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Tag: Business Today

  • Adani Business Today India@100 Summit: Decoding Megatrends for Mission 2047

    Adani Business Today India@100 Summit: Decoding Megatrends for Mission 2047

    Mumbai: Business Today’s event, the Adani Business Today India@100 Summit, returns on 20 August 2024, at the Leader’s Lounge in Bharat Mandapam, New Delhi, marking the first Business Media summit to be held at this venue. The third edition of the summit, themed “A Future-Ready India: Decoding the Megatrends for Mission 2047,” promises an engaging exchange of ideas among top business leaders, policymakers, politicians, and academics. This premier event will offer invaluable insights into India’s strategic future, and feature pivotal discussions on the nation’s path forward.

    The summit will focus on critical issues including the middle-income trap, advancements in green energy, and sustainable infrastructure development. With a new government implementing ambitious reforms and India establishing itself as a global influencer, the summit will examine the country’s progress in artificial intelligence, employment, consumption, and agricultural modernization. The event will highlight India’s leadership and growing role in the global economy.

    The upcoming summit will host a distinguished line-up of speakers, including leading figures such as Ruchir Sharma, chairman of Rockefeller International, the asset management division of the Rockefeller Foundation; Krishnamurthy Subramanian, Executive Director of the International Monetary Fund (IMF); Dr Arvind Panagariya, Chairman of the 16 Finance Commission; and N.K. Singh, former Chairman of the 15th Finance Commission.

    The summit will present panels with influential policymakers, including Shivraj Singh Chouhan, union minister of agriculture; and Jayant Chaudhary, minister of state for skill development and entrepreneurship. Industry leaders such as Sanjiv Puri, chairman and managing director of ITC Ltd.; Suresh Narayanan, chairman and managing director of Nestlé India; Manish Sabharwal, vice chairman of TeamLease Services; and Bhavish Aggarwal, Founder of Ola. Other notable business figures such as Gurdeep Singh, chairman and managing director of NTPC Ltd.; Sumant Sinha, chairman and CEO of ReNew; Nivruti Rai, managing director and CEO of Invest India; Saurabh Kumar Sahu, managing director and lead of India Business at Accenture; and professor Vikram Gandhi of Harvard Business School will also provide valuable insights. Laveesh Bhandari, president & senior fellow, CSEP; Dhiraj Nayyar, chief economist at Vedanta; and members of parliament Karti Chidambaram, Shashank Mani Tripathi and Dr Chandra Sekhar Pemmasani,  will also participate in the discussions.

    The summit will focus on economic growth, technological innovation, sustainable development, and geopolitical strategy, providing actionable insights for stakeholders and promoting a cohesive vision for India’s global role.

  • Modinomics 3.0: All set for Budget 2024-25 with Business Today

    Modinomics 3.0: All set for Budget 2024-25 with Business Today

    Mumbai: The stage is set for the first Budget of prime minister Narendra Modi’s third term. Union finance minister Nirmala Sitharaman will deliver her seventh Union Budget on Tuesday, 23 July. As anticipation builds up for this crucial event, Business Today has geared up to provide an in-depth analysis of the Budget fine print.

    Business Today’s ‘Modinomics 3.0’ coverage focuses on the expectations in a time of changed political alignments, around issues like the need for tax breaks, prudence versus populism, and the need to boost jobs and ensure growth. Supporting India’s Aatmanirbhar stock market and helping people earn, invest and prosper is also part of the detailed coverage.

    From changes in direct taxes to pushing infrastructure and manufacturing, from a new deal for agriculture to social welfare—this Budget has many expectations rising.

    Business Today will be there to track the nuances of the Budget. BT also welcomes its Presenting Partner ICICI Direct for its high-impact Budget Special Modinomics 3.0.

    I-Sec operates www.icicidirect.com, a virtual financial supermarket, meeting the three needs sets of its clients—investments, protection, and borrowing. Through its four lines of businesses—broking, distribution of financial products, wealth management, and investment banking—I-Sec serves customers ranging from retail and institutional investors to corporates, high net-worth individuals and the government.

