Business Today

Cover story | June 7, 2015

Can Kishore Biyani beat rivals with his new plans?

Can Kishore Biyani beat rivals with his new plans?

The reborn Future group is banking on two big breaks from the past: one, it will depend heavily on white-label FMCG to offer the cheapest and best groceries in its shops. Second, to allow customers to shop from anywhere and take deliveries anywhere as well.

Nobody buys everything online: Kishore Biyani

Probably 60 to 70 per cent online business is from three-four cities. We operate in 244 cities. I don't know if there is a comparison at all, says Future Group CEO Kishore Biyani. 

Editor's Note


The Future of Future

Kishore Biyani is now embarking on an ambitious omni-channel strategy that he hopes will allow him to fight his online rivals better.

Policy Watch


'No mechanism to monitor children working at home'

Minister of State for Labour and Employment Bandaru Dattatreya speaks with Business Today on the government's plans to combat child labour, given the blurring lines between 'helping' the family at home and 'working' and mechanisms to monitor it.



Book review: The Business of Belief by Tom Asacker

The Business of Belief is an impactful book on beliefs not just for business people, but for everyone.

'How the AAP's incredible victory has redefined Indian elections'

Both Ashutosh's and Saba Naqvi's books on the Aam Aadmi Party experiment - while riveting - suffer from being too close to the subject, writes Sandip Ghose.



Newsmakers: J Jayalalithaa, Nikesh Arora, KV Kamath and more

She is the ultimate comeback heroine. Whenever political pundits have written her off, Jayalalithaa Jayaraman has managed to bounce back from the brink.

Leadership Spotlight


DDB Mudra Group is a work in progress: CEO

DDB Mudra Group's CEO and MD Madhukar Kamat talks about his company's transformation from an Ahmedabad-based advertising agency to a globally aligned communications company.



Social media is changing the way we travel

This rise of a tribe of travellers who document their journeys every inch of the way on social media is set to impact the travel economy in a big way.

Debate: Is an independent PDMA needed?

Shankar Raman, Larsen & Toubro CFO and Aditya Birla Group's Chief Economist Ajit Ranade debate on whether India needs an independent Public Debt Management Agency.



Wind energy sector is flying high again

With the accelerated depreciation tax benefit and generation-based incentives restored, the wind energy sector is flying high again.

Impact investment funds are on the rise in India

These firms provide money to social entrepreneurs who, with their projects, meet the critical needs of people.

How child labour is being kept under wraps in India

Cut to Kailash Nagar in East Delhi where some 50,000 children are engaged in thread cutting of jeans. They get 40 paisa per piece for thread cutting and 75 paisa for packing. These children don't work in any factory or production unit, neither do they go to fetch work.



Four steps to reboot reactive talent agendas

Talent is the scarcest resource in business and it's time to invest in the talent economy for growth. Here are four steps to reboot reactive talent agendas.


Letters to the Editor

Business Today readers share their feedback on the magazine's coverage.



Ronnie Screwvala takes a shot at new businesses

Post-UTV, the entrepreneur wants to be a team player.

The mind of CEO Rahul Yadav

The 26-year-old, in a matter of weeks, fought a public battle with a venture fund and a media house, sent his resignation to the board and then pulled it back.



BlackBerry's Leap is a mix of its old devices

Overall, the phones performance is good. But not everything is great.

Review: Aeroguard Clean Air Glo indoor air purifier

The Clean Air Glo has a compact size and is affordable at Rs 1,390 but works well in small areas only.

Xiaomi Mi Band or Goqii: Which one to buy?

Buying a fitness band will be based on your individual needs. Here's a sneak peak into Xiaomi Mi Band and Goqii. Take your pick.



IPO market struggles to sustain euphoria of BSE

The primary market's shortcomings remain, despite the runaway success of VRL Logistics and Inox Wind's IPOs.



India Inc is losing appetite to invest overseas

India Inc's overseas investment fell to a 10-year low in 2014/15, a sharp drop from the heady years of 2008/09 when companies were aggressively pursuing global ambitions.

Why oil price hike may not hit FM Jaitley's budget

What is a bit more worrying, though manageable, is the rise in the import bill. India imported crude oil worth $138 billion in 2014/15. If this figure rises, trade and current account deficits will widen, pressuring the rupee.

Markets may be volatile in short to medium term

The key triggers for the market in coming months are the monsoon, the RBI's monetary policy, April-June corporate earnings and important bills pending in Parliament including on GST and land acquisition.

Is the RTI Act being made dysfunctional?

Eternal vigilance is the price for democracy. We have a very useful tool to make our democracy meaningful and effective. It will work if we struggle to ensure its health, writes Shailesh Gandhi, former Central Information Commissioner.



Newsmakers and events to know of this fortnight

Featuring: Narendra Modi's China visit, Takata airbag recall and more.

LBS Case Study


How TOMS Shoes makes profit from a cause

US-based TOMS Shoes gives away one shoe to a poor child for free, for every shoe it sells. This case study looks at how TOMS Shoes has made the cause contribute to its revenues.

Money Today

NPS has miles to go before it succeeds

The National Pension System (NPS) is a low-cost, tax-efficient retirement savings product. Its fund management charges are as low as 0.01 per cent - much lower than mutual funds.

Tips to check if a builder can be trusted or not

While builders give a whole long list of reasons for these delays, in the end the burden is borne by buyers. So, it's up to them to do due diligence before buying.

Be cautious of real estate discount schemes

Calculate the discount as a percentage of the cost. Only if the discount is significant should you go for it.

People like playing it safe, says PFRDA Chairman

Hemant G. Contractor, Chairman, PFRDA, talks to Money Today about making the National Pension System more attractive, among other things.

Gold's status as preferred investment option falls

The recovery in the US economy, a strengthening dollar and surging equity markets weighed on gold, resulting in a sharp drop of 18 per cent in the yellow metal prices between September 2013 and March 2015.

It's the right time to buy a house; bargain hard

Experts say it is the right time for end users to get into the market as buyers may get a good deal due to low demand.

Investment returns likely to be muted in 2015

As the euphoria of the Modi government taking over subsides, investment returns are likely to be muted in 2015. Asset allocation premised on riding the next wave in a not-too-distant future is the key.