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News Source : Electronics

Mon, 16 Oct 2017 23:34:16 GMT

Nicco Corporation faces liquidation as lenders reject revival plan
If NCLT passes order for liquidation, stakeholders and lenders of the Kolkata-based firm may get a month’s time to submit their claims.

Ricatech eyes USD 40 m revenue from India in 2017-18
"We are entering the Indian terrain by launching the Amitabh Bachchan jukeboxes," Ricatech CEO Richard Singh told adding that revenue expectation from India is USD 40 million in 2017-18.

Philips India appoints Daniel Mazon as Vice Chairman, MD
Mazon has taken over from V Raja, who retired on September 30, Philips India said in a statement.

Dhoot Transmission to sign equal joint venture with US’ Carling
The plant is likely to come up at Dhoot Transmissions’ existing base in Aurangabad. The JV will aim to meet the requirements of the growing Indian market and other markets.

Panasonic eyes enterprising fixes
Panasonic India is the fastest growing subsidiary of the company and has a stated goal of increasing its contribution to global revenues from 2% to 5% over the next three years.

Consumer electronics market growing in GST regime: Sony official
Stating that India is the fourth largest market for Sony products worldwide, he said the company is keen to develop it further.

IFMA approaches GST Council for reduction in tax on electric fans
During 2016-17, the members of IFMA achieved a consolidated production of 52.26 million fans registering a growth of 9.08% over the previous year.

AV firm Crestron sets up R&D center in India, to double headcount
The centre hosts three dedicated labs for digital media, a dedicated lab for audio device testing, commercial & residential lighting and has an employee strength of 150.

Videocon eyes Rs 276 crore from surveillance business in east by 2021
The company will start selling surveillance products in West Bengal, Bihar, Jharkhand, Odisha and northeast in 7-10 days across around 4,000 stores.

Blue Star "evaluating" setting up of Jammu plant: Official
Citing the reasons, Thiagarajan said the quantum of benefit the company would get (from Jammu and Kashmir Government) was not clear following implementation of GST.

Dassault 3D printing markets soon
Dassault said it will create a Aerospace and Defence Centre of Excellence (CoE) in association with the government of Karnataka, to keep up with these trends.

Audemars Piguet appoints Jonathan King as CEO, South East Asia
Born in London, United Kingdom, King has lived in various parts of the world including Boston, New York, Hong Kong, Kenya and most recently, Tokyo.

Tata Power Delhi Distribution to roll out smart meters next year
The implementation of the communication system and smart meter roll out will begin from March 2018 and will get completed by March 2019, said the firm.

Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake
Buyout funds Warburg Pincus, Crompton Greaves, Bain are among those in the fray to buy a controlling stake in Surya Roshni.

Ishaat Hussain retires as Voltas Chairman
"Accordingly, Ishaat Hussain ceased to be Director and Chairman of the company from the close of the AGM on August 28, 2017," Voltas said in a BSE filing.

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