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.

Speed-breaker for Gaming

Business Today

SOLD! • THE ART MARKET IS BOOMING AGAIN AS ART HAS TOPPED THE TABLE OF LUXURY INVESTMENTS IN Q2CY23, PER KNIGHT FRANK. A LOOK AT THE SPACE

BULLION BOOM • GOLD AND SILVER TAKE CENTRE STAGE DURING THE FESTIVE SEASON IN INDIA. THEY ARE ALSO SEEN AS A HEDGE IN TIMES OF ECONOMIC UNCERTAINTY OR GEOPOLITICAL TENSIONS, LIKE THE CURRENT WAR IN THE MIDDLE EAST. THOUGH BOTH METALS HAVE LARGELY UNDERPERFORMED THE STOCK MARKET IN RECENT YEARS, THEY ROSE SHARPLY AFTER HOSTILITIES STARTED IN GAZA. HERE’S WHAT THE DATA SHOWS:

A HARD RESET • New CEO Arjun Mohan has hit the ground running at Byju’s, beginning a painful restructuring that the firm hopes will set its house in order

THE NEW PATH

Divvying Up Trouble • After its split, the focus will shift to how the Vedanta group can deleverage its balance sheet

STRONGER APART • The proposed structure after Vedanta Ltd demerger

Good Run to Continue • After a healthy Q1, the earnings momentum is expected to continue for India Inc. in the second quarter of FY24

Bond Challenges • The inclusion of Indian government securities in JPMorgan’s emerging markets index, although positive, needs to be monitored closely

India Bet • After entering the Mumbai market, Uniqlo plans to expand further and price its products more competitively

FESTIVE CHEER • High frequency indicators like GST revenues and core sector data indicate that Indians may splurge on shopping this festive season

BALANCING RISK MANAGEMENT IN THE DYNAMIC FINTECH LANDSCAPE • The COVID-19 pandemic has ushered in a period of accelerated growth for fintech companies worldwide, and India stands at the forefront of this transformation. As the financial services and fintech sectors continue to evolve, risk management becomes a crucial aspect of maintaining stability and safeguarding consumer interests. In a recent interview hosted by Sourav Majumdar, Editor of Business Today, two industry experts, Kuntal Sur, Partner - Risk Consulting and Leader - Financial Services & Treasury Risk Management at PwC India and Vivek Veda, Co-Founder & CFO at Kreditbee, discussed the intricate art of balancing foresight, vigilance, and agility in risk management. They shed light on how organizations can strategically leverage risk management to gain a competitive edge in this dynamic landscape.

AI ON THE CLOUD • Betting big on its expertise in cloud services to train generative AI models, Oracle has bagged contracts worth $4 billion

THE GAMING TAX TANGLE • THE $3-BILLION INDIAN ONLINE GAMING INDUSTRY CAUGHT THE EYE OF THE WORLD. BUT THE 28 PER CENT GST ON REAL-MONEY GAMING HAS BROUGHT ITS DREAM RUN TO A SCREECHING HALT

THE STORY SO FAR

THE GST BURDEN

WHAT’S WHAT

GAME OF SKILL VS GAME OF CHANCE

ON NOTICE • The total tax demand served on gaming companies till date is around ₹1.5 lakh crore

THE FINDINGS BIG MONEY

GLOBAL PERSPECTIVE • The indirect tax treatment of online gaming in various countries

SMART CLASSES’ FOR SCHOOLS IN GODDA • Learning modules include tests, query sessions and feedback for Jharkhand students

PUBLIC SURGE

IT’S IPO’CLOCK AGAIN • AFTER A SUBDUED BEGINNING TO 2023, THE IPO MARKET HAS SEEN HEIGHTENED ACTIVITY IN THE PAST COUPLE OF MONTHS. CONSIDERING THE STRONG PIPELINE, THERE’S HOPE THIS MAY CONTINUE FOR SOME TIME YET

READ CREDIBLE, EXCLUSIVE, AND INSIGHTFUL BUSINESS STORIES • Subscribe and get upto 67% discount*

COURTING Cipla • PHARMA MAJOR CIPLA HAS GENERATED CONSIDERABLE INTEREST FROM PRIVATE EQUITY PLAYERS....