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