The conversation around the PLI scheme for air conditioners started in May last year and just a couple of weeks later the government and industry came together to chart out an initial strategy.

Voltas expect this demand to be high in the coming few months as well, owing to an increased need for automation of household chores due to the continued work-from-home culture

The new line-up of fully automatic front load washing machines is made for India and features Samsung's proprietary EcoBubble and QuickDrive technology to help save time and power while providing 45 per cent extra fabric care

The industry is hopeful of high demand for consumer durables, especially cooling appliances. In addition to the weather, the rising cases along with the work from home culture is likely to fuel the demand for white goods in the country

LG had announced in January it was considering all options for the business after logging nearly six years of losses totalling some $4.5 billion

Spending more time at home due to the coronavirus pandemic, consumers have splashed out on an array of high-margin consumer electronics which in turn has helped cause a global shortage of semiconductors

We expect the trend to continue and are aiming to close Q4 registering more than 100 per cent growth (QoQ). In the case of refrigerators, we are expecting to record a growth of 30 per cent in refrigerators this summer, says Manish Sharma, President & CEO, Panasonic India and SA

Brands including Panasonic, Haier and Thomson are considering to increase prices from April this year, while some like LG have already raised prices due to hike in prices of open-cell

Instead of the usual chocolate and flowers, you can gift your Valentine a gadget this year to make them feel special

In comparison to January 2020, job postings in some industries have improved, according to Monster Employment Index, by Monster.com - a Quess Company

A significant spike in prices of key raw materials post lockdown has thrown a curveball at the revival story of India Inc

Lack of semiconductor manufacturing is turning out to be the biggest hurdle in India's tryst with self-reliance in electronics. It requires 'out of the box' thinking by government and industry

The Mahindra-Ford joint venture isn't the first partnership to fail in the auto world, nor will it be the last. Here are five instances where collaborations in the past have gloriously missed their target

Unlike previous years, where consumers would visit stores to make purchases, there has been a significant shift towards online purchases on account of coronavirus pandemic

Sony, however, said that they are watching the supply side which is currently changing day by day. Managing Director Sunil Nayyar said that there is excess demand due to work from home and there is limited supply because factories are not running at full capacity

In an interaction with Business Today, Venugopal Dhoot says that they plan to raise the money from monetisation of assets, affordable housing, consumer electronics and home appliances business

Launched in 2018, Nykaa Fashion that was operating through its online portal till now announced its foray into offline retail with its first store in Ambience Mall in Delhi's Vasant Kunj area

The import challenges due to the coronavirus pandemic have made it difficult for most brands to get their products into the country this year, resulting in a supply crisis

CAIT added that Diwali sales rose by more than 10% year-on-year, indicating 'good business prospect' for small businesses. CAIT members include retailers who sell everything from electrical items to furniture and footwear.=

Amending the policy, Director General of Foreign Trade has revised the existing policy from free to prohibited. The move has been welcomed by the domestic as well as international players having operations in India