12 November 2023

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 Operating Officer: Alok Nair Editor: Sourav Majumdar Group Creative Editor: Nilanjan Das Group P
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Rising ₹iches
THE COMBINED FORTUNES OF INDIA’S TOP 10 RICHEST PERSONS IS ₹26.84 LAKH CRORE—MORE THAN 8 PER CENT OF THE BSE’S MARKET CAP TOTAL WEALTH IN ₹ CRORE; DATA AS OF AUGUST 30, 2023; COMPANY NAMES IN BRACKETS; SII IS SERUM INSTITUTE OF INDIA; DMART IS AVENUE
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Photographik
SOURCE INVEST INDIA INDIA’S 100-MEDAL HAUL AT THE ASIAN GAMES AND THE ONGOING CRICKET WORLD CUP ARE EXPECTED TO BOOST THE COUNTRY’S SPORTS EQUIPMENT MARKET. HERE’S WHAT THE DATA SHOWS: $6.6 BILLION Expected size of the Indian sports equipment market
Business Today2 min read
Amul’s Widening Shelf
No matter how large or successful a company is, it has to constantly map the competitive landscape and reinvent and reposition itself when needed. And so it is with the Gujarat Cooperative Milk Marketing Federation (GCMMF), which runs the iconic Amul
Business Today4 min read
Oil’s Not Well
EVEN AS THE WORLD was making peace with the Russia-Ukraine conflict, and the global economy showing signs of recovery, the Israel-Hamas war has opened up new worries. The Ukraine war has resulted in a sharp rise in crude oil and commodity prices, fur
Business Today1 min read
Flow Disruption
9.2 PER CENT ▸ Increase in Brent crude oil prices between October 6 and 19 $52.7 BILLION ▸ India’s spending on import of crude oil between April and August 2023 $89.9 PER BARREL ▸ Average price of Indian basket of crude oil in October $85 PER BARREL
Business Today2 min read
In A Bind
AT A TIME when the world is already grappling with high interest rates and inflation, the war between Israel and Hamas is adding fuel to the fire of rising crude prices. As a result, it may put additional burden on countries like India that are susce
Business Today2 min read
The Safe Haven
HAVING DELIVERED DOUBLE-DIGIT returns, gold has emerged as one of the best-performing asset classes since 2018. The period has seen unprecedented upheavals in the global economy, marked by a global pandemic and a major war, resulting in high inflatio
Business Today2 min read
Cricket Mania
THE RETURN OF the ICC Men’s Cricket World Cup to India after a gap of 12 years has brought with it a huge opportunity for brand marketers and advertisers to reach out to their cricket-crazy customers. Disney Star, the official broadcaster and streami
Business Today4 min read
Facing Headwinds
THE SECOND QUARTER (July to September) earnings season has kicked off and it hasn’t been all good news for the information technology majors—Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCLTech), and Wipro. A decline in revenues, a slo
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Precision At Its Finest: Ruby Hall Clinic Leads The Way With The Cyberknife System
Q: Dr. Zade, could you explain how the CyberKnife is advancing the field of radiosurgery and radiation oncology at Ruby Hall Clinic? A: The CyberKnife S7 has been a game-changer for us at Kamalnayan Bajaj Cancer Centre. This cutting-edge technology a
Business Today10 min read
Amul’s BIG PIVOT
On a busy day, about half a million people pass through New York’s Times Square, a big tourist attraction known for its innovative advertising and digital billboards. On Sunday, October 8, a campaign titled ‘Be More Milk’ went live there. Targeted at
Business Today1 min read
Changing Tastes
▸ Milk and milk products brought in 96 per cent of Amul’s ₹55,070-crore revenue in FY23 ▸ It sees an opportunity in the $1.3-billion organic food market, one that is fragmented and has several small players ▸ At the same time, it is also completely r
