Page 50 - Rise Of The Machines - Soon, there will be nothing fictional about the science fiction movies we pay to watch. The Internet of Things will blow life into machines, and they will do all the talking required to make life on earth a breeze. But with good, along comes the bad. So get geared up!

Page 60- Life In The IoT World- The way we live today is set to change in the future. Find out how

Page 76 - Picture Perfect - Adobe’s MD for South Asia Umang Bedi talks about creative cloud and mobility

ON 10 SEPTEMBER dwindling sales of the world’s largest coffeehouse 
chain, Starbucks, culminated in a change of guard. In India, though, 
the US multinational’s joint venture with Tata Consumer Products, Tata 
Starbucks, is on an expansion mode. Since it opened its first outlet in 
Mumbai in 2012, Tata Starbucks has proliferated to 410 outlets across 60 
Indian cities. Canadian multinational Tim Hortens only entered India 
in August 2022 and is today present at 29 outlets across Delhi NCR, 
Mumbai, Pune, Bangalore and Punjab. Home-grown coffee shop chain 
Barista is not just coping with the competition, Barista Coffee CEO Rajat 
Agrawal is talking of expansion strategies.

THE RAPID EVOLUTION of the landscape for commerce in India is 
nothing short of remarkable. As we stand at the intersection of technology, 
convenience, and consumer demand, the quick commerce (Q-commerce) 
sector emerges as a game-changer, fundamentally altering how India 
shops for essentials. Companies like Blinkit, Swiggy Instamart, Zepto 
and BBNow are at the forefront, propelling this market to an impressive 
$2.8 billion valuation in 2024, with projections soaring to $40 billion 
by 2030. This exponential growth is driven by the convenience factor, 
catering to the needs of today’s time-pressed, young consumers who seek 
instant gratification. 
This surge, however, comes with its own set of challenges. Established 
giants like Amazon and Flipkart find themselves in a race to adapt to this 
new paradigm, where traditional models struggle to keep up with the 
agility required for instant delivery. The newcomers leverage advanced 
technology, data insights and agile operations to stay ahead, continually 
evolving with the habits of urban millennials. Yet, the path ahead is 
wrought with hurdles. Wage inflation, regulatory changes and the need 
for heavy investments in technology present significant challenges for 
Q-commerce. The initial success, bolstered by cheap labour and generous 
investor funding, may not be sustainable in the long term. Companies 
will need to innovate and revise their strategies to remain profitable, as 
competition intensifies.

AS WE CELEBRATE India’s 78th Independence Day, we find ourselves 
at a pivotal juncture in our nation’s economic journey. India’s dream 
of becoming a $10 trillion economy is not just an ambitious goal but a 
significant milestone on the global stage. Achieving this vision requires 
more than just robust policies; it demands stability, discipline and the 
unwavering commitment of those who safeguard our financial systems – 
our chartered accountants (CAs), international consultancies, particularly 
the Big Four firms and local leaders. These economic guardians are 
essential to ensuring that India’s growth is sustainable and resilient

IN A MASTERFUL BLEND of fiscal prudence and growth impetus, Union
finance minister Nirmala Sitharaman has charted out a promising course
with her budget proposals for the 2024-25 financial year. The Union
Budget ensures fiscal consolidation even as it lays the groundwork for
robust economic expansion. The Economic Survey 2023–24 projects a
real GDP growth of 6.5-7 per cent for FY 2025, buoyed by a confluence
of global and domestic drivers. I am confident that our readers will get
a deeper insight into the budget through our easy-to-understand, yet indepth
features, columns and expert analysis. A pivotal aspect of this budget
is the government’s commitment to a fiscal deficit target of 4.9 per cent,
an improvement from the 5.1 per cent outlined in the previous interim
budget, with an ambitious aim to drop below 4.5 per cent by FY 2025-26.
This decisive step fortifies the nation’s economic resilience against global
financial uncertainties.

At a juncture when financial inclusion is pivotal to a nation’s growth, India’s transformation into a fintech powerhouse is a giant leap toward a progress that includes all. The fintech revolution is not confined to urban markets or affluent sectors but cuts across all socioeconomic strata and geographies, demonstrating the inclusivity that is at the heart of it. India’s pioneering efforts, notably with the Unified Payments Interface (UPI) and subsequent initiatives such as the Open Network for Digital Commerce (ONDC), highlight the country’s commitment to large-scale digitisation and innovation. The future will unfold many more wonders.

ACCORDING to the Indian Meteorological Department, this was
our second warmest year in 122 years. Agricultural productivity and
animal husbandry have borne the brunt of the relentless heat and the
monsoon brings some relief. This issue of BW Businessworld explores
the consequences of India’s harshest and busiest summer, examining
the impact it has had on businesses and consumers alike.
The high temperatures did see certain sectors such as consumer
durables, FMCG, retail, quick commerce and power, achieve remarkable
growth, breaking records effortlessly. We delved into these sectors and
spoke to industry leaders who spent the last few months meeting high
summer demands. B. Thiagarajan of Bluestar, K. J. Jawa of Daikin,
Panasonic Life Solutions India’s Manish Sharma and Pradeep Bakshi
of Voltas share insights on their businesses and also on how the industry
was impacted by the summer sales wave.

