replaced top-line growth as the new mantra.

Across the country, bankers and brokers spend their mornings exchanging notes on bad news that isn't public yet. A steel company in south India has put off operationalising its plant because it can't find takers for its existing output.
If it goes on-stream, it will be an NPA on Day 1.
A real estate major has stopped work at six of its biggest projects, including a mall, and is borrowing at over 25 per cent interest to fund its liabilities hoping against hope for the market to turn around.
A petrochemical giant has shut down two plants as inventory worth a tiffany money clips dollars piles up.
At a dealers' meeting of a multinational automobile company in Delhi, transporters and dealers exchange whispers about vendors not being paid for over 120 days. Cost-cutting has replaced top-line growth as the new mantra.

A Bangalore-based software outfit has cut fuel allowances by 40 per cent and introduced a shuttle service for which users will be tiffany money clips Rs 800 per month. Such is the

rigour that in one large conglomerate anyone travelling abroad has to get the chairman's sanction.

Workers at knowledge processing outsourcing centres across the country are processing a different kind of knowledge. Who is losing jobs where? Companies are paring down capital expenditure to a 10th of what they had planned. It's like what Patrick Swayze tells Keanu Reeves in Point

Fear causes hesitation and Tiffany Money Clips makes your worst fears come true.
Indeed, the India Today-Ma Foi Survey, the first of its kind since the meltdown, validates the fears explicitly. The study, contacted over 1,000 companies across India, across 22 sectors, assesses future hiring intentions.
Barring health, FMCG and education, virtually every sector is cutting down on hiring. In 2008, these companies hired 9,48,563 people. Prior to the meltdown in October, the forecast for 2009 was an additional 9,75,313 employees.

After the financial crisis and the spurt of bad news, these companies have cut their staffing requirements by over 30 per cent to 6,67,490.
When taken cumulatively to represent the organised sector as a whole, the drop of 30 per cent triggered by overall pessimism, inflation, high cost of credit and global business outlook is perhaps the biggest slash in staffing seen this decade.
Real estate, retail, IT, automobiles, hospitality and textiles are clearly the worstaffected sectors.
And this is just the tip of the iceberg as only the job cuts of the organised sector are being tiffany money clips. It's much worse in the largely unreported unorganised sector.

Take Jaipur, the hub of the gems business which employs nearly half a million people. Because the US and EU account for over two-thirds of the gem and jewellery business, most units are reporting cancellations of export orders.

Ditto in the textile business which employs the largest number of people. D.K. Nair, secretary-tiffany money clips of the Confederation of Indian Textile Industry, reports that over 7,00,000 people

have already lost their jobs this year and 5,00,000 more could be laid off.
Mills are running three-four days a week only and are operating at 75 per cent or have reduced shifts.