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Profit falls in first quarter for South Korea's LG Electronics

Profit fell in the first quarter for South Korean electronic appliances manufacturer LG Electronics Ltd, but revenues increased, the company said on Friday. The first-quarter operating profit has surpassed 1 trillion Korean won ($740 million) for the fifth consecutive year since 2020. Further, the company marked the highest first-quarter revenue in its history. Preliminary first-quarter operating profit was 1.33 trillion won and consolidated revenue was 21.09 trillion won. In the prior year&#x27...
South Korea South Korean Lg Electronics Ltd Lg Electronics
Source: yahoo.com

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What heat waves spell for India: Impact on RBI, biz, food & GDP

Weather experts warn of increasing heat waves in India, impacting daily life, business, and economy. With hotter temperatures forecasted, power demand is expected to rise, putting pressure on power generation and potentially leading to power cuts. Heat waves can also disrupt food production, impacting prices and rural demand, affecting GDP growth.
Andhra Pradesh Madan Sabnavis Kamal Nandi Teresa John Mrutyunjay Mohapatra Teamlease Services

Havells India: Unfazed by slow start, AC industry expects double-digit growth, over 11.5 mn unit sales this season, ET Retail

Havells India: Despite a slow start, the sale of air conditioners in India is expected to pick up with manufacturers aiming for double-digit growth to surpass 11.5 million units in 2025. Factors such as a scorching summer forecast, increased disposable income, and new technological advancements are likely to drive sales. Major players like Daikin, Panasonic, LG, Blue Star, Godrej, and Lloyd are optimistic about growth, with a focus on energy-efficient models and expanding markets in tier-III tow...
Kamal Nandi Yogesh Kumar Gupta India Metrological Department Lg Electronics Techsci Research Conditioners Group Abhishek Verma

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