Sony unveils new flat TVs, aims to boost share
Sony unveiled eight new flat-screen TVs in a product push it hopes will help it secure 35% of local market in key month of Dec.
By Reuters | PTI, Tokyo
UPDATED ON AUG 19, 2004 05:48 PM IST
Electronics conglomerate Sony Corp unveiled eight new flat-screen televisions on Thursday in a product push it hopes will help it secure a leading 35 per cent of the domestic market in the key month of December.
Sony, which counts Matsushita Electric Industrial Co and Sharp Corp among its chief rivals in liquid crystal display (LCD) and plasma display (PDP) televisions, also expressed confidence that its TV division would recover.
"I'm certain there will be no problem with the profitability of our TVs this year," said Makoto Kogure, who oversees Sony's TV operations, which posted an 8.5 billion yen ($77.72 million) operating loss in the latest quarter ended June 30.
Kogure's comments came at a briefing where Sony took the wraps off a new line-up of flat TVs, including two in its premium "Qualia" series, which will go on sale domestically in November, and six "Wega" models that will hit stores in Japan next month.
The new TVs will be launched globally later this year and into 2005, Sony said.
RBI proposes stricter norms for non-banks
By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON JAN 23, 2021 07:39 AM IST
The regulator proposed to classify the shadow banks into four categories, depending on their systemic importance and potential risk to the stability of financial system stability.
Markets skid amid weak global cues
By Nasrin Sultana, Livemint, Mumbai
PUBLISHED ON JAN 23, 2021 07:37 AM IST
Stocks in the Asia-Pacific also traded lower, with Hong Kong’s Hang Seng falling 1.6%, China’s Shanghai Composite 0.4%, Japan’s Nikkei 0.44% and South Korea’s Kospi 0.64%.
CSR offences by firms now a ‘civil wrong’, not a crime
By Rajeev Jayaswal
PUBLISHED ON JAN 23, 2021 05:25 AM IST
In line with a commitment made by the finance minister, the government formally notified that non-compliance with CSR provisions would be a “civil wrong,” not a crime, and shifted such violations to a penalty regime, two officials said, requesting anonymity.
Intel tumbles after new CEO recommits to chip manufacturing
Bloomberg
PUBLISHED ON JAN 22, 2021 08:00 PM IST
- Keeping chip production in-house may be bad for Intel because its manufacturing technology has fallen behind Taiwan Semiconductor Manufacturing Co., which makes chips for many of Intel’s rivals. If the US company can’t catch up, its products will become less competitive, lose sales and market share.
Indigo Paints IPO garners robust response; subscribed 117 times on final day
PTI, New Delhi
PUBLISHED ON JAN 22, 2021 06:34 PM IST
The price band was fixed at ₹1,488-1,490 a share for the initial share-sale, which was open for public subscription during January 20-22.
India will be role model on how to vaccinate billion people at scale: Nilekani
PTI, New Delhi
PUBLISHED ON JAN 22, 2021 06:02 PM IST
Speaking at Redseer's Ground Zero 4.0 event, Nilekani spoke on how to build for scale in India that presents a massive opportunity with a booming internet penetration and rising adoption of digital services.
Govt has pledged strict foreign investment rules for e-commerce, says CAIT
Reuters, New Delhi
PUBLISHED ON JAN 22, 2021 05:34 PM IST
India's e-commerce retail market is seen growing to $200 billion a year by 2026, from $30 billion in 2019.
Iran starts ramping up oil production to pre-sanctions levels
Bloomberg, Tehran
PUBLISHED ON JAN 22, 2021 04:47 PM IST
- Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.
Elon Musk targets telecom for next disruption with Starlink internet
Bloomberg
PUBLISHED ON JAN 22, 2021 04:40 PM IST
SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services, and demand in China and India.
Sensex tanks 746 points; Nifty ends below 14,375
PTI, Mumbai
PUBLISHED ON JAN 22, 2021 04:15 PM IST
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance.
Google parent-company shutting Loon, balloon-based alternative to cell towers
Reuters
PUBLISHED ON JAN 22, 2021 04:01 PM IST
Loon aimed to bring connectivity to areas of the world where building cell towers are too expensive or treacherous.
How traditional finance management methods by women continue to be relevant now
By HT Brand Studio
PUBLISHED ON JAN 22, 2021 02:40 PM IST
As the role of women in shaping the finances of the household continues to evolve, it is important to know that the traditional investment tactics employed by women has also catalysed the remodeling of women’s relationship with finance because those methods continue to be relevant even today.
Airbus slows production ramp-up, cites virus hit to demand
Bloomberg
PUBLISHED ON JAN 22, 2021 02:36 PM IST
Output of the A320, its best-selling model, will now rise gradually to 45 per month through the fourth quarter, Airbus said in a statement.
Invest in mutual funds but steer clear of ‘Herd Mentality’!
By HT Brand Studio
PUBLISHED ON JAN 22, 2021 02:30 PM IST
‘Herd mentality’ impacts not only the investors, who do not have the educational background or interest, but even many educated people who get impacted from the one-way wave.
Bajaj Finance can absorb a surge in provisions, says S&P Global Ratings
ANI, Singapore
PUBLISHED ON JAN 22, 2021 01:29 PM IST
BFL's performance in the third quarter of fiscal 2021 (ending March 31, 2021) was broadly in line with expectations.