Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Air conditioning and <keyword id="17833175" type="General" weightage="20" keywordseo="engineering-services" botkeyword="" source="Denny">engineering services</keyword> provider <keyword id="21567326" type="General" weightage="20" keywordseo="Voltas-Ltd" botkeyword="" source="Denny" meta.keywordsubtype="org" meta.entityname="Voltas Ltd" meta.hostid="153" meta.entityid="Voltas Ltd">Voltas Ltd</keyword> on Tuesday reported a 22.75 per cent decline in <keyword id="20203162" type="General" weightage="20" keywordseo="consolidated" botkeyword="" source="Denny">consolidated</keyword> <keyword id="17985868" type="General" weightage="20" keywordseo="net-profit" botkeyword="" source="Denny">net profit</keyword> to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher <keyword id="18067946" type="General" weightage="20" keywordseo="expenses" botkeyword="" source="Denny">expenses</keyword>. The company had posted a consolidated net profit of Rs 143.23 crore in the same period previous fiscal, <keyword id="6354999" type="DOMAIN" weightage="20" keywordseo="voltas" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="voltas" meta.entityname="Voltas Ltd." meta.entityid="12815" meta.seoname="voltas-ltd">Voltas</keyword> said in a regulatory filing. Consolidated <keyword id="17915033" type="General" weightage="20" keywordseo="revenue" botkeyword="" source="Denny">revenue</keyword> from operations during the quarter under review stood at Rs 4,202.88 crore as against Rs 2,956.8 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 4,044.90 crore compared to Rs 2,761.45 crore in the corresponding period a year ago. In the fourth quarter the unitary cooling products business segment revenue grew by 44 per cent to Rs 2,955 crore as compared to Rs 2,049 crore in the corresponding quarter of the previous year on account of a better product mix enhancement approach, the company said. The engineering products and services division clocked revenue of Rs 156 crore as compared to Rs 142 crore in the year-ago period, it added. Similarly, electro-mechanical <keyword id="18084086" type="General" weightage="20" keywordseo="projects" botkeyword="" source="Denny">projects</keyword> and services segment comprising both domestic and international projects businesses grew by 38 per cent year-an-year due to a healthy carry forward order book position, it added. <keyword id="21544478" type="General" weightage="20" keywordseo="Voltas" botkeyword="" source="Denny">Voltas</keyword> said for the fiscal ended March 31, 2024, consolidated net profit was higher at Rs 248.11 crore as compared to Rs 136.22 crore in the previous year. Consolidated revenue from operations in FY24 was at Rs 12,481.21 crore as against Rs 9,498.77 crore in FY23. The company said it achieved the milestone of 20 lakh <keyword id="21211630" type="General" weightage="20" keywordseo="AC-sales" botkeyword="" source="Denny">AC sales</keyword> in 2023-24. Voltas said its board of directors has recommended a <keyword id="18713200" type="General" weightage="20" keywordseo="dividend" botkeyword="" source="Denny">dividend</keyword> of Rs 5 per share of the face value of Re 1 per share for the year 2023-24 subject to the approval of shareholders of the company. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/aadhar-housing-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/109919298.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/aadhar-housing-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/109919298.cms" target="_blank">Aadhar Housing Finance IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/top-selling-cars-in-india-in-april-2024-tata-punch-continues-to-dominate/slidelist/109909744.cms" target="_blank">Top-selling cars in India in April 2024 – Tata Punch continues to dominate</a><a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-in-q1-2024-after-two-years-of-decline/articleshow/109876390.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/worldwide-tablet-shipments-grow-in-q1-2024-after-two-years-of-decline/articleshow/109876390.cms" target="_blank">Worldwide tablet shipments grow in Q1 2024 after two years of decline</a>

Voltas net profit declines 22% YoY to ₹110.64 crore in Q4 FY24

Top rated 1.5 ton air conditioners in India 2024

