HAIER INDIA
Cars to clogs: Dhanteras brings out best retail day of year; takes festive value sales up 20%
Buoyant festive demand in Dhanteras, India’s largest sales period, will be a relief to companies and retailers as it comes in the backdrop of deficient monsoons, high food inflation, volatility in IT sector employment, continued geopolitical uncertainties and risks of El Niño weather conditions.
Bombay Coated & Special Steels shares to list today; GMP points to 10% listing premium
Bombay Coated & Special Steels is set to list on November 5, 2026, with a 10% grey market premium following 63.89 times IPO subscription. The Rs 183.06 crore issue aims to reduce debt, fund equipment acquisitions and support corporate requirements, backed by steady financial growth.
Handset, TV makers set to slash production on festive sales shock
Smartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and unit sales down sharply year-on-year. Surging memory-chip costs have pushed up device prices, hurting demand particularly in entry- and mid-range segments and forcing brands to scale back output over the next few months.
Bombay Coated & Special Steels IPO opens today; GMP at 11%. Should you subscribe?
Bombay Coated & Special Steels’ Rs 183.06-crore IPO opens on October 29, 2026, with a price band of Rs 78–82 and an 11% grey market premium. The company reported 20% revenue growth and 7% profit growth in FY26. Anand Rathi recommends subscribing for long-term investment, citing reasonable valuation and growth prospects.
Sony India TV, audio sales stay flat in FY26 despite GST boost
Overall revenue from operations grew a marginal 0.9% to ₹7,918 crore, while net profit rose 19% to ₹187 crore. The company's other businesses, comprising gaming consoles and digital cameras, recorded modest growth, with revenue increasing to ₹1,389 crore from ₹1,322 crore in FY25.
India Inc eyes a festive boom, but the bottom line holds a twist
Festive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increased demand but are also facing rising costs that impact profitability. Many consumers are driven by discounts and affordable payment options during this festive season. Businesses are adapting pricing strategies to balance consumer affordability with input cost pressures.
Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
Haier India to invest ₹7,000 crore in new facility in Andhra
Haier India plans a ₹7,000 crore investment in a manufacturing facility in Andhra Pradesh, marking its largest investment in the country. The facility, expected to create 21,000 jobs by 2032, will focus on producing various home appliances and is strategically located in the rapidly growing Tirupati-Chennai-Nellore electronics corridor.
Want an early signal on the economy and stocks this festive season? Watch 19 stocks, and what their managements say in the next 20 days
There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Diwali Sale 2026: Buying fridge, AC, or washing machine online? Here’s how to get the best deal on big appliances and save more
Online sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific Consumer Insights survey by S&P Global Market Intelligence, conducted in June 2026 among 1,000 internet adults each in China, South Korea and India, shows that most Indian respondents still primarily make retail purchases from stores.
'If you can't beat them, join them': Uday Kotak backs Chinese investment in India
Encouraging a paradigm shift, Uday Kotak of Kotak Mahindra Bank calls for increased Chinese investments in India. He posits that collaborating with Chinese firms could enrich India's manufacturing sector. Kotak’s remarks signal a reassessment of global investment trends, advocating for a cooperative model akin to China’s previous engagements with U.S. companies, aiming to expand the spectrum of available capital even in the face of trade tensions.
Have Money, Will Buy! Festive online sales off to fine 'premium' start
During the festive season, demand for premium goods has seen significant growth on e-commerce platforms. Sales have increased by 40% compared to last year, driven by consumers upgrading their purchases. Quick-commerce platforms have also experienced higher transaction values, particularly in urban areas. While mass-market demand has softened due to rising prices, premium products continue to perform well.
Festive demand on easy finance: Samsung, Vivo, Xiaomi and others stretch EMIs to 30 months, bear interest costs
Smartphone and consumer electronics manufacturers are extending EMI options to as long as 30 months. This move aims to cushion consumers from rising prices and stimulate demand during the festive season. Major brands like Samsung and Xiaomi are offering no-cost EMI schemes on various models, including entry-level options. Retailers expect finance-driven purchases to increase significantly during the festive sales period.
Despite price hike, appliance makers expect double-digit growth in festive sales
Air-conditioner and consumer appliance prices have risen 5-8% ahead of the festive season, but manufacturers expect sales to grow in double digits, driven by premiumisation, replacement demand, easy financing and improving consumer sentiment.
Haier, Godrej, Blue Star failed to detect fake e-waste recycling claims, India notice shows
Indian tax authorities have identified major appliance companies incorrectly claiming tax credits for non-existent e-waste processing services. The companies relied on documents from a recycler accused of fabrication and lacked verification of actual work done. Haier, Godrej & Boyce, and Blue Star face penalties for these false claims, totaling about $714,000. Investigators have found manipulated photographs used to support compliance with recycling regulations.
New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock market
For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credit growth and other official numbers, and then used them to work out whether households were spending more or pulling back. Those indicators still matter. But the Indian consumer has changed faster than the dashboard used to track consumption and spending patterns. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
LG Electronics to hike AC prices by 5-7 per cent from Oct 1 ahead of festive season
LG Electronics India has announced a price rise for air conditioners starting October 1. The increase will be between 5 to 7 percent ahead of the festive season. While other consumer electronics manufacturers have also raised prices, LG has not announced changes for its other products. Industry executives have indicated that rising material costs and inflation are affecting profit margins.
Festive shopping gets costlier as brands plan to hike AC, TV and appliance prices from October 1
Consumer electronics and appliance manufacturers in India will increase prices of products by 5-8% starting October 1. The rise in prices is attributed to higher costs of raw materials like copper and steel. Companies including Blue Star and Haier have confirmed these increases ahead of the festive shopping season. Despite the increases, some dealers have inventory stocked at old prices for the upcoming festivals.
Australia's Ingenia rebuffs revised $1.5 billion takeover bid from Warburg Pincus
Ingenia Communities has rejected a second takeover bid from Warburg Pincus. The private equity firm's improved offer valued the company at over two billion dollars. Ingenia's board stated the offer substantially undervalued the firm and was not in shareholders' interests. Analysts suggest a higher cash price would be compelling given the uncertain residential environment. The company remains confident in its strategic direction and growth trajectory.
Load More
