Public Sector

Debenhams' profit margin gains offset sales fall

Debenhams' profit margin gains offset sales fall

According to Debenhams (DEB.L), Britain's second-biggest department store group, a fall in underlying quarterly sales was counter balanced by rising profit margins as it gained share in a tough retail market it expected to get tougher.

Chief Executive Rob Templeman, echoing comments from other UK retailers, said on Thursday, that tax increases and public sector spending cuts announced in the coalition government's June 22 emergency budget would lower down consumers’ confidence and disposable income.

From 25,000 Crore Current Year, Disinvestment Targets Elevated to 40,000 Crore

Pranab-MukherjeeThe revenue target has been increased by the Government from sale of Government equity in Public sector equity at Rs 40,000 Crore in 2010-11 exceeding Rs 25,000 Crore aimed in the current fiscal.

Government plans to offload 10% stake in BHEL

Government plans to offload 10% stake in BHELThe government may offload 10% stake in Public Sector Navratan, Bharat Heavy Electricals Ltd (BHEL).

Presently, BHEL builds equipments that are able to generate the power capacity of 10,000 MW. The Power major is planning to increase its power capacity to 15,000 MW per annum by December this year. It projects to raise the power capacity to 20,000 MW by 2011-2012.