4 February 2024

Business Today

For Managing Tomorrow

Business Today2 min read
A Slice of Global Finance
Over the past 10 years, the Narendra Modi government has been able to push through some key reforms in the financial sector. Chief among them are the Insolvency and Bankruptcy Code, the Pradhan Mantri Jan Dhan Yojana on financial inclusion and, of co
Business Today1 min read
Business Today
Chairman & Editor-in-Chief: Aroon Purie Vice Chairperson & Executive Editor-in-Chief: 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
Foreign Returns
Foreign tourists visit the Amer Fort in Jaipur DATA TILL OCTOBER 2023 SOURCE CMIE, UNION BUDGET 2023-24; VISION 2047: INDIA HOTEL INDUSTRY No. of foreign tourists who arrived in India in January-October 2023 compared to 4.5 million a year ago Expecte
Business Today3 min read
Temple Boom
AS THE INAUGURATION of the Ram Temple nears, businesses have found a new destination for their investments—Ayodhya in eastern Uttar Pradesh. The town on the banks of the Sarayu River is buzzing with industry, as both private enterprises and governmen
Business Today1 min read
Fiscally Fit
INDIA’S GDP GROWTH PROJECTION FOR 2024—HIGHER THAN INDONESIA (5%) AND CHINA (4.5%), AS PER STANCHART LIKELY QUARTERLY INFLATION FOR THE NEXT FIVE QUARTERS, ACCORDING TO CMIE ECONOMIC OUTLOOK TOTAL GST COLLECTIONS IN 2023, WHICH IS NEARLY 12 PER CENT
Business Today2 min read
Gujarat The Growth Engine Of The Nation
Vibrant Gujarat Global Summit, conceptualized in 2003 under the visionary leadership of Shri Narendra Modi, Hon'ble Prime Minister of India (the then Hon'ble Chief Minister of Gujarat), has today evolved as one of the most reputed global forums for b
Business Today2 min readInternational Relations
Trade Gains
THE GOVERNMENT IS keen on concluding negotiations for at least three free trade agreements (FTAs) in the next two months to ensure they materialise into conclusive deals before the General Elections later this year. Official sources say India’s comme
Business Today2 min read
Warm Vibes
THE EXTREME COLD affecting several parts of India has caused a twofold jump in demand for room heaters across sales channels. Demand for high-capacity geysers (15 litres or more) has also surged considerably. The room heater market in India—valued at
Business Today3 min read
In Sebi’s Court
A LITTLE UNDER one year. That’s the time it took for the Adani-Hindenburg matter to reach its conclusion in the Supreme Court—from January 24, 2023, the day the US-based short-seller Hindenburg Research released a report accusing the Indian conglomer
Business Today3 min read
Choppy Waters
SOON AFTER MALDIVIAN politician Zahid Rameez triggered a controversy by mocking the beaches of Lakshadweep on January 5—in the wake of Prime Minister Narendra Modi’s visit there—all hell broke loose on the internet. The hashtag #BoycottMaldives was t
Business Today1 min read
The Backlash
▸ Maldivian politician Zahid Rameez triggered a controversy by mocking Lakshadweep on January 5 ▸ It led to social media outburst with #BoycottMaldives trending in India ▸ Travel companies say it has sparked a big shift in Indians’ holiday plans to t
Business Today3 min read
Poised for Growth
LARGE-CAPS MAY TAKE the lead in 2024 after the outperformance of the small- and mid-cap stocks in 2023. This is how, most market watchers believe, the stock market will perform in 2024. Analysts say there are many green shoots in the economy in the f
Business Today2 min read
Chips Rise
PRIME MINISTER NARENDRA Modi’s vision of making India a semiconductor hub will be a major economic driver, said Sanjay Mehrotra, CEO of US-based chipmaker Micron, at the recently concluded Vibrant Gujarat Global Summit. Micron is putting up an assemb
Business Today2 min readIntelligence (AI) & Semantics
Celebrating AI
AT CES 2024, the most-awaited consumer technology show of the year, artificial intelligence (AI) was everywhere. From major tech conglomerates to numerous innovative start-ups, all those who congregated at the Las Vegas event had AI on their lips. Ta
Business Today3 min read
Adaniconnex: Tapping Into Data Center Growth
The Adani Group joined hands with the leading global data center operator EdgeConneX to set up data centers in India. Supported by the team from EdgeConneX and their more than a decade of experience in building a global platform of data centers for s
Business Today1 min read
The Project
1 GIFT City is conceptualised on the lines of the international financial services centres in Singapore and Dubai 2 It was started as an initiative of the Gujarat government, and now it’s being helmed by the Government of India 3 The project has gain
Business Today1 min read
Snapshot Of Businesses
▸ Tax incentives and easier regulations are attracting businesses to set up operations in GIFT City ▸ In recent months, LIC and Paytm have also announced plans to set up offices in the city SOURCE IFSCA BULLETIN JULY-SEPTEMBER 2023 • IFSC banking uni
Business Today10 min read
Capital Gateway
“WE ENJOY WORKING here and it’s largely no different from working in Delhi or Mumbai. But we wish the social life were a little better. There’s not much to do after work,” say Niharika and Seema (names changed on request) who are walking down for lun
Business Today1 min read
With A Bow On Top
First proposed by then Gujarat CM Narendra Modi as an international financial centre (IFC) The Government of India notifies India’s first IFSC A unified regulator set up for IFSC through the IFSC Authority Act, 2019 IFSCA operationalised as the regul
Business Today3 min read
“Gift City Can Become A Global Financial Destination”
Seasoned bureaucrat K. RAJARAMAN, who was earlier Telecom Secretary, took charge as Chairperson of International Financial Services Centres Authority (IFSCA)—tasked with regulating and developing international financial services centres (IFSCs) in In
Business Today5 min read
Leaders Convene at IIM Nagpur’s Zero Mile Samvad to Forge India’s Economic Growth Trajectory
PRESENTED BY MEDIA PARTNER The Indian Institute of Management Nagpur hosted 'Zero Mile Samvad; a platform for interaction among students, alumni, and industry leaders. The event aimed to bridge the gap between the classroom and the real world by prov
Business Today1 min read
Econometrics
▸ GDP growth has been higher than anticipated in FY23 and FY24 ▸ Economic growth is likely to slow down in FY25 *FIRST ADVANCE ESTIMATES SOURCE CAREEDGE RATINGS ▸ The Centre is likely to maintain its fiscal discipline in FY25 ▸ However, fiscal defici
Business Today5 min read
Balancing The Budget
AS THE MONTH of February draws closer, there is always anticipation about what the Union Budget will bring. Despite this being an Interim Budget, the anticipation is higher this year as voters are hoping that a few goodies will be announced ahead of
Business Today1 min read
Great Expectations From Interim Budget
DECISION ON NEW PENSION SCHEME FOR GOVERNMENT EMPLOYEES SUPPORT FOR RURAL HOUSEHOLDS, HIGHER MGNREGA ALLOCATIONS DIRECT TAX RELIEF FOR INDIVIDUALS RUMBLINGS FOR THE 8TH PAY COMMISSION BOOST TO MAKE IN INDIA, PLI, EASE OF DOING BUSINESS ■
Business Today9 min read
Rejuvenating Dabur
ON APRIL 1, 2019, when Mohit Malhotra got the corner office at Dabur India’s headquarters in Ghaziabad, Uttar Pradesh, the company’s top line had been flat for three years, and the new CEO would soon have to sign off on lacklustre numbers for the yea
Business Today4 min read
“Gdp Growth For Fy24 Will Be Close To 7 Per Cent”
SANJEEV SANYAL wears many hats. Economist, historian, best-selling author—he dabbles in many things. But it is the hat he wears as Member of the Economic Advisory Council to the Prime Minister that is most crucial in the current context. “We are macr
Business Today1 min read
The Big Reboot
▸ Mohit Burman-led Dabur has launched a new growth strategy with its power brands to put the company on a sustained growth path ▸ Dabur’s top-line growth since Mohit Malhotra took over as CEO has improved to 8 per cent CAGR and boosted its sales to ₹
Business Today3 min read
“Power Brands Will Boost Growth”
AFTER A PERIOD of subdued growth, FMCG major Dabur India saw its top line growing after the pandemic. But as global economic uncertainties loom large on the horizon and competition intensifies in the domestic market, Mohit Burman, Chairman of Dabur I
Business Today8 min read
Captives Take Centre Stage
AT ASTRAZENECA’S GLOBAL Innovation and Technology Centre in Chennai, when you strap on a virtual reality (VR) headset and turn on their XR (AR/VR) tech set-up, you are transplanted into an interactive digital replica of the Covid-19 vaccine maker’s d
Business Today1 min read
The Gcc rush
DESPITE TRADITIONAL IT SERVICES OUTSOURCING FIRMS SCALING BACK ON HIRING, GCCs ARE ESTIMATED TO HAVE ADDED A NET 364,000 NEW JOBS IN 2023 STARTED ORIGINALLY AS COST-EFFICIENT BACK-OFFICES FOR MNCs, GCCs IN INDIA ARE TRANSITIONING INTO IN-HOUSE TECH,
Business Today1 min read
Hiring Engine
TOTAL NUMBER OF GCCs IN INDIA AS OF JUNE 2023, PER THE NASSCOM-ZINNOV GCC REPORT. IT IS AN EXPANDING SEGMENT AS THERE ARE 10,000 GLOBAL ENTERPRISES OF GCCs GLOBALLY ARE IN INDIA, MAKING IT THE WORLD’S GCC CAPITAL PROFESSIONALS EMPLOYED BY THE GCCs TI
Business Today8 min read
Burning rubber
FIFTEEN YEARS AGO, a wave of change swept through the corridors of CEAT’s artsy head office in Mumbai’s Worli, transforming the brand’s identity. The iconic rhino mascot—a faithful companion for nearly 50 years—and the company’s tagline “Born Tough”
