Business Today 22-Aug-21

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

País:
India
Língua:
English
Editora:
Living Media India Limited
Periodicidade:
Biweekly
US$ 1,99
US$ 36,99
26 Edições

nesta edição

2 minutos
financial advisor on a screen

Ever since the pandemic hit India, those following the financial markets have often been baffled by the huge disconnect between what is going on in the equity markets, and the devastation caused by Covid-19. The one segment of the economy which has seemingly taken the pandemic in its stride has been the stock markets. After an initial setback in March 2020, when the benchmark S&P BSE Sensex hit its calendar year low of 25,639, the market has been on a roll, hitting its all-time high of 53,291 points in mid-July this year. This runaway rise has led to another phenomenon — the advent of thousands of new investors into the equity markets, hungry for information and advice on how and where to invest. Consider the figures: broking firms saw a…

f0004-01
1 minutos
government tightens purse strings despite higher income

↘ The Central government reported non-debt receipts of ₹3.5 lakh crore for april-may 2021, the highest for the first two months of any fiscal ↘ These accounted for a higher-than-average 18 per cent of the government’s target for the fiscal. the sharp rise was due to the RBI transferring its dividend earlier than usual ↘ Tax collections remained stronger than normal across the board. still, the government spent 13.7 per cent of its annual budgeted expenditure in april-may, less than the five-year average of 18.2 per cent…

f0010-01
1 minutos
automobile sales pick up speed…

↘ Automobile sales to dealerships staged a recovery in June, led by passenger vehicles, due to easing of lockdown restrictions in various states as India exits the second Covid-19 wave ↘ Automakers sold 2,31,633 passenger vehicles, a jump of 163 per cent over May and 119 per cent over June 2020 ↘ On a sequential basis, two-wheeler volumes tripled in June, while they doubled for tractors as well as commercial vehicles, and grew nearly 7.5 times for three-wheelers Sequential numbers compared to May; Source: SIAM…

f0012-01
1 minutos
…but retail sales miles off normal

↘ Retail sales in India tumbled 50 per cent in June 2021, compared to June 2019, a year before the pandemic, according to the Retailers Association of India ↘ The industry body’s latest survey showed a steep drop in all major discretionary categories, with the biggest being a 66 per cent slide in sports goods ↘ Even the food and grocery category saw a 7 per cent drop, though it was the only category to notch a single-digit decline ↘ The declines were more or less equal nation-wide, spread between the North zone’s 43 per cent drop and the East’s 55 per cent fall RETAIL SALES (June '21 vs June '19 % change) Source: Retailers Association of India…

f0012-02
1 minutos
urban men lost more jobs in the second wave, meaning …

↘ Urban men lost the most jobs during the second wave of Covid-19, while urban women suffered the least, a reversal of the trend seen in the first wave ↘ Urban men, who hold about 28 per cent of total jobs, accounted for 26.3 per cent of job losses between March 2020 and March 2021. This went up to 30.3 per cent in the March-June 2021 period ↘ Urban women, who account for about 3 per cent jobs, had accounted for 38.7 per cent job losses in the first wave. This fell to 0.11 per cent in the 2nd wave Source: CMIe…

f0013-01
5 minutos
mind the gap

APL Apollo is India’s largest manufacturer of structured steel tubes. Like most companies, it was hit hard by the first wave of the pandemic, with sales halving and profits being wiped out completely in the April-June 2020 quarter. But, it was a blip. What followed was a relentless cycle of market share gain, so much so that the company will end FY22 with 55 per cent share of the steel tubes market, up from 40 per cent in FY20. Its operating cash flows have doubled during this period. Many of its competitors, particularly in the unorganised sector, have either shut shop or curtailed operations significantly. Such a sharp rise in market share in just two years is nothing short of staggering. Yet, APL is not alone. Strong leaders in practically…

f0014-01