The economic times


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The economic times

  1. 1. The Economic Times(weekly news)<br />Submitted by-<br />Jaisna MBA 2( c)<br />
  2. 2. Dabangg may not catch up with 3 Idiots after first week<br />Dabangg has overtaken 3 Idiots featuring Aamir Khan in its first weekend collections, both the movies are at par when it comes to worldwide collections for Friday, Saturday and Sunday.<br /> Idiots in its opening weekend grossed Rs 90 crore from worldwide box-office (Rs 68 crore Indian and Rs 22 crore overseas) while Dabangg too earned Rs 90 crore worldwide (Rs 80 crore India and Rs 10 crore overseas). "No doubt at the Indian box-office Dabangg has surpassed 3 Idiots' weekend collections. At the end of first week, Dabangg may earn same as 3 Idiots<br />
  3. 3. Dabangg is a shorter film compared to 3Idiots therefore cinema halls could showcase more number of shows over the weekend," said Ashish Saksena, COO, Big Cinemas. Dabangg has a wide release across 1,500 screens.<br />Experts believe Dabangg may not be able to cross box office gross collections of Rs 180 crore (India and overseas) set by Aamir Khan's blockbuster in the first week. Dabangg is expected to fetch around Rs 155 crore worldwide in its first week.<br />
  4. 4. IT revival: Infosys may lag behind TCS, Wipro<br />Top listed IT companies have seen a sustained investor interest during the current stock market rally, with the market capitalisations of TCS, Infosys, and Wipro touching record levels.<br />Survey conducted by the global research agency Gartner, industries hardest hit by the global financial crisis two years ago showed signs of revival in the first half of 2010. The report also highlights that the rebound spans across sectors including financial services, retail, manufacturing, utilities and healthcare. This is assuring since these sectors contribute more than two-thirds to Indian IT exports.<br />
  5. 5. The performance of each IT player will, however, differ based on their past strategies and investors need to consider this while making fresh investments in IT stocks. Take for example Infosys. The stock is trading at 28 times its trailing 12 months earnings, the highest valuation among the top four IT players.<br />However, its earnings have more or less stagnated in the past four quarters. Its net profit, in fact, fell marginally by 1% in the 12 months ended June 2010 on year-on-year basis. Its peers, TCS and Wipro, reported 32% and 23% profit growth by similar comparison. The company has not pursued inorganic growth as aggressively as its peers and this could explain the stagnant operating growth. <br />
  6. 6. In future, TCS and HCL Tech are expected to grow at a faster clip than Infosys. For TCS, allround growth across verticals and geographies aided by its past acquisitions would add to the growth. HCL Tech has started reaping benefits of the acquisition of Axon.<br />
  7. 7. Workers quit jobs to get rid of bad bosses, says book<br />MELBOURNE: Workers quit jobs to get rid of bad bosses even though they like their workplaces, says a new book.<br />Workplace management expert Tony Wilson, who wrote the book "Jack and the Team that Couldn't See", said bosses should look at themselves when staff resign, rather than blaming factors such as salary and workplace environment. <br />According to Australian newspaper Herald Sun, the author pointed to a survey by global research organisation Gallup that found the calibre of the boss was the primary reason people stayed -- but also the main reason people left.<br />
  8. 8. He also cited a research from Indiana University which found that a worker's relationship with their boss was as important as their relationship with their spouse. <br />Wilson claims most managers spend too much time on operations, systems, strategy, products and services rather than people. <br />"While these are important pieces in the performance puzzle, they spend relatively little time developing their people - their greatest competitive advantage," he said. <br />Among the important areas bosses need to concentrate on were providing clarity on their expectations of staff, constant feedback and open and honest communication, Wilson suggested.<br />
  9. 9. "Every day this aspect of leadership becomes more crucial, yet time and time again I see managers who cannot relate to their staff or whose irregular moods bring everyone down," he said. <br />"A manager must develop trust and respect through their treatment of people."<br />