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Tag: turnover

  • ISRO’s Antrix earns Rs 1860 crore in 2014-15, up Rs 700 crore from 2010-11

    ISRO’s Antrix earns Rs 1860 crore in 2014-15, up Rs 700 crore from 2010-11

    NEW DELHI: The turnover of Antrix Corporation Limited, the commercial arm of the Indian Space Research Organisation (ISRO), was Rs 1860.71 crore (unaudited) during 2014-15 as compared to Rs 1113.58 crore in 2010-11, the Parliament has been informed. 

    Earlier, Minister in the Department of Space had informed the Parliament that India had earned a sum of approximately Rs 662 crore ($17 million and 78.5 million Euros) by launching 45 satellites from 19 countries using ISRO’s Polar Satellite Launch Vehicle (PSLV).

    Antrix has signed agreements for launching 28 more foreign satellites from six countries namely Algeria (3), Canada (4), Germany (4), Indonesia (2), Singapore (6) and the United States (9).

    The launches of these foreign satellites are envisaged during the 2015-2017 time period. Discussions with foreign agencies and companies are going on for providing launch services to their satellites on-board ISRO’s PSLV and Geo-synchronous Satellite Launch Vehicle (GSLV).

    The details of the commercial income generated by Antrix for the last five financial years are: 

    (Rs in crore)

  • Bajaj Electricals eyes Rs 5,000 crore turnover in fiscal 2014-15

    Bajaj Electricals eyes Rs 5,000 crore turnover in fiscal 2014-15

    KOLKATA: To commemorate completion of 75 years of business in 2013, Bajaj Electricals, has kept aside Rs 15 crore out of the Rs 60 crore earmarked for advertising and promotion during fiscal 2013-14 for both above the line (ATL) and below the line (BTL) activities. The company has tapped all media and even created a software application (app) to mark the occasion.

     

    What’s more, the manufacturer of lights, fans and home appliances is targeting a sales turnover of Rs 5,000 crore in fiscal 2014-15.

     

    Bajaj Electricals chairman and managing director, Shekhar Bajaj, confirms: “In the current fiscal (2013-14), we are looking at a turnover of Rs 4,200 crore. In the next fiscal (2014-15), the company is looking at a turnover of Rs 5,000 crore.”

     

     Of Bajaj Electricals’ six strategic business units – engineering and projects, home appliances, fans, lighting, luminaries and Morphy Richards – the company will continue to focus on home appliances, wherein it is practically the market leader.

     

    “Every year, on an average, the company sells 37 lakh irons and more than 15 lakh mixers,” informs Shekhar Bajaj, stressing that the company will remain focused on low-end home appliances and will not venture into the white goods’ sector. “We are practically the market leader in almost the entire home appliances segment comprising fans, toasters, OTG and others. We have a competitive edge in that segment,” he adds.

     

    As for engineering and projects, Bajaj Electricals joint managing director Anant Bajaj informs that as on 1 December, 2013, the division’s order book stood at Rs 2,100 crore approximately. Of which, orders worth nearly Rs 1,000 crore are from rural electrification projects, a majority of them under the Rajiv Gandhi

     

    Gramin Vidyutikaran Yojana. Plus, the unit will start the next fiscal (2014-15) with an order book of about Rs 1,500 crore; he adds.

     

    The engineering and projects vertical clocked revenues of Rs 1,200 crore in the current fiscal and is looking to clock Rs 1,500 crore in the next fiscal, concludes Anant Bajaj.

  • Pay-TV revenue surpasses FTA TV turnover in Spain

    Pay-TV revenue surpasses FTA TV turnover in Spain

    MUMBAI: Spanish pay-TV revenues outrun free-to-air (FTA) TV services in terms of revenues in 2012. Pay-TV turnover amounted to €1.7 billion in 2012, surpassing for the first time in its history, FTA TV revenues which amounted to €1.6 billion, advanced television reports, citing data released by Spanish telecoms regulator CMT. Pay-TV revenues grew by 2.5 per cent year-on-year, while FTA TV services dropped 17.9 per cent in 2012.

    Satellite pay-TV revenues climbed 8.4 per cent year-on-year to €1.06 billion in 2012. Mobile TV and IPTV revenues increased by 14.6 per cent and 11.6 per cent respectively; whereas cable and pay-DTT sales fell 11.6 and 19.3 per cent respectively.

    Spain‘s pay-TV user base dropped by 351,636 subscribers or 7.5 per cent in the period. Spain ended 2012 with 4.3 million pay-TV users, with satellite technology accounting for 41.3 per cent, followed by cable with 32.7 per cent, IPTV with 18.8 per cent and pay DTT with seven percent. The IPTV user base saw the most dramatic decline, shedding 126,566 subscribers in the period, followed by cable with 97,665 and pay-DTT with 93,157.