Venugopal Dhoot, chairman and managing director of Videocon Industries says that the consumer durables market has been expanding and the industry is expected to grow 15% this month. “It appears that 75 bps cut in CRR might give some interest rate reduction and also money flow so that consumers will start buying on finance basis,” he says.
Venugopal Dhoot of Videocon has confirmed to CNBC TV18 that they will be filing a review petition in the Supreme Court by tomorrow. It is learnt that Harish Salve will be taking up the case.
Nivio continues to set the standard for cloud desktop performance. It has recently secured a USD 21 million investment from Videocon and AEC partners.
SP Tulsian of sptulsian.com spoke to CNBC-TV18 about stocks that were on the move intra-day. Check out his comments.
Royal Dutch Shell Plc has made an agreed 992.4 million pounds bid for Mozambique-focused Cove Energy. Venugopal Dhoot, chairman and managing director of Videocon says, the company doesn’t have any plan to sell this Mozambique asset at such a low price.
Videocon and AEC partners which is a US equity firm have decided to invest in the start-up Nivio. Nivio which has been around for 7 years is a cloud computing
Corporate India is hopeful that the industrial output will pick up ahead. According to them, global problems were weighing on the Indian economy. Since the global economy is improving now, they feel it will have spill over effect on India as well.
Telecom Minister Kapil Sibal today met Prime Minister Manmohan Singh shortly after the Supreme Court judgement that canncelled all 122 licences issued in January, 2008.
Experts tells CNBC-TV18 that the Supreme Court's verdict to cancel 2G licenses issued post January 2008 will shock coporate India and will have an adverse impact on innocent telcos as well.
The verdict on the multi-crore scam is out. The Supreme Court has cancelled all the 122 licenses issued on or post January 2008.
A two-judge bench of the Supreme Court is expected to pronounce its order on the petition seeking cancellation of as many as 122 telecom licenses issued in January 2008 by former telecom minister A Raja. The order is expected by Friday.
A two judge bench of the Supreme Court is expected to shortly pronounce its order on the petition seeking cancellation of as many as 122 telecom licenses issued in January 2008 by former telecom minister A Raja.
Aashish Tater, head of research at Fort Share Broking picked out his favorite stocks today on CNBC-TV18. He chose Linc Pens and Videocon as multibagger ideas for today. Check out his comments on the stocks.
In a major development, the telecom tribunal TDSAT today set aside all penalties imposed by the government on new telecom operators for delay in meeting roll out obligations of services.
Those who‘ve been annoyed over paying additional charges for SMS sent on special occasions like festivals, ...
While consumers enjoyed a pleasant summer in 2011, it was bad weather for the durables industry as a slump in air-conditioner sales compounded their woes in a year in which the sector had to struggle to cope with high input costs and a weakened rupee.
The October IIP numbers are negative all over, no what number you look at. However, talking to CNBC-TV18, industry veteran MM Miyajiwala and Venugopal Dhoot, CMD of Videocon both said that the scenario could now possibly change only January 2012 onwards.
Aiming to strengthen its position against Korean giants like LG and Samsung, domestic consumer durables firm Videocon will invest over Rs 100 crore next year in research and development and in enhancing manufacturing capacities.
Kamal Jain, group chief financial officer-India of Eros International Media tells CNBC-TV18 that they are expecting Ra.One to be one of the biggest blockbusters ever.
The consumer durables output growth slowed to 4.6% in August, compared to a growth of 8.1% in the previous year. Venugopal Dhoot, chairman and managing director of Videocon expects the consumer durables industry to go up from November onwards. Videocon has increased prices in the last two months, he added.
PG Electroplast may slip to Rs 400, says SP Tulsian of sptulsian.com.
Videocon has made a sizable oil and gas discovery in Brazil. Venugopal Dhoot, chairman and managing director expects the revenues of this field to begin from 2017. He told CNBC-TV18 in an interview that the profits would start coming in when the drilling begins.
The tablet industry is booming right now and especially here in India where newer and more affordable options are popping up out of the woodwork all the time.
Industrial output numbers for June has beaten street expectations coming in at 8.8%. However, the growth of 1.3% in consumer durables is very poor compared to 5.2% the last month.
Industrial growth has sharply fallen for the month of May. The Index of Industrial Production (IIP) has come in at 5.6% as compared to 6.3% on a month-on-month (MoM), much below expectations of 8.6%, according to a CNBC-TV18 poll.