The company had implemented a programme to encourage employees to come out with new innovations. Following this, it was able to save money and reduce the inventory level to Rs 90 crore from Rs 120 crore, said K Sridharan Balaji, general manager -- manufacturing, Ashok Leyland. These innovations will conserve Rs 90 lakh each year as recurring savings, including Rs 40 lakh from three projects.
The economic slowdown has seen an increase in cost-cutting measures. Tell us what is happening in your company.
Currently, the new series of engines is being used in the latest models of the Maruti stable -- Estilo, Ritz and the 'A' Star. Asked whether all the entry level cars would be equipped with the KB Series engine, Maruti Suzuki India chairman R C Bhargava told PTI that it could happen over a period of time.
Over 300 new items such as mobile phones and digital cameras would figure in the new wholesale price index that would give a better picture of the price situation. And close to 30 items would be knocked off from the new inflation series expected to be out by December.
He cautioned however that these are the early signs and one should not start celebrating.
The company has told its employees that there won't be wage hikes for the financial year ending July 31, 2009, due to tight demand in the US and Europe, declining volumes and the need to further tighten expenses across business divisions. In a harsher step, the company has slashed retainer bonus, which averages 10 per cent of an employee's salary, from April 1. Travel allowance has been sharply reduced, if not curbed, in most cases.
More excited than nervous at the prospect of squaring off against the likes of Mahendra Singh Dhoni, Australia's uncapped pacer Joel Paris on Saturday said his team's bowlers only need to focus on accuracy to tame India's 'world-class' batters in the One-Day International series starting on January 12.
Grappling with falling sales and a dropping bottom line, companies have had no alternate but to put cost-cutting measures in place. Infosys, for example, has cut variable pay, made appraisals more stringent and asked employees to make a one time saving of $10.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
We review the latest DVD releases, in this new series launched today.
Tata made personal investments in four companies last year.
India's growth is "firming up" while most of the major economies, including China and the US, are seeing stable momentum.
This is the BJP's first full-year Budget.
The revision in base year of India's national accounts will increase the size of the economy to Rs 111.7 trillion in FY14, India Ratings (Ind-Ra) said on Wednesday.
Marvel comics is reintroducing Ms Marvel but this time she is Kamala Khan, a Pakistani-American teenage Muslim girl living in New Jersey.
1929-2018: The life and legacy of Ursula K Le Guin in her own words.
This time there has been a rather peculiar criticism of the latest GDP numbers.
The new numbers did not apparently pass consistency checks with production, inputs, or movements in the National Stock Exchange.
'I hope we put up the same performance as we did in the last series against Australia'
The move aimed at blunting Finance Ministry, RBI's opposition to monthly reporting.
The new Mahabharata will be produced by Bollywood filmmaker, Bobby Bedi.
The Islamic State released a five-minute video on Sunday purportedly showing the beheading of 21 Egyptian Christians that they captured in Libya.
Beginning a fascinating new series where film folk reveal what their movies taught them...
A look at the top tweets from your favourite Bollywood celebrities.
Senior India batsman Suresh Raina believes believes the team is brimming with confidence following the recent victory on Sri Lankan soil after 22 years.
Pakistan captain Shoaib Malik was all praise for Yuvraj Singh, saying the manner in which he is plying is simply superb.
Just when everything seemed picture perfect for brown faces on American television, Showtime reverts to form with its new series Billions. Aseem Chhabra points out how popular media still hasn't gained enough distance from accents and towel-turban fixations.
It's time to give your verdict!
LG, Panasonic: Making in and for India LG and Panasonic are looking to revive their fortunes in India by building local insights into their new products.
Aditi Mammen Gupta, who hails from the family that started Malayala Manorama, MRF Tyres & Funskool, tells us about her start-up.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
Lenovo, the Chinese giant which acquired IBM's PC business a year ago, is aggressively positioning its ThinkPad brand of notebook products for the small and medium business customers in India.
Reader Anurag sent us a picture of an unusual sporting scene from Sydney.
Stock prices is due to valuation expansion
A British-Indian writes about Big Brother, and why Shilpa proves herself a great role model.
There is a need for better computation of numbers so as to avoid overlaps and capture the net gains to the economy.
Ratna Pathak Shah shows us a deeper side to Sarabhai Vs Sarabhai.
'We are primarily a domestic consumption story. We are less exposed to global forces.'
To help you maximise your work output, we launch a new series that demystifies MS Office. We start with the most popular product of the Office suite -- MS Word.
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