Sujata Sachdeva, Koss Corporation vice president of finance, was arrested by the Federal Bureau of Investigation for embezzling $4.5 million from Koss in just a few months ago. Sachdeva, who worked at Koss since 1992, claims she is a 'shopaholic' or compulsive shopper, a clinical condition known as oniomania.
The Indian arm of global FMCG major Unilever, Hindustan Unilever, was ranked at the fourth spot, Aditya Birla Group was at the sixth spot, Infosys Tech was ranked eighth and another IT major Wipro cornered the 10th slot.
'China feels India will be hard-pressed not to go after China because we are so badly dependent on them -- and that is the reality.'
An employee of Foxconn, which makes iPhones for Apple apart from electronic goods for some of the world's biggest companies, jumped to his death, the 11th suspected suicide this year at the firm's production base in China, even as its chief apologised for a string of deaths and announced a series of measures to stem them.
The industrial production, which crossed 15 per cent in July, dipped to 6.91 per cent in August and further to 4.4 per cent in September.
Indian industries spend little on research and development despite benefiting from 150 per cent income tax exemption given on such activities.
Select life saving drugs, LCD TVs, mobile phones, branded jewellery, sports and leather products, packaged software and footwear are among items that would cost less, while gold bars and coins, silver, set-top boxes and cosmetic surgery would turn costlier after the Budget.
The exit of the big movers has meant more opportunities for local players such as Nambiar Finance, which is just one of the 1,465 non-deposit-taking NBFCs registered with the Mumbai office of the Reserve Bank of India.
Prices of thin flat screen televisions and monitors will come down as the government on Monday lowered the basic customs duty on LCD panels used in manufacturing of such electronic goods to five per cent from 10 per cent.
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
In effect, the government proposes to relax the norms with regard to foreign participation in multi-brand retail by opening up these specialised sectors, while keeping grocery and consumer goods retail out of bounds. The move comes months after the Left parties, which were opposed to any relaxation of FDI norms for the retail sector, pulled out of the United Progressive Alliance government.
This, says Greenpeace, is necessary because most computers and other gadgets during their dismantling land up in the hands of people who do not have the knowledge to handle them. They often burn the printed circuit boards to recover metals and this releases toxic fumes of dioxins and Gullet that are poisonous, and carcinogens. Greenpeace has called for manufacturers to clean up their act and take back their products for its final disposal in an environment-friendly manner.
Consumers can expect duty-free imports of a range of products like capital goods, some textiles, electronic goods and chemicals from next year after India successfully concluded negotiations on a Free Trade Agreement for goods with the 10-member Association of Southeast Asian Nations in Singapore on Thursday.
Datacom Solutions, promoted by consumer electronic goods maker Videocon Industries, is close to roping in South African telecom major MTN group as a partner for its GSM foray in the country. According to sources, Datacom, which was scouting for a partner to bring in investments and technology, has short-listed MTN. Discussions with the South African company are in the final stage and a deal is expected to be signed soon.
By value, however, electronic goods still account for a large portion of gross merchandise
The company has a wide-ranging client base spanning across consumer durables to retail groups like ITC, UB Group and WalMart. It is also in the process of designing various white goods for its clients in the consumer durable industry.
On a tip-off, the DRI officers intercepted the passenger who had arrived from Singapore on Friday.
E-waste is likely to increase to 800,000 tonnes by 2012, up from 150,000 tonnes in 2005, mainly due to high economic growth and increased use of electronic appliances in the country. The government has put in place guidelines to handle the e-waste so that it has no adverse impact on either health or environment. Import of hazardous materials like copper was allowed only for the recycling and direct use and not for dumping. The government has been monitoring the imports.
The west Asian region remained the top destination for India's consumer electronics goods last year with exports doubling to $175 million in 2005-06, from $90 million of 2004-05.
Consumer electronic goods manufacturers are moving from 'Made in India' to 'Designed for India' products.
Videocon will continue to focus on Shah Rukh Khan as its brand ambassador in both its print and television ads.
'The government expects demand for electronic products to reach $400 billion by 2023-24. This would be a huge foreign exchange outflow, which may further widen our trade deficit with other nations. Hence, the government plans to push local electronics manufacturing to cut down on their import bill.'
Amazon's huge investment of $80 million a month didn't win it favour over customers during the festive season, with rival Flipkart selling more goods, reports Alnoor Peermohamed from Bengaluru.
India's exports grew marginally by 0.88 per cent.
Foxconn is the world's largest contract manufacturer for electronic goods and makes iPhones for Apple and smartphones for its Chinese rival Xiaomi.
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
Come July, mobile phone prices are expected to be dearer by up to 10 per cent due to the steep depreciation in the value of rupee against dollar.
Most analysts as well as company executives say the rally in commodity prices is ill-timed coming just when firms were recovering from disruptions such as demonetisation & introduction of GST
Enabling the online booking and payment for Indian Railway tickets is one such case. Amitabh Pandey's book is about how he went about enthusing teams inside the Indian Railways and facilitating online reservations, says Ajit Balakrishnan.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The prime minister said if the villages could be connected with broadband, education could be provided to children in even the last school and telemedicine facilities could greatly help the poor.
Samsung Electronics, the Korean electronics goods major, said on Wednesday that it aimed to grow by over 30 per cent this year as against Rs 4,000 crore (Rs 40 billion) revenues in 2003 by targeting consumers with a host of new products.
In 2002, Apple applied for the 'iPhone' trademark for its electronic goods in China.
However, worries on inadequate import and issues for the FTA pacts.
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