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.
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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. Magzter.com'un, uygulamanın ve hizmetlerinin kullanımının riskinin tamamen size ait olduğunu kabul etmektesiniz. Ne Magzter.com, ne ortakları, ne çalışanları ne de üçüncü taraf içerik sağlayıcılar, hizmetin tamamen kesintisiz veya hatasız olacağını veya kötü niyetli faaliyetlere karşı kusursuz olacağını garanti etmez. Web sitesi veya ürün tarafından beklendiği veya vaat edildiği gibi kesin sonuçları alacağınızı da garanti etmezler.

11. HİZMET VE TÜM YAYINLAR 'OLDUĞU GİBİ' VE 'MEVCUT OLDUĞU GİBİ' TEMELİNDE SUNULUR. MAGZTER, İŞTİRAKLERİ, TEDARİKÇİLERİ, LİSANS VERENLER VE TEMSİLCİLERİ, SATILABİLİRLİK, BELİRLİ BİR AMACA UYGUNLUK VE İHLAL ETMEME İLE İLGİLİ ZIMNİ GARANTİLER DAHİL ANCAK BUNLARLA SINIRLI OLMAMAK ÜZERE, AÇIK VEYA ZIMNİ HER TÜR GARANTİYİ AÇIKÇA REDDEDER. YUKARIDA BELİRTİLENLERİ SINIRLAMAKSIZIN, MAGZTER NE BAĞLI KURULUŞLARI, TEDARİKÇİLERİ, LİSANS VERENLER VEYA TEMSİLCİLERİ (I) HİZMETİN GEREKSİNİMLERİNİZİ KARŞILAYACAĞINA, (II) HİZMETİN KESİNTİSİZ, ZAMANINDA, GÜVENLİ VEYA HATASIZ OLACAĞINA, ( III) HİZMETİN KULLANIMINDAN ELDE EDİLECEK VEYA YAYINLARDA BULUNABİLECEK BİLGİLERİN DOĞRU VEYA GÜVENİLİR OLACAĞI VEYA (IV) HERHANGİ BİR YAYININ VEYA HİZMETİN KALİTESİ BEKLENTİLERİNİZİ KARŞILAYACAKTIR. GÜVENİLİR İNTERNET BAĞLANTISI VE CİHAZINIZI SAĞLAMAK VE SÜRDÜRMEKTEN YALNIZCA SİZ SORUMLUSUNUZ. MAGZTER, İÇERİĞİ İNDİREMEZSENİZDEN SORUMLU DEĞİLDİR. HİZMETİN KULLANIMIYLA İNDİRİLEN VEYA BAŞKA BİR ŞEKİLDE ELDE EDİLEN HERHANGİ BİR MALZEME, KENDİ TAKDİRİNİZDE VE RİSKİ SİZE AİTTİR VE BİLGİSAYAR SİSTEMİNİZDE VEYA MOBİL CİHAZINIZDA BU TÜR MATERYALİN İNDİRİLMESİNDEN KAYNAKLANAN HERHANGİ BİR HASARDAN VEYA VERİ KAYBINDAN YALNIZCA SİZ SORUMLU OLURSUNUZ. MAGZTER'DEN VEYA HİZMET ARACILIĞIYLA VEYA HİZMETTEN ELDE ETTİĞİNİZ SÖZLÜ VEYA YAZILI HİÇBİR TAVSİYE VEYA BİLGİ HERHANGİ BİR GARANTİ OLUŞTURMAZ.

2. Bu bilgileri doğru, doğru, güncel ve eksiksiz tutmak için koruyacak ve derhal güncelleyeceksiniz. Hesabınızın ve parolanızın gizliliğini korumaktan ve bilgisayarınıza erişimi kısıtlamaktan siz sorumlusunuz ve tüm içerik ve hizmetlerin seçimi ve kullanımı da dahil olmak üzere hesabınız altında gerçekleşen tüm faaliyetlerin sorumluluğunu kabul ediyorsunuz.

