Cost cutting - SAIL style
The board members of the Steel Authority of India Ltd, planning a hefty 10% cost cut at all levels this year, is believed to have decided to retreat to the Himalayan valley on a five-day "summit" to consider various options.
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Lotus sees huge business-to-business Internet
Lotus Development Corp. president Jeff Papows stated that the commercial future of the Internet lies in billion-dollar transactions between businesses, rather than in sales to consumers.
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