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.
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.
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.
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”.
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.
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 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.
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).
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 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.
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.