28 April 2024

Business Today

For Managing Tomorrow

Business Today1 min read
Port Of Gain
A view of Mundra Port, India’s largest container dock SOURCE: CMIE ECONOMIC OUTLOOK, PIB, REPORTS, INDIAN PORTS ASSOCIATION Rise in cargo traffic in the past three years. In FY24, till February, cargo traffic rose to 744.7 million tonnes Improvement
Business Today2 min readSecurity
Troubleshooting
INDIA IS SEEING A RISE IN CYBERCRIMES AND THE GOVERNMENT IS FOCUSSED ON FIGHTING THIS THREAT. THERE HAS BEEN A SUBSTANTIAL INCREASE IN FUNDING FOR CYBERSECURITY IN THE INTERIM BUDGET 2024, WITH THE FIGURE TOUCHING ₹999 CRORE—NEARLY FIVE TIMES THE BUD
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 Today3 min read
Going Short
MADHABI PURI BUCH, the first woman chief of India’s capital markets regulator, the Securities and Exchange Board of India (Sebi), is not known for pulling punches. If proof was needed of that trait, there was her speech at the CII Corporate Governanc
Business Today1 min read
Same Day Delivery
1 On March 28, a set of 25 stocks went live with the T+0 or same-day settlement cycle for stocks 2 This is a beta launch and a global first, placing the Indian capital markets at the forefront of financial innovation 3 Among the firms that have gone
Business Today3 min read
No Surprises
THE RESERVE BANK of India (RBI), in its maiden Monetary Policy Committee (MPC) meeting of financial year 2024-25, kept the repo rate unchanged at 6.5% as it sought to maintain its focus on strengthening the economy. This is the seventh consecutive po
Business Today2 min read
A Rare Event
IN THE MYSTERIOUS COSMOS of cryptocurrencies, there exists a phenomenon called Bitcoin halving. Picture this: a cosmic dance of miners, investors, and enthusiasts, all eagerly awaiting the rare occurrence that has profound implications for the future
Business Today2 min read
A Crunch In The Cockpit
VISTARA, THE COUNTRY’S third-largest air carrier, hit a snag of “crew unavailability” in the first week of April, forcing the Gurugram-based airline to cancel many domestic flights. The issue, which has been simmering for some time, will have signifi
Business Today1 min read
Flight Risk
Vistara is scaling down operations by 25–30 flights per day from April due to a shortage of crew The airline’s new pay structure has caused discontentment among pilots, but the management claims 98% of them are now on board Earlier in the month, Vist
Business Today4 min read
“Health, Life Insurance Growth Drivers For Us”
PB FINTECH—THE parent company of Policybazaar and Paisabazaar—turned profitable for the first time in Q3FY24. It reported a consolidated net profit of ₹38 crore, compared to a loss of ₹87 crore in the year-ago period and a loss of around ₹20 crore in
Business Today2 min readSmall Business & Entrepreneurs
Mixed Doubles
INDIAN PERSONAL CARE start-up The Good Glamm Group appears to have pulled off a coup, by entering a joint venture with tennis great Serena Williams. The new entity, called Wyn Beauty, aims to capitalise on the growth in the US beauty market. Though t
Business Today11 min read
Picking Up The Paytm Pieces
VIJAY SHEKHAR SHARMA’S digital payments journey has weathered many a storm over the years. Now, the 46-year-old’s situation is akin to rowing a boat constantly springing leaks. Sharma fixes one hole, only for another to spring up. Let’s go back a bit
Business Today1 min read
Rbi Hits Paytm Hard
THE CENTRAL BANK’S ACTION IMPACTED THE PAYTM BRAND MAJOR BANKS AND NBFCs MAY SHY AWAY FROM LENDING AND CREDIT CARD PARTNERSHIPS ADDITIONAL CAPEX REQUIRED FOR DEVICE STRATEGY, MARKETING AND BRANDING TO DRIVE GROWTH AND REGAIN TRUST CHALLENGES REMAIN I
Business Today1 min readFinance & Money Management
What Remains Unaffected: The Focus Areas
1 Loan distribution business in partnership with NBFCs will continue, with plans to onboard more partners 2 Expanding personal loans that offer higher margins and are less prone to defaults 3 Loan collection and recovery business for partners and oth
Business Today2 min readFinance & Money Management
The Loss Of A Bank
Vijay Shekhar Sharma’s One 97 Communications Ltd (OCL)—Paytm’s holding company—has reduced its reliance on Paytm Payments Bank Ltd (PPBL) over the years; yet, significant dependency remained. The Reserve Bank of India’s recent regulatory action, citi
Business Today6 min read
‘‘We Are Not Selling Cars… We Are Selling Dreams”
It is obvious that Stephan Winkelmann, 59, likes India. Its clear growth story can only lead to more demand for the luxury cars. As Chairman & CEO of Italian luxury sports carmaker Automobili Lamborghini, the auto industry veteran runs a company—owne
Business Today2 min read
Luxury Personified In Electronics For The Elite
Tech geeks, Luv Malik and Kush Malik, gifted with the talent to discern 'Luxury' in electronic gadgets, partnered to established 'Luxury Personified' in 2015, New Delhi, to cater to the niche customers' indulgence of possessing top global electronic
Business Today1 min read
Projects Approved
Company Name: Micron Type: ATMP Location: Sanand, Gujarat Project Cost: $2.7 billion (₹22,000 crore) Type of Chips: Memory Industry: Electronics Company: CG Power Type: OSAT Location: Sanand, Gujarat Project Cost: $0.9 billion (₹7,600 crore) Type of
