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Business Standard

France's Thomson enters Indian audio market with launch of TV soundbars

French consumer electronics brand Thomson, through its brand licensee Super Plastronics Pvt Ltd (SPPL), on Thursday announced its foray into the Indian audio market with the launch of soundbars here. Thomson, which is already present here in the TV and other appliances segments, also has plans to expand its play into the audio segment by launching more products in the soundbar and entering into the larger speaker and party speakers segment, SPPL CEO Avneet Singh Marwah said. As part of SPPL, it has invested Rs 50 crore to set up a new manufacturing unit at its existing Noida plant, which will produce half a million units in a year, he added. "We are aiming to have a 10 per cent market share of the audio segment in the online channels," Marwah said. According to Marwah, the Indian audio market is experiencing rapid growth. Sales of products such as soundbars have increased after a rise in sales of 4K smart TVs and the growing consumption of OTT content. "Now 85 per cent of customer

Business Standard

Piramal Pharma receives SBTi validation for its GHG commitment

Piramal Pharma has embarked on its sustainability journey as the Science Based Targets initiative (SBTi) officially validated the company's near-term greenhouse gas (GHG) emission reduction targets. This validation aligns with Piramal Pharma's core purpose of 'Doing Well and Doing Good,' driving its business strategies and strengthening the company's commitment to making consistent, measurable progress toward a more sustainable future.

Business Standard

Water purifier maker Livpure eying over 1 mn subscriptions within 4 years

Livpure is betting big on its water-as-a-service model, targeting over 10 lakh subscriptions in the next four years as it intensifies efforts to scale up affordable access to clean and purified water across India, according to company Managing Director Rakesh Kaul. The company, also present in categories such as appliances, mattresses and sleep accessories, is targeting a turnover of Rs 900 crore this fiscal year, a growth of up to 60 per cent from the previous year. "India is a huge market, and everyone knows that purified water and access to purified water is a big challenge...Currently, in a country the size of ours, penetration of water purifiers is still at 7 to 8 per cent of the total household population of India," Kaul told PTI. With a view to reducing the cost of access to clean drinking water to consumers, he said,"We launched an innovative business model called water-as-a-service four years back, whereby we decided that the installation (of electric water purifier) will .

Mint

Piramal Pharma share price jumps 23% in September so far and 68% YTD; investors could 'buy on dips' says analyst

Piramal Pharma share price surged 23% in September and 68% YTD, driven by strong trading volumes and growth prospects. A minor correction occurred due to profit booking. The US Biosecure Act boosts confidence in Indian CDMO players, potentially increasing business opportunities.

Business Standard

Maruti Suzuki eyes significant increase in exports by 2030: MD, CEO

Maruti Suzuki India (MSI) is looking at a significant increase in its overseas shipments by 2030, MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at the 64th annual session of industry body SIAM here, he noted that the automaker's overseas shipments will witness "multiples of growth" in coming years. "There is no reason why India should not target a big pie of global trade. As Maruti Suzuki, I can tell you we are not talking about percentage growth but in terms of multiples of growth. So, our exports from India today are three times of what we had four years ago. Not only that, our exports will be 3 times of today in about 6 years from today," Takeuchi said. The company is already exporting some vehicles back to Japan, he said. Last month Maruti Suzuki commenced export of its sports utility vehicle Fronx to Japan. The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port. Fronx is the first SUV from the MSI stable to be launched in Japan. MS

The Economic Times

Premier Energies shares continue their bull run, skyrocket 181% since listing

The surge continues as the company, earlier in the last week, announced receiving a Rs 215 crore order from the Uttar Pradesh Department of Agriculture for the supply of 8,085 solar water pumping systems across various districts in the state and is scheduled for completion by March 2025.

Business Line

ITI, SEPC bag development contracts in Bihar

ITI bags ₹300-crore project to install solar street lights; SEPC bags ₹182.57-crore drinking water supply project

CNBC TV18

US House passes Biosecure Act - How will it impact Indian Pharma

Shares of Laurus, Syngene and Piramal Pharma are trading at or near to their 52-week high levels.

Business Standard

Va Tech Wabag stock soars as Axis Sec initiates coverage with 'Buy' rating

Domestic brokerage firm Axis Securities, initiated coverage on the water supply and management company with a 'Buy' rating at a target price of Rs 1,700 per share, reflecting an upside of 29.4%

The Economic Times

Technical Breakout Stocks: How to trade Glenmark Pharma, Piramal Pharma and Suven Life on Monday

The Indian market closed in the red for the fourth consecutive day, with the Sensex falling over 1,000 points and Nifty50 below 24,900. Despite this, Glenmark Pharma, Piramal Pharma, and Suven Pharma showed positive trends. Analysts suggest a bullish outlook for these stocks based on recent technical indicators.

Business Standard

Premier Energies spurts after bagging orders worth Rs 217 cr

Premier Energies surged 15.41% to Rs 972 after the company received an order from Uttar Pradesh Department of Agriculture for the supply, installation, and commissioning of solar water pumping systems across various districts in the state.

CNBC TV18

Analysts see upside in Piramal Pharma, JSW Holdings, Pidilite Industries, GNFC and Dabur India

On Thursday, market tech analysts Apurva Sheth and Mitessh Thakkar recommended these stocks for the short term.

Business Standard

Piramal Pharma hits record high in weak market; surges 12% on heavy volumes

As many as 43.42 million equity shares, representing 3.3 per cent of total equity of the pharma company, had changed hands on the NSE till afternoon

Business Standard

ABB launches wireless home automation solution 'ABB-free@home'

ABB India announced the launch of ABB-free@home in India, a Smart Home automation system with enhanced interoperability. This cutting-edge and comprehensive wireless home automation solution is designed to enhance comfort, security, and energy efficiency for the residential segment. It allows users to integrate and control additional elements such as white good appliances, third party devices as well as EV chargers, through a single interface.

Business Standard

Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand

The government on Monday approved a proposal of Kaynes to set up a semiconductor unit in Sanand, Gujarat with 6.3 million chips per day capacity, entailing an investment of Rs 3,307 crore. Announcing the decisions of the Union Cabinet, IT Minister Ashwini Vaishnaw noted that a complete semiconductor ecosystem is coming up in India. "Today, the Cabinet has approved Kaynes' plant, with a capacity of 6.3 million chips per day. The plant will come up in 46 acres, it is a big plant and large portion of the production will go for Kaynes Industries, it has already been booked," the minister said. The plant will also cater to chips related to the power sector. The company has already acquired land in Sanand, Gujarat for the project, and construction will start soon. The proposed investment for the unit is about Rs 3,307 crore. "Power related chips..chips used in automobiles and home appliances, will also be produced in this plant," Vaishnaw said.

Business Standard

RoC fines V-Guard MD over appointment, retirement related rules violation

The Managing Director of V-Guard Industries, a manufacturer of electrical and home appliances, has been fined by the Registrar of Companies (RoC) over violation of rules and regulations related to retirement and appointment of directors on the board. The RoC Ernakulam has imposed a penalty of Rs 2.03 lakh on V-Guard Industries Managing Director M K Chittilappilly for violation of Section 152(6) of the Companies Act over an application filed by the company suo moto. "The Managing Director has received an Adjudication order from RoC, Kerala imposing penalty under Section 159 of the Act for default under Section 152(6) of the Act," the company said in a regulatory filing. Section 152 (6) of the Companies Act governs the appointment and retirement of directors in Indian companies. It mandates the retirement of all directors at Annual General Meetings (AGMs). One-third of rotational directors should retire each year, but the number may vary depending on the total directors' count. Howe

Mint

Prakash Pipes Q1 Results Live: Profit Rise by 37.52% YoY

Prakash Pipes Q1 Results Live: Revenue increased by 16.67% YoY & profit increased by 37.52% YoY

The Economic Times

Maruti Suzuki's export of Made in India SUV to Japan boosts Brand India global image: Goyal

Commerce Minister Piyush Goyal announced Maruti Suzuki's export of the Fronx SUV to Japan, enhancing the 'Brand India' image. Over 1,600 units departed from Gujarat’s Pipavav port, marking the first Maruti SUV exported to Japan. This move highlights India's growing global automotive presence and manufacturing capabilities

The Economic Times

Maruti Suzuki commences export of Made in India Fronx to Japan

Maruti Suzuki India has started exporting its Fronx SUV to Japan, with the first shipment of over 1,600 units leaving from Gujarat's Pipavav port. Fronx will be the first SUV from Maruti Suzuki to be released in Japan, following its record-breaking sales in India since April 2023.

Business Standard

Major domestic appliances market sees 18% growth in first half of 2024

The market of major domestic appliances saw an 18 per cent value-based growth in the first half of 2024, helped by a strong demand for essential household items, according to a report from GfK. The growth in MDA (major domestic appliances) market was led by Key categories such as air-conditioners and refrigerators, which reported a growth of 30 per cent and 7 per cent, respectively. "This growth is 3X of growth in 2023 over the previous year," said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report. The report also added that customers are now looking for feature-rich and premium products, which is fuelling the value growth in the appliance segment. Now washing machines with capacities of 9kg or above have recorded an "impressive growth rate of 30 per cent"

Business Line

Stock to buy today: Piramal Pharma (₹166.35)

Place stop-loss at ₹145

The Economic Times

Bosch weighs offer for appliance maker Whirlpool, say sources

​ German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.

The Economic Times

Amid heat wave, Delhi's peak power demand reaches all-time high of 8,647 MW

Delhi experienced its highest peak power demand ever at 8,647 MW due to a persistent heatwave. The increased use of air conditioning and cooling appliances contributed to the record rise in power demand.