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

"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

SILVER LINING

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

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

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

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

THE INCOMING DISRUPTION

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

2 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

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

MAKING UP FOR LOST TIME

AFTER DECADES OF DEPENDING ON OTHER NATIONS FOR SEMICONDUCTORS, INDIA HAS ADOPTED A 360-DEGREE STRATEGY AIMED AT MAKING IT ONE OF THE TOP 5 MANUFACTURERS OF CHIPS BY 2029

4 mins

"We are not selling cars...We are selling dreams"

Lamborghini Chairman & CEO Stephan Winkelmann on the Indian luxury car market, selling dreams to customers, and the way ahead

6 mins

A Crunch in the Cockpit

The discontentment among pilots at Vistara over the new pay structure may result in a harsh summer for passengers

2 mins

Lifting the Veil of Anonymity

With electoral bond data being released, will corporates disclose details of their purchases to their shareholders?

2 mins

THE RETURN OF BSE

UNDER MD & CEO SUNDARARAMAN RAMAMURTHY, WHO COMPLETED A YEAR IN OFFICE RECENTLY, ASIA'S OLDEST STOCK EXCHANGE BSE IS SHIFTING GEARS AS IT LOOKS TO RECLAIM GROUND LOST TO YOUNGER RIVAL NSE. THOUGH THERE'S A LOT TO DO, HIS FIRST FEW MOVES ARE STARTING TO SHOW RESULTS

10+ mins

WRITING THE GROWTH CODE

Under new boss Mohit Joshi, Tech Mahindra is drawing up an interesting growth story. But there are numerous challenges

7 mins

Doubling Down

The joint venture between MG Motor India and JSW Group aims to create a 'Maruti moment' by establishing a new energy vehicle company

2 mins

Howz'ad

The 17th edition of IPL is seeing Disney and RIL battle each other one last time for ad revenue, but the General Elections may spoil this party

1 min

COLD DECISIONS

Unilever plans to separate its ice cream business to jump-start growth. The development will be keenly watched in India, where the FMCG giant faces stiff competition from market leader Amul

2 mins

RBI Cracks the Whip

The Reserve Bank of India has put NBFCs and fintech players under the lens after a series of compliance failures came to light

1 min

A New Lease

The India-EFTA free trade agreement heralds a new phase of trade policy, allowing India to shift its gaze to sustainability from tariff reduction

2 mins

Tightening the Screws

SME IPOS could see tighter regulations from Sebi in the not-so-distant future

4 mins

THE SMOKE CLEARS

BAT reducing its stake in ITC could remove uncertainties for the Indian giant

3 mins

Is The Tie Dead?

Maybe not. But it is no longer de facto office wear and is slowly being reduced to something to be worn only on special occasions

4 mins

"Bring in experts to understand customers"

Qualcomm-backed ideaForge Technology is a Mumbai-based drone manufacturer

1 min

SHAKING IT UP

AMERICAN PHARMA MAJOR ELI LILLY SEES INDIA AS ITS LAUNCHPAD FOR A NEW GROWTH TRAJECTORY, USING ITS NEW DRUGS FOR DIABETES AND OBESITY AS THE FUEL. WILL THIS STRATEGIC PIVOT WORK?

9 mins

PICKING THE WINNERS

The methodology used for the Business Today-KPMG Best Banks and NBFCs Survey 2022-23

8 mins

Read all stories from Business Today India

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