    Business Today’s 360° offerings span print, digital, livestream, VoD, social media, OOH, and brand partnerships to ensure its exclusive content reaches a wider audience and offers insights for decision-makers.

    It’s the most comprehensive Budget coverage from the biggest names in business journalism, ensuring a thorough understanding of the fiscal landscape and its implications.

    Tune in to all the action across the Business Today multiverse and get in-depth information as the budget starts and ends with BT.

  • Business Today MindRush & BT Best CEOs Awards: Building resilient & sustainable businesses in a changing world

    Business Today MindRush & BT Best CEOs Awards: Building resilient & sustainable businesses in a changing world

    Mumbai: Business Today MindRush, the flagship annual business event of the India Today Group, is set to be held in Mumbai on Saturday, 9 March, 2024. Renowned as one of India’s most esteemed thought-exchange platforms, MindRush brings together top business executives, entrepreneurs, thinkers, and experts to share insights, strategies, and successful leadership traits in an era of dynamic change.

    In keeping with tradition, Business Today MindRush will also feature the winners of the BT-PwC India’s Best CEO Awards, which honours the exceptional leadership of some of India’s top business executives. The awardees are selected by a distinguished group of business professionals to recognise India Inc.’s innovative leadership. A special edition of Business Today that includes in-depth stories about the winners, highlighting their creative approaches and significant contributions to the business world, will be released on the occasion.

    The Business Today MindRush platform will play host to some of the most influential voices in business, offering invaluable insights into entrepreneurship, innovation, and excellence that define India’s economic landscape. A stellar line-up of speakers, including luminaries such as Amitabh Kant, India’s G20 Sherpa; Sunil Bharti Mittal, Chairman of Bharti Enterprises; Sanjiv Puri, CMD of ITC Ltd; Preetha Reddy, Executive Vice Chairperson of Apollo Hospitals Enterprise; and Jinal Mehta, MD of Torrent Power promises to keep attendees immersed in thought-provoking discussions on changing paradigms in business and economy.  Hardeep Singh Puri, Union Minister of Housing & Urban Affairs and Petroleum & Natural Gas, will also be in attendance and highlight the government’s vision for economic growth and urban development. 

  • Netflix’s India ambitions surpass Rs 3000 crore investment

    Netflix’s India ambitions surpass Rs 3000 crore investment

    Mumbai: Global streaming platform Netflix will pump more money into producing content in India, said chief executive officer Reed Hastings. The key executive of the streaming giant was speaking to Business Today’s global business editor Udayan Mukherjee in an interview.

    The company has already pumped in Rs 3,000 crore in the past two years to develop original programming, particularly focused on local content, and more investments are in the offing. “India as a market is witnessing explosive growth in video content viewership over the past couple of years – partially propelled by people having to stay home because of the Covid-19 pandemic,” Hastings said.

    The competition in India’s OTT arena is heating up with HBO Max service expected to hit the subcontinent early next year. Hastings sees the competition differently, saying that services such as YouTube and TikTok are the platform’s biggest competitors. But instead of focusing on the competition, he chooses to focus on the next big show that everyone could be talking about.

    “Netflix has emerged as one of the prime contenders for the consumer’s wallet. Over the past five years, the brand has established instant recall in the minds of the Indian consumer,” he said. “What’s great about the Indian market is that Hotstar started so early and pioneered streaming in India. It has really increased the market size, and then Reliance Jio transformed it with regard to access and cost, democratised it. So, they created the base for the market which is today one of our top global priorities.”

    According to a report by Media Partners Asia, the Indian OTT industry is expected to spend $ one billion on content out of which 45 per cent will be local and original content. Reports estimate that the OTT platform has more than five million Indian subscribers. 

    Hastings admitted that Netflix’s journey in India has been harder than was initially anticipated, but he revealed the company’s determination to overcome those challenges through its continued commitment to the Indian market and simply by investing more. He also highlighted that Netflix, which has strong premium imagery in the consumer’s mind, is also focused on providing greater affordability to Indian subscribers.

