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Under the agreement, Electrolux will be able to produce and sell French-door refrigerators using patented technologies developed by LG. The value of the deal was not disclosed, reports Yonhap news agency.
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The 30-share BSE index was trading 173.47 points or 0.43 per cent lower at 40,512.03, and the broader NSE Nifty slipped 47.20 points or 0.40 per cent to 11,883.15.
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The all-cash transaction which is valued at $550 million (4,048 crore) is expected to close by January 2021
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Of the Rs 7,300 crore shortfall in target, the company aims to address around Rs 4,200 crore in Q3 FY21
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These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-1 for the Assessment Year 2020-21 relating to the Financial Year 2019-2020
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Airbus South Asia President, Remi Maillard expressed confidence in the industry's potential along with its revival prospects on the back of strong fundamentals
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Huawei is struggling with U.S. sanctions that cut off its access to most American technology and components in a feud with Beijing over technology and security
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The company, which over the years has produced models like the Indica, Sierra, Sumo, Safari and the Nano, had achieved the 10 lakh production mark for passenger vehicles in 2005-06 and 30 lakh milestone in 2015
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The programme allows a rapid process from cardholder onboarding to card issuance and enables fintech firms and new age banks to issue cards in any marketplace
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The price monitoring and resource unit (PMRU) will function at the state level under the direct supervision of the state drug controller for increasing outreach of the NPPA
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The ex-gratia benefit will be routed through lending institutions, the Finance ministry said in a notification directed to banks and other lending institutions on Saturday.
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For consumer protection, the regulatory body has been streamlining practices and ensuring transparency in the system
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The company said that it has trained over 11,000 of its sales staff on a new range of consumer electronics products, launched ahead of the festive season as well as the exciting new finance schemes on offer.
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I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor
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The meeting of the AISAM (Air India Specific Alternative Mechanism), headed by Home Minister Amit Shah, will be conducted via video conferencing
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Billionaire Kumar Mangalam Birla's retail business will issue preference shares to Flipkart, giving it a 7.8 per cent stake, Aditya Birla Fashion said in a stock exchange filing
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Consumers can avail Kotak's festive season bonanza, the 2020 edition of 'Khushi Ka Season' with home loans and balance transfer loans starting at 6.9 per cent per annum, the bank said in a statement
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Most common types of cyberattacks faced by startups and SME's are ransomware, cryptojacking, phishing, password targeting attacks and advanced persistent threat (APT) attacks
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In the previous week ended October 9, 2020, the reserves had increased by $5.867 billion to reach $551.505 billion
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The development comes after WeWork India in June said it had raised $100 million funding from WeWork Global for sustainable growth of its business.
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"Inspired by geometrics and simplicity, FreeBuds Studio offers a stylish look and comfortable fit. It is not only a headphone, but also a smart assistant that allows consumers to experience a better digital audio world," the company said in a statement.
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"We have also envisioned an innovation centre which will provide facilities to budding innovators to translate their projects to reality", he said.
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The 'OPPO Watch' is powered by Google WearOS and comes with premium smartwatch features such as heart-rate monitoring and advanced health tracking.
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The company had a profit of Rs 1,123.9 crore in the same quarter a year ago, it said in a statement.