3. Magzter.com veya web sitesi ve uygulamadaki içeriğin oluşturulması, üretilmesi ve dağıtılmasında yer alan herhangi bir kişi veya kuruluş veya üçüncü taraf, aşağıdakiler dahil ve bunlarla sınırlı olmamak üzere hiçbir zarardan sözleşmede veya yasal olarak sorumlu tutulamaz: Magzter.com'u kullanırken veya kullanırken maruz kaldığınız doğrudan, dolaylı, tesadüfi, özel ve sonuç olarak ortaya çıkan. Web sitesine kayıt olarak veya uygulamayı indirerek, bu bölümde belirtilen hükümlerin web sitesi ve uygulamadaki tüm kullanım ve içerikler için geçerli olacağını kabul etmektesiniz.

3. Burada yayınlanan her şey Magzter'in veya lisans verenlerinin mülkiyetinde olduğundan, Magzter'in önceden yazılı veya yetkili izni olmaksızın, Magzter'den alınan hiçbir içeriği değiştirmemeli, kopyalamamalı, dağıtmamalı veya satmamalısınız. Bu tür yetkisiz kullanım, telif hakkı ve ticari marka yasaları dahil olmak üzere yürürlükteki yasaları da ihlal edebileceğinden, Magzter bunları kesinlikle yasaklar ve bu tür yasa dışı faaliyetlerin kanıtlanması veya tespit edilmesi durumunda erişiminizi ve hesabınızı sonlandırır. Bu yetkisiz faaliyetlerden kaynaklanan zararlardan da sorumlu olmalısınız. Yayının yasal sahibinin izin verdiği durumlar dışında, Hizmet aracılığıyla erişilen Yayınları indirerek herhangi bir mülkiyet hakkı elde etmediğinizi kabul edersiniz. Telif hakkı yasasının açıkça gerektirdiği veya Hizmetin özelliklerinin izin verdiği durumlar dışında, değiştiremez, tersine mühendislik uygulayamaz, yayınlayamaz, iletemez, görüntüleyemez, devir veya satışına katılamaz, türev çalışmalar oluşturamaz veya herhangi bir şekilde ticari olarak kullanamaz veya sağlayamazsınız. Magzter'in ve söz konusu içeriğin sahibinin açık izni olmaksızın Uygulamanın, Yayınların veya bunların herhangi bir bölümünün içeriğinin üçüncü taraflarca paylaşılması. Size, Magzter veya Magzter'e lisans verenlerin fikri mülkiyetine ilişkin açık veya zımni herhangi bir lisans vermiyoruz.

5. Magzter.com'un diğer kullanıcılara veya üçüncü taraflara veya içeriklerine yönelik herhangi bir iftira niteliğinde veya saldırgan veya yasa dışı davranıştan sorumlu olmadığını ve bunlardan kaynaklanan yaralanma riskinin tamamen size ait olduğunu özellikle kabul etmektesiniz.

 7. Magzter, bu hüküm ve koşullara ve Magzter tarafından belirlenen diğer işletim kurallarına uyup uymadığınızı belirlemek amacıyla sizin tarafınızdan yayınlanan ve girilen içeriği izleme hakkını saklı tutar. Magzter, içerikle ilgili kararlar alma ve bunları kendi isteğiyle silme hakkına sahiptir.

8. Magzter, Yayınların yayıncısı DEĞİLDİR, distribütörüdür ve bu nedenle Magzter'in, dergilerde temsil edilen görüşler, tavsiyeler, beyanlar, hizmetler, teklifler vb. dahil olmak üzere içerik üzerinde herhangi bir editoryal kontrolü yoktur. Bu nedenle Magzter, resmi sıfatlarıyla hareket eden yetkili Magzter çalışanları dışında herhangi biri tarafından sağlanan veya hizmet aracılığıyla sunulan herhangi bir bilgi veya olgunun doğruluğu veya güvenilirliği konusunda sorumluluk almayacaktır. Buna göre, Yayınlar üzerinde herhangi bir editoryal kontrolümüz yoktur. Hizmet tarafından sunulan Yayınlarda yapılanlar da dahil olmak üzere, üçüncü şahıslar tarafından ifade edilen veya kullanıma sunulan her türlü görüş, tavsiye, beyan, hizmet, teklif veya diğer bilgi veya içerik, ilgili yazar(lar)a veya yayıncı(lar)a aittir ve üçüncü taraflara ait değildir. Magzter. Magzter, Hizmet aracılığıyla veya Yayınlardan elde edilen bilgilere güvenmenizden kaynaklanan herhangi bir kayıp veya hasardan sorumlu olmayacaktır. Hizmet, diğer İnternet sitelerine ve üçüncü taraf kaynaklara bağlantılar içerebilir ve Magzter, bu tür bağlantılı sitelerde bulunan iletişim veya materyaller için herhangi bir sorumluluk veya yükümlülük kabul etmez. Bu bağlantılar yalnızca size kolaylık sağlamak için sağlanmıştır. Üçüncü taraf bir siteyi ziyaret ettiğinizde veya bu site aracılığıyla sipariş verdiğinizde geçerli olabilecek tüm hüküm ve koşulları anlamaktan yalnızca siz sorumlusunuz.

