Samsung India Electronics profit declined 36 per cent to ₹7,228.10 crore for the financial year ended March 31, 2026, according to a RoC filing by the consumer electronics major. However, its revenue from operations rose slightly by 1.2 per cent to ₹1.12 trillion in FY26, according to financial data accessed through the business intelligence platform … Read more
Bajaj Electricals Ltd said it has signed a definitive agreement to acquire the intellectual property and brand rights of Morphy Richards in India and select South Asian markets for Rs 141.4 cr. (Morphy Richards, founded in the UK in 1936, is globally known for its premium, design-led home appliances and personal care products.) The Company … Read more
Apple is intensifying its succession planning efforts as Tim Cook prepares to step down as CEO as early as next year, according to a report by the Financial Times on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is potentially seen as Cook’s successor, the FT reported, citing several people familiar with discussions. … Read more
LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its … Read more
Union Commerce and Industries Minister Piyush Goyal. The Ministry of Commerce and Industry has said that the government has reopened the application window for the production-linked incentive scheme for white goods citing market growth and growing industry confidence following the success of earlier rounds of the PLI scheme | Photo Credit: ANI The government has … Read more
Bosch group has acquired 74.2% stake in Johnson Controls-Hitachi Air Conditioning India (JCHAI). The acquisition is effective July 31, 2025 and is consequent to the $8 billion global deal, wherein Bosch announced a takeover of the AC solutions business for residential and light commercial buildings from Johnson Controls about a year ago. JCHAI’s acquisition positions … Read more