Business Today1 min read
In Depth Knowledge From The Most Credible Source
Please tick your subscription choice and send the form to: We Care, Living Media India Limited, C-9, Sector 10, Noida-201301 (India) FOR MORE DETAILS ON THE OFFER, YOU MAY CONTACT THROUGH BELOW OPTIONS Living Media India Ltd. reserves the right to te
Business Today2 min read
Savera Engineering Dawn Of A New Sector In Indian Manufacturing History
Savera Engineering founded by Mr Pritish Chatterjee and MrAtul Save (Cabinet Minister Housing and OBC, Government of Maharashtra), started in 1992 with manufacturing of parts for Videocon and Bajaj Auto. They then expanded their units in Ranjangaon,
Business Today2 min read
Storming The Fenestration Market With Koemmerling
Farid Khan is setting up new benchmarks in quality, product development and services for the fenestration market at par with international standards. He has established a strong presence for "Koemmerling" brand in India. In 2017, he ventured into alu
Business Today3 min read
Maxing India’s Snacking Habits!
A first-generation entrepreneur, Mr. Jijy Mathew started his career as a Junior Engineer. Moving to the Middle East in 1998 and working with the Food Processing and Packaging Machinery major, Ishida Europe Ltd. as a Technical Support Engineer is what
Business Today2 min readLeadership
VINET KUUMAR & THE POWER OF THOUGHTFUL, VERSATILE IT SOLUTIONS
Founded in January 2014 by Vinet Kuumar, ThoughtSol is emerging as a prominent, youthful, and dynamic IT services and solutions company that focuses on empowering businesses with digital transformation. They offer a complete range of services includi
Business Today1 min read
Read Credible, Exclusive, And Insightful Business Stories
Please tick your subscription choice and send the form to: We Care, Living Media India Limited, C-9, Sector 10, Noida-201301 (India) SCAN HERE TO SUBSCRIBE FOR MORE DETAILS ON THE OFFER, YOU MAY CONTACT THROUGH BELOW OPTIONS Living Media India Ltd. r
Business Today1 min read
What’s Happened
DECEMBER GOVERNMENT APPROVES A SEMICONDUCTOR AND DISPLAY FAB SCHEME WORTH ₹76,000 CRORE FEBRUARY FIRST ROUND OF APPLICATIONS CLOSE; CENTRE RECEIVES TWO DISPLAY AND THREE SILICON FAB APPLICATIONS, INCLUDING THE VEDANTA-FOXCONN JV OCTOBER MEITY REVISES
Business Today7 min read
Playing The Long Game
A MONTH AFTER Prime Minister Narendra Modi’s state visit to the US in June 2023—when semiconductor major Micron announced plans to invest in India—he inaugurated the second edition of the annual Semicon India summit in Gandhinagar, Gujarat. Since it
Business Today1 min read
The Indian Semiconductor Mission
STATES LIKE GUJARAT, UTTAR PRADESH AND ODISHA HAVE ANNOUNCED SEMICONDUCTOR POLICIES $2.75 BILLION-WORTH MICRON ATMP FACILITY ANNOUNCED AND APPROVED APPLIED MATERIALS TO BUILD A COLLABORATIVE ENGINEERING CENTRE IN BENGALURU WITH AN INVESTMENT OF $400
Business Today1 min read
Conglomerate Forays
Teamed up with Foxconn to apply for chip fab. JV split in July 2023, and Vedanta is scouting for tech partner Subsidiary Tarq Semiconductors has submitted revised proposals for ATMP facility and a compound semiconductor unit Plans to set up a subsidi
Business Today1 min read
India Vs The Us
1 The US has a long history of chip manufacturing and when the US government introduced CHIPS Act, all leading players committed to expansion 2 The US is also close to the customer. Fabs also have local demand from fabless companies like Qualcomm, NV
Business Today1 min read
Zero-cost: The Terms
▸ Long lock-in: Stuck with longer policies (25+ years) to get the refund, limiting flexibility ▸ Early exit penalties: Surrendering early means losing death benefits and facing deductions ▸ Missed investment opportunities: Your money could grow elsew
Business Today5 min read
Zero-cost At What Cost?
ARE YOU WARY of the ‘use-it-or-lose-it’ nature of pure term insurance plans? Intrigued by an insurance plan that promises to refund every premium you’ve ever paid? Enter the zero-cost term insurance plan. Since it was launched in 2022, many companies
Business Today3 min read
Love Art Will Travel
At the dawn of 2024, with the pandemic and the ensuing lockdown seeming rather distant, more and more people are turning to art to clean their souls, as said by Picasso. Of course, cleaning souls is easier when you are a millionaire. According to the
Business Today2 min readCorporate Finance
‘‘Hunker Down and Play For The Long Term’’
Games24x7 is one of India’s biggest online gaming companies What was the problem you were grappling with? In 2020, multiple states banned online games of skill. Within a few months, we lost over 50 per cent of our business. This was also a time when

Business Today

More Issues From Business Today