Keyword : Business

Women on board: Indian companies’ board room is now family room

The intention is good but the compliance seems to be skewed and defeats the purpose. In February 2014, market regulator Securities and Exchange Board of India (Sebi) had issued a directive asking c

Modi building a USA in Asia, calls unity and shared prosperity

Prime minister Narendra Modi seems to be building a USA in the backyard.  On Tuesday, he called for unity among Asian countries and said they must work as Asians to shape the world and reform

Telangana goes for revolutionary right to clearance policy for industries

What has been termed as imaginative and somewhat bold, the Telangana government’s maiden industrial policy comes with a unique feature — Right to Clearance for industrial projects, whic

Making tribal entrepreneurs

Appropriate policies and practices for skills development currently occupy a dominant place in development discourse. But the focus is more on skills development for employability. Equally importan

All you wanted to know about insolvency and bankruptcy code

Before making an investment, an investor has to consider not only the best-case scenario but also the worst-case scenario – unless a unit is allowed to close down properly if the business goe

Global economies need to adopt new business models: APO

The Bangkok Outcome Document, released by the Asian Productivity  Organisation (APO), calls upon global economies to explore and adopt new business models to achieve long-term business sustain

DeMo can’t fight black money: Leading business body

  If fighting black money is the aim, demonetisation is the wrong weapon, says India’s largest and oldest business body.    “Demonetisat

Here’s why India did so well in ease of doing business

India carried out a number of reforms that helped the country dramatically improve its rankings by 30 spots to 100th position in the

The cost of Ease of Doing Business ranking

The ‘Ease of Doing Business’ report of the World Bank could not have come at a better time for the NDA government. The first anniversary of demonetisation, where everything from plannin

UP Investor Summit: Will promise convert into performance?

The UP investors’ summit has received an overwhelming response. On the opening day, Wednesday, 1,045 memorandums of understanding (MoUs) worth Rs 4.28 trillion were signed at the summit &ndas

Yogi will have to come out of spell of Maya

Uttar Pradesh, a state not known as investors’ paradise, is making news. On the opening day of the UP Investors’ Summit, the state attracted memorandum of understanding (MoUs) worth a w

“Sweden not just makes in India, it also exports from India”

Soon after the India Sweden Business Day (November 12) in Stockholm, Indian ambassador to Sweden Monika Kapil Mohta spoke to Rupali Mehra on business ties between the two sides, the ‘Make

Banks must give MSMEs required support: RBI director

Given the government guidelines under which units have to work and lack of bank support to the MSME sector, a V shape recovery cannot be expected, and the road ahead will be slow and painful.

Focus on core business: Jumboking founder Dheeraj Gupta

Dheeraj Gupta, founder of the home-grown vada pav brand Jumboking, says it is important to believe in your core business, remain focused and become business specialists rather than generalists.

Unlocking the value of renewable energy assets through InVITs in India

India has been witnessing a sluggish demand growth for power amidst COVID-19. It has affected both thermal as well as renewable energy (RE) sector. While thermal sector (coal) plant load factor (PL

PLI scheme to boost IT hardware manufacturing

A production-linked incentive (PLI) scheme with a cost of Rs 7,350 crore over four years was approved by the union cabinet Wednesday, aiming to boost domestic manufacturing and attract global inves

Do you know these hidden forces behind your economic and business decisions?

Predictably Irrational By Dan Ariely Harper Perennial, 384 pages, Revised edition: 2010 In this meticulously researched work, Israel-

Pandemic pushed 283 firms into insolvency process

As many as 283 firms were admitted into corporate insolvency resolution process (CIRP) between April and December last year, as the pandemic and lockdown came to hurt businesses. As

“No ratings certainly better than bad ratings”

Though there is no weekly viewership data for individual news channels coming since mid-October 2020, after allegations of manipulation of television rating points (TRPs) by three news channels, pe

Gujarat’s smart move with smart app for unorganized workers

The Government of Gujarat has launched a web portal and a mobile application to facilitate online registration of workers from the unorganized sector by giving them smart cards for availing various

Digital will not checkmate television: Vikram Sakhuja

Despite the digital medium giving stiff competition to TV and having high penetration across the country, television will remain the preferred option. According to Vikram Sakhuja, Group CEO, Madiso

A public policy bridge across the digital divide

There has been an active debate globally and in India about the digital divide. This debate has gained additional weight during the Covid-19 pandemic because the acceleration of the need for digita