<ul class="summary-list"><li>Global shares wavered as investors mulled the chances of a supersized rate hike from the Federal Reserve.</li><li>Consumer spending data later could give a read on how resilient economic activity is.</li></ul>Global shares sagged on Friday, weighed down by the prospect that the Federal Reserve could raise rates by the most in over 30 years to counter surging <keyword id="11894140" type="UNKNOWN" weightage="60" keywordseo="inflation" source="Orion">inflation</keyword>, while a downbeat read of the Chinese economy and gloomy earnings added to the pressure on investor sentiment.<keyword id="11893878" type="UNKNOWN" weightage="60" keywordseo="stocks" source="Orion">Stocks</keyword> have been battered this week by mounting evidence that inflation could damage global growth, prompting central banks to deliver supersized rate hikes to quell price pressures. China's zero-COVID policy, which has added to the pessimism, led to annual economic growth of just 0.4% year-on-year in the second quarter of this year, missing market expectations for a rise of 1.0%, and down from 4.8% growth in the first quarter.<a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures">S&amp;P 500</a>, <a href="https://markets.businessinsider.com/fuures/dow-futures">Dow Jones</a> and <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures">Nasdaq 100</a> futures edged up around 0.2% in European trading, while the <a href="https://markets.businessinsider.com/index/stoxx_europe_600">MSCI All World Index</a> eased 0.1%, heading for a 3.2% fall this week. In Europe, the <keyword id="12489913" type="UNKNOWN" weightage="60" keywordseo="stoxx-600" source="Orion">Stoxx 600</keyword> traded up 0.85%, but was on course to post a 7% drop on the week, while the <a href="https://www.cnbc.com/quotes/.MIAPJ0000PUS">MSCI Asia ex-Japan index</a> fell 0.9%, weighed down by losses in Chinese blue chips after Friday's dismal GDP figures.The <a href="https://markets.businessinsider.com/index/us-dollar-index">dollar</a>, which has hit new 20-year highs against a basket of major currencies this month, was set for its third consecutive weekly gain, fueled by a mixture of safe-haven buying as investors fret about the prospect of recession and an expectation for juicier returns on US assets as the Fed ramps up rates.In earnings, JPMorgan and Morgan Stanley kicked off results season on a glum note. Both banks missed estimates for the first time since 2020 in a sign the bumper gains from pandemic-era market activity may be drying up, and the drag of a strong <keyword id="11931694" type="UNKNOWN" weightage="60" keywordseo="dollar" source="Orion">dollar</keyword> is making itself felt."Even though the US is a more domestic focused economy and stock market, the costs of dollar strength are clear. S&amp;P 500 index earnings are being cut around 5% by current dollar strength, led by the hard-hit tech sector which generates over 60% of its sales abroad," Ben Laidler, eToro global <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> strategist, said.Wells Fargo and Citigroup report on Friday, while Bank of America and Goldman Sachs are due next week.Data on Friday will offer a key litmus test of how the consumer is holding up in an environment where inflation is running at 41-year highs and mortgage rates have soared to their highest since 2008. Retail sales data for June is expected to show consumer spending rose by 0.9%, a reversal from May's 0.3% contraction, according to data from Bloomberg, while a read on sentiment is expected to show consumer confidence hitting another record low in early July. With inflation running at 9.1%, investors are attaching a growing chance that the Fed could raise rates by as much as a full percentage point when it meets later this month — something that hasn't happened since late 1989. Interest rate futures show a near-50% chance of such an increase, a possibility that was negligible prior to Wednesday's consumer inflation reading for June."Just as the June UMich consumer inflation survey spooked the Fed into a 75bps hike last month, traders are betting that yesterday's 9.1% CPI print will spook the Fed into another, even more supersized hike this month. Right now, that seems like a decent bet," Michael Brown, chief strategist at Caxton FX, said.Meanwhile, oil hovered below $100 a barrel, having lost 7.6% in value this week, in its fifth straight weekly decline — its longest losing streak this year. <a href="https://markets.businessinsider.com/commodities/oil-price">Brent crude futures</a> were last down 0.2% at $99.16 a barrel, while <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">WTI crude</a> was down 0.3% at $95.47 a barrel. Read more: <a href="https://www.businessinsider.com/bitcoin-price-at-critical-juncture-as-celsius-files-for-bankruptcy-2022-7?r=US&amp;IR=T">As Celsius files for bankruptcy and the Three Arrows unwind begins, bitcoin and the whole crypto market is at a critical juncture. 2 experts weigh-in on what's next - and reveal a key chart to watch for clues.</a>

Global shares struggle as investors weigh up chances of a mega Fed rate hike and downbeat earnings

<ul><li>The 30-share BSE index Sensex was up 0.17%, and the NSE Nifty was trading 18.45 points higher at 9:55 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices opened higher on Tuesday, tracking gains in index majors Infosys, HDFC Bank and TCS, despite weak cues from global markets. The 30-share BSE index Sensex was up 0.17%, and the NSE Nifty was trading 18.45 points higher at 9:55 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Britannia </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IOC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech M </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td></tr></tbody></table>*as of October 20, 09:50 am These are the top stocks in news today. Britannia shares dip 5% The shares of biscuit major dipped 5% after it reported a sequentially lower profit growth compared to the last quarter. It is worthy to note that the profit was comparatively 23% higher than what it reported during the same quarter last year. However, the drop in volume growth has kept investors jittery. ACC opens 3% higher The shares of ACC opened 3% after the company posted a 20.25% increase in consolidated net profit to ₹363.85 crore for the third quarter ended September 30. The brokerages also reiterated their ratings to ‘Buy’, with Motilal Oswal raising their target price at ₹1805 and Nirmal Bang with a revised target of ₹1772. Larsen &amp; Toubro up over 3% The shares of construction and engineering company Larsen &amp; Toubro were trading over 3% higher after <a href="https://www.business-standard.com/article/companies/l-t-set-to-win-one-of-the-largest-civil-works-tender-for-bullet-train-120102000021_1.html">reports</a> emerged that it is set to win one of the largest infrastructure tenders for the alignment of the Mumbai-Ahmedabad High-Speed Rail corridor. Wipro gains over a percent The shares of IT major were up over 1% after it announced that it had won a five-year Application Management (AMS) and Services Integration &amp; Management (SIAM) <a href="https://www.businessinsider.in/business/corporates/news/wipro-wins-five-year-contract-with-europes-third-largest-producer-of-clean-electricity/articleshow/78761079.cms">contract </a>from one of the leading clean-energy companies, Fortum, which is headquartered in Espoo, Finland. HDFC Life up over 1% The shares of life insurance provider, HDFC Life were trading over 1% higher after the company reported a 6.1% increase in consolidated net profit to ₹327.83 crore for the quarter ended September 30. The total income of the company saw a stellar 90% rise to ₹16,426.03 crore. Amber Enterprises pares gains After two days of bull run, Amber Enterprises pared the early gains. The share price was trading 4% lower today at 10:00 am. Amber’s shares have surged nearly 25% in the past two days after the government banned import of AC’s to boost local manufacturing. SEE ALSO: <a href="https://www.businessinsider.in/policy/foreign-policy/news/trump-versus-biden-what-the-result-of-us-election-could-mean-for-india/articleshow/78750339.cms" data-type="tilCustomLink" style="">EXCLUSIVE: Trump versus Biden — Here’s what the result of the US election could mean for India</a> <a href="https://www.businessinsider.in/business/auto/news/exclusive-why-tata-motors-ceo-is-not-worried-about-musks-tesla-coming-to-india/articleshow/78749755.cms" data-type="tilCustomLink">EXCLUSIVE: Why Tata Motors CEO is not worried about Musk's Tesla coming to India</a> <a href="https://www.businessinsider.in/business/startups/news/byjus-renewal-rates-stand-at-86-the-founder-of-the-11-billion-edtech-startup-shares-how-they-cracked-the-code-for-repeat-subscriptions/articleshow/78749254.cms" data-type="tilCustomLink">EXCLUSIVE: BYJU’S renewal rates stand at 86% – the founder of the $11 billion edtech startup shares how they cracked the code for repeat subscriptions</a>

