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New Delhi: Panasonic has decided to stop selling refrigerators and washing machines in India. This marked a big shift in strategy for the market. While its other products will still be available, this move has surprised many and could impact jobs. Interestingly, the exit has turned into a win for rivals Whirlpool and Voltas, whose shares jumped after the news broke on June 26. Panasonic struggled to gain a strong foothold in India's refrigerator and washing machine market, as per a report by The Economic Times. That's why the company has decided to pull out of these two categories. A Panasonic spokesperson confirmed the move. They added that the company has also stopped production of these items at its Jhajjar factory in Haryana. However, the factory isn't shutting down -- it will continue making products for other brands through contract manufacturing. Focus Areas: Panasonic will now concentrate on faster-growing segments in India like: Support for Dealers: The company will assist its dealers in clearing out the remaining stock of refrigerators and washing machines. Customer Support Continues: Existing customers need not worry -- Panasonic will continue to offer warranty and service support for fridges and washing machines already sold. As part of its business restructuring in India, Panasonic will be letting go of several employees. The company has acknowledged that the decision is tough but says it's necessary for long-term growth. Panasonic has assured that it will support the affected workers during this transition. Despite the job cuts, the company will continue to sell TVs, air-conditioners, and other major products in India. Panasonic offers a wide range of products in the Indian market, both online and in physical stores. Its home appliance lineup includes air-conditioners, microwave ovens, water purifiers, mixer-grinders, electric cookers, and until recently, refrigerators and washing machines. In the entertainment segment, it sells TVs, headphones, cameras, and home-theatre systems. The company also offers personal care gadgets like electric shavers, hair dryers, and toothbrushes. In addition, Panasonic provides energy solutions such as solar panels, batteries, and inverters, along with car batteries and accessories. For businesses, it offers equipment like projectors, office phone systems, and security cameras.
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent stake in the company at present. Since it is an OFS, the company will not receive any proceeds from the IPO. In its draft papers ...Read More >
New Delhi [India], July 7 (ANI): Delhi Environment Minister Manjinder Singh Sirsa on Monday again took the 'Sheesh Mahal' jibe at AAP over the residence of former Delhi Chief Minister Arvind Kejriwal, saying it can only be turned into a five-star hotel. In an interview with ANI, Sirsa also slammed opposition parties for the 'Maya Mahal' jibe at the proposed cost of renovation of the house allocated to Delhi Chief Minister Rekha Gupta, saying she is living in a normal house and the expense of all the arrangements is around Rs 50 lakh. 'The Sheesh Mahal can only be turned into a 5-star hotel. ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
The Delhi-Mumbai Expressway's Wayside Amenity Stations, initiated by NHAI, are revolutionizing the travel experience for long-distance truck drivers. These driver-centric stations offer essential facilities such as rest areas, dining, and refueling, significantly enhancing comfort, safety, and convenience for India's highway heroes. The Delhi-Mumbai Expressway, one of the most ambitious infrastructure projects by the Ministry of Road Transport and Highways, is setting new standards in eco-sensit ...Read More >
New Delhi, Jun 28 (PTI) Panasonic is exiting from the refrigerator and washing machine segments in India, as part of global restructuring of business by the Japanese appliances and consumer electronics major. Both the refrigerator and washing machine segments were a loss-making businesses for Panasonic in India, where it was struggling to make a space in the market. Also Read | Bodoland Lottery Result Today, June 28, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. According to GFK numbers, Panasonic has a very low market share i ...Read More >
New Delhi, Jul 2 (PTI) The Public Works Department (PWD) will carry out upgradation work worth over Rs 59.40 lakh at Bungalow Number 1, Raj Niwas Marg, which has been allotted to Delhi Chief Minister Rekha Gupta, according to an order. The work will be taken up to fix electrical and civil work, and will involve the installation of 14 split air conditioners worth Rs 7.7 lakh, five LED TVs worth Rs 9.9 lakh, and 23 ceiling fans with a remote control costing Rs 1.8 lakh. Fourteen CCTV cameras worth Rs 5.74 lakh will be installed, and the residence will also have a UPS system for power backup. ...Read More >
New Delhi, Aug 4 (PTI) Adani Group on Monday said it is not exploring any tie-up with Chinese firms such as BYD for battery manufacturing and clean energy technology. In a stock exchange filing, Adani Enterprises Ltd, the group's flagship firm, said reports of a tie-up with Chinese companies BYD and Beijing WeLion New Energy Technology are incorrect. "The Adani Group is not exploring any form of collaboration with BYD for battery manufacturing in India," it said. "Similarly, we are not engaged in any discussions with Beijing WeLion New Energy Technology for a partnership of any kind." Report ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russian oil imports is way less than exaggerated media numbers," brokerage CLSA said in a report. While ...Read More >
