Business Today1 min citite
BALANCE SHEET ₹31.23 lakh crore POLICIES IN FORCE 28.92 crore PREMIUM INCOME ₹3,79,389 crore FIRST-YEAR PREMIUM ₹31,326 crore ANNUAL SURPLUS ₹55,628 crore NUMBER OF BRANCHES 2,048 apart from 1,526 satellite and 3,354 mini offices AGENTS 12.08 lakh WO
Business Today1 min citite
The Valuation Spoilers
LIC is a government company with legacy assets such as people; political interference, too, is an issue Image of a quasi-sovereign wealth fund, lender of last resort for failed enterprises Product basket skewed towards savings than protection or pure
Business Today1 min citite
Valuation Metrics
a) Initial Estimate Put Out by CEA, Department of Economic Affairs VALUATION ₹12.85-15 lakh crore b) AUM Method Most conservative valuation with assets under management (AUM) is ₹10 lakh crore First-Year Premium Method Most conservative valuation wit
Business Today5 min citite
Reform Pangs
144.52 MILLION TONNES Estimated production of food grains during the 2020-21 Kharif season, a likely record On November 13, representatives of 29 farmer organisations from Punjab met two Central ministers at Vigyan Bhavan, New Delhi. Minister of Agri
Business Today2 min citite
Central Farm Bills Vs State Farm Bills
The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, allows farmers and traders to sell and buy farmers' produce within the state and outside through channels, which are outside regulated APMC markets (mandis), without pay
Business Today7 min citite
Looking For The Thump
The day Royal Enfield launched Meteor, its latest cruiser motorcycle and the most important launch for the domestic market since adventure tourer Himalayan in 2016, 46-year-old Ajay Verma ambled into the company’s showroom in Noida for a dekko. Verma
Business Today2 min cititeTechnology & Engineering
The Incumbent: Bullet
Royal Enfield, the oldest motorcycle brand in the world still in production, needs no introduction in India. Its ubiquitous Bullet cruisers are known for their feel and sound that have given the retro bike a cult following in the country. Enfield has
Business Today3 min cititeMedical
The Vaccine Sprint
Self-certified vaccine efficacy based on alarmingly low numbers of trials are in spotlight as the top three in the race for the world’s first Covid-19 vaccine — Pfizer, Moderna and Gamaleya — all claimed more than 90 per cent efficacy. Even though th
Business Today8 min cititeCookbooks, Food, & Wine
Super Bowl
Back in May, Deepti Verma Chhabria and her husband used to order food from neighbourhood kitchens set up by home chefs. The couple decided not to venture out during the lockdown and was wary of ordering from restaurants. “We thought that the safest w
Business Today1 min citite
Business Today Editor-in-Chief: Aroon Purie Group Editorial Director: Raj Chengappa Editor: Rajeev Dubey Group Creative Editor: Nilanjan Das Group Photo Editor: Bandeep Singh Executive Editor: Anand Adhikari Deputy Editors: Ajita Shashid
Business Today1 min cititeCookbooks, Food, & Wine
Business Basics
There are different models – standalone, hybrid and home chef aggregation – in the cloud/dark kitchen space A large part of the cloud kitchen market is handled by aggregators like Swiggy and Zomato which are trying to increase the average order size
Business Today3 min citite
Retail rush
Client Participation in Capital Markets at NSE (%) * till Sep'20; Source: NSE 36.5 LAKH Number of investors added on the Bombay Stock Exchange since last quarter 82% & 69% Rise in BSE Smallcap and Midcap indices, respectively, since March lows Tradin
Business Today7 min citite
We Are Building A Strategic Disinvestment Pipeline”
The Union Budget targeted ₹2.1 lakh crore disinvestment, of which ₹1.2 lakh crore was to come from CPSEs. Latest data shows only ₹5,000 crore has been realised. All pre-Covid Budgets across the world have gone topsy-turvy. The Coronavirus pandemic is
Business Today13 min cititeMedical
Riding The Vaccine Wave
25% Share of world Covid-19 vaccines to be produced in India $93 billion The size of the global vaccine market due to Covid-19 pandemic, from $41.6 billion in 2018 100+ Countries where Indian vaccines will be supplied “Normally, it doesn't make a gre
Business Today7 min cititeMedical
Remote Care
Seventy three-year-old M.P. Subramanian hails from Narikunni, a small town in Kerala’s Calicut district. A diabetic and a heart patient, Subramanian has to visit his endocrinologist once in every two months. All was going well until the lockdown made
Business Today1 min cititeBiology
