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Category: Business Today

  • ‘Business Today’ crowns HDFC as India’s Best Bank

    ‘Business Today’ crowns HDFC as India’s Best Bank

    MUMBAI: The Business Today Best Bank Awards that are instituted in association with Antiquity, were presented in Mumbai last week. India’s Most Efficient Bank or the Best Bank was awarded to HDFC Bank. To win this award, the bank must not only be an aggressive seeker of growth, but also keep its costs low and profits high.
     
     

    The other winners in different categories were:

    India’s Biggest Bank: State Bank of India (SBI). The main parameters being the size of deposits and average working funds.

    India’s Most Productive Bank: Citibank N.A. The bank that generates the most income and business per employee and branch.

    India’s Safest Bank: HSBC. The two broad parameters being capital adequacy ratio and loan loss cover.
     
     

    The chief guest for the evening was Honorable Minister for Commerce and Industry Kamal Nath, who gave away the awards.

    The winners have been put through a rigorous KPMG methodology to make the final cut. The evening also saw the release of Business Today’s special issue on India’s Best Banks, by Nath and The India Today Group editor-in-chief Aroon Purie.
     
     

    Business Today editor Sanjoy Narayan said, “The awards are based on the rigorous survey of Best banks that we do every year. We hope the survey, which covered 86 banks this year and ranked them in order of efficiency, will spur more competition among banks.”

  • ‘Business Today’ awards the young super performers

    MUMBAI: Business Today in association with HP India presented Prasoon Joshi, R Subramanian and Sulajja Firodia Motwani with the ‘Business Today Young Super Performers Awards 2004’ on 11 March at Mumbai’s Taj Mahal Hotel.
     
    Information and Broadcasting minister Ravi Shankar Prasad was the Guest of Honour and Reliance Industries vice chairman and managing director Anil Ambani was the chief guest who jointly gave away the awards to the winners. Others present at the event were HP India president Balu Doraisamy and Business Today editor Sanjoy Narayan among others.

    The ‘Business Today Young Super Performer Awards’ were presented in three categories – the Ideator which went to McCann Erickson national creative director Prasoon Joshi for ‘Owning the Year’s Biggest Idea’; the Entrepreneur which went to Subhiksha Trading Services MD R Subramanian for ‘Creating a Business from Scratch and altering the rules of the game’; and the CEO which was bagged by Kinetic Engineering Jt Managing Director Sulaija Firodia Motwani for ‘Steering her organisation to Greater Glory’.

    Asked why HP associated with the awards, Doraisamy said, “We see a perfect fit between our corporate values and culture, and what these awards stand for. HP’s promotes lateral thinking, creativity and motivation to achieve the impossible. HP has a long-standing tradition of innovation, reliability and achievement, which binds its employees together. These awards recognize individuals who have achieved success across all these parameters.”

    “These three winners are role models for an entire generation of young Indians that believes it is possible to succeed on the strength of their own vision and commitment,” said Narayan.

    The ‘Business Today Young Super Performers Awards’ recognize and felicitate people from the corporate world who have achieved strong results in their respective fields. And above corporate achievements, another criterion that went into the final selection was that all nominees had achieved their success at a fairly young age, below 40 years.

    In the selection process, 72 names were short listed in the three categories initially and was further whittled down to 15 (five in each category) by the magazine’s senior editorial team. To select one final winner in each category, Business Today put together a panel of experts comprising Union Revenue secretary Vinita Rai, Asian Paints chairman Ashwin Dani, Citigroup Venture Capital International MD Ajoy Relan, Ma Foi Management Consultants chairman and MD K Pandia Rajan, N M Rothschild & Sons (India) MD Munesh Khanna and Business Today Editor Sanjoy Narayan.

  • Business Today, Electrolux’s women themed seminar tomorrow

    NEW DELHI: Electrolux Kelvinator has adopted a unique platform to recognise women’s unmatched contribution to the world’s social, political and economic development. The company is organising a daylong knowledge series on Women who made a difference, in partnership with Business magazine, Business Today.

    Elizabeth Coffey who wrote the novel 10 Things That Keep CEOs Awake At Night will attend and conduct the knowledge series. The event takes place on 6 November. .

    The knowledge series will include two sessions. The first part will be a workshop conducted by Elizabeth Coffey, followed by a thought-provoking session along with super-women achievers of India. The workshop will include an interactive session on leadership styles energising organizations; bi-focal vision – short and long term; hands on/off, work-life balance. The event will also witness the release of a Business Today’s special issue titled: India’s Most Powerful Business Women.

    Electrolux MD, CEO Rajeev Karwal added, “As an organisation, Electrolux Kelvinator has always paid special attention to women who have been associated with us – as customers, as colleagues and as opinion leaders. Since, we firmly believe that success and leadership are not gender bias, we are proud to be associated with this prestigious event and hope to absorb some of the leadership secrets shared by these extraordinary women in our organisation.”

    Business Today’s executive director Ashish Bagga said, “As India’s number one business magazine we tell it as it is. The fact is that women are increasingly playing an important role in business, even at the highest level. Women are also an important audience for us as evident in some of our editorial offerings such as the survey we have done with NFO India on the Safest Cities for Working Women, which appears in this special issue. Our Managing Tomorrow series is a value-add we offer to our readers and I am happy that we have been able to dedicate an event to women executives.”