The JV, Voltbek Home Appliances, aims to take on LG, Samsung as well as home-grown players such as Godrej among others head on with a slew of products that hopes to combine the best of both worlds -- European technology and design, with Indian pricing and delivery.
The Rs 30,000-crore consumer durables market is expected to rake in more money this summer on the back of rising mercury levels.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
>Gadgets that make kitchen work easier and faster have gained momentum in the lockdown.
The new push is being driven primarily by over 170,000 villages where household income is over Rs 1 lakh a year.
Despite flooding the market with energy efficient and innovative products to lure consumers, the unprecedented increase in steel prices have forced the companies to pass on the burden to customer, who is already shelling out more for essential commodities. Samsung India Deputy MD R Zutshi told PTI that based on the input cost pressure linked with the hike in steel prices the company has already increased the prices of refrigerators by 2-3 per cent in March.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Indian clean technology businesses are finally catching the attention of investor community. New Ventures India - founded by World Resources Institute and CII-Godrej Green Business Centre - aims to fund 50 entrepreneurs in this segment by 2010 with a target investment of $250 million
The investments include the supply chain, but exclude real estate component.
'Indian entrepreneurs became traders for Chinese goods rather than producers of goods.'
Monetary tightening by the Reserve Bank of India to control the sharp rise in prices has checked the march of Indian consumers up the consumer electronics value chain.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
The sharp rise in flexible packaging prices, thanks to the crude oil spiral, has become a new headache for fast-moving consumer goods (FMCG) companies.
Aamir Khan will be the face of Vivo, the title sponsor of IPL, digital payments company PhonePe, and shoe brand Walkaroo this league season.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
The 550,000 unorganised drug traders in the country are readying to take on the entry of corporate houses like Anil Dhirubhai Ambani Group
From the rollback of customs duty on key electronic components to fast tracking delivery of goods imported from China, players are looking for incentives on several counts.
The design, material and technology used in a green building is such that not only does it conserve energy, it recycles the used energy wherever possible and also creates energy out of the waste. Be it a water treatment plant, a sewage plant, green lighting or using FSC certified wood that comes from sustainable forests, a green building is constantly in search of new methods of environmental conservation.
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.
Real estate developers are banking high on ultra-luxury projects.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The brokerage, which previously had a target of 31,000, cited global growth concerns for revision in the target.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
Star has sold ad slots for the show, which goes on air from January 22 at an estimated Rs 10-13 crore per sponsor, said sources.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
Saudi Arabia is the second largest importer of poultry products from India and exporters fear other importing countries might follow suit.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Almost 40 per cent of a durable company's sales are achieved during the festival season
Cinthol the flagship brand of Godrej Consumer Products Ltd has been recognised as a Superbrand by the Superbrands Council, UK.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
