Business Today

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Business Today

THE IPO COUNTDOWN • NSE, the country’s largest stock exchange by trading volumes, is preparing to launch its long-awaited initial public offering (IPO) in the second half of the financial year. Over the years, the exchange has built a reputation for deep participation and consistent profitability. The IPO is expected to be among the largest in the Indian markets. Here’s a quick overview:

BRAND TATA TURBULENCE AHEAD • The Tata Group has once again been ranked as India’s top brand by Brand Finance. But it faces headwinds

RIGGING RETURNS • Sebi has barred Jane Street from the Indian market on charges of market manipulation. The company has deposited ₹4,843 crore in an escrow account and a legal battle is likely to ensue

“MCKINSEY IS REPOSITIONING ITSELF FOR THE AGE OF AI” • Asutosh Padhi, Senior Partner and Global Leader for Firm Strategy at McKinsey & Company, on navigating a turbulent world

THE JOBS DOUBTFUL JOB PROMISE • The new ₹99,446 crore incentive to create 35 million new jobs in the formal sector over two years pins too much hope on big companies

“REDUCED DIESEL CONSUMPTION BY 9% IN FY25” • L&T’s Anup Sahay on how taking hard, quantifiable initiatives helped the company make visible progress on sustainability goals

“India’s stock market is fairly valued” • Raamdeo Agrawal on the right approach to trading derivatives and why a market turnaround might be round the corner

LIGHTS. CAMERA. COLLAPSE? • SKY-HIGH STAR FEES, SHRINKING RETURNS, THE OTT RETREAT, AND A STRING OF BIG-BUDGET FLOPS—INDIA’S FILM INDUSTRY IS FACING A MOMENT OF CRISIS

BIG-BUDG ET FLOPS • Even big-budget movies, with an illustrious star cast, have performed badly in 2024 and 2025

WHAT BOLLYWOOD STARS EARN… • In case of Bollywood, the big stars—led by the Khans—go for a profit-sharing arrangement Allu Arjun, of Pushpa fame, is the highest-paid south Indian actor

OTT RELEASES • Some of the major movies to be released on OTT platforms

BOX OFFICE RELEASES • Some of the forthcoming big-budget releases

“UNLIKELY MY FILMS WILL EVER COME ON OTT” • Aamir Khan on why he refused to sell rights of Sitaare Zameen Par to an OTT platform and why doing so would have been akin to a trapeze artist performing with a safety net

Rescuing the IBC • THE INSOLVENCY AND BANKRUPTCY CODE HAS BROUGHT MUCH-NEEDED FINANCIAL DISCIPLINE AMONG BORROWERS. BUT WITH DELAYED RESOLUTIONS, LOW RECOVERIES AND JUDICIAL SETBACKS, IS IT TIME TO REVISIT THE LEGISLATION?

IBC HAS DELIVERED 169% RECOVERY • The IBC is currently available only to corporate entities, covering a mere 0.1% of potential beneficiaries, says M.S. Sahoo

NCLT SHOULD BE EMPOWERED TO IMPOSE HEFTY FINES • Resolution plans have on an average yielded a recovery of 93.4% of the fair value of the assets, says Shailendra Ajmera

THE 10 GRITTY START-UPS • Ten Indian deep-tech start-ups—from spacetech, EV, robotics, and healthcare—find a spot on the World Economic Forum’s prestigious list of top 100 emerging companies for 2025. Here is the inside story of how their founders battled odds, rejections, failures and naysayers to find a mention on the global stage

UPWARDS & ONWARDS • Seven years of toil and four aborted launches—Srinath Ravichandran and Moin SPM ignored naysayers to make their rocket fly

VISUALLY INTELLIGENT • Gokul NA and Nikhil Ramaswamy encountered the curse of first-mover disadvantage, but the duo persisted with the vision to create universal factories

ALL SMILES • The siblings from Indore are leveraging...