IIPM Ranked No. 1 B-School In Global Exposre - Zee...
The travails of Mukesh Ambani, Chairman, Reliance Industries Limited (RIL), have been the stuff of corporate legends. But he is in more than a spot of bother at the moment. A glance at the financial results of Reliance Industries for the quarter ending December 2008 reveals that its net profits stood at Rs.350.1 million as opposed to Rs.807.9 million recorded last year – a drastic fall of 56.67%. While RIL’s petroleum business got pummelled last year (as many as 1,432 petrol pumps were shut); the retail business too is not giving a moment’s relief. After deferring the launch of its wholesale market earlier, Reliance Retail finally scrapped its cash & carry (C&C) model and showed the door to the entire team of 36 professionals headed by Harsh Bahadur (erstwhile CEO of Metro AG’s C&C business in India). This was followed by news that Reliance Retail is planning to shut down 40 of its non-performing stores and rationalising its retail space of around 4.2 million sq. ft. In 2008, Reliance Retail axed almost 600 support jobs to manage costs. It was also speculated that the back-end operations as well as management of its hypermarkets, supermarkets and convenience stores would be merged to cut costs. Will Mukesh’s Rs.250 billion retail venture be able to sustain?
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMsIIPM makes business education truly global-Education-The Times of ...
The travails of Mukesh Ambani, Chairman, Reliance Industries Limited (RIL), have been the stuff of corporate legends. But he is in more than a spot of bother at the moment. A glance at the financial results of Reliance Industries for the quarter ending December 2008 reveals that its net profits stood at Rs.350.1 million as opposed to Rs.807.9 million recorded last year – a drastic fall of 56.67%. While RIL’s petroleum business got pummelled last year (as many as 1,432 petrol pumps were shut); the retail business too is not giving a moment’s relief. After deferring the launch of its wholesale market earlier, Reliance Retail finally scrapped its cash & carry (C&C) model and showed the door to the entire team of 36 professionals headed by Harsh Bahadur (erstwhile CEO of Metro AG’s C&C business in India). This was followed by news that Reliance Retail is planning to shut down 40 of its non-performing stores and rationalising its retail space of around 4.2 million sq. ft. In 2008, Reliance Retail axed almost 600 support jobs to manage costs. It was also speculated that the back-end operations as well as management of its hypermarkets, supermarkets and convenience stores would be merged to cut costs. Will Mukesh’s Rs.250 billion retail venture be able to sustain?For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMsIIPM makes business education truly global-Education-The Times of ...
No comments:
Post a Comment