Top stock movers — ACC, Britannia, Amber Enterprises, HCL Tech, Wipro, L&T and others

<ul><li>According to a report by BNP Paribas, 8% Indian households had an ACs in fiscal year 2020.</li><li>The cost of ACs and the energy they consume is the main reason why ACs are considered luxury items.</li><li>The increase in commodity inflation and high competition has been limiting the <keyword id="13221674" type="General" weightage="20" keywordseo="ac-companies" source="Orion">AC companies</keyword>’ ability to increase their margins.</li></ul>The business of selling air conditioners has still not reached its full potential as it continues to be a luxury item for most Indian households. Even though several large brands like Voltas, LG, Daikin, Hitachi, Blue Star and Lloyd have been selling ACs for the past five to seven decades, they have still not been able to enjoy higher margins from this about-to-boom segment. This year however may be a good one. The demand for air conditioners is expected to increase due to scorching heat across several parts of India, according to a report by international financial services company BNP Paribas. The mercury has crossed 45 degree celsius in several places and<a href="https://www.businessinsider.in/science/environment/news/what-happens-to-the-human-body-when-the-temperature-reaches-50-degree-celsius/articleshow/91589906.cms"> touched 49 degrees in Delhi</a>, so people have been rushing to buy ACs in order to keep themselves cool. “We estimate the Indian AC industry market size at ₹180 billion (₹18,000 crore) with a potential CAGR [compound annual growth rate] of 15% over FY21-25,” the report said. BNP Paribas noted that 8% of Indian households had an AC in 2020, with 7 million units being sold in the same year. This is quite low when compared with the fact that four in ten — or 42% — households across the world have an AC. <div type="image" title="Heatwave has turned ACs from a luxury to a necessity — but margins remain muted for the players" msid="91655539" hostid="261"></div> The cost of ACs and the energy they consume is the main reason why ACs are considered a luxury item — making it unaffordable for many Indian households. The increase in commodity prices is hurting the manufacturers even further. <cmsannotation type="cmsannotation" annotationid="High competition is limiting ACs companies in India" comment="subhead" text="High competition is limiting ACs companies in India">High competition is limiting ACs companies in India</cmsannotation> Covid-19, the resultant lockdown and the Russia-Ukraine conflict that followed have had a major impact on commodity prices. Even a bag of detergent now costs <a href="https://economictimes.indiatimes.com/news/economy/indicators/how-a-detergent-could-have-helped-rbi-act-swiftly-on-inflation/articleshow/91587940.cms">20% more </a>than last year, but FMCG companies have the option of increasing the price of their products and passing it on to the customers. <div type="image" title="Heatwave has turned ACs from a luxury to a necessity — but margins remain muted for the players" msid="91655586" hostid="261"></div> However, the same price increase has not been possible in the whitegoods space like ACs, refrigerators or washing machines because they are already expensive compared to other fans or coolers, and competition in the industry is extremely high. “Moreover, the Indian whitegoods industry is highly competitive, given the presence of large MNCs like Samsung, LG, Whirlpool, Haier, Daikin, Hitachi, etc. as well as strong Indian brands like Voltas, Lloyd (Havells brand), Blue Star, IFB to name a few. Such high competitive intensity also limits the ability to hike prices,” BNP Paribas said in its latest report. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change in gross margins (bps) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2018 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2019 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2020 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Blue Star </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(361) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(62) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(177) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Voltas </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(110) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(255) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">133 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(129) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Whirlpool </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(344) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(46) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">161 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(255) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Johnson Controls-Hitachi Air </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(10) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(70) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">94 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IFB Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">178 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(247) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">187 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">74 </td></tr></tbody></table>Source: BNP Paribas, Company Data Note: BPS stands for Basis Points, which is a unit of measure to describe the percentage change in value. The top six companies in the whitegoods space include Voltas, LG, Daikin, Hitachi, Blue Star and Lloyd, which cumulatively controlled 70-75% of the market share by volume in the fiscal year 2020. “Over the long run, we expect the market to consolidate in favour of the top 4-5 companies,” BNP Paribas noted, citing the Production Linked Incentive Scheme (PLI) as one of the major reasons for this expected consolidation. <cmsannotation type="cmsannotation" annotationid="High price is not the only thing muting demand" comment="subhead" text="High price is not the only thing muting demand">High price is not the only thing muting demand</cmsannotation> The industry size of air conditioners in India is almost double that of fans, which have made a mark on 80% households in India, but still the margins continue to be low on this white commodity. One of the main reasons is that AC is a seasonal item and has higher inventory costs due to the volume of the product. <div type="image" title="Heatwave has turned ACs from a luxury to a necessity — but margins remain muted for the players" msid="91655604" hostid="261"></div> Secondly, the market has been affected since 2016 due to the disruptions such as demonetisation and introduction of goods and services tax (GST). The Covid-19 wave, which compelled people to stay at home for almost two years, also hindered the demand. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/itc-aditya-birla-fashion-lic-housing-finance-among-stocks-to-watch-out-for-on-may-19/slidelist/91653552.cms">ITC, Aditya Birla Fashion, LIC Housing Finance among stocks to watch out for on May 19</a> <a href="https://www.businessinsider.in/stock-market/news/delhivery-ipo-heres-how-you-can-check-the-allotment-status/articleshow/91650014.cms">Delhivery IPO: Here’s how you can check the allotment status</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-vs-bharti-airtel-four-charts-to-showcase-how-indian-telecom-giants-faired-in-2022/slidelist/91640306.cms" data-type="tilCustomLink">Reliance Jio Vs Bharti Airtel — Four Charts That Showcase How The Indian Telecom Giants Faired In 2022 </a>

Heatwave has turned ACs from a luxury to a necessity — but margins remain muted for the players