PRIME MINISTER Narendra Modi made history on 10 June when he
strode through the corridors of South Block on Raisina Hill. He became
the second Indian prime minister after Jawaharlal Nehru to step into a
third term. At his first Cabinet meeting the prime minister of the world’s
largest democracy set the tone of his government’s stance, by signing
the 17th instalment of the PM Kisan Nidhi and by approving three crore
rural and urban houses as part of the PM Awas Yojana. The two decisions
reaffirmed his administration’s commitment to the ‘Four Castes’– the
Garib (poor), Mahilayein (women), Yuva (youth) and Annadata (food
growers).
Later in the evening when Rashtrapati Bhawan released the list of
key ministries and portfolios, it was quite evident that the Modi 3.0
government was committed to both continuity of the policies of the
National Democratic Alliance (NDA) and to the dynamics of coalition
politics. Prime Minister Modi retained key Cabinet portfolios to ensure
that the economic reforms that his government had initiated over the
past decade were sustained. It was a clear message to the Opposition
that the momentum of the reforms were unimpaired. As S. Ravi writes
in his column in this issue, ‘Continuity, Balance and Transformation’
were among the key expectations from the NDA.
 Happy reading!

AS WE GO TO PRESS, counting is on of the results of the national general
elections of the world’s largest democracy. The National Democratic
Alliance (NDA) that bravely contested with two negative trends going
against it – namely joblessness and periodic spurts in inflation –seems
to be set to form government again, riding high on the charisma of
Narendra Modi. But anti-incumbency trends are more than evident,
as regional parties like the Samajwadi Party in Uttar Pradesh and the
Telugu Desam Party (TDP) in Andhra Pradesh, show mesmeric gains.
The I.N.D.I.A alliance is a formidable second to the leading NDA at the
time of writing and both the BSE Sensex and NSE Nifty are plunging.
We address the menace of inf lation in our cover story, Investing
Strategies to Tame the Inflation Monster. Inflation, described as the
“unseen robber” by Margaret Thatcher, erodes the value of money over
time. Investing strategies of tax-paying Indians therefore, need to be
smart. Our detailed analysis offers clues for combatting a price spiral
through diversified investments, emphasising the power of equities
and mutual funds.

THIS SPECIAL issue contains our annual feature on India’s Most Respected
Companies. We track strong and resilient India Inc.’s narrative as it
bounced back from the challenges posed by a pandemic and the slowdown
that followed. The 2024 list of India’s Most Respected Companies has been
prepared in collaboration with TechSci Research, at the end of a perception
survey of leading listed companies, based on their overall performance in
the 2022-23 financial year. We don’t just assess the financial performance
of the companies, but also delve into their ethos.

Do read our in-depth report on the splendid growth of India’s
construction equipment industry, thanks to the strong government-led
investment in infrastructure projects. This trend is expected to continue
through the second-half of the current fiscal. We also bring to you a
special package on India’s Direct-to-Consumer (D2C) market which
hurtles towards three-fold growth and a cumulative turnover of $100
billion by 2025. This landscape is being fired by disruptive innovation.
Powerhouses like Nykaa, SUGAR, Lenskart, boAt and many others, aren’t
just challenging traditional industries, they are redefining them.
Challenges lurk around this glorious path too. Fast moving consumer
goods (FMCG) giants for instance, are now acquiring D2C startups in a
bid to stay relevant. Even amidst this consolidation, D2C brands continue
to attract both funding and celebrity engagement. As pioneers like
Mamaearth and Nykaa lead the way in raising equity through initial public
offerings (IPOs), the D2C sector is poised to reshape and redefine India’s
retail landscape. Of course, we also bring to you all our regular columns
and features. Happy reading!

AT BW BUSINESSWORLD, championing the cause of women entrepreneurs
has always been a cornerstone of our editorial ethos. In this issue, we
celebrate the remarkable strides made by women across diverse sectors in
India’s entrepreneurial landscape.
From pioneering tech startups to preserving traditional crafts, women
entrepreneurs are not just breaking stereotypes but also driving substantial
economic and social impact. Their talent, resilience and innovation are
shaping the future of business in India.

Happy reading!

MARKETING, COMMUNICATION, media and creativity are subjects that
are very close to my heart, for I have not only seen this sector first-hand
for more than two-and-a-half decades but am also an intrinsic part of
it. This issue, therefore holds a special meaning for me. In this edition,
where we continue to delve into the transformative effects of technology
across various sectors, we spotlight the dynamic world of marketing and
advertising that is pivotal in shaping consumer perceptions. This sector is
undergoing a rapid evolution with the integration of generative AI. The past
year has been particularly insightful. Despite a slowdown in several sectors,
including among Indian startups, companies like boAt and Noise have
boldly increased their advertising expenditures. This trend underscores
the broader realisation among marketers that robust investment in brand
building is critical, especially in times marked by global challenges and
uncertainties. It’s a strategic move that aims to solidify market presence
and ensure long-term business success.

