News

Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc The India equity capital markets hit a record high and raised $49.2 billion in the first nine months this year (January-September period) -- a massive 115 per cent growth compared to a year ago -- surpassing the annual record set in 2020 by proceeds, a report showed on Thursday.  The number of equity capital market offerings also saw a 61 per cent increase year-on-year, according the report by LSEG, a global financial markets infrastructure and data provider. Initial public offerin...
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Indian equity capital markets raise record $49.2 bn in Jan-Sep period, IPOs jump 63 pc
Source: IANS
2024-10-03 09:47:17 am
Samsung, LG to unveil new AI-powered appliances at IFA 2024 South Korean tech giants Samsung Electronics and LG Electronics are planning to showcase various new artificial intelligence (AI)-powered home appliances at the IFA 2024 home electronics show in Berlin next month, industry sources said on Sunday.  Samsung will present a range of products, including the Bespoke AI Combo, an all-in-one washer-dryer; the Bespoke AI Family Hub, a premium refrigerator product; and the Bespoke AI Steam, a new robot vacuum cleaner product, reports Yonhap new...
Samsung, LG to unveil new AI-powered appliances at IFA 2024
Samsung, LG to unveil new AI-powered appliances at IFA 2024
Source: IANS
2024-08-25 10:51:33 am
LG targets over $725 million in sales from smart factory solutions by 2030 LG Electronics said on Thursday it aims to achieve over 1 trillion won ($725.2 million) in sales from its smart factory solution business by 2030, leveraging its artificial intelligence technologies and manufacturing expertise.  This year, the South Korean home appliance giant entered the smart factory solution market, offering technologies and services to transform traditional manufacturing facilities into automated and digitised smart factories. LG Electronics highlighted its ext...
LG targets over $725 million in sales from smart factory solutions by 2030
LG targets over $725 million in sales from smart factory solutions by 2030
Source: IANS
2024-07-18 10:06:00 am
LG Electronics adopts human rights principles LG Electronics, South Korea's leading consumer electronics maker, on Sunday said it has adopted human rights principles to avoid human rights violations within the company and its contracted companies.  The company, in a statement, said LG Electronics has integrated existing human rights-related rules and strengthened them in line with the United Nations Guiding Principles on Business and Human Rights (UNGPs), Yonhap news agency reported. The human rights principles ban discrim...
LG Electronics adopts human rights principles
LG Electronics adopts human rights principles
Source: IANS
2024-06-30 02:09:51 pm
Samsung, Hyundai Motor lead R&D spending despite lower earnings  Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed on Sunday.  The country's top 1,000 companies made investments of 72.5 trillion won ($52.12 billion) combined in 2023, up 8.7 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology. It was the larges...
Samsung, Hyundai Motor lead R&D spending despite lower earnings
Samsung, Hyundai Motor lead R&D spending despite lower earnings
Source: IANS
2024-06-23 05:45:33 pm
LG joins ChargePoint to expand EV charging infrastructure in US LG Electronics said on Wednesday it has partnered with ChargePoint, the leading supplier of charging solutions for electric vehicles in North America, to expand its EV charging business on a global basis.  Under the memorandum of understanding, LG Electronics will supply its advanced EV charging equipment to ChargePoint, while the US company will provide software for the operation of the charging stations, according to the Korean company. ChargePoint manages more than 306,000 activ...
LG joins ChargePoint to expand EV charging infrastructure in US
LG joins ChargePoint to expand EV charging infrastructure in US
Source: IANS
2024-06-19 11:39:51 am
LG Electronics to pay $65.2 million in dividends to shareholders LG Electronics said on Tuesday it will pay out 90 billion won ($65.2 million) in dividends to its shareholders for the first half as part of plans to increase shareholder value.  Shareholders will receive 500 won per share on June 30, according to the company in a filing. This dividend payout is part of LG Electronics' new shareholder return policy, which includes distributing dividends twice a year and increasing the dividend payout ratio to 25 per cent, reports Yonhap news ag...
LG Electronics to pay $65.2 million in dividends to shareholders
LG Electronics to pay $65.2 million in dividends to shareholders
Source: IANS
2024-06-18 09:44:39 am
LG Strengthens Position in Commercial HVAC Market With Its Efficient, Large-Capacity Chiller LG Electronics (LG) B2B heating, ventilation and air conditioning (HVAC) business is experiencing solid growth, propelled by strong sales of the company’s chillers designed for large buildings and commercial facilities. Leveraging LG’s differentiated core technologies, these solutions have seen an impressive surge in average annual sales with a nearly 40 percent increase over the past three yChillers, cooling systems that supply cool air to indoor spaces by circulating cold water ...
LG Strengthens Position in Commercial HVAC Market With Its Efficient, Large-Capacity Chiller
LG Strengthens Position in Commercial HVAC Market With Its Efficient, Large-Capacity Chiller
Source: PR Agency
2024-05-23 12:34:13 pm
LG Electronics india marks 27 years of innovation with unabeatable deals LG Electronics, a trusted name in Indian homes for 27 years, is celebrating its remarkable journey of 27 years with ‘Life’s Good Offer’. Known for its unwavering commitment to innovation and quality, LG is delighted to unveil a plethora of captivating offers on home appliances and entertainment products. The 27th anniversary campaign, titled "Life's Good Offer," reflects LG's unwavering commitment to exceeding customer expectations and making life e...