<ul><li>The <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> has proposed 15% capital adequacy as a benchmark and LIC Housing Finance is short of that.</li><li>The new restrictions proposed by the regulator will also limit the amount of dividend paid by other non-banking finance companies.</li><li>Check out the latest news and updates on <a href="https://www.businessinsider.in/" data-type="tilCustomLink" target="_blank">Business Insider</a>. </li></ul>The Reserve Bank of India issued a draft circular that proposed restrictions on non-banking finance companies declaring dividends. And, according to analysis by Emkay, only two companies, LIC Housing Finance and M&amp;M Financial Services, in that space do not meet the conditions, under current circumstances, for paying dividends set by the central bank. However, M&amp;M Finance has clarified that it would be eligible. Not surprisingly, it took a toll on the two stocks. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Losses on Dec 10 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LIC Housing Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.11% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra and Mahindra Financial Services </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.35% </td></tr></tbody></table> The RBI has proposed a capital to risk weighted assets ratio (CRAR) of 15%. Simply put, CRAR is a measure of how much capital the company has compared to the riskiness of its loans. If the borrower fails to repay, the capital would be the cushion to absorb the loss. And LIC Housing Finance fails to meet the RBI threshold on this count. The capital adequacy ratio has been 14.4%% for the company in the last two financial years and 14.5% for the first half of the current one, the report said. The way out of this is that the company can raise money from the market to boost this figure past the 15% mark, and then, shareholders can expect a dividend. M&amp;M Financial, on the other hand, doesn’t make the cut on RBI’s benchmark for paying dividend because the amount of bad loans on its books is a little more than what the regulator likes. The circular has set the threshold at 4% while M&amp;M Financial has a net NPA (non-performing assets) of 4.7%. However, if the firm is able to recover enough loans by March 2021 to bring the metric below 4%, dividend may be back on the table. In the year before COVID-struck, the one ending in March 2019, the company paid a handsome 25.7% dividend to shareholders. On the other hand, in a statement to Business Insider, M&amp;M Financial stated “As per the circular, RBI has proposed a twin matrix of CRAR and NNPA and accordingly specified 4 categories based on a combination of both. CRAR of MMFSL has been above 18% for the last 3 years. Hence, the company will fall in Category B as per the matrix. Secondly, MMFSL’s net NPA at the end of September 30 was 4.7%, based on which our permissible dividend payout ratio is ‘up to 20%’,” the company said. This is not the first time the spotlight has fallen on M&amp;M Finance’s chunk of bad loans. The pandemic has only increased the risk of defaults and therefore the company too has been aggressively setting aside money to cover the losses if they occur. “As we progress, the next six months, which is normally the good six months, we would not see a decline in the gross NPA, and we will maintain our stance on aggressive provisions… if we start seeing things are not improving as we think, then we may take higher provision, whichever is necessary,” Vice Chairman and Managing Director Ramesh Iyer told Business Insider <a href="https://www.businessinsider.in/stock-market/news/mahindra-and-mahindra-finance-managing-director-gets-candid-about-the-rights-issue/articleshow/77212386.cms" data-type="tilCustomLink" target="_blank">in an exclusive chat in July 2020</a>. Here’s an excerpt of that interview: <div type="Youtube" id="Qu9KvcNr1iM" title="M&amp;M Financial MD explains how the company is preparing for the worst and hoping for the best" thumbUrl="https://i.ytimg.com/vi/Qu9KvcNr1iM/mqdefault.jpg"></div> For other NBFCs that are eligible to pay dividend, there may be a cap on how much they can dole out based on the benchmarks set by the RBI. These are the likely limits on dividends given the current financial health of the following firms. