Innholdsfortegnelse for 6 July 2025 i Business Today

CHARANJOT SINGH NANDA, President of The Institute of Chartered Accountants of India, underlines three key priorities for his tenure: highlighting the role of chartered accountants (CAs) in nation building, bringing best accounting practices in sectors like ESG, technology and sustainability, and promoting work life-balance for CAs. In an interview with Business Today, Nanda discusses some pressing matters that the ICAI is working on. Edited excerpts: There seems to be a shortage of CAs, and this is seen to become graver as the economy grows. What is the ICAI doing to tackle this? The shortage of CAs has been an ongoing issue. Demand has increased over the years due to various reasons, including economic expansion, the growth of start-ups, and complex regulatory and compliance requirements. CAs are complete business solution providers and take care…

A WALK THROUGH Suzlon One Earth in Pune with the enthusiastic Girish Tanti, the group’s Co-Founder & Vice-Chairman, is an interesting experience. The 10-acre headquarters of the wind energy player runs on renewable energy. Predictably, the landscape is dotted with wind turbines, solar panels and photovoltaic cells. Tanti shows us a gallery tracking the evolution of Suzlon. In many ways, it’s the story of wind energy in India. Since 1995, when it was founded, to going global and then falling deep into debt, and now firing on all cylinders, Suzlon Energy has seen it all. But the best is yet to come, claims the top management. “It is a very interesting phase for the company, and we are hugely excited,” says Tanti. Take the numbers for the last quarter of…

WORK DESKS: Empower professionals with user-centered technology solutions that enhance productivity, collaboration, and well-being, whether in the office or working remotely. They are equipped with essential tools for seamless collaboration, including a full HD webcam, noise-canceling wireless headset, and a customisable keyboard and mouse. It also features a 4K ultra-HD webcam, a premium bluetooth® headset with active noise cancellation, precision peripherals, and a docking station with meeting controls. 1. LOGITECH BRIO 4K WEBCAM: Enjoy crystal-clear video calls with the Logitech Brio 4K Webcam. With its ultra HD 4K resolution, this webcam provides exceptional clarity, ensuring you always look your best during virtual meetings. It features RightLight™ 3 technology with HDR, which automatically adjusts to various lighting conditions, so you appear optimally lit. The webcam supports Windows Hello, allowing for secure…

Sustainability is transforming the way businesses operate and grow. The inaugural BT India’s Most Sustainable Companies Summit & Awards honoured corporate leadership in sustainability, ESG compliance, and responsible business practices. Key stakeholders across industry, government, finance, and sustainability addressed challenges around green energy. The conversation focused on how corporate India is building trust through ESG strategies, climate action, and transparent stakeholder engagement. From capital markets to consumer behaviour, several sessions unpacked how sustainability is reshaping business imperatives in India. Experts said climate change isn’t an urgent need to unlock climate financing—particularly from multilateral institutions—to accelerate sustainable development in emerging economies like India. CareEdge ESG Ratings, the knowledge partner, shortlisted companies based on publicly available data, assessing top 1,000 listed entities across 11 sectors with significant environmental and social impact. The…

EARLIER THIS MONTH, the Ministry of Heavy Industries notified the guidelines for the Scheme to Promote Manufacturing of Electric Passenger Cars in India. The scheme, aimed at luring global EV manufacturers, offers reduced import duties and mandates substantial investment and localisation for manufacturers. As per the new policy, approved applicants will be allowed to import Completely Built Units (CBUs) of electric four-wheelers with a minimum CIF (cost, insurance and freight) value of $35,000 at a reduced customs duty of 15% for five years. The selected automakers are required to make a minimum investment of ₹4,150 crore. Additionally, the maximum number of EVs allowed to be imported is capped at 8,000 units per year. The scheme, which has been tailor-made for EV giants like Tesla, reflects the government’s ambition of…

AS INDIA ENVISIONS a self-reliant, innovation-driven economy, the time has come to focus on a sector that quietly shapes decisions across government, industry, and capital markets—management consulting. While India’s IT services have conquered the global stage, management consulting remains overwhelmingly dominated by foreign firms, who control nearly 85% of India’s consulting market. This is not merely a business statistic, it points to a structural imbalance in how high-value knowledge services are procured and delivered in India. Today, even Indian public sector tenders and private equity deals often mandate or tacitly prefer foreign-branded advisors. This preference has entrenched a system where Indian firms remain small, fragmented, and locked out of scale opportunities—despite a surging domestic market and abundant talent. The Indian consulting industry is projected to grow to $24 billion this…

Bhupender Yadav, Union Minister for Environment, Forest and Climate Change, says India is not only meeting its climate commitments, but also taking the lead in forming global alliances for climate action. During an interaction at the BT India’s Most Sustainable Companies Summit & Awards, Yadav said the government is ensuring ease of doing business for the country’s wealth creators, alongside meeting the energy and development aspirations of 1.4 billion Indians. Edited excerpts: Q: How is India’s environmental journey progressing? A: There are three aspects of climate change. First, there is climate change, second biodiversity loss and third desertification. As far as the Indian govern-ment’s international commitment and mitigation measures are concerned, after the Paris Agreement in 2016, it was agreed that every country would provide its Nationally Determined Contributions (NDCs).…

