The market is witnessing two dichotomies right now - one, the economy is showing signs of slowdown while markets are rising; and within markets, while top 15 companies are driving the Sensex and the Nifty, mid-caps and small-caps are being battered
BT Mindrush2019: Businesses have to be disruptive or they might perish
MindRush 2019 explores ideas for leaders to face the future
Speaking at the annual event BT Mindrush, Aroon Purie, Chairman and Editor-in-Chief, India Today Group, stressed on the criticality of the job of a CEO. He explained how businesses were coping with blistering change. Watch the video for more.
The business conclave is a master class on the future of business and brings together a galaxy of international thought leaders and Indian industry captains to hone their management thinking and business strategies. Business Today awarded the Best CEOs at BT Mindrush2019. Watch the video for the winners.<br /><br />
Leaders of today's organisations should learn from epics such as Mahabharata, Ramayana and ancient management expert Chanakya's Arthshasthra to bring in changes, said Radhakrishna Pillai, management expert and author of the book, Corporate Chanakya. Speaking at a session on Corporate Chanakya at Business Today Mindrush, he said ideal leaders require certain traits, as Chanakya had elaborated in his book. One of them is ability to gather and dissect information, by either directly pursuing or indirectly pursuing or through perceived or inferred collection of information.
At BT Mindrush 2019 event in Mumbai, Group Editorial Director, Publishing, India Today Group Raj Chengappa opened the conclave. He spoke about the challenges to businesses in today's competitive world. Watch the video for more.
With numerous popular titles to his name, including The Rozabal Line, Chanakya's Chant, The Krishna Key, Private India (co-written with James Patterson) and The Sialkot Saga, Ashwin Sanghi explains the lifecycle of an enterprise, comparing the two trinities of Gods Brahma, Vishnu and Shiv and Goddesses Saraswati, Lakshmi and Durga. He shares the importance of Chanakya's Arthashastra, Mahabharat and Ramayan for enterprises and how they can draw references from them. Watch the video for more.
Addressing the 'time' challenge, holistic fitness trainer and accomplished pilates teacher Vesna Pericevic Jacob said you don't have to slot a special hour in a day for exercise; take out time for small pockets of movement through the course of the day and you'll be good. Whereas, echoing the thoughts, fitness and wellness expert Nawaz Modi Singhania said there are exercises that give you high impact in less time. Jacob and Singhania were speaking at the seventh edition of Business Today MindRush. They also showed some easy moves to the power-packed gathering that one can perform sitting on the chair or standing across the desk. Watch the video for more.
Kavil Ramachandran, Professor and Executive Director, Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business, Hyderabad spoke at the BT Mindrush 2019 event about strengthening family businesses. Speaking at the seventh edition of Business Today MindRush event on the subject 'How to fortify family business', Ramachandran says family businesses should do a PEST (political, economical, socio-cultural and technology) analysis and scenario building, find opportunities in disruption, balance portfolio of products, quick but balanced response, sustain owner passion and bring in a board for constant monitoring and advice. Watch the video for more.<br /><br />
At the end of 2017, India had about eight unicorns. Today, there are 30. Yet another nuance of the ecosystem is the fact that the time to becoming a unicorn is shrinking - while it took well over five years for Flipkart, Udaan, a business-to-business e-commerce firm, did it in two. Why is this time span shrinking? At Business Today's annual conclave MindRush in Mumbai, four venture capitalists got together to explain. Anjali Bansal of Avaana Capital, Karthik Reddy, Co-founder of Blume Ventures, Rehan Yar Khan, Managing Partner of Orios Venture Partners, and Tej Kapoor, Managing Director and Head of Fosun RZ Capital India, pointed to a confluence of factors. Watch the video for more.<br /><br />
"Your lives are in danger." The warning marked the start of the session, "Rethinking the Future," by Pranjal Sharma, economic analyst and writer who focuses on technology, globalisation and media. He was referring to the fact that automation - from drones to artificial intelligence (AI) to blockchain - will impact our jobs and lives in ways we still find it difficult to imagine. Watch the video for more.<br /><br />
