Swan is one of the firms which got a licence at bargain-basement prices thanks to telecom minister A Raja.
According to McKinsey numbers, IT expenditure can give a return of up to around 10 times by reworking supply chains and logistics, managing resources better and so on. If a firm reduces IT expenditures by around 15 per cent, this will add around 0.5 per cent to long-run EBIT. Retaining expenditure levels could add 1-2 per cent to EBIT in terms of better merchandising and 3-5 per cent in terms of better pricing by reducing revenue leakages.
So far, most of those horrified by the dramatic evidence that surfaced last week of Telecom Minister A Raja's largesse on 2G spectrum costing the nation $10bn (that on 3G will probably cost another $5bn) have comforted themselves with one thought: maybe the Telecom Dispute Settlement and Appellate Tribunal, which is hearing the case, will conclude the policy changes were illegal and smacked of favouritism.
An article in the latest The McKinsey Quarterly argues that thanks to rising wages in countries like China and Malaysia (favoured offshoring locations for manufacturing) and high costs of oil, the advantages of offshoring are rapidly eroding.
It has been nearly four months since Sidharth Punshi, 34, former executive director at Goldman Sachs, joined Jefferies International, a global investment bank and institutional securities firm, as the managing director and country head for India. In a recent interview, Punshi told Business Standard that despite the tight liquidity scenario and a challenging global situation, Indian companies continue to chase merger and acquisition deals abroad.
The latest NCAER annual household survey, to use other data, points out that around 33 per cent of the bottom 40 per cent of households had a television set and another 12 per cent a two-wheeler in 2005 -- how they can all be poor is anyone's guess, says Sunil Jain.
In the last two years, there have been at least three instances of the government actively stepping in on Mukesh Ambani's side.
while Mumbaikars spend a smaller proportion of their incomes on food, beverages and tobacco (33.2 per cent) than Surat-ites (37.5 per cent), the total market for food, beverages and tobacco products in Mumbai in 2007-08 was Rs 28,590 crore (Rs 285.90 billion) as compared to a much smaller Rs 6,600 crore (Rs 66 billion) in Surat.
Delhi and Mumbai alone account for a fifth of the country's total surplus income. The country's top 20 cities, including both Delhi and Mumbai, account for just 10 per cent of the country's population but 20 per cent of its savings, 30 per cent of its income and as much as 60 per cent of its surplus income
A possible reason for the 'low' impact of organised retail is that organised retail in the country itself hasn't quite got its act together -- how many organised retailers do you hear of that can help cut, on a sustained basis, household budgets by 15-20 per cent more than kiranas can?
A fresh study by the IMF's India office, however, suggests the battle against inflation may already have been won as far back as last month. Official inflation is measured by the change in the price index (Wholesale or Consumer) over that a month ago (year-on-year). What the IMF has done is to measure the monthly change in this index, and then removed the impact of the change that takes place due to seasonal factors such as the crop coming in.
Move to ensure deals do not hit govt licence fees, revenue share.
Aviation Minister Praful Patel's outburst against Planning Commission Deputy Chairman Montek Singh Ahluwalia is perhaps not difficult to understand since most people think it was actually Patel who should have been keeping an eye on the delays at the Delhi airport.
We've witnessed the first phase of the mess in the country's public sector-driven aviation sector. In the absence of properly-thought-out rules, the next, a privately-driven one, awaits us.
Arun Shourie had legitimised Reliance Communications' CDMA-mobile phone offerings on its fixed line licence in 2002 and Telecom Minister A Raja decided to treat its CDMA-licence as a GSM-mobile one to award it GSM spectrum. With such things falling in place for RCom, the firm asked the ministry to allow it to use the 880-890 MHz band. Such incidents indicate that favourable spectrum allotment for RCom & its smooth sailing in the current spectrum issue is not mere coincidence.
The amount of loans to small and marginal farmers that commercial banks, cooperatives and regional rural banks have been asked to waive is likely to be slightly over Rs 23,000 crore (Rs 230 billion), less than half that estimated by Finance Minister P Chidambaram in his Budget speech. The share of this due to commercial banks is probably around Rs 6,000 crore (Rs 60 billion) the total overdue from all farmers to commercial banks is around Rs 10,000 crore (Rs 100 billion).
PricewaterhouseCoopers Executive Director Shyamal Mukherjee tells Business Standard that the real changes in the Budget, from the taxation point of view, will be evident in the new tax code the finance minister is developing.
Punjab is opposing Centre's area-based tax exemption policy while the underdeveloped states are lauding it as a "well deserved" package.
Given the existing airport is in the centre of town and there's no UDF, it's easy to see why passengers are up in arms. Indeed, if you think the goings on in the Delhi airport are a scandal, what's happening in Hyderabad is a lot worse.
While some have to go through the grind, others taste success in their brief stint.
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