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India Earnings >> Current News
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 Current News
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Market for window ACs to decline in next 3 years       21st-Jan-2013
Window ACs, which are facing poor demand and low sales mainly due to strong response for split air-conditioners, are likely to go out of industry in the next three years, a top official of AC manufacturer Blue Star said today.
Hitachi to sign pact with Guj to set up desalination plant       24th-Dec-2012
Japanese industrial solutions giant Hitachi will sign a contract with the Gujarat government next month for setting up of a sea water desalination plant in the state that will treat 3.36 lakh tonnes of water every day.
Expect 17% plus growth in room AC segment: Blue Star         21st-Dec-2012
In an interview to CNBC-TV18, B Thiagarajan, president, Air-Conditioning & Refrigeration Products Group, Blue Star said that their air conditioning market was growing in-line with estimates.
FDI to boost biz; expect uptake in cold storage: Blue Star         24th-Sep-2012
FDI in retail will provide impetus to the corporate sector, he adds. Moreover, some uptake can also be expected in the cold storage segment, said Tyagarajan.
Symphony targets Rs 500 cr turnover       12th-Sep-2012
Air cooler maker Symphony today said its global turnover is likely to grow by 59 per cent in FY'13 to Rs 500 crore, including Rs 100 crore in sales from its new industrial and commercial segment in India.
Hitachi's unit in Guj inoperable after fire       19th-Jul-2012
An unit of consumer durable firm Hitachi Home & Life Solutions here has become inoperable after a major fire broke out there.
Fire at plant: Hitachi Home is assessing the loss         19th-Jul-2012
A major fire broke out at a Hitachi plant in Ahmedabad on Thursday morning. In an interview to CNBC-TV18, Amit Doshi, executive director of Hitachi Home & Life Solution India says, as of now, the assessment has been done. "We are assessing the loss as
Hitachi plant in Gujarat gutted in fire       19th-Jul-2012
A major fire broke out at a Hitachi plant in Ahmedabad on Thursday morning. The fire gutted about 60-70% of the plant that is located in Karan Nagar area, about an hour from the capital.
Blue Star to set up new plant for refrigeration products       23rd-Dec-2011
Blue Star plans to invest Rs 15 crore this fiscal in a new manufacturing plant in Ahmedabad to make refrigeration products like deep freezers, bottle coolers, milk and water coolers.
Hitachi Home targets 20-25% growth this year         9th-Jun-2011
Amit Doshi, Director - Corporate Affairs, Hitachi Home in an interview with CNBC-TV18 said, though the April-May season turned out to be slightly negative in terms of growth for the market, it still expects growth in the room air-conditioner market ahead.
Whirlpool to invest Rs 100cr on marketing this year       11th-May-2011
Home appliances maker Whirlpool will invest up to Rs 100 crore on advertising and marketing of its products this year as it gears up to enter the kitchen appliances segment by next month, reports The Economic Times.
Blue Star hikes prices of ACs, refrigerators         28th-Mar-2011
To counter the escalating raw material prices, Blue Star has hiked prices of its air-conditioning and refrigeration products.
Whirlpool to invest Rs 125 cr next fiscal       11th-Feb-2011
Whirlpool India will invest up to Rs 125 crore on new product development, marketing and enhancing infrastructure in the next fiscal, reports The Economic Times.
Hitachi eyes 10 pc market share in AC segment in 2011       11th-Feb-2011
Air-conditioner maker Hitachi Home and Life Solutions (India) is eyeing 10 percent market share in volume in the country this year, reports The Economic Times, quoting a top company executive. Currently, the company's market share is about seven percent
Hitachi India eyes USD 2 billion turnover by 2013       11th-Feb-2011
Japanese consumer durables firm Hitachi aims to double its turnover to USD 2 billion in India by 2013, reports The Economic Times, quoting a company official. It will set up a new research and development centre in the country by March next year.

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