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Monday
May 2019
4:37 PM IST
News Headlines
PM visits Gujarat, post grand electoral triumph        CBI summons ex-Kolkata police chief, asks him to appear before it on Monday        Irani''s aide shot dead in Amethi; FIR lodged against 5 persons        Former Thai PM Prem Tinsulanonda dies at 98        Trump downplays North Korea launches on Japan visit        Imran Khan speaks to PM Modi, expresses desire to work together: FO        Fifth-seeded Kerber stunned in French Open opening round        No need to press panic button yet, says Tendulkar after India''s loss to NZ in warm-up game        World Cup Munich: Chandela clinches gold in 10m air rifle        Twenty-four killed in Afghanistan floods        New Zealand beat India by six wickets in warm-up match        President appoints Modi as Prime Minister        Modi asks NDA MPs to work without discrimination, reach out to minorities        Day after BJP''s massive victory, all eyes now on govt formation        Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls        Surat: 19 students die as fire engulfs commercial complex        Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7        Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8        Nadal, Federer set up potential semifinal at Roland Garros        India, New Zealand seek tune-up in warm-up clash        
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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.


Sensex, Nifty hit record highs as early trends hint at NDA win
Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome
Chinese man guilty of defrauding Apple out of 1,500 iPhones
ILFS crisis: ED conducts fresh raids in Mumbai
Tata Motors shares fall 7 pc post quarterly results
Indices off record highs; Sensex trips 383 pts on profit-booking
Uber partners with ICC for Men''s cricket World Cup 2019
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
KERALA NEWS
Rahul elected from Wayanad LS seat
 Thiruvananthapuram: Congress president Rahul Gandhi was Thursday declared elected from the Wayanad L  
LS polls candidate attacked in Kerala
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
INTERNATIONAL NEWS
Former Thai PM Prem Tinsulanonda dies at 98
 Bangkok: Thailand''s former prime minister Prem Tinsulanonda died at the age of 98 on Sunday, accord
Trump downplays North Korea launches on Japan visit
Imran Khan speaks to PM Modi, expresses desire to work together: FO
Twenty-four killed in Afghanistan floods
NATIONAL NEWS
CBI summons ex-Kolkata police chief, asks him to appear before it on Monday
 New Delhi: The CBI has summoned former Kolkata police commissioner Rajeev Kumar, asking him to appea
Irani''s aide shot dead in Amethi; FIR lodged against 5 persons
President appoints Modi as Prime Minister
Day after BJP''s massive victory, all eyes now on govt formation
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