In this issue

Dear Reader,
IT IS THE BUDGET season when businesses, policymakers, and the
people of India at large, get fixated on the economy and its macroeconomic
indicators and this year there are unprecedented global
headwinds to grapple with as well.
Overall, though, FY2022 has been a relatively better year for India
Inc. than the previous. After the reverses induced by the pandemic,
Indian companies have clocked improved growth, ref lecting in
stronger numbers and an overall improved performance. These positive
indicators bode well for the India story at a time when India is the fastest
growing large economy. We at BW Businessworld, map this story in
our annual BW Real 500 rankings. For these much-awaited rankings,

Do keep writing to us with your feedback. Happy reading!

APPLE BOOSTS INDIA PRESENCE

APPLE, which is setting up its biggest iPhone manufacturing plant at Hosur, near Bangalore, considers further boosting its manufacturing base in India.

1 min

India Champions Tech Driven Growth at G20

ON 23 JANUARY, the Union government created a G20 task force on digital public infrastructure to highlight India's digital prowess in sectors like finance, e-commerce, health and taxation, which will then be tabled at various G20 tracks for adoption by other developing countries.

1 min

Layoffs, Layoffs Everywhere!

A JOB IN THE INFORMATION Technology (IT) sector is no longer perceived as a secure job' as was the case before the pandemic.

1 min

Budget for Growth

Beyond the 2023-24 Union Budget, India must seize the opportunity that it did not in the 1950s. In education, for example, the task is to build a hybrid model that combines primary schools with institutes of \"eminence\". The digital era gives India the opportunity to make up for two generations of lost economic opportunity

4 mins

ON UNCONSCIONABLE BARGAINS, ALL AROUND US

Does an employee have the liberty to say 'no' to standard employment letter wordings? Do they even stand a chance to negotiate with the almighty HR who stands at the door of their employment opportunity? Even if HR were to take it up internally, would their compliance team allow for any flexibility or leeway? If none of them bother, what is the role of the CEO or the Board?

4 mins

It Must Be an All-Pervasive Effort

We seem to forget that the making of each garment - even a handkerchief - leaves a carbon footprint that hurts the environment. Of course, items like denim jeans cause infinitely greater damage. It is the same story in the case of other personal possessions like shoes, handbags, watches etc.

4 mins

Asking Why

It's only by asking \"why\" that we begin to dig beneath the surface and the visible symptoms. Asking questions guides our learning, rewards us with a richer understanding of what's really happening. And this is foundational to getting the right answers

2 mins

Why Retirement Planning Is Crucial?

Retirement is an important and unavoidable stage of life.

3 mins

WORLD POLITICS & SOCIAL MEDIA

In the 2024 general elections, we will see a lot more activity on social media from all parties. Twitter trending, viral videos, WhatsApp marketing and twitter spaces, Facebook and Instagram Lives etc. will become even more prominent. With smartphone penetration in villages, it has become extremely important for all parties to use this access to put their point across

2 mins

TIME FOR INDIA TO PLAY THE 'COUNTRY AS A PLATFORM' STRATEGY

Country platforms can address upstream and downstream investment barriers, access capital at scale, issue green Multilateral Development Banks' (MDBs) bonds in developing markets, and create an opportunity for everyone to participate across borders.

2 mins

DISCRETIONARY URBAN DEVELOPMENT

One example of how such discretionary powers (of the state chief minister) can lead to uneven urban development in geographical locations of the same state is that of Gurugram and Faridabad

4 mins

'Let's Rebuild a Broken Global SAY Economy,' DAVOS LEADERS

THE FIRST WINTER MEETING at Davos since 2020, was marked by practical realism.

6 mins

CATEGORY CREATION: The Knowledge Differentiator for Successful CMOS

We live in a time of tremendous transformation. The 2020 disruption laid bare the shortcomings of existing business models and transformation efforts. And in the ensuing scramble to plug holes and fix what's broken in their operations, astute CMOs recognised that it's time to part ways with past assumptions, checklists, and playbooks and instead embrace the new challenges and opportunities to thrive in today's digital-first markets

4 mins

Generative AI - A TECHNOLOGY WITH ENDLESS POSSIBILITIES

GENERATIVE AI is artificial intelligence that focuses on creating new content as opposed to just analysing existing data.

4 mins

WHY AM I HERE?

In the years to come, as work becomes more hybrid (in office and/or online), and gig-work becomes more common, will we see history-reversing migrant flow-from the big cities to small towns, may be even villages? This may well become reality, as more people ponder: \"Why am I here?\"

4 mins

IBC- Aw.i.p is Better Than R.I.P

Despite much criticism of the IBC, one has to accept that it has proved far more effective than any other way of recovering lender monies. The correct way to validate its effectiveness would be to compare the resolution value to the liquidation value and not the total loans. With every new IBC case, there would be learnings in what regulatory revisions are needed, and legal upgrades

4 mins

IS HINDUJA GROUP THE RIGHT SUITOR FOR RELIANCE CAPITAL?

IIHL is now the highest bidder for Anil Ambani's Reliance Capital with a bid value of Rs 10,000 crore. There is also synergy between the businesses of both sides

3 mins

DELIVERING RESULTS AMID CHALLENGES

In addition to tackling the challenges posed by the second wave of the pandemic, leading listed companies also managed to generate revenue as well as greater returns for their shareholders

2 mins

RESILIENT PERFORMER

INDIA'S LEADING multinational automotive manufacturing company Tata Motors gave a good account of itself in a challenging environment to deliver a healthy set of financial numbers and retain its seventh position in this year's list of BW Real 500 companies.

