For the third month in a row, the March sales of automobiles have been better-than-anticipated, bringing a reported 21.87 percent increase in the total sales of Maruti Suzuki India (MSI) during the month. A year-on-year comparison between the sales figures for March indicates that the sales jumped from 70,296 units last year to 85,669 units.
The Bangalore-based Navratna defence PSU Bharat Electronics Limited (BEL) has reported a `provisional' turnover of Rs. 4,618 crore for the year 2008-09, indicating a 12 percent increase over the year-before turnover figures of Rs. 4,102.54 crore.
In terms of the turnover per employee, figures depicted a year-on-year increase from Rs. 33.16 lakh to Rs. 38.6 lakh. The value added per employee also depicted an increase from Rs. 16 lakh to Rs. 18 lakh, as BEL exports also went up nearly 15 percent - from $15.43 million to $17.75 million.
In its profit after tax (PAT) statement reported Thursday, the state-managed Bharat Heavy Electricals Ltd (BHEL) said that in the financial year that ended March 31, 2009, the company's year-on-year PAT figures showed an increase of 6.9 percent.
While Indian power equipment maker's profit after tax was Rs. 2,859 crore in the financial year 2007, the figures this time round touched Rs. 3,039 crore.
The forthcoming Palm Pre and Web OS might just bring Palm some kind of a turnaround of fortunes, especially after the struggling company reported a 72 percent plunge in the smartphone revenue in the most recent quarter!
The Sunnyvale, California-based company reportedly generated $77.5 million in revenue, after a 42 plunge in the total sales of its smartphone devices to 482,000 units. The company's total revenue figures of $90.6 million also fell short of analysts' expectations of $105 million.
Max New York Life, one of the earliest entrants into the private insurance market, grew 54% on new business premium in the first nine months of the current fiscal. It has also gone for major expansion last year. Rajesh Sud, the CEO and managing director of Max New York Life, who took charge four months ago, spoke to DNA Money's Nandini Goswami on a host of industry and company specific issues. Excerpts from the interview:
How has the current slowdown affected MaxNYL's business and how do you see the situation unfolding in the coming months?
Zurich - Adecco, the largest staffing company globally, said Wednesday it suffered a 22 million euro loss in the final quarter of last year and that its profits for 2008 fell 33 per cent to 495 million euros.
Moreover, the Swiss company's revenues for the entire year fell by 5 per cent to 20 billion euros.
"Looking into the near future, management currently sees no signs of improvement," the company said in a statement.
For the third month in a row, the March sales of automobiles have been better-than-anticipated, bringing a reported 21.87 percent increase in the total sales of Maruti Suzuki India (MSI) during the month. A year-on-year comparison between the sales figures for March indicates that the sales jumped from 70,296 units last year to 85,669 units.
The Bangalore-based Navratna defence PSU Bharat Electronics Limited (BEL) has reported a `provisional' turnover of Rs. 4,618 crore for the year 2008-09, indicating a 12 percent increase over the year-before turnover figures of Rs. 4,102.54 crore.
In its profit after tax (PAT) statement reported Thursday, the state-managed Bharat Heavy Electricals Ltd (BHEL) said that in the financial year that ended March 31, 2009, the company's year-on-year PAT figures showed an increase of 6.9 percent.
The forthcoming Palm Pre and Web OS might just bring Palm some kind of a turnaround of fortunes, especially after the struggling company reported a 72 percent plunge in the smartphone revenue in the most recent quarter!
Max New York Life, one of the earliest entrants into the private insurance market, grew 54% on new business premium in the first nine months of the current fiscal. It has also gone for major expansion last year. Rajesh Sud, the CEO and managing director of Max New York Life, who took charge four months ago, spoke to DNA Money's Nandini Goswami on a host of industry and company specific issues. Excerpts from the interview: 
Zurich - Adecco, the largest staffing company globally, said Wednesday it suffered a 22 million euro loss in the final quarter of last year and that its profits for 2008 fell 33 per cent to 495 million euros.
