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Business Today

Business Today 24-Mar-19

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.

Living Media India Limited
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26 Numéros

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2 min.
changing landscape

THE INDIAN BANKING SECTOR is poised at an interesting juncture. The Reserve Bank of India last year showed its displeasure with the professional and personal actions of several marquee CEOs, leading to changes in leadership in three private banks. Two other private banks, which are doing exceedingly well, will see changes in their leadership because their iconic leaders will be retiring. The central bank has made its discomfort clear about the compensation packages of high-flying bank CEOs and made suggestions that could result in big changes in bonuses and other variable incentives given to them. The regulator has suggested that bonuses should be more tightly linked to performance, and should not be just a reward given out by a friendly board. If several private sector banks have been reprimanded, most public sector…

1 min.

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India PERSPECTIVES Can Anil Ambani Save Himself from Going to Jail? Though RCom has many options, executing them is going to be a big challenge for Ambani businesstoday.in/rcom-challenge Are Discount Broking Firms a Threat to Traditional Brokerages? The challenge with online brokers is that investors may exit the platforms in droves when market crashes because thin margin and heavy discounts lead to traders losing big amount in a short span businesstoday.in/onlineinvestor Developers in North and West India Staring at Defaults Top 54 developers in north, west region run the risk of defaulting on their loans because of the growing mismatch between their operating profits and interest obligations businesstoday.in/realestate-defaults It’s High Time Marketers Look Beyond Millennials One can’t afford to ignore the 45-plus audiences, as they are brand-loyal, mostly empty nesters and ready to spend…

2 min.
seeing eye to eye

THREE MONTHS AGO, the Reserve Bank of India (RBI) and the government were almost baying for each other’s blood. But things have improved drastically after former bureaucrat Shaktikanta Das replaced Urjit Patel, who left Mint Street abruptly in December last year. Take half a dozen weak banks that were under the RBI’s Prompt Corrective Action framework and are now back in the system to lend money. The central bank has also been generous in paying out ₹28,000 crore interim dividend, pushing the total dividend in the financial year to ₹68,000 crore. The new governor is also more at sync with the government and the finance ministry. Another surprise was the RBI easing the repo rate by 25 basis points to 6.25 per cent early this month. There are expectations of…

1 min.
on the brink

BETTER SENSE has prevailed. Pakistan gave up belligerence, returned captured Wing Commander Abhinandan Varthaman and even offered talks. Though neither of those solves the core problem of terrorism emanating from its soil, but a key factor behind Pakistan PM Imran Khan’s olive branch to India would be the sorry state of its economy. And, its inability to sustain a war with India fibody expects Pakistan to fight a war with India without bloodying itself. Little wonder then that since the February 14 terror attack in Pulwama and Prime Minister Narendra Modi’s public resolve that terrorists will pay a heavy price, the Karachi Stock Exchange has fallen over 3.58 per cent, the BSE Sensex in comparison has fallen only 0.02 per cent.…

1 min.
unintended consequences

THE GOVERNMENT’S war against Ponzi Schemes is going to take a toll on businesses, especially small traders like partnerships, and individual firms. A newly introduced bill --the Banning of Unregulated Deposits Scheme Bill --has barred business owners from taking loans from anyone other than banks, finance companies, and relatives. That’s not all; advance funds taken from clients against future supplies will have to be returned within 15 days in case of delivery failure. And these will be treated as a deposit if this isn’t done. The proposed law would pose problems for small businesses that often take loans from other businesses or friends, as they can’t always access finance through formal banking channels. Though businesses registered as companies, can still raise deposits as per the Companies Act, it is the partnership…

1 min.
sweet support

AIMING TO ALLEVIATE the growing stress in the domestic sugar industry, the government has increased the minimum selling price of the commodity by ₹2 per kg to ₹31 per kg. This will boost margins of sugar companies and is expected to free up ₹3000 crore towards payment of cane arrears that has already topped ₹2,000 crore as on February 13. However, given the fundamental issue of glut in the domestic market, it may be a case of too little too late. Even though sugar production is slated to fall to 30 mt in 2018-19 against 32.3 mt in 2017-18, it is still higher than what is required at 26 mt. Add to that the 10.7 mt of excess stock from last year, the glut situation worsens. The hike in MSP…