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Haier makes a Rs 775 crore bet on Indian arm

The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).

Panasonic India revenue dips 10% in FY19; company to enter  IT infrastructure management

As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.

Godrej Appliances to invest Rs 700 cr in capacity expansion over next 3 yrs

"Godrej Appliances is all set to invest another Rs 700 crore by 2022. This latest announcement takes the tally of Godrej Appliances' investment in capacity and technology expansion to Rs 1,100 Crore over a period of six years," the Godrej & Boyce Mfg Co unit said.

Appliances and consumer electronics industry expected to double to Rs 1.48 lakh crore by FY25

The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing.

Global PE majors seek to sweep up Eureka Forbes

Discussions are currently on between the potential suitors & the Shapoorji Pallonji Group for a possible deal.

Finolex Cables launches range of electrical accessories

The manufacturer of electrical and communication cables has introduced a fast-moving range of electrical wire accessories to satisfy the growing demand for electrical products.

Inside Haier's plans to shed reticence and get aggressive in India

Haier disrupted the Indian refrigerator market with a bottom-mounted unit, and hasn't looked back since.

Nokia partners Flipkart to launch smart TVs in India

Flipkart has entered into a strategic relationship with Nokia that grants it the use of the Nokia brand for smart TVs in India – a global first for the brand in the TV category. Flipkart will leverage its understanding of the needs of Indian consumers to develop, facilitate the manufacturing and distribution of the Nokia branded smart TVs.

Xiaomi sells record five lakh TV this festive season

The company said it achieved this record in just 24 days from Navratri this year across sales platforms like its own e-commerce store mi.com, Flipkart, Amazon and all offline channels.

Consumer durables' sales grow 9-12% this festive season

Retail chains and brands say consumer electronics' sales has grown by 9-12% this Diwali.

OnePlus launches TV offline through Reliance Digital

OnePlus launches TV offline through Reliance Digital

OnePlus had unveiled its television in India through Amazon India marketplace last month and now rolling it out in offline stores. The India launch is a global first for OnePlus in the television space.

BSH Home Appliances sells one million washing machines in India

BSH Home Appliances sells one million washing machines in India

The company said it has seen a huge surge in sales from the metro markets in South India and even smaller towns are now buying premium front load washing machines.

Consumer durable firms look forward to festive season for sales revival

Consumer durable firms look forward to festive season for sales revival

Leading consumer durable maker Samsung, is expecting double-digit growth in TV panel market, during this festive season sales.

India to be global production hub for Sansui after corp tax cut

India to be global production hub for Sansui after corp tax cut

Jaina Group, which has 24 years license for the Sansui brand for India, Bangladesh and Sri Lanka markets, is going to invest around Rs 500 crore for a plant near Gurugram.

Amway aims up to 12% of India business from consumer durables segment

Amway aims up to 12% of India business from consumer durables segment

Amway India, as part of expansion of its product portfolio, also announced foray into emerging home air purifier segment and aims to clock sales of around Rs 100 crore in the next 12 to 18 months.

TV prices not to go down in festive season due to duty cut on component

TV prices not to go down in festive season due to duty cut on component

The finance ministry on Tuesday late night issued a notification to scrap import duty on open cell LED panel used in televisions from 5% to zero.

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