Popular Articles

Banks credit-deposit ratio declines to 61.31%
With the economic slowdown impacting the demand for credit, the credit-deposit (CD) ratio of the commercial banks in Orissa declined by 4.08 percent by the end of September compared to the same period last fiscal.

Shipping Min seeks three-fold hike in budgetary allocations
The Shipping Ministry has sought a three-fold increase in budgetary allocations at Rs 1,055 crore for ports in the country in the next fiscal.

News of the day

Welcome rains in Uttarakhand
Breaking a long dry spell, Uttarakhand and its nearby areas today received rainfall in the plains and snow in the higher reaches of the Himalayas. Experts said the rains, which came after a dry spell of two months, would auger well for the agriculture sector. Anand Sharma, director the metereological department, said light rains had occurred in areas like Tehri, Mukteshwar and Dehra Dun. “The trend may continue for one more day at least in the Kumaon region,” he said.
International Business

PC sales post 7% -ve growth for first time: MAIT

Personal computer (PC) sales in the country recorded a 7 per cent negative growth for the first time due to the economic slowdown during the last fiscal 2008-09. - ICICI Bank serves notice on HDFC Bank"s HR head - A powerful worry - Power outages cost India Inc over Rs 43,000 cr - FinMin to meet software industry on double taxation issue - BGR Energy bags Rs 16cr order from Maithon Power - PC vendors pin their hopes on India The total PC sale during the last fiscal (2008-09) was 67.9 lakh units, which indicates a decline of 7 per cent over the previous year (2007-08), Manufacturers" Association for Information Technology (MAIT) today said. But with the business sentiment gradually gaining momentum PC consumption in the current fiscal 2009-10 is expected to cross 73 lakh units registering a 7 per cent growth, it added. "IT consumption in 2008-09 was severely impacted, especially in the second half of the fiscal, by the slowdown. Notebook sales declined by 17 per cent compared to a 114 per cent growth in the previous year and sales of desktops also declined by 4 per cent," MAIT Executive Director Vinnie Mehta told reporters here. During the year 2008-09, multinational brands accounted for 51 per cent of the total desktop market registering an 8 per cent growth over the previous year. Meanwhile, the market share of the Indian brands fell to 18 per cent from 22 per cent. Assembled and unbranded systems also witnessed a de-growth in their market share to 31 per cent from 33 per cent in the previous fiscal.


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