Cover Story
- A group of inheritors takes charge with new ideas and new strategies
- An air of urgency has been visible at the Mumbai headquarters of the second-largest Indian pharmaceutical company by sales, Lupin Ltd, for the past three to four years.
- Samina Vaziralli, grand-daughter of Cipla's founder Dr Khwaja Abdul Hamied, had taken a break from her professional career as a banker.
- At a time when Big Pharma is desperate for blockbuster breakthroughs and viable business strategies, one Indian firm is basking in the knowledge that its leadership baton will be passing into younger hands.
- Arjun Juneja joined New Delhi-based Mankind Pharma in 2008 after completing his Bachelor of Business Management from the University of Bradford and MBA from the University of Strathclyde, UK.
- Unlike many of the India Inc. successors who had got smoothly running companies on a platter, Habil Khorakiwala's younger son Murtaza faced a tough beginning.
- Kiran Divi and Nilima Motaparti are under the spotlight. Indeed, all eyes are on the son and daughter of Divi's Laboratories founder Murali Divi.
Price War
The stents that Abbott and Medtronic wanted to discontinue had a price tag of Rs 1,00,000-plus. Investors looking for treaty shopping may meet with failure as government hardens stance on tax evasion. Even new generation private sector banks are showing asset quality deterioration in stressed sectors. Banks face more pain as RBI seeks higher provisioning for even standard assets in stressed sectors. Even spot-on monsoon predictions leave out details that can hinder crop prospects.
Pushing Modi's Agenda
The mandate of NITI was to adopt a planning process with greater perspective, instead of the erstwhile Planning Commission's prescriptive plan and non-plan allocation based approach. Bereft of passengers, money and favourable policies, regional airlines are dying. There has been a significant uptick in the number of projects being revived over the past three years. but the road to broad-based recovery is distant amid low domestic demand. Asking employees to leave may be inevitable, but companies can make the process less unpleasant and disheartening. Corporate India rushes to cater to the resurgence of rural demand following a year's good monsoon and supportive government actions. A mens grooming start-up has revived a classic product to make sure traditional shaving is back in style . Kia Motors Corp, a unit of Hyundai, will invest $1.1 billion in Andhra Pradesh to build its first manufacturing facility in India.
The Fintech Evolution
The fintech sector has been one of the biggest recipients of start-up funding, attracting $2.5 billion since 2010, of which 86 per cent has come in the last three years alone. In 2016, though, things seem to have eased a bit. These less-discussed applications of fintech can transform microloan pricing and personal finance, leading to fair lending and wider inclusion"There should not be any levy on digital transactions"
Andhra Pradesh Chief Minister N. Chandrababu Naidu was the prime mover behind Cyberabad, the information technology hub that hosts global giants such as Microsoft, as an extension to the twin cities of Hyderabad and Secunderabad. Several government steps over the years have made digital payments affordable. The transition to a cashless economy requires building a safe and secure payment infrastructure.
The Perfect 10
Know how to ace mobile photography with these simple editing tools and filters. Samung Galaxy S8+ is the complete package - high on looks and big on performance.
peoplebusiness
Over the past fortnight, Mukesh Ambani and Reliance Industries have been in the limelight. Ambani reclaimed his spot in Forbes' list of the world's richest people - the business tycoon is now the 20th richest man in the world.
"We Don't Force Diversity"
Sari Brody, Global Diversity and Leadership Manager at IKEA Group, tells Sonal Khetarpal about the company's continued emphasis on diversity and inclusion.
"Do not need full ownership if you have a good partner"
In the din of rapid-fire announcements around defence tie-ups for manufacturing in India, the 17.8-billion BAE Systems has made two very significant breakthroughs that have the potential for multi-year orders from India's defence forces.
The Pharma Barons
The post-Independence Indian pharma industry was really created by a generation of scientist-entrepreneurs who took advantage of the two changes made by the government in the 1970s.
