Sony India expects sales to drop next fiscalMarch 19th, 2009 KOLKATA - Consumer electronics company Sony India Pvt Ltd is expecting a lower sales growth in 2009-10 due to the global meltdown, a top official said here Thursday. 'We expect a sales growth in the range of 15-20 percent, lower from the current fiscal,' Sony India head (sales) Sunil Nayyar told reporters.
Samsung India targets 25 percent turnover growthFebruary 4th, 2009 CHENNAI - Consumer durables major Samsung India Electronics Ltd, which reported a turnover of $1.7 billion in 2008, is targeting 25 percent growth this year, a top official said here Thursday. 'We don't see any serious slowdown in our sales owing to the economic slowdown.
Nikon launches eight new camerasApril 8th, 2009 NEW DELHI - Photographic equipment manufacturer Nikon Wednesday launched eight new models of its flagship Coolpix brand of digital cameras, priced in the range of Rs.7,450-Rs.25,950. The company, which commands five percent share in the Indian compact camera market, is targeting to double it by year-end.
Samsung India bets big on touch screen mobilesSeptember 30th, 2009 CHENNAI - The Indian subsidiary of South Korean consumer durable major Samsung is betting big on touch-screen mobile phones, targeting a 20 percent value share in the domestic handset market this year. "We expect our touch-screen models to contribute around 20 percent of our total sales this year.
Nikon seeks lower import duties in IndiaJune 11th, 2009 NEW DELHI - Digital imaging products manufacturer Nikon Corp is hoping for a reduction in countervailing duty and additional duty in the 2009-10 budget to enable it stay more competitive against grey market products being sold in India. "Sales as much as 30 percent are impacted due to cheaper alternatives in the black market.
Viacom's 2Q profit falls 32 percent on weak ad market, slow video game salesJuly 28th, 2009 Viacom's 2Q profit falls 32 percentNEW YORK — Viacom's second-quarter profit tumbled 32 percent as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases. The media conglomerate controlled by billionaire Sumner Redstone earned $277 million, or 46 cents per share, compared with $407 million, or 65 cents per share, in the same quarter last year.
Toyota no longer pursuing 15 percent global market share under new presidentAugust 7th, 2009 Toyota not chasing 15 percent global market shareTOKYO — Toyota under its new president will no longer chase global market share and other numerical targets, even as it hopes to sell more cars in emerging markets, a company executive said Friday. Under previous presidents, Toyota Motor Corp.
Toyota unveils new InnovaJanuary 27th, 2009 NEW DELHI - Auto major Toyota Kirloskar Motors Wednesday unveiled a face-lifted version of its multi-purpose vehicle (MPV) Innova, priced between Rs.766,000 and Rs.1.1 million (Rs.11.06 lakh). The new Innova will feature an upgraded front grill and front bumper along with modified tail lamps and parking sensors in the rear bumper, alloy wheels and a redone interior.
Top 5 Reasons Why Samsung LCD TVs are the Best in IndiaMarch 9th, 2009 With a global trend of dumping the CRT TVs, India is of no exception to the trend with the market of LCD TVs growing nearly at a rate of 100% per year. According to Display Search analysis the LCD TV market of India will surpass the CRT TV market by 2012.
Nokia reports pre-tax loss for first quarterApril 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.
Toyota launches sports utility vehicle FortunerAugust 24th, 2009 Indo-ASIAN NEWS SERVICE
NEW DELHI - Japanese car maker Toyota Kirloskar Motor (TKM) Monday launched its sports utility vehicle (SUV) Fortuner here. Priced at Rs.18.45 lakh -- ex-showroom in Delhi -- the Toyota Fortuner is now available in India in only its diesel variant.
Mobile phone maker Sony Ericsson posts 2Q net loss of euro213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Nokia to plant sapling for every old handset returnedDecember 30th, 2008 BANGALORE - Global telecom major Nokia India will plant a sapling for every old mobile handset or accessory deposited with its dealers or customer care centres in this tech hub from Jan 1, the company said Wednesday. 'We want to educate mobile users on the importance of recycling e-waste.
Research in Motion fiscal first-quarter earnings up 33 cents on increased salesJune 18th, 2009 RIM 1Q earnings up 33 percent on increased salesTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday exceeded first-quarter expectations when it reported a 33 percent rise in profit but disappointed investors with its guidance.
Mobile phone maker Sony Ericsson posts 2Q net loss of €213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
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