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dividend limit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 45% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cholamandalam Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 30% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 45% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T Finance Holdings </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 25 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Magma Fincorp </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shriram City Union Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shriram Transport Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to 25% </td></tr></tbody></table>Source: Emkay SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/the-33-billion-itc-one-of-indias-most-trolled-stock-in-recent-weeks-seems-to-have-turned-a-corner/articleshow/79641456.cms">The $33 billion ITC, one of India’s most-trolled stock in recent weeks, seems to have turned a corner</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/the-33-billion-itc-one-of-indias-most-trolled-stock-in-recent-weeks-seems-to-have-turned-a-corner/articleshow/79641456.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/icertis-helps-google-microsoft-and-apple-manage-their-contracts-is-hiring-for-techies-and-people-in-sales/articleshow/79640659.cms">EXCLUSIVE: This Indian unicorn helping Google, Microsoft and Apple manage their contracts is hiring⁠— it needs techies as well as people in sales</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/icertis-helps-google-microsoft-and-apple-manage-their-contracts-is-hiring-for-techies-and-people-in-sales/articleshow/79640659.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tata-group-company-voltas-is-telling-analysts-that-it-may-hike-ac-prices-by-3-4-to-cover-rising-input-costs/articleshow/79624340.cms">Voltas is telling analysts that it may hike AC prices by 3-4% to cover rising input costs</a>

How RBI's proposed restrictions may affect your dividends

<ul><li>The <keyword id="6511646" type="General" weightage="20" keywordseo="amazon-summer-sale" source="Orion">Amazon Summer Sale</keyword> is now live. </li><li>The sale brings discounts across a wide range of products across categories. </li><li>You can avail discounts of up to 45% on the appliance category, check out the deals below.</li></ul>If you have been waiting to buy home appliances at a reasonable price, this can be the right time. The e-commerce giant Amazon is back with its <keyword id="1819506" type="General" weightage="20" keywordseo="summer-sale" source="Orion">Summer Sale</keyword>, starting from today, you can get a chance to avail the offers and make the most out of them. At the beginning of the summer season, the sale has come up with various value for money deals and price drops. With several offers and discounts running across categories, this sale can be the right opportunity to buy something that you might be looking for. Also, there will be an additional discount for debit card and credit card users of ICICI, Kotak and RBL Bank. Here are the best deals on air conditioners and refrigerators that you must look at. Voltas 1.5 Ton 5 Star Inverter Split AC <a href="https://www.amazon.in/Voltas-Inverter-Copper-Filter-DAZJ/dp/B09WDP2DLF?ref=dlx_27411_gd_dcl_tlt_14_0222c6a9_dt_mese1_7d"><cmsannotation type="cmsannotation" annotationid="B09WDP2DLF" comment="amazoncard" text="B09WDP2DLF">B09WDP2DLF</cmsannotation></a> Originally priced at ₹73,990, this air conditioner from Voltas is currently available for ₹41,500. It comes with a variable speed compressor which helps in adjusting power according to the load. Being energy-efficient, it is low on the bills. The 1.5-ton size makes it suitable for medium size rooms. Also, it has a low noise operation for undisturbed sleep. Samsung 1.5 Ton 4 Star Inverter Split AC <a href="https://www.amazon.in/Samsung-Inverter-Convertible-Bacteria-AR18BYMZAUR/dp/B09P8LG2RC?ref=dlx_27411_gd_dcl_tlt_21_d2f68c5a_dt_mese1_7d"><cmsannotation type="cmsannotation" annotationid="B09P8LG2RC" comment="amazoncard" text="B09P8LG2RC">B09P8LG2RC</cmsannotation></a> Samsung is offering a 40% discount on this inverter split AC. Originally priced as ₹62,990, you can now get this at ₹37,990. It features a convertible 5-in-1 cooling mode and an easy to clean the filter. The fast cooling tendency and low noise operation make this AC a good option to buy. LG 1.5 Ton 5 Star AI DUAL Inverter Split AC <a href="https://www.amazon.in/LG-Convertible-Anti-Virus-Protection-PS-Q19FNZF/dp/B09NS5K7HF?ref=dlx_15430_sh_dcl_tlt_0_ea9fffdf_dt_mese4_a1"><cmsannotation type="cmsannotation" annotationid="B09NS5K7HF" comment="amazoncard" text="B09NS5K7HF">B09NS5K7HF</cmsannotation></a> This 1.5 ton AC from LG is currently available