Business News

Business Today Magazine’s latest cover story turns the spotlight on India’s increasingly crowded quick commerce market, where the battle is shifting from breakneck expansion to profitability. After years of deep discounts, aggressive customer acquisition and rapid dark store expansion, investors are now asking a tougher question: can these platforms convert massive scale into sustainable profits? The competitive landscape is also widening. Blinkit, Zepto, Swiggy Instamart and BigBasket are now facing growing pressure from Amazon Now and Flipkart Minutes as quick commerce becomes central to the battle for India’s urban consumer. Blinkit has emerged as an early profitability leader, while rivals are recalibrating strategies around costs, unit economics and expansion. The next battleground is already moving beyond groceries, with platforms betting on private labels, general merchandise, beauty and personal care, and other higher margin categories. The opportunity remains enormous. India’s quick commerce market is expected to reach $250 billion by 2030, even as online grocery currently accounts for only 1 to 2% of urban grocery consumption. The eventual winners may therefore be determined not simply by who grows fastest, but by who can combine scale with operational discipline, stronger unit economics and steady cash flows. Collectively, the latest issue captures quick commerce at a critical inflection point, as intensifying competition tests whether India can sustain multiple players in a capital intensive business that demands both scale and a clear path to profitability. All this and more in the latest issue of Business Today Magazine. Out on stands now.

BT India@100, Business Today’s special annual edition, is back and this time the spotlight is on India’s manufacturing ambitions. The BT India@100 2026 special issue, “India’s Manufacturing Surge”, explores the companies, states and districts driving the Make in India revolution, and asks whether manufacturing can become the foundation of a truly developed India by 2047. The issue takes a deep dive into India’s manufacturing ecosystem at a time when global supply chains are being redrawn and economic security is back at the centre of the conversation. While manufacturing’s share of GDP remains around 16%, new industrial clusters, expanding supply chains, rising exports and investments in sectors such as electronics and semiconductors point to a transformation on the ground. A BT-Deloitte India study identifies the companies leading India’s manufacturing transformation, including India Inc. titans such as ITC Chairman & MD Sanjiv Puri, Maruti Suzuki MD & CEO Hisashi Takeuchi and Jindal Power Chairman Naveen Jindal. BT Research maps the states at the forefront of the race, with Gujarat leading on several investment and export parameters, Uttar Pradesh emerging as a major challenger, and Tamil Nadu remaining a manufacturing powerhouse. The issue features Uttar Pradesh CM Yogi Adityanath, Gujarat CM Bhupendra Patel, Haryana CM Nayab Singh Saini, and Maharashtra CM Devendra Fadnavis, as it looks at the states powering India’s manufacturing rise. An analysis by How India Lives goes deeper into the districts powering production and exports, with 69 districts exporting more than $1 billion each in manufacturing goods in FY26. Also, discover the sectors and emerging manufacturing hubs shaping India’s next phase of growth, the reforms needed to make Indian factories globally competitive, and why India must chart its own manufacturing path rather than replicate China’s model. All this and more in the latest India@100 Special issue of Business Today Magazine. Out on stands now.

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India’s new billionaire class is rewriting the rules of wealth creation. Business Today’s latest issue, “The New Billionaires”, explores how a new generation of founders is building tomorrow’s businesses by leveraging technology, digital infrastructure and a rapidly evolving entrepreneurial ecosystem. The issue takes a deep dive into how founders are creating billion-dollar companies from scratch, powered by smartphones, affordable data, UPI, Aadhaar and venture capital. It examines the rise of next-generation businesses across fintech, consumer technology, education, mobility and SaaS, and how these entrepreneurs are compressing the journey from idea to scale. Featuring Prateek Maheshwari of Physics Wallah, Harshil Mathur of Razorpay and Ruchi Kalra of OfBusiness on the cover, the issue explores the ambition, innovation and strategies driving India’s new generation of business leaders. Also, discover how serial entrepreneurs are making their second innings, and how emerging space-tech startups are building for India’s next frontier. All this and more in the latest issue of Business Today Magazine. Out on stands now.

India’s dairy sector is entering a transformative phase, driven by the nation’s position as the world’s largest milk producer and the growing emphasis on value-added products. This issue of Business Today magazine explores how the industry is shifting from volume-led growth to innovation-driven strategies, enabling companies like Amul, Mother Dairy, Nestlé India, Heritage Foods, and Country Delight to capture higher margins, expand product portfolios, and meet evolving consumer preferences. Take a deep dive into how India’s dairy sector’s opportunities and challenges in scaling production, maintaining quality, and using technology efficiently. Examining operational, financial, and regulatory aspects, the issue also focuses on the dairy sector’s role in boosting rural incomes, modernizing supply chains, and contributing to India Inc.’s growth. All this and more in the latest issue. Now on stands!