 Platformumuzdaki bağlantısı da dahil olmak üzere sakıncalı içeriğin ayrıntıları

 En sevdiğiniz kitapları indirin ve çevrimdışı, her zaman ve her yerde okuyun

 Sevdiklerinize anında bir Magzter Hediye Kartı hediye edin ve onlara en çok satan binlerce başlık arasından en sevdikleri dergi ve gazeteleri okuma özgürlüğü verin.

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.

Bir Magzter Hediye Kartı ile sevdiklerine anında hediye et ve onlara {{magCount}} en iyi satan uluslararası isimden favori dergilerini okuma özgürlüğü ver.

Girish Ramdas, küresel dijital yayıncılık işinde dalgalar yaratan New York merkezli bir girişim olan Magzter'in Kurucu Ortağı ve CEO'sudur. Magzter, kurulduğu 2011 yılından bu yana dünya çapında 4.500'den fazla yayıncıdan 1000'lerce dergi, gazete ve kitapla 150'den fazla ülkeden 80 milyon kullanıcıyı aştı. Basılı, mobil ve Web geliştirme dahil olmak üzere platformlar arası yayıncılıkta 25 yıldan fazla deneyime sahiptir. Bu süre zarfında, üç başarılı start-up şirketi kurdu ve yönetti. Dergi şirketlerinin dijitalleşmesini sağladı ve dijital dünyadaki içeriklerinden para kazanmalarına yardımcı oldu. Girish'in çevrimiçi, mobil ve yayıncılık ekosistemlerindeki derin sektör deneyimi, onu dünya çapındaki platformlarda dijital içerik edinme, pazarlama ve paraya çevirme konusunda uzman yaptı.

 Platformumuzda sakıncalı herhangi bir içerikle karşılaşmanız durumunda, endişelerinizi gidermek için bir şikayet giderme politikası oluşturduk.

Magzter Inc. (“Şirket”, “biz”, “bize” veya “bizim”) kişisel bilgilerinizin nasıl kullanıldığını ve paylaşıldığını önemsediğinizi bilir. Gizlilik uygulamalarımız hakkında daha fazla bilgi edinmek için lütfen aşağıdaki gizlilik politikasını (“Politika”) okuyun.Şirket tarafından işletilen web sitelerinden herhangi birini ve bunların alt alanlarını ziyaret ederek veya mobil uygulamalarımızdan ve diğer içerik dağıtım yöntemlerinden herhangi birini kullanarak(toplu olarak “Hizmet“), belirtilen uygulamaları ve politikaları kabul ettiğinizi kabul edersiniz.bu Politikada yer alır ve bilgilerinizi aşağıdaki şekillerde toplayacağımıza, kullanacağımıza ve paylaşacağımıza işbu vesile ile izin vermiş olursunuz.

Magzter Inc., kurulduğu 2011 yılından bu yana 80 milyondan fazla kullanıcısı ve 40'tan fazla kategoride ve 60'tan fazla dilde binlerce dergi ve gazeteyle dünyanın en büyük ve en hızlı büyüyen self servis, platformlar arası dijital gazete bayisidir. Merkezi New York'ta bulunan Magzter'in Amsterdam, Londra, Mexico City, Chennai, Mumbai, Yeni Delhi, Bengaluru, Singapur'da yerel varlığı bulunmaktadır ve yakında diğer ülkelere de yayılacaktır. Haziran 2011'de küresel girişimciler Girish Ramdas ve Vijay Radhakrishnan tarafından kurulan Magzter, dünyanın dört bir yanındaki dergi ve gazete yayıncılarının kitaplarının dijital baskılarını oluşturup küresel tüketicilere ulaştırmasına olanak tanıyor.

