It’s not just Cabinet ministers, or those with Cabinet rank (Nandan Nilekani has moved from the Oberoi Hotel to the more austere India International Centre) who are practising austerity. The Delhi Metro Rail Corporation is in cost-cutting mode as well. For the past few weeks, its ‘yellow line’, from Jahangirpuri to Central Secretariat, has most of its lights switched off during the day. And, at an ONGC press conference, someone asked Chairman R S Sharma about austerity drives; he said the company had thought twice about holding the conference at the Oberoi Hotel but then decided to go for it.
A Hindi movie aficionado would be familiar with Wake up Sid, released in 2009. Now Bangalore has its own version of Wake up Sid, though not in movie ...
Operating margins down 230 basis points q-o-q on higher employee costs and other expenses
Analysts expect volume pressure to continue; profit growth likely to be intact