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

Acrysil India predicts to reach Rs 1000 crore revenues

Chirag Parekh, CMD has predicted that the Company will achieve revenues of Rs 1,000 crore in the next three years. Key points to note – Trailing twelve months revenues of the Company were Rs 405 crore. Given the Covid disruption and subsequent revival of the Indian real estate sector as well as overall revival in … Read more