7 January 2024

Business Today

For Managing Tomorrow

Business Today2 min read
Snapdeal’s Shot at Survival
If there was an award for the most number of pivots, twists and turns in strategy, e-commerce firm Snapdeal, founded by the duo of Kunal Bahl and Rohit Bansal, would qualify hands down. Starting out as a discount coupon venture back in 2007, Snapdeal
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 Operating Officer: Alok Nair Editor: Sourav Majumdar Group Creative
Business Today1 min read
Bridging The Divide
SOURCE MMRDA, PIB, MEDIA REPORTS The likely boost Maharashtra’s GSDP will get from this and associated projects; it is estimated to add 1 per cent to India’s GDP Total amount (estimated) spent on the construction of the road bridge that will be used
Business Today1 min readInvestments & Securities
Many Happy Returns
DESPITE VOLATILITY IN THE MARKET, EQUITIES, GOLD AND SILVER HAVE DELIVERED LUCRATIVE RETURNS TO INVESTORS IN 2023 DATA TILL DECEMBER 11, 2023; FD RATE IS THE INDUSTRY AVERAGE FOR 2023 SOURCE CMIE, ACE EQUITY, INVESTING, MCX AVERAGE RETURNS OF PSU THE
Business Today4 min read
Forging Dreams of a Rising Global India
A resounding testament to resilient public-private partnerships, collaborative co-creation, and a thriving ecosystem that fosters ease of doing business can be witnessed in the presence of Hitachi in India. For over nine decades, Hitachi has stood as
Business Today3 min read
Whatever It Takes
▶ THERE COULD BE no starker reminder that the good times of 2021 have come to an end than edtech major Byju’s Founder Byju Raveendran pledging his assets, including an under-construction villa and family homes valued at around ₹100 crore. The beleagu
Business Today3 min read
A Careful Approach
▶ THE RESERVE BANK of India (RBI) has found that cooperative banks are regularly flouting norms related to ‘loans and advances to directors, their relatives, and firms/concerns in which they are interested’. While instances of such lending are not pr
Business Today1 min readFinance & Money Management
Unending Woes
1 The $1.2-billion Term Loan B Byju’s borrowed from lenders abroad was primarily used to fund acquisitions 2 At the peak of its acquisition spree in 2020-21, the edtech major spent about $3 billion across 13 deals 3 It is hoping that the sales of sub
Business Today3 min read
After the Cyclone
▶ SEVERAL THOUSAND CRORES and counting. That’s the feared business impact of Cyclone Michaung and the destruction it has left in its wake in Chennai, India’s fourth largest city and a crucial business centre. As the cyclone made its way to Andhra Pra
Business Today3 min read
Marching North
▶ AFTER GLOBAL HOSPITAL chain Aster DM Healthcare separated its India and GCC (Gulf Co-operation Council) businesses, it is looking to double down on the Indian market and plans now to expand into the north Indian market. The hospital chain’s presenc
Business Today2 min read
Rebound, Finally
▶ AFTER A DULL phase of nearly two years, it seems Bollywood got back its mojo in 2023. Multiplexes are witnessing increased footfalls as Hindi films such as Pathaan, Gadar 2, Jawan and Animal, among others, have finally succeeded in attracting audie
Business Today3 min read
ADVANCED TECHNOLOGY & SUSTAINABLE ENERGY GENERATION: ROBOTICS TO POWER SOLAR OPERATIONS
In an effort to mitigate the effects of climate change, countries across the globe are adopting and investing in sustainable practices. Most nations have set ambitious, timebound targets for renewable energy capacity and are working towards achieving
Business Today9 min readCorporate Finance
Snapdeal’s Final Pivot
AFTER A PROLONGED hiatus from the limelight following the dramatic collapse of a merger with rival Flipkart and the subsequent unveiling of the ‘2.0 journey’ in 2017, Snapdeal was back in the spotlight in 2021 with a surprising announcement. It said
Business Today1 min read
Pain Points
→ After Snapdeal’s shift in focus to value commerce, its revenue is less than half its pre-pivot levels → It is looking at minimal marketing spends, as opposed to market leaders’ aggressive stance → Plus, the value market is attracting new entrants,
Business Today9 min read
‘‘I Know Where All the Skeletons Are Hidden In The Market”
Madhabi Puri Buch, 57, the first woman Chairperson of the Securities and Exchange Board of India (Sebi), has completed a little over two years at the capital markets regulator. Buch is the second non-bureaucrat in about two decades to head Sebi. In a
Business Today3 min read
Setting the Momentum to Achieve High Goals in Work & Life
Seema Kumar is truly an epitome of women power with excellence writ large on her visage. She grew up in a stimulating ambience of a cademic excellence where her father served as a professor and Head of the Department of Mathematics of a Post Graduate
Business Today6 min readDiet & Nutrition
Getting In shape
INDIAN PHARMACEUTICAL COMPANIES are hungry for the next frontier: drugs to fight obesity, a condition that has become the biggest worry for the urban well-off as they gorge on calorie-dense food (read: junk and fast food) and lead unhealthy lifestyle
Business Today1 min readDiet & Nutrition
The Big Shots
1 There is a massive demand for expensive weight-loss drugs like Ozempic in India as people get more health conscious 2 The weight management market in India is likely to grow to ₹2,763 crore by 2028 from ₹1,514 crore in 2022, according to market res
Business Today1 min read
India’s Anti-obesity Drug Market
