In this issue

THE WORLD’S LARGEST stock exchange on Wall Street has now had
the longest initial public offering (IPO) winter since 1980. The New York
Stock Exchange saw a meagre 154 firms debut with their primary offers
of shares in 2023, from a whopping 1,000 IPOs in 2021, primarily owing
to the high-interest rates that have dashed hopes of high valuation of
stocks. The Indian capital markets belied the trend, as our cover story
revealed in July 2023, showing how IPOs were beginning to flock back
to the markets after a barren spree in 2022.

Happy Reading!

2024: India's Breakout Year

BY THE END OF 2024, the Indian economy will cross an important milestone: a GDP of $4 trillion. India’s GDP is currently $3.70 trillion. Nominal GDP is estimated to grow 11 per cent in calendar 2024 (real 6.5 per cent plus 4.5 per cent inflation deflator) to $4.10 trillion.

4 mins

NAVIGATING THE CROSSROADS THE EVOLUTION OF MIDDLE MANAGEMENT

THE PROFOUND transformations brought about by the Covid-19 pandemic have hastened the trend toward flatter, and more decentralised, more distributed organisational structures.

3 mins

1992, India's Original Fintech Moment

IN CHALLENGING the prevailing notion, one should acknowledge that the genesis of startups, particularly within the technology domain, transcends contemporary narratives and traces its roots back many decades. While the term “startup” may commonly evoke images synonymous with Silicon Valley or Bengaluru and the current digital era, it is essential to recognise that entrepreneurial enterprises have been integral to human ingenuity throughout successive eras.

4 mins

RESOLUTION FOR A NEW INDIA: Reinvigorating the Fight Against Poverty and Inequality

THE IDEA OF INDIA is an amalgamation of many struggles, contestations, quandaries and paradoxes that have, since time immemorial, shaped its principles, emboldened its political communities and empowered its people.

5 mins

Navigating Change: Angel One's Transition from Legacy to Digital

It is hard to find the best people to manage your wealth when your savings are 1, 2 or 5 lakhs. A reliable super app like ours with diverse offerings acts as a one-stop space for this large younger cohort to enter the markets, writes PRATEEK MEHTA, Chief Business Officer, Angel One

2 mins

The Present is the Canvas to Paint the Future

Srinath Sridharan & Steve Correa

4 mins

DON'T LET OLD DAMS BE DAMNED

BEFORE WRITING this column, a little bit of Google search about dams in India and around the world, produced interesting snippets. India’s oldest (and the world’s fourth oldest) dam ‘Kalanai’ aka ‘Grand Anicut’, on the Kaveri in Tamil Nadu, with a storage capacity of just over 15 metres cube (3,650 cubic metres) built by the Cholas in 150 CE is still in use! Our largest dam now – Indira Sagar on the Narmada in Madhya Pradesh (MP) has a capacity of 12.22 billion cubic metres.

2 mins

Pushing Buttons in New York!

ONE OF MY ABIDING MEMORIES of New York city is of crossing the streets there. I was quite fascinated with what I saw when I first visited New York.

2 mins

Books and Reading

BOOKS ARE DEAD” seemed as prophetic at the turn of the millennium as Nietzsche’s “God is dead” about a century earlier. Yet, both are very much alive, continuing to be as popular and influential as they ever were.

2 mins

Individual Culture Should Be "Safeguarded" In A Collective

ADITYA KANTHY, the CEO of the recently formed Omnicom Advertising Services (OAS) in India discusses how individual brand ethos will be invested in and nurtured for BBDO India, DDB Mudra and TBWA\India despite the formation of an umbrella OAS framework

3 mins

BEYOND BREAKING

Booming construction sector is helping drive the demand and capacity for glass manufacturers like Saint-Gobain India that is now investing over Rs 6,000 crore in capacity augmentation

5 mins

GLOBAL LEADERS PITCH FOR BUILDING TRUST

India's positioning for global investors has been taken to a new level at Davos. At the national level and regional state level, India's capabilities in a range of sectors were displayed in an experiential format. Invest India set up an experience centre where visitors could view demos by domain experts and entrepreneurs

4 mins

"OUR INDIAN BUSINESS IS THE FASTEST GROWING ACROSS MARKETS"

Headquartered in the United States, NYSElisted Belden Inc. is a leading global provider of network infrastructure and digitisation solutions.

4 mins

LANDMARK LISTINGS

With the mCap of BSE & NSE Emerge listed SMEs crossing the Rs 2 lakh crore mark for the first time, can the Indian SME story fuel it towards Rs 3 lakh crore this year?

6 mins

TAKING THE BIG LEAP IN EXPERIENTIAL

Exhicon Group has its presence through group-promoted entities in India, Thailand, Hong Kong and UAE and six domestic companies in India. Established in 1997, with a capital of Rs 2,300, the group provides end-to-end services for exhibitions and events.

2 mins

"IPO HAS POSITIVELY IMPACTED US"

Since listing, Bondada Engineering stock prices have been on a high. B.R. RAO, Chairman and MD, Bondada Engineering and his CFO, B. SATYANARAYANA talks to ASHISH SINHA about the gains, learnings post the IPO. Excerpts:

2 mins

"WE SMOOTHLY OVERCAME ALL THE CHALLENGES"

Established in 2010, today Goyal Salt shares are on a high especially post IPO. PRAMESH GOYAL, Managing Director, Goyal Salt talks about the IPO-journey, the learnings in a chat with ASHISH SINHA of BW Businessworld. Excerpts:

1 min

CRAYONS FUELLING GROWTH

Kunal Lalani, Chairman and Managing Director of Crayons Advertising envisions the company's future by investing in technology-enabled experiential solutions across diverse verticals

1 min

INCREASING TRANSPARENCY

Bright Outdoor Media's Chairman & Managing Director, Yogesh Lakhani says that post being listed, the outdoor advertising company has increased its focus to grow in the sector and intends to look at experiential space in the future

2 mins

OPENING NEW DOORS

Graphisads' leaders share that being listed on the NSE has attracted shareholders and investors \"eager to collaborate\" with the advertising and outdoor company

2 mins

BOLD GREEN AMBITIONS

Alpex Solar seeks to capitalise on the PM Suryoday Yojana and intends to use the proceeds from its IPO towards expanding its solar capacity and backward integration of aluminium frames

2 mins

"TAKING CHINA HEAD-ON ISN'T THE BEST STRATEGY"

\"The substantial investments China is making in chip manufacturing poses a risk of overcapacity, making it difficult technologically to profit from less advanced nodes\"

3 mins

"The scope of our presentation was at the highest level"

In an exclusive conversation with BW Businessworld, India Art Fair Director Jaya Asokan gives a tour of the 15th edition of the fair

2 mins

Audi's Baby Q Ticks Most Right Boxes

The new Audi Q3's sleek design, comfortable interior, and advanced technology makes it a suitable compact luxury SUV for your daily drive

3 mins

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BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

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