    The interview will be aired on 17 September at 10:30 p.m on Business Today Show with Udayan Mukherjee.

  • Business Today strengthens leadership team with Alok Nair as CRO

    Business Today strengthens leadership team with Alok Nair as CRO

    Mumbai: The India Today Group (ITG) has strengthened the leadership team at Business Today as the Group mulls over its expansion into business and economic news.

    In a significant move, the ITG on Monday announced the appointment of a business growth specialist and well-known business genre expert, Alok Nair as chief revenue officer (CRO). The Group has also roped in financial journalist Alokesh Bhattacharyya as managing editor and content strategist Aayush Ailawadi as tech editor of the business magazine.

    Nair holds a sterling record in providing management consulting and strategic breakthroughs across media and catalysing transformation across key sectors. In the past, he has worked with media brands such as The Times of India, Network 18, and Bloomberg in various leadership capacities across print, TV and digital platforms. Most of the IPs created by Nair are still the benchmark in the business news space. 

    He also headed a management consulting practice that developed growth strategies and sustainable turnarounds for media and non-media organisations. His notable work includes the comprehensive solutions he provided to leading bourses, BFSI firms, and large corporates.

    Speaking about his new role, Nair said, “With a surge in younger population entering the investing, wealth-creation and spending space, there is a need for a robust platform that informs, engages and enables the youth of India on all aspects of money across asset classes. Brands are today wanting a conducive, credible and engaging environment to effectively communicate with younger audiences.”
     
    “As a network, the ITG is at a unique vantage point to create marquee opportunities for brands across its leading TV and digital assets – Aaj Tak, India Today, Good News Today, and Business Today,” he added.

    Bhattacharyya returns for a third stint with the ITG over a period of two decades. In the interim, he has held crucial editorial roles at Business World and at The Economic Times (ET). In his most recent assignment at ET, Bhattacharyya was the founder-editor of the ET Family Business Forum and Awards, ET Innovation Awards, and Amrop-ET Best Boards Awards.

    “I am delighted to return to Business Today at this exciting time when media is evolving into the next level of integration between multiple mediums including print, digital, television, and radio. The kind of opportunity this provides for both journalists and readers, in terms of content curation, is mindboggling. I look forward to being part of the effort to transform Business Today into a multimedia powerhouse,” said Bhattacharyya on his appointment.

    A renowned television presenter, content strategist and multimedia producer, Ailawadi was an editor for technology and special features at Network 18 in his last role. Previously, he was an anchor and special correspondent at BloombergQuint (BQ) and was part of the channel’s launch team. At BQ, he managed the evening team of producers and reporters and hosted primetime and technology shows. Ailawadi has also worked with brands like Amazon, Walmart, Mercedes, LG, Oppo, and Huawei as a content strategist on numerous campaigns.

    “I am stoked to be a part of the India Today family. Business Today, TV Today, and India Today have always been at the forefront of innovation and it is incredibly exciting to be joining an organisation that is all set to take the world by storm with its unique digital-first approach. The pandemic has only accelerated seismic shifts in the world of technology and I hope to be able to decode these changes, especially for our millennial and Gen Z audiences,” said Ailawadi.

  • Business Today onboards Anirban Roy as online editor

    Business Today onboards Anirban Roy as online editor

    Mumbai: India Today Group-owned Business Today magazine is all set for a digital revamp. The Group also announced the appointment of Anirban Roy, formerly with The Wall Street Journal and Reuters, as Business Today’s online editor.

    Roy commands more than 20 years of experience in multi-media, multi-platform, and multi-language newsrooms across international and Indian media houses. Roy was the founding digital editor and news editor for The Wall Street Journal India, where he and his colleagues won the SOPA Award for Excellence in Multimedia News Presentation. Prior to that, he was India digital editor at Reuters. He has also been the Group editor for social platforms at Network18.

