Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China's Shandong-based Haier group, for an undisclosed amount. The transaction, according to industry sources, values the company at about 15,000 crore.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
In the late 1990s, Japanese electronics brand Aiwa tied up with a maverick entrepreneur, Kabir Mulchandani, to sell its consumer electronic products. Founder of Baron International, Mulchandani, all of 26 at that time, had already disrupted the television market through a tie-up with another Japanese player, Akai. With a strategy that relied on heavy discounts, exchange offers and freebies, Akai was selling in huge volumes.
Citizens who come to the civic-run vaccination centres to get their jabs from November 12 to 24 will get a chance to win these prizes, according to a release issued by the municipal corporation on Wednesday evening.
A solitary patch of violet stands out in what are walls blackened high with soot, a reminder of a room that was once coloured with shades of content and is now littered with the detritus of a riot -- except for a bed on which sits Nazar Mohammad. His three-storey home in northeast Delhi's Shiv Vihar Phase 7, one of the worst-hit areas in the recent riots, tells the story of not just three days of clashes but also of hope rising from the ashes of violence.
The British home secretary has granted permission for jeweller Nirav Modi's extradition to India. During their arguments in a London court, his lawyers claimed Modi suffers from mental illness and is a suicide risk if he was sent to Mumbai's Arthur Road jail. A fascinating excerpt from Danish Khan and Ruhi Khan's Escaped: True Stories Of Indian Fugitives In London.
Khalid Anzar lists the pros and cons.
With the difference between lending rates of banks and NBFCs narrowing, base your choice on urgency of requirement.
Ashish Narsale/Rediff.com takes a look at OnePlus's latest offering.
Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.
The government is set to participate in the business of television ratings that is primarily meant to guide the broadcasters, the media agencies and the advertisers, to determine their programme scheduling, advertising spends and the placement of the advertisements.
Promoter says he sold a third of his firm to deliver Rs 251 handset.
The government has notified mandatory standards for 15 electronic products, including mobile phones, power banks, LED lamps, to curb flow of low quality items in the country.
'The Chinese outdid them in the price game and turned the competitive dynamics at the lower end of the handset market from price to value.'
Gautam Gambhir, captain of defending champions Kolkata Knight Riders, sent out a strong message to India's cricket administrators, saying it would be wrong to pick youngsters for national duty based on performances in the Indian Premier League.
Dining and drinking out will be expensive.
It has conducted searches against four bureaucrats based in Uttar Pradesh and Uttarakhand over the last three days.
Check out Group Buying Ideas for This Wedding Season. Budget constraints usually make us opt for a not-so-useful and inexpensive present for the newlyweds. Let's look at a few collective buying ideas that will fittingly demonstrate your good wishes this wedding season.
From curved smartphones to hi-definition televisions, they all made their mark at the Consumer Electronics Show extravaganza in Las Vegas.
There are umpteen cases where travel websites and airlines advertise tickets for unbelievably low prices, without mentioning taxes and other charges.
However, worries on inadequate import and issues for the FTA pacts.
Bureau has registered just one product so far despite 1,500 applications.
A buoyant economic mood and tempting discounts, both online and offline, are fuelling a shopping frenzy this Diwali.
Sectors throw up a wishlist for the Finance Minister.
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