Electronics
Retail
Tatas to engage in retail war with Future Group
The retail scene is hotting up with the Tata Group’s retail arm Croma taking on the players like Future Group in the private labels (own brand) segment.The Tata Group’s wholly owned subsidiary, Infinity Retail’s Croma, has entered into a...
Retail
Harman International expects double-digit growth in India
Harman International, one of the global majors in manufacturing audio and electronic products for automotive, consumer and professional use, has planned to strengthen its retail operation in India. As part of the plan, the company opened an outlet in...
Retail
Electronics retailer Yamada Denki to open store in China
As part of its first overseas move, Japan-based consumer electronics retailer Yamada Denki plans to open its maiden outlet abroad in China. The proposed plan will materialise by the end of 2009. The cooling real estate prices embarked the...
Retail
Toshiba ties up with ModusLink for supply-chain solutions in Europe
In an effort to manage its growing European supply chain for a variety of storage products, Toshiba Electronics Europe has signed a multi year deal with ModusLink Corporation, a subsidiary of CMGI.ModusLink is slated to deliver a wide range...
Retail
Retail sales in Canada surge
The increasing price of gasoline failed to deter Canadians as August retail sales jumped 0.7 per cent to US$ 34.5 billion as they bought more automobiles, furniture and clothing during the month, well ahead of economists expectations.New car sales,...
Retail
Italian group Itema to start production in Coimbatore
The Italy-based Itema Group is to commence production from its Coimbatore textile machinery unit under the Savio brand name from January 2008. Talking to a group of visiting journalists, company officials said that the new Indian textile spinning unit...
Retail
Haier India acquires Daewoo Anchor Electronics
The Indian operations of $13.9-billion Chinese consumer durables major Haier announced the acquisition of Daewoo Anchor Electronics in India.Daewoo Anchor’s facility, spread over 40 acres in Ranjangaon, Pune, manufactures refrigerators, colour televisions and washing machines. Haier plans to upgrade...
Retail
Casio ties up with Reliance Retail — targets Rs 300 crore in five years
The Indian arm of the Japan-based electronic goods giant Casio has tied up with Reliance Retail to expand its distribution network. It is also learnt that the company is in talks with other major retail players for further expansion....
Retail
Videocon Communication is Trend Electronics
Videocon Communication, which manufactures and exports consumer electronics, has been renamed as Trend Electronics, from May 1, 2007. Videocon Group, which owns Videocon Communication, has said in a statement to the Bombay Stock Exchange, that the name change has...
Retail
Best Buy Q4 profit rise 18 per cent
Largest U.S. consumer-electronics retailer, Best Buy Co., said its fourth-quarter profit rose on redemption of gift cards. Net income for Best Buy rose by 18 per cent to $763 million. The company had a pretax charge of $144.6 million...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps
A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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