2 mins

GROWING RESPONSIBLY

BOASTING AN ANNUAL crude steel production capacity of 34 MnTPA, Tata Steel is the 10th largest steel producer in the world and one of the most geographically diversified with operations including those of its subsidiaries, associates and joint ventures across five continents and an employee base of more than 65,000.

2 mins

SHINING BRIGHT

BOASTING A GLOBAL manufacturing and marketing network with distribution through exports, wholesale and directly to consumers by own retail brand, Bengaluru-headquartered Rajesh Exports is a regular presence in the BW Real 500 list.

2 mins

INNOVATING FOR FUTURE

IT SERVICES, CONSULTING and business solutions provider Tata Consultancy Services has been partnering with many of the world's largest businesses in their transformation journeys for more than 50 years.

2 mins

KEEPING UP THE TEMPO

A $26-BILLION metals powerhouse belonging to the Aditya Birla Group, Hindalco Industries is an industry leader in aluminium and copper.

1 min

SCMS GROUP: DEVELOPING GLOBALLY COMPETENT AND SOCIALLY RESPONSIBLE LEADERS

Today, the SCMS Group of Educational Institutions is one of the leading academic houses in the country with several world-class institutions in its fold, engaged in education, research and consultancy.

2 mins

CREDITABLE PERFORMER

MUMBAI-HEADQUARTERED Larsen & Toubro is one of the largest and most respected companies in India's private sector.

1 min

GROWING SUSTAINABLY

INDIA'S LEADING and one of the world's most efficient integrated steelmakers, JSW Steel has been progressing responsibly across markets with innovation, digitalisation and sustainability as its key anchors.

1 min

SHOWING ITS METTLE

VEDANTA, A SUBSIDIARY of Vedanta Resources, is one of the world's foremost natural resources conglomerates, with primary interests in zinc, lead, silver, iron ore, steel, copper, aluminium, nickel, power and oil and gas.

1 min

POWERING AHEAD

FORMERLY NATIONAL Thermal Power Corporation, NTPC is the largest power producer in India with an electric generating capacity of 70,884 MW (including 12,615 MW through JVs/subsidiaries).

1 min

LEGACY OF LEADERSHIP

WITH A LEGACY of over 200 years, State Bank of India (SBI) provides a wide range of products and services through its various branches and outlets.

1 min

CREATING VALUE

With a customer base of more than 7.1 crore and a branch network of over 6,342, HDFC Bank is among the largest private sector banks of India employing over 1,41,580 people.

1 min

BIG ON NUMBERS

LEADING PRIVATE lender ICICI Bank reported a 44.1 per cent jump in net profit for 2021-22 to Rs 23,339.49 crore versus Rs 16,192.68 crore in 2020-21.

1 min

HEALTHY GROWTH

CANARA BANK, in its 117th year of operations, recorded robust growth of 122 per cent YoY in net profit to Rs 5,678 crore in FY 2021-22.

1 min

CUSTOMER CENTRICITY

IN SPITE OF A challenging year, Punjab National Bank (PNB) reached the mark of Rs 19,31,322 crore in gross global business as on 31st March, 2022.

1 min

"OUR UNIQUE GLOBAL BANKING NETWORK SIMPLIFIES CROSS-BORDER PAYMENTS"

In an interaction with BW Businessworld, Rashmi Satpute, Country Manager, Wise India speaks about the remittance market, what makes Wise different, future plans, and much more

2 mins

"GOOD DESIGN RESPONDS TO COMPLEX SYSTEMS ELEGANTLY"

Ayush Chauhan, Managing Partner &Co-Founder, Quicksand Design Studio & UnBox Cultural Futures Society, talks of how design could contribute to a circular economy, in an exclusive conversation with BW Businessworld By Jyotsna Sharma

2 mins

Budget can Lay the Groundwork for India to Assume Leadership in Research and Innovation

THE INDIAN economy has been resilient amidst a challenging global macroeconomic scenario of inflation, recession and supply chain disruptions, with GDP projected to grow 6.5-7 per cent in FY24.

3 mins

READING FOR THINKING BIG

The fourth edition of the Indian Business Literature Festival (IBLF) completed the second chapter in Gurugram on January 11, 2023.

1 min

Crafting Better Customer Journeys Through Digital Banking

Delivering digital banking services to its customers' fingertips comes with its own challenges and the banks have had to address them to keep up with the times and competition from the fintechs

4 mins

HONOURING TRANSFORMATIVE PRACTICES IN TEACHING-LEARNING PROCESS

The day-long summit and awards by BW Education brought together top industry veterans and experts to discuss the pressing issues in building these brands and facilitating good practices in the education sector

3 mins

ON A HIGH

After the promising first six months, investors and art aficionados are hoping that the rest of FY2023 too would prove golden

4 mins

"WHAT CRICKET HAS TAUGHT US IS THAT WE HAVE TO PERSEVERE"

Former Indian cricketer-turned-coach-turned-commentator Sanjay Bangar has launched Cricuru, an online cricket coaching platform to tap into the huge demand for quality coaching. BW Businessworld's Rohit Chintapali caught up with Bangar to know about his entrepreneurial vision, the business of cricket and more. Edited excerpts of the chat:

4 mins

What the Stars Foretell for You

WHAT DOES THE YEAR 2023 HAVE IN STORE FOR YOU? CARRYING FORWARD THE LATE BEJAN DARUWALA'S LEGACY, THE AUTHOR GUIDES YOU SO YOU MAY MAKE THE MOST OF WHAT LIFE HAS TO OFFER

2 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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