- To a degree, Hyundai's position in India is driven by choice. For Hyundai, India is a part of one of the most enviable market portfolios in the world. Suzuki, on the other hand, relies on India to support its global portfolio.
Wearable gadgets are the next big thing in the tech world, driving innovation. Here's why you should wear one as well.
Business Today brings you snapshots from newsmakers this past fortnight.
Like IT outsourcing firms, medical technology companies are now increasingly being forced to transition to outcome-based revenue models as health-care reimbursements come under increased scrutiny. Drug Controller General of India GN Singh speaks with Business Today about the government's plan to revamp the drug regulatory system. DGCI GN Singh is trying hard to revamp the system even as cumbersome rules, process delays and rampant corruption pose a challenge to the pharma industry. A series of major acquisitions in 2014/15 is seeing other players like Carnival and INOX catching up. Former UPA minister Jairam Ramesh, in a conversation with Business Today, minces no words when he calls the Ministry of Environment and Forests (MoEF) a bed of thorns. The government has taken the sheen off the FDI cap hike in insurance by mandating Indian partners to keep management control of local joint ventures.
Private equity funding of asset reconstruction companies will transform the bad loan market, but for that complete control over the acquired assets is a necessity. Chaayos is Nitin Saluja and Raghav Verma, the two IITians' attempt to bring home-style servings of the vintage brew in a modern and funky cafe format. Each of the big four companies of online furniture retail - Pepperfry, Fab Furnish, Urban Ladder and Mebel Kart - is devising its own methods to woo shoppers. Vishal Mehta has had limited success as an online retailer with Infibeam.com. But he is back in the hunt with e-commerce infrastructure provider BuildaBazaar.com. Its problems include two types of aircraft in its fleet, a pile of dues, a high employee-plane ratio, mounting losses and a brand image that has been hurt in recent months due to a series of flight cancellations and passenger dissatisfaction.
Grant Thornton Global CEO Ed Nusbaum spoke with Business Today on his recent visit to India about the company's growing business in and learnings from India.
In the virtual world, six degrees of separation - the theory that you are only six steps away from knowing any other person in the world - has probably narrowed down to three.
"Without any clarity on the compliance rules and procedures, it will be challenging for them (government) to design the compliance framework for GST," writes Satya Poddar. With the continuing downslide of inflation, the central and state governments may be looking at falling buoyancy of their tax revenues even in 2015/16, writes DK Srivastava.
The projects are falling out of favour because of the withdrawal of tax benefits to them. For years, the politico-business nexus has been creating the impression that there are no takers for India's vast natural resources. Hopefully, this phase is over. India has one of the highest density of livestock population and poorly guarded animal-human interface makes it vulnerable to disease outbursts, says a medical expert.
"Were there more things he (Finance Minister Arun Jaitley) could have done, bolder steps he could have taken? Probably," writes Business Today Editor Prosenjit Datta.
Business Today readers give feedback on the magazine's coverage in the March 15, 2015 issue.
More than 80 executives had a fun day at work at BT's golf event in Mumbai recently. Top HR executives in Bangalore discuss social media at workplace and whether working from home is a good option.
A lyrical, inspiring book that aims to re-ignite the spark of passion in the work we do.