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.

D-Street Big Boys’ Start-up Rush

Business Today

AT YOUR SERVICE • MORE THAN 17.6 MILLION PEOPLE JOINED THE WORKFORCE IN FY24—THE HIGHEST SINCE FY17. OF THEM, 16.1 MILLION JOINED THE SERVICES SECTOR, THE BIGGEST EMPLOYMENT PROVIDER, MAKING UP 39% OF THE TOTAL JOBS. HERE’S WHAT THE NUMBERS SHOW:

PRIMARY BET • A TOTAL OF 58 COMPANIES HAVE FILED DOCUMENTS WITH SEBI FOR INITIAL PUBLIC OFFERINGS (IPOs) AND ARE LOOKING TO RAISE NEARLY ₹65,000 CRORE IN THE NEXT 12 MONTHS. AT PRESENT, 18 HAVE SECURED THE REGULATOR’S APPROVAL TO RAISE ₹11,400 CRORE. MARKET WATCHERS BELIEVE THE FUNDRAISING IN FY25 WILL BE HIGHER THAN THE AMOUNT RAISED IN FY24. HERE’S WHAT THE IPO SPACE LOOKS LIKE AT PRESENT:

Inspiring Young Women Leaders

CONTINUITY WITH CHANGE • The economy seems to be well placed. The election results could mean a slower pace of reforms, but the focus on development is likely to continue

RESULT AND REPERCUSSIONS • After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities

SMALL SURGE • The increase in SME IPOs and exuberance in that space may force Sebi to clamp down, but market watchers advise it to tread lightly

REDUCING THE FROTH

Silver ETFs Shining On • The white metal has outperformed both gold and the BSE Sensex index in May. Is it the next big thing to bet on?

SHIFTING GEARS IN LOGISTICS TOWARDS SUSTAINABILITY • The logistics sector in India has witnessed a significant transformation in recent years. In 2019, the logistics costs were a substantial burden on the economy, accounting for about 13% of the GDP. Recognizing this, the Indian government implemented several reforms aimed at reducing these costs to approximately 8%. Key initiatives included the introduction of the Goods and Services Tax (GST) and FasTag, substantial investments in infrastructure, the establishment of dedicated freight corridors, and the creation of a Unified Logistics Interface Platform.

BECQUER ENERGY HARNESSES SOLAR POWER FOR INDIA • A global solar energy solutions innovator and provider, Becquer Energy, a clean energy technology manufacturer with its genises in Singapore, sees itself in a pivotal role in India's energy landscape contributing towards the clean energy targets and overall energy security of the nation. With focus on research, innovation, cutting-edge technology and futuristic strategy, Becquer, is propelling India towards its ambition of becoming a solar superpower and amplifying sustainability. The company is proud of an impressive profile, offering products of high quality and performance, yet value for money.

A Versatile Man, Mentor, Visionary Leader • Ahead of his time, Narayanan Vaghul championed venture capital, establishing the over-the-counter exchange and co-promoting the National Stock Exchange

“Looking at using AI to make members future-proof” • ICAI President Ranjeet Kumar Agarwal talks about adapting to technological advancements, ICAI’s Centres of Excellence, and more

Urgent Action Needed on Climate Change

D-STREET ANGELS • FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP WORLD

BUYING INTO THE BOOM

CALCULATE YOUR MOVE

AKSHA KAMBOJ: THE POWER PROPELLING ASPECT GLOBAL VENTURES TO UNPRECEDENTED SUCCESS • It takes a nonconformist to shatter stereotypes and Aksha Kamboj, Executive Chairperson, Aspect Global Ventures, did the same as she helping her company climb the summit of success. Through resilience and...