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Despite having posted the quite favorable 2009 second quarter results, there are indications that Apple is cutting costs in order to battle out the impact of the still-ongoing financial meltdown - laying-off full-time retail employees being one of the practical measures undertaken by the company.
In its 10-Q form filed with the SEC, Apple has made a mention of 14,000 full-time retail employees at the end of the last quarter; though the number of employees mentioned in the same document, for the December 2008 quarter, was 15,600.
Surya Brasil, a Brazilian personal care firm, has plans to setup up a manufacturing facility in the India, to cater the growing demand for its products in the region.
Currently, the company has 8 distributors throughout the country and its products are available at major retail chains. The firm has been operating in the country, for the past two years.
The company expects to clock turnover of Rs 1 crore this fiscal, with the setup of new manufacturing facility. Presently, the company has three manufacturing units in Brazil.
Audi will literally on a roll over the next few years - what with more than 40 of its models to be in the markets by 2015; and the new models to be lined up for their respective launches, one following the other! By this year-end, 32 Audi models will be available, inclusive of the lately-launched A4 Allroad, A5 and S5 Cabriolet, TTRS and the R8 V10.
JK Tyre & Industries, a leading automobile tyre manufacturer, sketched an investment plan worth Rs 270 crore for expanding its production capacity of off-the-road (OTR) tyres by 2011.
The company currently has 42 per cent share in the 95,000-units domestic OTR market in the country, which are used for application like mining and excavation.
Van Heusen, the premium formal-wear brand from Madura Garments, is targeting a turnover of Rs 400 crore by 2011-12 as against Rs 250 crore now on the back of new stores.
According to reports, it has been revealed that the company intends to open 75 exclusive stores over the next three years focusing on Tier II and III cities.
The firm is eyeing 25-30 per cent of the business from Tier II and III cities by 2011-12.