• ELECTRONICS
    LG Electronics India posts ₹1,534-crore profit in FY19

    Total revenues for FY19 stood at ₹15,945.20 crore Consumer durables company LG Electronics India posted a net profit of ₹1,534.50 crore in FY19, clocking 5.52 per cent growth over the previous fiscal. The company, which is a wholly-owned subsidiary of South Korean consumer durables major LG Electronics, had reported a net profit of ₹1,454.20 crore in FY18. Total […]

  • ELECTRONICS
    Mirc Electronics, maker of Onida, looks at 20% revenue from non-captive manufacturing in FY19

    Mirc Electronics, the maker of popular household electronic goods under the Onida brand, is looking to get into strategic alliances and eyeing 20 percent turnover from non-captive manufacturing in FY19. In an interaction with Moneycontrol, Vijay Mansukhani, Managing Director, Mirc Electronics, said that the company has been approached by peers for strategic alliances on manufacturing. […]

  • ELECTRONICS
    National electronics policy to be finalised in second half of FY19: Sources

    The government is expected to bring, this financial year, an ambitious national electronics policy that seeks to position India not only as production hub to serve the booming domestic market, but also for exports. The proposed policy that spans diverse areas ranging from medical electronics to mobile phones and automotives will underscore India’s growing manufacturing […]