Business Today1 min read
A Dairy Tale
GCMMF formed; it is India’s largest food products marketing organisation Revenue of GCMMF, Amul’s parent, in FY23 Group turnover of Amul + 18 member unions Number of farmers GCMMF procures milk from Number of village dairy co-operative societies unde
Business Today2 min read
Exit Moves
In January, R.S. Sodhi stepped down as MD of Gujarat Cooperative Milk Marketing Federation (GCMMF). It was a development that evoked interesting reactions. Sodhi had been at the helm of affairs since 2010. A product of the first batch of the Institut
Business Today1 min read
The Amul Spread
▶ Amul has benefitted by offering hygienic packaged products ▶ In foods, the opportunity is similar and by choosing specific segments like organic, the growth story can really take off
Business Today3 min read
Smart Water Management System: Creating Waves Across Industries
Managing a critical resource like water is a major challenge for industries across all sectors and geographies. With depleting ground water levels, unplanned usage, wastage, rising pollution levels and increasing temperatures across the globe, the wa
Business Today8 min readIntelligence (AI) & Semantics
‘‘Policy Must Encourage Many Flowers To Bloom’’
Known as an institution builder, Uday Kotak is one of the most respected names in India’s banking space. The Founder and Director of Kotak Mahindra Bank recently transitioned to a nonexecutive role after leading the bank for about two decades. In an
Business Today1 min read
Under The Scanner
In 2012, both BSE and NSE launched dedicated platforms for the listing of SMEs More than 850 SMEs have been listed on these platforms till date Many recent SME IPOs have seen unusually high subscriptions and listing premiums The recent past has seen
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Small Is Not Always Beautiful
FACTS ARE STUBBORN things, but statistics are pliable,” said Mark Twain, the famous writer. The old adage holds a lot of relevance even today; but sometimes startling statistics could also be undisputable facts. How so? Take for instance the world of
Business Today1 min readInvestments & Securities
The Modus Operandi
▸ An operator approaches an SME that has decent fundamentals and is looking to list ▸ It demands 5-10 per cent shares at a discount or at par; then it allots the shares to three or four friendly investors ▸ The operator then approaches a Sebi-registe
Business Today7 min read
Realty Resurgence
SINCE ASHISH KAPOOR booked an apartment in a Jaypee Infratech project in Noida more than a decade ago, he has moved from his rented place in South Delhi to a rented apartment in Gurugram, turned 60, and seen his son grow up from being a student to be
Business Today1 min read
What The Delhi Declaration Says
▸ ENDORSES MDBs’ CAPITAL ADEQUACY FRAMEWORKS THAT CAN YIELD ADDITIONAL $200 BILLION IN FUNDING ▸ TAKES NOTE OF RECOMMENDATIONS OF VOLUME 1 OF THE EXPERTS’ PANEL REPORT ▸ SUPPORTS G20 HIGH-LEVEL SEMINAR IN OCTOBER 2023 ON STRENGTHENING FINANCIAL CAPAC
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Infra Boost
MARRED BY STALLED PROJECTS AND ROGUE DEVELOPERS EARLIER, THE DELHI-NCR REALTY MARKET IS BOUNCING BACK POST COVID-19 AS THE PANDEMIC BEGAN RECEDING IN 2021, NEW LAUNCHES AND SALES HAVE SCALED TO PRE-2015 LEVELS DEVELOPERS AND EXPERTS CREDIT MASSIVE IN
Business Today6 min readInternational Relations
Bretton Woods For The South
ONE OF THE top priorities during India’s soon to be concluded G20 presidency was finding ways to finance the world’s increasingly complex development challenges. And India made a start to this end with the New Delhi Leaders’ Declaration taking up the
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The Triple Agenda
