Apple reshuffling management to give more focus on India

Apple is reorganising the management of its international businesses to give more focus on India, which has become an important market for the company. This marks the first time that India will be its own sales region at Apple, highlighting the nation’s growing significance. According to Bloomberg sources, the shift is happening after the retirement … Read more

No correlation between heat wave and demand for fans, coolers and ACs

Intense heat waves and extreme weather conditions have little bearing on revenue growth of companies selling products such as fans, coolers, and air conditioners, a detailed analysis of historical data by brokerage ICICI Securities has found. “On analyzing the heat waves in past three decades (FY92-FY22) and revenue growth of summer product companies (fan, cooler, … Read more

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