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.
He now owns textile and auto parts plants worldwide
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
Like the wealthy anywhere else, affluent Indians love to buy luxurious cars, clothes, and accessories. They also want exceptional service.
India's cybercafes could be headed for extinction as a nationwide clampdown in the name of anti-terrorism threatens their existence.
Rising fuel costs have grounded the high-flying ambitions of India's carriers and have sent their stocks into a tailspin.
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?
Its state-controlled companies are losing a lot of money, and private rivals can't compete.
Japan's Daiichi Sankyo makes Ranbaxy Laboratories an offer it can't refuse -- $4.6 billion for a 50.1% stake in India's largest drugmaker.
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.
The appliance maker seeks to buy Motorola's ailing cell-phone division to complement its telecom business; critics say it's not a good fit
Indians are using their cell phonessome 300 million have subscriptions, vs. only 30 million PCsas a "one-stop shop" for everything from e-mailing to banking
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