Banks can't use LOC as measure to recover money: Delhi HCThe Delhi High Court has ruled that banks cannot issue Look Out Circulars (LOCs) as a means to recover money. The court stated that LOCs ca...
08 Sep, 2023, 07.54 PM IST
Last-minute night curfew dampens New Year buzz for party-goers, hospitality industryWhile those in the hospitality industry scurried to understand the fine print of the Delhi government's decision and what it would mean for...
31 Dec, 2020, 06.56 PM IST
Import duty hike to drive local handset makingOn Saturday, the government proposed increasing the import duty on PCBAs to 20% from 10% and chargers to 20% from 15%, to encourage local m...
04 Feb, 2020, 10.40 AM IST
Customs duty hike to make imported mobile phones, chargers slightly expensiveThe government has also announced that it will come up with a new scheme to encourage domestic manufacturing of mobile phones, electronic e...
01 Feb, 2020, 09.07 PM IST
As unicorns like Flipkart, Quikr and Zomato turn 10, what next for the startup-verse?In 2017, the prodigal, wayward startups may still be able to find their way back home. But it may not be as easy in the years ahead.
26 Feb, 2017, 10.31 AM IST
Havells likely to buy Lloyd Electric's consumer business for Rs 1500 crore, to get toehold in room AC segmentIn a market crammed with about two dozen brands, Lloyd is third largest player in the room AC segment after Voltas and LG.
17 Feb, 2017, 06.46 AM IST
Lloyd Electric names Amitabh Bachchan as brand ambassadorThe company said its key focus for 2017 would be energy efficiency and Wifi-enabled ACs which would enable customers to operate them with t...
16 Feb, 2017, 04.44 PM IST
Car, consumer durable makers rejoice on RBI's 'festive gift'"Industry was looking forward for this for a long time. It is a welcome step for the entire auto industry," Maruti Suzuki India Chairman RC...
04 Oct, 2016, 07.21 PM IST
Ready-to-cook food startup Chefs Basket raises Rs 40 crore to expand offerings, reachChefs Basket has raised $6 million (about Rs 40 crore) in Series A funding from SAIF partners and India Value Fund Advisor’s partner Haresh...
10 Nov, 2015, 04.54 PM IST
AC makers like Videocon and Voltas focus on institutional sales due to slowing retail growthAir-conditioner makers such as Videocon and Voltas, hit by untimely rains this summer, are betting big on the business-to-business segment.
25 May, 2015, 03.00 PM IST
- Lloyd Electric targeting 11% of India’s AC market this summer
Lloyd Electric is planning to capture an 11% share of India’s air-conditioner market by selling around four lakh units this summer.
13 May, 2015, 09.06 PM IST
Lloyd ropes in Shruti Haasan as brand ambassadorPrior to this, the company had signed on Karan Johar and Akshay Kumar to endorse products such as air-conditioners, LED TVs, washing machin...
27 Apr, 2015, 11.21 PM IST
Lloyd Electric aims at 11% share in AC mkt; to sell 4 lakh unitsThe firm is also looking at higher ad spend of up to Rs 55 crore in the current financial year to push sales.
20 Apr, 2015, 04.49 PM IST
- LG, Lloyd, MTS, Morphy Richards, Bajaj Electricals and other companies betting on festive cheer to beat slowdown blues
Auto, telecom and consumer durables companies have raised their advertising and marketing budgets by up to 50% to convince cost-conscious b...
28 Sep, 2011, 03.56 AM IST
- Have Rs 5 lakh, will become PE investor
Small retail investors, with even Rs 5 lakh to spare, can join a PE group and enjoy the benefits of being a limited partner.
21 Apr, 2009, 01.20 AM IST