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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Lloyd acquisition, which was supposed to catapult the electricals giant into the consumer durables segment, has missed expectations. But chairman Anil Rai Gupta has only just doubled down on the brand. Will the risk pay off?
Anil Rai Gupta had lived in dual shadows for years.
One was of his late father, the legendary Qimat Rai Gupta, a former electricals dealer who acquired Havells in the 1970s and turned it into an almost Rs 5,000 crore electrical goods maker by the time he died in 2014. The other was the expensive acquisition of Frankfurt-headquartered Sylvania in 2007, which went south for the company (more on that later).
Things were expected to change in 2017, when Havells bought Lloyd. It was hoped that acquiring one of India’s top three air conditioner brands would turn Havells into Anil …
The South Korean giant’s India IPO is finally happening. Here are the top five things you should know before investing.
A sharp focus on its core business (without too many distractions) has given the cable and wire maker a shot at the No. 1 spot, overtaking the electrical goods market leader.
The flourishing SEZ near Chennai is witnessing an activism surge as workers allege oppression in MNCs like Samsung and Flextronics.
