Business Today

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

Why Sovereignty Matters

Business Today

UNDERSTANDING INDIA’S GDP REVAMP • For over a decade, India has been measuring its economy using a 2011–12 lens. But the India of 2026—with the rise of digital payments and the gig economy—looks nothing like it did 14 years ago. To bridge this gap, the Ministry of Statistics and Programme Implementation has finally hit the refresh button on macroeconomic indicators. It not only changed the base year for the gross domestic product (GDP) and consumer price index (CPI), but also revised the methodology to make it more robust

IN DIRE STRAITS • THE WEST ASIA CONFLICT HAS DISRUPTED OIL AND GAS SUPPLIES AND BROUGHT THE RUPEE UNDER MORE PRESSURE. A PROLONGED WAR COULD HAVE WIDER ECONOMIC RAMIFICATIONS

‘‘IT stocks have been hit more than they deserve” • Joseph Anantharaju, Co-Chairman and CEO of Happiest Minds, on automation, IT sell-off and innovation

THE SARVAM MOMENT • HOW INDIA’S FIRST SOVEREIGN MODEL CAN GIVE IT AN EDGE IN THE AGE OF AI

BUILDING UP AI

A SNAPSHOT

THERE’S NO REASON WE CAN’T DO THESE THINGS IN INDIA • Pratyush Kumar and Vivek Raghavan, co-founders, Sarvam AI, talk to BT Group Editor Siddharth Zarabi about how they defied the naysayers and plans to monetise the foundation model. Edited excerpts

OTHERS BUILDING FOR BHARAT • Four other sovereign AI models were launched at the recent India AI Impact Summit

THE DATA CENTRE EVOLUTION • THE AI BOOM IS PUSHING DEMAND FOR HIGHER-DENSITY GPUs, IMPROVEMENT IN COOLING TECHNIQUES AND A SHIFT TOWARDS TIER II TOWNS

KEY DEMAND DRIVERS

SAVE BIG WITH OUR ANNUAL OFFER

THE SOVEREIGN CIRCUIT • After decades of enabling global giants, Indian conglomerates are shifting India’s semiconductor playbook from services to higher-value chip design

ANATOMY OF A CHIP • Semiconductor manufacturing involves multiple specialised stages, but chip design anchors the entire ecosystem

DIALING IP DIGITAL GROWTH • THE ₹23, 000-CRORE COMPANY WITH A COMPLEX BUSINESS MODEL IS AT THE CUSP OF A CRITICAL GROWTH PHASE. CAN IT BALANCE EXPANSION PLANS WITH MARGIN PRESSURES IN A VOLATILE MARKET?

AGENTIC AI WILL AMPLIFY HUMAN POTENTIAL, NOT REPLACE IT • Jaime Vallés, VP of Amazon and MD of AWS Global Sales for Asia Pacific, Japan and Greater China, on AI adoption and the tech behemoth’s plans in India

A NEW DAWN • THE SIMPLER INCOME TAX ACT COMES INTO EFFECT THIS APRIL, BRINGING IN NEW FORMS AND RULES. HERE IS WHAT IT MEANS FOR INDIVIDUAL TAXPAYERS

FREIGHT PUSH • THE INDIAN RAILWAYS HAS COME OUT WITH A UNIFIED FREIGHT RATE FOR BULK CEMENT WITH PLANS TO EXTEND IT TO OTHER COMMODITIES. WILL THIS INCREASE FREIGHT’S SHARE IN EARNINGS?

Blending it RIGHT • ALLIED BLENDERS AND DISTILLERS HAS MADE SOME INTERESTING MOVES RECENTLY, POSITIONING ITSELF FOR A COMPELLING GROWTH STORY

Royal, Vintage THE PHANTOM OF WHEELS • DELVE INTO THE STORIED HISTORY OF TIMELESS CARS, AS SEEN IN THE SECOND EDITION OF THE OBEROI CONCOURS D’ELEGANCE

BANKING FOR THE FUTURE • BUSINESS TODAY FELICITATED BANKERS WHO STAND OUT IN THE CROWD

Golf By The BAY • BT Golf Chennai was a compelling story of precision, patience, and purpose—where business leaders found common ground on the greens

BEST Management Advice • Companies have to address complex issues such as inequality and sustainability today. The approaches have to be acceptable to very diverse stakeholders