Business & Finance
Business Today

Business Today 17-Jun-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.
walmart’s big bet

THE US-based retail giant Walmart is paying $16 billion to take a 77 per cent stake in Indian online retailer Flipkart. Meanwhile, Amazon India is also moving fast, and its parent Amazon Inc has made it very clear that it will continue to invest in India to become a market leader. At the moment, Flipkart is ahead of Amazon India in terms of total sales, and both online retailers are losing money heavily. Last year, Flipkart lost over a billion dollars and Amazon, at least, around half a billion. The Walmart investment into Flipkart is bound to affect physical retailers in India – from organised retailers like Reliance Retail, Kishore Biyani’s Future Retail and also mom-and-pop grocery and vegetable stores. Several right-wing and left-wing organisations have already protested the Walmart investment,…

1 min.

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India PERSPECTIVE Why Domestic Airlines Are at the Cusp of Losing Their Winning Streak With crude oil prices moving up further, the profitability of the airlines is likely to be under pressure for the next few quarters businesstoday.in/domesticairlines-crudeoil NEWS Milkbasket Funding: Three Things That Make the Company Different The investor appetite for online grocery start-ups is alive and kicking, despite the possible market polarisation between larger players. businesstoday.in/onlinegrocery-milkbasket Yeddyurappa’s Farm Loan Waiver Policy Karnataka’s ‘One-day’ CM’s move on farm loan waiver was rather swift, in line with the emphasis in the party manifesto businesstoday.in/farmloan-yeddyurappa Five Reasons Why Merc S-Class Is Rated the Best Sedan Globally Mercedes S-Class represents the epitome of luxury, and with the face-lifted version, the package has only become better businesstoday.in/merc-s.class COLUMNS How Karnataka Could Open Up 2019 Lok Sabha Election So far, the Opposition parties have not managed…

2 min.
india’s oil crisis

AS THE NDA REGIME enters the last year, the government is in a tizzy over high petroleum product prices. The crisis is bigger in India since these products are heavily taxed. As a result, the government is running out of options. For the BJP, high fuel prices are becoming counterproductive. There are two solutions: a) Reduce taxes on these products or b) Ask oil companies to offer discounts. The second will undo the work done in the last four years to clean up the books of oil companies by giving them pricing freedom. A back-of-the-book calculation suggests a ₹1 reduction in excise duty would mean reduced collections of ₹13,000 crore. Also, every $10 rise in crude prices per barrel slows growth by 0.2-0.3 percentage points and fuels WPI inflation by 1.7…

1 min.
vedanta’s toxic wars

IS VEDANTA’S STERLITE Copper smelter plant in Tuticorin (English for Thoothukudi) responsible for the cancer in the region? Is rainfall deficient because of the plant? Sterlite CEO, P. Ramnath insists he has data to the contrary. On May 22, Sterlite hit headlines when more than 10 people died in clashes as protesters demanding the plant’s closure turned violent. Vedanta is not new to run-ins with environmental groups and regulators. In September 2009, workers died when a chimney collapsed at its aluminium smelter complex in Korba, Chhattisgarh. Then there were protests in Odisha’s Niyamgiri Hills by the tribal population over plans to source bauxite; and yet again in 2012 over allegations of illegal iron ore mining in Goa. The larger point here is that in India, the need for cheap mining and…

1 min.
model farming law

FIFTEEN YEARS after the Model Contract Farming Act, the government has again formulated a model law for the states. The State/UT Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act, 2018, is far more comprehensive than the earlier one. Version 1 failed to take off in most states; Version 2, however, covers the entire farming universe, including contract farming and services contracts across the value chain. The bureaucratic mandi system, a key reason why the earlier version failed, has been bypassed entirely. The new law will allow big retailers to work directly with farmers and help create a sustainable ecosystem. It should bring far more predictability to the supply chain and in the process, a steady and predictable income to the farmer.…

1 min.
hiring experienced hands

In spite of the buzz around hiring them young and keeping them engaged at the workplace, the proportion of young professionals in IT companies is decreasing. The recent Infosys annual report points to the rising number of experienced professionals in its workforce. At Infosys, the percentage of employees aged between 18 and 25 is down to 28.16 per cent (at 57,475) from 31.19 per cent in the previous fiscal. But for all age groups older than 25, the percentage has risen. In fact, IT companies are hiring ‘just-in-time workforce’ so that they can bill their clients as soon as the employees are on the payroll, instead of hiring rookies and training them for six to eight months prior to deployment. Shorter contract renewal cycles have deprived companies of the ability…