Cover Story
- Will re-introduction of lapsed bills be high on the agenda of the new government?
- The government will have to take preparatory steps to minimise rural distress in view of a possible weak monsoon.
- Unemployment, liquidity crunch and scepticism around monsoons may have resulted in a consumption dip, but the appetite to consume very much exists.
- Restarting infrastructure will be among the big challenges for the new government.
- Setting up labour intensive industries and making it easier to start and run businesses have to be on the new government's priority list
- Top economic experts debate how the government can hit the ground running.
- The Indian economy is not in great shape. What are the options before the new government to kickstart growth?
- The new government will have to overhaul the trade framework if India is to play any meaningful role on the world stage.
Mindtree L&T Within Striking Distance
L&T has been able to mop up shares from the market, becoming the single largest shareholder in the company with over 26.5 per cent stake in Mindtree ICRA has noted that NBFCs' assets under management growth slowed to 3.3 per cent quarter-on-quarter in Q3 2018/19, the slowest in the last 10 quarters The top 10 Nifty stocks have contributed 75 per cent to the rally in the index since its lows in February It is difficult to build a strong case of optimism about the general elections driving FPIs' investments as they tend to be very quality focussed Domestic cancer drug sales are growing at 20 per cent annually for the past few years, while global growth is half of that Starting January 1 till May 24, petrol prices in Mumbai rose a mere 3.63 per cent from Rs 74.30 to Rs 77 a litre The high-level committee set up by the Reserve Bank of India on Deepening of Digital Payments has submitted its recommendations to the governor Hinduja Group has engaged investment bankers for due diligence Markets followed different paths during the five years of the NDA government, but domestic investors' presence was steady. Slowdown, global conditions pull down volume growth. The US ban on Huawei on security grounds may have an unenviable impact, but such challenges can only be resolved if nations opt for greater cooperation and coordination.
Growth In Steel Usage Should Benefit Domestic Industry
At a time when the US and China are in the middle of a global trade war, Binoy Kumar, Secretary, Ministry of Steel, talks to Sumant Banerji about plans to encourage companies to Make in India and how India can protect its steel industry. Edited excerpts:A Family Member Is Only A Trustee
A legacy of 350 years spanning 13 generations - that's what makes German healthcare and life sciences multinational Merck a much quoted example of family leadership continuity coupled with long-term sustainability of business. Business Today's E. Kumar Sharma spoke with Frank Stangenberg-Haverkamp, Chairman of the Executive Board and the Family Board of E Merck KG, headquartered in Darmstadt in Germany. Stangenberg-Haverkamp, 70, who was in India recently, is the 11th generation leader of the holding company and head of the family. He talks about the various issues that family-led businesses need to grapple with and how a family contract can help in smooth management of family businesses. Edited excerpts: The change in ownership of steel assets will turbo-charge the Indian steel industry. With many mining leases expiring next year, quick action is required to keep steel production on track. India is set to become the second largest user of steel in the world. The steel industry has been a major contributor to India's manufacturing output, but low profitability is a concern. Increased awareness about fitness is powering the sports and fitness wear market, giving segments such as athleisure a boost. NBFCs are scurrying around for funds to cope with falling market valuations, asset-liability mismatches and rising delinquencies.
Strength To Strength
With change of guard in at least half-a-dozen companies, the Indian steel industry is undergoing unprecedented churn. It will emerge stronger than ever. Once the undisputed leader, SAIL has been outrun by private sector peers JSW and Tata Steel. But the rejuvenated steelmaker is back in the black and eyeing the top spot. Tata Steel and JSW have been fighting for the number one spot for years. Now, both are getting ready for the rough ride ahead.
Leaderspeak
Gary Knell: Be part of the solution. Be disruptive. Be somebody who thinks out of the box. And challenge things. such people make the world go round
Not A Panacea For All Woes
The economic lift via GST is not yet clear, but the 'very complex tax' could leave the struggling informal sector out in the cold and bring about an economic divide of sorts.No Chink In Android Q's Armour
The upcoming, and vastly improved, Android OS focusses on just the right areas - privacy, gestures, smarter AI and dark mode. In training an AI system to classify objects, researchers have helped it develop numerosity.
