Innholdsfortegnelse for 12 November 2023 i Business Today

No matter how large or successful a company is, it has to constantly map the competitive landscape and reinvent and reposition itself when needed. And so it is with the Gujarat Cooperative Milk Marketing Federation (GCMMF), which runs the iconic Amul brand of milk and milk products and has been synonymous with milk for decades. Today, the ₹55,000-crore GCMMF—which gets 96 per cent of its revenues from milk and milk products—is in the midst of a pivot, going beyond its core and staking claim for a chunk of the foods pie. With its massive farmer connect and mega distribution network already in place, Amul, under MD Jayen S. Mehta, is putting in place a strategy that involves cashing in on adjacencies and grabbing the opportunity in organic food products. Not…

On a busy day, about half a million people pass through New York’s Times Square, a big tourist attraction known for its innovative advertising and digital billboards. On Sunday, October 8, a campaign titled ‘Be More Milk’ went live there. Targeted at youngsters, this 15-second message has been playing out 20 times an hour and 480 times daily. What’s cool is that it is an initiative run by Amul, one of India’s most well-known brands. The Amul advertisement is at the Nasdaq MarketSite. It will run for four weeks and is expected to strengthen the base of the Indian dairy major’s journey into foreign markets, although it pushes the cause of milk more than of Amul. The dairy major wants to go beyond the Indian diaspora. And it has the…

In January, R.S. Sodhi stepped down as MD of Gujarat Cooperative Milk Marketing Federation (GCMMF). It was a development that evoked interesting reactions. Sodhi had been at the helm of affairs since 2010. A product of the first batch of the Institute of Rural Management, Anand (Irma), he joined Amul right after graduating in 1982. It then had revenues of just ₹121 crore. When he was given the top job (he was then Chief General Manager, a position created for the first time), it was a ₹8,000-crore organisation. Under his leadership, Amul embarked on an aggressive growth path. Sodhi’s appointment in 2010 was for a five-year period and in 2015, it was renewed. Once that ended in December 2020, Amul’s board had given him an extension and said this would…

MARRED BY STALLED PROJECTS AND ROGUE DEVELOPERS EARLIER, THE DELHI-NCR REALTY MARKET IS BOUNCING BACK POST COVID-19 AS THE PANDEMIC BEGAN RECEDING IN 2021, NEW LAUNCHES AND SALES HAVE SCALED TO PRE-2015 LEVELS DEVELOPERS AND EXPERTS CREDIT MASSIVE INFRASTRUCTURE DEVELOPMENT AND STRINGENT REGULATIONS FOR THE RECOVERY NOIDA AND GREATER NOIDA ARE TURNING INTO MAJOR RESIDENTIAL HUBS DUE TO PROJECTS LIKE THE JEWAR AIRPORT HIGH DEMAND FOR MID-INCOME AND PREMIUM HOMES HAS LED TO A FALL IN THE NUMBER OF UNSOLD HOMES OVER THE PAST TWO YEARS…

ONE OF THE takeaways of India’s G20 presidency has been the call to reform multilateral development banks (MDBs). This was led by a G20 expert group headed by former US treasury secretary Lawrence Summers, President Emeritus of Harvard University; and N.K. Singh, former chairman of the 15th Finance Commission and President of the Institute of Economic Growth. In an interaction with Business Today, the Co-conveners shed light on the need for reforms and the way ahead. Edited excerpts: Professor Summers, you recently said the world is on fire, and linked it to MDB reforms. What led you to this conclusion? LS: There are two parts to it. The first is the degree of global challenge we face right now—millions of square miles of land were destroyed in fires this past…

The G20 New Delhi Leaders’ Declaration promises strong, sustainable, balanced and inclusive growth WHEN INDIA ASSUMED the G20 presidency in December last year, Prime Minister Narendra Modi promised an inclusive, ambitious, action-oriented, and decisive presidency. In January 2023, during the Voice of the Global South Summit, he said India’s presidency would reflect the voice and concerns of the Global South. And India has delivered on those promises. The G20 New Delhi Leaders’ Declaration (NDLD) promises strong, sustainable, balanced and inclusive growth, recognising the importance of private enterprises—especially micro, small and medium enterprises and start-ups—in driving innovation and employment. The declaration, adopted with full consensus, is a joint statement to the world from the leaders of the member nations. Policies to support trade and investment and reform the WTO are areas…

