Videocon Industries, one of the biggest local-grown consumer durables companies in India, confirmed that it had been placed under bankruptcy by the National Company Law Tribunal, in a petition by SBI. With this, the company’s board of directors have lost their power to control the affairs of the company, and its power has been transferred […]
Zee Group’s DTH arm Dish TV said it intends to go ahead with its merger with rival Videocon D2h, having made an assessment of the possible impact of bankruptcy proceedings against D2h’s promoter group by banks. It said it will make further filings with the Registrar of Companies on the merger. “Upon evaluation of the […]
Crompton Greaves, one of India’s biggest electrical durables makers, said it has not executed any binding transaction documents with Videocon Industries on the acquisition of the Kenstar brand in India. Responding to a report in the Economic Times that said a binding offer at Rs 1,400 cr has been submitted, Crompton Greaves said: “The results […]
Videocon Wallcam has launched a CCTV solution with bundled 4G connectivity in association with Vodafone. It unveiled a 4G-enabled vehicle surveillance kit and stand-alone outdoor and indoor CCTV cameras, both with a 4G sim slot to support 4G connectivity. This ensures that the camera can be placed anywhere with 4G connectivity and only the power […]
Videocon has launched its first 4G smartphone, the Z55 Krypton, at a price of Rs 7,999. Though the pricing is largely okay, the specifications of the phone fall well short of what is offered for the same price by models like Xiaomi Redmi Prime, Yu Yuphoria, Intex, Lenovo A6000 Plus and so on. The main […]
Spectrum trading is likely to lead to consolidation in the Indian telecom industry and four telecom operators — Bharti Airtel, Idea Cellular, Vodafone and Reliance Jio — are likely to emerge the winners — analysts said. “The industry could see emergence of four pan-India players (Bharti Airtel Limited, Vodafone India Limited, Idea Cellular Ltd and […]
Akshay Dhoot, nephew of Videocon Group chairman Venugopal Dhoot, has joined Videocon Industries as head of technology. “He brings in a fresh vision and energy towards the futuristic technology in the field of home appliances and consumer electronics. In his new role, Mr. Akshay Dhoot will be instrumental in formulating technologically advanced products at Videocon […]
