Cover Story

Telcos ready to battle it out for India's 4G data market share
While Airtel has introduced 4G services, Reliance Jio's launch is round the corner. Vodafone is due to launch 4G services this month while Idea will introduce it in the first half of 2016.

2015-12-20

Lakshmi Vilas Bank to raise Rs 500 crore via rights issue

Lakshmi Vilas Bank's board has approved raising of up to Rs 500 crore through issuance of shares on rights basis to existing shareholders

Xiaomi India set to cross $2-billion revenue benchmark this year, says MD Manu Kumar Jain

Within a year Xiaomi has reached the top spot in the mobile phone market in India - giving a tough competition to Samsung - though it does not have a very significant offline presence

Trends

CGHS patients to pay Delhi rates for COVID-19 treatment at private hospitals until states fix own charges

The Delhi government last month issued an order fixing the cost of a COVID-19 isolation bed in any private hospital in the range of Rs 8,000-10,000 and an ICU bed with ventilator at Rs 15,000-18,000 per day

Travel plans stay unaffected due to cash ban

Sustaining growth momentum in foreign tourists arrivals despite demonetisation and push for adventure tourism were some of the highlights of Tourism Ministry in 2016.

Economy Politics

Coronavirus impact: Steel demand to drop first time in 16 years in 2020; 7.7% dip expected

ISA had projected a demand growth of 5.1 per cent for the industry but the revision was necessitated due to the extent of the pandemic that has forced India to go into a total lockdown for 40 days

Govt should deposit Rs 7,500 in bank accounts of poor, revive MSMEs: Jairam Ramesh

The Congress will soon prepare a detailed plan for revival of Micro, Small and Medium Enterprises (MSMEs) together with steps to ensure smooth crop procurement and resolving migrants' issues for the central government

Integration of Brahmos missiles on over 50 Sukhoi jets to be fast-tracked

Hindustan Aeronautics Ltd (HAL) and the BrahMos Aerospace Ltd were told to expedite implementation of the project so that it can be completed much before the scheduled deadline of December 2020

Analysing Budget 2018 and the saving-investment climate

The Economic Survey also pointed to the criticality of private investment through its finding that three-fifths of the investment slowdown episodes.

Pharma

High Court seeks explanation on steps taken against Indian pharmas' unethical marketing practices

The HC has asked government when it would make "Uniform Code of Pharmaceutical Marketing Practices (UCPMP)" to control unethical marketing practices in the pharmaceutical industry

Company Stock

Kotak Mahindra Bank share falls over 5% after bad loans rise in Q3

Share price of Kotak Mahindra Bank fell up to 5.01% to Rs 1,610 compared to the previous close of  Rs 1,697.80 on BSE. The large cap stock opened 0.76% or 13 points higher at Rs 1,710 on BSE

Stocks

Bull rocks the street

Experts aren't interested to ride the bull on concerns over valuations, but when everyone on the street seen to be cautious, markets never oblige.

GTPL Hathway share price surges 11% in intraday trade on strong Q3 earnings

GTPL Hathway has reported a 78.2 per cent year-on-year jump in its consolidated net profit at Rs 33.06 crore for the third quarter ended December 31, 2019

Aviation

Fiat Chrysler and Renault in tie-up talks: Sources

FCA and Renault have a combined market capitalization approaching 33 billion euros ($37 billion) and total global sales of 8.7 million vehicles

Telecom

Govt to start identifying new spectrum bands for 5G rollout

Harmonised and contiguous spectrum needed for deployment of next generation access technologies will also be made available, a DoT note said.

News

SC refuses to grant interim stay on operation of electoral bonds, to take up matter on April 10

Advocate Prashant Bhushan, appearing for NGO Association of Democratic Reforms (ADR), alleged that thousands of crore are anonymously being given to political parties

Events

MODI stands for 'Making of developed India', says M Venkaiah Naidu

Speaking at India Today Conclave 2017 in Mumbai, Union Minister For Urban Development And Poverty Alleviation M Venkaiah Naidu said that a new urban renaissance taking place in the country.

Indian companies don't steal jobs, they create jobs in the US: Ravi Shankar Prasad

Answering a question on the restrictions being imposed by Trump administration which is likely to impact the Indian IT sector, the minister said that the Indian IT initiative is an asset for the American economy.

Investment

11 financial mistakes people in their 30s make to regret later

You are young and healthy. You do not worry about the future. You like splurging and partying. You want to spend today than save for tomorrow. After all, who knows what future has in store for us. It's all fine until you realise one day that retirement is not far and you need to start saving for it.

Whats In

Not just a backyard

Situated on the main road that flanks Green Park, The Backyard is a fun space for a night out in town.

The Bao Trail

The Fatty Bao in the Capital symbolises all things fun and quirky.