IBC is like a nuclear arsenal: Its value lies in deterrence not in use

The Standing Committee on Finance of the parliament has come out with a report on implementation of the Insolvency and Bankruptcy Code (IBC) - pitfalls and solutions. It was presented in both house

WFH temporary phenomenon; realty to exponentially grow in long term: Hiranandani

While the pandemic has brought radical changes in the way people work and work-from-home (WFH) has become the standard protocol of following Covid-appropriate behaviour world over for almost 18 mon

Five years of IBC: Five takeaways and five suggestions to make it better

The Insolvency and Bankruptcy Code (IBC) 2016 was enacted in May 2016. It was a milestone event in the financial sector reforms. In its five years of journey, five key takeaways of IBC are as follo

Why Mumbai should be the OTTICITY of future

OTT is here to stay. Even after Covid restrictions are lifted to open cinema halls and multiplexes, customers will still continue to subscribe to the OTT platform for its user-friendly formats, pri

Do we need to treat everybody fairly?

Inconspicuously Human By Uday Singh

How to motivate yourself and your team

The world is still adjusting to the impact of the pandemic, and employees

Gati Shakti: The National Master Plan

The launch of the Gati Shakti master plan will be a booster dose for India growth story. The plan, as the name indicates, will ensure Gati, i.e., speed and Shakti, i.e., empowerment to the ₹1 tri

Bill Gates, charity and the dilemma of already successful people

Mantra and the meaning of Success By Rajesh Talwar Bridging Borders, 288 pages Rajesh Talwar, who works as Deputy Legal Adviser to the Uni

SRE is a mindset

In 2010, I attended a self-development program called ‘Seven Habits of Highly Effective People’.  This program deeply impacted me, and I underwent a life-changing experience. Steph

Medical Metaverse

Many years ago when I was young, I used to watch my sister play a game called ‘The Sims’. It was at its time one of the best life-simulated video games ever sold and it engrossed her co

CSR and sanitation: Good beginning, challenges ahead

The Swachh Bharath Abhiyan was launched in 2014 to eradicate open defecation (OD) by 2019 and make India open defecation free (ODF). The program focused on providing subsidies for the construction

Is a 4-day working week feasible in India?

In the early days of human civilization, man had to work all seven days a week as a hunter-gatherer in order to meet his basic needs. As time went on, man developed tools and machinery and with the

Axis Bank-Citibank deal: What it means for stakeholders

Merger is a corporate strategy involving two companies to combine and form a new legal entity under a common corporate name. Merger deals between industry rivals have always attracted considerable

How HDFC-HDFC Bank merger is a win-win deal – for all

Merger as a corporate strategy involves two companies coming together to form a new legal entity under a common corporate name. Mega merger deals have always attracted considerable attention from a

Sardar Patel and the making of a new India: A diamond tycoon reminisces

Diamonds Are Forever, So Are Morals: Autobiography of

Women in workforce: Despite policy support, why it is declining

Michelle Obama once said, “No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contributions of half of its citizens.” That should be

These tribal women may be illiterate but are successful entrepreneurs

Meet Promila Krishna, 39, Lalita Nayak, 40, Parbati Gadba, 42, Sanadei Dhuruwa, 39, and Nabita Barika, 41, of Kundra block in Odisha’s Koraput district. Except for Promila who is a matriculat

ONGC to spend Rs 31,000 crore over 3 years on exploration

India’s state-run ONGC (Oil and Natural Gas Corporation) has said that it plans to increase production by 20% by 2025. The behemoth aims to spend Rs 30,000 crore on capital expenditure in 202

GAIL to monetise assets worth Rs 4,000 crore

GAIL has said that it expects to monetize Rs 4,000 crore of its assets in the FY 2022-23.The state-owned company saw an increase of 6% sales demand last year and expects a stable 6% to 8% sales gro

First time in entertainment industry: Watch Now Pay Later

Every month the Reserve Bank of India releases figures of Deployment of Gross Bank Credit by Major Sectors. While going through the recent release as on April 22, one striking feature was unmissabl

How did a nondescript YouTube channel become a unicorn startup?

