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REC to launch FPO by February
The follow-on public issue of the power sector financier, Rural Electrification Corporation (REC), is likely to hit the market by February next year.

payday loans online
No fine for late delivery of flat if exact date is not assured: NCC
Real estate developers cannot be fined for late delivery of possession of a flat to an allottee if no specific date of its delivery is mentioned in the contract, the apex consumer body has held.

News of the day

Pruned hedges
Hedge funds: Hedge funds are back in the land of the living. After a dismal 2008, they had a strong first half. Of course, rising markets aided them. But it helps that because of losses, withdrawals and, above all, a huge reduction in leverage, they wield only about a quarter of the nearly $10 trillion firepower they used to put to work. So trades are less crowded – and more profitable.
Public Company

Whirlpool to focus on AC segment, launch new range by Feb

Home appliances manufacturer, Whirlpool India is looking to strengthen its position in the air-conditioner segment and plans to launch smart and affordable range of cooling solutions by February next year, a senior company official said. - Voltas: A cool cause - Whirlpool to focus on AC segment, launch new range by Feb - Bajaj Auto launches Pulsar 135 LS - TN launches Power Transmission Corporation - Bacardi launches Bacardi O, to focus on smaller cities - Bajaj Auto launches Pulsar 135 cc bike "Even though we are focussing on all categories of home appliances, our major thrust is on the air-conditioner segment. We plan to launch a few smart, affordable and intelligent range of cooling solutions called "Mastermind series" early next year," Whirlpool"s Vice-President (Marketing and Exports) Shahzad Akhtar told PTI here. A unique feature of this range (split air-conditioners) would be its efficiency in saving power and energy, he said, without divulging the pricing. At present, Whirlpool"s market share in the air-conditioner segment is 5-6 per cent. Besides, air-conditioner, Whirlpool, is also planning to introduce several new and innovative products such as clothes-dryers, air-treatment and water-treatment systems, Akhtar said. "We also plan to focus strongly on washing machines, in which we are a world leader," he said. Whirlpool, which on an average invests Rs 100-crore annually on launches, upgrading and innovations, is targeting a 30 per cent growth in volumes this fiscal, he said. The company would be investing Rs 300-crore in the next three-years, Akhtar said, adding that one-third of the products to be launched next year would be new.


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