Business Today

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The Passing of a Titan

Business Today

THE BIG FAT INDIAN WEDDING • INDIA HOSTS AROUND 10 MILLION WEDDINGS ANNUALLY. IN 2024, FROM JANUARY 15 TO JULY 15, THE INDUSTRY HAS SEEN MORE THAN 4.2 MILLION WEDDINGS. HERE ARE SOME KEY NUMBERS:

DOLLAR DREAM$ • CAMPAIGNING FOR THE PRESIDENTIAL ELECTIONS IS UNDERWAY IN THE US, INDIA’S LARGEST EXPORT DESTINATION AND SECOND-LARGEST TRADING PARTNER AFTER CHINA. OVER THE PAST DECADE, TRADE TIES WITH THE US HAVE STRENGTHENED STEADILY. WITH THE US FOCUSSING ON SUPPLY CHAIN DIVERSIFICATION, INDIA’S CONTRIBUTIONS—PARTICULARLY IN KEY SECTORS LIKE IT, AI AND SEMICONDUCTORS—ARE POISED TO ENSURE SUBSTANTIAL GROWTH. AS A RESULT, BILATERAL TRADE COULD JUMP MORE THAN FOUR TIMES BY 2030 FROM $118 BILLION IN FY24. THE POLL RESULT WILL SHAPE THAT TRAJECTORY

THE LEGACY OF RATAN TATA • AFTER SUCCEEDING J.R.D. TATA IN 1991, THE RETICENT AND HUMBLE RATAN TATA TRANSFORMED THE CONGLOMERATE INTO A GLOBAL FORCE THROUGH SOME BOLD ACQUISITIONS

TIMELINE

BT WITH RATAN TATA • The late tycoon was featured multiple times on the cover of Business Today over the years

POWERED BY TCS

THE SUCCESSOR • With Noel Tata taking charge of Tata Trusts, his son Neville may eventually lead Tata Sons

STAMPING HIS AUTHRORITY • Ratan Tata’s biggest challenge after he took over was establishing control over group firms that were then headed by ‘satraps’—executives who ran them like their fiefs

A CRISIS FORETOLD • Heightened tensions in the Middle East could spell trouble for the Indian economy as crude oil prices rise and markets shiver

A Delicate Balance • The first 100 days of NDA 3.0 were business as usual for the most, barring some rollbacks and reviews. Experts say faster growth must remain a priority

AN OVERVIEW

CHARGED UP • The prices of EV batteries are falling faster than what was anticipated earlier. This could result in more affordable battery packs

Early Bird Schemes • NPS Vatsalya serves as a foundation for initiating your child’s retirement planning early on, while instilling a sense of financial discipline

BUILDING A BASE

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Need Greater Regulatory Safeguards • The recent allegations against Buch, though lacking in substance, present a valuable opportunity for India to reevaluate how it safeguards its regulatory officials

‘‘Offering options is not a U-turn” • Finance Minister Nirmala Sitharaman says the Modi 3.0 government has done a lot of work during the first 100 days of its term, with a focus on employment, employability, and skills

“GOVERNMENT DOESN’T WORK ELECTION TO ELECTION” • Piyush Goyal, Union Minister of Commerce & Industry, decodes the government’s policies

INDIA’S EV RACE • THE GROWING INDIAN EV MARKET IS POISED FOR FIERCE COMPETITION AS M&M, MARUTI SUZUKI, AND HYUNDAI PREPARE TO LAUNCH A CLUTCH OF NEW EVs NEXT YEAR, CHALLENGING LEADERS TATA MOTORS AND JSW MG MOTOR INDIA. IT’S GAME ON

AN ELECTRIFYING WAR

THE SUBSIDY ISSUE • The PM E-DRIVE scheme does not offer subsidies for passenger vehicles and e-taxis. Will customers take the bait of low GST?

THE FIGHT PLAN

HERE A TESLA, THERE A TESLA… • Tesla Motors has promised to enter India since 2019 but they are nowhere near to setting up shop

ADANI FOUNDATION’S PROJECT UTTHAN TRANSFORMING EDUCATION IN GOVERNMENT SCHOOLS • Improving students’ basic skills is important for better results in board exams, especially in government high schools. Adani Foundation, the corporate social responsibility (CSR) arm of the Adani Group, recognised the need to boost...