Business Today5 min read
Making Up For Lost Time
BACK IN 1969, when Robert Noyce, having co-founded Intel barely a year ago, visited India to see if he could build a fabrication unit to make integrated circuits, no one had imagined a world dominated by electronics and semiconductor chips, as ICs ar
Business Today5 min read
Bespoke Benefits
DID YOU KNOW that the billionaire capital of Asia also minted the highest number of new billionaires last year? And, according to the 2024 Hurun Global Rich List, it’s not Beijing, Shanghai, Dubai, or Hong Kong. It is, in fact, Mumbai. For the first
Business Today1 min read
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Business Today4 min read
Exponential Growth Beckons
WITH MINIMAL MARKETING and without creating a lot of fuss, assets under management (AUM) of the Indian portfolio management services (PMS) industry has grown 16-fold in the past 15 years. Today, the country’s PMS industry manages ₹32 lakh crore of as
Business Today5 min read
Making The Right Choice
FIRST PERMITTED IN 1993, portfolio management services (PMS) have seen their popularity grow. This is no doubt thanks to the stellar returns their schemes have generated, especially in recent years. These schemes—oriented towards high net-worth indiv
Business Today1 min read
How To Choose The Right Pms
MANAGER EXPERTISE AND FIRM’S REPUTATION: Prioritise experienced fund managers with consistently strong returns INVESTMENT STRATEGY: PMS schemes cater to all (equity, diversified, hybrid)—pick your investment path based on your financial goals KNOW TH
Business Today4 min read
Q&A “ALWAYS BE DATA-DRIVEN WHILE INVESTING”
FIRST GLOBAL, WHICH has grown to become one of India’s leading PMS companies with $600 million (over ₹5,000 crore) of managed assets, both in India and abroad, has delivered over 187% returns to investors as of February 2024 from its India PMS since
Business Today3 min read
Q&A “THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS”
THE DEMAND FOR big-ticket investment options, such as portfolio management services (PMS) or alternative investment funds (AIFs), has grown with the rising number of high net-worth individuals (HNIs). In conversation with Business Today, 53-year-old
Business Today7 min read
Alpha Tale
THE WEALTHY INVESTOR in India has never had it so good. For that, they must thank the robustness and resilience of the country’s financial markets. And their money managers. While not a single portfolio manager catering to the affluent class in India
Business Today1 min read
Money Talks
◯ All the PMS schemes delivered positive returns to investors in the past one year ◯ BSE MidCap and BSE SmallCap indices rallied over 60% each in the past one year till February 2024 ◯ Equity-focussed PMS schemes delivered up to 135% returns to inves
Business Today5 min read
Pms Vs MF The Big Fight
PIYUSH BANSAL, A Delhi-based IT professional working for a multinational firm, has been investing in mutual funds (MFs) since his first job. As his portfolio has grown substantially over the years, Bansal, now 35, is contemplating a shift towards por
Business Today4 min read
Transforming Spaces
Dinner by the lakeside, or sleep in a royal tent, or how about serene calm nature, or maybe a memory wall… or my favourite, tiny lobsters? What are we talking about? Wallpapers—which over the past few years have entered into a new realm of home desig
Business Today2 min read
Tripping With Tech
A tyre with low pressure can be a killjoy on a road trip, especially if the service stations on your route are few and far between. But you can banish this killjoy with this portable tyre inflator that gives you the freedom of dealing with such chall
Business Today3 min read
The Wheel Whisperer
WHILE AUTOMOBILES ARE commonly seen as a means of transport, there exists a select group for whom they embody a fusion of design, prowess, and refinement. Manan Shah, Managing Director of real estate major MICL Group, belongs to the latter category.
Business Today2 min read
The Incoming Disruption
TECHNOLOGY’S IMPACT on business has been there for all of us to see. Even the smartest minds would have not predicted the impact of real-time data or, for that matter, how AI will determine our future. That said, one point needs to be mentioned. A bu
Business Today4 min read
Titans Of Banking
WHILE THE WORLD combats tremendous volatility, the Indian economy remains relatively better-placed than other emerging markets and global economies, but is not entirely insulated from the impact of global headwinds. The health of the financial system
Business Today2 min read
‘‘Don’t Let A Unique Chance Slip By’’
What was the problem you were grappling with? In 1996, Bill Sharpe, a Nobel Prize winner, offered me a job to write the business plan for a fintech company he wanted to start. By then, I had accepted an offer from McKinsey. Choosing to turn down McKi
Business Today2 min read
Paytm’s Existential Crisis
November 8, 2016. The day the Narendra Modi government announced the demonetisation of ₹500 and ₹1,000 notes would be one India’s erstwhile fintech poster boy Vijay Shekhar Sharma, 46, would not forget in a hurry. That move bolstered the digital paym

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