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Room air conditioners to now have default temperature of 24 degree Celsius: BEE

According to the notification, all brands and types of star-labelled RACs, which are rated from one star to five stars based on their energy efficiencies and manufactured, commercially purchased or sold in India, shall ensure default setting of temperature in the room air conditioners at 24 degrees Celsius, with effect from January 1, 2020.

Patent office rejects Tatas’ plea for Swach water purifier

The Delhi patent office has rejected an application by Tata Chemicals for its water purifier Swach on grounds of it being “obvious” and “lacking in inventive step”. The plea was rejected on January 2, on a pre-grant opposition filed a decade ago by HUL, which owns the Pureit brand.

Room heater sales soar as mercury drops

The oil filled models are imported making it impossible for companies to meet up the current stock out situation while some brands have restarted production for the basic models to meet up the continued demand.

Slowdown a challenge, but India looks promising in long term: Whirlpool chief

The company, which has more than 25-year-long presence in India and is now scaling up exports, also said “structural changes” such as demonetisation and GST had led to some “teething troubles” for the economy and resulted in creating a “brief period of uncertainty”.

Kent RO Systems to invest Rs 150 cr to set up manufacturing unit, double turnover in 3 yrs

The company, which has recently brought to the market a zero water wastage purifier, is looking at add capacity of 4 lakh units annually through its third unit.

Daily essentials may become dearer soon

FMCG firms said cost of commodities such as wheat, edible oil have gone up by 12-20%.

TCL to enter AC market in India next month

This comes after the company consolidated its presence in the television market in India having grown sales by 281% this year till now. TCL’s up-coming India plant, built at an outlay of Rs 2470 crore, will be fully operational by the third quarter of 2020, said Chen.

Whirlpool India MD Sunil D'Souza resigns, Vishal Bhola to succeed

The board of the company, in a meeting held on Monday, accepted the "resignation of Sunil D'Souza, Managing Director of the company who has decided to pursue interests outside of the company", Whirlpool of India said in a regulatory filing.

Air purifier sales see up to 60% spike on rising air pollution

Air purifier makers like Philips, Blueair, Panasonic, Eureka, Forbes, Sharp, Xiomi and Blue Star reported high double-digit jump in sales. Besides Delhi-National Capital Region (NCR), the companies also saw higher demand from tier-II cities like Lucknow and Kanpur.

Haier makes a Rs 775 crore bet on Indian arm

The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).

Panasonic India revenue dips 10% in FY19; company to enter  IT infrastructure management

Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management

As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.

Godrej Appliances to invest Rs 700 cr in capacity expansion over next 3 yrs

Godrej Appliances to invest Rs 700 cr in capacity expansion over next 3 yrs

"Godrej Appliances is all set to invest another Rs 700 crore by 2022. This latest announcement takes the tally of Godrej Appliances' investment in capacity and technology expansion to Rs 1,100 Crore over a period of six years," the Godrej & Boyce Mfg Co unit said.

Appliances and consumer electronics industry expected to double to Rs 1.48 lakh crore by FY25

Appliances and consumer electronics industry expected to double to Rs 1.48 lakh crore by FY25

The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing.

Global PE majors seek to sweep up Eureka Forbes

Global PE majors seek to sweep up Eureka Forbes

Discussions are currently on between the potential suitors & the Shapoorji Pallonji Group for a possible deal.

Finolex Cables launches range of electrical accessories

Finolex Cables launches range of electrical accessories

The manufacturer of electrical and communication cables has introduced a fast-moving range of electrical wire accessories to satisfy the growing demand for electrical products.

Inside Haier's plans to shed reticence and get aggressive in India

Inside Haier's plans to shed reticence and get aggressive in India

Haier disrupted the Indian refrigerator market with a bottom-mounted unit, and hasn't looked back since.

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