Business Today

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Coke’s Indian Formula

Business Today

HIGH TIME • THE RECENT CHAOS AT DELHI AND MUMBAI AIRPORTS HAS AGAIN PUT THE SPOTLIGHT ON AVIATION INFRA EVEN AS AIR TRAFFIC RETURNS TO PRE-PANDEMIC LEVELS

RED ALERT • Despite the tense relations between neighbours India and China, trade has been flourishing between the two largest economies of Asia. Their total trade crossed the $100-billion mark for the first time in 2021-22. Comparatively, trade was at $86 billion in FY21 and $76 billion in FY12. In H1FY23, total trade stands at $60.2 billion, and it is on course to cross the $100-billion mark for the second consecutive year. However, because of almost one-way trade flows, India’s trade deficit with China has already reached $44.6 billion in the first six months of the current financial year. Here’s a look at India’s key trade numbers vis-à-vis China

Missing in Action • A clutch of top brands in both two- and four-wheelers has opted out of Auto Expo 2023. But that may have more to do with Covid-19 of 2022 than any defining trend

Been There, Done That • Covid-19 has reappeared, but organisations are not too concerned. They say they are well-prepared to ensure business continuity

NO PANIC, ONLY PREPARATION

Hard Lessons • As the child rights commission pulls up BYJU’S for its alleged exploitative sales practices, the edtech giant has proposed an action plan to establish fairness. But will that be enough?

AFFORDABLE OR NOT?

On Track, But… • …an early resolution to a dispute over a land parcel in Mumbai will help expedite India’s first bullet train project

FOCUS TECHNOLOGY

THE NEED FOR SPEED • Initially expected to be completed by 2023, the bullet train project has been delayed by three years due to hurdles in land acquisition

An Uncertain Future for Videocon • Erstwhile promoter Venugopal Dhoot is in a messy situation and his businesses could go into liquidation. Of particular interest is the Ravva oilfield, in which his group owns 25 per cent stake

TWISTS AND TURNS

COKE’S BILLION-DOLLAR BABIES • WITH A STRATEGY THAT COMBINES DISRUPTIVE AND CONVENTIONAL, COCA-COLA INDIA HAS TURNED THUMS UP AND SPRITE INTO BILLION-DOLLAR BRANDS, AND IS NOW AIMING TO GET MAAZA INTO THE CLUB, LEAVING COMPETITION BEHIND IN ITS WAKE

FIZZY DREAMS

BLAST FROM THE PAST

MOVING SOUTH • SPIKING HOME PRICES AND RISING INTEREST RATES ARE PUTTING OFF BUYERS, SENDING REAL ESTATE DEMAND ON A DOWNWARD CURVE

‘INDIA SHOULD BE A HUB FOR RESILIENT SUPPLY CHAINS’ • Punit Renjen, CEO Emeritus of Deloitte, shares his views on the India growth story, climate change and mental health

THE HUNGRY INSURER • ICICI LOMBARD GENERAL INSURANCE HAS LEAPFROGGED FROM FIFTH TO SECOND SPOT IN TERMS OF MARKET SHARE AFTER ITS MERGER WITH BHARTI AXA. NOW, IT IS GUNNING FOR THE TOP SPOT ON THE BACK OF ORGANIC GROWTH AND A FOCUS ON THE RETAIL HEALTH SEGMENT

SITTING ON A PILE

WINTER WARRIORS • WITH START-UP VALUATIONS HITTING REALISTIC LEVELS AND WITH NO FEAR OF MISSING OUT, VENTURE CAPITALISTS ARE SITTING ON MASSIVE DRY POWDER AND ARE IN NO RUSH TO INVEST

FORMULATING SUCCESS • FOLLOWING ITS DEMERGER FROM PIRAMAL ENTERPRISES, PIRAMAL PHARMA LIMITED IS CHARTING OUT AN AGGRESSIVE GROWTH STRATEGY TO EMERGE AS ANOTHER PHARMACEUTICALS GIANT

A NEW PLATTER • TRADITIONAL FULL-SERVICE BROKERS ARE QUICKLY DIVERSIFYING TO OFFER A BOUQUET OF FINANCIAL SERVICES TO ADDRESS THE DECLINE IN BROKING INCOME AND NEW PLAYERS AND INVESTORS ENTERING THE MARKET

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