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Business Today

Business Today 7-Mar-21

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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.

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

in this issue

2 min.
prepping for next 150 years…

A common characteristic of some of the world’s oldest organisations is their uncanny ability to adapt & adopt, destruct & rebuild, terminate and transform — constantly. Take Finland’s 156-year-old Nokia which began as a paper mill in 1865, dabbled in power, rubber and cable manufacturing until it hit upon the success of mobile communication in 1984, eventually becoming the world’s biggest handset maker with over 40 per cent global share by 2007. Then came the decline which resulted in sale of its handset business to Microsoft for $7.2 billion in 2013. But by 2015, it had already acquired Alcatel-Lucent and taken charge of JV with Siemens to emerge as a huge network infrastructure provider. At the other end of the spectrum is 132-year-old Kyoto-based video gaming firm Nintendo, known the world over…

1 min.
government expenditure picks up in q3

↘ The pace of central government expenditure picked up in third quarter of FY21 with easing of lockdown restrictions. In fact, December saw a year-on-year jump of 50.2 per cent ↘ According to the Economic Survey, the expenditure grew 11 per cent from ₹21.1 lakh core in April-December 2019 to ₹23.4 lakh crore in April-December 2020 (flash estimates) ↘ Capital expenditure was ₹3.17 lakh crore, 24 per cent more than in corresponding period last year. It rose 81.9 per cent in December 2020 (flash estimates)…

17 min.
transforming tata

₹80,000 CRORE THE AMOUNT TATA SONS HAS INVESTED IN GROUP COMPANIES IN LAST FOUR YEARS Natarajan Chandrasekaran’s first major decision as Chairman, Tata Group, was rather symbolic of the changes in store. Three months after taking over on May 30, 2017, he asked architects to refurbish Bombay House, the iconic headquarters of the 152-year-old conglomerate. The heritage building on Homi Mody Street in Mumbai’s Fort area had never been altered since it was built in 1924, based on design of Scottish architect George Wittet, who also designed the Gateway of India. The building had cracks in the roof, limited natural light and was vulnerable to termites. Chandrasekaran, who started his career with TCS and contributed hugely to its growth over three decades, wanted to make Bombay House vibrant, incorporating his idea…

1 min.
chandra's 10 point strategy

1. Tapping digital experts from group companies to build India’s first Super App 2. Tata Power to invest only in renewable energy or consumer facing businesses 3. Engineering capabilities pave way for Tata Electronics, Tata Medical and Diagnostics 4. Integrating supply chains of all Tata companies 5. Leveraging group expertise in financial services, launch of Tata Payments 6. Combining consumer businesses; making Tata Consumer Products an FMCG giant 7. Combining expertise of different companies to create an EV ecosystem 8. Combining consumer connect of Trent, Infinity Retail, Tata Consumer Products, Titan, Tata Chemicals and Voltas 9. Tata Steel to cash in on the lucrative Indian market 10. Aerospace, defence subsidiaries to tap government business “There are several key trends that are going to be important as we go into the future. Every company will be driven by AI, data analytics…

1 min.
the 10 clusters

FINANCIAL SERVICES Tata Capital, Tata Asset Management, Tata AIA, Tata AIG INFORMATION TECHNOLOGY Tata Consultancy Services, Tata Elxsi STEEL Tata Steel, Tata Steel BSL, Tata Steel Long Products TRADING & INVESTMENTS Tata International, Tata Investment Corporation, Tata Industries TOURISM & TRAVEL Indian Hotels Company, Vistara, Air Asia TELECOM & MEDIA Tata Communications, Tata Teleservices (Enterprise), Tata Sky INFRASTRUCTURE Tata Power, Tata Realty, Tata Housing, Tata Projects, Tata Consulting Engineers AEROSPACE & DEFENCE Tata Aerospace & Defence AUTOMOTIVE Tata Motors, Tata Autocomp Systems CONSUMER & RETAIL Trent, Infinity Retail, Tata Consumer Products, Titan, Tata Chemicals, Voltas …AND NEW BUSINESSES Tata Digital, Tata Medical and Diagnostics, Tata Payments, Tata Electronics…

1 min.
down memory lane

February 2017 Tata Sons bought NTT DoCoMo’s stake in Tata Tele for $1.27 billion and settled the pending dispute October 2017 Indian Hotels completed a rights issue of ₹1,500 crore Transferred the consumer mobile business of Tata Tele to Bharti Airtel free of cost Tata Sons cleared past liabilities of the telecom business worth ₹38,000 crore February 2018 Tata Steel completed rights issue of ₹12,800 cr March 2018 Tata Sons bought Tata Power’s stake in Tata Communications April 2018 Tata Sons consolidated businesses in aerospace and defence sectors under one entity May 2018 Tata Steel acquired bankrupt Bhushan Steel for ₹35,000 crore September 2018 Tata Steel acquired Usha Martin’s steel business for ₹4,000 cr November 2018 Tata Steel started Kalinganagar plant expansion to 8 MTPA from 3 MTPA Tata Power acquired Prayagraj Power August 2019 Tata Sons infused ₹1,000 crore into Trent Tata Communications completed demerger of surplus land October 2019 Tata Sons…