Delivering a double whammy to the International Cricket Council, with which South Korea's LG is ending a sponsorship deal, another electronics firm Samsung has said it was more keen on sponsoring the Olympics.
Consumer Electronics and Appliances Manufacturers Association Consumer has also welcomed the move saying the it would improve the sentiments and strengthen the growth.
Many of us would recoil at the thought of refurbished electronics, with many preferring to buy new items because we trust that nothing can go wrong with them, but refurbished does not always mean a resurrected defective product.
According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the estimated Rs 35,000 crore (Rs 350 billion) Indian consumer durables market, which has giants like LG, Sony, Videocon, Samsung and Panasonic, did not grow as expected, with air-conditioners being the biggest spoilsport.
The move, however, is unlikely to prompt its rivals in India - Chinese manufacturers like Oppo, Vivo, and Xiaomi - to do the same.
After 2014, our growth has been average of around 5%. If this continues, we will remain here like Egypt, Brazil, South Africa and Bangladesh, points out Aakar Patel.
Electronic giants like Samsung, LG and Panasonic are all bringing in their range of smart televisions.
Stores are also coming up with novel methods to get Brazilians to pull the trigger on new TV sets, with many offering major discounts.
The consumer electronics industry is ecstatic about 3D this year. Or so it seems with players like Panasonic, Sony, LG, Toshiba and Samsung announcing the introduction of 3D on just about every visually-related product they make, including point-and-shoot cameras, camcorders, laptops and screens.
The 19 inches LED TV is equipped with latest features and weighs around 3.5 kgs, the company said in a statement.
The real hot tech is here.
All eyes this year, however, are on Nokia's latest launches.
Price-wary customers, waiting for good bargains in the festival season this year, are likely to be disappointed.
They might have made little headway in the market so far, but leading Chinese consumer electronics companies are busy drawing up big plans to expand their footprints in India. After acquiring Anchor Daewoo's appliance business last year, Haier is on the prowl for some local brands. TCL is getting ready to expand its product range to mobile phones and home appliances.
Bullish on the Indian market, Japanese companies dealing in consumer durables are all set to strengthen their presence in India by targeting niche categories and expanding their reach to tier-2 markets. The Rs 25,000-crore consumer durables market in India is currently dominated by Korean companies -- LG and Samsung.
Industry body to write to commerce ministry, seek regulation for e-tailers.
The Lt Governor conveyed to the Delhi government that the rules will have to be amended for shunning the EVMs and it was not possible to make the changes as little over a month is left for the polls.
Sunil Nayyar moved to India as head of sales for Sony.
Stock clearing to rain discounts on consumers in June ahead of GST rollout.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
One of Apple's suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a Nokia plant in Chennai. The facility, which has been closed for nearly 10 years, will be revived and made operational from March 2020.
Today, Vachani's public-listed company, Dixon Technologies, has gone beyond manufacturing just television sets. Armed with private equity funding from Motilal Oswal eight years ago, it has transformed itself into a Rs 4,400 crore electronic manufacturing services major, which now straddles lighting products, home appliances, feature phones, LED bulbs, amongst others. A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme.
Apple Inc unveiled a watch, two larger iPhones and a mobile payments service on Tuesday as Chief Executive Officer Tim Cook seeks to revive the technology company's reputation as a wellspring of innovation.
Most companies were working on Rs 65-66 to a dollar.
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.
A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.
Micro Drone is a palm-sized personal drone that works straight out of the box.
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.
Ashish Narsale lists the features of the phones that are the rage this festive season.
Not only is this hidden from the user, it's often unrelated to the app's purpose.
The Korean major, as part of its rural push, has begun an "attack district" project with focus on 80 key districts to increase sales of its TVs, refrigerators and washing machines
The foremost lesson is that technology has got commoditised.
We tell you why you should consider buying one of these top 5 smartphones this Diwali!
An old consumer electronics warhorse looks to leverage its past.
India has been opposing the pact as ITA will only benefit the country when its domestic manufacturing is robust.
For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
Experts say launches would pick up pace from mid-March.
