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JSW Steel had an inaugral addres shown on CNBC TV18 now on account of its joint venture wiht some japanese company.
The inaugral address was delivered by a woman in the most distracting attire.
Now is it business or is it bollywood?
The girls who did the cheering were in short skirts distributing goodies to the japs and the management of JSW
Now in business we look for Indian attire that is decent
In bollywood anything goes
Women should understand that if its in the show business you would like to do justice to your feminine charms
If its business, do more justic to the brain while retaining the Indian attire
LOL... Else men will for ever take it that these sweet nothings in any function should be done by woman and you give them all the reason to distribute such portfolio when you dress like that. LOL...
Folks,
The most envious government job is one of that of the chief of STATE TRADING CORPORATION!
Whats the role of STC?
Well whether its import of raw material for drugs or whether it is exporting something out the country, its all routed through State Trading Corporation of India. I was reading the story of Ranbaxy where in STATE TRADING CORPRATION`s role was outlined. A very interesting role from finding buyers and sellers to packaging and manufacturing for the various goodS from India and into India....This office does have an imporatnt role to play in the business scheme of things.... so what would be the qualifications of the chief of STATE TRADING CORPORATION?And what about his remuneration??...
Having 25 shares @ 2373/-. Please suggest whether to hold or get rid of it....
We have been observing that some boarders are writing loose statements in this impt platform. We wish to mention in general to those to avoid such statements. After all, most of us who regularly browse this site are serious people and their MONEY is involved.Don`t forget that CNBC has given valuable platform.Pl take this positively....
entertainment,hotels,telecom,power have been big underperformer....
As we could see the SBI stock grwoing at a
higher as the banking and the realty sector has been doing good..so what do you think till price this SBI stock might go.As presently it is above 2000 level.Till what extent this stock can go......
In past when Anil ambani wants to do deal of Rcom with MTL at that time RIL told as per mou the first right of rcom is with RIL. Now when there is a dispute between RIL vs RNRL RIL`s other director is saying that they dont know about the MOU between Mukesh AMbani & Anil Ambani. Why RIL is Playing game with Anil Ambani Group. Think mind game of RIL so cheap...
yes, it may take some time to catch up with china......
2008-09 was a year of across-the-board losses for retailers. Shoppers Stop, Reliance G Shrikhande
CEO, Shoppers Stop
Retail and Aditya Birla were some of the big names to G Shrikhande
CEO, Shoppers Stop
post losses, while chains such
as Straps, Etam, Subhiksha and Pyramid headed the list of high-profile casualties forced to fold. But now the blues are being shrugged off, and Indian retail is emerging wiser from the experience. When the crunch from the GFC hit India in the second half of last financial year, it surprised as industry too caught up with the good times.
Too many retailers were expanding fast, chasing too many stores and pushing too many products, formats and promotions than what the market was ready for. Too much of focus was on what competitors were doing rather than on viable and sensible market strategies.
Really, at that time, our industry was in a bubble and the result of the downturn was to prick the bubble. It was tough, but it forced businesses to trim fat.
Those that survived have moderated the pace of their store openings. Prudent stock management, focus on proven formats and products, leaner teams, optimising costs are now the mantras for revival. This new self discipline has also helped companies deal with other problems. In reaction to the recent doubling and tripling of power costs, Shoppers Stop has been able to cut power usage by 14%.
A number of external factors have also helped to boost industry’s optimism. At the height of the boom, rental prices skyrocketed. And when the services tax on rent was introduced, rentals accounted for a whopping 35 % of all costs for most retailers. Fortunately, with the downturn, rental prices have normalised and landlords are now open to revenue-sharing agreements in combination with lower minimum rents.
Likewise, key consumption indicators are up again; stock markets have revived & the global economy is slowly recovering.
This combination of improved externals, along with Indian retail’s renewed focus on profitable growth, has not only shrugged off the blues, but has also been a blessing in disguise. At Shoppers Stop, we think we now have a business model that can weather future downturns....
