TATA Motors have not yet come out with the official numbers of Tata Nano booking. But its wide spread that the numbers have crossed one million.
TATA Motors say that the official numbers will come in few days, they are in the process of counting the forms.
Even the banks which took Nano financing and booking didn't give the numbers.
The only source giving the number was carwala.com which accepted the booking of NANO online. Carwals has booked around 10,000 cars from around 500 cities.
Out of these 10K bookings 55% of the bookings have been done for the top version and 25% and 20% for middle version and the base model respectively.
I will update the exact number of bookings as soon as the company comes out with the list. Be a backed for it!
Showing posts with label TATA Group. Show all posts
Showing posts with label TATA Group. Show all posts
Sunday, April 26, 2009
Tuesday, April 21, 2009
TCS bonus issue 1:1
It seems TCS has not felt the pinch of recession as it is offering bonus issue during recession in a ratio of 1:1.
This is the second bonus issue by the company since it went public five years ago. It had announced a similar bonus in 2006.
Bearing the brunt of global slowdown, TCS battled price re-negotiations and drying up of new software development projects, but maintained operating profit margins by moving thousands of employees from expensive onsite locations to offshore sites, bringing down travel expenditure and other expenses. The company said more than 40-45% of its customers have been reporting decline in revenues and more than 50% were reporting decline in profits.
The company’s net profit grew 4.6% year- on-year to Rs 1,314 crore, while revenues grew 17.7% to Rs 7,171.8 crore in the fourth quarter of FY09. However, for the first time since it went public in 2004, TCS has recorded a quarter-on-quarter decline of 1.4% in revenue. via
In my view this is a good step by a Tata Group , providing relief to share holders during bad times. TATA group has always been ahead in a social cause.
This is the second bonus issue by the company since it went public five years ago. It had announced a similar bonus in 2006.
Bearing the brunt of global slowdown, TCS battled price re-negotiations and drying up of new software development projects, but maintained operating profit margins by moving thousands of employees from expensive onsite locations to offshore sites, bringing down travel expenditure and other expenses. The company said more than 40-45% of its customers have been reporting decline in revenues and more than 50% were reporting decline in profits.
The company’s net profit grew 4.6% year- on-year to Rs 1,314 crore, while revenues grew 17.7% to Rs 7,171.8 crore in the fourth quarter of FY09. However, for the first time since it went public in 2004, TCS has recorded a quarter-on-quarter decline of 1.4% in revenue. via
In my view this is a good step by a Tata Group , providing relief to share holders during bad times. TATA group has always been ahead in a social cause.
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