New Delhi - Hero MotoCorp, the world's largest two-wheeler manufacturer, has unveiled its latest electric offering, the VIDA V2 series. This launch signifies a significant stride in the company's electric vehicle (EV) journey, promising to revolutionize sustainable urban mobility. A Trio of Electric Powerhouses The VIDA V2 series comprises three variants: Each variant boasts a sleek, modern design and is available in eye-catching colors like Matte Nexus Blue-Grey and Glossy Sports Red. Power and Performance Redefined The VIDA V2 comes equipped with IP-67-rated removable batteries in three ...Read More >
New Delhi: Three Indian citizens vanished mysteriously in Tehran. Darkness closed in as hope seemed lost. A ruthless Pakistani gang with potential links to ISI snatched them away, casting a shadow of fear. But relentless Indian diplomats refused to back down. Against all odds, a daring rescue mission ignited. Now, the captives are free, and a chilling game of espionage comes to light. The Punjab-based trio - Amritpal Singh from Hoshiarpur, Jaspal Singh from SBS Nagar and Hushnapreet Singh from Sangrur - had landed in Iran on May 1. Promised a clandestine route to Australia via Dubai and Tehra ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Bollywood actor Ayushmann Khurrana joins names such as Kamal Haasan, Ariana Grande, and Jeremy Strong at the Academy of Motion Picture Arts and Sciences this year. Ayushmann along with names such as Kamal Haasan Naomi Ackie, Gillian Anderson, Branford Marsalis, Conan O'Brien, Jimmy Kimmel, Stephen Graham, Jodie Comer and Jason Momoa are among 534 individuals who were invited to join the Academy of Motion Picture Arts & Sciences on June 26. "We are thrilled to invite this esteemed class of artists, technologists, and professionals to join the Academy," said Ac ...Read More >
GURUGRAM : Samsung, India's largest consumer electronics brand, today introduced its 2025 Bespoke AI appliance lineup, built on four distinct consumer benefits: Easy, Care, Save and Secure to enrich and simplify your lives with AI. These experiences are powered by Samsung's new AI Home screen interface, Bixby voice assistant with two-way natural communication, Samsung Knox security, and seamless SmartThings connectivity, delivering hyper-personalized, energy-efficient, and secure smart home solutions for modern Indian households. At the heart of the new lineup is the Bespoke AI Laundry Combo, ...Read More >
Bengaluru, June 27 (SocialNews.XYZ) Union Minister for New and Renewable Energy Pralhad Joshi on Friday said that Prime Minister Narendra Modi-led government is planning to roll out an additional Rs 5,400 crore as viability gap funding to support the setting up of 30 GWh of battery storage systems in the country. "This is over and above the Rs 3,700 crore already being given under the existing VGF scheme, through which 13.2 GWh of BESS projects are already being implemented," the minister explained. The minister was speaking at the inauguration of one of India's largest Battery Energy Storag ...Read More >
Walmart-owned e-commerce major Flipkart is leaning heavily into social video and livestreaming to attract young shoppers who are glued to their smartphones. The move reflects a broader strategy of the company to seek long-term customer loyalty by making online shopping more immersive and interactive. Online shopping with live commerce Using videos to display and promote products has become one of the company's key new strategies, Neha Agrahari, a director at Flipkart told Bloomberg News. "Users ...Read More >
New Delhi, July 8: OnePlus Nord 5 is launched in India with advanced specifications and features. The smartphone is equipped with a high-performance chipset and sleek design. Alongside the Nord 5, the company also launched the OnePlus Nord CE5 smartphone and the next-generation OnePlus Buds 4 earphones during the OnePlus Summer Launch Event. These new devices expand OnePlus' product lineup, offering users a wider range of choices in smartphones and audio accessories category. The OnePlus Nord 5 is available in three colour options, which include Marble Sands, Dry Ice, and Phantom Grey. The sm ...Read More >
New Delhi: Delhi govt has prepared a plan under which Delhi Transport Corporation (DTC) bus drivers and conductors will receive regular training, with a focus on ethical values, customer service and safe driving, transport minister Pankaj Singh said on Friday. The move is for improving the public image of DTC buses.The minister mentioned that DTC bus drivers who fail to halt at designated stops or are found speeding will face strict departmental action.Several commuters have complained about the behaviour of DTC bus drivers. There have alleged that the buses often fail to stop at the designate ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
New Delhi, Jan 22 (PTI) Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Also Read | Ladki Bahin Yojana January 2025 Instalment Date: When Will Women Beneficiaries Receive INR 1,500 in Maharashtra?. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent sta ...Read More >