BT More

A train-shaped restaurant on the food circuit

Catering to the chaat-loving heart of Central Delhi, the outlet of Imly in Rajendra Place is a crowd-puller thanks to its train-shaped exterior.

Travel

A Brand New Vista

Instead of rushed flights, check into Vivanta by Taj Dwarka and get refreshed with Vistara's fly and stay package

Sangria Days in Spain

Barcelona isn't the only place worth visiting. There's a lot more to Spain, both famous and not-so-famous that deserves a visit.

How to travel smart & light to an important biz conference

Travelling shouldn't be a stressful experience even if you're headed to an important business conference

Fashion

Ace The Pocket Square

Will Ayers of WILLIAM shares all the tips you need on wearing those otherwise intimidating squares with elan.

Pilot Project

Breitling's first boutique in India has many delights for the discerning horophiliac.

Products

OYO Rooms' CEO Ritesh Agarwal on how to be a successful entrepreneur

Ritesh Agarwal's highly successful start-up allows users to log on and book rooms at budget hotels and guesthouses around the country.

For the Long Run

Reebok's ZJet Run Ghost shoe gets its inspiration from a jet engine and is equipped with the proprietary Speed Channel moving air technology offering maximum cushioning and flexibility.

Features

Self drive rental service cos offer a string of benefits

Self-driven cars companies like Revv, Zoomcar and Myles allow the luxury of a holiday trip. Some even offer 24x7 road-side assistance, making the experience less stressful.

Corporates should focus on creating long-term value for employees and shareholders

Corporates are forced to deconstruct due to their size or diversification, investor engagement as well as strategy and governance issues.

Scooters have resurfaced in India's two-wheeler mkt

Scooters have returned from near-oblivion in the 2000s to claim 30 per cent of the two-wheeler market. The dramatic tale of their rise, decline and recovery.

Maggi noodles will take a long haul to return to its charm

The TRA's 2015 report on India's Most Attractive Brands shows Maggi's overall attractiveness ranking having fallen from 44th in 2013 to 100th in 2015, a 56-rank drop.

Level of optimism on GST has gone up: Jayant Sinha

The Minister of State for Finance says that any further delay in GST implementation will be a setback for the economy.

Fall in gold prices has gold loan companies reeling

The price of gold declined from a high of more than Rs 29,000 per 10 gm in January 2013 to Rs 25,550 per ten gm (as of December 2).

Health Care on Tap

A bunch of start-ups is not only arming doctors with the tools to manage their business efficiently, but also helping them spread their reach through online search tools and even private chat tools in the WhatsApp mould.

Widening the tax base requires a more efficient taxman

Income Tax employees are demanding better infrastructure and manpower to handle the ever-increasing responsibilities.

BURGER WARS

While India's growing economy and favourable demographics is a natural pull, the fast evolving Indian consumer is perhaps making this a right time for burger bigwigs to enter.

Food

The Raw Basics Of Power Eating

Treat your body well to get the most out of it. Healthy diet plans deconstructed for easy consumption.

Mexican Wave

The food festival at Eggspectation, Jaypee Vasant Continental's all-day coffee shop which is on till the 13th of Dec is proving to be popular with many in Delhi.

European Rhapsody

Indigo Deli, located at the Golden Mile off Bhikaji Cama Place invites those looking for a fine meal at an elegant destination.

Corporate

Maruti bets on new premium NEXA outlets to shed mass market tag

Maruti is opening to re-invent itself for the premium segment. The idea is to shed its image as a maker of budget cars. NEXA, it says, will offer options to customers looking for upgrades.

How V Resorts moved up from a hospitality startup

It is the story of a successful pivot, from a budget accommodation play to a more premium one where experiences hold the key.

Leadership Spotlight

We faced the challenge of an incomplete portfolio: Merc-Benz India

Roland S Folger, MD & CEO of Mercedes-Benz India, talks to Chanchal Pal Chauhan about how he attained pole position in India's luxury car market.

Focus

FIIs still positive on India despite bearish sentiment on markets

Foreign institutional investors which is the lifeline of the Indian equity market, have turned net sellers and pulled out $3.5 billion in the past four months.

THE LOOMING CRISIS

A drought looms over half of India. Some 18 states are staring at a drought like situation in several districts. It has forced the Union government to announce a raft of relief measures for the farmers. But, clearly, more needs to be done.

Defending the Web

Preventing cyber attacks is impossible. However, companies can minimise the damage.

Editors note

The New Telecom War

Telecom industry's big fight will take place between Bharti Airtel and Reliance Jio. Both are formidable players and both are using very different strategies in the 4G market.

Event

Top CEO's participate in the Lloyd Business Today Pro-Am of Champions 2016

Played on the Stableford format with Double Peoria handicap, the cool November morning witnessed some great golfing action with players vying for both individual as well as team prizes.