Make a virtue
The signs are unmistakable. Even before runaway world oil prices make their full impact felt, bad news seems to be pouring in from all economic fronts: the slowing down of the GDP growth rate to 5.8% in April-June from 6.9% in the same months last year, fully 81 out of 129 sectors
Jayalalitha II?
When in a previous avatar the Atal Bihari Vajpayee government was constrained to pay obeisance to Jayalalitha, it aroused deep public sympathy for a beleaguered government trying to work in an impossible coalition.
Tactfully proceeds downsizing
Old established cos are today pitted against competitors with new products, new technologies, and manpower smaller in size but more productive. Under these conditions, in the face of sliding income and profits, the beleaguered company looks for ways to reduce employee costs and protect its financial viability.