 Magzter, kullanıcılarımız için güvenli ve emniyetli bir platform sağlamaya kendini adamıştır. Lütfen Magzter'in yalnızca yayıncıların içeriklerini dağıtmaları için bir platform olduğunu unutmayın. Platformumuzda yayınlanan içeriği kontrol etmiyor veya desteklemiyoruz. Yayıncılarımızın eylemlerinden veya içeriklerinden sorumlu tutulamayız.

Magzter, haklarını ihlal eden herhangi bir içerik veya içeriğin bir kısmı nedeniyle zarar gören veya masrafa maruz kalan tarafları tazmin etmekten sorumlu değildir. Magzter, üçüncü şahısların haklarını ihlal eden herhangi bir içerikten veya içeriğin bir kısmından kaynaklanan herhangi bir hak ihlali nedeniyle hukuk mahkemesinde herhangi bir yasal işlem başlatmakla yükümlü değildir.

Magzter, dijital okuyuculara aylık abonelik ücreti karşılığında 8.000'den fazla dergi ve gazeteye sınırsız erişim sağlayan Magzter GOLD adlı dünyanın en büyük All- You - Can - Read abonelik hizmetini sunuyor.Magzter ayrıca, akıllı telefon ve küçük ekranlı mobil kullanıcıların dergi içeriğinin keyfini çıkarması gerektiği gibi, makale metniyle keyfini çıkarmasını sağlayan, uygulamaları için ezber bozan ezRead 2.0 özelliği ile dünyadaki en fazla sayıda hikayeye sahiptir.okunması kolay ve buna çarpıcı videolar ve yüksek çözünürlüklü fotoğraflar eşlik ediyor.

İsim

İçeriğini Magzter'da yayınlamakla ilgili herhangi bir yardıma ihtiyacın varsa lütfen bu formu doldur

 Magzter'den önce Dot Com Infoway (DCI) ve Galatta Media'nın Başkanlığını yapmıştır. Görevleri arasında stratejik pazarlama, ortaklık geliştirme ve küresel olarak içerikten para kazanma yer alıyordu. DCI, 2000'de 3 kişilik küçük bir ekipten 2011'de 300'e yükseldi ve dünya çapındaki müşterileri için web, yazılım ve uygulama geliştirme ile ilgileniyordu.

Hizmetimizi başlattığımızdan beri Magzter, müşterilerimize mümkün olan en yüksek gazete bayii teknolojisini ve hizmetini sunmak için kendini küresel kuruluşlarla ortak olmaya adadı. İster müşteri veritabanınıza dergi aboneliği sunma amacını güdün ya da isterse sadece daha fazla öğrenmeyi amaçlayın, Magzter kendisini ticaretinizin büyümesine yardım etmek için adadı. Daha fazla öğrenmek için lütfen aşağıdaki soru formunu doldur:

{{trialPackText}} İÇİN ÜCRETSİZ DENE

 Orijinal DMCA Bildirimini gönderen taraf, Karşı Bildiriminizin kopyasını aldıktan sonra on iş günü içinde size karşı bir dava açmazsa, DMCA, kaldırılan içeriği geri yüklememize izin verir.

Bu Politika, Şirketin kişisel olarak tanımlanabilir bilgileri(“Kişisel Bilgiler“) ve siz ve Hizmete eriştiğinizde Şirketin topladığı bilgisayarınız veya cihazınız hakkında diğer bilgileri nasıl ele aldığını kapsar.Aşağıda daha ayrıntılı olarak açıklandığı şekilde sizden Kişisel Bilgiler toplayabiliriz ve bu Kişisel Bilgileri, ürünlerimizi, hizmetlerimizi, içeriğimizi ve reklamlarımızı kişiselleştirmek, sağlamak ve iyileştirmek ve size izin vermek de dahil olmak üzere Hizmetlerimizle bağlantılı olarak dahili olarak kullanırız.kullanıcı hesabı ve profili oluşturmak, sizinle iletişime geçmek, belirli ürün ve hizmetlere yönelik taleplerinizi yerine getirmek ve Hizmetleri nasıl kullandığınızı analiz etmek.Belirli durumlarda, bazı Kişisel Bilgileri üçüncü taraflarla da paylaşabiliriz, ancak yalnızca 4. maddede açıklandığı şekilde.