No, the organised retail is still a few feet under water. The Indian retail story over the Rajan Chhibba
MD, Intrim Business
last decade was driven by media hype and a quest Rajan Chhibba
MD, Intrim Business
for valuations where mindless
expansion was done even before retailers stabilised their core business models. Last year, most of the retailers found themselves saddled with unviable stores, unsold inventories, poor processes, semi-trained staff and overpaid rentals.
The recession turned out to be a blessing in disguise. It provided an opportunity to clean up the mess and most retailers, trimmed stores, staff, cost and shed a lot of inventory (often booking extra profits due to inflation). So, today the balance sheets of most retailers are looking better and healthier. But, does it mean that retail has put the past behind and now all is the rosy? The answer, unfortunately, is no. Profitability and scalability are.
Out of over 200 formats tried by retailers, only 5-6 have shown profitability. The rest are still to figure out why customers don’t come in droves. They are running their business on five myths. First myth: Gather products, stack them on shelves, put price tags and hope customers will come. Second myth: It is not necessary to have staff who know what customers want and that they need to interrupt their tasks to find out.
Third myth: Customers work on cold logic. Fourth myth: Pricing is the core focus of everything (discount or premium). And the fifth myth: Internal efficiencies override consumer convenience. The result is that Indian retail continues to struggle. The day it evolves its own solutions to handle above myths, it will learn to swim both with and against the tide....
Guest-The DALAI Lama is harmless!!So why have fear or phobea of a harmless person like the DALAI Lama?? ...
MUMBAI: Auto ancillary company Steel Strips Wheels on Thursday said it has received an order from European car maker Renault for supplying steel wheel rims, that would fetch the Indian company about 28 million euro (about Rs 195 crore).
The company is "expected to supply more than three million wheel rims in five years, which will lead to earning of foreign exchange of nearly 28 million euro (about Rs 195 crore) to the company," Steel Strips said in a filing to the Bombay Stock Exchange.
The steel wheel rims would be supplied for Renault`s upcoming project in Morocco. The company would start supplying steel wheel rims to Renault from last quarter of 2011 from its Chennai plant, the filing added.
Shares of the company reacted sharply and hit upper limit at Rs 96.75, up nearly five per cent from its previous close....
SINGAPORE: World Bank President Robert Zoellick has said in 15 years the Chinese
yuan can become an alternative to US dollar as a global
reserve currency, with China`s
fast economic growth and efforts to internationalise the currency.
In an investment summit held on the sidelines of the 17th Asia-Pacific Economic Cooperation (APEC) summit here, Zoellick said Wednesday: "Though the Chinese currency now cannot be used easily overseas, but it will become more internationalised over the next 10 to 15 years," Xinhua reported.
"This does not mean that the yuan will replace the US dollar, but it can provide an alternative, and you have the multiplicity of the exchange rates," Zoellick said, noting the rise in the number of currency swap arrangements being inked between Beijing and governments around the world.
China signed the arrangements with its trading partners to avoid the risks posed by a volatile dollar.
Since mid-December 2008, Beijing has signed currency swap contracts worth 650 billion yuan (about $95 billion) with central banks in South Korea, Malaysia, Belarus, Indonesia and Argentina and Hong Kong.
These swap accords allow other overseas central banks to sell yuan to local importers who want to buy Chinese goods.
But the World Bank chief said the internationalisation of the yuan is still a long way off and as of today it is relatively secure to keep the dollar as the reserve currency.
Zoellick said to develop the multiplicity of the global reserve currency is part of the efforts to create a new global balance of growth in the post-crisis era as US consumers can no longer be the sole engine of global demand as in the past.
Zoellick said Americans should be reminded of the possibility of the dollar losing today`s predominance as a global reserve currency.
"My caution to the United States is that you have to fix your deficit and budget issues and don`t take it for granted this incredible blessing we earned through the hard work in the first 200 years or so," he said...
stocktobuy-SMEs are family-owned businesses!!Most SMEs will have to adhere to Clause 49 to appoint an equal number of external directors,if they want to come out with an IPO!!...
stocktobuy-industrial output could be bigger as China`s size is bigger then ndia`s!!...
