It was a happy moment for four young engineers from NIT Calicut when their design for a shower and commode wheelchair won the top prize at the 'Design for Disabled' competition sponsored by the Kozhikode-based NGO Pain and Palliative Care Society (PPCS). Funded in part by PPCS and the NIT, the team ... (Publication: Business Today)
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Wheeling in a New Life
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Turnaround Success
Indian IT services industry grew 8.7 per cent in the financial year 2016/17, the slowest in more than a decade. However, a little-known firm based in Bengaluru reported a top-line growth of 29 per cent. It was not a mere case of the revenue base being smaller although that played a role.Sonata ... (Publication: Business Today)
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The Rice March
For GRM Overseas Ltd, a public-listed basmati rice exporter based in Panipat, Haryana, the first quarter of the financial year 2017/18 has been exceptionally good. Its net revenue has increased nearly four times to `334.7 crore during April-June compared to `85 crore in the year-ago period.The ... (Publication: Business Today)
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Upfront
QuoteI will sell my own house and pay everybody. I want to settle with everyoneUnitech Ltd promoter Sanjay Chandra's lawyer tells a court on his behalf. Chandra is in jail in a cheating case filed by investors in a Gurgaon real estate project9.4 millionThe number of weekly trips by Uber in July in ... (Publication: Business Today)
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"Feedback, Flexibility Driving India's Big Reforms"
He dons many hats - that of an economist, a historian, a best-selling writer and an urban theorist. However, as the Principal Economic Advisor, Sanjeev Sanyal is in the thick of major economic reforms being carried out by the government. In a conversation with Dipak Mondal and Joe C Mathew, Sanyal ... (Publication: Business Today)
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People Business
The Battle ContinuesThe chairman of Tata Sons, N. Chandrasekaran, has sent a letter to group companies, including Tata Power, Tata Chemicals and Tata Motors, asking them to discontinue all business dealings with the Shapoorji Pallonji Group. It seems the tussle between Cyrus Mistry and the Tata ... (Publication: Business Today)
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The Crackdown
The Securities and Exchange Board of India's (SEBI) directive issued on August 7, 2017, to domestic bourses to initiate action against 331 companies suspecting them to be 'shell' companies, thus banning them from regular trading overnight, has investors rankled.On, August 14, 2017, the stock of J ... (Publication: Business Today)
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The Fizzy Fruit Play
For Manpasand Beverages founder Dhirendra Singh, adding manufacturing muscle to the Rs700 crore Indian beverages company is not a big deal. He has built two plants in the middle of an industrial zone in Vadodara, Gujarat, in the last 12 years. The third will be completed next year, a part of a ... (Publication: Business Today)
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A Board Seat
Can small shareholders, who hold shares worth less than Rs 20,000, earn a board seat and have a say in the running of listed companies? A section of minority shareholders of India's oldest drug company, Alembic Ltd, has raised this question in an unprecedented move in India's corporate sector.A ... (Publication: Business Today)
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Coming Full Circle
Jayant Mhaiskar is busy making last-minute preparations for a meeting in Delhi, which he proudly says is now his karma bhoomi. The reason is simple: his company, MEP Infrastructure Developers, has entered road construction, after years of being a toll operator, mostly in and around Mumbai. And ... (Publication: Business Today)
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The Journey So Far
In May 2014, when PM Modi took over the reins of the country to form the first full majority non-Congress government, expectations were rife. He set out to do many things right. These include restoring several strangulated infrastructure projects, rejuvenating the interests of private investors, ... (Publication: Business Today)
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Paying the Price
The exit of NITI Aayog Vice Chairman Arvind Panagariya may have surprised many, but the writing had been on the wall for a while. Although Panagariya, a free market economist, said the Columbia University is not willing to extend his leave, he could not meet expectations of people who matter, ... (Publication: Business Today)
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Finding the Right Mix
Small developers have been knocking on the doors of Anita Arjundas, Managing Director of Mahindra Lifespace Developers (MLDL), with proposals for either jointly developing a project or selling their property to her. "There has been an increase in joint development and joint venture enquiries in ... (Publication: Business Today)
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Investors' Burden
Promoters of BSE 500 companies have pledged 1,741 crore shares in the first quarter (April-June) of the financial year 2017/18, up from 1,608 crore in the year-ago period. At the time of our analysis, 485 companies have declared their share-pledging data.Shares can be pledged by a promoter to raise ... (Publication: Business Today)
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"Never Be Detached from the Ground Staff"
Q. What were the learnings while transitioning from microfinance to formal banking?It is good to anticipate possible challenges before they hit you. That will give you time to prepare and deal with challenges. Linked to this is the ability to understand ground realities and keeping in touch with ... (Publication: Business Today)
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Life beyond Cola
Under its new President, T. Krishnakumar, Coca-Cola India has its task cut out. It wants to shed its image as just a cola company and become a brand for all types of beverages. This is part of a global strategy charted out by new global CEO James Quincey.A predominantly beverage company, unlike ... (Publication: Business Today)
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Prioritising Safety
Earlier this year, Bharat Rasayan Ltd (BRL), a Delhi-based agrochemical company, added a herbicide concentrate called chlorimuron ethyl to its product portfolio. The patent protection on the herbicide had expired, and BRL was one of the early birds to sense the market opportunity that the generic ... (Publication: Business Today)
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Good versus Ugly
Layoffs hurt. They hurt even more when companies do it paying scant attention to the financial and emotional trauma that a job loss is bound to cause. They also spark furious backlashes, hurting the corporate brand and resulting in a catastrophic loss of trust. A case in point could be Tech ... (Publication: Business Today)
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What Next for Infosys? with No Clear Successor to Vishal Sikka, Infosys Is in Major Crisis
It's a bromance gone awry. An internecine feud involving whistle-blower complaints, allegations of financial malpractice, abdication of fiduciary responsibilities, a patriarch who refuses to quietly walk away into the sunset, a divided board, external and internal turmoil, executive exits, angry ... (Publication: Business Today)
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Reading between the Numbers
On Independence Day, when Prime Minister Narendra Modi rattled off numbers citing a sharp increase in the number of taxpayers filing income tax returns, and attributed the same to demonetisation. The estimates raised quite a few eyebrows.He said that 56 lakh returns were filed this year from April ... (Publication: Business Today)
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