Orient Electric is betting on Internet of Things (IoT)- enabled cooling solutions to grow its market share in air coolers business, said a senior official. “Coolers’ industry is a heavily crowded market space. We have started creating disruptions to gain market share not only by challenging the organised sector, but also the unorganised segment,” said Saurabh Baishakhia, senior VP and business head, appliances, Orient Electric.
The Reserve Bank of India board, which included the present Governor Shaktikanta Das as a director, had warned of short-term negative impact of demonetisation on the country’s economic growth and observed that the unprecedented move will not have any material impact on tackling the black money menace. The board, according to minutes of the meeting […]
Finance Minister Nirmala Sitharaman said on Friday that while the government will look into any challenges being faced by the economy, it will not allow Budgetary allocations to the social sector to be affected. She said this in response to a query on whether tax targets would be met in the wake of economic slowdown. […]
HCL Technologies on Friday posted a 13% increase in its consolidated net profit at ₹2,944 crore for the quarter ended December 2019, while revising upwards its revenue growth forecast on the back of optimism on demand environment. The company, which had registered a net profit of ₹2,605 crore in the October-December 2018 quarter as per […]