Business Today

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

Revving Up Mahindra

Business Today

CRUDE CALCULUS • THE RECENT SOFTENING OF GLOBAL CRUDE OIL PRICES IS EXPECTED TO NARROW INDIA’S TRADE DEFICIT, OF WHICH OIL ACCOUNTED FOR 42.5 PER CENT (OR `9 LAKH CRORE) IN FY23. A LOOK AT THE KEY NUMBERS:

IN TOP GEAR • India’s auto sector is on a roll. While strong demand from buyers and new launches had boosted volumes, easing commodity prices enhanced margins for automakers in FY23. Better operating efficiency and price hikes have also augured well for them, experts say. The BSE Auto index, which has gained 21 per cent year-to-date until June 30, reflects this positive outlook. Here are some key data points

Bulls on the Loose • The Indian stock markets will remain buoyant in the second half of 2023 as several macro-economic factors underpin their strength

CHIPPING AWAY • With Vedanta and Foxconn parting ways, their plans to venture into semiconductor manufacturing have taken a massive hit. Who they partner with next remains to be seen

A CLEAN BREAK

The Currency Question • For India, payments in Chinese yuan for Russian oil are convenient now but internationalisation of the rupee could be more beneficial in the long run

GAME, SET AND MATCH • The online gaming industry is reeling from the GST Council’s decision to impose a tax rate of 28 per cent

Giant on the Move • The merger of HDFC Ltd with HDFC Bank provides immense opportunities

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Welcome to the world of advanced AI engineering!! • The University of Engineering and Management (UEM) in Jaipur is a leading institution that specializes in advanced education and research in the field of Artificial Intelligence (AI), along with offering programs in B.Tech, M.Tech, and MBA with a focus on Robotics

THE 5 STEEL WHEELS OF SAFETY

RAILWAYS SAFETY FIRST • As the country’s economic backbone, the Indian Railways needs to implement not only ‘Make in India’ but also ‘Maintain in India’ to enhance safety

On Borrowed Time • It’s back to Sebi for the ZEEL promoters. How long it takes them to get closure on a host of serious issues is anyone’s guess now

BHARAT FORGE: LEADING THE ESG CONVERSATION IN INDIA’S MANUFACTURING INDUSTRY • In today’s business landscape, companies are increasingly recognizing the significance of environmental, social, and governance (ESG) practices. Bharat Forge, a prominent player in India’s manufacturing industry, has emerged as a leader in prioritizing ESG initiatives and driving sustainable business practices. With a holistic approach to ESG, the Company is actively contributing to a healthier planet and setting new benchmarks for long-term success under their PLANET POSITIVE initiative.

Logging into Bharat • With the launch of its new feature phone, Reliance Jio hopes to make the most from the transition of 2G feature phone users to 4G services

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‘THE PESSIMISTS HAVE BEEN PROVEN WRONG’ • Ruchir Sharma, Founder of Breakout Capital and Chairman of Rockefeller International, talks about the global outlook from an India perspective, and what is working or not working for the country

OUT OF ORDER • THE INSOLVENCY AND BANKRUPTCY CODE SIMPLY ISN’T WORKING, DESPITE DOZENS OF AMENDMENTS AND GOOD INTENT. AN INSIDE LOOK AT ITS FLAWS, AND HOW TO MAKE IT WORK

HITS & MISSES • The seven-year report card

AN AGENDA FOR CHANGE

CONDUCTING THE CODE • A set of guidelines for the highest decision-making body, the Committee of Creditors (CoC), would help the process

Under CM Bhupesh Baghel’s leadership, Chhattisgarh...