to return humans
Business Today2 min read
Moonshot
The millions of TV, laptop and smartphone screens across India that are usually airing news, entertainment or cricket matches, were unexpectedly tuned in to watch the launch of the Chandrayaan-3 lunar mission on July 14. Meanwhile, in restaurants acr
Business Today1 min read
In Good Health
Demand for pain management and muscle relaxants surged due to post-Covid-19 stress and anxiety after lack of physical activity during the lockdowns Lingering symptoms of Covid-19, such as body aches and fatigue, have also led people to seek relief th
Business Today1 min read
The Space Ecosystem
Nations operating in space in 2023 91 5% rise year-on-year (YoY) Size of the global space economy in 2020 $469 BILLION 9% increase YoY Commercial space revenue in 2021 $362 BILLION 6% increase YoY Global govt space programme spending in 2021 $107 BIL
Business Today1 min read
TO THE MOON & BACK
In June, India became the 27th signatory to the Artemis Accords; expect further dialogue and agreements to establish a comprehensive and inclusive framework for space exploration Increased technological collaboration between India and the US to help
Business Today7 min read
Relief Rally
FOR BHARAT BHUSHAN Mehta, an avid tennis and badminton player even at 79, disaster struck during a tennis match about two years ago when the Covid-19 pandemic was on the wane. Attempting a smash, he sprained his shoulder badly. Mehta, who lived for t
Business Today7 min read
Size Does Matter
‘SMALL IS BEAUTIFUL’ or ‘the bigger the better’—which one do you think has the best value? Now, imagine the possibility of purchasing a product that has grown to a very large size but still centres around things that are deemed small. That’s the real
Business Today1 min read
The Plot Thickens
1 DTH leader Tata Play posted a net loss of ₹105 crore for the financial year ended March 2023 as opposed to a net profit of ₹69 crore in the previous fiscal 2 As the company looks to enter the OTT aggregation segment with Tata Play Binge, sceptics w
Business Today7 min read
Switching Channels
‘TATA SKY-ISKO laga dala, toh life jinga la la.’ (Once you get Tata Sky, your life is on the right track). This popular jingle from an old Tata Sky ad was crucial in powering the direct-to-home (DTH) broadcaster to pole position in the DTH space. Whi
Business Today4 min readDiet & Nutrition
Dial H for Healthy Food
IF THERE is one question that irritates 34-year-old Seema Bhatia, a Gurugram-based management consultant, more than anything else in the world, it is her house help asking her every morning, “Aaj khane mein kya banega? (What should I cook for you tod
Business Today5 min read
Travel Abroad Tax-free
WANT TO TRAVEL ABROAD? What if you have to shell out a few lakhs more upfront? Well, guess what, that’s just what you may have to do if you wish to travel abroad in a few months. This is a result of the increase in tax collected at source (TCS) on so
Business Today3 min read
Pocket Pilot
WHAT HAS BEEN the best thing since sliced bread? For most of us who move around a lot, it is Google Maps. But there are times when the app directs you to nowhere as up-to-date data isn’t available. If you’re looking for alternatives, fret not. Here a
Business Today1 min read
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Business Today2 min read
Understated Brilliance
When looking to buy an ultra-business premium yet lightweight laptop, many are torn between Apple’s MacBook Pro and the HP Spectre x360. Now, add one more from HP to the mix—the Dragonfly G4. The magnesium and aluminium finish, and the rounded corner
Business Today1 min read
‘Spend Time, Effort To Build The Right Team’
GAURI SHANKAR NAGABHUSHANAM CEO, INDIA BUSINESS PARKS | CAPITALAND INVESTMENT LTD CapitaLand Investment Ltd is a Singapore-based global real estate investment manager What was the problem you were grappling with? In 2013, while I was working with Asc

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