HP INDIA
CCI finds laptop maker HP rigged bids, levies Rs 14.28 crore penalty
The Competition Commission of India imposed a Rs 14.28 crore penalty on HP India and its resellers. This action followed findings of cartelisation in the sale and supply of print hardware consumables. HP India received a Rs 11.98 crore fine, while resellers collectively paid Rs 2.30 crore. The regulator also levied Rs 128.09 crore on HP India and five resellers for similar conduct.
CCI slaps over Rs 140-cr penalties on HP India, resellers for breach of antitrust rules
The Competition Commission of India imposed significant penalties on HP India and its resellers. These fines total Rs 142.37 crore for alleged cartelisation and bid-rigging practices. The regulator found HP India dictating prices and manipulating reseller participation in tenders. Resellers submitted cover bids to create an illusion of competition in government e-marketplace tenders. Both HP India and resellers' officials were found liable for these anti-competitive actions.
New HP India MD Ipsita Dasgupta sees 'no end' in India devices demand
HP India managing director Ipsita Dasgupta was appointed the India head of the laptop and personal computer maker in October last year. She said that demand for laptops and PCs will remain strong as of now in countries like India where device penetration is less than 20% overall.
Despite slowdown in overall PC business, gaming segment continues to be robust: HP official
HP India Senior Director (Personal Systems), Vickram Bedi on the sidelines of the launch of a new gaming PC from the company said that apart from gamers, high-end content creators are also opting to buy gaming laptops which is expanding the market base.
2020 Best year for business on pandemic-led demand: HP India
HP is keen to grow investment in India through the production-linked incentive (PLI) scheme covering products such as laptops and servers. At present, it manufactures only desktop computers in India.
Over 10,000 websites selling counterfeits de-listed, fake goods worth $6 million seized: HP India
HP India's Anti-Counterfeiting and Fraud (ACF) programme helps combat the production, distribution, and sale of counterfeit ink and toner printing supplies in the region. It also aims to create awareness on the scale and severity of the fraudulent printing supplies market in India.
HP India may cut 500 jobs, say analysts
The company last week said it would let go 7,000-9,000 employees globally by 2022 as part of a restructuring of operations intended to cut costs.
HP India approaches Customs Tribunal for early hearing
HP's India unit has approached the Customs Tribunal for an early hearing and extension of the stay on a case of the alleged $386 million duty evasion.
HP India launches new converged systems, storage solutions
The new HP ConvergedSystem products simplifies IT use, enabling clients to go from order to operations in as few as 20 days, HP India said in a statement.
HP remains optimistic on computing market despite low GDP outlook
HP India remained optimistic about the computing products market in the country despite projections despite lower GDP expectations for the current fiscal.
HP sees rising growth in West Bengal
Technology major HP today said it registered 68 per cent growth in laser printer segment and 71 per cent growth in inkjet printer sector in West Bengal last fiscal.
HP launches new high-capacity deskjet printers
HP today launched new high-capacity deskjet printers capable of printing up to 1500 black and 750 colour pages with single cartridge.
Hewlett-Packard unveils 'affordable' storage solutions for SMBs
Hewlett-Packard today unveiled storage solutions for small and medium businesses, saying that they will maximise SMBs' investments and make data management more efficient.
Customs tribunal stays $386 million order against HP India
Customs, Excise and Service Tax Appellate Tribunal has stayed Commissioner of Customs Bangalore's order against HP India Sales Private Ltd, HP said.
Winning in India depends on how much loss you bear: Neelam Dhawan, HP India MD
HP India MD tells whether HP would cut PC prices in India to take on rivals like Dell and Lenovo.
Government seeks to correct awkward social media skills
Whereas protestors were using social media successfully to achieve their aims, the government was struggling to get its message across.
Heard on the Street: MphasiS, R-Infra
MphasiS shares rose 4.4% to close at Rs 581.05 on Friday on renewed speculation the company may be merged with parent HP India.
HP India gets Rs 1,450-cr tax notice for Customs evasion
The government has slapped a tax notice of Rs 1,450 crore on the computer-maker Hewlett Packard India for allegedly evading Customs duty, a charge which was refuted by the company.
HP India targets BFSI, ITES, SMBs to grow MPS biz
HP India plans to team up with channel partners to give a fresh thrust to grow its managed print services (MPS) business in India.
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