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News Source : Electronics

Thu, 14 Dec 2017 06:03:01 GMT

Sharp enters into strategic alliance with Ingram Micro for air purifiers
Under this agreement, Ingram Micro will offer the entire range of Sharp’s air purifiers, including popular models like air purifier with mosquito catcher, dehumidifier, etc.

Mirc Electronics to raise Rs 144 crore from marquee investors
The company's facility in Roorkee, Uttarakhand, can manufacture 7.20 lakh washing machines per annum on three shift basis, the company statement said.

Sony’s revenue from India dips for 2nd straight year
As per the company’s filings with the Registrar of Companies, Sony India’s revenue fell 11% to Rs 7,181.84 crore in 2016-17 from Rs 8,073.33 crore the year before.

Sales strategy, price cuts help LG India post 11% sales growth
LG Electronics returned to a double-digit sales expansion after it slipped to lowsingle-digit growth the year before and posting flat growth for the previous few years.

High GST may hit Make-in-India electronics goal
MAIT expressed concern over tax slabs under GST regime related to printers, monitors and data cables.

Onida open to sale at a good valuation, keen to take slot vacated by Videocon
The company wants to take the place vacated by debt-ridden Videocon while focusing on television and airconditioners and exploring an entry into refrigerator.

Only 21% Indians buy light bulbs comfortable for eyes: Lighting Survey
According to the Philips Lighting survey, for most Indians, eyecare is not treated at par with skincare and other health issues such as managing one's weight and fitness levels.

Videocon Telecom to strengthen Wallcam distribution network
The company started dealing in surveillance and security products in July this year with a target to clock a revenue of Rs 1,115 crore by 2021 and Rs 175 crore this fiscal.

Electronics cos raise concerns over proposed e-waste rules; see high costs in implementing
Some brands have already begun baking compliance costs into retail prices of phones, washing machines, air conditioners, and other appliances.

IT ministry to form industry groups for new manufacturing policy
The new policy push will aim to create an ecosystem of manufacturing in the country, enable India to become a significant global player in some of these categories.

Home appliance and consumer electronics market likely to grow by 10%
PwC report said factors like emerging middle class, rising disposable incomes and progressive reforms such as digital India and make in India will drive growth.

Hero Electronix acquires analog design business of AnalogSemi
The acquisition - whose financial details have not been disclosed - was made through the company's engineering services venture, Tessolve, Hero Electronix said in a statement.

Foxconn to expand in Tamil Nadu at Rs 300 crore outlay: Minister M.C.Sampath
Foxconn has said it would invest around Rs 300 crore and provide jobs for around 5,000 people.

Tamil Nadu allocates 49 acre land to Foxconn: Industries Minister
Foxconn had already employed 7,000 people in the State and had informed the government that the company will add another 5,000 new jobs by January (2018), he said.

Crompton Greaves out of Kenstar race
“Crompton Greaves Consumer Electricals has pulled out their bid to acquire the company. Everstone Capital is the lone contender now,” said one of the persons with direct knowledge of the deal.

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