Voltas slips 8%, hits lowest level since January 2021 on demand concerns

Shares of Voltas hit a 52-week low of Rs 883.20 on the BSE as they slipped 8 per cent in Friday’s intra-day trade amid concerns that te July-September quarter (Q2FY23) may see subdued sales numbers due to low seasonal demand. With today’s intra-day decline, the stock has corrected 35 per cent from its 52-week high … Read more

LG targets leadership position with 32% share of Indian TV market

South Korean consumer electronics major LG is targeting for a 32 per cent share of the Indian TV market in 2022, with a gain of around 5 per cent to become the number one player in the segment, a top company official said. The company is banking on its country-specific product line-up with local insights, … Read more

Reliance to acquire dozens of brands in $6.5 billion consumer goods play-sources

India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, … Read more

Apple’s Steve Jobs Used Vacations for Big-Picture Brainstorms

An early Apple engineer said Steve Jobs would use his vacation for big-picture brainstorming. Sometimes that would mean Jobs calling employees five or six times a day. Those chats would cover new technologies and what’s next for Apple. Something is loading. Apple co-founder Steve Jobs appears to have also struggled to turn his brain off … Read more

Crompton acquires controlling stake in Butterfly. Seems an attractive buy.

Crompton Greaves Consumer Electricals (CGCE) has announced acquiring a controlling stake in Butterfly Gandhimathi Appliances (BGA). Key points to note: CGCE is acquiring 55% stake from BGA’s promoter group @ Rs 1,403/ share Consideration value for this tranche comes to Rs 1,379.68 crore Promoters total stake in BGA is currently 64.78%. Balance not selling may … Read more

‘If we do not evolve with the millennials, then  we  are  dead’

Consumer technologies brand boAt, owned by Imagine Marketing Pvt. Ltd, has carved a niche as a cool online wearable brand. The company has tied up with a clutch of celebrities, including Taapsee Pannu, Kiara Advani and Diljit Dosanjh, to promote its brand. “We talk to consumers in a language they understand. Millennials are very impatient, … Read more