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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
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Thu, Sep 19, 2024
Business Standard
Shyam Metalics arm acquires 100% stake in SMEL Steel Structural
Shyam Metalics and Energy's wholly-owned subsidiary, Shyam Sel and Power (SSPL) has acquired a 100% stake in SMEL Steel Structural, a promoter group company, for total consideration of Rs 1 lakh.
The Economic Times
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Jet Freight Logistic, TVS Electronics, Lypsa Gems, Bal Pharma and STL Global, hit their fresh 52-week highs during the day.
The Economic Times
TVS Electronics adds electronics manufacturing services at Karnataka plant
TVS Electronics added an Electronics Manufacturing Services capability at its Tumakuru facility in Karnataka, offering PCB assembly, product testing, box building, and supply chain solutions. The Chief Business Officer, Sathya Doraisamy, highlighted the commitment to enhancing manufacturing capabilities and strengthening the Make-in-India initiative. Shares settled 2.11% lower at Rs 330 apiece on the Bombay Stock Exchange.
