Revenue at the cooling products division grew 20% year-on-year while Voltas maintained market leadership in the room air conditioner business
1 min read1 Jun 2020Revenue from operations during the quarter increased marginally to ₹1,492.51 croreCompany continues to be the leader in the room AC segment with a year-to-date market share of 24.3%.
1 min read7 Feb 2020The ACs will be in stored from this monthThe company has re-entered the On/Off AC segment with freshly designed split AC in 1 Ton and 1.5 Ton 3-star AC configurations
1 min read9 Jan 2020The BEE launched a voluntary star-labelling programme for fixed-speed RACs in 2006 and this programme became mandatory on January 12, 2009The ISEER is the energy performance index used for RACs and its assessment is based on the bin hours defined in ISO 16358
1 min read6 Jan 2020The 35 goods, which will be left in 28% slab once the new GST rates are implemented from 27 July, include AC, digital camera, cement, automobile parts, tyres, motor vehicles. aerated drinks, tobacco and cigarette
1 min read22 Jul 2018Chinese AC companies are eyeing India as a marketGREE is coming up with a plant near Pune, MIDEA and Haier are already well established in the country
2 min read4 Jun 2018Change in energy efficiency norms, and rise in raw material costs will put upward pressure on AC prices in the upcoming summer season
2 min read10 Feb 2018Amber Enterprises expects to get Sebi approval for the IPO soon and plans to utilise a part of the proceeds to retire debt
1 min read19 Nov 2017Mobile phone maker Micromax aims to make electronic appliances such as washing machine, refrigerator and microwave, after foraying into TVs and ACs
1 min read16 Oct 2017Researchers, including those from MIT, looked at a sea worm called Nereis virens in order to create a material, which has the ability to be flexible or rigid at convenience
1 min read1 May 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared