The domestic initial public offering (IPO) market is experiencing a significant surge, fuelled by the financialisation of savings, digital ease of investing, and expanding participation from both retail and institutional investors, investment bankers said on Wednesday.
"As part of our mixed product strategy, we are focusing on mid and high-end phones. Of the 40 new models that we are lining up for the domestic market, 10 to 12 models will be 3G-powered with a price tag of between Rs 8,999 and Rs 35,000," Chopra told mediapersons here on Thursday.
The smartphone --LG GM 730-- is priced at Rs 24,000 and is based on Qualcomm's chipset and also with Windows mobile and touch screen that will offer faster email setup and download.
The move aims to increase operating efficiency and establish greater autonomy at the operating level in the company's India operations.
'The first time India has seen two consecutive blockbuster IPO years.'
LG Electronics India Ltd on Thursday announced its foray in the country's server segment to fuel growth and achieve an over 68 per cent rise in IT segment turnover at Rs 760 crore (Rs 7.6 billion) in 2004.
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.
Many high-profile IPOs in India since 2021 have destroyed investor wealth due to overvaluation, weak business models, and post-listing disinterest, turning 1 lakh investments into as little as 3,500.
LG Electronics, the official global partner of the ICC Cricket World Cup, will be launching a limited edition of official 29-inch colour televisions in India.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
FIFA World Cup revs up television sales in India
India is today one of the top locations for semiconductor design and embedded software, but it remains hidden under a generic and misleading name, IT/ITES services.
This festive season is expected to be a happy one for consumer durables companies, with most expecting to clock a sales growth of 40 per cent - double the amount achieved last year.
The usually busy Greater Noida expressway is empty except small groups of commuters that gather at its sidelines, seeking lift from every passing vehicle.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
As temperatures begin to soar, AC makers have become extravagant with their claims and ad budgets as they look to get brand penetration up from the current low levels of four per cent, says T E Narasimhan.
It is not without reason that Japanese consumer electronics companies such as Sony, Panasonic, Hitachi, Daikin and Sharp are investing significant sums in India.
Firms are offering employees flexi hours; demand for air purifiers, masks have skyrocketed.
Sales of refrigerators were higher this year versus last year.
Sunil Nayyar moved to India as head of sales for Sony.
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.
Stock clearing to rain discounts on consumers in June ahead of GST rollout.
Dell emerges the most attractive among technology players.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
While e-commerce operations for these firms are small at the moment, it is slated to grow in the next 3 to 4 years.
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
'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.'
Consumer durables and electronics companies are putting the final touches to their festive period plans.
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