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Growing at 12% Compounded Annual Growth Rate (CAGR), the Indian Retail Market (IRM) is expected to touch trillion dollar mark in the year 2020. It accounts for over 10% of the countryu2019s Gross Domestic Product (GDP) and around 8% of the employment.
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About Us Welcome to CEO BottomLine, we are a community of like-minded CEOs belonging to small and medium-sized businesses from India. Our primary goal is to identify and empathise with the critical challenges faced by CEOs and helping them address the same. It's a CEO-to-CEO peer group with chapters in Gurgaon, Bangalore and Chennai. Its primary purpose is to assist Indian Entrepreneurs to thrive and manage challenges more efficiently. Visit site: www.ceobottomline.com
Economic Order Quantity (EOQ) The Economic Order Quantity (EOQ) is the optimum quantity of goods to be purchased at one time in order to minimize the annual total costs of ordering and carrying or holding items in inventory. EOQ is also referred to as the optimum lot size. In other words, it represents the optimal quantity of inventory a company should order each time, in order to minimize the costs associated with ordering and holding inventory. EOQ is an extremely effective tool for managers because they can use it to figure out what is the optimal amount of inventory to hold on hand as well as to calculate when to order more merchandise because new sales should be generated. Visit site: www.ceobottomline.com
Small & Medium Retailers, Brace Yourself For The FDI Impact It is not an easy task to fulfil the daily grocery needs of 1.2 billion people in India. It’s a very serious business and has emerged as world’s fifth largest retail industry in terms of economic value, currently valuing at US $600 Billion. Growing at 12% Compounded Annual Growth Rate (CAGR), the Indian Retail Market (IRM) is expected to touch trillion dollar mark in the year 2020. It accounts for over 10% of the country’s Gross Domestic Product (GDP) and around 8% of the employment. FDI in Indian Retail Market In 1997, the Indian retail industry took paradigm shift due to the opening of doors to the foreign brands. The potential in IRM has always attracted global single and multi-brands like Nike, Adidas, Gap, Apple, Starbucks, McDonald’s, Dominos, Walmart, Carrefour, Tesco, and others to become part of the growth story of IRM. The Indian large corporates have also started their own multi brand stores like Big Bazaar, Spencer’s, 24 by Seven, More, Easyday, Patanjali Mega Store and others.
Books Every CEO Should Read What makes a company from good to great? Well, the answer might lie in the leadership quality of the CEO of an organization, who usually possesses all of the 7 habits of highly effective people. These CEOs might be competing against time with every blink of the eye, and always game to challenge the smartest guys in the room. They start with why and go on to discuss the 48 laws of power and take extreme ownership when meetings are hectic and monotonous. Visit site: www.ceobottomline.com
Budget 2019: A Budget For The People, Of The People! • The double-digit inflation at 10.1% during 2009 – 2014 has been brought to 2.1% in December. • To ensure clean banking the 4R approach has been implemented: Recognition, Resolution, Recapitalisation, and Reforms. • Standard tax deduction for salaried people has been raised to Rs. 50,000 from Rs. 40,000. • After the major move by the government, approximately, 3 crore middle-class taxpayers earning up to Rs. 5 lakh will get tax exemption. • The TDS threshold on rental income has been raised to Rs. 2.4 lakh from Rs. 1.8 lakh. • The TDS on interest income from deposit in banks and post-offices has been increased to Rs. 40,000 from Rs. 10,000. • The gratuity limit has been increased to Rs. 30 lakh from Rs. 10 lakh. • Income tax return processes will be done in 24 hours.
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