Bu başlık, Magzter GOLD aboneliğinize dahildir

 İçeriğin kalitesini analiz etmek ve yayıncılara uygun geri bildirim sağlamak

 Sakıncalı içerikle ilgili şikayetleri ele almak için bir Şikayet Görevlisi görevlendirdik.

 Sakıncalı içerikle ilgili herhangi bir şikayetin, yukarıda belirtilen e-posta adresine e-posta yoluyla Şikayet Görevlisine gönderilmesini talep ediyoruz. Şikayette bulunurken aşağıdaki bilgileri de vermenizi rica ederiz.

ve size çeşitli dergi, kitap, haber ve dergi ve yayınla ilgili içeriği (toplu olarak 'Yayınlar' olarak bilinir) sipariş etme, abone olma ve teslimatını alma ve Yayınların bu dijital sürümlerinin size teslim edilmesini sağlayan Uygulama

C.Kişiselleştirilmiş önerilerde bulunmak için uygulamayı kullanımınızla ilgili bilgileri de topluyoruz.Üçüncü taraf hesap kimlik bilgilerinizi bize sağlarsanız, bu tür aktarımlara izin verirseniz, bu hesaplardaki bazı içerik ve / veya bilgilerin(“Üçüncü Taraf Hesap Bilgileri“) bizimle olan hesabınıza aktarılabileceğini ve bu Üçüncü Taraf Hesabını anlamış olursunuz.Hizmete iletilen bilgiler bu Politika kapsamındadır.

 F. Topladığımız Kişisel Bilgiler, isteklerinize yanıt vermemize, ürünlerimizi ve hizmetlerimizi iyileştirmemize, gördüğünüz reklamları ve içeriği özelleştirmemize ve sizinle yeni ürünler hakkında iletişim kurmamıza olanak tanır.

kurulduğu 2011'den bu yana 85 milyondan fazla kullanıcısı ve 40'tan fazla kategoride ve 60'tan fazla dilde binlerce dergi ve gazeteyle dünyanın en büyük ve en hızlı büyüyen self servis, platformlar arası dijital gazete bayisidir. Merkezi New York'ta bulunan Magzter'in Amsterdam, Londra, Mexico City, Chennai, Mumbai, Yeni Delhi, Bengaluru, Singapur'da yerel varlığı bulunmaktadır ve yakında diğer ülkelere de yayılacaktır. Haziran 2011'de küresel girişimciler Girish Ramdas ve Vijay Radhakrishnan tarafından kurulan Magzter, dünyanın dört bir yanındaki dergi ve gazete yayıncılarının kitaplarının dijital baskılarını oluşturup küresel tüketicilere ulaştırmasına olanak tanıyor.

 N. Kullanıcıların Kullanım Koşullarımıza uymasını sağlamak için kullanım bilgilerini de kullanacağız. Örneğin, bir kullanıcının kullanım bilgileri, bir kullanıcının bir dergiyi veya başka bir içeriği yalnızca izin verilen sayıda veya izin verilen sayıda cihaza indirdiğini doğrulamamıza yardımcı olur.

 dijital okuyuculara aylık abonelik ücreti karşılığında 8.000'den fazla dergi ve gazeteye sınırsız erişim sağlar. Magzter ayrıca, akıllı telefon ve küçük ekranlı mobil kullanıcıların dergi içeriğinin keyfini çıkarması gerektiği gibi, makale metniyle keyfini çıkarmasını sağlayan, uygulamaları için ezber bozan ezRead 2.0 özelliği ile dünyadaki en fazla sayıda hikayeye sahiptir. okunması kolay ve buna çarpıcı videolar ve yüksek çözünürlüklü fotoğraflar eşlik ediyor.

BW Businessworld - August 25 , 2014

BW Businessworld - August 25 , 2014

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