Fortune India - March 2020
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12 issues starting from April 2021 Digital Access. Cancel Anytime.- Magazine Details
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In this issue
Today, the telecom sector is in the throes of what is arguably its biggest crisis ever, with mounting debt, poor infrastructure, unreliable service, and one of the three major players—Vodafone Idea—teetering on the brink of collapse. How did this storied industry come to this moment? The answer lies in a few things. In our cover story this month, Aveek Datta and T. Surendar take a detailed look at how the cookie crumbled for India’s telecom sector and where it stands now. With the Supreme Court refusing to budge on its verdict, the government finds itself in a bind: While the government must recover the dues and comply with the court order, letting Vodafone Idea collapse will have serious repercussions on the economy as a whole and send terribly wrong signals globally. The situation has the potential to reduce the sector to a duopoly, given Jio’s financial might and Airtel’s stated ability to cough up the AGR dues. The story is full of twists and turns, with new developments taking place every day. Read on to find more and much finer details.
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The Most Prepared Woman in Washington
TRAILBLAZING TREASURY SECRETARY JANETYE YELLEN IS RENOWNED AMONG PEERS FOR HER ME TICULOUS RESE ARCH AND RELENTLESS FOCUS. AS THE B IDEN ADMINISTR ATION ’S ECONOMIC POINT PERSON, THE FORMER FEDER AL RESERVE CHAIR IS NOW CHARGED WITH STABIL IS ING AND STIMUL ATING AN ECONOMY R AVAGED BY THE PANDEMIC. AND THAT’S JUST THE BEGINNING OF HER AMBITIOUS AGENDA .
The Conversation AJAY BIJLI
Covid-19 impacted many businesses, with one of the hardest hit being movie halls. This included PVR, India’s largest multiplex chain. However, it was able to raise funds during the pandemic, says chairman Ajay Bijli. The 54-year-old says his company is now in its revival phase and he isn’t overly worried about movies directly releasing on OTT platforms. He also talks about what keeps him going.
THE BRIEF BUSINESS DISTILLED
Boom in the Time of a Pandemic A year after the onslaught of the global pandemic, FPI inflows, corporate performance, and news of the vaccines were key to the Indian equity markets’ immunity against Covid-19. BY RAJIV BHUVA
THE BIG E-SCOOTER
OLA ELECTRIC HAS UNVEILED A S FOR A ME A FACILITY THA WILL MAK ONE E-SCOOTER EVERY TWO SEC NDS. OLA HAS SET I S SIGH S ON CONQUERING THE WORLD, BUT BEFORE THAT, IT HAS TO CON END WITH LOCAL RIVALS AND INDIA’S ANAEMIC ELECTRIC VEHICES LES.
SERVICE BEGINS AT HOME
HOME AND SALON SERVICES PROVIDER URBAN COMPANY’S REVENUES DROPPED TO NEARLY ZERO DURING THE LOCKDOWN. BUT, NOW, BUSINESS IS BOOMING. IT HAS SINCE SERVED 5 MILLION CUSTOMERS, AND HAS ITS EYES SET ON AN IPO IN THE NEXT FEW YEARS.
IT'S BACK TO OFFICE
IN INDIA, THERE ARE MANY FACTORS AT PLAY WHICH MAKES THE OFFICE CRITICAL FOR EMPLOYEES AND COMPANIES. THAT SAID, THE COVID-19 PANDEMIC HAS IRREVERSIBLY CHANGED THE WAY COMPANIES AND PEOPLE VIEW THE OFFICE.
COLD-BLOODED
ELON MUSK IS NOT ABOUT TO LET A FEW ENDANGERED REPTILES THROW A WRENCH INTO TESLA’S PLANS FOR A GERMAN GIGAFACTORY— AND EUROPEAN DOMINATION.
Luxury Hotels To Call Home This Summer
A luxury hill resort can be the perfect summer getaway. Here we bring you a list of some hotels to make your vacation memorable.
Check Into The New Normal
One year after the pandemic hit the hospitality industry like a tsunami, the experience of going to a hotel has radically changed. From extensive usage of technology to ensure a zero-touch policy to completely overhauling old business strategies and making them anew, hotels have imbibed new learnings and are forging ahead.
To Tweet, Or To Koo? That Is The Question
Home-grown microblogging platform Koo—which provides non English speakers a platform to express themselves—is the flavour of the season. But will it prove to be a viable alternative to Big Tech and other domestic platforms?
