Despite economic worries and woes worldwide, Hyundai Motor India gives some good news.
The country’s second-largest carmaker in its report of today stated that the company has earned 12.4 percent increase in its total sales in September to 57, 808 units.
The company’s sales in the last year were 51,444 units, confirmed by Hyundai Motor India Ltd (HMIL) in its statement.
As per the information provided by Gartner, the world's leading information technology research and advisory company, has recently claimed that following his shipments business profit index, the Asia Pacific server market was able to fetch a record breaking profit of 24%.
Besides these profit figures, company officials also claimed that in the same quarter, their revenue accounts too rose by 26.1%.
Tiffany & Co. (TIF) is known as the world’s second-largest luxury jewelry retailer. The company has recently announced about its increasing sales in the Asia-Pacific region that has completely beaten the analysts forecast.
According to reports, South East Asian market growth lifted the prudential profits. The claim was made as the organization announced that due to the market expansion their half- year net profit was increased by 25%.
The Company official also accounted that as compared to the previous year profits, which were recorded at £968m, this year, in just six months, the company gained £1.06bn.
World economic outlook is totally uncertain for all but seems not for Global miner Rio Tinto, as it is confident to gain double demand for its main products of iron ore, coal and aluminum ahead.
According to reports, Standard Chartered PLC’s Chairman, Jon Peace, while talking at press conference announced that by implementing the right plans for Asia, Africa and the Middle East, in first-half, the bank was able to extend its profits figures to 20% and after the increase, UK’s net profits also recorded mount of $2.52 billion.
The report further claimed that due to increased business interest rates, along with Indian revenues, which fall by 12%, business profit also dropped by 39%.
According to recent developments in the market, there has been a major drop in the sensed in India. There are now speculations that this happened due to the rise in valuations, after there was a two-week rally in the position of equities.
SKS Microfinance has announced a net loss of Rs 70 crore for the period ended on March 31 because of annulment of processes in many parts of Andhra Pradesh.
For the fiscal 2010-11, the net profit of the country's first listed public company in the microfinance sector dropped 36% to Rs 111.63 crore as against Rs 173.95 crore during the previous year.
Uflex has announced an over three-fold increase in its net profit to Rs 695 crore for the fiscal year ended March 31, 2011 on account of sturdy demand.
During the previous year, the company registered a net profit of Rs 190 crore.
Flexible packaging firm attributed its sturdy quarter income to hefty demand styles across the world and growing production capacitances across its plants based in Egypt, Mexico, Dubai and India.
After the shock from Infosys, Tata Consultancy Services (TCS) on Thursday declared a better set of numbers in proportion to analysts' prospects.
Although the TCS's quarterly income surpassed the Rs 10,000 crore mark for the initial time, profit margins for the three month period ended March 2011 dropped in a marginal manner on a year-on-year basis on currency variations and advanced taxes.