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Author

Michael Grunwald

Global Editor

Make in India

Business leaders see Budget to define ‘Amrit Kaal’, expect extension of PLI scheme to other sectors:…

Michael Grunwald Jan 14, 2023
Synopsis Union Budget 2023: An overwhelming number of the leaders in the survey expect the Budget to fuel growth across industries by building strong domestic demand and focussing…
Read More...
Business Profiles

Put the nepo babies in charge of the luxury business

Michael Grunwald Jan 14, 2023
LVMH is thriving under CEO Bernard Arnault and his offspring. Why not let the billionaire bling kids do what they do best? When it comes to luxury, nepo babies aren’t so bad.…
Read More...
Japan

Japan eyes delay of Fukushima nuclear power plant water release: Report

Michael Grunwald Jan 14, 2023
The government and the plant operator, Tokyo Electric Power Company Holdings, announced in April 2021 a plan to begin releasing the treated wastewater into the sea starting in…
Read More...
Insurance

Here’s Why 2023 Will Be The Year Of Insurtech Business

Michael Grunwald Jan 14, 2023
The growth of Insurtech has led to a massive 167% increase in investments in the last few years SMEs will get an impetus if the Centre amends the Insurance Act to reduce the…
Read More...
Business Profiles

Centrum’s business heads asked to quit due to ‘loss of confidence’

Michael Grunwald Jan 14, 2023
Synopsis Founded about a decade ago mainly with a leadership team brought in from HSBC Holdings Plc’s India operations, Centrum Wealth managed 350 billion rupees ($4.3 billion) of…
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RBI

Credit growth of scheduled commercial banks tapers off in December

Michael Grunwald Jan 14, 2023
Banks extended loans of almost Rs 1.5 trillion during the fortnight ended December 30 Credit growth of scheduled commercial banks tapered off in the second fortnight of…
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Banks

Business Today to hold Banking & Economy Summit, and the glittering BT-KPMG Best Banks Awards

Michael Grunwald Jan 14, 2023
Union Minister Nitin Gadkari, Minister of State for Ministry of Finance Bhagwat Kishanrao Karad, RBI Governor Shaktikanta Das, finance and economy stalwart KV Kamath will be in…
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Banking & Finance

Citibank India CEO calls selling consumer business to Axis an ’emotionally difficult decision’

Michael Grunwald Jan 14, 2023
Citibank India sold its consumer business to Axis Bank in a $1.6-billion deal last year. While it weighed hard on the emotions, CEO Ashu Khullar calls it a ‘strategically right’…
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Business Profiles

90% of businesses accepting blockchain: data

Michael Grunwald Jan 14, 2023
China, where more than half of respondents intend to invest in blockchain technology by 2023. Although the cryptocurrency and blockchain industries have had a difficult year,…
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Business Profiles

L&T Tech To Buy Smart World And Communication Business Of Parent Firm For Rs 800 Crore

Michael Grunwald Jan 14, 2023
L&T Technology Services will acquire the Smart World & Communication Business in an all-cash deal worth Rs 800 crore. IT company L&T Technology Services will acquire…
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