3 March 2024

Business Today

For Managing Tomorrow

Business Today2 min read
Zomato’s New Delivery Route
Deepinder Goyal, 41, is one of those early start-up stars who are followed widely by young Indians wanting to take the entrepreneurship plunge. Goyal’s Zomato—together with arch-rival Swiggy—dominates the country’s food delivery landscape. However, t
Business Today1 min read
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Business Today1 min read
Fiscal Prudence
Union Finance Minister Nirmala Sitharaman outside the finance ministry on the Interim Budget day NOTE DATA FOR FY25 IS INTERIM BUDGET, FOR FY24 IS REVISED ESTIMATE SOURCE: UNION BUDGET, CMIE +FOR A RELATED STORY, TURN TO P40 The jump in allocation fo
Business Today3 min read
On A Solid Footing
SHRUGGING OFF THE impact of two ongoing wars across the world, Indian businesses now seem to be on a firmer footing and optimistic about the future. This is reflected in the BT-C Fore Business Confidence Survey of 500 chief executive officers (CEOs)
Business Today1 min read
Public Demand
GIVEN ITS STRONG PERFORMANCE SINCE MARCH 2020, THE BSE PSU INDEX IS CLOSING IN ON THE SENSEX IN TERMS OF RETURNS DELIVERED IN THE PAST 10 YEARS THE COMBINED PROFIT AFTER TAX OF LISTED PSUs HAS SURGED MORE THAN TWO TIMES SINCE FY14 NOTE RECENTLY LISTE
Business Today4 min read
In Trouble
PAYTM FOUNDER Vijay Shekhar Sharma, a Bollywood buff, finds himself confronting the kind of existential crisis often found in cinema. This is because the Reserve Bank of India (RBI) has asked the group’s Paytm Payments Bank (PPBL) to halt most of its
Business Today3 min read
Back With A Bang
ONE OF THE miracle stories in the aftermath of the devastating Covid-19 pandemic has been the Indian box office. It has demonstrated not only remarkable resilience in the face of other technological advancements, such as the rise of streaming service
Business Today8 min read
Zomato’s Fresh Menu
DEEPINDER GOYAL WAS ready to put everything on the line. It was a blistering May afternoon in 2022, and the Zomato Co-founder & CEO was engrossed in discussions about a potential buyout of quick commerce player Blinkit with CFO Akshant Goyal at the C
Business Today1 min read
Box Office Magic
▸ THE INDIAN BOX OFFICE IS ONE OF THE BIG MIRACLE STORIES TO HAVE EMERGED AFTER THE COVID-19 PANDEMIC ▸ INDIA’S BOX OFFICE HAS EXPERIENCED A NOTABLE GROWTH OF 12%, REACHING $1.5 BILLION IN 2023 FROM $1.3 BILLION IN 2019 ▸ THIS STANDS IN STARK CONTRAS
Business Today3 min read
“Every Product Category Is On A Growth Path”
THIS JANUARY, at the meeting of the World Economic Forum in Davos, India was in the limelight, with a host of global corporate leaders and experts who had converged at the ski resort, discussing the country and its prospects at various fora. One of t
Business Today1 min read
The Road Map
From a platform for restaurant discovery, Zomato has become a successful food delivery player Its core customer base is 30-40 million and every new foray is targeted at them After being in the red for a while on the back of high capex and everything
Business Today4 min read
“Blinkit Will Be Larger Than Zomato”
DEEPINDER GOYAL, 41, is a reticent person. Not known to give too many interviews, the Co-founder and CEO of food delivery platform Zomato meets Business Today on a cold afternoon at his sprawling Dera Mandi farmhouse in the capital. In the midst of l
Business Today8 min read
Blueprint For The Future
COMING AHEAD OF the crucial 2024 General Elections, there was much anticipation in the run-up to the Interim Budget 2024-25. Though the government had repeatedly emphasised that there wouldn’t be any big-bang measures aimed at shoring up votes before
Business Today9 min read
“South Tax Devolution Debate Is Politically Motivated”
Nirmala Sitharaman has helmed the finance portfolio in the Prime Minister Narendra Modi-led government for the past five years. In her current term as Finance Minister, she has had to deal with a pandemic, global slowdown and more. And in an election
Business Today4 min read
Four Transformations for Viksit Bharat
THE INTERIM BUDGET, presented on February 1, has brought to mind Prime Minister Narendra Modi’s words from around a decade ago: “I believe growth should be constant, sustained, and inclusive.” The challenge of meeting the economic and social aspirati
Business Today3 min read
Surging Ahead In Surguja: The Adani Foundation Is Empowering Women To Bring Socio-economic Change
Anaso Porte, a woman hailing from Salhi village in Surguja district of Chhattisgarh, is like any other tribal woman belonging to the Gond tribe. She is resilient, determined, and strong. Yet what sets her apart from the rest is her unwavering faith i
Business Today4 min read
VDAs Emerge as a New Asset Class: Indian Investors Diversify Their Portfolios with VDA
Could you shed light on the renewed interest in the crypto market? What factors do you think are contributing to this discussion? The renewed interest in the crypto market stems from the anticipation of a bull run and key developments like the SEC's
Business Today3 min read
Prudence and Continuity
THE INTERIM BUDGET has surprised many, including the markets. There are surprises both in terms of the direction of the policies but also with respect to fiscal numbers for both 2023-24 and 2024-25. At the same time, it has also ensured continuity as
Business Today1 min read
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Business Today6 min read
“There Is Growing Confidence On India”
SHAKTIKANTA DAS, Governor of the Reserve Bank of India, took charge of the central bank in December 2018. Since then, he has guided RBI with a steady hand during major disruptions such as the pandemic, global geopolitical tensions and economic pessim
Business Today9 min readFinance & Money Management
A World To Win
