category_outlined / Business & Finance
Business Today
3-Nov-19A 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.
IN THIS ISSUE
the tough get going
It is my absolute honour and privilege to lead a brand that I have always admired and have now worked for, for more than a decade. I take charge with deep gratitude to former editors who have nurtured and honed Business Today for all these years. Especially my predecessor and dear colleague for many years, Prosenjit Datta, who led the magazine through five very fruitful years. The world is changing. So is Business Today. In the coming weeks and months, as we put together our refreshingly new “Digital First” philosophy into action, we have already kicked off some of the most innovative and exciting offerings on our fast-growing web platform BusinessToday.in. It will be ably complemented by the magazine in a new avataar that is best suited for the new era.…
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: 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…
businesstoday.in
STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India India’s NBFC Billionaires Shrink; Promoter Market Cap Down 50 Per Cent The value of promoter stake in the NBFC industry is down to $11 billion from around $18 billion in 2018. And the biggest cut has been witnessed by promoters of housing finance companies, vehicle financiers, SME lenders and brokerages businesstoday.in/nbfc-haircut TRAI Needs to Set the Record Straight on Ringing Time Spat Between Jio and Airtel There are enough merits and demerits of maintaining a high ringing time. The call response time varies from person to person businesstoday.in/ringingtime-jio.airtelspat No Takers for Junk-priced Rotomac, LML, Moser Baer Brands in Liquidation Three years down the line, resolution professionals have been able to dissolve just 11 companies so far under the Insolvency and Bankruptcy Code businesstoday.in/bankruptcy-companies NEWS Credit Flow Declines a Whopping 88 per cent to ₹90,995 crore…
belling the cat
THE COOPERATIVE banking sector has survived many failures and scams. But it remained untouched, mostly due to political affiliation — a large number of these banks are controlled by politicians. The power equation is largely responsible for the slow progress in overhauling the regulatory framework for cooperative banks. These banks have poor governance structures, lack professional managements and boards, and have weak risk management systems. Yet, gullible depositors repose their trust and money in these small banks, which is keeping them alive. They account for 3.87 per cent in total banking deposits and 3.20 per cent in advances. The debacle of Punjab and Maharashtra Bank (PMC Bank) is not the first or last case of misgovernance. There are at least a dozen urban cooperative banks under the RBI administrator. After the involvement…
‘zero fee’ war
THE ERA OF ZERO commissions has come in. Charles Schwab has made online stock trading free in the US. In India, while discount broking firms do offer zero fees in the cash segment, intraday and F&O trades attract a fixed rate of ₹10-20. Most traditional brokerages still charge a percentage of the trading amount as fee. Unlike in the US, brokerages in India earn a large chunk of revenues via commissions. US brokerages earn interest on idle cash in trading accounts and receive fee from exchanges for creating liquidity. They can sell order flow to high frequency traders and make money via securities lending also. Indian firms cannot do most of it. The recent regulation has put a limit on how much they can earn via margin funding as well. But…
battle to be on board
A RECENT note by a business intelligence platform said Flipkart’s parent in Singapore has made changes to the shareholders' agreement empowering the company to make additional appointments to its board. From the current nine, the company can now have up to 11 board members. At present, Walmart has three board positions, and former CEO Binny Bansal still retains a board seat as founder-nominee. While Chinese investor Tencent‘s James Gorden Mitchell is also a nominee director, the others are independent directors. With two additional board seats up for grabs, analysts believe current group CEO Kalyan Krishnamurthy has a strong case for an entry. With the company working towards listing in a definitive time frame and Walmart bolstering the company’s compliance standards to prepare for an IPO, it would not be surprising…
