The full-year budget to be presented on July 5 could change some
allocations and other announcements made on February 1, 2019. Here are
some high - lights of the interim budget in areas that may see fresh
announcements in July
LOTS Wholesale Solutions is a late entrant to India's cash-and-carry market, having started in January 2017, years after formidable rivals such as Metro and Walmart entered the country. It has been very aggressive though - starting its first three stores within seven months and chalking out a plan to open 15 stores within three years. A subsidiary of Siam Makro, the cash-and-carry player with a long history in Thailand, it is part of the CP (Charoen Pokphand) group. Tanit Chearavanont, Managing Director, LOTS, responsible for cracking the Indian retail market, speaks to Business Today's Prosenjit Datta about how he plans to go about it. Edited excerpts
Drug regulatory reforms in China have turned the heat on the Indian pharmaceutical industry and raised the cost of bulk drugs. But some firms have managed to turn the crisis into an opportunity by filling in the space left by the Chinese.
When fuel prices were low in the early years of the previous government,
it passed on only a fraction of the benefits to consumers and used the
high excise duty from sale of petrol and diesel to offset the shortfall
in disinvestment income
Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank After his 30-year stint as a reputed banker, Ghosh set up Ujjivan, a microfinance institution, in 2005. Twelve years later, he turned it into a small finance bank, catering to four million customers, and is now launching a digital interface to serve 40 million customers in seven years.