Business Today

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Amul’s Widening Shelf

Business Today

Photographik • Workers make cricket bats at a factory in Awantipora, Srinagar

RISING ₹ICHES • THERE HAS BEEN A DRAMATIC INCREASE IN THE NUMBER OF INDIA’S SUPER RICH. A RECORD 1,319 INDIANS FROM 138 CITIES CURRENTLY HAVE A NET WORTH OF MORE THAN ₹1,000 CRORE, ACCORDING TO THE 360 ONE WEALTH HURUN INDIA RICH LIST 2023. THE NUMBER REVEALS AN INTERESTING NARRATIVE ABOUT THE GROWTH, EXPANSION, AND EVOLVING DYNAMICS OF INDIA’S RICH

OIL’S NOT WELL • For India, the Israel-Hamas war could raise new pressures on inflation and the current account deficit if global crude oil prices rise substantially

FLOW DISRUPTION

IN A BIND • The impact of the Israel-Hamas war—that has already thrown markets out of gear—could blow up exponentially if it is not brought under control soon

The Safe Haven • While the Israel-Hamas war has raised gold prices by a notch, its impact is expected to remain limited unless the situation worsens

CRICKET MANIA • The ICC Men’s World Cup is a huge opportunity for advertisers, and marquee matches are already attracting considerable eyeballs

Facing Headwinds • The Top 4 Indian IT companies by market cap reported big deal wins in Q2, but trimmed their growth outlook anticipating more pain ahead

READ CREDIBLE, EXCLUSIVE, AND INSIGHTFUL BUSINESS STORIES

PRECISION AT ITS FINEST: RUBY HALL CLINIC LEADS THE WAY WITH THE CYBERKNIFE SYSTEM

Amul’s BIG PIVOT • THE ₹55,000-CRORE DAIRY CO-OPERATIVEIS GOING AGGRESSIVE ON ITS EXISTING PORT FOLIO AND IS MAKING A BIG PLAY IN ORGANIC FOODS

CHANGING TASTES

A DAIRY TALE • Quick facts on India’s largest co-operative society GCMMF

EXIT MOVES • Decoding why R.S. Sodhi, under whose watch GCMMF’s revenues saw a near 6x jump, stepped down suddenly

THE AMUL SPREAD

Smart water management system: Creating waves across industries

‘‘Policy must encourage many flowers to bloom’’ • Uday Kotak, Founder and Director of Kotak Mahindra Bank, talks about the Indian economy, spurring private investments, and how humans can beat machines

IN DEPTH KNOWLEDGE FROM THE MOST CREDIBLE SOURCE

UNDER THE SCANNER

SMALL IS NOT ALWAYS BEAUTIFUL • THE SME SEGMENT WAS LAUNCHED OVER A DECADE AGO TO PROVIDE SMALLER FIRMS EASY ENTRY TO THE LISTED SPACE. WHILE IT HAS BROUGHT MORE THAN 850 SMEs TO THE STOCK EXCHANGES, CERTAIN PRACTICES HAVE PUT IT UNDER THE REGULATOR’S LENS AND TIGHTER REGULATIONS ARE IN THE MAKING

THE MODUS OPERANDI

REALTY RESURGENCE • AFTER LANGUISHING FOR YEARS, THE REAL ESTATE MARKET IN DELHI-NCR, ESPECIALLY THE NOIDA-GREATER NOIDA MICROMARKETS, HAS FINALLY FOUND ITS MOJO, THANKS TO INCREASED OPTIMISM AMONG HOMEBUYERS POST COVID-19

INFRA BOOST

WHAT THE DELHI DECLARATION SAYS

BRETTON WOODS FOR THE SOUTH • THE NEW DELHI DECLARATION OF THE G20 REITERATED THE COMMITMENT TO REFORM MULTILATERAL DEVELOPMENT BANKS. FINANCE MINISTERS HAVE TAKEN THIS FORWARD AT MARRAKESH BUT CHANGES WON’T OCCUR OVERNIGHT

THE TRIPLE AGENDA

‘‘MDBs NEED TO BE THE TIP OF THE SPEAR’’ • Lawrence Summers and N.K. Singh, Co-conveners of the G20 expert group on strengthening MDBs, share their views on the importance of reforms of the global development banks

INDIA’S DPI GOES GLOBAL • EARLIER KNOWN AS THE INDIA STACK, THE SUCCESSFUL ROLL-OUT OF THE COUNTRY’S DIGITAL PUBLIC INFRASTRUCTURE, SHOWCASED DURING INDIA’S PRESIDENCY OF THE G20, IS BEING LOOKED UPON AS A TEMPLATE FOR OTHER COUNTRIES TO FOLLOW

DIGITAL LEADERSHIP

‘‘WE’RE HELPING NATIONS BUILD THEIR OWN DPI’’ • Union...