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DAIKIN INDUSTRIES SURGE
Voltas sells one million AC units in first quarter of FY27Voltas has achieved a significant milestone, selling one million room air conditioners in the first three months of the 2026-27 financial y...
Curbs on compressor imports could hit supply of ACs & refrigerators, warn companiesThe concern follows a May 8 order by the Department for Promotion of Industry and Internal Trade (DPIIT), which links compressor imports in...
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcingIndian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, ...
Global Markets | Japan's Nikkei slips from record high on tech dragJapan's Nikkei share index saw a dip on Friday, pulling back from its record peak. Investors took profits in technology stocks, especially ...
Global Markets | Japan's Nikkei jumps to record high on Mideast peace hopes; Daikin surgesOptimism over easing Middle East tensions pushed Japan’s Nikkei to record highs, with strong gains in Daikin Industries driving the rally.
Japan's Nikkei rises to near record high on Mideast peace hopes; Daikin surgesOptimism over easing Middle East tensions pushed Japan’s Nikkei near record highs, with strong gains in Daikin Industries boosting the inde...
Hot summer, higher AC costs: Daikin, Voltas, LG among brands raising prices by 5–15% this yearAir conditioner prices are set to rise by 5-15% between February and April. Leading companies like Daikin, Voltas, and LG are implementing ...
AC makers raise prices by 5–15% ahead of summer as input costs climbRoom air-conditioner prices are rising by 5-15% as manufacturers face higher costs for copper, aluminium, and freight. This price adjustmen...
This smallcap multibagger stock surges 226% from IPO price, climbs 60% in just 8 daysShares of smallcap stock KRN Heat Exchanger, hit a fresh high of Rs 716.90, surging 10% during Monday's intra-day trade on the BSE, defying...
As ACs start to sweat, cos plan machines the heat can't wiltAC makers innovate to meet high-temperature demands, balancing efficiency and performance. The push for models operating in extreme conditi...
AC makers clock two-fold jump in sales in May amid scorching summerVoltas, LG Electronics India, Blue Star, Daikin India, and Panasonic India have all experienced significant growth in AC sales in May, with...
Japan's Nikkei edges higher on earnings, Wall Street gainsThe Nikkei closed 0.41% higher at 38,229.11 after rising more than 1% early in trading.
Rising mercury cranks up the heat in AC marketIndustry fears a shortage with most companies not having enough key components such as compressors in stock to keep pace with demand.
Japan's Nikkei ends at 33-year high as BOJ's tankan survey signals recoveryJapan's Nikkei share average reached a 33-year high, driven by machinery makers and a positive quarterly survey from the central bank indic...
Japan's Nikkei rises as investors pick up firms with positive earningsIn Japan, Daikin Industries jumped 3.96% as the air-conditioning systems maker lifted its outlook, while West Japan Railway rose 3.47% afte...
Nikkei sees biggest gain in over 3 weeks after US inflation dataThe Nikkei share average ended 1.93% higher at 26,843.49 - the biggest jump since March 22 - and marked a sharp rebound from its near four-...
Japan's Nikkei ends lower as tech stocks track weakness on NasdaqThe Nikkei share average lost 0.61% to close at 26,821.52, after trading higher earlier in the session. The broader Topix slipped 0.38% to ...
Leading air-conditioner and refrigerator makers are expanding production capacityThe companies are forecasting a good year for both these products this summer after a washout 2020 due to lockdown and they also plan to ta...
- 'Factors favour Indian AC market'
Summer is still a few months away, but the country’s Rs 9,400-crore air-conditioning industry has started gearing up to push sales.
- Ingersoll-Rand acquires Trane for $10 bn
Ingersoll-Rand, the maker of Thermo King truck refrigerators, agreed to buy Trane for $10.1 billion in cash and stock to gain air-condition...