The Indian Colour Television industry has raised concern over the Commerce Ministry's recommendations to levy an anti-dumping duty on imported colour picture tubes, saying it will lead to a considerable rise in the production cost here.
Mobile phones and accessories retail chain, 'The MobileStore' stores ton Wednesday said it will expand its presence across India by opening a total of 2,500 stores in the next two years.
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Japanese consumer electronics giant Sony is strengthening its focus on high definition (HD) technology in India by launching a host of HD enabled products in the country, along with initiatives to develop HD contents.
Videocon Group has appointed Anil Khera as the head of its upcoming direct-to-home(DTH) venture in India. He will be the CEO of Bharat Business Channel (BBCL), the media arm of the group which would be engaged in the television broadcast business, beaming TV channels directly into consumer homes
Bharat Heavy Electricals Ltd (BHEL) has planned to raise its Research & Development (R&D) expense to Rs 900 crores by 2011-12, its Group General Manager, Dr A L Chandraker said on Tuesday.
Korean consumer durables maker LG is targeting a turnover of Rs 18,000 crore by 2010 in India, accounting for about 10 per cent of the company's global sales, besides developing the country as an export hub.
Prices of colour televisions could rise as mush as 12% as a result of the government’s decision to levy an anti-dumping duty on imported colour picture tubes.
Lighting products and appliances maker Bajaj Electricals Ltd on Wednesday announced a strategic alliance with Italy's Nardi Elettrodomestici Spa to sell the latter's range of premium gas appliances in India.
Indian semiconductor and embedded design service industry is estimated to grow at a compounded annual growth rate (CAGR) of around 21.7 per cent between 2007-2010.
At a time when the consumer durables industry is facing the heat of inflation, leading colour TV makers on Monday opposed levy of anti-dumping duty on imported picture tubes as it would lead to further price escalation.
MIRC Electronics chairman Gulu Mirchandani is believed to have agreed to buy his dissenting brother Sonu Mirchandani’s entire one-third stake in investment firm Guviso, which controls 53% in the consumer durables company, for Rs 111 crore.
Navratna defence PSU Bharat Electronics Limited is eyeing acquisition of foreign technology companies and is currently evaluating a few potential buy-out targets.
Navratna defence PSU Bharat Electronics Limited (BEL) on Tuesday reported a modest financial performance for 2007-08 but said the growth is expected to be higher in the current fiscal.
Japan's Toshiba Corp is targeting $1 billion in revenues from India by 2015 with a range of new products from PCs to televisions and washing machines, the managing director of its India unit said on Tuesday.
Home appliance maker Whirlpool of India Ltd will hike prices of its products by 2-3 per cent in the quarter to June, due to rising metal and crude oil prices, a senior official said on Tuesday.
Consumer electronics major LG Electronics India (LGEIL) today said it will lay greater emphasis on high-end products like LCD, Plazma TV, mobile handset and laptop to achieve around 20 per cent growth this year to take its topline to Rs 11,500 crore.
Researchers at the Fraunhofer Institute for Physical Measurement Techniques IPM in Freiburg say that terahertz waves may soon offer as a universal tool for search and security operations, medical diagnosis, and several other purposes.
Bharat Heavy Electricals, Tiruchirapalli, undergoing a massive modernisation programme, has asked ancillary units in Salem, Thanjavur, Pudukottai and Madurai to take up revamping, a top BHEL official said here.
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Zicom Electronic Security Systems today said it has entered into a joint venture with Singapore-based CNA Group to offer integrated building management solutions in the country.
Waning consumer interest and the exit of GE Money and Citi Financial - two of the largest national financiers - have knocked the wind out of the sails of consumer durable makers since the beginning of the year.
Electrical goods manufacturer Havells India said it will invest Rs 400 crore for increasing its capacities in the country, besides foraying into a new segment.
Theft of film prints on their way from processing studios to theatres is among the most popular methods of obtaining them for preparing pirated copies, a study on piracy in the entertainment industry has said.
Home appliances company Whirlpool India said it targets a turnover of over Rs 2,000 crore in 2008 besides aiming to double the sales of air conditioners and microwaves.
In tune with its plan to capture 28 per cent market share in the domestic refrigerator segment, home appliances manufacturer LG Electronics on Monday said it is targeting to sell around 1.5 million refrigerators in the current year.
With manufacturers of handsets planning to introduce devices that are 'touch', 'motion', 'shake' and even 'rotation' sensitive, keypads and buttons might soon be a thing of the past, say industry experts.
Dhanus Technologies, the maker of the V-Tel world calling cards, on Sunday said it plans to nearly double its revenue to Rs 180 crore by the end of this year.
The Indian consumer electronics makers are at loggerheads with key component producers, in the wake of spurt in imports of colour picture tubes (CPTs) into the country over the last few years.
The 3.7-billion-dollar Japanese watch brand Citizen would only focus on the mid to premium segment watches and would phase out some 300 models gradually over the next two to three years.
Over half a dozen countries, including the US, are displaying their latest technology in Micro-Unmanned Aerial Vehicles (MAVs) at a show in Agra, said to be the first of its kind in India.
