Voltas Has 24.1 Per cent Share in the Room Air Conditioners Market

The company has released financial data for the quarter ended 30 June 2019 Company said its turnover grew by 24 per cent and profit before exceptional items and...

LG Posts Highest Growth Figures For Home Appliances Business

LG Home Appliance and Air Solution Company reported record sales of USD 5.23 billion in Q2 2019 The company seems to be continuing its struggle in the smartphone...

Samsung’s Profit Dips by Almost Half in Q2 2019

The company said it sold 8.3 million smartphones and four million tablets during the second quarter Samsung's profits from TVs fell YoY due to intensifying competition Samsung made a...

Crompton Greaves Financial Results for Quarter Ended June 2019

Crompton Greaves electrical consumer durables (ECD) segment grew by 16 per cent Company's profit after tax margin increased from 8.7 per cent in Q1 FY19 to 9.1 per...

Lenovo’s Device Group Business Grew 9.9 Per cent Last Year

The company said that this business vertical was driven by Lenovo’s smart IoT strategy. Lenovo's pre-tax income more than doubled (109 per cent) year-on-year to US$1,843 million for the...

Crompton’s Electrical Consumer Durables Segment Grew 10 Per cent

Company shared that its total income for the year was Rs 4,478.9 Croress. These figures represent a growth of about 11.1 per cent (GST adjusted) "The Board of directors, at...

LG’s Q1 2019 Revenue Lesser Than its Q1 2018 Revenue

The LG home appliance and air solution company generated first-quarter revenues of USD 4.86 billion and operating profit of USD 647.3 million LG Electronics Inc. (LG) has announced consolidated sales...

Samsung Reports Losses in Display Panel and Smartphone Business

Samsung's mobile division, as per the company, will now focus of flagship devices such as the 5G smartphone. It's TV division is expecting strong sales from premium TVs Samsung Electronics...

Huawei Posts ‘Bullish Growth in the Face of Adversity’ Report

Company's rotating chairman said that the easiest way to bring down a fortress is to attack it from within. He was probably referring to rising tensions between Huawei and...

LG Mobile Communications Company Registers US$ 700.65 Million Loss

The brand claims that its home appliances and home entertainment business verticals registered highest annual profits in 2018 LG Electronics has announced year 2018 revenues of US$ 54.4 billion (KRW...

New Products

Iball Launches Wireless Headphones For Children in India

Iball said that these wireless headphones emit only a maximum of 85 DB sound output These, as per the company, are also made...

Samsung Launches Galaxy Note 10 at Starting Prices of Rs 69,999

This is the first time that Samsung has launched two variants of a Note Series Smartphone Samsung that its Bengaluru R&D members have...

Vingajoy Launches Portable Wireless Speakers in India

The company had entered the consumer electronics market in 2018 Vingajoy claims that this Bluetooth speaker offers playtime of up to six hours...

People

Panasonic’s Associate Director Joins BSH as India MD

BSH's existing MD Gunjan Srivastava has been promoted as company's Asia-Pacific head Company's new India MD was previously associated with Panasonic, Samsung, LG...

Panasonic’s Saket Choudhary Joins Realme Mobiles India Team

Saket has joined has Realme Mobiles as senior marketing manager for offline media Xiaomi's sales head had recently joined Realme India team Saket Chodhary,...

Panasonic’s New Head of Marketing has Two MBA Degrees

He was earlier associated with Samsung, Times Internet and Hewlett Packard Panasonic had recently launched 14 new TV models in India Panasonic has appointed...

Rumors

Oneplus to Launch Smart TVs in September: Report

Huawei has introduced smart TVs under its sub-brand Honor Oneplus is a smartphone brand that works under the umbrella of BBK A recent report...

Huawei Planning to Lay Off Employees in USA: Report

The govt of USA had blacklisted Huawei in May 2019 Companies like Google had earlier revoked support to Huawei devices A report published by...

Samsung Might Cut 1000 Jobs in India: Report

Economic Times report says that the layoffs are a aftermath of lowered smartphone and smart TV prices Samsung has around 20,000 employees in...