It didn‘t take too long for Havells India Ltd to be back on the inorganic route. So what if the 2007 acquisition of Sylvania didn‘t work exactly as planned?
The US Department of Justice asked a federal court in July to stop Electrolux, which makes Frigidaire, Kenmore and Tappan appliances, from buying GE's appliance business and has said the deal would push prices up by five percent.
The number of investors pulling out of commodities has increased, with "aggressive" underweights to the sector hitting a record high, according to the Bank of American Merrill Lynch.
PE Electronics was set up in 2010 and has marketing rights of two brands, Philips in TV domain and Electrolux in the home appliances segment through a licensee agreement.
The companies are hammering out final terms of a deal and could announce their agreement as soon as next week.
There were impressive earnings results from many of the big US banks, as well as companies ranging from Arm Holdings and Philips and Electrolux to Syngenta of Switzerland.
Home-appliances maker Eureka Forbes said 'Harvard Business Review' has featured it as one of the six most successful sales and marketing companies in the world.
Fifty top executives of the world's leading corporations will meet in Mumbai on August 4 for a second round of discussions on the 'Future Global 100 Initiative', in the wake of the inaugural roundtable session held in Singapore on July 4, organisers said here today.
Rising raw materials costs and the chance of compensatory price rises will be in focus when appliances giants Whirlpool and Electrolux report on Wednesday.