LG Electronics India saw its net profit decline by 27.3 per cent due to margin pressures witnessed in the second quarter. Its net sales in the quarter marginally rose 0.9 per cent to Rs 6,170.4 crore in the July-September quarter.
LG Electronics India made a dazzling market debut on Tuesday, ending 48 per cent higher than its issue price and surpassing its South Korean parent in market value.
For LG Electronics India, the Rs 11,607 crore initial public offering (IPO) is not just a fundraising exercise. The company's senior executives describe it as a step towards becoming "future-ready", showcasing financial strength while preparing for the next phase of growth in a market they see as still underpenetrated.
LG Electronics, the official sponsor for ICC World Twenty20, announced the third edition of their association with ICC and promoting the national spirit among the kids and realising their dream of walking with the cricket heroes to the ground through their unique campaign Lead XI.
LG Electronics, the official sponsor for ICC World Twenty20, announced the third edition of their association with ICC and promoting the national spirit among the kids and realising their dream of walking with the cricket heroes to the ground through their unique campaign Lead XI.
In a strategic move, LG Electronics has elevated K R Kim, managing director, LG Electronics India to the position of president of South West Asia LGE.
Tribunal ruling in I-T's favour may open floodgates to claims against other MNCs.
The usually busy Greater Noida expressway is empty except small groups of commuters that gather at its sidelines, seeking lift from every passing vehicle.
It is a make-or-break year for South Korean handset maker LG Electronics in India. As per market research firm IDC, the share of smartphones in the overall handphone market in India is expected to touch 9.3 per cent by 2016, up from 2.9 per cent during 2012, making it the fastest growing smartphone market among the emerging nations.
From fast food and athleisure to ACs, the demand for several non-discretionary items has spiked since May 17, when Lockdown 4.0 was extended till May 31.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
Videocon plans to raise prices by 5-10 per cent across all product categories. LG India said it may raise prices of its range of washing machines and refrigerators. Godrej plans to raise prices of its washing machine, refrigerator, air-conditioner and microwave range. Haier India is likely to hike prices of washing machines and televisions.
Among the metros, people in Delhi are the happiest while those in Mumbai are the least happy.
The festive season, which usually starts from September, is when 35 per cent annual sales get transacted for most durables firms.
Consumer Electronics and Appliances Manufacturers Association Consumer has also welcomed the move saying the it would improve the sentiments and strengthen the growth.
LG's new speaker system -- the CM9960 X Boom Pro -- is a capable party animal that boasts a plethora of connectivity options and could make champions out of amateur DJs.
Good pay hikes, positive macroeconomic factors and the taming of inflation have had a positive effect on purchases
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
LG, Panasonic: Making in and for India LG and Panasonic are looking to revive their fortunes in India by building local insights into their new products.
If the product is genuine, denial is violation of consumer laws.
Industry body to write to commerce ministry, seek regulation for e-tailers.
Consumer durable makers like Sony, LG, Panasonic and Whirlpool are expecting up to 35 per cent growth in the upcoming festive season and are pulling out all stops as the sector eyes a rebound from a prolonged slump.
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