GLOBAL LEADERS who see India as a land of opportunities, take into
account greener pastures and the emerging sectors that are creating
unprecedented growth avenues. In this special issue, we delve into an
extraordinary and burgeoning segment of the Indian economy that merges
ancient traditions with avant-garde technology – the Spiritual Tech sector.
Encompassing a wide array of services – from astrology and faith tech to
numerology and temple tourism – this sector has witnessed a significant
boom, with the market for spiritual services in India catapulting to $58.6
billion in 2023. Powered by revolutionary technological innovations like
online darshans, this market not only sustains India’s cultural essence but
also offers immense potential for startups. Spiritual tech services could
grow to a market size that goes beyond $127 billion by 2032.

A FEW MONTHS AGO, I had found myself in sole charge of Sydney, who my
wife Niti and I consider our third offspring after Prarthna and Prasann.
Caring for our family’s golden retriever had been a shared task till then, so
I discovered to my surprise that her lifestyle was certainly more enviable
than mine and many I know. I was amazed at the amount of time, money
and attention that goes into pet care. When I mentioned this at the office,
I learnt that I was among the very few not fully aware of the passion with
which pet parents in India care for their charge. I was enlightened. Like
many pieces of a puzzle coming together, I could clearly see all the dots
connecting, to create an emerging pet care industry in India.
At BW Businessworld, we are keen to explore new sectors. Driven by
various reasons, new opportunities are arising on the horizon, opening
doors for young entrepreneurs, creating jobs and eventually contributing
to India’s growing economy. One of the first we deep dive into is the Indian
pet care industry. In this case, much credit can be given to pet parents
and the passion with which HNI (high-net-worth individual) households
spend on their pets.

DEAR READER,
Our annual issue on Most Influential Women is a celebration of Indian
women who are inspiring change and progress. The power list features
achievers driving sustainable growth across India and beyond. There is
always a buzz of excitement across our offices when we start on this project.
Advisory board members and editorial leads send in recommendations,
heated debates ensue and finally, the list is drawn up. The thing about such
a list is that there is seldom space enough to acknowledge all the inspiring
women leaders India has. That said, let’s look at our list this year.

DEAR READER,
Fiscal 2022-23 was a challenging year for the world and for India because
of uncertainties that arose from heightened geopolitical tensions and the
impact they had on trade relations and investment flows. Even so, India
Inc. powered through – showing great resilience. We map the India growth
story in our annual BW Real 500 rankings, in partnership with TechSci
Research, that has selected only listed organisations based on their total
income generated in the 2022-2023 fiscal.
Some findings of this study stand out. First, the top 15 companies account
for nearly 71 per cent of the cumulative income generated by the top 50
companies and almost 50 per cent of the total income generated by all
500 companies in the list. Secondly, the top 50 companies accounted for
over 70 per cent of the total income generated by all the 500 companies.
However, the top five companies in the BW Real 500 list could generate a
combined total income of Rs 38.7 lakh crore, a significant drop from the
FY2022 numbers of Rs 100.34 lakh crore, clearly reflecting the global
headwinds. Reliance Industries (RIL) continued its great run, emerging
as India’s largest and most profitable private sector company once more.  Happy reading!

IN THE LAST FEW YEARS, the story of wearables, smartwatches and
true wireless audio has been nothing short of remarkable. The category’s
narrative is about growth but the bigger takeaway is how homegrown
brands lead and dominate. The likes of Apple, Samsung and Oppo were not
able to dent the market shares of home-grown boAt, Noise, Boult Audio,
Fire Boltt and their ilk. The ‘Make in India’ story is prominent, reiterating
that when the right people identify a market gap and provide a solution that
works, they are likely to succeed.
Against this backdrop, it is interesting to note that a category that grew
nearly 35 per cent in the preceding year is expected to grow in single digits
in 2024. This may not sound very positive but if you look at the details, you
can see the natural progression. If one observes how the category leaders
are behaving, for example, the multi-X growth in the likes of advertising
expenses or research & development, one can see that these players are
eyeing a bigger pie. They plan to build the category further and find a new
consumer base to be able to overcome the setback anticipated this year,
as our cover feature illuminates. Who could elucidate this strategy better
than the founders of Noise, Amit and Gaurav Khatri? Noise remained
bootstrapped for nearly a decade before accepting its maiden investment
from a global conglomerate like Bose. For those who know the space, this
is signal enough that Noise is going all out as the challenger brand in the
true wireless category. Our cover interview captures Amit and Gaurav’s
thoughts on their long-term growth plan.

THE WORLD’S LARGEST stock exchange on Wall Street has now had
the longest initial public offering (IPO) winter since 1980. The New York
Stock Exchange saw a meagre 154 firms debut with their primary offers
of shares in 2023, from a whopping 1,000 IPOs in 2021, primarily owing
to the high-interest rates that have dashed hopes of high valuation of
stocks. The Indian capital markets belied the trend, as our cover story
revealed in July 2023, showing how IPOs were beginning to flock back
to the markets after a barren spree in 2022.

Happy Reading!

FINANCE MINISTER Nirmala Sitharaman has indicated that
the interim budget that she will present on 1 February will be shorn of
“spectacular announcements”, as indeed the vote-on-account on the eve
of a national general election inevitably is. Even so, the hopeful hope that
Sitharaman’s last budget presentation in her current term, will bear good
tidings for select demographics like women, the farming community,
industry and the tax payer. Our package on the Union Budget compiles
voices from industry, think tanks and our own inhouse experts in a bid
to predict the contents of the finance minister’s red tablet pouch. Ashish
Sinha picks up trends from past interim budgets and maps a pattern that
indicates that the upcoming interim budget too may play a pivotal role in
shaping India’s future economic roadmap.