Despite the market’s single-digit growth since 2019, the launch of semaglutide (Rybelsus, the oral form of Ozempic) in January 2022 was a game changer The quick surge in demand may not be proportional with the increase in cases, but it may indicate a
Business Today1 min readDiet & Nutrition
Fighting The Flab
It works by decreasing the amount of dietary fat absorbed in the intestine • Brand names Xenical, Orlistat, Alli• Manufacturers Various generic pharma companies• Cost ₹85 for 30 capsules (generic); ₹3,900 for 84 capsules (branded) Originally develope
Business Today9 min read
There’s No Free Lunch
EVERYBODY LOVES A gift. That’s the basic principle for businesses looking to build a customer base or entice existing customers into spending more. And it also holds true for elections in India, where political parties go all out to bring in votes by
Business Today1 min readPolitical Ideologies
On Offer: A Reading Of Poll Promises
Both the Congress and the BJP had announced a slew of incentives for voters in the state polls Issues on the table for the 2024 General Elections include the review of NPS and extension of the free food grain scheme SOURCE PARTY MANIFESTOS AND NEWS R
Business Today1 min read
Spend Trend
In FY24, 11 states are estimated to have revenue deficits at the Budget Estimate (BE) stage In FY23, revenue expenditure was at 83 per cent of total expenditure, while the rest was capital expenditure 53 per cent of revenue receipts were spent on int
Business Today11 min readFinance & Money Management
The Financial Inclusion Challenge
RECENTLY IN CHHATTISGARH, a Business Correspondent’s (BC) team faced a situation straight out of a Bollywood movie: a sprint for survival in a remote district—not from Maoists, but from a hostile tribal community wielding knives. After a two-hour-lon
Business Today1 min readFinance & Money Management
The Big Gaps
CREDIT PENETRATION IS VERY LOW IN THE COUNTRY, AND CONCENTRATED IN THE TOP 10 STATES THE EASTERN, CENTRAL, AND NORTHEASTERN REGIONS HAVE LAGGED IN CREDIT FOR DECADES DESPITE THE PRADHAN MANTRI JAN DHAN YOJANA, RURAL AND SEMI-URBAN AREAS STILL HAVE A
Business Today1 min readFinance & Money Management
Giving Credit
Despite low-cost deposits, MFIs that have transformed into SFBs are not a force to reckon with Banks are also staying away from directly giving out micro-loans, and lend mostly via MFIs and SHGs SOURCE MFIN MICROMETER, EQIFAX FIGURES ARE SHARE OF TOT
Business Today7 min readFinance & Money Management
Diminishing Returns
DINING AT AIRPORTS can be a seriously pricey affair. A simple vada pav—that costs around ₹50 in an average outlet outside an airport—could potentially be found being sold at five times that price at ₹250 inside airports. If you decide to get it on th
Business Today1 min readFinance & Money Management
Difficult Decisions
1 CREDIT CARD ISSUERS ARE CUTTING PERKS DUE TO MARGIN PRESSURE 2 DIGITAL LOANS ARE INCREASINGLY BEING USED TO PAY CREDIT CARD OUTSTANDING DUES 3 A DECREASE IN REVOLVER RATES IS IMPACTING THE PROFITABILITY OF CREDIT CARD PROVIDERS 4 CREDIT CARD DEFAUL
Business Today1 min read
The Devaluation Race
Credit card providers have taken away the perk of lounge access on some cards as costs escalate Many providers have recently increased the annual fees or enhanced the spending limit required to avail of certain benefits on some credit cards NOTE THI
Business Today2 min read
Making Of A Big Energy League
India has to fulfil its commitments to cut emission intensity by 45 per cent by 2030, eventually paving the way for achieving the long-term goal of reaching net zero by 2070. And to strengthen the foundation, Union minister for power, an and renewabl
Business Today1 min read
Workers Are The Key
How many Indian companies can claim to have increased their manufacturing capacity 20-fold, or have Rs 50,000 crore in cash reserves? R. C. Bhargava says it’s only because of internal resource generation and the frugality of management. He feels Japa
Business Today2 min read
Lessons In Adventure
VARUN GUPTA, 33, travels frequently for work. But the Co-founder of home-grown wearables brand Boult makes it a point to also plan for weekend getaways during work trips—whether he is in Europe, the US or China. Of all the places he has explored till
Business Today1 min readInternational Relations
The Future of a Valued Partnership
The Japanese ambassador to India, Hiroshi Suzuki, shared his thoughts on Japan’s special partnership with India, stating that the relations between the two countries are based on three pillars—political and security, economic and cultural and people-
Business Today2 min read
Beyond The Countdown
The idea of coming face to face with one of nature’s most agile predators may not be everyone’s idea of a New Year celebration but make ‘overcoming your fears’ your New Year resolution and jump in. To be honest, swimming with sharks is actually much
Business Today4 min read
Blazing The Trail
MUMBAI’S TAJ LANDS END witnessed an eclectic mix of trailblazing women from fields as varied as pharma, entertainment start-ups, finance and manufacturing, being felicitated at the 20th edition of the Business Today Most Powerful Women in Business Aw
Business Today1 min read
‘‘Listen to Understand, Not Just To Respond’’
What was the problem you were grappling with? Working together as a team and fostering close relationships among employees has always been important to me. But there was a time when I hit a wall with a colleague. We just weren’t in sync. Despite agre

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