EMISSIONS BY SEGMENTS 88.4 ENERGY (ELECTRICITY AND FUEL COMBUSTION ACTIVITIES) 5.8 MOBILITY (AIR TRAVEL, LOGISTICS AND FREIGHT) 2.1 SERVICES (SPECTATOR ACCOMMODATION) 3.1 MATERIALS 0.1 WASTE 0.1 WATER 0.4 OTHERS CONTRIBUTION IN PER CENT SOURCE SCHNEIDER ELECTRIC EMISSIONS BY STAKEHOLDERS 88.2 SPECTATOR OPERATION–TV 2.8 SPECTATOR OPERATION–STADIUM 3.1 STATE ASSOCIATION (STADIUM CONSTRUCTION) 0.5 IPL SPONSORS 3.3 FRANCHISE (HOSPITALITY AND TRANSPORTATION) 2.1 OTHERS ▸ Electricity use at the consumer end is the biggest contributor of energy-related emissions ▸ Watching a match via terrestrial networks uses 9.1 Wh of energy per hour, per Deloitte A three-pillar approach can be taken to decarbonise the tournament—strategise, digitise, and decarbonise—say experts. This could include measures like reducing the use of electricity, fuel, water, etc.…

1 His on-screen charisma is built on unique styles and punchlines, man-on-the-street looks and down-to-earth real-life persona 2 His films pull crowds across age groups, including children. This translates into more business for everybody from the producer to distributor to exhibitor 3 He has a strong overseas market in the US, Russia, Malaysia and Singapore where there is a sizeable Tamil diaspora. Plus, a strong following in Japan 4 Finally, his brand is built on scarcity, where he doesn’t appear in commercials or TV interviews. He can only be viewed on the big screen…

What was the problem you were grappling with? In 2020, the Covid-19 pandemic drastically altered the workspace at L&T Technology Services (LTTS). Our common purpose of working together on complex engineering projects was threatened. Our engineering teams were separated when the R&D environment became inaccessible. Physical closeness across verticals and teams ended, and we knew we needed to completely rethink working paradigms. The demographic transition, with older engineers departing and newer ones joining, compounded the problem. Whom did you approach for advice and why? I consulted our leadership team; also, to get an outside perspective, I spoke to our top 30 customers in North America and Europe, who were facing similar challenges. What was the advice you received? After several rounds of discussions, we understood that a common language was…

SOURCE INVEST INDIA HOWZAT! INDIA’S 100-MEDAL HAUL AT THE ASIAN GAMES AND THE ONGOING CRICKET WORLD CUP ARE EXPECTED TO BOOST THE COUNTRY’S SPORTS EQUIPMENT MARKET. HERE’S WHAT THE DATA SHOWS: $6.6 BILLION Expected size of the Indian sports equipment market by 2027 compared to $3.9 billion in 2020-21 82 PER CENT Of sports goods made in India is manufactured in Jalandhar and Meerut. Together, they have over 3,000 manufacturing units 60 PER CENT Of sporting equipment manufactured in India is shipped to other countries…

THE SECOND QUARTER (July to September) earnings season has kicked off and it hasn’t been all good news for the information technology majors—Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCLTech), and Wipro. A decline in revenues, a slowdown in growth, and a cutback in hiring were prominent themes across IT companies. Although the firms’ managements sought to highlight the big deal wins, they trimmed the outlook for the upcoming quarters. TCS, the leader in terms of market capitalisation, missed street estimates in Q2FY24. Its revenue was up 0.5 per cent sequentially at ₹59,692 crore, but was up 7.9 per cent year-on-year. In US dollar terms, revenue declined for the first time in over 13 quarters, dipping 0.2 per cent sequentially. The company reported a net profit of ₹11,342 crore, up…

