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DAIKIN MANUFACTURING CO
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...- Urban Company eyes ACs foray via in-house co Native: sourcesThe Gurgaon-based company, which offers a host of home services such as spas and AC repairs, already sells water purifiers and electronic s...
- Bosch acquires majority stake in JCHAI, becomes major player in India’s AC marketRobert Bosch GmbH has significantly expanded its presence in the Indian home appliance market by acquiring a 74.2% stake in Johnson Control...
- Chinese AC compressor import rules eased for a year to tackle shortageTo address a critical shortage, the Indian government has temporarily waived mandatory BIS certification for air-conditioner compressor imp...
- Summer product sales surge 40-50% in April as appliance makers worry about shortagesApril has been a scorching month for summer products like air-conditioners, refrigerators, air-coolers, soft drinks, and ice creams, with s...
- Daikin India unveils new factory, upskilling campus to fuel future growthThe new manufacturing facility and training institute will help it become India's largest AC equipment maker.
- 42 firms selected under PLI scheme for white goodsMinistry of Commerce & Industry said the selected applicants include 26 for air conditioner manufacturing with committed investments of Rs ...
- Heating up the market with growth & innovation: Daikin aims to achieve net-zero CO2 emissions by 2050Daikin is in the process of setting up its third factory by 2022, as the company looks at its Indian subsidiary to ramp up manufacturing.
- Japan stocks stumble as return to coronavirus lockdowns loomsThe Nikkei settled down 1.97 per cent at 29,100.38, its worst since March 24, while the broader Topix dropped 1.55 per cent to 1,926.25 in ...
- Japan shares fall as third wave of COVID-19 outbreak hurts sentimentThe Nikkei rose 0.6% for the week after hitting a 29-year high on Tuesday as progress in developing a coronavirus vaccine lifted equities.
- Companies stare at Rs 30,000 crore sales loss for summer products due to extended lockdownSummer sales of air-conditioners, refrigerators, soft drinks and ice creams will take a massive hit this year.
- Japanese shares rise, take heart from Osaka's selection for World ExpoThe broader Topix was up 0.2 per cent at 1,632.20.
- Nikkei ends at 8-week low, US FX comments hit automakers; Softbank sinksThe Nikkei share average ended 1.8 per cent lower at 22,271.30.
- Co-working space provider Smartworks opens second facility in ChennaiThe facility at OMR, Chennai is spread across 85,180 sq. ft. with a seating capacity of 1,500 seats.
- Nikkei bounces after slide as yen rally loses steamThe dollar traded around 111.30 yen, having pulled back from the previous day's low of 110.75.
- Japan Inc an Island of calm in India's chaotic business terrainJapan has the technological know-how and a cadre of mighty corporations hungry for new markets as economic growth and its population shrink...
- GST rates: Walmart says progressive, cola makers cautiousThe GST council has approved a four-tier GST tax structure of 5, 12, 18 and 28 per cent that aims to lower tax incidence on most goods.
- ACs, fridges & colas ride the heat wave; consumer companies expect a better April-June quarter showSeasonal goods have been flying off the shelves over the past week or so, estimating the uptick at 10-15% and attributing it to the severe ...
- Exedy India to delist shares from Indian boursesExedy India is delisting its shares from Indian bourses by offering exit route to the minority shareholders.
- New airport on Jaipur-Delhi highwayIt's a project that promises to change the fortune of this desert state. Talks are at an advanced stage for a greenfield airport on the Jai...
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