Happy Reading!

AT THE END OF A YEAR described as one of the bleakest in recent history,
an outlook report of the International Monetary Fund had stated, “The
worst is yet to come, and for many people, 2023 will feel like a recession.”
A consensus emerges that 2023 has been able to overcome the financial
challenges on its path. The global economy has shown resilience,
notwithstanding geopolitical tensions, as has India’s domestic economy.

Do read our interview with someone I see as a global leader, Mr Piyush
Pandey. His work across the last four decades have impacted advertising,
influenced public opinion and made a difference. Piyush transitions into
an advisory role at Ogilvy but we expect more from this super leader in
the times ahead. The marketing and advertising sector per se is gearing
up for a busy 2024 as we see home-grown agency RK Swamy prepare for
its IPO. This issue also features the next generation of marketing leaders
in one of our special initiatives.
Of course, we also bring to you all our regular columns and features that
you look forward to. We wish you a Happy New Year!

NOVEMBER IS KNOWN to be the best month to be in Dubai, when its
skies are clear, the sea breeze is balmy and temperatures hover around a
pleasant 25 degrees Celsius. On the last day of November 2023, the throng
there was 70,000 strong from the 200 nations that took part in the United
Nations Climate Conference, COP28. Metaphorically heat had been
building up over a United Nations Framework Convention on Climate
Change summit being hosted by the oil and gas rich United Arab Emirates
(UAE). The irony of the beneficiaries of the fossil fuel market joining forces
with climate activists and environmentalists to work toward a transition
to a world fueled by green energy was not lost on most.

AT THE END OF EACH YEAR, dictionaries come up with the word of the
year. This year, while Cambridge Dictionary announced ‘hallucinate’ as
the word of the year, Collins Dictionary chose the more apt – ‘AI’. Artificial
intelligence has created more buzz this year than any other development.
Seminars and reams of newsprint for columns and articles have been
devoted to it. Apart from AI two other terms are defining the world of work
and business – VUCA (volatility, uncertainty, complexity and ambiguity)
and BANI (Brittle, Anxious, Non-Linear and Incomprehensible).
As a management institute honcho we interviewed for this special
B-School edition says, “The biggest risk for corporates, including Fortune
500 CEOs, is uncertainty, as business cycles are constantly changing.
Thus, the biggest challenge for B-Schools is preparing talent to navigate
uncertainty and volatility, and to be resilient.” This is the theme that has
influenced BW Businessworld’s rankings of B-Schools in 2023. The top
order of rankings remains largely unchanged, comprising mostly firstgeneration
IIMs and top-notch private B-Schools. Several new-generation
IIMs and private institutes agile enough to mould and remould their
curriculum to industry requirements are, however, also knocking at the
doors of the elite club. New-age programmes, mentoring by industry
experts, faculty projects and executive management programmes whose
learnings are ploughed back into the flagship MBA programmes, and
longer internships are some of the new measures that B-Schools have
introduced to stay relevant.
 Happy reading!

INDIA’S GROWTH STORY has so far defied oil price shocks and the
consequent spikes in prices of essentials, geopolitical doldrums like the
persisting Russia-Ukraine war and the vagaries of nature like floods and
storms. The major stock markets in India, the BSE and the NSE, have so
far saluted this epic-in-the-making and then suddenly in October, share
prices of companies in key sectors like banking, telecommunications,
metals, utilities and healthcare began to slide. What portends to be a
trend comes on the eve of a scheduled deluge of initial public offerings
(IPOs) of companies big and small.


Happy reading and Happy Diwali!
ANNURAG BATRA
 anurag.batra@businessworld.in
WHICH WAY ARE STOCK
PRICES HEADED?

THE LUXURY MARKET has been growing since Covid, despite the 
uncertainties around the globe. Reports suggest that the consumer base 
of the luxury market will expand from about 400 million people in 2022 to 
500 million by 2030, by when its market size too is slated to swell three-fold. 
The market itself will evolve, weaving in personalisation, convenience and 
sustainability as it copes with consumer preferences. 

Of course, we also bring to you all our regular columns and features that 
you look forward to. Happy reading.

ECOMMERCE IN INDIA has achieved an astonishing level of growth, demonstrating
the outstanding leadership and resilience of major players like Amazon India
and Flipkart. The enthusiastic embrace of digital platforms, the diverse array of
products on offer and the evolving preferences of consumers – from small towns
to mega metropolises – have been among the myriad factors that have driven this
persistent expansion. This remarkable digital journey of the Indian marketplace
is truly a cause for celebration.
Our cover story in this issue tells the story of one of the country’s largest tech
and ecommerce players, Amazon India. With over 100,000 employees, Amazon
stands out as a mega employer in the private sector. It is committed to digitising
10 million small businesses, facilitating $20 billion in ecommerce exports, and
generating two million direct and indirect jobs through the country. Manish
Tiwary, Vice President and Country Manager of Amazon India’s consumer
business, tells us that Amazon has already made significant strides towards these
goals, having digitised over 6.2 million small businesses, enabled cumulative
exports worth $8 billion, and created over 1.3 million direct and indirect jobs
in India.