Expert Recommendations 1 Greater engagement with private sector can help yield more funds for development 2 Global challenges funding mechanism could yield $20 billion in additional annual lending 3 Full implementation of recommendations of the CAF r
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‘‘MDBs NEED TO BE THE TIP OF THE SPEAR’’
ONE OF THE takeaways of India’s G20 presidency has been the call to reform multilateral development banks (MDBs). This was led by a G20 expert group headed by former US treasury secretary Lawrence Summers, President Emeritus of Harvard University; an
Business Today7 min readIntelligence (AI) & Semantics
India’s Dpi Goes Global
AT A G20 SESSION in March, India’s burgeoning digital services architecture received high praise from Microsoft Co-founder Bill Gates. “No country has built a more comprehensive digital infrastructure than India,” Gates, also Co-chair of the Bill and
Business Today1 min read
Digital Leadership
1 India’s Digital Public Infrastructure, especially digital ID (Aadhaar) and payments infrastructure (UPI), have been highlighted by the Digital Economy Working Group (DEWG) under the G20 umbrella 2 India has signed MoUs with eight countries for exte
Business Today3 min read
‘‘we’re Helping Nations Build Their Own Dpi’’
RAJEEV CHANDRASEKHAR, Minister of State in the Ministry of Electronics and IT (MeitY), talks to Business Today about the deep interest many countries have shown in adopting India’s Digital Public Infrastructure (DPI), and what the government is plann
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Services At Scale
▶ DPI is a set of interoperable open-source software platforms that facilitate the digital delivery of services ▶ Countries can adopt them as is or use the framework and customise per their needs A unique digital identity number for every Indian resi
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Aiding Sustain-ability
Solution Services like Aadhaar, UPI and data sharing and models can help tackle poverty. These approaches can improve the economic resilience of marginalised groups, increase access to private and public services, and reduce vulnerability to crises a
Business Today4 min read
Championing Consensus
WHEN INDIA ASSUMED the G20 presidency in December last year, Prime Minister Narendra Modi promised an inclusive, ambitious, action-oriented, and decisive presidency. In January 2023, during the Voice of the Global South Summit, he said India’s presid
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The Abatement Debate
▸ India is hosting the ICC Men’s Cricket World Cup 2023 between October 5 and November 19 ▸ As many as 48 matches are being played in stadiums across 10 cities over 46 days ▸ More than 2.48 million visitors/spectators are expected to be present in th
Business Today6 min read
A Cup Of carbon
WITH THE SHOWPIECE ICC Men’s Cricket World Cup well underway, the tension and anticipation are palpable in the air, and with good reason. In 2011, the last time India hosted the Cup, it lifted the trophy. Indeed, since then, the two subsequent hosts—
Business Today1 min read
Hot Air
FORMULA 1 RACING 2019 256,551 TONNES OF C02e LOGISTICS ACCOUNTED FOR 45 PER CENT OF THE OVERALL EMISSIONS TOKYO OLYMPICS 2020 1.96 MILLION TONNES OF C02e IT WOULD HAVE INCREASED TO 2.76 MILLION TONNES IF DOMESTIC FANS COULD ATTEND FIFA WORLD CUP QATA
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C02 Emissions Of One Cricket Match
EMISSIONS BY SEGMENTS 88.4 ENERGY (ELECTRICITY AND FUEL COMBUSTION ACTIVITIES) 5.8 MOBILITY (AIR TRAVEL, LOGISTICS AND FREIGHT) 2.1 SERVICES (SPECTATOR ACCOMMODATION) 3.1 MATERIALS 0.1 WASTE 0.1 WATER 0.4 OTHERS CONTRIBUTION IN PER CENT SOURCE SCHNEI
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Clean Up
