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Chinese invaders giving a tough competitive call to Indian TV players

As per regulatory filings made by the company to Registrar of Companies (RoC) and accessed through business intelligence platform Veratech Intelligence, the Korean firm reported a drop in television sales by 8.6% to Rs 3,444.98 crore in 2018-19.

Why Sony and Panasonic are struggling to sell in India

Industry watchers attribute it to their weakening brand pull among younger customers and premium pricing vis a vis Chinese rivals such as Xiaomi and TCL, particularly at a time when Indian consumers are cutting down on consumer spending. The Korean duo of LG and Samsung have so far resisted the Chinese onslaught by dropping prices.

New energy label norms: Five-star refrigerators to cost Rs 6,000 more, says CEAMA

The new energy labelling norms may make manufacturing of five-star refrigerators costlier by up to Rs 6,000.

BBK Electronics revenue shows demand intact for Chinese handsets

BBK's two leading brands - Oppo and Vivo have doubled their combined India revenue between April and September this year to Rs 34,500 crore, according to their latest regulatory filings.

Samsung may switch on TV production in India

Samsung is about to sign a deal with homegrown contract manufacturer Dixon Technologies to manufacture television sets up to 55 inches in screen size, sources said. These account for more than 85% of the Indian market. The company is evaluating options with other contract manufacturers to further expand local TV production in India, they added.

Videocon union to stage sit-in at Dhoots' residence on Thursday

Weighed down by heavy debt, the Videocon group with 13 operating companies, was sent to bankruptcy court last year and a resolution is pending. But now the Videocon Group employees union, which has been on a chain sit-in since the past 72 days, has decided to stage a sit-in at the residence of Venugopal Dhoot, the group chairman, from Thursday seeking pending salaries.

Electronics companies run into entry-level pileup

While premium products like large screen televisions, frostfree refrigerators and fully automatic washing machines did sell in cities and large towns driven by plethora of consumer finance options and price cuts — sales of entry-level products which constitute the belly of the market — were a washout, several manufacturers said.

Flex plans to expand India manufacturing operations

The proposed shift out of China by Flex, one of the world’s largest exporter of electronics goods, comes amid the continuing Sino-US trade war. It coincides with India’s efforts to attract global manufacturers that may be looking to move out of what is popularly called the ‘world’s factory.’

Xiaomi plans to scale up assembly of its TV sets in India

Xiaomi assembles all its TVs, except the recently launched 65-inch model, in India. However, a majority of components including the open cell TV panels are still imported because they aren’t made locally.

Halonix looks to raise Rs 600 cr for expansion

Hong-Kong-based NewQuest Capital, via its NewQuest Asia Investment II, bought the business from Actis for an undisclosed sum in 2016. Before that, Actis bought the general lighting business of Halonix (formerly Phoenix Lamps) for an enterprise value of Rs 160 cr.

Reliance set to bring back the ‘coolest one’ to India

Reliance set to bring back the ‘coolest one’ to India

Reliance has signed brand licensing & distribution deal with Electrolux to relaunch Kelvinator refrigerator. Under the more than 10-year contract, Reliance will shortly relaunch the Kelvinator refrigerator and other appliances.

China's Honor to enter India's smart TV market; to take on Xiaomi

China's Honor to enter India's smart TV market; to take on Xiaomi

Charles Peng, Honor India President told ET that the company will price its products competitively for the Indian market, and will also launch a slew of smart devices like speakers.

Philips eyes over 50% growth in India audio biz next year

Philips eyes over 50% growth in India audio biz next year

Last year, Taiwan-based TPV Technology had received the rights for Philips' TV range as well as audio products for the Indian market that includes aspects like manufacturing, marketing and sales.

Titan MD Bhaskar Bhat retires, C K Venkataraman takes over

Titan MD Bhaskar Bhat retires, C K Venkataraman takes over

The company also said that C.K. Venkataraman, who was the CEO of the jewellery business since 2005, has taken over the role of MD with effect from October 1.

MeitY to push for more sops to lure electronic makers

MeitY to push for more sops to lure electronic makers

The incentives will help India wean manufacturers away from countries such as China.

Apple’s 1st own India outlet to come up at Bandra Kurla Complex

Apple’s 1st own India outlet to come up at Bandra Kurla Complex

US phone-maker said to have leased 25k sq ft space at Maker Maxity mall in the Mumbai hub.

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