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Lifting the Megha Veil
Business Today
A CRUDE AWAKENING
ALL GUNS BLAZING
EXPORT AWARDS CELEBRATE BRIGHTEST STARS IN GEM & JEWELLERY TRADE • For centuries, India has been synonymous with exquisite gems and jewellery, captivating the world with its rich heritage of craftsmanship and unparalleled beauty. This illustrious tradition continues to shine brightly today, solidifying India's position as a global leader in the diamond and jewellery export industry.
GROWTH CHALLENGE • With a new CEO at the helm, IT major Wipro is trying to send out a word of assurance to its employees and investors
TOUGH TIMES
Crisis Spills Over • Iran’s aerial strike on Israel could spell new trouble for the Indian economy. A prolonged crisis could not only impact crude oil prices but also require a reworking of the economic projections for FY25 and possibly delay a rate cut
PALL OF GLOOM • The intensifying crisis in the Middle East could hurt market sentiment. All eyes are on a favourable monsoon and postelection policies
ALL THAT GLITTERS • The price of gold has been rising unabated. It has soared to more than ₹73,000 per 10 gm in 2024 from ₹31,000 in early 2018. Is the rally sustainable or is this a bubble?
SILVER LINING • Silver prices are touching new highs, despite fluctuations. But what is driving the rally in the white metal?
A Stellar Debut • The TAC Infosec IPO saw bids worth ₹8,417.33 crore pouring in, thanks to intense bidding from all categories of investors
Distress in the Books • Bandhan Bank, the brainchild of Chandra Shekhar Ghosh, has made the journey from an MFI to a bank, but with many hurdles. Now with his resignation as MD & CEO, is the lender staring at more uncertainty?
“Core of insurance lies in long-term security” • Vibha Padalkar, MD & CEO of HDFC Life, on the insurance provider’s performance, surrender charges, and future innovations
UNRAVELLING MEGHA • After Megha Engineering’s name figured in the list of electoral bond buyers, there was unbridled curiosity about its business, promoters and just about everything. Here are the details
MEGHA’S MEDIA NET • Megha’s P.V. Krishna Reddy made an interesting strategic investment in media brand TV9 in 2018 together with the promoters of the My Home group
“I LET MY WORK DO THE TALKING” • Megha Engineering & Infrastructures MD P.V. Krishna Reddy on being low profile, the infra opportunity and much more
THE DARK SIDE OF GOLD LOANS • THERE HAS BEEN A SHARP RISE IN GOLD LOANS IN RECENT YEARS. BUT THERE IS A SEEDIER SIDE TO THIS, AS IS EVIDENT FROM THE RED FLAG THE RBI RAISED RECENTLY. WILL THE REGULATOR’S MOVE PROTECT CUSTOMERS?
ACTION AND REACTION
MODUS OPERANDI
“India should start privatising public sector banks” • Arvind Panagariya, Chairman of the 16th Finance Commission, on growth, inequality, jobs, the banking sector, and more
READ CREDIBLE, EXCLUSIVE, AND INSIGHTFUL BUSINESS STORIES
CRISIS IN THE CLOUDS • INDIAN AVIATION IS IN CRISIS. AIRLINES ARE GRAPPLING WITH FLIGHT CANCELLATIONS, CREW SHORTAGES, AND COMPLAINTS ABOUT POOR SERVICE, AND ARE BLEEDING DUE TO RISING COSTS. WILL THE FASTEST-GROWING AVIATION MARKET RECOVER?
DARK SKIES
PLANE PAIN • While domestic air traffic has been rising steadily since the pandemic, airlines—facing multiple challenges—have not been able to keep up with demand
WIDENING THE POOL • THERE HAS BEEN A JUMP IN INDIVIDUALS INVESTING DIRECTLY IN THE STOCK MARKETS, BUT MUMBAI AND AHMEDABAD STILL ACCOUNT FOR THE LION’S SHARE. THERE DEFINITELY IS SCOPE FOR IMPROVEMENT...