Latest Updates Around The World
LG Electronics India remains optimistic about its growth trajectory despite a difficult quarter marked by unusual weather conditions, geopolitical uncertainties and a temporary sales freeze due to GST restructuring. The company reported revenue growth of 1%, an industry-leading EBITDA margin of 8.9% and a significant increase in market share in TVs, refrigerators and air conditioning.Chief […]
LG Electronics India remains optimistic about its growth trajectory despite a difficult quarter marked by unusual weather conditions, geopolitical uncertainties and a temporary sales freeze due to GST restructuring. The company reported revenue growth of 1%, an industry-leading EBITDA margin of 8.9% and a significant increase in market share in TVs, refrigerators and air conditioning.Chief […]
Mumbai: The market value of LG Electronics India, according to the pricing of its upcoming initial public offer (IPO), is almost on the same basis with that of his South Korean parent. At the top of the price band, the market capitalization of the consumer electronic maker is more than £ 77,000 crore or $ […]
Precision component manufacturer AEQUS Limited has submitted an updated Haring Prospectus concept (UDRHP) to Market Regulator Securities and Exchange Board of India (SEBI) to launch its initial public offer (IPO). The company plans to increase RS 720 Crore by issuing new shares. The IPO also includes an offer for sale (OFS) of a maximum of […]
The Indian retail sector is ready for a revival led by consumption, because the recent decision of the GST Council to rationalize tax plates to reduce prices in a wide spectrum of goods. As of September 22, the new structure simplifies the system in two primary plates – 5% and 18% – while retaining a […]
Car, two-wheeler and consumer electronics makers in India increase production by no less than 25%, anticipating that GST-eating cuts on various products will cause an increase in demand that will be maintained at least until Christmas. Small car manufacturers are even more optimistic and expect that demand will remain floating for a longer period.The cutbacks […]
Automobile and consumer electronics dealers are careful for the crucial party season, because they are waiting for an imminent reduction of goods and service tax (GST) and product prices. The dealers slowly continue with the addition of inventory to maintain working capital and to prevent funds in the input tax credit from being locked if […]
