Business Today

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The Face-off for Religare

Business Today

Photographik • A VIEW OF THE CHENAB BRIDGE IN REASI DISTRICT OF JAMMU AND KASHMIR

RAGING BULLS • STRONG DOMESTIC INFLOWS AND INCREASING OPTIMISM FOLLOWING THE PRIME MINISTER NARENDRA MODI-LED NDA GOVERNMENT RETAINING POWER FOR THE THIRD STRAIGHT TERM PROPELLED THE INDIAN STOCK MARKETS TO RECORD HIGHS IN THE FIRST HALF OF 2024, DESPITE DOMESTIC AND GLOBAL VOLATILITY. MID- AND SMALL-CAP STOCKS HAVE FARED BETTER THAN LARGE-CAPS, EVEN THOUGH ANALYSTS HAVE RAISED CONCERNS ABOUT THEIR HIGHER VALUATIONS. MARKET ANALYSTS ARE OPTIMISTIC ABOUT THE SECOND HALF OF THE YEAR. ON JULY 3, THE BENCHMARK BSE SENSEX HIT A HISTORIC HIGH OF 80,000 POINTS, SUGGESTING BRIGHT PROSPECTS IN H2. HERE’S A LOOK AT THE MARKETS’ PERFORMANCE IN H1:

SEBI TIGHTENS ITS GRIP • The capital markets regulator is changing tack; it will go after regulated entities that associate with unregistered finfluencers

STRICT STATUTE

Deluge of Discounts • Domestic automakers are luring consumers with monsoon discounts. But such untimely concessions are a sign of rising inventory levels

IN FOURTH GEAR

Succession Challenges • From building the loan portfolio to managing CASA and harnessing the power of AI, SBI’s new Chairman will have his hands full for the next three years

Freedom Jam • Bajaj Auto is looking to reclaim leadership in the entry-level two-wheeler segment with its first CNG-powered bike

PROVIDING CLARITY • The recent I&B ministry clarification on the self-declaration of ads has cleared some doubts of advertisers; more clarity will emerge only with time

SAFE AND SOUND • Apple Intelligence, the Cupertino-based tech giant’s Gen AI model, focusses on privacy and users

PRIVACY PUSH

“Our aim is to gain market share, grow faster than industry” • Prashant Tripathy, MD and CEO of Max Life Insurance, reflects on FY24, what’s in store for the life insurance company, AI interventions, and more

ADANI PORTS CHANGING COASTAL LANDSCAPE • Almost 95% of the trade volumes in India are carried through maritime transport. So, having world-class mega ports is equally important for the Indian coastline as is maintaining its biodiversity. Adani Ports and Special Economic Zone (APSEZ)has strategically built a string of ports (pearls) across the coastline of India along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering more than 90% of the hinterland.

THE BATTLE – FOR RELIGARE • THE BURMAN FAMILY AND THE RELIGARE MANAGEMENT HAVE BEEN ENGAGED IN A LONG, BRUISING BATTLE FOR CONTROL OF THE ₹6,300-CRORE RELIGARE ENTERPRISES. WITH REGULATORS STEPPING IN NOW, WHAT LIES AHEAD?

THE RELIGARE SAGA

THE REMUNERATION ROW

THE MANY TWISTS AND TURNS • THE BURMANS PICKED UP 5.27% IN RELIGARE IN SEPTEMBER 2023, TRIGGERING AN OPEN OFFER ANNOUNCEMENT. BUT THE RELIGARE BOARD SUBSEQUENTLY SOUGHT AN INDEPENDENT VALUATION

SEBI’S INTERIM ORDER

“THE RELIGARE BOARD IS FIRMLY BEHIND ME” • Religare Executive Chairperson Rashmi Saluja on the battle with the Burmans, allegations, and more

‘‘Our approach now is Invest India 2.0” • Invest India MD & CEO Nivruti Rai says along with investments, she is also working on enhancing trade and technology at the national investment promotion and facilitation agency

Splitting Up Together • Separations in family businesses are often precarious and though some are resolved amicably, most come with issues that need to be dealt with via a structured framework

BOT IS BACK • THERE HAS BEEN A 60% EXPANSION IN THE NATIONAL HIGHWAY NETWORK IN...