LG Electronics India has received a show-cause notice seeking Rs 153.58 crore in customs duty over alleged non-inclusion of royalty payments in the assessable value of certain imports. The notice followed an investigation by the Directorate of Revenue Intelligence
LG Electronics India unveils the Essential Series, a new line of home appliances designed for Indian households. The series combines durability, thoughtful design, and performance, including refrigerators, washing machines, air conditioners, and convertible ovens tailored for local needs.
The company, a wholly-owned subsidiary of South Korean giant LG Electronics Inc., had filed its draft red herring prospectus (DRHP) with SEBI on December 6, 2024
Chairman and CEO Koo Kwang-mo of parent group, LG Corp, likely to visit India this month.The proposed Rs 15,000 cr public offering would position it alongside companies like LIC, Hyundai Motor, Paytm and Coal India in launching mega IPOs on the domestic benchmark indices
Besides, prices of TV panels (Opencell) have also gone up by over two-folds due to short supply by the global vendors, while cost of plastic has also gone up due to rise in crude oil prices, said manufacturers.
