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

Retailers have less in stock for festivals amid poor sentiment

NEW DELHI|KOLKATA: Muted growth has forced consumer goods retailers to scale down inventories up to 30% anticipating poor sentiment hitting festive season sales. Smartphone retailers said stocking for the month is down 30% over a year ago and is likely to remain low because of sluggish sales. “If ecommerce companies run massive discounts during their … Read more Retailers have less in stock for festivals amid poor sentiment

Festive season: Consumer electronics, phone companies giving retailers record margins to boost sales

KOLKATA: Consumer electronics and smartphone makers are giving retailers record margins during the festive season as they seek to ensure a boost in sales, said people with knowledge of the matter. Leading retail chains said this will be passed on as a discount in order to persuade consumers who are holding off from making purchase … Read more Festive season: Consumer electronics, phone companies giving retailers record margins to boost sales

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

Large-screen TV sales soar up to 100 pc as World Cup fever grips fans

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NEW DELHI: Rains may have washed out some keenly awaited contests in the ongoing cricket World Cup, but that has not deterred Indian fans from upgrading to high-end TVs to enjoy the matches. Consumer electronics makers as Sony, Samsung, LG and Panasonic have reported up to 100 pc jump in sales of large-screen TVs (55-inch … Read more Large-screen TV sales soar up to 100 pc as World Cup fever grips fans

Centre to invite bids for 40GW battery plants

NEW DELHI: The government is considering a plan to establish battery making capacity of 40 gigawatts (GW) to give a boost to its electrical vehicles and renewable energy initiatives, an official said. It will ask states to compete for the opportunity to set up internationally competitive facilities that will also service global markets. Domestic and … Read more Centre to invite bids for 40GW battery plants

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