Barring exceptional circumstances, Subrahmanyan is likely to be anointed
by L&T's board as the next managing director & CEO. But the
company he will inherit and run until it's time to pass on the baton
will be a vastly different entity from the one he takes over from Naik.
With the telecom regulator issuing guidelines for mobile virtual network
operators (MVNOs, or VNOs) earlier this month, India is set to herald
an era of no-frills telecom services. Consider them the low-cost
airlines of the telecom industry.
Prime Minister Narendra Modi, who finished his five-nation tour on June
9, secured assurances from Mexico and Switzerland, and also stitched a
strategic alliance with the US to help persuade other members not to
oppose India's membership.
Sceptics have been correlating GDP growth with other parameters, such as
sluggish job growth, weak private investments, muted bank credit uptake
and agrarian distress in large parts of India, to cast doubts over the
Many believe that Mallya's offer for a one-time settlement has set the
ball rolling for working out a mechanism for commercially prudent loan
settlements for PSBs. Private banks, as well as non-bank finance
companies (NBFCs), are known for taking haircuts and moving on.
Experts say the earnings cycle has started turning because
interest costs are lower and commodity prices have bottomed out. The
International Monetary Fund's primary commodities price index has
declined 19 per cent since August 2015.
The Internet of Things (IoT) is making this possible by allowing objects
to be sensed and controlled remotely across an existing network
infrastructure. Connected devices can be accessed using a smartphone or a
"EazyDiner was set up to solve one key problem: to help diners make
reservations at restaurants, and for restaurants to be able to offer and
take bookings," says Deepak I. Shahdadpuri, Founder & Managing
Director, DSG Consumer Partners, an investor in the company.
Rishi Gupta, MD & CEO, FINO PayTech says each player will bring its own strengths, ultimately benefiting the
customer and helping the market evolve. Emerging technologies and
business models have been driving the payments space.
Cargill Inc, the US-based agricultural trading behemoth, has had a
presence in India since 1987. It owns leading consumer brands such as
NatureFresh (edible oil, wheat flour) and Sunflower (Vanaspati) and is
expanding its operations in the country.
India is keen to build bridges and do business with Iran after the
lifting of US sanctions. But it will not be easy as Indian companies
will have to compete with Chinese and Russian conglomerates, along with
The Bankruptcy And Insolvency Act, passed in the Budget session of
Parliament this year, is meant to change this by mandating a new
framework for debt recovery and time-bound resolution of cases, limiting
the scope for judicial review, and laying a clear roadmap for how such
cases are to be handled.
Since spectrum is limited and costly, the operators have to continuously
upgrade their networks, which means putting up more towers when certain
utilisation is reached. That involves both operational and capacity
Amazon's Chief Executive Officer Jeff Bezos announced that Amazon will invest
another $3 billion (about Rs 20,000 crore) in its Indian operations to
take its overall investment in the country to over $5 billion (around Rs
In 1965, Anil Manibhai Naik joined L&T as a junior engineer. He rose
through the ranks and became CEO and MD of the company in 1999. In
2003, he became the chairman. He fended off at least a couple of
takeover bids, and vastly expanded the company.