Moving quickly to improve performance can help retailers recover faster. This recent McKinsey paper, based on the experience of US retail industry, has lessons for organised Indian retailers who are faced with a slowdown in consumer demand, just when they are investing heavily in expansion.
Business Today's annual listing of India's best marketers features some players who did not have healthy bottomlines to report, but had still managed to expand their markets. The listing does not just acknowledge the success of individuals, institutions and corporations, but also presents a sampling of players that have opted for different routes to prise open their key constituencies. How did they do so? Shamni Pande reports.
You step into your neighbourhood shop to buy your weekly loaf of bread, say Modern Bread. The shop owner tells you about a new Britannia bread that, he claims, is better and worth trying. He even offers to take back the open pack of the bread if you didn't like it. You decide to try it out.
Golf courses are cropping up all over the world, in India especially. So, when it came to picking the five most stunning courses in the world, it wasn’t easy. From a course spanning six centuries in Scotland to one nestled on the coast of the Pacific, these are the five most stunning to our eyes.
The labels should bring life back into the business of quaffing wine. Imagine describing a wine as blonde, blueeyed and busty! Definitely better than evoking the glories of obscure names sommeliers drop.
It could only do 70 kmph and had to be driven in reverse when climbing a steep hill, but the Ford T, celebrating its centenary this year, brought about an automotive revolution. In the year of the Nano, we take a look at the world’s first mass produced and ‘affordable’ car.
Nothing says more about you than your home, but it’s sometimes difficult to translate your dreams into reality. We caught up with interior designer Vinita Chaitanya to get the ABCD of making your home feel like you.
Fugu is a poisonous blowfish that can kill the consumer within hours if cooked wrongly. it is banned in the eu and in Thailand. but in India, it has just arrived on the menu. bt more pays a visit to the first and only licensed fugu chef in the country.
Who says southern cuisine is all about idlis, dosas and sambhar? We take a culinary tour of some of the best southern restaurants in our metros. Anamika Butalia, Tejaswi Shekawat and Anumeha Chaturvedi find out.
Even before Chandrayaan's launch, while India and the world were worrying over the global financial meltdown, ISRO subsidiary Antrix had crossed a milestone unnoticed and unheralded. It delivered a communications satellite, the W2M, to the Paris-based Eutelstat, a leading telecom operator. Can India beat its cryogenic blues to get into big launches? K.R. Balasubramanyam and N. Madhavan probe the answer.
Today, with airline ticket prices and the BSE Sensex having switched roles, yesterday's bitter rivals Kingfisher Airlines and Jet Airways have struck a grand alliance that could also draw in Indigo and Paramount. Will it work? Or work against consumers? Kushan Mitra says that even as the airlines fight off one demon, they are faced with another: a weaker global economy.
The teaming up of Kingfisher and Jet was the outcome of the extremely difficult times the Indian aviation industry is passing through. But, it raises fears of a monopoly. Has the deal created a cartel that will leave passengers in the lurch? If so, which regulatory body is entitled to look into all the aspects of the deal? We try to answer these questions.
As the proportion of bad loans increases, and losses mount, many smaller banks will have to take a hard look at their lending activity. Are the balance sheets of India’s financial institutions strong enough to keep pace with the frenzied growth in credit, and the risk that comes along with it? Anand Adhikari finds out.
As capital becomes scarce in the global markets, foreign portfolio investors—the lifeblood running through domestic equities—turn their backs on India. This has got more to do with the stress in the financial system in their own backyard than any fundamental issues with the domestic market. Will they return, or should we be waiting for them at all? Rachna Monga goes into the details.
PMO pointman Pulok Chatterji, 57, is India’s next Executive Director to the World Bank. The Secretary to the Prime Minister will join the Bank in Washington D.C. for a three-year tenure in February, replacing Dhanendra Kumar.
Nilgiri Mountain Rail offers an incredible once-in-a-lifetime experience, but the Railways needs to act quickly to tap its business potential. Otherwise, this technological wonder will die a natural death. N. Madhavan takes the breathtaking journey on the steepest and longest mountain railway in Asia and a UNESCO heritage site. The journey turns out to be a peep into what bad economic rationale can do to a potential money-spinner.
From relying on traditional databases and then graduating to massive online databases, India Inc. is now making the next big shift—online. Today, it is socially networked. Companies have moved on to networking sites in order to reduce recruitment time and save costs. Rahul Sachitanand and Saumya Bhattacharya tell us about this New Age hiring.
The shimmer of the famed sari has begun to fade for there are few weavers left in Kanchipuram willing to dedicate their time and skills to produce pure contrast saris, known in common parlance as Kanjeevarams, which are considered works of art by themselves. Is this the start of the end for this once lucrative business? N. Varadarajan goes into the details.
Who are the country’s best marketers? What challenges did they have to overcome? How did they do so? And what was the outcome of their strategies? The fifth such Business Today listing answer all these questions and more.
Richard “Rick” Rashid runs Microsoft Research, the software giant’s crack 850-person unit, and has overseen breakthrough research in the areas of e-commerce, Internet and online products and its ubiquitous Office software. An avid science fiction fan and Star Trek junkie, Rashid met Rahul Sachitanand during his recent trip to Bangalore. Excerpts from an interview:
Founder of the $350-million (Rs 1,715 crore) advertising agency (which he sold off), Madison Avenue, George Fertitta is now tasked with selling an entire city, as CEO of NYC & Company, New York’s tourism promotion organisation.
Do you expect real estate prices to crash by the end of the current financial year?Yes. Shubhada Rao, Chief EconomistYES Bank The global financial crisis will affect real estate prices. We have already started seeing a significant correction across different geographies. Taking into account the correlation between the equity and real estate markets, the correction in the stock markets clearly indicates an imminent correction in the real estate market.
The slowdown and financial services turmoil notwithstanding, management consulting, banking & insurance, FMCG and investment banking are the top placement choices for final year students from premier Bschools. The slowdown, however, has affected placement prospects.
Foreign direct investment (FDI) inflows are more durable compared to other forms of capital inflows. FDI to India picked up dramatically in the last two years, but in now threatened by the global uncertainly.
Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Our partner: global professional services firm Ernst & Young. Here are the deals that were struck in October 2008.
The message in your cover package Crunch Time (BT, November 2) comes out loud and clear. Though financial booms and busts have played themselves out time and again, investors refuse to learn the right lessons and keep looking for alternatives. Their greed takes them to new markets and businesses from which they hope to augment their returns.
Jet Airways chairman Naresh Goyal’s very public outburst of emotion on October 16 when he revoked his company’s decision to lay off 1,900 employees was relevant both for what he said and what he did not—or could not.
The liberalisation of the economy brought with it a fresh wave of thinking—one that was unfettered by historic baggage. That, however, proved to be a flash in the pan as one now risks being branded by ideology, or, rather, by the lack of it.
Nandan Nilekani, Co-Chairman of Infosys Technologies, as head of an expert panel to review the Pension Fund Regulatory and Development Authority (PFRDA) plan to extend a pension package to the private sector. The group is expected to submit its report soon.