Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Mirc Electronics, which sell consumer durable products under Onida brand, has reported 53 per cent fall in December quarter net profit at Rs 1.39 crore (Rs 2.94 crore), largely due to higher inventory of finished goods.
Revenue was up 22 per cent at Rs 161 crore compared to Rs 131 crore logged in the same period last year. Finished goods inventory increased to Rs 50 crore (Rs 15 crore). Vijay Mansukhani, Managing Director, Mirc Electronics, said there was a significant increase in sale of air conditioners and washing machines during the quarter though there was little bit of cost pressure.
“Our air conditioners business during the quarter has witnessed phenomenal growth of 108 per cent year-on-year basis. Washing machines volumes also grew by 30 per cent led by launch of new models,” he added. The company has appointed Sanjay Munshi as Additional Director and Whole Time Director with effect from February 12 and accepted the resignation of Shyamsunder Dhoot as the Whole Time Director of the company. Munshi has previously worked with LG Electronics India, Matsushita TV & Audio India and Videocon International in various capacities.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
The fund delivered a return of 31.5% in 2020 compared with the category’s 15.5%
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
Ensure that the investment thesis based on which you bought the IPO still holds good
Here are some yardstick for selecting auto component stocks
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
The storming of the Capitol on January 6 could be the prelude to yet another chapter in the US’s long and ...
‘Now It’s Come to Distances’ examines the defining moments of the past year — the Shaheen Bagh protests, ...
Legal and regulatory uncertainties hang like a sword on an industry which earned ₹2,470 crore revenues in the ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor