Businesstoday
ECONOMY
No request by Pakistan for supply for COVID-19 vaccine: MEA
India's forex reserves decline $1.839 bn to $584 bn
PM-KISAN sees higher spend, but all welfare schemes aren't as lucky
Congress Working Committee decides to delay party internal elections again by four months
BT Mindrush 2021: Future of healthcare post-COVID
CORPORATE
DHFL bidding: CoC declares Piramal as successful bidder
HDIL diverted Rs 160 crore from PMC Bank to firm owned by Maharashtra MLA family: ED
RIL Q3 results: Reliance Jio, Retail overtake refining and petchem in EBITDA
Grasim Industries to enter paints business, invest Rs 5,000 crore in 3 years
Reliance Retail Q3 profit surges 88% to Rs 1,830 crore; generates 50,000 new jobs
MARKETS
Mphasis share price falls over 4% post Q3 earnings
Sensex slips 746 points, ends below 49,000: Five factors that led to correction today
Biocon share closes 11% lower post Q3 earnings
Stove Kraft IPO's grey market premium rises 26%, share sale next week
SBI Cards share hits all-time high after parent infuses Rs 450 crore
MONEY
Harassment in fintech loan recovery: Why onus is on borrowers too
IRDAI asks insurers to adopt one aspirational district each
SBI Retirement Benefit Fund launch today; offers free term cover with SIPs
BT Insight: How to save long-term capital gains on equity mutual funds
IRDAI asks insurers to forge agreements on COVID-19 treatment rates
INDUSTRY
Aurobindo, Kinvan, K'taka Antibiotics first to get PLI for drugs
Tata Motors increases car prices by up to Rs 26,000 on higher input, material costs
Tesla gears up for India debut, faces infrastructure, supply chain issues
Phase 1 trial of Covaxin shows enhanced immunity, no serious side effects: Lancet
RBI releases discussion paper for NBFCs, proposes tighter norms, multilayer structure
TECH
Huawei Mate X2 to launch in 2021: Possible specs, India price, features, and everything else we know
PUBG maker now wants to launch new PUBG-like mobile title, survival horror game, and animated series in 2022
Apple may launch thinner MacBook Air this year with MagSafe charging
Google parent Alphabet shuts project Loon that provided internet connections from giant balloons
Nokia Quicksilver may be HMD's mid-range 5G phone with Snapdragon 690 SoC
OPINION
Budget 2021: India Inc's wishlist
Budget 2021: Will govt allow FDI in school education?
Capitol Hill violence: Anatomy of chaos in the US, lessons India can learn
Rebooting Economy 60: India in a financial mess of its own making
These three key sectors expect govt to deliver a game-changing super over
photos
BT MindRush 2021: Best moments
Diesel sees decline, petrol reports demand growth in December
World leaders react to Joe Biden's inauguration as President of the US
Why India has become a favoured travel destination in 2021
Which sectors have seen recovery in jobs post-Covid?
Videos
13:27
Ways to manage mental stress and anxiety at the workplace
34:42
The coming 5G revolution: Are its applications commercially viable?
29:41
The big lessons start-ups have learnt from the pandemic
03:29
Sensex has breached 50,000: Key trends to watch out for
27:26
Experts discuss the future of healthcare in the post-COVID era
MAGAZINE
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GADGETS AND GIZMOS
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1. Manpasand Beverages Limited
Manpasand Beverages Limited is a limited liability company in India. It owns brands such as MangoSip, Fruits Up, Manpasand ORS, and Pure Sip. Its MangoSip brand was the 2nd largest selling mango drink in India in 2014. Manpasand has also entered the traditional Indian drink segment with Jeera Sip. Manpasand is targeting a revenue of Rs1,000-1,200 crore this financial year and Rs5,000 crore by 2022.
2. NCL Industries
The company was set up in 1983 by Ravi's father K. Ramachandra Raju. It began as a small cement unit with a 200 tonnes per day capacity. Today, its capacity is two million tonnes per annum. It has two cement plants - one at Simhapuri in Telangana and the other at Kondapalli in Andhra. The latest expansion in cement production has been done at Telangana and will take the total capacity soon to 2.7 million tonnes per annum.
3. Nile Ltd
In the beginning, Nile made glass-lined equipment for the pharma industry. Nile in its current avatar is a prominent recycler of lead. The company has a total installed capacity of 82,000 TPA and caters to leading companies such as Amara Raja (its biggest customer), Hyderabad Batteries and NED Energy. It also exports to Singapore, Saudi Arabia and the UAE.
4. Mahindra Lifespace Developers
MLDL had forayed into real estate way back in 1994/95. It started with development of residential real estate in Mumbai. Today, it operates in seven cities - Mumbai, Pune, Bangalore, Hyderabad, Chennai, Jaipur and NCR. The company has a diversified portfolio ranging from mid to premium housing to integrated housing and industrial cluster, which accounts for 20 per cent revenues, to the new affordable housing segment.
5. MEP Infrastructure
MEP started its toll business in December 2002 by paying the government Rs427.5 crore for the right to collect toll at Mumbai's five entry points till 2008. It continued till 2010 before the government re-invited the bids for 16 years. It won this by paying Rs2,100 crore to the Maharashtra government. It has also won rights to collect toll at a couple of National Highways Authority of India, or NHAI, roads for one year.
6. Sonata Software
Sonata Software has been in the business for more than three decades. It was set up in 1986 and got listed in 1998. The company used to resell software in the domestic market and provided related services to its customers. Sonata's returns are a jaw-dropping 680 per cent (excluding dividends) compared to 40 per cent delivered by the broader BSE IT index in the same period.
7. GRM Overseas
GRM is currently exploring high-profit channels, including branded basmati, ready-to-eat, value-added rice products, pickles and spices, which appeal to Indian-origin people across Europe and the US. Its net revenue has increased nearly four times to Rs 334.7 crore during April-June compared to Rs 85 crore in the year-ago period.
8. Bharat Rasayan
BRL's growth over the years could be attributed to this astuteness - its ability to identify the right product and launch it at the right time before there is too much competition. The company posted Rs 622.9 crore in revenue in the financial year 2016/17, up 36.5 per cent from Rs 456.1 crore in the previous fiscal.
Turnaround Success
Vaulting To The Big League
Charged Up
Cementing Its Future
Coming Full Circle
A man from Varanasi is making it big in Rs 80,000 cr beverages market
Finding The Right Mix
Meet the electricity board engineer who quit his job in 1980s to export basmati rice
Prioritising Safety
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OVER THE YEARS
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