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Voltas revives plans to make AC compressors in India

Tata-owned home appliance manufacturer, Voltas, plans to manufacture air-conditioner compressors in India with a partner from either Japan or Korea, after a previous proposal with Chinas Highly International was rejected by the government. The company has lined up investments of over Rs 1,300 crore for manufacturing, including expanding capacity and manufacturing newer home appliances.
West Bengal Tamil Nadu Pradeep Bakshi Voltas Beko Arcelik Group China Highly International

Bleak days ahead for IT firms as macro trends crimp spending; and other top, tech stories this week

Reluctance by clients to go for large spends on digital transformation over the past few quarters has taken a toll on big IT firms. Subdued macroeconomic trends have meant cutting down on discretionary spending and projects that do not immediately require investments.
United Kingdom New Delhi Abhishek Maheshwari Pranav Mukul Nithin Kamath Rainmatter Zerodha Rainmatter

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water heater: Voltas expands into water heaters to transform into an home appliance co

Voltas, typically a brand known for air conditioners has forayed into the water heater segment to further its transformation journey into becoming a home appliance manufacturer. The water heater segment has over the years witnessed a consistent growth of 10-12 per cent. Voltas MD and CEO finds that the sales in this segment has seen a surge with the on set of festive season.
Pradeep Bakshi Water Heater Voltas Water Home Appliance

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