<p>Birla urged corporate India to have a framework which promotes acceptance of mental health. If a company's most talented employees begin to underperform for a prolonged time, if they are unable to cope with their daily deadlines or have suddenly turned quiet or overtly aggressive, then it's a red flag and employees' mental well-being has to be at once looked into. Birla launched Mpower four years ago. Watch the video for more.</p><p><br /></p>
Co-working or flexible workspaces are growing at a scorching pace in India. There are over 300 operators and a recent report stated that flexible space operators were shifting focus towards leasing medium to large-sized spaces. The millennial employee is at the heart of the trend. Millennials want to work out of places that are closer to their homes. Most Indian cities are congested and people are placing a high priority on time. Watch as Harsh Lambah, Country Manager, Regus, Karan Virwani, CWEO, WeWork India, Ritesh Malik, Founder, Innova8, Dr Sandeep Sancheti, VC, SRM University discuss this mindset shift with Rajeev Dubey, Editor, Business Today at BT Mindrush 2019.<br /><br />
Smartphones are now a part of the human anatomy, Shyam Prabhakar Mardikar, President ,Group CTO Mobility, Reliance Jio. He was speaking at BT Mindrush2019 where he explained how digital consumers have shaped the growth of the telecom sector. Watch the video for more on how everything is connected to the digital world and how its impacting our lives.<br /><br />
The market is witnessing two dichotomies right now - one, the economy is showing signs of slowdown while markets are rising; and within markets, while top 15 companies are driving the Sensex and the Nifty, mid-caps and small-caps are being battered. Experts discuss the current volatile scenario with Rajeev Dubey, Editor, Business Today. Watch the video for more.<br /><br />
India may be going through a slowdown, but it's certainly not doomsday, say CEOs of India Inc at the Business Today Mindrush event. Despite the automobile sector being the worst impacted in the current economic slowdown, Maruti Suzuki India, CEO, Kenichi Ayukawa, said that he looks at India as the most progressive market in the world. "We are investing and preparing for the future." Suresh Narayanan, Chairman and MD, Nestle India said that consumption may have dropped from 11-12 per cent to 7 per cent, but the roof hasn't fallen. "I am optimistic about the Indian economy. It may not be a quick fix, but it's certainly not doomsday."<br /><br />
The worst is not behind us in terms of falling GDP, said members of a panel that discussed 'Disrupting The Slowdown' in BT Mind Rush. "We are not seeing a bottoming out of GDP. There is a need to stop denying that there is a slowdown. This government takes too long to accept that there is a problem. This denial is causing the problem and also causing confusion," said Mahesh Vyas, CEO, CMIE. Samiran Chakraborty, Chief Economist, Citibank India, Ashima Goyal, a member of the PMEAC, Jay Panda, a politician were also a part of the panel. Watch the video for more.<br /><br />
The Indian industry is going through disruptions but that does not mean that you will die if you don't disrupt, said Pradhan, noting that data is the new oil and the government is formulating a new data policy. Dharmendra Pradhan, Union Minister for Petroleum and Natural Gas and Steel was speaking at BT Mindrush 2019. Listing achievements of the Modi government, he said electricity has reached rural houses, cooking gas has been provided to the poor and toilets have been built to make India open-defecation free. Watch the video for his keynote address.<br /><br />
Whose data to trust? This seems to be the biggest economic debate in the country right now. Four economists of repute - one of them being part of the government and another part of the previous government - sat together for a Fireside Chat during Business Today's Mindrush 2019. Montek Singh Ahluwalia, the former deputy chairman of the Planning Commission, Ajay Shah, professor, National Institute of Public Finance and Policy (NIPFP), Sanjeev Sanyal, the principal economic advisor to the government of India and Rajat Kathuria, Director and Chief Executive at the Indian Council for Research on International Economic Relations (ICRIER) discussed the issue at length. Watch the video for the full session.
Lula Mohanty, Managing Partner, Global Business Services, IBM India/ South Asia, and Dr. Rajeev Shorey, Principal Scientist, TCS Innovation Labs and Adjunct Faculty, IIT Delhi, talk about the future of IT services industry at the Business Today's 6th edition of MindRush.
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