World is facing the scorching heat of recession. Not only we have reduced our daily expenditure to match the increased price of products, companies have been forced to reduce their cost to remain competitive in the market where it is loosing orders from even loyal customers - the effect is transmitted to the employees in the form of pink slips.
Sometimes back I told that some companies does not care about recession(read Recession? Whoa cares?). Now it's time to shop for few smart companies .Like ITC & Accor group are in the race for acquiring the six hotel properties of Unitech all over India. The global auto sector is the worst hit of recession. So the suppliers of auto parts has experienced steady decline in their sales. So cash rich companies like Amtec Auto is also aiming to aquire Unitech properties at the reduced market price. British firm private equity firm Duet group has acquired three hotels in India also.
If we watch Indian aviation sector, it is a war-torn picture like Pearl harbour. For last few years, this sector has seen bloodbath which initiated employee lay offs, cancelling of new aircraft orders & increased air fare. But the hero is Go - Air, who has a concrete plan to add 20 brand new air crafts to its fleet this year.It is also in search for new partners for flying global.
Indian BPOs are concerned about new political environment of US. It has already lost a significant revenue due to global turn moil. But Indian firm Aegis has led the way by acquiring Philippines based company -People support for USD 250 million.
So it is a time to be en cashed by those firms who have managed themselves efficiently. Those smart firms will be able to leverage this opportunity to lead in the post recession market. Indian firms have this extreme opportunity as they are more cash rich firms compared to the western countries.
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