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Italian group Itema to start production in Coimbatore

The Italy-based Itema Group is to commence production from its Coimbatore textile machinery unit under the Savio brand name from January 2008. Talking to a group of visiting journalists, company officials said that the new Indian textile spinning unit...

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...

Casio ties up with Reliance Retail — targets Rs 300 crore in five years

The Indian arm of the Japan-based electronic goods giant Casio has tied up with Reliance Retail to expand its distribution network. It is also learnt that the company is in talks with other major retail players for further expansion....

Videocon Communication is Trend Electronics

Videocon Communication, which manufactures and exports consumer electronics, has been renamed as Trend Electronics, from May 1, 2007. Videocon Group, which owns Videocon Communication, has said in a statement to the Bombay Stock Exchange, that the name change has...

Best Buy Q4 profit rise 18 per cent

Largest U.S. consumer-electronics retailer, Best Buy Co., said its fourth-quarter profit rose on redemption of gift cards. Net income for Best Buy rose by 18 per cent to $763 million. The company had a pretax charge of $144.6 million...

The Gurus and the Gods – Brands and Retailers – Partners or Adversaries

The Gurus and the GodsBrands and Retailers – Partners or AdversariesBy Rajeev KarwalThe Consumer Durables industry, as I define it is inclusive of consumer electronics, entertainment electronics, home appliances-large and small, photographic equipment, IT products, telecom, gaming equipment and...

‘Electronics Festive Bonanza ‘ at all E-Zone stores

Home Solutions Retail (India) Ltd., part of the Future Group, has announced the first-of-its-kind ‘Electronics December Dhoom’ shopping bonanza at all E-Zone electronics specialty stores between December 23 and 31, 2006. Between Christmas and New Year, every E-Zone store,...
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FSSAI to launch quality check of food items like dairy products, spices, fortified rice

FSSAI carries out various pan-India surveillance on various food products to assess the compliance status of implemented regulationsNew Delhi:...
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