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

Kolkata: Panasonic Corp revenue from the Indian market dipped for the second consecutive year with Japan’s leading consumer electronics maker facing intense competition in the smartphone and television markets, and consumers shifting to buy value for money Chinese and online focussed brands amidst an economic slowdown. As per Panasonic India’s latest regulatory filings with the … Read more Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management

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

New Delhi: The new energy labelling norms, which will be effective from January next year, are expected to make manufacturing of five-star refrigerators costlier by up to Rs 6,000, industry body CEAMA said. The labelling guidelines will mandate the manufacturers to shift to vacuum panels from the traditional foams for cooling for the five-star range … Read more New energy label norms: Five-star refrigerators to cost Rs 6,000 more, says CEAMA

Sony India exploring new product categories

KOLKATA: Consumer electronics major Sony India is exploring new product categories for steady growth in future amid economic slowdown in the country, a company official said on Thursday. The company broadly operates in three product categories television, audio and digital imaging (camera) in the country. “We have many things in the pipeline,” Sony India Managing … Read more Sony India exploring new product categories

There’s no slump in demand for phones and white goods

KOLKATA: Consumers may be cutting down on consumption of daily necessities and deferring purchase of apparel and cars, but smartphones and white goods seems to have bucked the trend. Latest data by market researcher GfK show unit sales of products like smartphones, smart speakers, washing machines, refrigerators and air-conditioners have grown at a faster pace … Read more There’s no slump in demand for phones and white goods

Flipkart checks direct buying from companies

In conversation with Ranjan, General Manager MSME, Union Bank

New Delhi | Kolkata: Flipkart has started curtailing or altogether stopped buying products directly from companies as a precursor to shrinking — if not winding up — its wholesale operations, which have become tougher after rules for ecommerce entities were tightened. The Walmart-owned company is asking suppliers to route their products directly to the preferred … Read more Flipkart checks direct buying from companies

GAIL seeks NCLT approval to admit claim against Videocon Industries

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Mumbai–State-owned GAIL India Wednesday approached the National Company Law Tribunal (NCLT) seeking admission of its Rs 390-crore claim from Videocon Industries, which the resolution professional (RP) rejected earlier. In an application, the counsel for GAIL said the state-owned gas utility, which is an operational creditor of Videocon, should be included in the list of creditors. … Read more GAIL seeks NCLT approval to admit claim against Videocon Industries

Strategy in the works to woo companies looking to exit China

NEW DELHI: India has prepared a strategy to gain market access in China for its farm and pharmaceutical exports and attract foreign companies looking to shift out their manufacturing bases from there in the wake of the trade war between the US and China. The commerce department’s strategy paper, aimed at reducing India’s trade deficit … Read more Strategy in the works to woo companies looking to exit China

Blue Star Ltd.: Blue Star to double capacity to 1 million from 2022

INDORE: Air-conditioning and refrigeration major Blue Star Thrusday said with the commissioning of its proposed plant in Andhra its capacity will doubel to 10 lakh units per annum by 2022. The company is building a Rs 180-crore plant at Sri City in Andhra, the work on which will begin in 2021 and will be completed … Read more Blue Star Ltd.: Blue Star to double capacity to 1 million from 2022

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