WE LIVE IN EXCITING times, when India is literally reaching for the moon
and mars and conquering the universe with its innate goodwill. For India
now, every step needs to be measured, to ensure that we do not slip from
a trajectory built assiduously over a decade. Every economic, political or
even geopolitical leap has traditionally been saluted by the nation’s vibrant
stock markets, as investors, foreign, domestic and retail, demonstrate
their confidence in the fundamentals of the economy. This exuberance
percolates through the bourses, where the share of retail or small investors
have grown exponentially with the rise in disposable income of the salaried
classes. A tremendous maturity in the financial markets while this suggests
in a country where household savings have traditionally been ploughed
into gold or landholdings, memories of the massive bull run and the stock
market debacle of 1992, is bound to haunt many.

INDIA, AS A SHINING STAR in the global economy, has witnessed the rise
of million-dollar, sustainable, and large-scale businesses. From far-sighted
pioneers like Sanjeev Bhikchandani and Dr A. Velumani to contemporary
titans like Binny Bansal and Mithun Sacheti, the journey of wealth creation
has been diverse and dynamic. These entrepreneurs share a common goal:
to forge unmatched, revenue-generating, and fundamentally sustainable
Indian enterprises. As we traverse the timeline of Indian businesses
and entrepreneurial leadership, it becomes clear that the strategies and
approaches to business have evolved significantly, leaving us to ponder the
future course for the next generation of entrepreneurs.
In the last three years alone, wealth creation in India has been nothing
short of spectacular. The mavericks of the business world have not only
built thriving enterprises but have also set the stage for newer, bolder exits,
be it through cash deals, as we saw recently with CaratLane, founded by
Mithun Sacheti, or initial public offerings (IPOs). This evolving narrative
presents a compelling blueprint, poised to transform India into a nation
of entrepreneurs. As we look ahead, the future of India’s entrepreneurial
landscape is set to be an exhilarating voyage, fuelled by innovation, vision,
and an unwavering commitment to excellence.

We hope the issue has some interesting takeaways for our readers.

ON 23 AUGUST the Made-in-India Rover Chandrayaan -3 soft
landed on the moon, propelled into space from an Indian launch
pad at Sriharikota. The moon mission as the world knows now, was
accomplished by Indian scientists and spearheaded by the Indian
Space Research Organisation (ISRO), a government-funded entity.
The ISRO is not the only government-owned agency that is in step
with global compatriots, many Maharatnas are too. Maharatnas like
the Oil and Natural Gas Corporation, the Steel Authority of India
Limited and Indian Oil Corporation are public sector behemoths with
major market shares in their respective domains and most now have
footprints overseas. They do India proud. So, Prime Minister Narendra
Modi’s retort in Parliament on Congress leader Rahul Gandhi’s remarks
about the health of Hindustan Aeronautics Limited was more than a
jibe. Many market experts second the Prime Minister’s advice that it is,
indeed, worth betting on the PSUs.

Happy reading!

THE PRIME MINISTER’S Independence Day speech reiterated a vision
he has shared with the nation across a decade now, that of the “dream
of a developed India by 2047”. He said “it’s not just a dream but a resolve
of 1.4 billion citizens. To fulfill that resolve, hard work is essential, but our
national character is the most significant force”. It must be that national
character that keeps segments of the economy afloat in the most trying of
times. Even as indices of industrial production show a slide in most sectors,
as commodity markets grapple with supply glitches and wavering demand,
some sectors of the economy ride at full throttle, among them automotives,
the paints industry and fast moving consumer goods (FMCG).
Happy reading!

IN THE EVER-EVOLVING landscape of technology, the advent of Web3
signals a new era of decentralisation and digital empowerment. Often
described as the decentralised internet, Web3 embodies a paradigm shift
from traditional centralised platforms to a peer-to-peer, communitydriven
ecosystem. Powered by blockchain technology, it promises increased
transparency, security and user control. As we navigate the complexities of
this nascent terrain, it becomes evident that the journey of Web3 has only
just begun. Of course, every technological innovation has its naysayers
and the market volatility and regulatory hurdles witnessed in trading
cryptocurrencies has already led to some scepticism.
 Happy reading!

MORE OFTEN than not, in our roles as chroniclers of the economy, we are required
to take an aerial view, if I may call it that, of the direction in which change is
setting forth. The more I see the transformation in India today, the impact that
it has on people and progress, the more I feel we are in the moment of history,
where India is creating its ‘valley of good’.
With Aadhar, we took an important step to create a national identity system,
that was strong enough not only to give people secure access to benefits but also to
push sectors such as telecom and banking forward. It lay down the guardrails that
enable inclusion and democratisation, the digital India that our Prime Minister
envisions. The Indian government’s policies, exemplified by initiatives such as
the United Payments Interface and the Open Network for Digital Commerce,
have paved the way for a more equitable future. By placing a strong emphasis on
financial inclusion, India is shattering barriers and rewriting the rules of the
game.
 Happy reading!
ANNURAG BATRA
 anurag.batra@businessworld.in

September 21, 2024

September 07, 2024

August 24, 2024

August 10, 2024

July 27, 2024

July 13, 2024

June 29, 2024

June 15, 2024

June 1, 2024

May 18, 2024

May 04, 2024

April 20, 2024

April 06, 2024

March 23, 2024

March 09, 2024

February 24, 2024

BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

In every issue, you'll find:

* In-depth analysis: Get the latest insights on the big trends that are shaping the business world.
* Expert interviews: Hear from the thought leaders who are shaping the future of business.
* Case studies: Learn from the successes and failures of other businesses.
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* And more: BW Businessworld also features articles on a variety of other topics, such as leadership, innovation, and technology.

BW Businessworld is a must-read for anyone who wants to make sense of the business world. It is the only magazine that provides comprehensive coverage of the latest trends and insights, from the perspective of the world's leading business thinkers. 

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1. お客様は、Magzter.com、アプリケーション、およびそのサービスの使用は単独でご自身の責任で行うことに同意します。 Magzter.com、その関連会社、従業員、サードパーティのコンテンツ プロバイダーは、サービスが完全に中断されないこと、エラーがないこと、不正行為に対して確実であることを保証しません。また、Web サイトや製品が期待または約束したとおりの正確な結果が得られることも保証しません。

11. サービスおよびすべての出版物は、「現状のまま」および「入手可能な状態」で提供されます。 MAGZTER、その関連会社、サプライヤー、ライセンサーおよび代理店は、明示的か黙示的かを問わず、商品性、特定目的への適合性、および権利侵害の非侵害に関する黙示的な保証を含むがこれらに限定されない、あらゆる種類の保証を明示的に否認します。上記を制限することなく、MAGZTER もその関連会社、サプライヤー、ライセンサー、代理店も、(I) サービスがお客様の要件を満たすこと、(II) サービスが中断されず、タイムリーに、安全に、またはエラーが発生しないことを保証しません。 III) サービスの使用から得られる情報、または出版物に含まれる情報が正確または信頼できるものである、または (IV) 出版物またはサービスの品質がお客様の期待に応えるものであること。信頼できるインターネット接続とデバイスの取得と維持については、お客様が単独で責任を負います。 MAGZTER は、お客様がコンテンツをダウンロードできないことについては責任を負いません。ダウンロードまたはサービスの使用を通じて取得したマテリアルは、お客様自身の裁量とリスクで行われ、かかるマテリアルのダウンロードに起因するコンピューター システムまたはモバイル デバイスへの損害またはデータの損失については、お客様が単独で責任を負うものとします。口頭か書面かを問わず、お客様が magzter から、またはサービスを通じて、またはサービスから得たアドバイスや情報は、いかなる保証も生じません。

2.お客様は、その情報を真実、正確、最新かつ完全なものに保つために維持し、速やかに更新するものとします。あなたは、自分のアカウントとパスワードの機密性を維持し、自分のコンピュータへのアクセスを制限する責任を負い、すべてのコンテンツとサービスの選択と使用を含む、自分のアカウントで行われるすべての活動に対する責任を受け入れることに同意します。

3. いかなる場合においても、Magzter.com、ウェブサイトおよびアプリケーション上のコンテンツの作成、制作、配布に関与する個人、団体、第三者は、契約上または法的責任を負いません。 Magzter.com の使用中または使用中にお客様に発生した直接的、間接的、付随的、特別、および結果的。 Web サイトに登録するか、アプリケーションをダウンロードすることにより、このセクションに記載されている規定が Web サイトおよびアプリケーションのすべての使用およびコンテンツに適用されることに同意するものとします。

3. Magzter からの事前の書面または許可がない限り、ここに公開されているものはすべて Magzter またはそのライセンサーの専有財産であるため、Magzter から取得したコンテンツを変更、コピー、配布、販売してはなりません。このような不正使用は、著作権法や商標法を含む適用法に違反する可能性があるため、Magzter はこれらを厳しく禁止し、そのような違法行為が証明または検出された場合は、アクセスとアカウントを停止します。また、これらの不正行為によって生じた損害についても責任を負う必要があります。出版物の法的所有者が許可する場合を除き、お客様は、サービスを通じてアクセスした出版物をダウンロードすることによって所有権を取得しないことを承認するものとします。著作権法で明示的に要求されている場合、またはサービスの機能によって許可されている場合を除き、変更、リバース エンジニアリング、公開、送信、表示、譲渡または販売への参加、派生作品の作成、またはいかなる形であっても商業的に利用または提供することはできません。 Magzter およびかかるコンテンツの所有者の明示的な許可なしに、アプリのコンテンツ、出版物、またはそれらの一部を第三者に提供すること。当社は、明示的か黙示的かを問わず、Magzter または Magzter のライセンサーの知的財産に対するライセンスを付与しません。

5. あなたは、Magzter.com が他のユーザーや第三者、またはそのコンテンツのいかなる種類の中傷的、攻撃的、または違法な行為に対して責任を負わないこと、および前述の行為による傷害のリスクは完全にあなたにあることを特に認めます。

8. Magzter は、お客様が本利用規約および Magzter が定めるその他の運用規則に準拠しているかどうかを判断する目的で、お客様が公開および入力したコンテンツを監視するすべての権利を留保します。 Magzter は、コンテンツについて決定を下し、独自の意志で削除する権利を有します。

