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Business Today 6-Oct-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.

Pays:
India
Langue:
English
Éditeur:
Living Media India Limited
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26 Numéros

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2 min.
the obstacles

Over the past five years that I have been overseeing Business Today’s Most Powerful Women special issue, the number of women making it to the long list has been increasing – and also becoming more broad-based in terms of sectors from which they hail. Every year, in fact, we see a number of new names shattering the glass ceiling and making it to the C-suites and boardrooms of different companies and sectors. Even five years ago, the number of women achievers from finance and banking dominated the list. Today, apart from finance, the list has many representatives from FMCG, media and entertainment, durables, manufacturing as well as a number of service sectors. All this – along with the number of women’s issues being debated in publications and legislature – could lull…

1 min.
business today

http://www.businesstoday.in Editor-in-Chief: Aroon Purie Group Editorial Director: Raj Chengappa Editor: Prosenjit Datta Group Creative Editor: Nilanjan Das Group Photo Editor: Bandeep Singh Executive Editor: Anand Adhikari Deputy Editors: Goutam Das, Ajita Shashidhar, Naveen Kumar (Money Today) SPECIAL PROJECTS AND EVENTS Senior Editor: Anup Jayaram CORRESPONDENTS Senior Editors: P.B. Jayakumar, Nevin John, Joe C. Mathew, E. Kumar Sharma, Anilesh Mahajan, Dipak Mondal, Manu Kaushik, Sumant Banerji Associate Editors: Nidhi Singal, Rashmi Pratap Senior Assistant Editor: Sonal Khetarpal Assistant Editors: Rukmini Rao, Renu Yadav (Money Today) RESEARCH Principal Research Analysts: Niti Kiran, Shivani Sharma COPY DESK Senior Editor: Mahesh Jagota Senior Associate Editor: Kaveri Nandan Associate Editor: Sanghamitra Mandal Chief Copy Editor: Gadadhar Padhy Copy Editor: Aprajita Sharma PHOTOGRAPHY Photo Editor: Reuben Singh Deputy Chief Photographers: Shekhar Ghosh, Rachit Goswami Senior Photo Researcher: Sudhansh Sharma ART Assistant Creative Editor: Safia Zahid Deputy Art Director: Amit Sharma Associate Art Director: Ajay Thakuri Assistant Art Director: Raj Verma Designer: Rajesh Singh Adhikari PRODUCTION Chief of Production: Harish Aggarwal Senior…

1 min.
businesstoday.in

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India Bailed Out for Now, Sugar Sector Needs Structural Reforms The Indian sugar industry is going through a sweet phase. But, is it the end of the industry’s and sugarcane farmers’ troubles? businesstoday.in/sugar-reforms Why Automotive Start-ups Appeal to Venture Capitalists Global investors’ interest in auto-tech start-ups comes at a time when the Indian auto sector is battling its steepest fall in monthly sales in the past 19 years businesstoday.in/autoindustry-global.investors Rosy-eyed Centre Looking at PSB Mergers as a Panacea; It’s Not In a slowing economy, where asset quality deterioration of PSBs has still not receded, the merger could be counterproductive businesstoday.in/psbmerger-economy NEWS Rana Kapoor, Other Promoters Stare at Losing YES Bank Control Post Equity Dilution As the family’s stakes have gone below 10 per cent, they cannot act on their own. Now, they need each other’s support to…

1 min.
free fall

28% The current GST rate for automobiles THE FINANCE ministry and the Goods and Service Tax (GST) Council are in a dilemma over cutting the GST rate for the automobile sector from the current 28 per cent. It is no secret that the Indian automobile sector has been going through its worst phase with monthly sales registering a decline for nine consecutive months. Amid falling sales, the sector has been demanding a rate cut, but given the government’s current fiscal situation, there is hardly any space for a rate cut. However, some industry analysts suggest that a rate cut could boost sales of cars and trucks and compensate for the revenue loss through improved collections. But given the voices coming from within the government, it is not looking very confident that a rate…

1 min.
time for capex cut

MANUFACTURING companies, which announced big expansion plans in the last one year, are now reducing their capital expenditure plans, especially after vehicle sales crashed 23.55 per cent in August—the steepest fall since tracking of wholesale vehicle sales started in 1997/98. Mahindra & Mahindra has deferred 10 per cent of its planned capex of around ₹1,000 crore by a year, besides executing plant shutdowns in phases. If sales do not pick up in the festive season, it will have to undertake the same exercise in October too. Hero MotoCorp has announced a capex cut of up to 20 per cent or ₹300 crore. Around 3,000 Maruti Suzuki temporary workers have lost their jobs. Tata Motors, Ashok Leyland and TVS group companies are also planning plant shutdowns. A big maker of automobile steel,…

1 min.
sbi takes the lead

INDIA’S LARGEST bank, State Bank of India (SBI), has taken a lead in reducing deposit rates. While lending rates are now linked to the external benchmark repo rate for better and faster rate transmission, deposit rates are still sticky, which raises concerns about borrowers getting lower rates in future. SBI and a few other banks have made a beginning by reducing deposit rates, but it is only restricted to term deposit rates. In addition, private sector banks are still offering higher term deposit rates. There are questions on whether the recent deposit rate cut will sustain for long because of competitive pressures. Similarly, there is also scope to reduce the rate on savings deposits, which account for a big chunk of banks' cost of funds. Many suggest the RBI should nudge…