Business & Finance
Business Today

Business Today 5 November 2017

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 Issues

in this issue

2 min.
the risk-taker

Star India CEO Uday Shankar revels in taking risk. He recently won the broadcast rights to India’s most expensive sports property, the Indian Premier League (IPL), with his bid of `16,347.5 crore for a five-year period. (Sony earlier had the rights for a 10-year period for `8,200 crore.) Analysts calculate that Star would need to earn `55 crore per match in order to turn a profit. But that is only one of the risks Shankar is taking currently. He plans to bring TED talks for the first time to the television platform and has reportedly contracted to pay `30 crore a week to Shah Rukh Khan to host the show. Around the globe, nobody so far has tried to turn TED into a TV programme, and no one knows whether…

2 min.
letters to the editor

Serving the Useful Purpose for B-schools This refers to your special issue on India’s Best B-schools (October 22). It is a great compilation of important parameters like placement records, infrastructural facilities, and technological upgradation. The ranking process should also take into account factors like tie-ups with well known industrial houses, on-the-job training programmes, an emotional quotient versus intelligence quotient analysis through scientific evaluative tests, etc. Moreover, in today’s changing job market scenario, prompt acquisition of new skills by the students needs to be focused as well. However, some colleges have not participated in your survey. But for a country which has had a history of management education of over six decades, it is unfortunate that no Indian business school is anywhere near the top 10 global institutions measured by various rankings.…

1 min.

STAY CONNECTED WITH US ONwww.facebook.com/BusinessToday@BT_India PERSPECTIVE Why You Shouldn't Invest in Endowment Plans Endowment plans are not transparent, and thecharge structure is not declared by theinsurance companies upfront businesstoday.in/insurance-endowmentplans NEWS SBI Under Arundhati Bhattacharya:Hits and Misses Though reviving lending activities has been leftunfinished, it is worthwhile to take a look atSBI’s performance during her tenure businesstoday.in/arundhati-lendingactivities Anil Ambani to create asset-light RelianceInfrastructure with Adani Transmission deal The Anil Ambani-led R-Infra aims to bringdown its debt and focus business on leaner andselect sectors of the infrastructure business businesstoday.in/anilambani-rinfra Lupin’s Acquisition in US a Positive Move,Say Analysts Acquisition of Symbiomix Therapeutics willsignificantly expand Lupin’s branded women’shealth specialty business businesstoday.in/lupin-acquisition Chandra’s Second Surgical Strike: Tata Tele toMerge with Bharti Airtel The merger of will create India’s second300-million-customer-base company, placingnext to Vodafone-Idea businesstoday.in/tatatele-bhartiairtel Govt Is Favouring MNCs: Domestic MedicalDevice Makers By making conditions with specified regulatoryagencies mandatory, tenders effectively debarthe Indian manufacturers from…

1 min.
“i will try to spend it as irrationally as possible!”

Richard Thaler, this year's winner of the Nobel prize in Economics, on whether or not he will act 'humanly' in spending the prize money ₹5,000 crore The amount raised in initial public offers since last Diwali GST COUNCIL TO DISCUSS BRINGING REAL ESTATE UNDER GST Finance Minister Arun Jaitley has said there is a strong case for bringing real estate under the goods and services tax or GST. The matter will be discussed in the next meeting of the GST Council on November 9 in Guwahati, he said. DIRECT TAX COLLECTIONS RISE 16% Direct tax collections in April-September rose 16 per cent to `3.86 lakh crore. The net collections account for 39.4 per cent of the Budget estimate of `9.8 lakh crore for 2017/18. Advance tax collections were `1.77 lakh crore, 11.5 per cent more than…

2 min.

17 18 SPOTLIGHT ON SMEs WHAT: Conference: Supply-Side Support for SMEs WHEN: October 17-18, Tokyo, Japan WHAT TO LOOK FOR: The Asian Development Bank event will analyse supply-side policies that can promote access to finance by SMEs and generally foster higher SME productivity and growth. The conference will focus on technological improvement, skill development, capital raising and infrastructure development. 19 ALL ABOUT MIGRATION WHAT: Seminar on "Global Migration and Labor Markets" WHEN: October 19, Washington, DC WHAT TO LOOK FOR: The main objective of the World Bank event is to contribute to our knowledge of the main patterns and economic impacts of labour mobility across the world. The intention is to inform and stimulate debate, support further research and policy interventions, and identify the knowledge and data gaps in this area. SETTING THE AGENDA WHAT: National Conference on Insolvency…

4 min.
transforming energy

Cutting down oil imports to around 67 per cent in the next five years, India plans to develop its own gas exchange to push consumption of alternative fuel – be it indigenous or imported – on the lines of America’s Henry Hub or the United Kingdom’s Balancing Point. To make up for the cuts in oil imports, the nation will have to make a concerted effort to transit to electricity and natural gas usage in all sectors. Prime Minister Narendra Modi met heads of national and international oil and gas companies last week to attract investments to this end, armed with a presentation by the Niti Aayog – the nation’s official think tank - on India’s plans to move to alternative fuel. Though the Organisation of Petroleum Exporting Companies (OPEC) predicts…