3 April 2022

Business Today

For Managing Tomorrow

Business Today1 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 Today2 min read
Future Ready Employer Brands
The way we work must rank among the most important aspects of human life that have changed irrevocably after the Covid-19 pandemic. While companies and their employees initially grappled with the work-from-home challenge, and then came to terms with
Business Today1 min readInternational Relations
Arms And The World
The amount in sales made by the world’s top 100 arms companies in 2020 worth of arms sold by US-based Lockheed Martin in 2020, more than Lithuania’s Amount spent by the US on its military in 2020, more than 10x Expenditure made by Russia on its milit
Business Today1 min read
Medical Miracle
The National Medical Commission has said that foreign medical graduates with incomplete internships due to “compelling situations” beyond their control, such as the Covid-19 pandemic and war, are eligible to complete their internships in India withou
Business Today1 min read
Stately Affairs
UTTAR PRADESH, PUNJAB, UTTARAKHAND, MANIPUR AND GOA WENT TO THE POLLS RECENTLY. HERE’S A LOOK AT WHERE THESE STATES STAND IN TERMS OF KEY MACROECONOMIC DATA. Gross State Domestic Product* Figures in ₹ lakh crore; *Constant prices; Base price: 2011-12
Business Today1 min read
Metaverse Beckons
The global metaverse revenue opportunity could approach $800 billion in 2024, and Indian IT companies are piling on to it. Infosys introduced a metaverse foundry with over 100 ready-to-use cases and templates to ease enterprises’ exploration of the m
Business Today1 min read
FMCG on Fire
THE ONGOING war in Ukraine and the consequent supply disruptions have left no room for cooling off in the already heated up daily essentials market in India. While prices of key household items such as soaps, detergents and edible oils are already on
Business Today1 min read
Game On
India’s multiplex chains seem to be looking at gaming as a saviour in tough times. After PVR tied up with NODWIN Gaming to create in-cinema Esports live tournaments, the second-largest multiplex chain INOX Leisure has also jumped in. It has tied up w
Business Today1 min read
₹3,360
CRORE WAGE PAYMENTS PENDING TO MGNREGA WORKERS IN JANUARY 2022, WITH THE LARGEST PENDING PAYMENTS BEING IN WEST BENGAL, UTTAR PRADESH AND RAJASTHAN ■
Business Today1 min read
No IPO Insurance
The road ahead for LIC’s IPO is getting bumpier. The Russia-Ukraine conflict shows no sign of abating, the benchmark S&P BSE Sensex is down nearly 11 per cent from last October (till March 10), the IPO market has seen no public issue in the past one
Business Today1 min read
Getting Curiouser
THE DISH TV saga has a fresh twist. Shareholders have rejected all three proposals presented at the AGM last December. The Essel group-owned DTH major is already thick in a fight with YES Bank, its largest shareholder. Right after Dish TV defaulted o
Business Today1 min read
₹1.50 Lakh Crore
VALUE OF SHARES SOLD BY FIIs IN THE SECOND HALF OF 2021-22 TILL MARCH 14, AGAINST NET INFLOWS OF AROUND ₹8,530 CRORE IN THE FIRST HALF OF THE SAME FISCAL ■
Business Today1 min readSmall Business & Entrepreneurs
Accelerating
Accel, one of the oldest venture capital firms in the country, has launched a new $650-million fund to invest in pre-seed to growth start-ups across India and Southeast Asia. The fund takes the global VC’s total commitments in the region to $2 billio
Business Today1 min read
Value Hunter
Dabur India Vice Chairman Mohit Burman, who is credited with the family’s successful foray into high-growth sectors like life insurance, pensions, annuities and asset management, is now attracting attention with his bid to take over Kolkata-based dry
Business Today1 min read
Where Are The Shops?