    “Business Today has always led the discourse on business journalism in India and now with its move towards a digital-first, multimedia-led coverage, it is poised to lead the way for storytelling in the digital age. I look forward to showcasing stories about India’s new economy and how it is being shaped by the ongoing tech revolution,” Roy said on his new role at the ITG.

    In another key announcement, the Group named leading financial journalist and anchor Aabha Bakaya as the co-host of its upcoming Business Today TV show.

    A career business journalist, Bakaya has more than 15 years of rich experience in financial news television at leading channels in the country. She was a consultant anchor at ET NOW, hosting its flagship “The Market” and “Closing Trades” shows. Bakaya was a founding team member at NDTV Profit and ET NOW. In a previous role, she anchored stock market opening and closing shows at Bloomberg TV. 

    “I look forward to being a part of the India Today family. I am thrilled to join the team at Business Today and bring my knowledge along with the expertise to cover the markets and decode important business news daily for the audience,” Bakaya said on her new role at the ITG.

    Ever since its inception in 1992, it has set new benchmarks in business reporting. Today, Business Today commands the highest readership among all business magazines in India.

    Last month, the India Today Group announced the appointment of Udayan Mukherjee, the country’s biggest and undisputed icon in business journalism, as its Global Business Editor and host of a daily business show premiering on India Today air from August 1.

    Earlier in July, the network named one of India’s most prominent magazine editors, Sourav Majumdar, as the new Editor of the Business Today Magazine, and Siddharth Zarabi, an award-winning journalist and former editor of Bloomberg TV, as the Managing Editor of Business Today TV.

  • Business Today appoints Sourav Majumdar as editor, Siddharth Zarabi to lead Business Today TV

    Business Today appoints Sourav Majumdar as editor, Siddharth Zarabi to lead Business Today TV

    New Delhi: After naming Udayan Mukherjee as its global business editor, the India Today Group on Wednesday announced two more big-ticket appointments as part of its larger plan to bolster its coverage of business news in the post-pandemic economic order.  
     
    The network has named prominent magazine editor, Sourav Majumdar, as the new editor of the Business Today Magazine, and Siddharth Zarabi, former editor of Bloomberg TV, as the managing editor of Business Today TV. 
     
    In a career spanning three decades, Majumdar has worked with several leading media outlets with leadership experience across platforms. He was initially associated with brands like The Financial Express and Business Standard in various capacities. In his most recent role, he was editor of the Indian editions of Fortune and Forbes. Prior to that, Majumdar was editor-in-chief of Entrepreneur.
     
    “It’s genuinely exciting to join an organisation that I believe is the Gold Standard of Journalism –the India Today Group,” he said of his new role at the ITG. “I look forward to being part of Business Today, as it makes a deep and dramatic transformation into a digital-first, multimedia offering with the magazine as a center-piece. India, and indeed the world, is witnessing dramatic change and we hope to bring compelling stories of this change to the readers of today.”
     
    Zarabi is a prominent prime-time business anchor, who has led newsrooms in marquee print and television media outlets, including Bloomberg TV India as its editor till recently.
     
    Noted for his stellar track record in covering Indian financial markets, macro-economy, regulatory and administrative architecture, he possesses first-hand experience of economic policy formulation in India since 1997, said the network in a statement.
     
    “I am delighted to be part of the India Today family. I look forward to being part of the Group’s latest foray as it expands and enlarges its business content offerings across television, print, and digital platforms to offer meaningful content as India navigates the post-pandemic economic era,” Zarabi said.
     
    Speaking on the appointments, the India Today Group vice-chairperson Kallie Purie said, “Every once in a while, the business arena goes through an irreversible change. In the midst of this disruptive flutter, the real journalists and real ideas reshape the world. We are happy to be on the leading edge of this transformational journey with the most credible journalists, an enviable legacy and a truly Omni platform multimedia BUSINESS TODAY Experience”

  • Rahul Kanwal elevated to executive director, Business Today

    Rahul Kanwal elevated to executive director, Business Today

    NEW DELHI:  India Today Group has elevated Rahul Kanwal to the role of executive director of its business magazine, Business Today.

