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Aiming for the Sun: How the $11.75 billion Organon buy is cementing Dilip Shanghvi’s legacy

Sun Pharmaceutical Industries has struck its largest global deal to acquire US-based Organon for $11.75 billion. This deal expands Sun Pharma's footprint to 150 markets. Will it pay off?
Aiming for the Sun: How the $11.75 billion Organon buy is cementing Dilip Shanghvi’s legacy
One of the biggest strategic bets in Indian corporate history is the recent Sun Pharmaceutical Industries’ $11.75-billion acquisition of US-based Organon, a move that could transform the company from India’s largest drugmaker into a truly global pharmaceutical powerhouse. Business Today’s latest issue takes a deep dive into Dilip Shanghvi’s high-stakes gamble, examining how the deal expands Sun Pharma’s footprint across more than 140 markets while opening up new opportunities in women’s health, biosimilars, specialty medicines, and China. At the same time, it explores the challenges ahead — from debt and integration risks to the pressure of scaling a multinational healthcare business at a time of major shifts in the global pharmaceutical industry. Also take a detailed look at GIFT City’s ambitions of becoming India’s global financial gateway, the IPL’s transformation into a serious global investment and sports business powerhouse, and India’s breakthrough in nuclear energy with the Kalpakkam prototype fast breeder reactor reaching criticality — a milestone that could strengthen the country’s long-term energy security ambitions. All this and more in the latest issue of Business Today Magazine. Out on stands now!
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Business Today’s latest issue spotlights India’s fast-rising smartphone and handset manufacturing boom, positioning it as a defining moment in the country’s push to become a global electronics powerhouse. Large-scale production, surging exports, and the growing presence of global supply chains have accelerated India’s emergence as a key hub for mobile manufacturing. Backed by policy support such as the PLI scheme and shifting global dynamics, the sector is witnessing unprecedented scale, job creation, and export growth—placing smartphones at the centre of India’s industrial transformation. Also, take a deep dive into the structural realities shaping this growth story. The issue explores the critical need to move up the value chain by strengthening domestic component manufacturing, increasing local value addition, and reducing import dependence, even as global uncertainties and evolving business strategies influence investment decisions. A mix of opportunities and how challenges will be tackled by India Inc. will determine whether the nation can transition from a large-scale assembler to a truly integrated, innovation-led electronics manufacturing hub. All this and more in the latest issue. Now on stands!
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Business Today’s latest issue turns a sharp lens on one of India’s most critical yet under-addressed vulnerabilities: Energy security in an increasingly volatile global environment. Triggered by recent geopolitical disruptions, the edition examines how external shocks are exposing deep structural gaps in India’s oil and gas ecosystem—far beyond short-term supply concerns. At its core, the issue examines the widening gap between India’s rising energy demand and limited domestic production, driven by policy complexity, regulatory inconsistencies, and weak incentives that have constrained exploration and deterred investment—leaving vast hydrocarbon potential untapped and the system heavily import-dependent. It also assesses recent reforms and strategic choices as India balances energy security with sustainability, highlighting the urgent need to boost domestic output, strengthen supply resilience, and adopt a more cohesive, forward-looking approach to its energy future. All this and more in the latest issue. Now on stands!
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The 14th edition of Business Today India's Best CEOs captures a defining moment for India Inc—one shaped by volatility, global realignments, and an urgent push towards resilience. Indian businesses are navigating a challenging global backdrop marked by energy shocks and geopolitical uncertainty, yet demonstrating a clear strategic playbook: Diversify, de-risk, and build domestic capability while staying globally engaged. That spirit is reflected in the leaders featured in this edition. At the centre of this narrative is Vellayan Subbiah, Executive Chairman, Cholamandalam Investment & Finance Company; Vice Chairman, Tube Investments of India; and Chairman, CG Power and Industrial Solutions, honoured as the 'Business Icon of the Year', whose leadership exemplifies this shift. Steering key Murugappa Group companies, Subbiah represents a new generation of leaders balancing legacy with transformation. His focus on aligning corporate strategy with national priorities, particularly in areas like semiconductors and clean mobility, reflects a broader trend of Indian industry moving in step with the country’s long-term ambitions. The issue also celebrates Arundhati Bhattacharya, President & CEO, Salesforce (South Asia), honoured with the 'Lifetime Achievement Award', whose career mirrors the same spirit of reinvention. From leading SBI through major transformation and digital modernisation to now steering Salesforce in South Asia, she represents a rare blend of discipline, adaptability and future-ready leadership. The stories in this issue spotlight visionary leaders who are not merely reacting to disruption, but actively shaping India’s economic future with conviction, agility, and a long-term vision. All this and more in BT Magazine's 14th Edition of BT India's Best CEOs. Now on stands!
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Business Today Magazine’s latest issue turns its focus to a critical theme shaping the future of economies and technology: the growing importance of self-reliance in an era of volatile global supply chains and rapidly advancing artificial intelligence. As geopolitical tensions and energy disruptions expose the vulnerabilities of overdependence on external systems, the conversation around economic and technological sovereignty has become more urgent than ever. At the heart of this issue is the rise of a new generation of Indian technology builders working to develop foundational AI capabilities within the country. The cover story explores how India’s ambitions in artificial intelligence are evolving, the strategic importance of building domestic technological capacity, and why control over core technologies—from AI models to semiconductor ecosystems—will increasingly influence economic resilience and national competitiveness. Beyond artificial intelligence, the issue also examines how global shocks—from supply chain disruptions to energy market volatility—are reinforcing the need for stronger domestic capabilities and strategic buffers. Together, these insights offer a broader perspective on how nations and businesses are preparing for a more uncertain global landscape. All this and more in the latest issue. Now on stands!
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