LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Top News  :  Havells India to buy Lloyd Electric's consumer business for Rs 1500 crore: Report

Havells India to buy Lloyd Electric's consumer business for Rs 1500 crore: Report (17-Feb-2017)

Havells India, one of the prominent makers of branded electrical products, is reportedly in advance negotiations with Lloyd Electric & Engineering to acquire its consumer durables business for around Rs 1200 -1500 crore, to get a toehold in the fast growing Indian air conditioners market.  The consumer business for Lloyd Electric is its mainstay accounting for the 58% of its total revenues and 44% of the operational profits of the company in the December 2016. Its other business divisions - heat exchangers, original equipment manufacturing and packaged AC business - have seen flat or declining sales.

Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.


Top News Today
L&T's construction arm bags orders worth Rs 2,112 crore
(24-May-2018)

L&TLarsen & Toubro's (L&T) construction arm - L&T Construction has won orders worth Rs 2,112 crore.The company's Buildings & Factories Business has secured orders worth Rs......click on news to read complete article.

Godrej Industries reports over 4-fold jump in Q4 consolidated net profit
(24-May-2018)

Godrej Industries reports over 4-fold jump in Q4 consolidated net profitGodrej Industries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a net loss of Rs 48.18 crore for the quarter ended March 31, 2018 as compared to net......click on news to read complete article.

Piramal Enterprises gets nod for scheme of amalgamation
(24-May-2018)

Piramal Enterprises gets nod for scheme of amalgamationPiramal Enterprises has received approval from National Company Tribunal (NCLT), Mumbai Bench for Scheme of Amalgamation of the company's wholly owned subsidiaries - Piramal Finance (PFL) and Piramal Capital......click on news to read complete article.

International Stock News
Asian markets exhibit mixed trend in early deals on Thursday
(24-May-2018)

Asian markets exhibit mixed trend in early deals on ThursdayAsian market indices are exhibiting a mixed trend in early deals on Thursday after US stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not......click on news to read complete article.

US markets end higher as Fed hints at gradual rate hikes
(24-May-2018)

US markets end higher as Fed hints at gradual rate hikesThe US markets ended higher on Wednesday after the minutes from the Federal Reserve's May 2 meeting confirmed that policy makers support a June rate increase and are maintaining a calm attitude about the......click on news to read complete article.

Asian markets trade mostly lower in early deals
(23-May-2018)

Asian markets trade mostly lower in early dealsAsian markets are trading mostly in red terrain in early deals on Wednesday after Donald Trump cast doubt on a historic summit with North Korean leader Kim Jong Un and appeared to hit out at a deal with......click on news to read complete article.

 

     
  
Recent Top News News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.