▸ Plastic recycling machines being installed at every venue; waste to be turned into ICC staff clothing for future events ▸ Waste management project in partnership with Coca-Cola and United Way Mumbai for waste segregation and reducing landfill ▸ Con
Business Today9 min read
Decoding Brand Rajini
A SIMPLE BUT STYLISH man is a conductor on bus number 10A in erstwhile Bangalore (now Bengaluru). Elsewhere, an innocent milkman leads a contented life. One day, the conductor’s bus-driver friend urges him to join the Adyar Film Institute in Madras (
Business Today1 min read
Packing A Punch
▶ At 72, Tamil actor Rajinikanth has delivered one of his biggest hits as a leading man in Jailer. The film grossed ₹600 crore worldwide ▶ The actor took home a whopping ₹110 crore (estimated), making him one of the highest paid leading men in his ag
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Rocketing Brand Equity
▸ MOVIE BILLA (1980) PRODUCTION ₹ 50-60 LAKH SALARY ₹7 LAKH SALARY SHARE (%) 14% ▸ MOVIE ANNAMALAI (1992) PRODUCTION ₹5 CRORE SALARY ₹1 CRORE SALARY SHARE (%) 20% ▸ MOVIE SIVAJI: THE BOSS (2007) PRODUCTION COST ₹60 CRORE SALARY ₹20 CRORE SALARY SHARE
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The Silver League
• AGE 81 • (HINDI) • ₹ 10-15 CRORE • AGE 72 • (MALAYALAM) • ₹ 5-10 CRORE • AGE 68 • (TAMIL) • ₹ 50-75 CRORE BEFORE INDIAN 2 • AGE 68 • (TELUGU) • ₹ 45-60 CRORE • AGE 63 • (MALAYALAM) • ₹ 10-20 CRORE • AGE 61 • (KANNADA) • ₹ 5-8 CRORE ▸ Many of Rajini
Business Today1 min read
The ₹100 Crore Club
SOURCE INDUSTRY ESTIMATES AKSHAY KUMAR, SALMAN KHAN & SHAH RUKH KHAN PHOTOS BY MILIND SHELTE ■
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What Makes Rajini Tick
1 His on-screen charisma is built on unique styles and punchlines, man-on-the-street looks and down-to-earth real-life persona 2 His films pull crowds across age groups, including children. This translates into more business for everybody from the pr
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Jailer In Numbers
₹ 200-220 CRORE A. SUN PICTURES INVESTMENT ₹ 310-320 CRORE B. TOTAL PRE-SALE OF RIGHTS ₹ 60-70 CRORE C. REVENUE OVERFLOW* ₹ 370-390 CRORE D. TOTAL REVENUE (B+C) ₹ 150 CRORE PROFIT (D-A) *ADDITIONAL COLLECTIONS DISTRIBUTORS SHARE WITH PRODUCER WHEN A
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Mixed Bag
MOVIE PETTA (2019) BUDGET (₹ CR) 160 WORLDWIDE GROSS COLLECTION (₹ CR) 232.92 MOVIE ANNAATTHE (2021) BUDGET (₹ CR) 180 WORLDWIDE GROSS COLLECTION (₹ CR) 172 MOVIE 2.0 (2018) BUDGET (₹ CR) 500-600 WORLDWIDE GROSS COLLECTION (₹ CR) 723 MOVIE DARBAR (20
Business Today3 min read
Shoes Maketh A Man!
The eyes might be the window to the soul but shoes are a window to everything else. What shoes you wear can say a lot about you. A study done by researchers at the University of Kansas found that people were able to accurately judge 90 per cent of a
Business Today2 min read
Festive Gear
Looking to create your own space in a bustling city like Delhi, where air pollution is an integral part of life? The Dyson Zone can be your solution. This pair of noise-cancelling headphones comes with a personal air purifier. Offering commendable so
Business Today3 min read
Bitten By The Travel Bug
DUE TO THE demanding nature of their roles and responsibilities, leaders frequently find it challenging to establish boundaries between their personal and professional lives. But that’s not the case with Daisy Chittilapilly, President of Cisco India
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‘‘Create A Common Language To Unite The Workforce’’
What was the problem you were grappling with? In 2020, the Covid-19 pandemic drastically altered the workspace at L&T Technology Services (LTTS). Our common purpose of working together on complex engineering projects was threatened. Our engineering t

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