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In order to revive the focus on business history, a group of eminent scholars discussed the contribution and importance of business history, the status of business history in India, the interesting research questions and methodologies, the challenges in pursuing business history research and the adoption of business history into the business education curriculum, in a panel discussion held at Indian Institute of Management Bangalore. This paper revisits the discussion by presenting the key ideas and directions that emerged, and seeks to stimulate further research and interest in business history.