Business & Finance
Business Today

Business Today 8-Apr-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

2 min.
the bitcoin tussle

By and large, banking regulators and countries across the globe are in a dilemma about how to deal with Bitcoins and other cryptocurrencies. A few countries have banned Bitcoins and other cryptos – but these are extreme examples. Many have explicitly stated that Bitcoins have no legal status as currency, but allow its trading and tax gains out of it. They also allow it to be converted into the country’s currency through mutual consent between two parties, without giving an official standing to it. In a sense, it is treated like other precious commodities like gold, silver or diamonds. Many countries recognise Bitcoins as a valid currency, though they have not given that status to other cryptocurrencies. Meanwhile, Venezuela has banned Bitcoins while introducing its own cryptocurrency called the Petro. In…

1 min.

PERSPECTIVE Is Gender Diversity Loosely-used Term in Corporate India? Though most HR professionals talk about the various initiatives they have taken to retain women, in reality it's a daunting task to retain women at the middle-management level businesstoday.in/corporateindia-women NEWS Rapid Expansion of Warehousing Space in Indian Metros Warehousing accounts for 25 per cent of the logistics cost for most. As companies consolidate operations in large warehouses, they could achieve economies of scale businesstoday.in/warehousing-metros Bio-jet Fuel Is Cleaner But Expensive for Airlines in India to Afford The efforts to shift to a cleaner fuel are largely on paper in India… and the reasons are mostly financial in nature businesstoday.in/jetfuel-finance Will Lakshmi Mittal's Desperate Bid for Essar Steel Open up Doors to India? In the past decade, ArcelorMittal has made vigorous attempts to scale up in India. But so far, they have only made…

1 min.
the ownership dilemma

RBI Governor Urjit Patel has finally broken his silence. It was a much-overdue response since the blame game that ensued after the PNB fraud ended up at his doorstep. Patel raised the issue of multiple regulations governing PSBs – that account for two-thirds of India’s banking – apart from the umbrella Banking Regulation Act 1949. For instance, the Banking Companies (Acquisition and Transfer of Undertaking) Act 1970, the Banking Nationalisation Act 1980 and the State Bank of India Act 1955. The State Bank of India alone has a quarter of the total deposits and advances in India and the RBI doesn’t have the power to remove directors, CMDs, or force mergers or liquidation. The burning question is: Has the RBI ever recommended suspension, merger or liquidation of a PSB? It does,…

1 min.
battleground wto

DAYS AFTER POTUS Donald Trump imposed steep tariffs on steel and aluminium imports to the United States, the office of the US Trade Representative (USTR) – the body responsible for developing and coordinating US international trade policies – has challenged India’s export subsidy programmes at the World Trade Organisation (WTO). While the first move will raise a tariff barrier and, thereby, make steel and aluminium imports (including from India) less competitive, the second is aimed at attacking all the key incentives that India provides to help its exporters remain competitive in global markets. This includes sector-agnostic schemes like the Merchandise Exports from India Scheme, Special Economic Zones and Export Promotion Capital Goods Scheme, among others. Sectors likely to be directly hit include those that are the most promising – pharmaceuticals,…

1 min.
ups and downs

0.9% ASSETS UNDER MANAGEMENT (AUM) of the mutual fund industry fell by 0.9 per cent month-on-month (m-o-m) to touch ₹22,20,326 crore by February 2018. This is the third decline in the last six months – September saw a decline of 0.9 per cent and December saw a steep fall of 6.2 per cent. AUMs had reached an all-time high of ₹22, 79,032 crore in November 2017. AUMs of all mutual fund categories fell in February except for liquid/money market fund – it grew 1.4 per cent. Gilt funds witnessed the sharpest decline of 12.8 per cent; other exchange-traded funds category declined 4.2 per cent and equity-linked savings schemes fell 2.4 per cent. For the other exchange-traded funds, this is the first m-o-m fall since August 2015.…

1 min.
miles to go for jaitapur n-plant

DURING FRENCH PRESIDENT Emmanuel Macron’s recent visit, India and France signed an ‘Industrial Way Forward Agreement’ to construct the world's biggest nuclear project at Jaitapur, Maharashtra. Experts, however, say the real way forward is still miles away. The Nuclear Power Corporation of India Limited (NPCIL) will set up six European Pressurised Reactors (EPR) of 10,000 megawatt (MW) with reactors supplied by French major Électricité de France (EDF) at the 900-plus hectare coastal area in Jaitapur. NPCIL, however, has only a capacity of 6,000 MW so far and EPR is still an unproven technology though these are third-generation reactors developed over a decade ago. Olkiluoto in Finland (1600 MW), Flamanville in France (1600 Mw), Taishan in China (2X1600 Mw) and a proposed project at Hinkley Point in UK (2 EPRs) are being…