New Delhi [India], June 5 (ANI): Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand. 'With the trust in dollar decreasing silver appears to be a good avenue for money to move to and the Gold Silver ratio was recently above 1.10 so the only way forward was either silver prices rise up or gold prices fall, and thats what has happened silver has risen far more than gold,' said Mrinesh Jain Director, Bombay Bullion Metal Hub LLP. ...Read More >
Hyderabad: OnePlus has launched the OnePlus Nord 5, OnePlus Nord CE5, and OnePlus Buds 4 in India. The Nord 5 comes equipped with a Snapdragon 8s Gen 3 chipset and a dual rear camera setup led by a 50MP Sony LYT-700 Main Sensor with OIS. Another highlight of the device is a 144Hz The Nord CE5 is a more affordable option and comes equipped with a MediaTek Dimensity 8350 Apex chipset and a 7,100 mAh battery that claims to last up to 2.5 days of usage on a single charge. The Buds 4, on the other hand, are a pair of true wireless stereo (TWS) earbuds, featuring 11mm woofers, 6mm tweeters, 3D Spati ...Read More >
New Delhi [India], July 19 (ANI): Seasoned pacer Mohammed Shami, who missed out on a place in India's squad for the England tour, has been named in Bengal's expanded list of 50 probables for the upcoming domestic season, according to ESPncricinfo. Shami could potentially be a part of the East Zone in the season-opening Duleep Trophy, which kicks off on August 28, which could mark his return to competitive cricket. The 34-year-old, who has 64 Tests, 108 ODIs and 25 T20Is appearances under his belt, hasn't featured for India since the Champions Trophy, which concluded in March earlier this year ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Mumbai: Omnichannel kidswear brand FirstCry's parent company, Brainbees Solutions, on Wednesday reported a consolidated net loss of Rs 66.5 crore for the first quarter (Q1) of FY26. This is 12 per cent lower than the Rs 75.6 crore loss recorded in the same quarter previous year (Q1 FY25), according to its stock exchange filing. On a sequential basis, the loss fell sharply by 41 per cent from Rs 111.5 crore in the previous March quarter (Q4 FY25). The company's operating revenue for the April-June quarter rose 13 per cent year-on-year (YoY) to Rs 1,862.6 crore, compared to Rs 1,652.1 crore a ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
Pune, Jul 19 (PTI) The Pune police investigating the theft at actor Sangeeta Bijlani's farmhouse in the Maval tehsil have recovered two fingerprints, officials said on Saturday. The farmhouse near the Pawna dam was broken into, and Rs 50,000 cash and a television set worth Rs 7,000 were allegedly stolen. The intruders also vandalised the house, according to the police. The theft and vandalism came to light when Bijlani visited the property in Tikona village on Friday, after a gap of four months. "A forensic team collected samples from the scene. Two fingerprints have been recovered and are ...Read More >
Mumbai (Maharashtra) [India], August 14: Medulla Communications Pvt. Ltd., one of the world's most awarded healthcare-specialist advertising agencies, has announced the launch of its new hub in Singapore. With over 15 years of experience in solving complex healthcare challenges, Medulla is now looking to create a super-specialist category as the first digital healthcare advertising agency in Asia. New Hub to Deliver Scalable, Specialist Healthcare Marketing Solutions Across APAC. Also Read | New Cheque Clearing System: Banks To Clear Cheques Within Few Hours Starting October 4, Announces RBI. ...Read More >
New Delhi [India], November 26: Elitas Appliances, a brand synonymous with quality and innovation in home appliances, has officially launched its product line in India. Known for combining cutting-edge technology with elegant design, Elitas seeks to establish itself as a key player in the consumer durables sector, providing Indian households with superior, eco-friendly products. Also Read | From Nana Patekar's 'The Attacks of 26/11' to Dev Patel's 'Hotel Mumbai', 5 Movies and Shows That Explored the Horrific 2008 Mumbai Attacks and Where To Watch Them Online. Elitas's range of home appliance ...Read More >
Chennai: Chennai's first batch of electric buses hit the roads on Monday, with 120 non-AC low-floor buses flagged off by chief minister M K Stalin from the newly upgraded Vyasarpadi depot.While these buses feature modern amenities like a kneeling mechanism for easier boarding by senior citizens, women, children, and persons with disabilities, they lack air-conditioning -- a feature now standard in cities like Delhi and Mumbai. The kneeling function lowers the floor by another 250 mm, making the bus accessible for all. The buses, built by OHM Global Mobility (a subsidiary of Ashok Leyland) at 2 ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) Chief Minister Rekha Gupta on Thursday launched a fleet of University Special electric buses at the Delhi University Sports Complex, North Campus, reviving a long-standing demand of students for safe and affordable transport. Speaking to reporters, CM Gupta said the initiative marks the return of a vital facility that had been neglected for years. "For decades, these U-special buses remained shut. Neither the previous AAP government nor the Congress took any steps to restart them. I am happy that under the BJP government, even in a short tenure, Delhi Unive ...Read More >