Air purifiers’ seasonal sales fox manufacturers
Manufacturers and retailers say the season begins after Diwali and peaks when pollution is in the headlines in newspapers and television. Once these fade, sales subside. The market is worth Rs 200-230 crore, growing at about 15-20% annually, with over 50 brands jostling for business, making this one of the most populated electronics categories in the country.
General Motors, LG Chem to announce EV battery joint venture in Ohio
One source familiar with the matter told Reuters earlier that the facility, expected to be located in the Lordstown area of Ohio, would see investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each.
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.
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).
Senior level exits peak in consumer companies
In retail, food and grocery chain Nature’s Basket chief executive officer Avani Davda has put in her papers, thereby moving out months after the business was acquired by Spencer’s Retail from the Godrej Group. Davda said the exit is due to personal reason.
LG replaces CEO, top executives after net profits slumps more than 30%in Q3
CEO Jo Seong-jin, dubbed a "washing machine genius", was appointed in December 2016, and is respected in South Korea for his unlikely journey to the top without a college degree in the education-driven country. But he has struggled to turn around the failing smartphone division, which last month announced its 18th consecutive quarter of losses.
Chinese, Korean brands kings of Indian electronics market
Industry executives said these companies such as Samsung, Xiaomi, Oppo, Vivo, Realme, Motorola and Haier now control the largest chunk of the Indian market in certain categories such as smartphones, televisions and home appliances.
LG Murmu asks for rooftop solar systems for all government buildings in Jammu and Kashmir
Murmu directed to conduct audit of all 220 KV and 132 KV transmission line towers and take corrective measures before the start of the next winter season to prevent damage to power structure, he said.
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.
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.
LG directs DGP to strength security of shrines across J&K
Lieutenant Governor Girish Chander Murmu said that vandals' act to set ablaze a sufi shrine in Tral is designed to arouse passion among the people and hurt their sentiments but they will not be tolerated, an official spokesperson said.
Work on, assembly election in Jammu & Kashmir will be held soon, says LG
“Election will come. It is a Union territory with a legislature, it will not continue like this (LG's rule). The process for holding the election will come soon,” Murmu said, speaking at the attestation-cum-passing out parade of the 14th batch of constables, held in the Talwara area of Reasi district.
5G handset makers give India Mobile Congress a miss
The 3rd edition of the IMC got cold response from the device makers with 5G ready smartphones for India. Handset makers like Oppo, Vivo, Xiaomi and LG showcased a 5G device each, but these devices are only available in the US or China.
Handset makers largely skip IMC, signal 5G is distant in India
Handset makers with 5G ready smartphones gave it a miss for IMC third edition as they believe India is still some time away from being 5G ready. Telecom secretary tried to play down the absence of device players saying there was a timing mismatch
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.
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