9. Magzter は出版物の販売代理店であり発行者ではないため、Magzter は雑誌に掲載されている意見、アドバイス、声明、サービス、オファーなどを含むコンテンツに対する編集管理を行いません。したがって、Magzter は、そこで提供される情報や事実、または公式の資格に従って行動する Magzter の認定従業員以外の者がサービスを通じて利用できる情報や事実の正確性や信頼性について責任を負いません。したがって、当社には出版物に対する編集上の管理権がありません。本サービスが提供する出版物で行われた意見、アドバイス、声明、サービス、オファー、または第三者によって表明または利用可能にされたその他の情報またはコンテンツは、それぞれの著者または出版社のものであり、第三者のものではありません。マグザー。 Magzter は、サービスを通じてまたは出版物から得た情報への信頼によって生じた損失または損害に対して責任を負いません。本サービスには、他のインターネット サイトおよびサードパーティのリソースへのリンクが含まれている場合がありますが、Magzter は、そのようなリンクされたサイトで利用可能な通信またはマテリアルについては一切の責任を負いません。これらのリンクは便宜のためにのみ提供されています。サードパーティのサイトにアクセスしたり、サードパーティのサイトを通じて注文したりするときに適用される利用規約を理解するのは、お客様自身の責任です。

不快なコンテンツの詳細（プラットフォーム上のリンクを含む）

お気に入りの作品をダウンロードすれば、いつでもどこでもオフラインで読むことができます

愛する人に Magzter ギフト カードをすぐに贈り、何千ものベストセラー タイトルの中からお気に入りの雑誌や新聞を自由に読めるようにしましょう。

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

{{magCount}}冊の人気のインターナショナル雑誌からお気に入りの雑誌を自由に選べるMagzterギフトカードを、大切な人に今すぐ贈りましょう。

Girish Ramdas は、世界的なデジタル出版ビジネスで話題を呼んでいる、ニューヨークを拠点とする新興企業 Magzter の共同創設者兼 CEO です。 Magzter は 2011 年のサービス開始以来、150 か国以上から 9,000 万人のユーザーを獲得しており、世界中の 4,500 以上の出版社から数千冊の雑誌、新聞、書籍が提供されています。彼は、印刷物、モバイル、Web 開発を含むクロスプラットフォーム出版において 25 年以上の経験があります。この期間中、彼は 3 つの新興企業を共同設立し、経営して成功を収めてきました。彼は雑誌社のデジタル化を可能にし、デジタル世界でコンテンツの収益化を支援してきました。ギリッシュは、オンライン、モバイル、出版エコシステムにおける深い業界経験により、世界中のプラットフォームにわたるデジタル コンテンツの取得、マーケティング、収益化の専門家となっています。

当社のプラットフォーム上で不快なコンテンツに遭遇した場合、当社はお客様の懸念に対処するために苦情救済ポリシーを導入しました。

Magzter Inc. (「当社」、「当社」、「当社」) は、お客様がご自身の個人情報がどのように使用および共有されるかについて関心を持っていることを承知しています。当社のプライバシー慣行の詳細については、次のプライバシー ポリシー(「ポリシー」) をお読みください。当社が運営するウェブサイトおよびそのサブドメインのいずれかにアクセスするか、当社のモバイル アプリケーションやその他のコンテンツ配信方法(総称して「サービス」) を使用することにより、概要が説明されている慣行およびポリシーに同意したことになります。本ポリシーに記載されており、お客様は、当社がお客様の情報を以下の方法で収集、使用、共有することに同意するものとします。

Magzter Inc. は、世界最大かつ急速に成長しているセルフサービスのクロスプラットフォーム デジタル ニューススタンドで、2011 年の創業以来 9,000 万人を超えるユーザーがおり、40 以上のカテゴリ、60 以上の言語にわたる数千の雑誌や新聞を扱っています。ニューヨークに本社を置く Magzter は、アムステルダム、ロンドン、メキシコシティ、チェンナイ、ムンバイ、ニューデリー、バンガロール、シンガポールに現地拠点を置いており、間もなく他の国にも拡大する予定です。 2011 年 6 月に世界的起業家であるギリッシュ ラムダス氏とビジェイ ラダクリシュナン氏によって設立された Magzter は、世界中の雑誌や新聞の出版社が自社のタイトルのデジタル版を作成し、世界中の消費者に配信できるようにします。

Magzter は、ユーザーに安全なプラットフォームを提供することに尽力しています。 Magzter は、パブリッシャーがコンテンツを配布するためのプラットフォームにすぎないことに注意してください。当社は、当社のプラットフォームで公開されるコンテンツを管理または推奨しません。当社は、発行者の行動またはそのコンテンツに対して責任を負いません。

Magzter は、コンテンツまたはコンテンツの一部が権利を侵害したために損害を被った、または費用が発生した当事者を補償する責任を負いません。 Magzter は、第三者の権利を侵害するコンテンツまたはコンテンツの一部に起因する権利侵害について、民事裁判所で法的措置を講じる責任を負いません。

Magzter は、Magzter GOLD と呼ばれる世界最大の「読み放題」サブスクリプション サービスを提供しています。これにより、デジタル読者は月額サブスクリプション料金で 9,000 以上の雑誌や新聞に無制限にアクセスできます。 Magzter はまた、アプリ向けの革新的な ezRead 2.0 機能により、世界最大の記事数を誇ります。これにより、スマートフォンや小さな画面のモバイル ユーザーは、本来の楽しみ方で雑誌コンテンツを楽しむことができます。読みやすく、素晴らしいビデオと高解像度の写真が付いています。

