Business Today India - September 29, 2024

In this issue

Highlights of Business Today 29th September 2024 issue:

When Hina Nagarajan took the reins of Diageo India (United Spirits Ltd) in 2021, she faced a formidable challenge. Diageo plc, the $27-billion UK-based alcoholic beverage giant, had acquired United Spirits from embattled liquor tycoon Vijay Mallya in 2014, but the company remained on shaky ground. Legal disputes, rising debt, and fierce competition from rivals like Pernod Ricard compounded the difficulties. As Diageo India's Managing Director & CEO, Nagarajan, 59, the first and only woman to lead a liquor company in India, set out to transform the business.
Her strategy hinged on two key pillars: a decisive shift towards premiumisation and a departure from the mass-market ‘popular’ segment. Innovation also plays a central role in her approach, as she works to steer Diageo India back to stability and growth.
In this cover story, we delve into the transformation of Diageo India under Nagarajan's leadership, examining the bold steps she's taking to revitalise the brand. All this and more in the latest issue of Business Today—on stands now.

Pension Scheme - Safety Net

The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math

4 mins

EMPLOYMENT: Skills Push

The skill development ministry plans to partner with the UGC to improve the employability of undergraduates

1 min

CORPORATE - Calling to Account

The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm

1 min

REIMAGINING DIAGEO INDIA

AFTER ACQUIRING UNITED SPIRITS IN 2014 AND CLEANING UP ITS BALANCE SHEET, UK-BASED ALCOBEV GIANT DIAGEO IS BUSY CONSOLIDATING ITS POSITION IN INDIA THROUGH A FOCUS ON PREMIUMISATION, STRATEGIC BUYOUTS, AND INNOVATION

10+ mins

PSUs PROPEL TO PROFITS

PUBLIC SECTOR UNDERTAKINGS (PSUS), ONCE CONSIDERED WHITE ELEPHANTS, HAVE MANAGED TO STAGE A SMART TURNAROUND IN RECENT YEARS WITH INITIATIVES AND REFORM MEASURES TAKEN BY THE GOVERNMENT BEARING FRUIT

10 mins

"We will cross ₹10,000 crore in FMCG revenues by 2027"

Angshu Mallick, MD & CEO of Adani Wilmar Ltd, on the company's plans, the FMCG business, and more

7 mins

CLIMATE CHANGE ON MY PLATE

Frequent heatwaves, high night-time temperatures, unseasonal rains, and floods are impacting cropping cycles and food prices adversely. Food inflation, once a seasonal issue, is now a persistent problem hitting consumer demand. Is there a solution in sight?

10 mins

RIDERS OF THE STORM

As extreme weather events rise, the demand for parametric insurance is growing among companies looking to hedge against climate-related risk in their portfolios. How successful will this be?

6 mins

THE EVOLUTION OF ATHERA

IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS

7 mins

TURNING THE TABLES

INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND

7 mins

The Reit Choice?

Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility

7 mins

HIT THE GROUND RUNNING

Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider

2 mins

Building on a Vision

L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE

2 mins

ROXX STAR

THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT

2 mins

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