Philips India appoints V Raja as new Vice-Chairman and MD

Raja will join Philips from TE Connectivity.

Philips to raise local sourcing for LEDs

The LED market, at present, is estimated at around Rs 2,275 crore in India and is growing at a compounded annual growth rate (CAGR) of more than 40%

Sansui plans to double sales this fiscal

Sansui expects four new launches of ultra-high definition television sets will help drive sales in India.

Godrej Appliances enters super premium segment with new brand

In FY'16 we expect 5% of our revenues to come from the super premium segment for refrigerators.

Sensex plunges 182 points; consumer durables stocks drop

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), was Monday trading 182.14 points, or 0.62 percent, down in the afternoon session as consumer durables stocks plummeted.

Whirlpool of India Q3 Net up 48% at Rs 31.54 crore

Consumer durables firm Whirlpool of India is targeting up to 15 percent revenue growth in the current fiscal on the back of new launches and sale of higher value products.

Kenstar forays into AC segment in exclusive tie-up with Amazon

Consumer durables maker Kenstar has forayed into the air condition segment by launching a line-up of split models, which would be exclusively sold through e-Commerce firm Amazon.

Videocon to invest Rs 2,000 cr for fibreglass plant in Gujarat

The fibreglass plant will look to tap the growing wind energy sector in the country.

Durables makers want reduced excise duty beyond Dec 31

Consumer durables industry wants the government to extend the reduced excise duty beyond December 31, stating a higher tax could lead to increased product prices that may affect already sluggish sales.

Consumer durable firms expect festive sales to ring in Acche Din

To attract buyers, durable makers are offering freebies like hard disk drive, DVD players, carrying case and accessories.

Budget 2014: Consumer durables makers seek cut in duties

Ahead of the annual budget to be announced next month, the Consumer Electronics and Manufacturing Association (CEAMA) has asked the government to take steps such as reduction in customs and excise duties on consumer durable products and rapid implementation of GST.

Consumer durables makers expect good sales this summer

Japanese consumer giant Sony is expecting its television sales to "at least double" this year on the back of FIFA World Cup.

Videocon appoints Sanjeev Bakshi as COO

Homegrown consumer durables company Videocon on Tuesday announced the appointment of Sanjeev Bakshi as its Chief Operations Officer.

BSE Sensex fails to maintain initial gains, turns negative

Similarly, the 50-share NSE benchmark Nifty moved lower by 7.70 points, to 6,182.

Haier to break even this fiscal with 33% increase in turnover

Consumer durables firm Haier India today said it expects 33 per cent increase in its turnover to Rs 1,600 crore which will help it to break even in the current financial year.

Sensex hovering below 19,600; consumer durables, metal stocks fall

The 30-scrip Sensex, which opened at 19,589.44 points, was ruling at 19,582.82 points, down 56.90 points or 0.29 percent around 1.15 p.m. from its previous close at 19,639.72 points.

Consumer durables more affordable for rural households: Crisil

Rise in discretionary spending and low level of price rise in consumer durables has resulted in higher affordability of these articles for rural households, says a Crisil report.

Cut interest rates, keep EMIs at affordable level: FM to banks

Finance Minister P. Chidambaram Saturday called for increased consumer spending as a booster shot to the sagging economy and asked bankers to lower EMIs (equated monthly instalments) for consumer durable loans.

India's electronics ind to cross $400 bn by 2020: Assocham

Increasing demand in the consumer durables and automobiles sectors is driving the growth of the Indian electronics market, which is expected to cross USD 400 billion by 2020, says a study.

Future Group ties up with Kenwood

British consumer durables firm Kenwood Monday tied up with the Future Group-run EZone and HomeTown to hawk its products in Mumbai.