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Panasonic India eyes 10% AC marketshare next fiscal: Official

Thursday, February 20, 2020, 5:53 PM

Consumer electronics major Panasonic India is looking to increase its marketshare in air conditioners segment to 10 per cent in the next fiscal from six per cent last year, a senior company official said on Thursday. Panasonic India announced the launch of its new range of connected air-conditioners. The estimated market size of room air-conditioners is about seven million units a year, he said.
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Future Lifestyle Fashions to raise over Rs 600cr from promoters, IFC

Thursday, February 20, 2020, 5:51 PM

Kishore Biyani-led Future Lifestyle Fashions on Thursday said its board has approved raising over Rs 610 crore from its promoters and IFC, which will be used for enhancing stake in subsidiaries and debt reduction. "The proposed fund raise from IFC and promoter entity, would be inter-alia utilised towards enhancing stake in subsidiaries and associates of FLFL and debt reduction," the company said.