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Fortune India

Fortune India

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THE BIG POINT OF CONCERN these days when discussing the Indian economy is about the lack of adequate private sector investment to kick-start growth. While the government has been taking steps to push infrastructure investment, not enough is coming from the private sector. However, if there is one area where the private sector has been drawing up aggressive investment plans—running into thousands of crores—it is the steel industry.

Leading the charge on this is India’s largest steel maker, JSW Steel, owned by billionaire Sajjan Jindal who is busy giving the finishing touches to a mega strategy which will see his company’s capacity grow to 45 MTPA by 2030. In our cover story this month, deputy editor Ashish Gupta delves into the JSW story and examines how the company is putting together its plan of increasing capacity and maintaining leadership at a time when competition is about to get much more intense. Elsewhere in this issue, deputy editor T. Surendar brings you the story of how, a year after the Nirav Modi scandal brought the state-run Punjab National Bank, one of the country’s largest, to its knees, the management, led by managing director Sunil Mehta, is bringing the bank back to the path to profits and, more importantly, respectability. While it’s still a work in progress, Mehta’s efforts have seen the bank undertaking a massive clean-up and clocking a `247 crore profit in the third quarter of FY19. Such is the aggressive nature of the restructuring being put in place at the bank that it is now expected to report a profit of `2,266 crore by March 2020. If that happens, it would be a turnaround as big in scale as the scandal that wracked it.

Fortune is one of the most respected business magazines in the world. It is known for its unrivaled access to world’s most influential leaders and decision-makers. In a world of business long on information and short on time, Fortune stands out with trusted insight, deep reporting and provocative story telling. Few publications cover the world of business with as much depth, breadth, wisdom, and panache. That’s why Fortune is recognized as ‘the best magazine in the world that just happens to be about business’. Fortune 500 is perhaps the best-known brand in business journalism and the ultimate hallmark of corporate success. Launched in India in October 2010 in a licensed partnership between ABP Group of Publications & Time Inc., Fortune India retains the spirit of the global brand with respect to thought leadership and practice from across the world every month while adding an Indian dimension. It is the only truly global business magazine dedicated to the global success of Indian business leaders, offering actionable insights to propel their businesses.

Fortune Indai is published every month. Fortune India publishes 18 issues in a year- Monthly, Quarterly and Bi-annual. Single Issue Digital price for monthly is 150 INR and 200 INR for special issues (Quarterly and Bi-annual)