LG Electronics india marks 27 years of innovation with unabeatable deals
LG Electronics india marks 27 years of innovation with unabeatable deals
Source: PR Agency
2024-05-14 03:57:31 pm
LG raises $800 million bond for R&D & facility investments South Korea's tech giant LG Electronics said on Friday it has successfully raised $800 million in a dollar bond deal. The bonds, denominated in US dollars, were issued in two tranches: a three-year bond worth $500 million and a five-year sustainability bond totaling $300 million, according to LG Electronics. The interest rates for these bonds were set at 95 basis points and 110 basis points over the U.S. Treasury rates of the same maturity for the three-year and five-year tranches, ...
LG raises $800 million bond for R&D & facility investments
LG raises $800 million bond for R&D & facility investments
Source: IANS
2024-04-19 03:26:08 pm
LG Electronics reports 11 pc decline in Q1 profit as costs rise LG Electronics said on Friday that its operating profit for the first quarter of this year fell more than 10 per cent from a year earlier, due to rising costs and intensifying competition. Its first-quarter operating profit came to 1.33 trillion won ($984.9 million), down 11 per cent from 1.5 trillion won a year earlier, the company said in a regulatory filing. Sales increased 3.3 per cent on-year to 21.09 trillion won, marking the highest for any first-quarter results. The company did ...
LG Electronics reports 11 pc decline in Q1 profit as costs rise
LG Electronics reports 11 pc decline in Q1 profit as costs rise
Source: IANS
2024-04-05 10:51:41 am
LG Electronics launches MyView Smart Monitors New Delhi, 2nd April 2024 – LG Electronics India, a leading consumer durables brand in the country, recently launched its LG MyView Smart Monitor which is designed for home office and for entertainment. Watch favorite content effortlessly with various streaming apps, and set up a home office environment instantly, with a connected PC or PC-free. Featuring Full HD IPS displays (1920x1080), these monitors offer captivating visuals with heightened contrast and lifelike detail&nbs...
LG Electronics launches MyView Smart Monitors
LG Electronics launches MyView Smart Monitors
Source: PR Agency
2024-04-02 11:04:18 am
Samsung retains top spot in global TV market for 18 straight years Samsung Electronics said on Monday that it has retained its position as the top player in the global television market for the 18th consecutive year. The South Korean tech giant took up 30.1 percent of the world TV market in terms of revenue last year, remaining at the top since 2006, according to Samsung Electronics, citing the market research firm Omdia. Its flagship QLED TVs have contributed to the company's strong performance, with sales reaching 8.31 million units last year, re...
Samsung retains top spot in global TV market for 18 straight years
Samsung retains top spot in global TV market for 18 straight years
Source: IANS
2024-02-19 02:28:34 pm
LG opens 1st overseas EV charger plant in US LG Electronics has opened its first plant in the U.S. for electric vehicle (EV) charging stations, as part of its strategy to advance into the fast-growing EV charging solutions business. The factory based in Fort Worth, Texas, has an annual capacity of over 10,000 units, according to LG Electronics. LG said earlier its 11 kilowatt wall-mounted and stand-type slow chargers, and 175 kW fast-charging models will be available in the U.S. market in the first half of 2024, reports Yonhap new...
LG opens 1st overseas EV charger plant in US
LG opens 1st overseas EV charger plant in US
Source: IANS
2024-01-13 12:50:12 pm
LG unveils world`s 1st wireless transparent OLED TV at CES 2024 LG Electronics has unveiled a wireless transparent TV featuring an organic light-emitting diode (OLED) screen that looks as if it disappears when turned off. The LG Signature OLED T combines transparent OLED technology with wireless AV transmission and reception, allowing viewers to see beyond the screen and eliminating the need for visible wires around the screen, according to LG Electronics. It emphasised the TV's self-lit pixel technology, maintaining perfect picture quality with...
LG unveils world`s 1st wireless transparent OLED TV at CES 2024
LG unveils world`s 1st wireless transparent OLED TV at CES 2024
Source: IANS
2024-01-08 10:45:51 am
LG Electronics`operating profit jumps over 33% in Q3 LG Electronics said on Friday that its third-quarter operating profit jumped more than 33 per cent on brisk sales of new-platform services and automotive electronics, beating market expectations. The company said in a regulatory filing that operating income for the July-September period came to 996.7 billion won ($738.2 million) on a consolidated basis, up 33.5 percent from 746.6 billion won a year ago. The operating profit was 24.9 percent higher than the average estimate, according to...
LG Electronics`operating profit jumps over 33% in Q3
LG Electronics`operating profit jumps over 33% in Q3
Source: IANS
2023-10-27 05:15:09 pm
LG Display remains in red for 6th straight quarter LG Display reported sixth consecutive quarterly losses on Wednesday on sluggish demand stemming from a global economic slowdown, but the deficit decreased from the previous year and quarter.South Korea's major panel maker said in a regulatory filing that its operating loss reached $491.2 million for the July-September period on a consolidated basis, compared with a loss of 759.3 billion won a year ago.It logged a net loss of 775.4 billion won and revenue fell 29.3 percent on-year to 4.78 tril...
LG Display remains in red for 6th straight quarter
LG Display remains in red for 6th straight quarter
Source: IANS
2023-10-25 03:38:33 pm