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Updated: Nov 15 2012, 10:24am hrs
Action plan after Nov 17 if not paid: KFA employees

Kingfisher Airline employees, who have not received their May salary despite an assurance from the airline management, are likely to chalk out an action plan next week, if they do not receive their dues by November 17. Diwali has come and gone but we have still not received the salary for the month of May. The management, as usual, has once again backtracked on its commitment and there is no word from them on payment, sources in airline staff told PTI. We will wait till Saturday for the payment of May salary. If the airline does not pay by November 17, we will chalk out our further action plan, they said. The grounded airline continues to maintain silence over the payment to its nearly 3,000 employees, despite an assurance from the management last month that the third tranche of the dues would be paid by Diwali, they said. A text message sent to airline spokesperson did not elicit any response.

Smartphone sales up 47%, mobile dip 3%: Gartner

Despite a 3% dip in global mobile phone sales to 428 million units in the third quarter, smartphone sales jumped a full 47%, according data released by research firm Gartner. It said Korean major Samsung widened the gap with Apple taking the share of such handsets to 39.6% of the total cellular phones sales. Smartphones continued to fuel sales of mobile phones worldwide with sales rising to 169.2 million units in the third quarter, Gartner said, adding that the smartphone market is dominated by Samsung and Apple. The quarter also saw Samsung becoming the largest mobile handset market with 22.9% of the overall market share, selling 98 million units, up from 18.7% a year ago, it said. This has had the Finnish major Nokia slipping to No 2 slot with only 19.2% global share, down from 23.9% a year ago, Gartner said. The iconic Apple is at a distant third place with 5.5%, up from 3.9% a year ago, it added.

Gammon India Q2 net loss at R39.44 crore

Infrastructure major Gammon India on Wednesday reported a net loss of R39.44 crore for the July-September quarter, largely due to flat sales and increased finance costs. The company had reported a net profit of R4.13 crore during the corresponding period of the previous fiscal. Net sales of the company declined marginally by 1.41% to R1,086.18 crore during the quarter vis-a-vis R1,101.72 crore of the second quarter of FY12, it said in a filing to the BSE. Besides, its finance costs increased by over 22% to R104.42 crore during the quarter, while its expenditure went up by 1.42% to R1,052.18 crore. The company also reported a forex loss of R1.72 crore during the quarter due to fluctuations in dollar-rupee exchange rate.

Sonata Software reports R26-cr loss in Sept quarter

Bangalore-based IT consulting and software services firm Sonata Software on Wednesday reported a consolidated net loss of R25.98 crore for the September quarter, against a net profit of R9 crore a year ago, despite growth in revenues. The company attributed the poor numbers to the losses incurred on sale of its subsidiary TUI InfoTec during the quarter. During the quarter, Sonata Europe divested its 50.1% shareholding in TUI InfoTec, its joint venture in Germany...at a loss, it said, adding the losses are extraordinary in nature. As part of this deal, Sonata was accorded status of a preferred partner for IT services to TUI Travel. Further, the offshore development centres currently being run by Sonata for TUI Travel and TUI InfoTec will continue, it said.

DLF claims land sale helps reduce debt

The countrys largest realty player DLF has reduced its net debt by R2,000 crore during the ongoing quarter to R21,220 crore on the back of sale of its prime land in Mumbai to Lodha Developers. Its current net debt stands at R21,220 crore against R23,220 crore as on September, according to an analyst presentation by the company. The realty company will also launch 9-10 million sq ft of real estate projects during the second half of the current fiscal. As on date, net debt position is R21,220 crore... With the consummation of the balance divestments, the net debt of R18,500 as on March 31 is highly achievable, it added. The net debt, however, went up by R540 crore during the July-September period to R23,220 crore, the company said.

Maruti Suzuki to use Qlik Techs biz platform

Maruti Suzuki India has selected Qlik View Business Discovery platform from Qlik Tech to help it expedite business decision-making and improve operational efficiency across the enterprise, the Sweden-based company said. Qlik Tech is a leading provider of business intelligence software.