Unacademy is the biggest example of how success doesn’t have a single refined route. It stems from an idea, led by perseverance and unmatched dedication. It is a story of friends who gave

Hospitality industry and security environment

The hospitality industry is one of the areas which were hit worst due to the Corona pandemic. Even then, the operators as well as owners in this field deserve congratulations for successfully overc

India’s bioeconomy to touch $300B by 2030

Bioeconomy will be key to India’s future economy over the next 25 years, says union minister of state (independent charge) science and technology Dr Jitendra Singh. Releasing &

Cloud inclusivity: Ensuring highly regulated organisations are ready for a cloud-first world

Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undou

Antitrust in the Digital Era: Error 404

‘A market structure characterized by a single seller, which exerts a stronghold over others in the marketplace.’ Monopolies have existed since markets were created, and they present inh

India’s aviation sector yet to come out of air pockets after Covid

India is the third largest aviation market in the world, after the UK and China; and the country’s aviation sector is expected to grow tremendously over the next few years. Most of the major

How New Generation looks at investment landscape

Anupam Gupta’s new book, ‘The Wisest Owl – Be Your Own Financial Planner’ (Penguin), uses the wisdom and experience of India`s top personal finance professionals – Dil

How the Hindi Newspaper Business Changed

The Journey of Hindi Language Journalism in India: From Raj to Swaraj and Beyond By Mrinal Pande Orient BlackSwan, 188 pages, Rs 1,195.00

Govt e-Marketplace sellers report more business

“My volume of business has increased ever since I registered on GeM (Government e-Marketplace) in 2017. Earlier, I could supply items only in the vicinity of my shop in Fort area and only wit

Azim Premji: An ‘Iconic Indian’ who is extraordinary businessman, philanthropist

Iconic Indians: 75 Extraordinary Individuals Who Inspired the Country By Sanjeev Sanyal and Rajesh Singh Rupa Publications, 360 pages, Rs 695  

CCI imposes penalty of Rs. 936.44 crore on Google

The Competition Commission of India (CCI) on Tuesday imposed a penalty of Rs. 936.44 crore on Google for abusing its dominant position with respect to its Play Store policies, apart from issuing a

Coal production rises by 18% to 448 MT

The total coal production in the country stands at 448 million tonnes (MT) for the month of October 2022 which is 18% higher than the production of the corresponding period of last year. The growth

The changing nature of CSR in India

With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environmen

“World headed towards stagflation; India must take care of the poor”

As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected

World growth expected to face inflation pressures

World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property market deteriorates, says Fitch Ratings

India Inc. is now looking at CSR through a new lens

Corporate social responsibility (CSR) has grown concurrently and risen to enormous prominence in recent years. Initially, business owners started CSR by making charitable donations in an unstructur

As people resume travelling, Railways` passenger earnings up by 71%

As the ‘third wave’ of Covid-19 subsided and people resumed travelling after a long gap, the railways’s earnings have recorded a sharp uptick. The total approximate earnings in th

Incentives approved to promote RuPay debit cards, low-value BHIM-UPI transactions

The union cabinet on Wednesday approved an incentive scheme for the promotion of RuPay debit cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022.

Trends in Advertising: A Governance Now Roundtable

It is time for digital media to convert impressions to GRPs (gross rating points) to get measurement numbers. An advertiser is entitled to know the content where their ad is placed. These were amon

Banks must hear borrowers before declaring their accounts as frauds: SC

In a judgment with far-reaching implications, the Supreme Court has held that the civil consequences of an account being declared as fraud under the Reserve Bank of India (Frauds Classification and

India’s overall exports cross all-time high of $750 billion

India’s overall exports, including services and merchandise, have crossed US$750 billion, minister of commerce and industry Piyush Goyal has announced. This is an all-time high and this achie

Logistics has become the centerpiece of India`s policy: Piyush Goyal

Logistics has become the centerpiece of India`s policy making in its journey towards becoming a developed nation and a leader in international trade, union minister of commerce and industry Piyush

What you can learn from Rakesh Jhunjhunwala

The Big Bull of Dalal Street: How Rakesh Jhunjhunwala Made His Fortune By Neil Borate, Aprajita Sharma, Aditya Kondawar Penguin Business, 256 pages, Rs 399

The importance of Governance in ESG paradigm

The journey of ESG is a bridge from ‘qualitative change’ to a ‘measurable value’. ESG is the consideration of E-S-and-G non-financial issues, alongside financial factors, wh

Why climate change is everyone’s business

MADE IN INDIA: 75 Years of Business and Enterprise By Amitabh Kant Rupa, 240 pages Rs 595 Seventy-five years after India attained freedom at

All you wanted to know about Medical Device Policy

The union cabinet, chaired by prime minister Narendra Modi, approved the National Medical Devices Policy, 2023 on Wednesday. The medical devices sector in India is a sunrise sector w

Drivers canceling trip after booking No 1 problem for users

Drivers cancelling the trip after booking was the biggest difficulty 73.4% (1196) faced by users of cab aggregators, according to an online survey by the consumer rights body, Mumbai Grahak Panchay

All you wanted to know about Production Linked Incentive Scheme 2.0 for IT Hardware

The union cabinet on Wednesday approved the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crore. Context: *

Duty of stakeholders to provide cost effective, alternate energy fuels: Gadkari

Urging use of alternative and cost effective fuels to reduce pollution caused by vehicles, union road transport and highways minister Nitin Gadkari on Thursday said finding cost-effective fuels is

GST revenue in May clocks 12% y-o-y growth

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (includin

10x growth in procurement from Govt e-Marketplace in 3 years

Union minister of commerce and industry, consumer affairs, food and public distribution and textiles Piyush Goyal highlighted the ``10x`` growth in procurement from Government e-Marketplace (GeM) i

India can become Green Hydrogen exporter: Jitendra Singh

India has the potential to be a Green Hydrogen exporter, minister of state (independent charge) science & technology Dr Jitendra Singh has said. Addressing the International Conf

India, US join hands, Operation Broader Sword stalls 500 illegal shipments

Over 500 shipments of illicit, and potentially dangerous, unapproved prescription drugs, combination medical devices, and synthetic drug precursors were stopped from reaching American consumers in

$19.5 bn Foxconn–Vedanta chip deal falls flat

Taiwan`s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with the billionaire Anil Agarwal-led metals-to-oil conglomerate, Vedanta. Issuing a statement on Mond

Global trade – and its discontents

The Global Trade Paradigm: Rethinking International Business in the Post-Pandemic World By Arun Kumar HarperCollins, 352 pages, Rs. 699

Traditional Vs agile finance function today

Last three years have sparked off waves of innovation and entrepreneurship. One area is digitisation in every domain. According to some estimates, 85,000-plus start-ups embarked on their journey la

Building resilience for business growth in disruption era

This article aim to look at how CFOs are tackling new challenges in the digital era. Over the last few years, many companies have been disrupted not by their other competitor but by

Making sense of Insolvency and Bankruptcy Code

From December 2016, the Indian business community at large, bankers and financial institutions, among other stakeholders, were introduced to a new comprehensive legal and institutional machinery &n

Domestic airlines show 38.27% growth in passenger numbers

The domestic aviation industry has witnessed a remarkable surge in passenger traffic during the first eight months of 2023. According to the latest data analysis, the number of passengers carried b

Vibrant Gujarat not just about branding, also an event of bonding: Modi

Prime minister Narendra Modi addressed the programme marking 20 years celebration of the Vibrant Gujarat Global Summit at Science City in Ahmedabad on Wednesday. The Vibrant Gujarat

REC reports highest-ever quarterly net profit of Rs 3,773 crore

State-run REC Limited, a Maharatna  company, on Wednesday declared its second interim dividend of Rs 3.5 per share for FY2024. Earlier, in August, the company’s board had approved its fi

Global bodies upbeat about India`s economic growth: Modi

Prime minister Narendra Modi inaugurated the 10th edition of Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar on Wednesday. The theme of this year’s summit is ‘Gateway

Interim budget: What various sectors, taxpayers can expect

As the fiscal year concludes, heightened expectations surround the upcoming interim budget, which serves as a precursor to the comprehensive budget. This interim budget is anticipated to address ke

Interim Budget: Real GDP projected to grow at 7.3% in FY 2023-24

A Summary of the Interim Union Budget 2024-25 * CAPITAL EXPENDITURE OUTLAY FOR THE NEXT YEAR IS BEING INCREASED BY 11.1 PER CENT TO RS 11,11,111 CRORE, WHICH WOULD BE 3.4 PE

Interim Budget: Economy resilient, maintains healthy fundamentals

Despite uncertainty from adverse geopolitical developments and expansionary fiscal measures taken during the COVID-19 pandemic, the Indian economy has demonstrated resilience and maintained healthy

Cyber security audits: A case for institutional support

Ever since the internet started being used for commercial purposes, cyber security audits have become a routine requirement.  Considering that this change is fairly recent, these audits too ar

Comments sought on Draft Guidelines for Prevention of Misleading Advt in Coaching Sector

The Central Consumer Protection Authority has sought public comments on the ‘Draft Guidelines for Prevention of Misleading Advertisement in Coaching Sector’. The draft g

“Globally, there is unprecedented positivity for India”

Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourt

Government approves E-vehicle policy

The union government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EV) with the latest technology can be manufactured in the country. The policy is desig

Startup Mahākumbh witnesses record-breaking participation

Startup Mahakumbh, India`s largest and first-of-its-kind startup event, registered record participation, serving as a vibrant platform for all stakeholders in the Indian startup ecosystem.

Indian banks` profitability to remain resilient: Fitch Ratings

Indian banks` profitability is likely to continue to improve, although net interest margin (NIM) compression will limit earnings upside over the medium term, according to Fitch Ratings.

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way c

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032

How infra development is shaping India story

India is the world’s fifth largest economy with a GDP of USD 3.7 trillion today, and it is expected to become the third largest economy with a GDP of USD 5 trillion in five years. The Narendr

Banks not adhering to RBI guidelines, finds study

Banks across India are levying inconsistent service charges on basic savings accounts. A study, “Benchmarking Reasonableness of Service Charges by Banks in India”, uncovers and exposes

What exactly is the true purpose of business?

Invaluable By Somik Raha IndiePress, 316 pages, Rs 701

Coal production rises by 14.49% in June

India’s coal production for June 2024 reached 84.63 MT (Provisional), with a growth rate of 14.49% compared to the corresponding period in the previous year, which was 73.92 MT.

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget

All you want to know about Union Budget, in one place

SUMMARY OF THE UNION BUDGET 2024-2025 Key points INDIA’S INFLATION CONTINUES TO BE LOW, STABLE AND MOVING TOWARDS THE 4

Union Budget: New tax regime made more attractive

Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by finance minister Nirmala Sitharaman while presenting the Uni

Why job quota in India’s ‘Silicon Valley’ will be self-defeating

Shooting oneself in the foot with a regressive step for short term political gains is how I would define the Karnataka government’s recent decision to reserve jobs in the private sector for t

Envisioning a better future of facility management

Among the various aspects of sustainable facility management, green cleaning has emerged as a pivotal strategy. By adopting green cleaning practices, facility managers can significantly reduce envi

How India can offer data protection to SMEs

Cyberattacks have become a daily phenomenon around the globe, especially in India. In the first half of 2024 alone, India has witnessed 593 cyber incidents, comprising of 388 data breaches, 107 dat

How a successful company is like a castle

Your Company Is Your Castle: How to Build a Successful Company By Sandeep Chennakeshu Aleph Book Company, 320 pages, Rs 899

How money works – and how to make it work for you

Unlocking Wealth: Secrets to getting Rich at any age By Rohit Sarin Aleph Book Company, 224 pages, Rs 599

Nation bids farewell to Ratan Tata

It is the end of an era with Ratan Tata’s passing away. The former chairman of Tata Sons died of age-related illnesses at the Breach Candy Hospital in Mumbai late Wednesday. He was 86.

Cabinet approves Rs. 1,000 crore VC Fund for space sector

The Union Cabinet, chaired by prime minister Narendra Modi, on Wednesday approved the setting up of a Rs. 1,000 crore Venture Capital Fund dedicated to space sector, under aegis of IN-SPACe.

Changing Dynamics of Film Business

The vast Indian film industry is among the oldest in the world and is a leading producer of films, churning out the largest number of movies annually. Renowned for its grandeur and widespread appea

Launched: TATA Aircraft Complex to manufacture C-295 aircraft

Prime minister Narendra Modi and his Spanish counterpart, Pedro Sanchez, jointly inaugurated the TATA Aircraft Complex for manufacturing C-295 aircraft at TATA Advanced Systems Limited (TASL) Campu

Improving Ease of Doing Business in telecom sector: Addressing legacy challenges is a must

India`s telecom industry stands as a global powerhouse, ranking second in size with a subscriber base of 1.095 billion as of July 2024, including wireline and wireless. With the rapid expansion of

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


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