The new obsession on cost control is powered by the company's 'GEAR' (Generate idea, evaluate, action and realise the idea) programme.
From a 15-16-level hierarchy, the organisation is moving to a flat five-level hierarchy.
A break-up of business shows that 75% of a firm's turnover is led by volume growth, while 25% is price-led. Companies such as Britannia, Nestl, Dabur, Marico, Kellogg, Parle Products, and Hindustan Unilever have increasingly focused on smaller packs of their key products, aimed at improving sales.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Make in India needs policy support for access to markets.
One risk of investing in a very low-cost ETF is if a fund house runs it at below cost, it could close it if it fails to attract institutional money
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Think organic food, affordable homes, artificial intelligence, suggests Prof Manmeet Barve.
Renault to launch MPV Lodgy to boost sale in India
Flexibly targeting inflation is consistent with a demand stimulus, says Ashima Goyal.
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Rise in crude oil price and rally in global equities aided the sentiment
Brands in India are finding newer, more innovative ways to engage with a wider audience during festivals. But they still have a long way to go before they match global campaigns.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Akito Tachibana, who took charge as managing director at Toyota's India operations from April 2016, talks to Ajay Modi on Delhi diesel car ban and DeMo.
Hurun Report and GROHE India named Lodha Developers' M P Lodha and family as India's richest real estate entrepreneur with a wealth of Rs 31,960 crore, followed by DLF's vice chairman Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively. Total wealth of top 100 Indians in the real estate sector stood at Rs 2,77,080 crore -- up 17 per cent against 2018. While Mumbai accounted for six of the top 10 and 37 of the 100 names, Delhi and Bengaluru had 19 residents each who featured on the list. Smita V Crishna of Godrej Properties featured as the richest woman.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
Maruti will showcase its first concept electric vehicle, the e-SURVIVOR; M&M it's six new EVs, including two futuristic concepts
The Nissan Kicks does tick all the right boxes as a convincing Hyundai Creta competitor.
All the fixes require either the enactment of a data-protection law, or the amendment of our existing competition law. This can take many years. However, there is an opportunity for the government to act immediately if it wishes to, says Sunil Abraham.
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
'The more the news media weakens, especially at this juncture of economic ruin with lay-offs and wage cuts, the more the owners and journalists weigh their value in terms who they are close to, the more they depend on the State to bail them out of trouble, slow-fry their rival, the faster it pushes us towards institutional destruction,' warns Shekhar Gupta.
Theatres are finding innovative new ways to increase footfalls, discovers Vanita Kohli-Khandekar.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Exports are slowing and economic growth in major markets for Indian goods has taken a hit.
Nearly 92% of the 250-mn smartphones run on Android.
He is betting on emerging firms to generate ideas and build wealth through Premji Invest
India and US keen to strengthen trade ties, hold talks after 4 years.
Modi is scheduled to meet over 50 CEOs of Fortune 500 companies over dinner hosted in New York on September 24.
Beside flying squads from RTOs at different points on highways, challans are imposed without any reason. The situation is especially difficult in states like Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, and Andhra Pradesh.
Microsoft has launched the Lumia 830, 735 and 730, priced at 330 euros (about Rs 26,190), 219 euros (about Rs 17,370) and 199 euros (about Rs 15,800), respectively, as it tries to build on its acquisition of Nokia's mobile division earlier this year.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
In its bid to grab eyeballs in the regional space, Big Magic rebrands channel, sets up production unit in Patna
Analysts say that Republic TV has to hit the top spot in the shortest possible time if it has to make a dent in the ad market and break even, writes Vanita Kohli-Khandekar.
CMC has strong presence in the domestic market. It certainly compliments TCS.
Given the current global cues, if the next six months do not turn out to be the way we would want it to, we are definitely looking at a very gloomy start to 2016.
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