Who else will take on the might of Microsoft, Google, and Amazon if not the Adanis, Ambanis, Birlas, or Tatas?, asks R Jagannathan.
Using brand names of parent companies will help these firms connect with new customers.
NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
VCs have been especially bullish about India.
Intensifying their attack on Tatas on the issue of stakeholding in joint venture Idea, Birlas shot off yet another letter to the government alleging that the former had not disclosed acquisition of AWS of Mauritius in the venture.
Rahul Gandhi arrives in Kashmir Valley on Thursday on a two-day visit, bringing along a strong business delegation that will include Ratan Tata and Kumar Manglam Birla, to a state seeking more investments.
Agencies had earlier prepared a list of about 37 industrialists, whom they considered vulnerable, but later pruned it to 25 and submitted it to the home ministry last week.
While the Tatas are looking for PE deals of about $50 million or less, the A V Birla Group is eyeing deals worth not more than $25 million. Tata Capital is banking on its ability to source deals by exploiting the existing Tata ecosystem of suppliers and customers. The Birla group, which has committed 40 per cent of the $250-million corpus it planned to raise for its PE fund, is looking to leverage its strength to source and evaluate deals.
The National Election Watch has said that several companies make political donations, which makes it necessary to probe if the donations have led to any favours. Vicky Nanjappa reports.
The government on Friday said it was examining the issue of shareholding in Idea Cellular raised by Aditya Birla Group and a rejoinder submitted by Tatas.
Out of the 192 mining leases of iron and manganese ores in Odisha, 94 do not have environment clearance.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
'When resources are few; when frugality demands repairing a broken thing rather than replacing it with a brand new and expensive option, enterprising commoners in rural and urban India improvise on a daily basis and solve their problems with whatever they have,' observes Shivanand Kanavi.
The spread of the Omicron variant of the coronavirus has made Indian companies persist with their policy of banning overseas trips and allowing only essential travel within India. The IT services firms, which had planned to ask their employees to return to the workplace, are also waiting and watching the Covid-19 situation before fully opening up their offices. Large conglomerates like the Tatas, Birla, JSW and Reliance are continuing with the mandatory social distancing and masking policies within their office premises.
The original big boys (Tata, Birla, Ambani) were not the stars of the decade.
Stiff requirements on branch placement and liquidity make for an arduous path to profitability and scale.
This comes at a time when most homegrown companies have been venturing abroad, making acquisitions and organically growing their businesses.
This 75-year-old hallowed store in Mumbai supplies shoes to Amitabh Bachchan, Tatas, Birlas among others.
Family-owned companies like those of Tatas, Birlas and Ambanis are dominating the country's corporate landscape, but still face challenges regarding corporate governance norms such as appointment of successors and transparency in functioning, rating agency Moody's said. However, these companies have responded well to opportunities available in the fast-growing and liberalizing economy, according to a joint survey by Moody's Investors Service and its domestic associate.
Household names such as Tatas, Birlas and Ambanis, on whom small investors banked with their eyes shut, proved no guarantee for the safety of investment in the market where cumulative wealth of all listed companies got eroded by over 50 per cent during the year. And analysts are predicting more troubled times ahead - at least till the first half of 2009.
The Tata Group and three other top business houses have joined hands with the Jharkhand government to ensure medical treatment to the state's below poverty line population.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
Close on the heels of acquiring Escotel in a deal valued at about Rs 1,150 crore (Rs 11.50 billion), Tata-Birla-AT&T-promoted Idea Cellular expects to conclude another acquisition of a regional player in 2004.
Idea Cellular Ltd, a three-way joint venture company between Tata, Birla and AT&T, has launched two new tariff schemes, Chitchat Flexi and Buzz99, for its new and existing customers.
Most of the hirings are, however, in the entry or junior level.
Modi targeted Congress's president-elect Rahul Gandhi, saying he was born with a "golden spoon" and has not seen poverty.
Corporate India will make their presence felt in big numbers in Bharatiya Janata Party's PM candidate Narendra Modi's rally at Mumbai's Bandra Kurla Complex on Sunday, reports Prasanna D Zore.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
He is talking, making sense, and India is listening. Rahul Gandhi needs to listen to him, too, says Shekhar Gupta.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
Foreign retail chains, reluctantly allowed limited entry, have begun to make their initial moves and, like Ikea, intend to spend big money -- sometimes in the billions of dollars.
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
Feel they can't run companies anymore but can be there as guides
Worried over the fallout of the Supreme Court's observations on allocation of coal blocks, India Inc wants the apex court to consider a reprieve for those allotted to genuine companies that have invested billions.
India's rising GDP may have propelled the middle class to become richer, buy new cars, travel around the world and build assets, but it further pushed the economically disadvantaged and poor into poverty and drudgery, says Devanik Saha.
Faces are important in India, because people connect with people, not concepts.