FORMULA 1 RACING 2019 256,551 TONNES OF C02e LOGISTICS ACCOUNTED FOR 45 PER CENT OF THE OVERALL EMISSIONS TOKYO OLYMPICS 2020 1.96 MILLION TONNES OF C02e IT WOULD HAVE INCREASED TO 2.76 MILLION TONNES IF DOMESTIC FANS COULD ATTEND FIFA WORLD CUP QATAR 2022 3.6 MILLION TONNES OF C02e 95 PER CENT IS INDIRECT, MAINLY FROM TRAVEL & ACCOMMODATION ICC MEN’S CRICKET WORLD CUP 2023 ESTIMATED TO BE SIMILAR TO FIFA WORLD CUP EMISSIONS MOSTLY FROM TRAVEL AND ACCOMMODATION OF PLAYERS, STAFF AND SPECTATORS NOTE ALL NUMBERS ARE ESTIMATES; E: EQUIVALENT; SOURCE BT RESEARCH…

▶ At 72, Tamil actor Rajinikanth has delivered one of his biggest hits as a leading man in Jailer. The film grossed ₹600 crore worldwide ▶ The actor took home a whopping ₹110 crore (estimated), making him one of the highest paid leading men in his age group in all of Asia ▶ Industry veterans feel the hefty fee is justified because of the superstar’s sway over the box office for more than 40 years now ▶ A ‘minimum guarantee’ actor, his 170-odd films have rarely been lossmaking ventures for producers, distributors or exhibitors…

AMITABH BACHCHAN • AGE 81 • (HINDI) • ₹ 10-15 CRORE MAMMOOTY • AGE 72 • (MALAYALAM) • ₹ 5-10 CRORE KAMAL HASSAN • AGE 68 • (TAMIL) • ₹ 50-75 CRORE BEFORE INDIAN 2 CHIRANJEEVI • AGE 68 • (TELUGU) • ₹ 45-60 CRORE MOHANLAL • AGE 63 • (MALAYALAM) • ₹ 10-20 CRORE SHIVRAJ KUMAR • AGE 61 • (KANNADA) • ₹ 5-8 CRORE ▸ Many of Rajini’s contemporaries dominate across Indian languages ▸ But he is peerless in terms of the ₹110-crore star fee he received for Jailer NOTE STAR FEE IS A FUNCTION OF VARIOUS FACTORS, INCLUDING THE MARKET SIZE OF THE LANGUAGE THEY PRIMARILY BELONG TO SOURCE INDUSTRY ESTIMATES…

HAVING DELIVERED DOUBLE-DIGIT returns, gold has emerged as one of the best-performing asset classes since 2018. The period has seen unprecedented upheavals in the global economy, marked by a global pandemic and a major war, resulting in high inflation and recessionary trends. These factors have fuelled the interest in gold. In rupee terms, the price of gold has nearly doubled since 2018. Adhil Shetty, CEO of banking services platform BankBazaar.com, says a rise in gold prices can be observed any time a new conflict starts. “The recent spike notwithstanding, gold has delivered moderate returns over the long term, while equity has been a much better hedge against inflation [during this period].” Typically, gold is a crisis commodity whose prices peak during geopolitical conflicts and economic uncertainties. With demand for gold…

1973 GCMMF formed; it is India’s largest food products marketing organisation ₹55,074 CRORE Revenue of GCMMF, Amul’s parent, in FY23 ₹72,000 CRORE Group turnover of Amul + 18 member unions 3.6 MILLION Number of farmers GCMMF procures milk from 18,565 Number of village dairy co-operative societies under GCMMF 98 Dairy plants 6 Plants with a capacity of over 1 million litres per day (MLPD) 41 MLPD Total milk handling capacity 27 MLPD Average milk procurement 1 MILLION+ Direct retail outlets SOURCE AMUL CORPORATE PRESENTATION, GUJARAT COOPERATIVE MILK MARKETING FEDERATION LTD (GCMMF)…

Known as an institution builder, Uday Kotak is one of the most respected names in India’s banking space. The Founder and Director of Kotak Mahindra Bank recently transitioned to a nonexecutive role after leading the bank for about two decades. In an exclusive conversation with Rahul Kanwal, News Director of India Today and Aaj Tak, and Executive Director of Business Today, at the India Today Conclave in Mumbai, Kotak—who had been appointed Chairman of beleaguered infra lender IL&FS after the government took it over—talks about the economy, the banking space in India, artificial intelligence, succession, and his plans after hanging up his boots. Edited excerpts: Q: Could you give us a temperature reading of the current growth prospects and the state of the Indian economy? A: I think in the…

