Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
After clocking $100 million in exports in 2005, LG Electronics India, on Wednesday said it would focus on developing India as a major hub for its exports to Africa, Middle East,
With consumers staying indoors and e-commerce firms extending their reach to a larger number of pin codes, these giants have snatched a larger share from the offline traders this season.
LG Electronics on Tuesday said it was planning to launch 14 new colour television models, including projection TVs of 44 and 54 inch sizes.
With cricket fever setting in, LG Electronics India private Ltd has set a sales target of Rs 1200 crore (Rs 12 billion) during the Pakistan team's tour to India and signed Pakistan captain Inzamam-Ul-Haq as its brand ambassador.\n\n
In order to meet its turnover target of Rs 9,000 crore (Rs 90 billion) this year, LG Electronics India Private Ltd is incorporating advertising in films, besides signing film star Zayed Khan.
Faced with an unprecedented bear run, the consumer electronics industry is planning to pull out all stops in generating sales during the upcoming festival season, with heavy discounts, freebies, bundling offers and even dealer junkets.
LG Electronics on Wednesday said it plans to spend close to Rs 50 crore (Rs 500 million) on cricket related activities this year by acquiring title sponsorship rights of some matches and on advertising around these events.
In what appears to be a major reshuffle in the consumer electronics industry, marketing and sales heads of two multinationals - LG Electronics and National - are believed to have put in their papers.
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.
LG Electronics India Ltd on Monday said it was targeting about Rs 300 crore (Rs 3 billion) revenues from sale of GSM handsets in Indian market this year.
LG Electronics India Ltd on Friday announced the launch of 'Centrino' range of notebook personal computers in India with a target to sell about 7,200 units in the market this year.\n\n\n\n
LG Electronics India on Thursday said it will launch several new products -- including laptops and notebook computers -- and offer up to 20 models of GSM mobile phones in the Indian market.
LG Electronics India is targeting to sell 200,000 personal computers in 2005 from 74,000 last year with the turnover of the IT division expected to increase during the year to Rs 1100 crore (Rs 11 billion).
Buoyed by the growth in the wireless market, the telecom equipment market grew by 10 per cent in 2002-03 to touch Rs 28,238 crore (Rs 282.38 billion), according to a latest survey.
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