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Vodafone Idea Plunges 21% on Poor Q1 Show
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Source: moneycontrol
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Share price of India's largest telecom operator Vodafone Idea Ltd. touched 52-week low of INR7.30, down 21% intraday July 29, 2019 as the company reported poor numbers in the quarter ended June 2019. The company reported net loss at INR4,873.9 crore in the Q1FY20 against loss of INR 4,881.9 crore in the quarter ended March 2019. Revenue of the company decreased to INR11,270 crore from INR11,775 crore.
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Our Cases: |
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Reeling under intense competition and the changing dynamics within India’s telecom sector, Idea Cellular Ltd. and Vodafone India announced on March 21, 2017, that they had decided to merge in a $23 billion deal. To know about the rationale behind the Vodafone and Idea merger, read our case: |
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“Can Vodafone-Idea Emerge as India’s Top Telecom Provider?”
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“Idea – Vodafone Merger: Consolidation in the Indian Telecom Sector” |
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BMW Considers New Models Launch for Indian Market |
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Source: The Economic Times, July 25, 2019 |
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German luxury car-maker BMW is evaluating options of launching new products, including electric vehicles, in India in the coming few years. The company, which on July 25th, 2019 introduced two models -- all new sports activity vehicle X7 and new version of 7 Series sedan -- in the country, however added that the new product launches would depend on market conditions. |
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Our case: |
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BMW India launched its first car in India in 2007. The company launched several vehicles at different price points. BMW was positioned as an aspirational brand for young entrepreneurs and executives and adopted innovative strategies to reach the segment. To know about its strategies and the challenges it face from existing and new competitors, read our case: |
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“BMW’s Marketing Strategy in India” |
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Infosys wants to Monitor Steps to Minimize Attrition |
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Source: The Economic Times, July 25, 2019 |
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The Bengaluru-based software services provider reported 23.4% attrition rate in the quarter ending June 30, 2019. This includes people who were let go during the quarter. In the preceding three months, the attrition rate was 20.4%, while it stood at 23% the year-ago period. Infosys’ board of directors is directly monitoring measures to decrease employee attrition. The company seeks to bring that down to 13-15% in the long term.
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Our case |
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The IT Services industry in India has always been grappling with high attrition rate and Infosys is not an exception. Back in 2009-10, Infosys introduced Role and Career Enhancement (iRace) initiative to map positions with the skill level of an employee. Some of its employees were not happy with the cuts and rationalization imposed as part of the iRace initiatives. As a result, there was rise in attrition rate. To know about the company’s measures to decrease attrition rate and increase employees morale, read our case:
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“Infosys Role and Career Enhancement: A People Strategy or Fall from Grace?”
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Bosch Suspends 5-day Production in Tamil Nadu, India Plant |
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Source: The Economic Times, Jul 23, 2019 |
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The Indian subsidiary of German components manufacturer Bosch suspended five days of production at its plant in Gangaikondan, Tamil Nadu to adjust for shrinking demand amid an ongoing slowdown in the automotive industry. The plant handles production for Bosch’s Gasoline Systems business unit and manufactures power train sensors, fuel-delivery modules and air management components for automotive and two-wheeler systems. |
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Our case: |
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This is not the first time Bosch has suspended production in its India-based plants. As a result of the economic slowdown, Bosch had taken various initiatives to prevent inventory build-up way back in 2009. These included a temporary close-down of some plants and cutting back working hours in some plants in India. To know more in detail about Bosch’s initiatives to align its production with the falling demand, read our case:
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“Bosch's Initiatives to Avoid Inventory Buildup”
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