Siemens to acquire C&S Electric for Rs 2,100 crore
Under the agreement, Siemens Ltd. will acquire approximately 99 percent of the equity share capital of C&S Electric Limited for around Rs. 2,100 crore (EUR 267 million). The buyout will pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world, said a company statement.
Now, cash recharge option for FASTags
The government will roll out the option of cash recharge for FASTags to accelerate its adoption.
Retail inflation may force RBI to hold rates: Report
The RBI is scheduled to announce its next bi-monthly monetary policy on February 6.
India to sell connected consumer devices worth Rs 3.25 lakh crore in 2020: Report
“Users in India are moving beyond smartphone connectivity and moving to other connected solutions which apart from making them ‘smart’ substantially increase the utility of such devices,” said Faisal Kawoosa, Founder & Chief Analyst techARC, while releasing the 1st edition of ‘India Connected Consumer Report’.
Consumption recovery is on track, says Godrej Consumer Products CFO
We are looking at premiumising and trying to bridge the gap between value and volume, says Sameer Shah.
Court rejects Actis plea against call by Super-Max founder
Super-Max on February 8, 2018 moved a requisition to convene an extraordinary general meeting to ratify appointment of the four new directors. It had also sought to appoint an executive chairman for TMPL and amend its articles of association.
Consumers spending more on services than merchandise: Arvind Singhal, Technopak
There is going to be pressure on the spending on merchandise, says Arvind Singhal.
Buy Godrej Consumer, price target Rs 720: Chandan Taparia
The analyst suggested a stop loss at Rs 685.
Volume growth marginally up in Q3: Godrej Consumer
Demand was close to high single digit constant currency sales growth in Indonesia.
Buy Godrej Consumer, price target Rs 720: Kunal Bothra
The analyst suggested a stop loss at Rs 686.
Samsung moves India's managing director Hong to Latin America region
The change in Indian operation comes on the heels of Samsung rejigging its global top management team earlier this month which included change of the global mobile business chief and 162 executives who earned promotion in an annual reshuffle exercise.
Godrej Consumer Products expects gradual improvement in demand in upcoming quarters
Godrej Consumer Products Limited (GCPL) said sales volume grew marginally higher than mid single digit despite demand in the country impacted by a general consumption slowdown which continues to be challenging.
BMW India boss's success mantra: Follow the consumer to stay relevant
Rudratej Singh spent nearly two decades at Unilever before changing sectors.
Two senior Samsung India executives resign
Senior vice presidents, Ranjivjit Singh who was heading mobile phone marketing and Sukesh Jain who was leading the enterprise business, have quit, two senior industry executives said. The exits come at a time when Samsung has been facing competition from the Chinese brigade led by Xiaomi and BBK Group’s four brands - OnePlus, Oppo, Vivo and Realme.
Nagpur: Net-metering to continue for solar rooftop consumers
According to the MERC (Grid Interactive Rooftop Renewable Energy Generating Systems Regulations) 2019, it is up to the consumer to decide whether he wants net metering or net billing.
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