24% Hike in PC Sales Recorded for Third Quarter

Recent official figures have revealed that for the July-September quarter this year, sales of personal computer across India recorded a 24% quarter-on-quarter rise. On the back of an increased demand, improving economic condition and PC sector's growth, total number of personal computer sold around the country for the aforementioned period was recorded as about 22 lakh.

Asserting that the year's third quarter saw a strong boost in consumer confidence, IDC India Country Manager Kapil Dev Singh said, "This performance underlines the recovery in the PC market".

An analysis of individual data revealed that desktops accounted for about two-thirds of the total sales, at 14.58 lakh units, and the remaining 7 lakh units were netbooks. PC shipments also recorded a rise for the third consecutive quarter, after sharply falling from 22.59 lakh for July-September 2008 to 15.60 lakh in October-December 2008.

"Commercial PC sales can be expected to steadily improve as the economy recovers. Even though the consumer PC segment recorded a faster 28 per cent growth, the industry will need to watch how the recovery in consumer PC shipments unfolds in the quarters ahead", IDC India lead PC analyst Sumanta Mukherjee said.

The computers market was dominated by HP with a share of 17.1%, with Dell and Acer closely following with shares of 11.3% and 11.1%, respectively


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.