Multiple Technologies
Attenuated live virus (ALV) or inactivated dead virus (IDV) are introduced into the body, which develops antigens to fight viruses. The immune system is ready to fight the virus now. Measles, mumps, smallpox vaccines are ALV-based while influenza, ra
Business Today6 min citite
The Net-working Effect
What would you do if you weren’t afraid?” Facebook COO Sheryl Sandberg asks in her international bestselling book Lean In: Women, Work, and the Will to Lead. This powerful question struck a chord with 21-year-old Sanya Khurana. She was just out of co
Business Today1 min cititeBiology
Getting To Develop A Vaccine
A No Objection Certificate to produce vaccine candidate for analytical, test purposes from DGCI. If vaccine is recombinant or involves genetic tweaks, it needs approval from Review Committee on Genetic Manipulation, Department of Biotechnology Apply
Business Today8 min citite
Scary On The Top
Covid-19 was just a seven-month event for equity markets. From a three-year low on March 23 to fresh high on November 6, the 30-share BSE Sensex and its broader peer, NSE Nifty 50, have shown that the only thing certain in stock markets is uncertaint
Business Today10 min cititeBiology
Inside India’s Vaccine Ecosystem
THE BIG INVESTMENTS ON CORONA VACCINES Serum Institute ₹2,100 crore It plans to invest another ₹900 cr Zydus Cadila ₹500 crore Bharat Biotech ₹300-400 crore When the first Corona cases surfaced during January and February in Kerala and Mumbai, it was
Business Today6 min citite
Saving Taxes
AS we near the last quarter of 2020/21, here’s a look at how best to review your tax savings and take steps, if needed, to add that extra bit of money in your pocket. Individuals can save taxes either by investing in government-notified products or b
Business Today1 min cititeMedical
The Plunge Into Vaccine Nationalism
Wealthy nations that account for just 13 per cent of global population have cornered over half of the promised supply of Covid-19 vaccines (Agreed supply, in million doses) Each patient needs two doses of the vaccine. The price varies depending on wh
Business Today2 min cititeCookbooks, Food, & Wine
For Sanjay Agarwal, MD of CenturyPly, tryst with nature has been a lifelong passion inculcated by his father at a very young age. He remembers his father taking him to a river in Tinsukia, Assam, for swimming, when he was eight years old. An avid gol
Business Today10 min citite
Valuing LIC
Chief Economic Advisor K.V. Subramanian recently hinted that the government could mobilise ₹90,000 crore by selling 6-7 per cent stake in Life Insurance Corporation (LIC). This was the first statement by a senior government functionary on the issue a
Business Today1 min cititePsychology
Best Advice I Ever Got
Q. What was the problem you were grappling with? a. I once walked into a role with utmost confidence in my functional skills and my ability to deliver the mandate. While I did succeed, it came with a lot of pain, at the cost of some relationships whi
Business Today6 min citite
Rush To Quality
As lockdown opens across the country, India’s micro economy is finally beginning to show signs of life even as the macro economy remains in deep freeze. But that’s just one of the contradictions the nation’s beleaguered economy is dealing with. Stock
Business Today1 min citite
Total Income
THE LIST (1-200/500) 41.4% Sterling & Wilson Solar Fall in total income to ₹4,900 crore in FY20 from ₹8,366 crore in FY19 THE LIST (201-400/500) 239% Tata Steel long products Growth in total income in FY20 compared to FY19 THE LIST (401-500) For keys
Business Today1 min citite
Anaemic Growth
The average market cap of Bt500 companies rose only 1% in 2020, despite 34% growth in RIL mcap No sector has shown healthy growth Figures are 2020 rank and average mcap (in ₹ cr) for Oct 2019 to Sept 2020 ■
Business Today1 min cititePolitics
Profit After Tax
THE LIST (1-200/500) 62.4% Bharat petroleum Fall in net profit in FY20 compared to the previous fiscal THE LIST (201-400/500) 1,061% indiamart intermesh Sharp increase in net profit in FY20 compared to the previous fiscal THE LIST (401-500) For keys
Business Today7 min citite
APL Apollo: Staying Ahead of the Curve, Confidently
Brand APL Apollo has risen meteorically in the last decade. How was this growth fuelled? If you look at APL Apollo's history, we are amongst the first ones to get into structural steel tube segment. Before 2000, the main applications for round shaped
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