As Reliance Retail and Amazon grapple for control of the Kishore Biyani-promoted Future Retail, Reliance Retail has now put itself in the driver’s seat by taking over 200 Future Group stores after lease payments were not made. There’s more. Reliance
Business Today1 min readInvestments & Securities
Metals’ Mettle
METAL AND MINING stocks are hogging the limelight in Dalal Street due to the war between Russia and Ukraine. Russia, which produces 6 per cent of the world’s aluminium and 10 per cent of its nickel, is a commodity powerhouse and a net exporter in man
Business Today1 min read
A Gift To Investors
NSE-owned International Financial Services Centre (IFSC), located in Gujarat’s GIFT-City, has launched trading in US stocks from March 3, 2022, specifically, those of Amazon, Apple, Alphabet, Netflix, Tesla, Meta, Walmart, and Microsoft. Eventually t
Business Today1 min read
Throne Of Thorns
HAS CHITRA RAMKRISHNA jinxed the office of the MD & CEO of National Stock Exchange (NSE)? After Ramkrishna was arrested by the CBI for her alleged role in a co-location scam, and after making waves with her ‘Himalayan Yogi’, it’s now current honcho V
Business Today1 min read
Flying Sun Gets A CEO
Sanjiv Kapoor, who? That’s the new CEO of Jet Airways. While not a celebrity name, he has worked with Northwest Airlines, SpiceJet and Vistara. Getting the stranded Jet to fly again might be his toughest job yet.
Business Today1 min read
A New Hero?
Pawan Munjal, who built Hero MotoCorp practically from scratch (after the Hero-Honda JV dissolved), is staring at a similar challenge on the EV front with his new brand Vida (meaning life in Spanish). Why a new brand? A 2010 family settlement barred
Business Today1 min read
Small is Big
UNION MINISTER of Commerce and Industry Piyush Goyal says the government is committed to support start-ups from India’s smaller cities and towns through better incubation centres. Goyal’s comment comes at a time when building for Bharat is becoming a
Business Today1 min read
American Dream
KIRAN MAZUMDAR-SHAW, Executive Chairperson of Biocon Biologics (BBL), looks serious about making the company a strong global brand. Last month, it announced the acquisition of the biosimilars business of US-based Viatris Inc. for $3.3 billion, includ
Business Today1 min read
Turbo Charge
Nitin Chugh, who recently quit as MD & CEO of Ujjivan Small Finance Bank after two years, has become the first person from outside SBI to be appointed as deputy managing director at the bank. His biggest challenge is to take YONO, SBI’s digital banki
Business Today2 min read
Scripting a Mega Merger
▸ INDIA’S LARGEST multiplex chain PVR, and the fourth largest chain Cinepolis India, are in talks for a potential merger, sources have confirmed to Business Today. If the deal comes to fruition, the merged entity—with a valuation of more than ₹14,000
Business Today1 min read
Charting The Saga
MARCH 2018: BharatPe set up; in August, it launches QR code on a commercial basis APRIL 2019: Enters lending business; a year later, begins selling its card machine BharatSwipe; becomes a unicorn in 2021 JANUARY 2022: A leaked audio clip of a call pu
Business Today9 min readSmall Business & Entrepreneurs
From Hubris To Debris
TO ASHNEER GROVER, BharatPe is a thing of the past. His LinkedIn profile, which is constantly being updated, says “Own Master” in his current occupation, with ex-MD and Co-founder of BharatPe also finding a mention. Even his harshest critics concede
Business Today13 min readWorld
The Return Of Chaos
AN ESSAY ON THE ‘State of the Economy’ in the Reserve Bank of India’s (RBI) February 2022 bulletin begins by saying this: “Domestic macroeconomic conditions are striking a path that is diverging from global developments.” Perhaps, but the possible ou
Business Today7 min read
Tug Of War
SOMETIMES, GETTING into something may be easier than getting out of it. Just ask the HR professionals witnessing up close employees’ return to office under hybrid work as companies roll back pandemic-led work-from-home benefits. If moving tens of tho
Business Today1 min read
How Leading Organisations Are Approaching Hybrid Work
▸ Workforce comprises Prime Video, operations team, technology team, Alexa Labs and AWS. Onus on the team leader to decide how many days they need to work from office or home ▸ Three days in office, two days wherever they work best ▸ Flexible work ar