VOLUME 1 Expert Recommendations 1 Greater engagement with private sector can help yield more funds for development 2 Global challenges funding mechanism could yield $20 billion in additional annual lending 3 Full implementation of recommendations of the CAF report could generate headroom to lend $80 billion more each year VOLUME 2 Expert Recommendations 1 Convert operating models to co-create multiyear programmes for transformative change 2 Streamline and simplify business processes to halve processing time 3 Bring a whole-of-institution approach to mobilise $240 billion in private capital…

SDG 1 NO POVERTY Solution Services like Aadhaar, UPI and data sharing and models can help tackle poverty. These approaches can improve the economic resilience of marginalised groups, increase access to private and public services, and reduce vulnerability to crises and disasters SDG 3 GOOD HEALTH AND WELL-BEING Solution Public and private players are leveraging DPI for health—such as the sharing of health data (Bahmni or OpenELIS, Brazil’s Open Health, France’s Health Data Hub) and leveraging verifiable IDs and registries (Ayushman Bharat Health Account)—to enhance good health outcomes SDG 4 QUALITY EDUCATION Solution Emergent DPI approaches support improved educational outcomes. DIKSHA is a DPI operated by the Indian government that provides over 180 million students with educational resources. It also supports value-added applications using its APIs. More educational DPIs are…

▸ India is hosting the ICC Men’s Cricket World Cup 2023 between October 5 and November 19 ▸ As many as 48 matches are being played in stadiums across 10 cities over 46 days ▸ More than 2.48 million visitors/spectators are expected to be present in the stadiums during the tournament ▸ According to estimates, the event will release approximately 3.6 million tonnes of C02 equivalent ▸ Unlike events like the Olympics or FIFA World Cup, the carbon footprint of the cricket World Cup hasn’t been calculated yet…

▸ Plastic recycling machines being installed at every venue; waste to be turned into ICC staff clothing for future events ▸ Waste management project in partnership with Coca-Cola and United Way Mumbai for waste segregation and reducing landfill ▸ Consult with venues and spectators on ways to reduce waste in the future ▸ Flags on the field of play for anthem ceremonies are made from recycled plastic ▸ ICC is also planning to undertake a carbon footprint audit of the current World Cup in consultation with member countries ▸ It plans to develop a global sustainability strategy for the sport that will be implemented in 2024…

▸ MOVIE BILLA (1980) PRODUCTION ₹ 50-60 LAKH SALARY ₹7 LAKH SALARY SHARE (%) 14% ▸ MOVIE ANNAMALAI (1992) PRODUCTION ₹5 CRORE SALARY ₹1 CRORE SALARY SHARE (%) 20% ▸ MOVIE SIVAJI: THE BOSS (2007) PRODUCTION COST ₹60 CRORE SALARY ₹20 CRORE SALARY SHARE (%)33% ▸ MOVIE ANNAATTHE (2021) PRODUCTION ₹180 CR SALARY ₹80-90 CRORE SALARY SHARE (%)50% ▸ MOVIE JAILER (2023) PRODUCTION ₹200-220 CRORE SALARY ₹1 10 CR SALARY SHARE (%) 50% ▸ Rajini’s salary as a share of the film’s production cost has risen steadily ▸ His fee as a proportion of production cost has risen to 50 per cent recently SOURCE INDUSTRY ESTIMATES…

₹ 200-220 CRORE A. SUN PICTURES INVESTMENT ₹ 310-320 CRORE B. TOTAL PRE-SALE OF RIGHTS ₹ 60-70 CRORE C. REVENUE OVERFLOW* ₹ 370-390 CRORE D. TOTAL REVENUE (B+C) ₹ 150 CRORE PROFIT (D-A) *ADDITIONAL COLLECTIONS DISTRIBUTORS SHARE WITH PRODUCER WHEN A FILM OUTPERFORMS EXPECTATIONS SOURCE INDUSTRY ESTIMATES ▸ Jailer raked in at least ₹150 crore in profit for producer Sun Pictures ▸ Industry insiders peg the total revenue it would have fetched at ₹370-390 crore ▸ It was made on an estimated budget of ₹200-220 crore…

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