FIVE YEARS AGO, the National Payments Corporation of India (NPCI), a lesser-known organisation pioneering financial infrastructure in the country, held an offsite meeting for senior management under Dilip Asbe, the newly appointed MD & CEO. The mood
Business Today1 min readFinance & Money Management
The Upi Juggernaut
▸ The bulk of UPI transactions are debit in nature ▸ Monthly UPI transaction volumes are neck and neck with those of Mastercard NOTE DATA FOR 2023 SOURCE NPCI ▸ Robust financials enable NPCI to be self-sufficient in attracting talent and investing in
Business Today2 min readFinance & Money Management
Cash Still King
OVER THE PAST decade, digital modes of payment have seen a massive surge in usage, especially after the pandemic, with Unified Payments Interface (UPI)- led QR codes arming small merchants and the public with instant payments. Today, UPI-based paymen
Business Today3 min readFinance & Money Management
“We Aspire To Play A Bigger Role Globally”
RITESH SHUKLA, CEO of NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI), is taking the home-grown UPI global. The mission is to replicate the success of UPI on a global scale by partnering wit
Business Today7 min read
Inflection Point
THE INDIAN MUTUAL FUND industry definitely ended 2023 on a high. The industry’s total assets under management (AUM) breached the ₹50-lakh crore mark for the first time. This was no doubt a big milestone, but what cheered the industry even more was th
Business Today6 min read
Vibrant Gujarat: Shaping The Narrative Of A New India
Spreading its vibrancy globally, Gujarat has become one of the most preferred states for investments and a role model for other parts of the country. According to official reports, Gujarat attracted USO 31 billion in Foreign Direct Investment (FOi) f
Business Today1 min read
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Business Today4 min read
Right Product To The Right Customer
THE LIFE INSURANCE industry is unique in its mission. It helps protect families financially, helps individuals build wealth to achieve financial goals and lead financially independent retired lives. It acts as an anchor, providing peace of mind and k
Business Today5 min read
Theme party
DUE TO THE combined impact of the government’s emphasis on public sector undertakings (PSUs), coupled with a thrust on infrastructure, sectoral mutual funds ended up receiving significant attention from investors last year. This is evident from the f
Business Today3 min read
“NEW PLAYERS DO NOT NEED TO HARD SELL THE CONCEPT OF MFs”
A. BALASUBRAMANIAN, MD & CEO of Aditya Birla Sun Life AMC, has spent more than three decades in the Indian mutual fund (MF) industry, which is currently seeing heightened traction both in terms of new players coming in and rising assets under managem
Business Today1 min read
Mutual Attraction
THE NUMBER OF NEW FUND OFFERS LAUNCHED IN 2023, COMPARED TO 209 IN 2022 AND 133 IN 2021 ASSETS UNDER MANAGEMENT OF SIPs AS OF DECEMBER 2023, WHICH IS 315% HIGHER THAN THE ₹2.40 LAKH CRORE IN MARCH 2020 NUMBER OF RETAIL FOLIOS IN DECEMBER 2023, COMPAR
Business Today3 min read
“It Is Possible To Grow Wealth Through Small-ticket Investments”
FOR CAREER BANKER Venkat Chalasani, who took over as Chief Executive of the Association of Mutual Funds in India (AMFI) in November last year, enhancing investor awareness through education and outreach programmes while at the same time increasing th
Business Today8 min read
Debt Is Back
APARNA RAJ, A 35-YEAR-OLD IT professional living in Noida, prefers a straightforward approach when it comes to investments. She has a strong preference for the stability and security of fixed deposits (FDs) over risky options like equity or other exo
Business Today7 min read
Chasing The Glitter
INDIANS HAVE ALWAYS coveted the glitter of gold. That desire has stood the test of time, despite challenges from newer financial instruments that promise to deliver better returns. This is visible in the latest data from the World Gold Council. In it
Business Today4 min read
The Youth Factor
SORRY, I don’t have answers. I do have some points to ponder. And I am not going to share lofty statistics on the growth of the Indian mutual fund industry. I am going to share what brings me to work every day after doing the same job (so far!) for 2
Business Today2 min readIntelligence (AI) & Semantics
Everyday AI
The Rabbit R1 is a standalone, pocketable AI companion. With a 2.88-inch touchscreen, this tiny device has a scroll wheel and a rotating camera you can use for visual search. The star of the show is Rabbit OS, based on a Generative AI “large action m
Business Today4 min read
Savouring The Spirit Of Portugal
The Douro River Valley, a meandering, terraced region that produces Portugal’s beloved port wine, is one of the country’s most charming areas. However, unlike the Rhine, Loire and numerous other major rivers in Europe, the Douro has never served as a
Business Today2 min read
Tee Time In Mumbai
ON A RADIANT Friday morning in February, Mumbai’s Willingdon Sports Club was filled with excitement as it welcomed the sixth leg of the prestigious Royal Rantham-bore Business Today Golf 2023–24 tournament. Around 7 am, nearly 100 passionate corporat
Business Today3 min read
Having Your Cake
A QUALIFIED CHARTERED accountant and a corporate finance leader, Vinay Swamy, Country Head of learning company Pearson India, keeps a busy schedule. Yet, he has figured out ways to keep himself focussed and pumped up through the work week by spending
Business Today2 min read
“Focus On The End Goal; Trust But Always Verify”
What was the problem you were grappling with? I have faced my fair share of challenges in life, but I have always seen them as opportunities to rise above them. Our family business, which has evolved over decades, proudly bears our family name. Given

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