Business Today1 min read
Remote Work Still In Demand
→ Between July 2021 and Jan 2022, over 93,000 permanent and temporary remote jobs were listed from Amazon, Tech Mahindra, TCS, Deloitte, Oracle, PwC and other firms → 22 per cent of them were for permanent remote roles only → Over 3.2 million job sea
Business Today1 min read
▸ Rankings By Sector
1 Tata Motors 2 Mahindra & Mahindra 3 Bajaj Auto 4 Hero MotoCorp 5 Maruti Suzuki India 1 HDFC Bank 2 SBI 3 ICICI Bank 4 Axis Bank 5 Aditya Birla Capital 1 Accenture in India 2 TCS 3 Infosys 4 IBM Business Consulting Services 5 Wipro 1 HUL 2 Marico 3
Business Today1 min read
How We Did It
▸ AS ALWAYS, Business Today and Taggd reached out to salaried employees from companies all over India, across industries, to participate in an open online survey. More than 32,000 respondents filled the survey this year, compared to 27,000-plus last
Business Today4 min read
The Human Touch
▸ THE CHARMS OF a job at Google are many—über-cool offices, an array of gadgets, unlimited food and employee benefits, to name a few. Little wonder then that Google India has been among the top few companies in the BT-Taggd Best Companies to Work For
Business Today4 min readLeadership
Science To Ease Stress
▸ JEFF BEZOS HAS a dream. And no, it doesn’t involve space. What he wants is Amazon to emerge as the “Earth’s Best Employer”. While this dream may be a relatively recent one, Amazon India has been taking feedback from employees for long. In fact, emp
Business Today4 min readLeadership
BEYOND SPACES & PLACES
▸ AT THE AGE of 28, Shyamala Iyer underwent nine surgeries and 13 chemotherapy cycles to fight breast cancer. She lost all her hair and was mentally distraught. After a discussion with her team leads, she joined back work at Accenture in India to tak
Business Today4 min read
A Sharp Focus On Talent
▸ SEVERAL TIMES THROUGH the conversation, Milind Lakkad speaks of how important it is to keep his staff happy. Just think about it. Tata Consultancy Services (TCS, as it is better known) is the big boy in India’s IT industry with a workforce in exces
Business Today4 min read
The Future Is Hybrid
▸ THE TRIGGER MAY have been Covid-19, but management guru Peter Drucker had seen the signs in the late ’80s, says HDFC Bank Chief Human Resources Officer Vinay Razdan. Drucker was of the view that the experiment of moving people from Tier II/Tier III
Business Today4 min read
People Power
▸ WHEN SUNJOY DHAAWAN, Vice President of Human Resources, DHL Express (India), joined the logistics major in 2013, its business in India was limited to less than ₹3,000 crore in annual sales and women workers made up less than 10 per cent of its empl
Business Today4 min readLeadership
A MIX OF DIGITAL & REAL
▸ IN SEPTEMBER 2021, Adobe India appointed IBM veteran Prativa Mohapatra as its new Vice President and Managing Director. The global tech giant’s first woman leader in the country, its employees say, will inspire other female employees to take up lea
Business Today4 min readLeadership
Time For Change
▸ HEALTH IS A state of complete harmony of the body, mind and spirit. Biopharmaceuticals major Pfizer Ltd, too, is trying to reach that kind of a state with its employees. Among the steps it has taken, one is renaming the HR function People Experienc
Business Today4 min read
Flexible And Inclusive
▸ TATA STEEL IS a steel company, right? To Atrayee Sanyal, the company’s Vice President of Human Resource Management, Tata Steel isn’t just a steel company. It is also a large mining firm, the largest engineering & projects entity and the one with th
Business Today4 min readLeadership
Learn‚ Grow‚ Share
▸ GENIUS, GOES AN old saying, is 99 per cent perspiration and 1 per cent inspiration. Taking the analogy forward, one could possibly say the same thing about the potential of a person—work hard to learn new things and grow. Microsoft certainly believ
Business Today7 min readPopular Culture & Media Studies
The Social Screen
WE SAW THIS candidate’s Instagram account and this person is always travelling. So, how can you say that this person will work hard?” Founder Vikram Ahuja of Talent500, which enables global companies to set up remote teams, was recently privy to this
Business Today1 min readInternet & Web
Lens On Social Media
