{"id":251,"date":"2008-12-03T08:21:00","date_gmt":"2008-12-03T12:21:00","guid":{"rendered":"http:\/\/hepguru.com\/blog\/?p=251"},"modified":"2008-12-03T09:38:46","modified_gmt":"2008-12-03T13:38:46","slug":"strategies-to-operate-in-this-liquidity-crisis","status":"publish","type":"post","link":"https:\/\/hepguru.com\/blog\/2008\/12\/strategies-to-operate-in-this-liquidity-crisis\/","title":{"rendered":"Strategies for operating in this liquidity crisis"},"content":{"rendered":"<p>From <a href=\"http:\/\/en.wikipedia.org\/wiki\/Ratan_Tata\">Ratan Tata<\/a>&#8216;s letter to all <a href=\"http:\/\/en.wikipedia.org\/wiki\/Tata_Group\">Tata companies<\/a> (dated: Nov 6 2008):<\/p>\n<blockquote><p>Under the circumstances I consider it essential that each of our companies should consider:<\/p>\n<ul>\n<li>the conservation of cash to the maximum extent possible<\/li>\n<li>draw down all loans \/ lines of credit from banks and institutions to the maximum extent possible<\/li>\n<li>expeditiously finalise pending load and funding agreements, even if they involve accepting higher rates of interest<\/li>\n<\/ul>\n<p>Companies should also take finite steps to:<\/p>\n<ul>\n<li>improve operational efficiency<\/li>\n<li>aggressively implement restructuring of internal cost framework<\/li>\n<li>drastically reduce operating expenditure<\/li>\n<li>defer non-essential capital expenditure and capacity expansion<\/li>\n<li>put on hold any plans for acquisitions unless considered strategically critical<\/li>\n<\/ul>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Ratan Tata&#8216;s letter to all Tata companies (dated: Nov 6 2008): Under the circumstances I consider it essential that each of our companies should consider: the conservation of cash to the maximum extent possible draw down all loans \/ lines of credit from banks and institutions to the maximum extent possible expeditiously finalise pending [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-251","post","type-post","status-publish","format-standard","hentry","category-quoted"],"_links":{"self":[{"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/comments?post=251"}],"version-history":[{"count":0,"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/posts\/251\/revisions"}],"wp:attachment":[{"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/media?parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/categories?post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hepguru.com\/blog\/wp-json\/wp\/v2\/tags?post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}