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Home-grown consumer electronics brand Onida is aiming a growth of 34 per cent this fiscal, touching Rs 1,000 crore sales on the back of retail expansion in non-metro cities.
Domestic consumer durable players are holding on to their prices despite a GST of 28 per cent unlike their MNC counterparts who have already hiked prices by two per cent.
After ruling Indian living rooms with their colour televisions for almost two decades, the ‘neighbour’s envy owner’s pride’ brand Onida is now betting big on Indian kitchens with plans to launch refrigerators as well as small home appliances.
LONDON, April 6, 2017 /PRNewswire/ -- Executive Summary The report titled "India Large Appliances Market Outlook to 2020- Make in Initiatives to Reduce Imports and Growing Demand for Sensor Enabled Products to Drive Demand" provides a comprehensive analysis of large appliances market in India including revenue from domestic sale in television, washing machine, air conditioner and refrigerator. Market was also estimated based on volume sales in each category.
The great Indian debt saga has had many victims, more of them lenders than borrowers. So far we have seen very few changes in control of companies – barring Essar Oil’s deal with Rosneft and Jaiprakash Associates sale of cement assets to Ultratech.
On March 28, 2017 Tamarind Family Private Trust sold 2,59,85,750 shares of Mirc Electronic at Rs 13.20 on the NSE.
The sell-off continued on Monday as equity benchmarks lost over half a percent, in addition to 1.3 percent loss in last week. Weakness across the globe and fell in index heavyweights drove the market down.