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Cover story | March 27, 2016

Retired, Unhurt

Retired, Unhurt

What next for Vijay Mallya?

Can USL get its mojo back after Mallya's resignation?

The exit of Vijay Mallya has finally given Diageo true control over United Spirits, at a much higher cost than originally estimated.

Editor's Note

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The Budget and More

While Budgets can be really bad, no Budget in the past two decades has succeeded in being so good that it lifts the spirit of everyone uniformly.

People

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People Business

The Chairman of the $41-billion Aditya Birla Group, Kumar Mangalam Birla, recently entered into an agreement with Jaypee Group to acquire its 22.4 million tonnes of cement capacity assets.

Budget 2016-17: Can FM Arun Jaitley walk the talk?

Arun Jaitley has shown the right intent by focusing on the rural economy in his Budget, but appears to have failed to outline a clear roadmap for delivering on his promises.

Features

The Numbers Game

The Union Budget has over the years tried to give an impetus to the economy.

Budget paves way for global vulture funds entry

Vulture funds - or funds specifically focused on distressed assets - aren't new to India, having been in the country since 2000/01, but the regulatory hurdle of not being permitted to repatriate funds saw many lose interest.

Upfront

PepsiCo India will be associated with cricket, but may not return to IPL as title sponsor, says D. Sivakumar, PepsiCo India Chairman.

Calendar

Women's Empowerment Principles Annual Event to be held on March 15-16 in New York.

Facebook is weighing your reactions closely

For businesses, though, Reactions is a goldmine of user preferences and trend data. Now, on each post you make or via the page insights dashboard, you can see the breakdown of specific reactions of fans.

Budget will revive investor confidence: Expert

The industry normally views the Budget as a key policy document that goes beyond numbers, and underlines the future political and economic priorities.

Budget 2016: Need to catalyse rural sector

It was expected that the Union Budget this year will highlight issues relating to agriculture and rural sectors than on other sectors of the economy.

Budget plans for Bharat may prove to be tough ask

Sure enough, the government's intent to revive the ailing rural and agro sectors to prop up domestic economic growth hit the right chords with the pundits, but soon, serious doubts were raised over the Centre's ability to implement its plans.

"We have co-opted the disruptive tools in the delivery models"

WNS Global Services group CEO Keshav R. Murugesh explains to Rajeev Dubey why, despite similarities between BPM and IT services, never the twain shall meet.

'India is a more attractive healthcare mkt than China'

Vincent A. Forlenza, the Chairman, CEO and President of US-based Becton, Dickinson and Company (BD), talks on the evolving nature of the $20-billion medication management industry.

Budget: Will infra push spur private investment?

The budget's sharp focus on infrastructure has resulted in roads and railways getting the lion's share of roughly Rs 2.18 lakh cr, including Rs 19,000 cr for rural roads under PM Gram Sadak Yojna (PMGSY). This is approximately Rs 40,000 cr more than last year.

Despite low gold price, hope floats for jewellers

C.K. Venkataraman, CEO, Jewellery at Titan Ltd., the largest organised sector and listed player in the segment, believes that declining prices of gold is actually an opportunity and sales volume is likely to get a boost because of this trend.

Budget 2016

The finance minister appears to have done an admirable job with limited resources, but a closer reading of the revenue estimates and expenditure plans has experts worried.

A Guide to Gold

In this earnest book, the author presents a convincing case for gold by highlighting its historical, emotional, religious and economic significance.

Google India is 'Best Company to Work For'

Accenture and TCS came close in the 14th edition of the "Best Companies to Work For" survey, which recognised 25 winners from various industry sectors.

Reading the Tea Leaves

The Finance Commission's orders have led to a rise in the states' share of the Centre's revenue from 31 per cent in 2014/15 to 41 per cent in the 2016/17 Budget.

Letters

Letters to the Editor

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

Event

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Teeing Off in Tollygunge

CEOs come together over a game of golf at the Tollygunge Club in Kolkata.

Corporate

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Reality check: How Budget addressed realty woes

Action against developers puts focus back on the state of the realty sector. The new law and Budget proposals may provide a way out of the mess.

Go Live!

Spurred by new-age apps and hardware, live video broadcasting has become the new language to communicate.

Technology

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Zooming Ahead

Asus Zenfone Zoom may be the only smartphone in the market with a 3x optical zoom that is worth buying.

Focus

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Indian tyre makers allege dumping from China

While the charges being levelled against Indian tyres in the US are similar to those being raised against Chinese tyres in India, domestic companies fear their recent and forthcoming investments may be jeopardised by the Chinese onslaught.

Tax sops at IFSC could destabilise domestic mkt

FIIs are likely to migrate to IFSC because, besides the tax benefits, financial transactions there will happen in foreign currencies, eliminating their average loss of 5-6 per cent every year due to rupee depreciation.

Govt should focus on economy for quality labour

Skill India is a major part of the Prime Minister's Make in India programme, because without quality labour, one cannot make anything. The FM has set aside Rs 1,700 crore in the 2016/17 budget in order to set up 1,500 PMKVY Multi Skill Training Institutes around the country.

Govt to tax cross border digital transactions

The Centre's decision to levy tax on cross-border digital transactions will burden the small advertiser.

Digging into the Cesspool

Despite opacity around the use of funds, the Centre introduces two new cesses in Budget 2016.

BT More

Indian food, modern twist

Tashan, in the Greater Kailash 2, M Block market, is above all else, unpretentious. The food though is memorable and it is one of those restaurants that have a lot of heart in them.

Food review: Odeon Social, Connaught Place

The dum aloo which is a puff pastry stuffed with a spicy potato mix is a take on the humble aloo patty found across canteens in the country and failed to inspire.