On the global front, LG plans to turn India into a key export hub. Its $600 million investment in the Sri City facility in Andhra Pradesh is geared towards scaling production not just for local consumption but also for overseas markets.
The valuation could dip to a dollar amount of between roughly $10.5 billion and $11.5 billion
This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India Ltd in October last year
More IPOs are on the horizon. LG Electronics is reportedly considering increasing the valuation of its India unit to as much as $15 billion, and Carlyle Group is said to be weighing an IPO of engineering services firm Quest Global.
The South Korean company is planning to start a formal roadshow for LG Electronics India IPO in the next two months and is targetting a listing in the first half of 2025, the report said.
LG Electronics' India public issue will enter the elite club of India's biggest IPOs, which include Hyundai Motor India, LIC, Paytm, and Coal India
India is an important market for the South Korean chaebol, where it sees a "big potential" as the economic situation is bright compared to other global markets with a growing population with more youths, he said.
Already, thanks to zooming demand, the retail price of air conditioners, refrigerators, packaged water and aerated drinks are up year-on-year.
The easy to move display features a movable stand, and support for both landscape and portrait orientations
LG's Tone Free FP9s make a strong case for the title of the best true wireless earbuds under Rs 20,000.
LG’s new OLED TVs will be available in select stores, starting with Croma, exclusively through their store in Juhu, Mumbai. LG’s Signature OLED R TV is priced at Rs 75,00,000 in India.
LG’s new appliance line-up included new refrigerators, washing machines, air conditioners, microwaves, and more.
The company unveiled a new lineup of home appliances on Thursday and said it is confident of retaining its market lead in categories such as refrigerator, washing machine, microwave oven and AC.
Electronics major LG India has moved to energy-efficient inverter air conditioner and expects 30 percent sales growth in the segment next fiscal.
"The first month (January 2016) was good. It is difficult to predict but we are aiming for 30 percent growth," LG Electronics India Corporate Marketing Head Niladri Datta told PTI in a recent interview.
Kim Ki-Wan, MD, LG India, says the industry environment needs simpler tax regime and the government should cut tax rates and weed out unnecessary litigation.
At present, above 40 inch panels account for about 40-59 per cent of LG's total TV sales in India. He further said that LG is also looking at maximising its line of OLED TV range.
In an important ruling in the case of Glaxo SmithKline Consumer Healthcare (“GSK Indiaâ€), the Chandigarh Bench of the Income Tax Appellate Tribunal (‘Tribunal‘) has laid out important principles in relation to transfer pricing adjustments on marketing intangibles following the guidelines laid down by the SB in the case of LG India.
An online retailer has put the LG Optimus G up for grabs at Rs 30,990, and is promising a delivery time of three days. That is an amazing price point for...
LG seems to be gettiing ready to launch a new smartphone in India. We have received press invitations to an event LG is hosting on February 27.
The much awaited Special Bench ruling on Transfer Pricing principles for marketing intangibles is here but with no clear winner! Payaswini Upadhyay gets into the details.
Slowing down of the economy and delay in real estate projects are among the reasons that have led to stagnation in the air conditioner market for the past few years, top officials of consumer durables manufacturer LG India said today.
Consumer electronics major LG India is working on clipping at 25 per cent uptick in turnover at Rs 6,000 crore from the television vertical in this calender year, with focus on the 3D segment.
Festive spirit is in the air and marketers seem to be the first ones to take a whiff.
Sahara and BCCI have kissed and made up, but the Indian Premier League (IPL) is still on a sticky wicket. First it lost Maxx Mobile as tournament sponsor and now, broadcast partner Set Max is still struggling to lock in sponsors and spot buyers, reports CNBC-TV18's Animesh Das.