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Business & Finance
Business Today

Business Today 12-Aug-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.

Country:
India
Language:
English
Publisher:
Living Media India Limited
Frequency:
Biweekly
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26 Issues

in this issue

2 min.
reinventing hul

HINDUSTAN UNILEVER can trace its history in India back to the late 19th century. It started by shipping Sunlight soap, Lifebuoy, Pears, Vim and others to the country from England. In the 20th century, between 1931 and 1935, it had set up three Indian subsidiaries – Hindustan Vanaspati Manufacturing Company, Lever Brothers Ltd and Hindustan Traders Ltd. Post Independence, the three subsidiaries merged to become Hindustan Lever Ltd in 1956. By the 1960s and ’70s, it had made a name for itself for its products, its methodical expansion of distribution to reach the farthest corners of the country, and the excellent training of its executives and managers. (HUL – then HLL – has been a favourite poaching ground for managers by both Indian companies as well as global giants setting…

1 min.
business-today. in

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday@BT_India PERSPECTIVES Challenging Times Ahead for Aviation Sector as Losses Rise Almost all domestic carriers are witnessing financial crunch. An increased focus on the cost structure may help curtail the losses businesstoday.in/aviation-losses Retail Is No Longer Restricted to Having Physical Stores or Being Omni-channel The retail business globally is moving towards platform play. The rationale behind this is to own the consumer at every possible touch point businesstoday.in/retailbusiness-consumer Tax Litigation Limit: This Clause May Play Spoilsport While it’s a big relief for both taxpayers as well as tribunals and courts, there is one particular clause in the circular issued by the revenue department that may play spoilsport businesstoday.in/tax.clause-spoilsport Nobody Cares About Safety The zero safety rating for Renault Kwid in ASEAN NCAP tests again exposes domestic auto industry’s soft underbelly businesstoday.in/autoindustry-safetyrating NEWS Corporates Show Interest in Solar-powered Factories India’s target is…

1 min.
taking a wrong turn

TILL FAIRLY recently, the Narendra Modi government could take consolation from the fact that despite many hiccups, the overall macro economic numbers had improved through much of its term. And, in spite of disruptions caused by demonetisation and GST, there was a certain stability about the broad economic indicators. Sure, several sectors of the economy showed signs of weakness but inflation was coming down steadily, GDP was holding on, and benign oil prices had helped it meet stiff fiscal deficit targets. While exports were anaemic, imports had also slowed (to an extent because of lower oil prices) and trade and current account deficits were narrowing. Of late, though, there are worrying signals that even as GDP growth is finally picking up, the overall economic indicators are taking a turn for the…

1 min.
optimistic outlook

THE FIRST QUARTER of this fiscal ended on a cheery note for the domestic IT industry’s Banking, Financial Services, and Insurance (BFSI) vertical. Market leaders Tata Consultancy Services and Infosys just announced their Q1 results indicating BFSI's higher business potential. It is incidentally the largest vertical for the domestic IT sector as a whole. For TCS and Infosys, too, it is the biggest, accounting for over 31 per cent of total revenue. After the Q1 FY19 earnings announcement, CEO and Managing Director of TCS, Rajesh Gopinathan, said, “Our optimism on BFSI demand in North America has been vindicated. Our BFSI vertical grew very nicely this quarter, recording strong sequential growth and a year-on-year value of 4.1 per cent.” Infosys CEO and Managing Director, Salil Parekh, meanwhile, said: “Two of the…

1 min.
new is better

OVER THE PAST two-three years, India Post has been increasing revenues from non-traditional sectors such as e-commerce or value-added services. The share of these non-traditional sectors in total revenues earned by the Department of Posts jumped from nearly 24 per cent in 2015/16 to around 27 per cent in the last fiscal—the share stood at 29.13 per cent in 2016/17. In the first two months of fiscal 2019, it managed a share of 17.13 per cent. The express and business parcel segment earned revenue of ₹17.3 crore during April-May 2018. To date the India Post Payments Bank has not contributed to any revenue for the Department of Posts.…

1 min.
dogged by worries

THE JOINT venture with German Giant Thyssenkrupp AG in early July was expected to serve as a rescue line for Tata Steel Europe. The Indian steelmaker was struggling in the European market for the last decade, since the financial downturn, and cheap Chinese exports had added to TSE’s piled-up losses. So much so that the company had begun cost-cutting, retrenchment and shedding non-core assets and even considered selling all the assets it gained in the 2007 Corus acquisition. When the Thyssenkrupp JV came to the table in 2016, it demanded a higher share – 55 per cent of the proceeds if the joint venture launched an IPO. At the time Tata group Chairman, N. Chandrasekaran said the deal would help the group refocus on growth in the domestic market. Now, the German group’s…