● A 2020 poll among 1,005 American hiring decision-makers by US-based staffing solutions firm Express Employment Professionals found 67 per cent respondents saying they use social networking sites to research potential job candidates ● Among them, 55
Business Today1 min readCrime & Violence
Online Etiquette 101
● Provocative or inappropriate photographs, videos or information ● Information about drinking or using drugs in public ● Discriminatory comments related to race, gender or religion ● Bad-mouthing previous/current employer or fellow employee ● Abusiv
Business Today3 min read
Tuned In To Employees’ Needs
▸ THE DYNAMICS OF the talent market have evolved significantly in the last year, owing to the ongoing talent war and palpable skills gaps. Employees today hold greater sway over negotiations with employers and there’s much more at stake than just com
Business Today8 min read
‘We Don’t Want To Be In The Discounting Game’
For Kolkata-based Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group, a business should throw up either cash flows or valuations to justify it being part of one’s portfolio. In an interview with Business Today’s Global Business Editor Udayan Mukhe
Business Today11 min read
Adani’s New Jewel
EVER SINCE PRAMOD KUMAR took charge of operations at Adani Wilmar’s (AWL) newly built manufacturing facility at Hazira, Gujarat in 2019, he has never been happier. The 45-year-old engineer has been devoted to the company’s edible oil derivatives oper
Business Today1 min read
Advantage Adani Wilmar
After listing on the bourses in February, Adani Wilmar Ltd (AWL) has emerged as the third-largest FMCG firm, with a valuation of ₹45,000 crore In the first nine months of FY22, AWL, with more than ₹39,000 crore in revenues, is ahead of FMCG behemoth
Business Today5 min read
Home Run
THE MUCH-FEARED THIRD wave of the Covid-19 pandemic, borne by the Omicron variant of the coronavirus, came, saw, but didn’t conquer. And thank goodness for that. But while the wave created barely a ripple, it did bring in a new dynamic into the testi
Business Today6 min readPopular Culture & Media Studies
The First Movers
RADHIKA GHAI. Preeta Sukhtankar. Malini Agarwal. Rashmi Daga. These exceptional women have been active participants in the evolution of India’s entrepreneurial ecosystem over the past decade and more. What is remarkable about them is the humility, pa
Business Today4 min readDiet & Nutrition
Watch That Diet!
IT’S BEEN NEARLY two years since the pandemic started. Two years with most of us glued to our computer screens, binge watching Netflix and stress eating with hardly any exercise. Little wonder, there has been an increase in the number of obese people
Business Today2 min read
All Charged Up
We tend to attend a lot more video calls these days than a couple of years ago. What if there was a way to attend these calls easily, while also charging your phone? Trust Belkin, a well-known name in the smartphone accessories space, to come up with
Business Today2 min read
Sharp Shooter
In 2020, just before the world went into lockdown, Vivek Sunder was in Masai Mara, Kenya, on a wildlife photography shoot. His subject was a cheetah chasing a gazelle. “It’s very difficult to photograph a cheetah running towards you. Every time you l
Business Today2 min read
A Way With Words
The pioneer of Asia’s dotcom revolution, technology entrepreneur Rajesh Jain, is passionate about blogging. “I have been writing for as long as I can remember,” says Jain who wrote a diary as a teenager. Maintaining a daily diary is something most of
Business Today4 min read
Pride And Accomplishment
POWERED BY KNOWLEDGE PARTNER ASSOCIATE SPONSOR ON THE EVENING of March 12, the lawns of the Taj Lands End hotel in Mumbai, set beside the majestic Arabian Sea, became as spectacular as the sea itself, as it was graced by a bevy of powerful, influenti
Business Today1 min read
‘Buy Right. Sit Tight’
Motilal Oswal Asset Management Company is the investment manager to Motilal Oswal Mutual Fund, an equity fund house What was the problem you were grappling with? It was the first week of May 2000. The markets were reeling under the aftermath of the d
Business Today1 min read
30 Years Young And Strong
BT@30 Team Business Today pops the bubbly at the celebration to mark the 30th anniversary of the magazine. A journey that has mapped the path taken by a newly independent India in the economic sense, its challenges, triumphs, its heroes and villains.

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