名前

Magzterでのコンテンツ発行に関するサポートが必要は場合は、このフォームに記入してください

 Magzter に入社する前は、Dot Com Infoway (DCI) および Galatta Media の社長を務めていました。彼の任務には、戦略的マーケティング、パートナーシップ開発、コンテンツの世界的な収益化が含まれていました。 DCI は、2000 年には 3 人だった小さなチームから、2011 年には 300 人にまで成長し、世界中のクライアント向けに Web、ソフトウェア、アプリの開発を手がけていました。

Magzterの開始以来、お客様に最高のニューススタンドテクノロジーとサービスを提供するため、世界各国の組織や機関と提携することに尽力してきました。雑誌の購読を顧客に提供したい場合や単に詳細に興味がある場合など、お気軽にお問い合わせください。Magzterはお客様のビジネスの成長を支援いたします。お問い合わせ内容について、以下の質問票にご記入ください：

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 DMCA では、元の DMCA 通知を提出した当事者が反対通知のコピーを受け取ってから 10 営業日以内にお客様に対して訴訟を起こさない場合、当社は削除されたコンテンツを復元することができます。

このポリシーは、お客様がサービスにアクセスする際に当社が収集する、個人を特定できる情報(「個人情報」) およびお客様およびお客様のコンピューターまたはデバイスに関するその他の情報の当社の取り扱いを対象としています。以下で詳しく説明するように、当社はお客様から個人情報を収集することがあります。当社はこの個人情報を、当社の製品、サービス、コンテンツ、広告をパーソナライズ、提供、改善するため、またお客様がユーザー アカウントとプロフィールを設定し、お客様に連絡し、特定の製品やサービスに対するお客様のリクエストを満たし、お客様によるサービスの使用状況を分析するため。場合によっては、当社は一部の個人情報を第三者と共有する場合もありますが、これはポイント 4 に記載されているとおりに限られます。

このタイトルは Magzter GOLD サブスクリプションに含まれています

コンテンツの品質を分析し、パブリッシャーに適切なフィードバックを提供するため

当社では、不快なコンテンツに関するあらゆる苦情に対応する苦情担当者を任命しています。

不快なコンテンツに関する苦情は、上記の電子メール アドレスに電子メールで苦情担当者に送信するようお願いします。また、苦情を申し立てる際には、以下の詳細を提供するようお願いします。

さまざまな雑誌、書籍、ニュース、雑誌および出版物関連コンテンツ (総称して「出版物」と呼ばれます) を注文、購読、配信を受け取り、これらの出版物のデジタル版を配信する機能を提供するアプリ

c.また、パーソナライズされた推奨事項を作成するために、アプリケーションの使用に関連する情報も収集します。お客様がサードパーティのアカウント資格情報を当社に提供した場合、お客様がそのような送信を許可した場合、それらのアカウント内の一部のコンテンツおよび / または情報(以下「サードパーティのアカウント情報」) がお客様のアカウントに送信される可能性があること、およびそのサードパーティのアカウントが当社のアカウントに送信される可能性があることを理解したものとします。サービスに送信される情報は、本ポリシーの対象となります。

 f.当社が収集する個人情報により、当社はお客様のリクエストに対応し、当社の製品とサービスを改善し、お客様に表示される広告とコンテンツをカスタマイズし、新製品についてお客様に連絡することができます。

は、2011 年の設立以来 9,000 万人を超えるユーザーがおり、40 以上のカテゴリと 60 以上の言語にわたる数千の雑誌や新聞を擁する、世界最大かつ急速に成長しているセルフサービスのクロスプラットフォーム デジタル ニューススタンドです。ニューヨークに本社を置く Magzter は、アムステルダム、ロンドン、メキシコシティ、チェンナイ、ムンバイ、ニューデリー、バンガロール、シンガポールに現地拠点を置いており、間もなく他の国にも拡大する予定です。 2011 年 6 月に世界的起業家であるギリッシュ ラムダス氏とビジェイ ラダクリシュナン氏によって設立された Magzter は、世界中の雑誌や新聞の出版社が自社のタイトルのデジタル版を作成し、世界中の消費者に配信できるようにします。

 n.また、ユーザーが当社の利用規約を遵守していることを確認するために、使用状況情報も使用されます。たとえば、ユーザーの使用状況情報は、ユーザーが雑誌やその他のコンテンツを許可された回数、または許可された数のデバイスにのみダウンロードしていることを確認するのに役立ちます。

これにより、デジタル読者は月額購読料で 9,000 以上の雑誌や新聞に無制限にアクセスできるようになります。 Magzter はまた、アプリ向けの革新的な ezRead 2.0 機能により、世界最大の記事数を誇ります。これにより、スマートフォンや小さな画面のモバイル ユーザーは、本来の楽しみ方で雑誌コンテンツを楽しむことができます。読みやすく、素晴らしいビデオと高解像度の写真が付いています。

BW Businessworld - August 25 , 2014

BW Businessworld - August 25 , 2014

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