25
Sunday
August 2019
5:49 AM IST
News Headlines
Former Finance Minister Arun Jaitley passes away        I find nets claustrophobic, prefer centre wicket for match simulation: Kohli        Rahane's 81 only saving grace in India 203 for 6 on day 1        No more dessert names, Google to officially call new OS 'Android 10'        Sensex, Nifty rebound on hopes of FPI tax rollback        Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi        Two Govt hospitals in Pak deny specialised ambulance facility to Sharif        UN, France raise concern over Amazon wildfires 'crisis'        INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter        Always said demonising Modi wrong: Singhvi        Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion        FM proposes measures to enhance fund flows for infra, housing projs        FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials        Vivek Oberoi to star in film on Balakot air strikes        It's better to get hit early and hard: Kohli on bouncers        Messi 'made me better player', says Ronaldo        Nirav Modi to appear via videolink for remand hearing in UK        Rupee slips 17 paise to 71.72 vs USD in early trade        US seeking balancing act in South Asia over Kashmir: Report        Pro-growth RBI minutes to cap yields; revives expectations for further policy easing        
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Business News
Blue Star launches 75 models in AC range, eyes 13.5 pc market share in FY20
 
Chandigarh: Celebrating platinum jubilee year of its operations, Air conditioning and commercial refrigeration major Blue Star Limited on Wednesday announced to launch 75 new models of room air conditioners including a 7-star integrated air purifier technology air conditioners and also to foray into room coolers segment with wide range of its products.

Speaking on the occasion, C P Mukundan Menon, President, Sales and Marketing Products Business, said that the super and stylish models of 3 to 5 star AC also include super energy efficient inverter ACs capable of delivering 30 per cent extra cooling room air about 18 per cent less power consumption thus, setting a new benchmark on the energy efficiency front. All these ACs come with heavy duty Compressor with ten years warranty.

He said the company has also launched 7-star inverter ACs range with integrated air purifier, anti bacterial & PM 2.5 thus, no need to buy costly air purifier for household separately and would come with more innovative air conditioning and refrigeration products in coming years. He also shared the company''s investment plans of about Rs 55 crores in the forthcoming summer as against Rs 45 crores in FY19 on publicity campaign.

"Around 14 crore ACs unit are sold every year globally and out of these eight crores are sold in China. In India the penetration level is very minimal and stands at around 55 lakh units with overall market size of about Rs 11,500 crore thus, having a lot of potential of growth in segment. The domestic market is growing roughly at 10 per cent whereas blue star eyes 15 per cent growth and 13.5 per cent market share in FY20 as against 12.8 per cent in FY19", Mr Menon said.

The company had sales turnover of about Rs 4,600 crore turnover in FY18 in which includes earnings of about five per cent from exports to 17 countries. "We eye to double the exports to ten per cent in next three years," Mr Menon added.


No more dessert names, Google to officially call new OS 'Android 10'
Sensex, Nifty rebound on hopes of FPI tax rollback
Nirav Modi to appear via videolink for remand hearing in UK
Rupee slips 17 paise to 71.72 vs USD in early trade
SBI plans to establish nearly 10 lakh YONO Cash Points
Sensex tumbles 268 pts; Tata Motors tanks 9 pc
Huawei dismisses new suspension of 'unjust' US ban
Rupee hits fresh 6-mth low of 71.71; dives 28 paise
China lost 20 lakhs jobs in short period of time: Trump
Rupee plunges to over 6-mth low of 71.43; skids 29 paise
Ready to help J&K hold investment summit in Mumbai: Fadnavis
Credit demand subdued, economy needs stimulus: SBI Chairman
Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
KERALA NEWS
Malayalam actor, film crew stranded in Himachal village
 Thiruvananthapuram: A 30-member film crew from Kerala, including award-winning actress Manju Warrier  
Ex-Deputy Commandant of AR camp held in connection with constable's death
"More flights to Kerala from Gulf countries during Onam"
Flood in Kerala: CM conducts aerial survey
INTERNATIONAL NEWS
Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi
 Islamabad: Pakistan on Friday said that despite tensions with India, it stands ready to open the Kar
Two Govt hospitals in Pak deny specialised ambulance facility to Sharif
UN, France raise concern over Amazon wildfires 'crisis'
US seeking balancing act in South Asia over Kashmir: Report
NATIONAL NEWS
INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter
 New Delhi: Congress leader and former union finance minister P Chidambaram was on Friday granted pro
Always said demonising Modi wrong: Singhvi
Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion
FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials
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