A diversity can often open up new avenues. For Mahindra & Mahindra Financial Services, it might have just opened up new revenue streams. In the first half of 2019-20, the liquidity crisis hovering over the non-banking finance companies (NBFCs) in India reached the doorsteps of M&M Financial. The NBFC arm of automobile major M&M Group … Read more From farm to home, M&M Financial is doubling down on digital sales
India’s gross domestic product (GDP) growth has dropped to 4.5% in the July-September quarter of 2019-20, a free fall from the government’s ambitious call for a double-digit growth not so long ago. Propelling India into a $5 trillion economic behemoth by 2024-2025 also seems implausible now. The fall has been sudden although not entirely unexpected. … Read more Severe slowdown: When will the Indian economy recover and how?
Recently, scientist Gagandeep Kang had to forcefully remind a room full of senior colleagues — all men — that she was the chair and that they should speak only when their turn comes. “They hijack the conversation because they don’t respect you. This kind of thing happens all the time, and you become so inured … Read more Nine women scientists who are doing phenomenal work
A smartphone is the computing device those entering the workforce today are most familiar with. Only when they start working from an office, in sectors such as banking, insurance, technology, manufacturing or healthcare, do they encounter the computer from their daddy’s era – the desktop. A big monitor that sits at the centre of their … Read more Why rumours about the death of desktop are exaggerated
Generational shift plays out in multiple ways. In 2017, Mumbai-based Ajit Singh Ahluwalia, 34, saw it in his father’s eyes. “Really? You don’t have to pay anything for it and it works?” Ahluwalia senior was in disbelief as he asked his son, the managing director of Surindra Engineering, a Rs 200 crore company which is … Read more How smart MSMEs are harnessing digital wave to come out of twin shocks of GST and note ban
“Nobody has ever asked us about this cohort before,” says Snehil Khanor, cofounder & CEO of dating app TrulyMadly, when approached with a query on users in their 50s and beyond on his app. His reaction is justifiable. By industry estimates, the 50-plus form less than 1% of the user base of any leading dating … Read more Single people in their 50s open up to the idea of using dating apps
Three meetings, two hotels, one city. These were crucial to an eight-month-long investigation by the Competition Commission of India (CCI) in 2010 and 2011 to expose a cartel in India’s cement industry, which resulted in a penalty of Rs 6,317 crore, the regulator’s highest in a single case to date. The CCI has since carried … Read more Can CCI be more agile like its EU and US counterparts at least in disposing of cases?
In what can only be called a requiem to the suit, journalist Richard Godwin laments the death of smart dressing in an article in The Guardian, “The new workwear: has the Suit Finally Died?” Now a freelancer, Godwin admits he was once a proud wearer of suits and hoarder of ties. But that has stopped, … Read more Suits ain’t in vogue anymore: Millennials match light denims with blazers as work wear
Record-keeping by hand is back at this “automated” fair price shop in Bangur, a dense Kolkata suburb, ever since its electronic point-of-sale (ePoS) machine broke down and had to be sent for repair. Keeping an eye on the weighing scale while giving beneficiaries their quotas of gom (wheat) and chaal (rice), Lakshmi Kant Aich, who … Read more One nation, one ration card: Inside food ministry’s ambitious scheme to make ration cards portable
In the 1990s, Ajay Bijli, chairman of PVR Ltd, kicked off India’s multiplex revolution with PVR Anupam in Delhi. Many setbacks and three big acquisitions later, PVR Cinemas is now India’s largest movie exhibitor, selling 112 million tickets annually. In an interview with Malini Goyal, Bijli talks about his journey, the world of cinema and … Read more Theatrical release still brings in over 60% of money a movie makes: Ajay Bijli, PVR
In uncertain times, sharing rather than owning makes for a compelling proposition. Why buy a house or a car, or furniture or home appliances, or even classy clothes when you can rent them? The idea also fits into a millennial’s way of life — spend more on experiences, like travel, rather than be tied down … Read more The sharing and renting economy sees a bloom amidst the slowdown
New Delhi: Operations at the Kolkata airport, the busiest in eastern India, will be suspended for 12 hours beginning 6 PM on Saturday due to severe cyclone ‘Bulbul’, Home Ministry officials said. The severe cyclone is expected to make a landfall on the West Bengal coast this evening. “Due to very severe cyclone ‘Bulbul’, operations … Read more Operations at Kolkata airport suspended for 12 hours due to cyclone ‘Bulbul’