MORE THAN 2.1 MIL- LION professionals are employed with global capability centres (GCC) in India. With hiring expected to see a sharp uptick going forward, staffing firms can play a key role in the growth of GCCs. Neeti Sharma, CEO, TeamLease Digital, in an exclusive interaction with Business Today, discusses changing hiring trends with the evolution of GCCs and how small cities are also contributing. Edited excerpts: Why has the trend changed towards GCC hiring over IT hiring? The hiring trend has shifted significantly, with GCCs now driving much of the demand that earlier centred around IT services firms. GCCs are hiring software professionals at much higher salaries. This shift has helped us maintain our revenue run rate, even though the volume of GCC hiring is still only about a fourth…

WITH AN ESTIMATED GROSS DOMESTIC PRODUCT (GDP) GROWTH OF 6.5% IN FY25, INDIA REMAINS THE FASTEST-GROWING MAJOR ECONOMY IN THE WORLD. THOUGH THAT RATE WAS THE SLOWEST IN FOUR YEARS, THE GOOD NEWS IS THAT INDIA WILL RETAIN THE FASTEST-GROWING LARGE ECONOMY TAG IN THE COMING YEARS AS WELL WITH THE INTERNATIONAL MONETARY FUND (IMF) PEGGING ITS GROWTH AT 6.2% IN CALENDAR YEAR 2025 AND 6.3% IN 2026. As per the IMF, India is set to become the fourth-largest economy this year, overtaking Japan, with experts continuing to bet on its long-term potential. A new report by BofA Securities says nine structural themes beneficial for India’s long-term growth outlook are likely to play out. These are rapid infrastructure build-up; productivity gains through energy efficiency, better logistics infrastructure; improved capital-output ratios;…

THE FATAL CRASH of Air India flight AI 171 in Ahmedabad has brought Boeing under renewed global scrutiny. After a week of that incident, another Air India Hong Kong-Delhi flight, a 787 Dreamliner, was forced to return to the airport, shortly after take-off, due to a technical issue. However, these events are unlikely to impact the delivery of 185 outstanding aircraft, a part of the fleet modernistion plan of the Tata Group airline. Air India has an order book of 529 aircraft, which includes 20 B787 Dreamliners. The company is already facing a delay in aircraft deliveries due to global supply chain issues, impacting its expansion plans. The Tata-owned airline has two variants of Dreamliner in its fleet—B787-8 and B787-9. The majority of Air India’s Dreamliners is the 787-8 variant…

AS INDIA’S EV market heats up, Tata Motors is doubling down on its long-term strategy to retain leadership in the space—with a bold target of achieving 50% market share in the EV segment. The company is also strengthening its focus on premium hatchbacks and CNG models, even as sports utility vehicles (SUVs) continue to dominate the passenger vehicle market. Tata Motors currently commands a dominant position in EVs, particularly in the entry segment where its market share stands at 75%. However, increased competition in the ₹12–20 lakh mid-EV segment has seen its share dip to around 33%, even as the overall market expands. “We are not very perturbed by short-term market share losses,” said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd & Tata Passenger Electric Mobility Ltd.…

MANOJ KOHLI, Chairman of the Board of Governors of Gurugrambased Masters’ Union, a modern technology and business school, has had an enviable and impactful career of more than four decades. Former CEO and Managing Director of Bharti Airtel, he also led SoftBank Energy and SoftBank in India. Edited excerpts: What are your priorities as chairman of the Masters’ Union board? At the board, we support Masters’ Union founder Pratham Mittal in five major areas. One, to help him build a strategy for the long term based on a clear vision and mission to be among the top 10 business schools globally by 2030. Two, help create a unique differentiation by focusing on entrepreneurship; we would like all our students to become entrepreneurs. It blends with the vision of the PM…

India has an unemployment problem. Its gross domestic product (GDP) growth numbers often mask issues such as quality of employment due to skill shortages. The growth and large-scale expansion of global capability centres (GCCs) in India could be the answer for job seekers. The beginning of the Indian GCC story can be traced back to the mid-1990s when multinational companies (MNCs) started setting up back offices in India. Few could have predicted the scale and significance they would attain in the next few decades. These have evolved into GCCs that are not just offshore support units for global businesses but doing high-value work for their global parents. The trickle that started in the 1990s has become a wave and made India the GCC capital of the world hosting more than…

Bharat tion, it showcased not forge chairman and Managing Director Baba Kalyani summed up the key takeaway from Operation Sindoor at the recently held Confederation of Indian Industry (CII) annual business summit. “Executed with strategic clarity and precise coordina only the operational brilliance of the Indian armed forces but also the growing strength of India’s indigenous defence manufacturing ecosystem.” The operations were a defining moment for India’s fast-growing defence manufacturing sector. The prospect of more orders prompted some to announce capital expenditure plans. “We have to take responsibility to build equipment fast so that we can provide our armed forces much more than what they have today and what they need in future,” Kalyani added. Pune-based Bharat Forge is one of India’s leading private sector defence manufacturers. Almost on cue,…

BAIRRO ALTO HOTEL To enjoy spectacular views of the sun setting over Lisbon and the Tagus river, enjoy cocktails on the terrace bar of the Bairro Alto Hotel. Lisbon’s oldest five-star boutique hotel is located in the buzzing Chiado area, the city’s bohemian neighbourhood known for its nightlife. At the BAHR restaurant on the fifth floor, indulge in the best of Portuguese cuisine or sit back and enjoy a drink while soaking in the views. While they have a great wine menu, their bartenders will happily mix you your favourite cocktail too. Try the crab cracker and the smoked barnacles on toast as starters, and the Portuguese carabineiro prawn rice as a main. While booking a table is always recommended, they welcome walk-ins. PASTELARIA O CARECA While Portugal is known…