Home appliances major Whirlpool is drawing up a strategy to achieve market leadership in India by 2010 in three product categories - air-conditioners, microwaves ovens and washing machines.
Haier Appliances India, a wholly-owned subsidiary of the $16.2-billion Chinese consumer durable giant, plans to make India an export hub for refrigerators.
Mukesh Ambani-owned Reliance Retail is open to partnering international players in case FDI is allowed in durables and electronics segment, from where it eyes business worth over Rs 15,000 crore in 3-4 years.
Apple is opening its iPhone software to outside developers in an effort to make the hot devices even more popular and wrest market share from smart phone market king BlackBerry.
The device directs and motivates users during workouts by combining a mobile phone, heart rate monitor, stride sensor, MP3 player and the voice of an electronic personal coach.
Apple Inc wants the iPhone to become a business e-mail gadget - and a portable video game machine that might also help users manage their health records.
Korean electronic and telecom giant Samsung has revamped its distribution and organisational structure, aiming to double its market share in the mobile handset market to over 15 per cent by end of 2008.
Phoenix Lamps Ltd has entered into a marketing pact with China's lighting product maker NVC to sell specialty lamps for malls, showrooms and hotels in India, its managing director said.
Sony Corp is planning to start buying TV-use liquid crystal display (LCD) panels from Sharp Corp as early as in the next business year that begins in April.
LG Electronics Inc, the world's fifth-largest mobile phone maker, said on Friday difficulties at rival Motorola Inc give it a strong chance to win market share from the world No.3.
Korean consumer electronic major Samsung is gearing up for the upcoming summer with plans to corner about 22 per cent of the expected 2.25 million home air conditioners market in India.
State owned Bharat Heavy Electricals Ltd on Thursday said it has won a Rs 200-crore order from ONGC for supply of spare and accessories used in oil exploration.
Japan-based NEC Electronics today announced the opening of its first liaison office in India to give enhanced support for local and multinational corporations in the region.
Crompton Greaves Ltd said on Wednesday it has acquired the remaining 40 per cent it did not already own in its Indonesian joint venture, PT PauwelsTrafo Asia, for $10.7 millio
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Power management products maker Controls and Switchgears (C&S) Group is mulling to set up a manufacturing base in China to tap the over Rs 20,000 crore market there, as it sees an over two-fold jump in domestic business with revenues crossing Rs 2,000 crore mark by 2011.
The $16.2 billion group plans to acquire more companies in India to increase its share of the country’s consumer electronics market from the existing 2%.
Mirc Electronics chairman Gulu Mirchandani is understood to have significantly raised his offer to buy his dissenting brother Sonu Mirchandani’s stake in Guviso, Mirc’s holding company.
Electrical equipment manufacturer Indo Asian Fusegear on Friday said it plans to acquire a European switchgear and lighting products making firm, the cost of which could be around Rs 60-70 crore.
A recent report by the US government estimated that the server farms that power the Internet in the US consume more than $3.3 billion in energy every year.
To stand out amid fierce competition, HDTV manufacturers are adding exotic features and even colour to the plain black bezels. Writing on digital board
Warner Bros pulled out of an alliance with HD DVD camp announcing that it would distribute DVDs exclusively in Sony's Blu-Ray format. Women lap up gizmos
Sahara Computers and Electronics on Friday launched a new range of products, comprising digital cameras, headphone sets, a handycam and a wireless mouse.
At least three dueling wireless technologies for high-definition TVs will be on display at the Consumer Electronics Show in Las Vegas, which starts Monday.
Animal activists and pet shop owners on Monday called for a ban on a tiny fish tank designed to be hooked up to a music player such as an iPod and used as a speaker.
Phoenix Lamps, which was acquired by private equity firm Actis in a management buyout last year, is close to striking multiple acquisition deals in India and abroad.
J-Power Systems Corp. announced that it has entered into an agreement with an Indian partner Finolex Cables Ltd. to form a joint venture plant in India to manufacture high voltage power cables.
Consumer electronics heavyweight Videocon Industries is putting in a fresh bid early next week for acquiring Daewoo Electronics, the ailing Korean company.
Electrical cable manufacturer Nicco Corporation today said it will set up a joint venture company with Italy's Prysmian group to cater to the Indian cable market.
Fedders International Air-conditioning has decided to offload its 50 per cent stake in joint venture company, Universal Comfort Products, to partner Voltas.
Mobile phones with cameras could well become the new subscriber base for the digital photo portals, which provide online image printing services. Currently the online digital photo portals in India like Snapfish (part of HP), Picsquare, ZoomIn are targeting the Internet users.
Power equipment maker Bharat Bijlee Ltd on Tuesday said it has posted a return on investment of over 2,000 per cent in the last three financial years, catapulting it to a list of select firms compiled by 'Forbes' magazine.
Air conditioning solutions provider Carrier Corp on Thursday said it will invest USD 50 million (about Rs 200 crore) to set up its global research and development centre in India.
Royal Philips Electronics will buy Genlyte Group for $2.7 billion. Philips agreed to pay $95.50 in a management-agreed takeover that values the US company at e1.83 billion.
