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
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
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
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
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
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
Apple Inc on Tuesday announced a range of new products at its first event of 2022, including a low-cost iPhone SE with 5G network and M1-chip powered iPad Air. The American technology giant also introduced the M1 Ultra, a new addition in the M1 chip line-up. It is a high-performance chip, which will power its … Read more
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