    The new business responsibility is in addition to his current role as news director of news channels Aaj Tak and India Today. Apart from leading news gathering operations for the India Today network, Kanwal hosts India Today’s flagship prime-time broadcast, Newstrack. He carries an experience of 20 years in broadcast media.

    The magazine recently went a content refresh to align with the increasing demand of digital news and focus on ‘digital first’ approach.

  • Jaguar Land Rover to lay off a third of India workforce

    Jaguar Land Rover to lay off a third of India workforce

    NEW DELHI: Tata Group-owned Jaguar Land Rover (JLR) is undertaking its biggest ever retrenchment drive in its India operations, slashing its workforce by nearly a third, according to a report by Business Today.

    The layoffs, which have already started and are expected to continue through this month, are part of its global strategy to shed about 2,000 non-manufacturing jobs by next fiscal, reported two weeks ago. JLR had also reduced its global headcount by 1,000 in 2018 and another 4,500 in 2019. These are part of its ongoing restructuring drive Project Charge+ through which it aims to save about £2.5 billion.

    The news of restructuring was a "shocker" to the automaker's India workforce, who believed that they would be spared due to the small market JLR has in the country, Business Today quoted a source as saying. Moreover, there was a false sense of complacency that because JLR's parent firm Tata Motors is an Indian entity, it would not touch its Indian employees.

    JLR issued a statement clarifying that the layoffs were being undertaken to increase efficiency in a bid to find the right cost structure for its workforce. It did mention the number of employees being retrenched, details of the severance package being offered to them, or whether the salaries of the top management have been slashed.

    JLR is considered a straggler in the Indian luxury car market, which itself has not grown by much in the last five years. The British brands saw their sales decline by 74 per cent in 2020 and a loss of market share of 10.62 percentage points. In comparison, the biggest in the business – Mercedes Benz – saw a 43 per cent decline, BMW by 32 per cent and Audi by 63 per cent.

    Last month, JLR's global CEO Thierry Bollore, who took over the reins of the company only last September, said the Jaguar brand would move away from its iconic high-performance internal combustion engines entirely and produce only electric vehicles by 2025, while Land Rover will have its first fully electric SUV by 2024.

  • TV Today Network to replace Business Today with Aaj Tak HD

    TV Today Network to replace Business Today with Aaj Tak HD

    MUMBAI: The Ministry of Information and Broadcasting (MIB) has granted permission to the TV Today Network to change the name and logo of news and current affairs TV channel Business Today to Aaj Tak HD in a letter dated 27 August 2018. TV Today Network had written to MIB requesting for these approvals on 12 October 2017.

    “The Stock Exchange would be duly intimated before the launch of the channel ‘Aaj Tak HD’”, the company informed the Bombay Stock Exchange (BSE) today.

    Apart from the logo and name change, the channel will also witness a change in transmission mode from SD to HD and a language switch from English to Hindi.

    In the same letter, MIB also approved the appointment of India Today Group CEO Vivek Khanna, who took over the position in November last year.

    Aaj Tak is the leading channel in all the three Hindi speaking markets according to the BARC data. The channel announced a hike in its ad rates earlier this week.

    Aaj Tak recalibrated its rates after indexing inventory and latest leadership performance across parameters.

    Commenting on the latest development, TV Today CRO Rahul Shaw said, “Given its unchallenged viewership and unparalleled following, Aaj Tak is now strategically looking at lowering inventory and compensating it with a premium pricing. With leadership across hsm, all india, urban, rural, coverage and prime time and almost a quarter of  news viewership with only one news channel on big news time bands, it is important that the leader helps the genre improve yields “.

    India Today Group CEO Vivek Khanna added, “The most influential news brand of the country has been a role model for many to follow. Truth, integrity and unconventional methods of news reporting really leave no competition in sight.”

    In BARC’s week 33 data, the channel garnered 214534 impressions (000s) sum in the urban plus rural market. In the rural market, the channel’s recorded viewership was 102312 impressions (000s) sum. The urban market helped the channel register 112222 impressions (000s) sum.