In this issue

Highlights of Business Today 12th May 2024, issue:

Amid the buzz around the Supreme Court-ordered disclosures on electoral bond donors and recipients, one name that cropped up prominently was of the closely-held Hyderabad-based Megha Engineering & Infrastructures Ltd (MIEL), which bought a hefty Rs 966 crore worth of bonds, becoming the second-largest bond donor to political parties. Until these details became public, little was known around the country about Megha and its boss, P.V. Krishna Reddy. BT pursued Reddy relentlessly and managed to meet him in his Hyderabad headquarters for what turned out to be a one-and-a-half-hour conversation, his first major interview ever. During this interaction for our cover story, Reddy—while declining to answer questions on his electoral bond contributions—explained in detail the Megha growth story and the key projects the company is involved in. As BT unveils the mystery of Megha and its rise, what comes through is the story of an ambitious regional EPC company, India’s second-largest by revenue, which now has a national footprint and is competing with the likes of L&T. In our latest issue, read about MIEL’s continuing rise to prominence. Plus, read a cracking story on the dark underbelly of the booming Rs 6 lakh crore gold loans market. All this and more on the latest issue of Business Today. On stands now

"Hire for attitude, not ability"

Thryve Digital is a player in the healthcare technology sector delivering next-generation solutions

1 min

Road Warrior

For Khalid Wani, Senior Director of Sales at Western Digital India, life is much more than just the corner office. Biking across the world is one way he derives meaning for his life

3 mins

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 IN TERMS OF PENETRATION LEVELS ACROSS THE COUNTRY

7 mins

CRISIS IN THE CLOUDS

INDIAN AVIATION IS IN CRISIS. AIRLINES ARE GRAPPLING WITH FLIGHT CANCELLATIONS, CREW SHORTAGES, AND COMPLAINTS ABOUT POOR SERVICE, ARE BLEEDING DUE TO RISING COSTS WILL THE FASTEST-GROWING AVIATION MARKET RECOVER?

9 mins

"India should start privatising public sector banks"

Arvind Panagariya, Chairman of the 16th Finance Commission, on growth, inequality, jobs, the banking sector, and more

8 mins

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?

10+ mins

"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

4 mins

"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

3 mins

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?

2 mins

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

1 min

SILVER LINING

Silver prices are touching new highs, despite fluctuations. But what is driving the rally in the white metal?

1 min

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?

1 min

PALL OF GLOOM

The intensifying crisis in the Middle East could hurt market sentiment. All eyes are on a favourable monsoon and postelection policies

2 mins

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

2 mins

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

4 mins

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

10 mins

Picking Up The Paytm Pieces

Paytm Founder Vijay Shekhar Sharma Is Back In The Trenches After Rbi's Recent Action Left Him Without A Banking Platform. There Are Still Some Opportunities, But He Will Have To Move Swiftly To Grab Them

10+ mins

PMS Vs MF The Big Fight

How do mutual funds and portfolio management services match up? Know the score on structure, rules, entry fees, charges, and tax perks to pick the right path for your financial journey

5 mins

Four Levers Of Enterprise AI Strategy

Wide-scale private sector AI deployment and new AI-based business opportunities and ecosystems can truly supercharge the Indian economy

4 mins

"Don't let a unique chance slip by"

JEFF MAGGIONCALDA | CHIEF EXECUTIVE OFFICER | COURSERA

1 min

THE INCOMING DISRUPTION

The disruption in the industrial sector is still unknown, but inevitable. Companies need to wake up

2 mins

THE WHEEL WHISPERER

For Manan Shah, Managing Director of MICL Group, luxury cars are not about showcasing one's wealth or status. It is about personal well-being

2 mins

TRIPPING WITH TECH

A road trip is an adventure like no other. While you take in the experience, get some peace of mind with these nifty gadgets

2 mins

Transforming Spaces

WHETHER YOU WANT TO REDECORATE YOUR BEDROOM OR HALLWAY, A GORGEOUS WALLPAPER ADDS FLAIR TO YOUR HOME AND ALLOWS YOU TO STAMP YOUR STYLE IN YOUR NEW ABODE

3 mins

ALPHATALE

MONEY MANAGERS TO THE AFFLUENT DELIVERED ROBUST RETURNS TO INVESTORS IN THE PAST YEAR, THANKS TO THE BUOYANCY IN THE MARKETS. BUSINESS TODAY DECODES THEIR STRATEGY

8 mins

"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"

Vikaas M. Sachdeva, MD of Sundaram Alternates, talks about where India's alternative investment industry is headed

3 mins

"ALWAYS BE DATA-DRIVEN WHILE INVESTING"

First Global's Founder and CMD Devina Mehra on her company's PMS outperformance, technology and industry

3 mins

MAKING THE RIGHT CHOICE

PMS SCHEMES ARE IDEAL FOR THOSE WHO INVEST IN LARGE TICKET SIZES, UNDERSTAND EQUITIES, AND DON'T PANIC AT THE FIRST SIGHT OF MARKET VOLATILITY. HERE ARE SOME TIPS ON HOW TO PICK THE SCHEME THAT SUITS YOUR GOALS BEST

5 mins

Exponential Growth Beckons

The PMS industry is gearing up for aggressive growth over the coming decade as Indian families seek to proactively invest their savings

3 mins

BESPOKE BENEFITS

AS INDIA SEES A RISE IN THE NUMBER OF BILLIONAIRES, THE DEMAND FOR BESPOKE WEALTH MANAGEMENT SOLUTIONS FOR HIGH NET-WORTH INDIVIDUALS-IN THE FORM OF PORTFOLIO MANAGEMENT SERVICES-HAS ALSO GONE UP

5 mins

Read all stories from Business Today India

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