Business et Finance
Business Today

Business Today 14-Jul-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.

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2 min.
the start-up ecosystem

Every year when we do our annual survey of India’s Coolest Start-ups, the applications we get give us important insights into how the startup and entrepreneur ecosystem in the country is changing. A few years ago, we had a huge number of applications from entrepreneurs who dreamt of being the next big thing in the e-commerce playground. They looked for niches or business models that were not dominated by Amazon and Flipkart or Snapdeal. Most of those dreams died quickly. Then, financial technologies became flavour of the year. Every second entrepreneur wanted to be a fintech company of some sort. Last year, we saw a record number of logistics start-ups and some very interesting ideas on how to solve both long distance and short distance freight movement problems. They were dramatically…

1 min.

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India Anil Ambani Falls off Billionaire Club; Equity Wealth Crashes from $42 billion to $0.5 billion The value of Ambani’s un-encumbered equity stands at $109 mn – barely two times the $50 mn Bombardier Global Express jet he flies businesstoday.in/anilambani-wealth Global Dairy Companies Carve Their India Strategy While the common thread among all these global dairy companies is their aspiration to make it big in India, their strategies are varied businesstoday.in/globaldairies-strategy Airtel, Vodafone Idea Prepare War Chest to Fight Jio Leading telcos require a steady flow of funds to keep fighting in a hyper-competitive market. But raising funds is not an easy task now as their financial condition is quite weak businesstoday.in/telcos-funding PERSPECTIVE Are Weak Public Sector Banks Discouraging Term Deposits? The weak PSBs have higher NPAs, falling profitability and lower capital levels, limiting their capability to…

1 min.
back to business

NOW THAT THE first session of the 17th Lok Sabha has started, the focus will be on the Bills that are slated to be tabled. The Modi government is all set to table the Aadhaar and Other Laws (Amendment) Bill to bring the unique identity and its utility in line with the apex court judgment. Recently, the Supreme Court had struck down Section 57 of the Aadhaar Act – which made the use of the unique identity mandatory for availing different services. The passage of the Bill should not be a problem based on the majority the NDA government enjoys. But all eyes are set on the debate over the Muslim Women (Protection of Rights on Marriage) Bill, 2018. This Bill, which has already been tabled in Parliament, proposes to…

1 min.
cutting aviation fuel bills

THE AVIATION sector is getting serious about cost savings. Last year, SpiceJet operated the country’s first test flight powered by bio-jet fuel, which was followed by fuel saving initiatives of Air India, IndiGo and SpiceJet this year. Now, Turkish ground handling firm Çelebi Aviation has commercially deployed taxibots at the Delhi airport after testing them on narrow-body aircraft (Airbus A320 and Boeing 737) since early this year. Taxibots are used to tow aircraft from gates to the runway, and saves up to 200 kilogram of aviation fuel (ATF). ATF constitutes 30-40 per cent of an airline’s costs, and fuel savings through such measures improve the bottom line. Taxibots, which are controlled by pilots in the cockpit, typically make more sense at large airports such as Mumbai, Hyderabad and Bengaluru, where the…

1 min.
revenue concerns delay rate cuts

THE 35TH MEETING of the GST Council ended without any decision on the much expected rate rationalisation. While Finance Minister Nirmala Sitharaman said rate cut decisions have been referred to the fitment committee, it is perceived that poor revenue collection is playing on the government’s mind. It was expected that the council would cut the rate on electric vehicles (EVs) from 12 per cent to 5 per cent and on small passenger cars from 28 per cent to 18 per cent, giving a boost to car sales. There were also expectations of a rate cut for some consumer durables like TVs. Though the council did discuss rate reduction of EVs as the government wants to promote production and sale of these vehicles in the country, the rate cut would have had little…

1 min.
on-tap bonanza

FOUR YEARS AFTER the RBI allowed differentiated banks alongside full scale commercial banks, the banking regulator has indicated granting more licences in the Small Finance Bank category throughout the year. The RBI’s optimism comes from the fact that these micro-finance institutions turned banks have achieved priority sector targets and hence helped in achieving financial inclusion. However, it would be too early to open the gates for all. The RBI should be cautious as initial success of the existing close to a dozen banks came from their erstwhile micro-finance business. These banks are yet to see an economic cycle of boom and bust to show their strong foundation. In fact, there are many challenges that await them as they have to enter the IPO market as agreed in the guidelines. The…