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LG expects 2 mn AC sales in 2024 on harsher summers; IoT devices to chip in 10% of total sales

LG Electronics India, a wholly owned subsidiary of South Korea-based major LG Electronics Inc, on Monday launched 77 new models of air conditionersNew Delhi: Appliances maker LG Electronics has recorded sales orders of 1 million units for residential air...

AC industry expects double-digit growth, over 11.5 mn unit sales this season

The sale of energy-efficient 5-star inverter-technology-based models will have a higher contribution from metro cities and other big marketsNew Delhi: The sale of air conditioners has seen a relatively slow start, contrary to expectations, but manufacturers remain confident of...

Havells’ consumer durables brand Lloyd enters Middle East market

Havells acquired Lloyd in 2017. The brand has two manufacturing units at Ghiloth in Rajasthan and Sri City in Andhra Pradesh with a combined annual manufacturing capacity of 20 lakh air conditioners in IndiaNew Delhi: Havells India Ltd on...

Import curbs on laptops, tablet will boost local manufacturing: Industry players

The government imposed import restrictions on laptops, tablets and certain types of computers with immediate effect for security reasons and to promote domestic manufacturingNew Delhi: The government's decision to impose import restrictions on laptops, tablets and certain types of...

Lloyd to open 30 retail showrooms in UP by 2020

Consumer durable brand Lloyd said it is planning to open 30 retail showrooms in Uttar Pradesh by 2020 and is looking to double its business in the state in the next 3-4 years.The company, owned by Havells India Ltd,...

Havells appoints Shashi Arora as CEO of Lloyd

Consumer electrical goods maker Havells has said it has appointed Shashi Arora as the CEO for its consumer durable brand Lloyd.According to a PTI report, Shashi Arora was earlier the MD and CEO of Airtel Payments Bank, part of India's leading telecom firm Bharti Airtel.He...

Flipkart to sponsor IPL 9 on Hotstar

For the ninth edition of the cricket tournament, Star India, which owns the digital rights of the cash-cum-controversy rich Indian Premier League, has roped in Flipkart and eight other sponsors on Hotstar. The brands that have already come on board...
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FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...
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