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Electronics & Electrical

Whirlpool comes to India with European appliance. Whirlpool India has forayed in the commercial appliance segment and is eyeing a 5% market share in the next 18 months.Company is bringing its European product range to India which includes dishwashers, ovens and ice makers. These appliances are expected to be installed in hotels, institutes, restaurants, bars […]

Mirc Electronics Ltd, which owns the Onida brand, today said its board has approved raising of equity investment of Rs 144.12 crore from marquee investors to meet its long-term working capital and corporate requirements. Board has approved issue of 1.92 crore equity shares and 1.92 crore warrants convertible into equity shares on preferential basis at […]

Lava is raising $30 million (about Rs 193 crore) from an affiliate of state-backed Chinese technology group Tsinghua Holdings, a first move by an Indian handset maker to raise capital in a tough market amid increasing competition from Chinese rivals. Noida-based company has issued five lakh compulsory convertible preference shares to Hong Kong-based UNIC Memory […]

Floated a year and a half ago by the promoters of Century Plyboards’, Century LED is targeting a Rs.100 crore turnover in 2017-18 and hopes to double its manufacturing capacity from 10 million units to 20 million units next year. Company which has managed to enhance its network to 16 states also plans to enter […]

Taiwanese consumer electronic gadget contract manufacturer Foxconn is expected to invest Rs 300 crore in expansion of their operations and the government has approved the allotment of 49 acres land, said Tamil Nadu industries Minister M.C.Sampath. Interacting with reporters on the sidelines of Connect-2017 organised by Confederation of Indian Industry (CII), he said Foxconn has […]

Hero Electronix, the electronics and technology venture of the Hero group, today announced acquisition of analog design business of Bengaluru-based Analog Semiconductors. Acquisition – whose financial details have not been disclosed – was made through the company’s engineering services venture, Tessolve, Hero Electronix said in a statement.It adds to Tessolve’s analog design services offering and […]

Micromax is planning to invest Rs.300 crore in manufacturing. Company will also foray into segments such as washing machine, refrigerator and microwave, as it plans to be a complete consumer electronics maker.It also aims to have seven to eight percent market share in the TV panel market this FY 2018 by selling around eight lakh […]

Osheen Electronics is planning to set up an LED bulbs, LED lights and panels manufacturing unit at Electronic Parkin Raipur district of Chhattisgarh. Work on the project is expected to begin by February 2018. LED Lights project will entail an investment of Rs. 29 crore and will spread over two acre of land. Land acquisition […]

Steel ministry is spearheading a Rs 500-crore public-private research and development project for indigenous technology to produce high value cold rolled grain oriented (CRGO), or electrical steels in India. Electrical steels, used in manufacturing static motors such as transformers, are priced at nearly Rs 1.5 lakh per tonne —five times the value of hot rolled […]