For a country that considers cricket as a religion, it comes as a surprise that its viewers would prefer politics to the game. On May 16, a decisive day in the history of Indian politics, the cricket worshiping country preferred the Loksabha election results than to the Indian Premier League (IPL) matches.
Experts say the biggest expenditure for a retailer is real estate, followed by manpower and sales and advertisement expenses.
In an attempt to reduce costs, India's biggest wine producer, Indage Vintners, has started closing its regional offices, while centralising all sales and marketing activities at its headquarters in Mumbai.
According to Mayank Saksena, head -- transactions, Kolkata, Jones Lang LaSalle Meghraj, "From January onwards, we have been tackling an increase in live enquiries in Kolkata. The rate of enquiries is significantly higher than in cities such as Hyderabad. Chennai, Pune and Bangalore, primarily because Kolkata has a large number of old business houses that have been occupying prime spaces in the central business district."
The study by iimjobs.com reveals that salaries in finance tend to rise faster than in other sectors. The average salary for a finance MBA with 5-7 years of experience, reveals the survey, was Rs 18.5 lakh, about 20 per cent higher than their batchmates in the IT industry. While the difference between salaries in finance and consulting is not significant early in the career, it increases for people with over 5-6 years of experience.
After dropping "Kolkata" from Indian Premier League team Kolkata Knight Riders, actor Shah Rukh Khan has started discussions with Nokia, Sahara, the Anil Ambani group, and several other companies to sell the team he bought just over a year ago for Rs 300 crore, and exit the business.
A student of IIM, Ahmedabad, said: "Usually most students from IIMs get good job offers. They move on to even better ones within six months' time. But in the current meltdown scenario, many students have seen a dearth of good offers and taken up whatever average jobs offered. There is a feeling of insecurity and dissatisfaction, which has prompted most to rely on job portals like naukri.com, iimjobs.com and others and given the hope of procuring better offers."
Projects like City Centre II, Lake Mall, Terminus Mall, Axis Mall and Avani Riverside mall in Howrah, are already running behind schedule. As retail sales are down by 50 per cent, depending on discount or lifestyle retail categories, and consumers' discretionary spends are also down 15-20 per cent, developers are now cautious about new projects.
The company plans to invest close to Rs 50 crore (Rs 500 million) by June 2009 in its winery project and another Rs 50 crore in the next few years in building barrels, tanks and vineyards. It has set a target of producing a million bottles in 2009-10 and a million cases in three years.
The chances of organised retail trade crossing the Rs 230,000 crore, as predicted by the Images India Retail Report look remote, says Pradipta Mukherjee.
Many multiplexes are banking on promotional offers and schemes, like a 20 per cent discount on ticket prices, free popcorn, etc, for those booking tickets online. Around 70 per cent of the total revenues of multiplexes come from ticket sales, 20 per cent from food and beverages and the remaining from on- and off-screen advertisements. While footfalls have dropped 20-35 per cent, consumers' discretionary spend has stopped as far as movies are concerned.
This has come at a time when commodity prices have dropped and several companies are seeking to lower prices to boost sales. "While the recent drop in raw material prices have been an enabler, our margins are still under pressure due to several factors like operational expenses as well as production and packaging costs, which have peaked year-on-year," said a company official.
A number of companies are coming out with learning modules and solutions, either as complete game-based educational courses or part of a larger learning module. This connects learners into environments that closely represent the actual environment within which they need to apply their learning, including related real-life problems or complexities.
Celebrations after India's Oscar moment refuse to die down. Now, it is the telecom services providers who are laughing their way to banks, thanks to the Slumdog Millionaire's Oscar sweep.
The Rs 400,000-increase, applicable from this session, comes a year after the increase in fee by other IIMs. IIM-C is also increasing its need-based scholarship fund and stipend for research scholars.
Mumbai, the largest metropolitan city of India, may well be on the path taken by cities like Amsterdam and Netherlands, if it gets inspired to implement sustainability development.
The state received robust investment announcements worth Rs 2,43,489 crore in calendar 2007. In calendar 2008, investments fell 63 per cent, to Rs 90,095 crore (Rs 900.95 billion). The general slowdown in economic growth, however, may also have played a part in Bengal's declining rank, given that many of its major investments were in such sectors as steel, real estate and power, all of which are current casualties of slowing demand.
The programme is a free, student-driven initiative and independent of the admission process but is backed by the administration of these institutes. The programme is managed through either the institute website or a separate purpose-built website that matches the profile of mentors and aspirants based on the background and discipline.
The fresh allegations of carrying out retail trade have come from the Forward Bloc, a constituent of the Left Front government in Bengal, which had been opposing the entry of Metro on this ground. Forward Bloc-controlled APMC in the state has submitted a report stating the instances of violations of the terms of the Regulated Market Committee licence, said sources.
Firms like Abbot, Piramal and Bayer India have made their presence felt at KJ Somaiya Institute of Management Studies, Mumbai. Increasingly, pharma companies are finding it easier to recruit people from B-schools for jobs in marketing, human resources and finance.
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