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Market move● Neutral for Indian equities
AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator
The brief
- AC prices are set to rise 5–8% from October 1
- Companies cited rising costs of copper, steel, aluminium and crude derivatives
- Higher prices may support margins, but cost pressures affect listed consumer-durables makers
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- Vedanta urges Odisha govt to accelerate ₹1 trillion investment proposals
- Arete 22 files draft papers for ₹440 crore IPO, entirely a fresh issue
- Bharat Aluminium Co Ltd
Planned price hikes for appliances
Consumer electronics and appliance makers plan to raise prices of ACs, TVs and other appliances by 5–8% from October 1. Companies cited higher costs for raw materials including copper, steel, aluminium and crude derivatives.
Sunday, 27 September
Saturday, 26 September
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator