12-Jan-20

Business Today

For Managing Tomorrow

Business Today2 min read
Mission GST
The Goods & Services Tax (GST) is no ordinary tax. It is conceived to be the lifeline of India’s tax collection machinery – to plug loopholes, digitise and formalise one sector after another. Once exempted industries such as liquor, real estate and f
Business Today1 min read
Slowdown Hits Energy Demand
Electricity consumption fell 13.2 per cent in October from a year ago, posting the steepest decline in over 12 years. Power demand in the two most industrial states also fell – 22.4 per cent in Maharashtra and 18.8 per cent in Gujarat Source: Central
Business Today13 min read
Gaming Gst
Ranchi-headquartered ‘Baba Rice’ is a household name in the eastern part of India. Even though it’s not a premium Basmati brand, an average consumer in Jharkhand or adjoining Odisha would prefer it to national brands such as Daawat or India Gate as i
Business Today1 min read
How The Game Is Played
Fake invoices are sold for 1-2 per cent commission. For example, by selling a fake invoice (of something that has 8 per cent GST) of, say, ₹500 crore, one can make ₹5-10 crore; the buyer can claim input tax credit of up to 18 per cent A business can
Business Today8 min read
Gst Shock For States
Even as the country was glued to protests against the Citizen Amendment Act, state representatives had gathered in the national capital on a wintery December evening to discuss something as mundane as improving collections from Goods and Services Tax
Business Today5 min read
Legal Shocker
The National Company Law Appellate Tribunal (NCLAT) delivered a body blow to the 150-year-old, $110-billion, salt-to-software Tata group when it reinstated former chairman Cyrus Mistry, who was unceremoniously removed in October 2016. It also asked c
Business Today7 min read
Lacking Bite
The Serious Fraud Investigation Office (SFIO), the government agency that investigates white-collar crimes in India, made its first arrest on 8 August 2019, almost two years after it was given the powers to do so in 2017. And it was a big catch. SFIO
Business Today7 min read
Work In Progress
Depending on who you speak to, the Personal Data Protection Bill, 2019, draws out extreme responses. Justice B.N. Srikrishna, a former judge of the Supreme Court of India, dubbed the latest version of the Bill, cleared by the Cabinet, “dangerous” and
Business Today4 min read
Pumping It Up
If there’s one class of investors that has been buying into the India growth story despite gloom on all major economic parameters, it is Foreign Portfolio Investors (FPIs). They have pumped in over ₹92,477 crore, on a net basis, in Indian equities si
Business Today5 min readPsychology
Peace focus Work
At PeopleStrong’s office in Gurgaon, at 11 am sharp, lights are dimmed and, for ten minutes, the speakers play music that can calm nerves. People stop working, focus on their thoughts, and are expected to just be with themselves. The aim is to help t
Business Today8 min readComputers
When Manufacturing Goes 3d
Athmika was born with a rare condition. She did not have a sternum (breast bone), which protects the heart, major blood vessels and lungs. She had to be operated upon but it was not an easy surgery. The team of doctors at Amrita Institute of Medical
Business Today1 min readTechnology & Engineering
The User Club
JSW Steel uses 3Dprinted oil sealing rings manufactured by Siemens that keep oil separate from steam inside industrial steam turbines. The rings have been installed on turbines at its plant in Salem, Tamil Nadu A couple of years ago, ISRO used 3D-pri
Business Today7 min read
If There’s An Element Of Failure, Try To Fail Fast
AstraZeneca’s research turnaround is unique in global drug history. What is the secret sauce? I became chairman in 2012 and decided to replenish the pipeline. So, we hired Pascal Soriot (the company’s Executive Director and Chief Executive Officer).
Business Today10 min read
Your Money in 2020
The year 2019 saw high volatility in stock markets but also the formation of a stable government. Towards the end of the year, the Sensex crossed the key level of 41,000, even though India registered its lowest quarterly growth in GDP in six years in
Business Today7 min read
High Risk, High Reward
Portfolio management services (PMS), which offer tailor-made portfolios, have been a preferred choice of high net worth individuals (HNIs) and ultra HNIs for quite a few years now. With deep pockets and high risk-taking ability, these investors hunt
Business Today2 min read
Money Matters
I live in Delhi. Last month, the final EMI of my five-year-old auto loan was deducted from my account. It has been more than 30 days but I have not received my NOC from the bank. Should I wait or approach the lender? What is the process of getting th
Business Today8 min read
Time For Disruption
We live in disruptive times. As technology is changing the way most businesses function, they have to deal with blistering change. This year’s theme of the seventh edition of the annual conclave, Business Today MindRush, ‘Disrupt or Die’, was apt for
Business Today1 min read
Advantage GVK
Anyone who has followed tennis star Sania Mirza’s game is unlikely to have missed the power unleashed by her forehand or the letters emblazoned on her sweatshirt - GVK. G.V. Krishna Reddy, 82, the founder of the eponymous group, spotted the talent in
Business Today1 min read
The Tough Get Going
Tata Group Chairman N. Chandrasekaran, fondly known as Chandra, is not only an expert marathoner but also a seasoned trekker and mountain climber. Chandra’s passion for trekking precedes his love for marathons. Over the years, he has participated in
Business Today2 min read
Me-time With Tabla
From realistic and edgy digital shows to melodramatic soap operas on television and hit films such as Dream Girl, Nachiket Pantvaidya, Group COO, Balaji Telefilms and CEO, ALTBalaji, is in the business of entertaining Indian masses across multiple pl
Business Today1 min read
Flight Mode
Known for his uncanny lifestyle, futuristic businesses, and the habit of staying in the news, Virgin Group Founder Richard Branson seems to have a strong liking for all things that fly. Take, for instance, his fondness for kitesurfing, an aquatic spo
Business Today2 min read
“An Entrepreneur Should Always Stay Involved In The Business”
G.V. PRASAD, Co-chairman and Managing Director, Dr. Reddy’s Laboratories Q. What was the problem that you were grappling with? A. Little over a year ago, I was grappling with issues around succession and felt I should move on and step aside from my r

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