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Gautam Adani the fighter: Behind the billionaire's...

Cut to August 2023, and Adani appears to be succeeding in getting his beleaguered group out of the crisis. While a Securities...

Tax bites: How changes to these tax provisions can affect funding flow to India's start-ups

Many management courses exist, but those of value are very less; here's what's happening

Why B-schools must promote gender equality

COVER STORY

Gautam Adani's big comeback: How the billionaire is rebuilding Adani Group after the Hindenburg crisis

Deep Dive

The government's decision to increase the tax collected at source on some foreign payments, including tour packages, to 20 per cent has caused concern. But here are some hacks that can ensure that the hit isn't too steep

Here’s how you can reduce the TCS hit on your foreign trip

Tata Play is counting on its OTT aggregation platform Binge to bolster its falling numbers. But it'll be a while before the new kid in town can stop the company from bleeding

Tata Play, the new entrant in the OTT space: Can the company take on its well-established rivals?

Sales of painkillers have seen double-digit growth over the past two years after stagnating during Covid-19. Will the strong run continue?

Painkillers have logged double-digit growth in the past 2 years; will the rally continue?

Despite the recent announcement of a new enabling policy, the Indian Space Technology ecosystem may require further intervention to conquer new frontiers

Ready for lift-off: Why India's space tech ecosystem will require more govt interventions

While increasing adoption of the cloud has helped businesses function efficiently, it has also provided a window to bad actors to exploit vulnerabilities in these systems for financial gain

The dark side of the cloud: How cloud is becoming prey to sophisticated forms of cyber attack

'Adani Group shouldn't deleverage too much, time to go full throttle,' says Rajiv Jain of GQG Partners

Rajiv Jain, Chairman and CIO of GQG Partners, reveals the thinking behind investing in the Adani Group

Anand Adhikari

Animal Spirits

Stock market investors needn't panic at the BJP's setback in the Karnataka polls; but they shouldn't be too complacent either and take 2024 as a done deal

Animal Spirits: Stock markets should not assume 2024 elections is a done deal, explains Udayan Mukherjee Udayan Mukherjee

The four iconic business leaders have their own leadership models, but patience and perseverance are common

Guru Mantras: Lessons in leadership from Tata’s Chandrasekaran, Narayana Murthy, Nilekani and Ajay Piramal Sourav Majumdar

Breaking free from the Sequoia mothership, Peak XV Partners embarks on a solo voyage in familiar but treacherous waters

Unshackled: After breaking free from Sequoia, can Peak XV double down on the India story? Binu Paul

Aug 20, 2023

The Making of Adani 2.0

Ever since the scathing report from US-based short-seller Hindenburg Research knocked around $100 billion off the Adani Group’ market capitalisation, Chairman and Founder Gautam Adani has been on a mission to pull his beleaguered group out of the crisis. While the challenges persist, Adani seems to be succeeding against the odds. But will the group be able to balance its growth ambitions with its capex plans, even as it deleverages key companies and cleans up their balance sheets? Find out in the latest issue of BT. Plus, Nick Clegg, Meta’s Head of Global Affairs, talks about the importance of AI, regulations and more. Also find out how the leaders of the ride-hailing industry are faring against upstart competitors, which are disrupting the space. All this and more in the latest issue of BT. On stands now

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CURRIED

THE RECENT SPIKE IN THE PRICES OF CERTAIN VEGETABLES AND SPICES HAS SHAKEN KITCHEN BUDGETS ACROSS HOUSEHOLDS. HERE’S A LOOK AT WHAT COSTS HOW MUCH

4.9%: Food inflation in June 2023, compared with less than 3 per cent in May, thanks to the uneven march of the monsoon
375%: The surge in the retail price of tomatoes to `122 per kg in 2023. The increase was 250 per cent from a year ago
193%: Increase in garlic prices on a year-to-date (YTD) basis to `8,499 per quintal; ginger prices also jumped 188 per cent YTD

A Bharat Petroleum Corporation oil refinery in Mumbai’s Mahul

CRUDE CALCULUS

THE RECENT SOFTENING OF GLOBAL CRUDE OIL PRICES IS EXPECTED TO NARROW INDIA’S TRADE DEFICIT, OF WHICH OIL ACCOUNTED FOR 42.5 PER CENT (OR RS 9 LAKH CRORE) IN FY23. A LOOK AT THE KEY NUMBERS

39 PER CENT: The decline in Brent crude oil prices in the past year—from $122.7 a barrel in June 2022 to $75.1 in June 2023
222.3 MILLION TONNES: The total consumption of petroleum products in the country in FY23, up 10 per cent from 201.7 million tonnes in FY22
RS 16.8 LAKH CRORE: The value of imported crude and petroleum products in FY23, which is 29 per cent of India’s total imports of Rs 57.3 lakh crore

In the aftermath of Cyclone Biparjoy, a bulldozer removes fallen trees to clear a road in Kutch, Gujarat (Photo by GETTY IMAGES)

PUMMELLED

AS CLIMATE CHANGE COMES TO A HEAD, ITS EFFECTS ARE GETTING MORE PRONOUNCED. CYCLONE BIPARJOY, THE LATEST EXTREME WEATHER EVENT WITNESSED BY INDIA IN JUNE, WREAKED HAVOC ON THE WESTERN COAST

2,227: Human casualties in India due to extreme weather events in 2022, compared to 1,750 in 2021; more than 2.5 million people were also displaced due to natural disasters
5.4 PER CENT: Impact of extreme heat conditions on India’s gross domestic product in 2021, amounting to $159 billion
Rs 2,559 CRORE: Total insurance claims raised in the country due to damages suffered from natural disasters in FY21

THE NEW TEMPLE OF DEMOCRACY

ON MAY 28, PM NARENDRA MODI INAUGURATED INDIA’S NEW PARLIAMENT BUILDING THAT HAS A TOTAL FLOOR SPACE OF 64,500 SQ. FT

Rs 971CRORE: The cost of the new Parliament complex, which has a total of 1,272 seats in two chambers, nearly 500 more than the old building
2.3 MILLION+ MAN DAYS: The employment generated by the construction of the new building that took two and a half years to build
30 PER CENT: Expected energy savings in the new Parliament—built using green techniques— compared to the old one

MANGO NATION

WITH SUMMER REACHING ITS PEAK, MANGO FEVER HAS GRIPPED INDIA—THE FRUIT’S BIGGEST PRODUCER AND CONSUMER. HERE’S WHAT THE NUMBERS SAY

Rs 6,450 PER QUINTAL: Average price of mangoes in FY23, 90 per cent higher than the price 10 years ago
30 PER CENT: The rise in mango production in the past 10 years to 21.01 million tonnes in FY22
Rs 307.76 CRORE: Worth of mangoes India exported in FY22 to the top 10 destinations, compared with Rs 264 crore a year ago

Rise of P2P lending platforms: Why users need to exercise caution before diving into it

Peer-to-peer (P2P) lending platforms have gained in popularity by enticing users with annual returns as high as 12 per cent. But investors need to exercise caution before diving headlong into this to avoid unpleasant surprises