Motilal Oswal Financial Services has come out with a list of five stocks that can help investors ride the wave of growth as India emerges as a derisking option to China in the manufacturing supply chains of American, Japanese and Korean companies. These companies have been forced to look for an alternative to China after […]
Imagine Marketing Limited, the company behind ‘Boat’ earphones, has filed a draft red herring prospectus with the Securities and Exchange Board of India — taking the first step to listing its shares on the stock exchanges. The company wants to raise Rs 2,000 cr from investors. Out of this, only Rs 900 cr is being […]
Dixon Technologies, one of the rare success stories of India in electronics manufacturing, said it has started making fully automatic washing machines. The appliances are being made for BSH Household Appliances Private Ltd, the local unit of the global giant that owns brands such as Bosch. Manufacturing has been started at Dixon’s Tirupati factory. Before […]
Dixon Technologies, arguably the most successful Indian electronics manufacturer of all times, said it has decided to float a 40:60 joint venture with its customer and Japanese electronic components maker Rexxam to target both Indian and international markets. The two companies have inked a memorandum of understanding and will begin the work of thrashing out […]
India-based Dixon Technologies, one of the world’s largest contract electronics manufacturers, said it is in the final stages of operationalizing a deal with Chinese electronics maker Lenovo that will enable it to start export smartphones in coming months. This will mark the quickest move to exports for any category for Dixon Electronics. At present, the […]
India’s Coronavirus lockdown seems to have led to a sharp increase in demand for televisions sold via online retailers, according to inputs from Dixon Technologies, India’s biggest maker of TVs. Company CEO Atul Lall said that while the demand and sales of other consumer durables dipped during the lockdown, demand for TVs rose. Dixon Technologies, […]
Reliance Retail, which runs chains such as Reliance Digital and Jio Store, said it will offer 15% cashback on its full range of electronic goods as a part of its Diwali sale. Electronic accessories, such as headphones, will also get an additional discount of 10%, taking the total benefit to 25%. The offers are available […]
Electronics manufacturer Dixon Technologies said that it has acquired 50% shares in its joint venture company, Padget Electronics Private Ltd. Dixon had previously held a 50% stake in Padget. With this, Padget Electronics has now become a wholly-owned subsidiary of Dixon Technologies, the OEM said. Padget had a turnover of Rs 1,351 crores in the […]
Gravita India Limited, one of India’s biggest recycling companies, said it won a Rs 250 cr order from inverter manufacturer Luminous Power Technologies, a unit of Europe-based Schneider Electric. The order will be executed during 2018, the company said. “It will help the company to strengthen its top line and bottom line in coming FY […]
The goods and services tax will give a big boost to domestic electronic manufacturering as costs will be significantly brought down, said a study by ASSOCHAM-NEC. “The local manufacturers will be able to pass on the tax benefit to consumers in the form of price reduction,” said the report titled, ‘Electricals & Electronics Manufacturing in […]
Zebronics, a Chennai based electronics manufacturer, launched ZEB Cast 100 — similar to Google’s Chromecast device which helps in casting the screen of your phone or device onto a TV or monitor. The device has been priced at just Rs 1,699, compared with Rs 3,399 for Google Chromecast. “ZEB CAST 100 is compact easily fits […]
India’s attractiveness for manufacturers is growing due to availability of low-cost labor, said an ASSOCHAM-EY joint study. ¨Rising manufacturing costs in China and Taiwan are compelling manufacturers to shift their manufacturing base to alternate markets. In 2014, the average manufacturing labor cost per hour in India was US$0.92 as compared to US$3.52 of China,¨ said […]
Samsung’s fitness devices — Gear Fit2 fitness band and Gear IconX smart headphone — are now available for pre-order on Flipkart. The devices were unveiled in India earlier this month and are priced in the Rs 13,490-13,990 range. The Gear Fit2 band is priced at Rs 13,990 and comes in black, blue and pink colours […]
Intex Technologies launched its new 2.1 channel speaker IT-Turbo SUF BT at a price of Rs 4000 thereby expanding its 2.1 speaker series to 25 models. There are 10 models in 5.1 series and 15 models in the 4.1 series taking the total speaker portfolio to more than 70 models, said the company. The new […]
Zebronics, one of India’s biggest electronics brands, is offering a 40-inch LED TV and a sound bar for Rs 29,999 as part of its Diwali offerings. “Zebronics lights up this Diwali with surround sound and best viewing experience with its latest promotional offer which includes Zebronics Juke Bar worth Rs 5499 as the compliments to […]
