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Whirlpool's India unit posts fall in Q1 profit on soft demand
Home appliances maker Whirlpool of India Ltd (WHIR.NS) reported a 10.6% drop in first-quarter profit on Monday, impacted by softer demand. Key Points
ReutersAmazon Prime Day Launches: Shop these New Ranges of Large Appliances
Discover the latest large appliances on Amazon Prime Day Launches. Upgrade your home with top-notch options during this Amazon Sale. Key Points
Economic TimesDPIIT to roll out mandatory quality norms for home electrical appliances; one order to cover 85 standards
These products, which are divided under six categories, include Vacuum Cleaners, Electrical Shavers Hair, Massage Appliances, Electric Steam Cookers, Electric Heating Tools, Electric Coffee Makers, and Electric Food Processors. Most of the imports are coming from China. As many as 85 standards will be covered under one quality control order for safety of household, commercial and similar electrical appliances, Joint Secretary in the DPIIT Sanjiv told PTI. Key Points
Economic TimesFlipkart to now let you exchange non-functional phones and home appliances
Flipkart has announced a new Exchange Program for non-functional phones and other electronics. This program is also applicable to appliances to address the issue of electronic waste and provide a hassle-free solution for Indians. Key Points
India TodayGet into consumer stocks; 2 stocks to buy as metals in a very sweet spot: Sanjiv Bhasin
Sanjiv Bhasin of IIFL Securities recommends investing in consumption stocks like Voltas and Havells. He says real income is going to be generated now from the tier II, tier III, and the smaller rural class, where we are seeing unprecedented growth He is bullish on metals and recommends Vedanta and JSW. Bhasin mentions investments in Indiabulls Real Estate and Indiabulls Housing Finance. Key Points
Economic Times
Greenchef appliances SME IPO lists at a premium of 20% on NSE SME
Greenchef appliances Ltd shares listed on NSE SME exchange at ₹104 per share, 19.5% higher than the issue price of ₹87. IPO subscribed 44.89 times. Key Points
mintAmazon Great Freedom Festival Sale: Up to 65% off on TV and Appliances
Upgrade your home entertainment and living experience with the Amazon Sale on TV and appliances. Discover amazing discounts and deals on top-quality televisions and innovative home appliances. Key Points
Economic TimesGreenchef appliances IPO: Check subscription status on Day 3, key dates, and other details
Greenchef appliances Ltd IPO was subscribed 44.88 times on Day 3, with bids received for 26,25,72,800 shares against 6,163,200 shares on offer. Key Points
mintInflation ties heartland’s wedding consumption in knots
Wedding celebrations in rural and semi-urban areas of India are being affected by persistent inflation. The rising prices of essential items are causing a decline in demand for traditional wedding items like gold jewellery and household appliances. The inflationary pressures are putting a strain on the budgets of households, particularly those with lower to mid-level incomes. Sales of jewellery, household appliances remain flat during wedding season even as people turn to gifting cash in rural, semi-urban markets. Key Points
Economic TimesVoltas revives plans to make AC compressors in India
Tata-owned home appliance manufacturer, Voltas, plans to manufacture air-conditioner compressors in India with a partner from either Japan or Korea, after a previous proposal with China's Highly International was rejected by the government. The company has lined up investments of over Rs 1,300 crore for manufacturing, including expanding capacity and manufacturing newer home appliances. Key Points
Economic Times
Amazon Great Indian Festival 2023: Big Savings on Kitchen and Home Appliances
Unlock incredible savings on kitchen and home appliances with the Amazon Sale that went live yesterday. Check out this article to upgrade your living space while staying within your budget. Key Points
Economic TimesPrice-sensitive US shoppers nab early 'Cyber Monday' deals
As the year's biggest U.S. online shopping day got underway on Monday, discount-seekers used their phones and laptops to snap up electronics, clothing, toys, jewelry, appliances and even personal care products. Key Points
ReutersGreenchef appliances IPO: Check subscription status on Day 2, key dates, and other details
Greenchef appliances Ltd IPO was subscribed 7.43 times on Day 2, with bids received for 4,34,56,000 shares against 6,163,200 shares on offer. Key Points
mintAmazon Festival Sale 2023: Save big with up to 44% off on home appliances
Amazon Sale 2023: Discover 10 best-quality home appliances and avail attractive discounts on them. Read on to know more. Key Points
Hindustan TimesAmazon Great Freedom Festival Sale 2024: Major Price Drop Up to 80% off on mixers, air fryers, blenders from top brands
Explore incredible savings on top-rated mixers, blenders, and air fryers during Amazon's Great Summer Festival Sale 2024. Upgrade your kitchen with premium appliances at unbeatable prices. Don't miss out on limited-time offers and exclusive discounts. Key Points
mint
Amazon Sale 2023: All deals on ACs, Refrigerators, Washing machines, TVs from top brands
If you are looking for the best electronics in the Amazon sale 2023 and want to know the best deals available, you have come to the right page. Check out the best ACs, Refrigerators, Washing machines, TVs and Kitchen appliances in the Amazon sale. Key Points
Economic TimesWedding season: No significant pick-up in demand for gold jewellery, household and kitchen appliances in s
This is driven by the fact that daily household inflation is yet to sober down completely impacting consumption amongst masses or people with low-to-mid income levels. Overall consumption in small towns and rural areas is impacted for 6-8 quarters now due to inflation though the rich in these markets are buying, that too premium products. Cash is replacing jewellery and electronic products as wedding gift. Key Points
Economic TimesAmazon Great Indian Festival 2023: Top deals on home and kitchen appliances
Amazon Great Indian Festival 2023 is going to kickstart in just a few hours. It's time you get the best of home and kitchen appliances at discounted rates. Key Points
Hindustan TimesIndia's Orient Electric posts Q2 profit on one-time gain, steady demand
Appliances maker Orient Electric (ONTE.NS) on Friday reported a second-quarter profit, aided primarily by a one time gain from land sale and buoyed by steady demand for its consumer durables business. Key Points
Reuters