AC prices likely to go up by 4-5% due to component shortages

As temperatures shoot up this month signalling an early onset of summer, sales of air conditioners (AC) are set to increase, with companies expected to hike the prices of ACs by 4-5 per cent due to......

Festival season fail to light up apparel sales, consumer durables shine

Sales of apparel were a mixed bag this festive season while those of consumer durables saw an uptick with mobiles, laptops, and air conditioners being in demand. Photograph: Shannon......

Wipro chairman Rishad Premji's compensation down 50% as profits fall

Rishad Premji, chairman of IT services major Wipro, saw his compensation for FY23 decline by almost 50 per cent year-on-year, due to a fall in the firm’s profit. Photograph: PTI Photo......

TVs, Laptops, Phones May Cost More

The reason? Price of open cell panels has gone up 15%.One of the main components in the manufacturing of TV sets, open cells contribute to 60%-65% of the manufacturing cost. IMAGE: Kindly note the......