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Daewoo enters Indian consumer electronics & appliance market through Kelwon Electronics

Kelwon, which sells products, including Lithium Hybrid Inverters and LED TVs, will introduce products in sectors such as energy and power, and consumer electronics, under brand Daewoo - now owned by South Korean conglomerate POSCO DAEWOONew Delhi: South Korean...

Powering the Countryside

The consumer durables market in rural India is expected to witness STEADY growth in FY12, provided the three major bottlenecks – lack of infrastructure, low distribution and poor availability of finance – are taken care of.The consumer durables and...

Haier India acquires Daewoo Anchor Electronics

The Indian operations of $13.9-billion Chinese consumer durables major Haier announced the acquisition of Daewoo Anchor Electronics in India.Daewoo Anchor’s facility, spread over 40 acres in Ranjangaon, Pune, manufactures refrigerators, colour televisions and washing machines. Haier plans to upgrade...

Videocon may ink Daewoo deal by next month

The bid to acquire Daewoo electronics by Videocon-led consortium, which was about to die seems to have breathed life again. Videocon International had insisted on a 15 per cent cut on the original purchase bid of $730 million, has...

Daewoo Creditors may stall Videocons bid

The much publicize $730 million acquisition by Videocon-led consortium of Daewoo Electronics may end in the bin if creditors of the ailing Korean company reject a price cut demand by the proposed buyers.Videocon-led consortium which also includes US-based equity...
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Samsung expects to sell 2 million units of Galaxy F15 5G in next 12-15 months

Samsung targets "a sale of about 2 million units of the newly launched handset in the next 12-15 monthsNew...
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