Business & Finance
Business Today

Business Today 11-Feb-2018

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

3 min.
walking a tightrope

Finance Minister Arun Jaitley will present the last full Budget of this government on February 1. Next year, there will be a vote on account before the General elections (assuming the elections are not advanced to this year-end or early next year). What is he likely to do? What kind of a Budget can we expect? Let us first take a look at the state of the economy that forms the backdrop of this Budget. The Central Statistics Office (CSO) advance estimates for the full year show that the worst of the slowdown might well be over for the economy. After touching a low of 5.7 per cent growth in the first quarter and then recovering to 6.3 per cent in the second quarter, the CSO expects the GDP growth for…

1 min.

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India INTERVIEW: Robotic Process Automation Failure Rate Is 30-50% The ExlService Holdings CEO Rohit Kapoor, in an interaction with BT's Goutam Das, tells why the BPO industry is expanding despite its "cannibalisation" by robotic process automation businesstoday.in/bpo-automation NEWS: Robust Growth in FMCG Sector Likely Reduction of prices in several categories post GST and direct distribution by big retail firms in the rural sector are the main factors behind the FMCG industry growth businesstoday.in/fmcg-growth Big Battle for Binani Cement: Jhunjhunwala Joins Forces with Damani Binani Cement – facing insolvency proceedings in NCLT – had an outstanding debt of ₹3,608 crore at the end of the last financial year businesstoday.in/binani-nclt Humble Cafeterias Go High-tech As Companies Eye Digitisation Foodtech firm HungerBox brings the cafeteria on the app so the employee can order from his desk, saving time…

1 min.
clipping wings

While questions remain about when and how the government will disinvest Air India, some clarity finally emerged when the government said the national carrier would be hived off into four distinct entities, to be sold separately. The four entities will be – Air India and Air India Express (the low-fare international carrier); Ground Handling Services; Maintenance, Repair and Operations; and Alliance Air (the regional arm), said Minister of State for Civil Aviation, Jayant Sinha. To sweeten the deal and attract potential buyers, the government will retain Air India’s debt on its own balance sheet while borrowings linked to core operations will be passed on to new investors. Creating separate entities is a sound decision because the envisaged entities, despite being part of the aviation business, are all vastly different from each…

1 min.
time to open the floodgates again

WHAT A DIFFERENCE a couple of years can make! India’s steel exports surged nearly 53 per cent in the first nine months of this fiscal to 7.6 million tonnes. This followed a 102 per cent jump in 2016/17. Back in 2014, when China was dumping steel, India was struggling to cope with overcapacity. But a slew of measures, including the imposition of safeguards, anti-dumping duties and minimum import prices, resulted in restricting imports. India has been a net exporter since 2016/17. The decline in imports, however, led to a gradual rise in domestic steel prices, bolstering the profitability of steel mills. This, in turn, increased costs for user industries such as engineering goods and automobile companies. It is said steel companies are charging domestic firms 20-25 per cent higher than…

1 min.
tapping the israeli innovation potential

INDIA AND ISRAEL inked nine MoUs during the recent visit of Israeli Prime Minister Benjamin Netanyahu. These range from co-operation in cybersecurity and space to film co-production and oil and gas. Last year, the two countries also announced an ‘India-Israel Industrial R&D and Technological Innovation Fund’. Business leaders from both countries think bilateral trade can touch $20 billion in the next five years from current $5 billion. While Indian firms hope to tap into Israel’s innovation ecosystem and technology, Israeli companies see a potential market here in areas such as agriculture, smart cities, clean energy and water management.…

1 min.
inflow quality, impact questioned

With $60.08 billion foreign direct investment, or FDI, coming in during 2016/17 (an all-time high), India’s ability to attract foreign investors is indisputable. The government rightly deserves credit for the policy tweaks – liberalising and simplifying norms for investors – to attract FDI in a big way. These numbers, however, are not reason enough to celebrate. The quality of inflows and their contribution to the growth of the economy, job creation and manufacturing capacities need to be carefully analysed. Two Delhi-based economists examined the FDI inflow to India over the last three years. The preliminary finding raises concerns that several of these investments will not be able to trigger additional economic growth. Also, it debunks the government’s claim that FDI has benefited ‘Make in India’. India needs policy measures that…