Cover Story
- The group that prides itself on ethics, highest standards of corporate governance and social change, has a lot of explaining to do for the issues raised to contain further reputational damage.
- The conclusions one can draw from the abrupt removal of Cyrus Mistry
BT 500 to 1000: India's Most Valuable Companies
Check out the list of India's top 500 to 1000 companies based on their market capitalisation. Oil marketing company Indian Oil Corporation continued to ride the softening of oil prices, raking up the highest growth in profits among the BT500 companies. Private banks are consistently beating the public sector banks in terms of the market cap growth. And the difference is only widening. In the past two decades, HDFC Bank has perfected its business model of consumer banking, SMES and corporate banking with a focus largely on working capital loans. It is now creating new growth engines. iPhone 7 Plus vs Pixel XL Discernible trends from an analysis of BT500 dataBT 500: India's Most Valuable Companies
Check out the list of India's top 500 companies based on their market capitalisation. This story of how an Indian entrepreneur painstakingly built a microfinance institution is both genuine and inspiring. The rising competition in the telecom sector has spoiled Bharti Airtel's party. The company is gearing up for a prolonged fight. India Inc. reined in dividend payouts in 2015/16, a consequence of subdued corporate results in the fiscal year. The biggest gainer in market cap in the Top 10, Housing Development Finance Corp is consistently focusing on improving ROE and operational efficiency to generate wealth for its shareholders. Newly-listed IndiGo is the top new entrant in BT500 and, expectedly, the market's favourite in its sector. Infosys makes a comeback to the Top 5 of the BT500 listing, after a five-year hiatus. Seven changes in Top 10 and 19 in Top 25 mark the latest edition of BT500 rankings as markets punished the reckless. After a difficult year, India Inc can expect a sunnier 2016/17. When we decided to tweak the methodology of the BT500 this year, it was only the third time in our flagship listing's 24-year history. With the worst performance among sectors in BT500, most mining and metal companies continue to struggle. Oil producer ONGC lost the most market cap in the BT500. But with OPEC talking about production cut and price corrections, the company will hope for a change in fortune. Many major pharma stocks, seen as safe bets in the worst of times, have seen their market caps slip in the past year. Is pharma losing its sheen on the bourses? The gap between No. 1 TCS and No. 2 RIL has begun to reduce, but the difference is still significant. Indian textile and apparel companies benefit as global brands look beyond China for sourcing. The sector also shows the highest growth in market cap in the BT500."Technology is not cheap in India"
Sushobhan Dasgupta, Managing Director, Johnson & Johnson Medical India, & VP, Diabetes Care, Asia Pacific, talks to P.B. Jayakumar about the changes that need to be brought about in the Indian medical devices industry. What (un)follows when brands turn annoying on social media. Rs 5.63 lakh crore, worth of investment commitments to Madhya Pradesh across sectors during the two-day Global Investors' Summit in Bhopal, said Chief Minister Shivraj Singh Chouhan.
Too Big to Govern?
In a little over two years since its formation, Telangana now has 31 smaller districts from the earlier 10. But it may not add to administrative efficiency. As things stand today, the GST will comprise a minimum tax of 6 per cent, two standard rates of 12 per cent and 18 per cent, and a peak rate of 26 per cent, besides additional cesses on sin goods. In a little over one year after coming to power, the Narendra Modi government had launched an 'Indradanush' package to recapitalise PSU banks that were reeling under bad debts. The Centre's policies have made India an attractive FDI destination, but a more liberal environment would give the much-needed boost to the economy. The growth of India's famed software companies has slowed. It may be a new normal.
The Tata Sons Imbroglio
This year, the fireworks started a week before Diwali. On Monday, October 24, the board of directors of Tata Sons, on the advice of the principal shareholders - the Tata Trusts - decided to "replace" the chairman of Tata Sons, Cyrus Mistry.
