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Electronics & Electrical

Leading smartphone player Xiaomi has entered the fast-growing digital payments market with its Mi Pay service. Primarily an UPI (Unified Payments Interface) based mobile application, the Mi Pay service will be accessible to all MIUI- its mobile user interface users in India. https://www.business-standard.com/article/companies/xiaomi-enters-digital-payments-market-expands-handset-manufacturing-119032000049_1.html

Air conditioning and commercial refrigeration major Blue Star Limited is aiming at raising its market share to 13.5 % from the current 12.8% in FY 20. In the current year the market share of the company has increased by 0.5 % to12.8% as it performed better than the industry. https://economictimes.indiatimes.com/industry/cons-products/durables/blue-star-targets-13-5-market-share-in-fy20/articleshow/68500646.cms

Leading smartphone player Xiaomi has entered the fast-growing digital payments market with its Mi Pay service. Primarily an UPI (Unified Payments Interface) —based mobile application, the Mi Pay service will be accessible to all MIUI — its mobile user interface — users in India. https://www.business-standard.com/article/companies/xiaomi-enters-digital-payments-market-expands-handset-manufacturing-119032000049_1.html

Xiaomi, which overtook Samsung to become the leader in the Indian smartphone market, has just invested Rs 3,500 crore into its Indian entity, the highest by the Chinese company since it entered the country over four years back. https://economictimes.indiatimes.com/tech/hardware/xiaomi-pumps-rs-3500-crore-into-india-business/articleshow/68457172.cms

Blue Star is planning an investment of Rs. 185 crore in the next fiscal as the air-conditioning major prepares to take advantage of demand revival. The company, which is celebrating its 75th anniversary, will invest the money in manufacturing, research and development and advertising and communication. https://www.thehindubusinessline.com/todays-paper/tp-news/article26539947.ece

Consumer durables major LG Electronics India aims to garner revenues of about Rs. 3,500 crore this year from the air-conditioners segment with a bigger push towards the 5-Star AC range. In 2017, the company had decided to shift its entire AC line-up to inverter technology. https://www.thehindubusinessline.com/todays-paper/tp-news/article26504917.ece

Bharat Electronics Limited (BEL), a defence public sector undertaking, presented SWAGAT, the Automatic Fare Collection Gating System. Prime Minister Narendra Modi launched the system as part of the inaugural of Phase I of the Ahmedabad Metro. https://www.thehindubusinessline.com/todays-paper/tp-news/article26443350.ece

India’s largest home grown white goods maker, Godrej Appliances plans to invest Rs 500 crore over the next three years to expand capacity and set up a new plant in Pune in a move aimed at completely localising its production process right till the component level. https://economictimes.indiatimes.com/industry/cons-products/durables/godrej-appliances-lines-up-rs-500-crore-investment/articleshow/68274176.cms

LG India is targeting a 30 per cent growth in revenue from its commercial air-conditioning business this year against 20 per cent in 2018, with product differentiation being the focus. In 2018, the fastest growth for commercial ACs was driven from sectors like hospitality, healthcare and education, followed by offices. https://www.thehindubusinessline.com/todays-paper/tp-news/article26403131.ece

Chinese tech major Xiaomi is exploring new products, available in its home market, that can be introduced in India. Xiaomi have 80-100 categories, while in India we have only 10-12 of these. https://economictimes.indiatimes.com/tech/hardware/xiaomi-exploring-new-products-for-indian-market/articleshow/68203466.cms