at a discounted price of ₹44,999, which is 30,991 less than its MRP. To provide durability and long-lasting use, the AC is designed with ocean black protection. Also, it features super convertible 6-in-1 cooling. Blue Star 1.5 Ton 5 Star Inverter AC <a href="https://www.amazon.in/Blue-Star-Copper-IA518FLU-White/dp/B09RFCGW4X?ref=dlx_15430_sh_dcl_tlt_2_be743d3c_dt_mese4_a1"><cmsannotation type="cmsannotation" annotationid="B09RFCGW4X" comment="amazoncard" text="B09RFCGW4X">B09RFCGW4X</cmsannotation></a> If you are looking to buy an AC at a reasonable price, Blue Star can be the right choice for you. Offering a discount of 38%, this AC is currently available at ₹43,490. It is a 1.5 Ton AC with turbo cool operation. It provides protection against fluctuations. You get to save ₹26,510 on this AC. Hitachi 1.5 Ton 5 Star Inverter Split AC <a href="https://www.amazon.in/Hitachi-Inverter-Copper-Filter-RSRG518HEEA/dp/B08Z47LWL4/ref=sr_1_1?qid=1651581033&amp;refinements=p_89%3AHitachi&amp;rnid=3837712031&amp;s=kitchen&amp;sr=1-1"><cmsannotation type="cmsannotation" annotationid="B08Z47LWL4" comment="amazoncard" text="B08Z47LWL4">B08Z47LWL4</cmsannotation></a> You can now get this air conditioner at ₹45,000 and save ₹15,500. Suitable for medium size rooms, it features an expandable inverter to meet your requirement at adverse temperatures. Also, it comes with an indicator that keeps you updated about the time of cleaning the filter AmazonBasics Side-by-Side Door Refrigerator, 564L <a href="https://www.amazon.in/AmazonBasics-Frost-Side-Refrigerator-Dispenser/dp/B07R9NJCVZ/ref=sr_1_18?pf_rd_i=15430068031&amp;pf_rd_m=A1VBAL9TL5WCBF&amp;pf_rd_p=3db4a56d-9ff0-47db-bd12-49db080695d3&amp;pf_rd_r=Y0EQ9ST7J12G78E2ZRS9&amp;pf_rd_s=merchandised-search-11&amp;pf_rd_t=30901&amp;qid=1651581368&amp;refinements=p_n_feature_thirteen_browse-bin%3A2753039031%7C2753043031%7C2753045031&amp;rnid=2753038031&amp;s=kitchen&amp;sr=1-18"><cmsannotation type="cmsannotation" annotationid="B07R9NJCVZ" comment="amazoncard" text="B07R9NJCVZ">B07R9NJCVZ</cmsannotation></a> This 564L AmazonBasics refrigerator is now available at a discounted price of ₹48,499, which is 42% less than its MRP. Suitable for a family with more than 5 members, it comes with ample storage space. Its plain black glass door design should add a touch of elegance to your kitchen. Also, its in-built LED display makes it convenient to use even in the dark. LG 3 Star Smart Inverter Frost-Free Double Door Refrigerator, 260L <a href="https://www.amazon.in/LG-Inverter-Frost-Free-Refrigerator-GL-I292RPZX/dp/B08X72GY5Q?ref=dlx_28165_gd_dcl_tlt_0_d68c408d_dt_mese1_fa"><cmsannotation type="cmsannotation" annotationid="B08X72GY5Q" comment="amazoncard" text="B08X72GY5Q">B08X72GY5Q</cmsannotation></a> This double door refrigerator from LG is another option that one can buy during this sale. Available at a 36% discount, this refrigerator can now be purchased at ₹25,690. It features a deodorizer and multi-airflow cooling to maintain hygiene and keep the edibles fresh. Haier 3 Star Frost Free with inverter Double Door Refrigerator, 346L <a href="https://www.amazon.in/Haier-Refrigerator-Convertible-HEB-35TDS-Brushline/dp/B091TZ4TNZ?ref=dlx_28165_gd_dcl_tlt_1_6d87b4d6_dt_mese1_fa"><cmsannotation type="cmsannotation" annotationid="B091TZ4TNZ" comment="amazoncard" text="B091TZ4TNZ">B091TZ4TNZ</cmsannotation></a> Price down to ₹35,490 from ₹54,600, Haier is offering a discount of 35% on this refrigerator. Suitable to withstand weight, the shelves are made of toughened glass. It quickly provides ice in an hour with its Turbo Icing Technology. Best suited for a large family, it can be a good option to consider at this price. Whirlpool Frost-Free Multi-Door Refrigerator, 330L <a href="https://www.amazon.in/Whirlpool-Refrigerator-343D-PROTTON-ROY/dp/B07V7WYD3B/ref=sr_1_27?pf_rd_i=15430068031&amp;pf_rd_m=A1VBAL9TL5WCBF&amp;pf_rd_p=3db4a56d-9ff0-47db-bd12-49db080695d3&amp;pf_rd_r=Y0EQ9ST7J12G78E2ZRS9&amp;pf_rd_s=merchandised-search-11&amp;pf_rd_t=30901&amp;qid=1651581299&amp;refinements=p_n_feature_thirteen_browse-bin%3A2753043031%7C2753045031&amp;s=kitchen&amp;sr=1-27"><cmsannotation type="cmsannotation" annotationid="B07V7WYD3B" comment="amazoncard" text="B07V7WYD3B">B07V7WYD3B</cmsannotation></a> If you are looking for a frost-free refrigerator, this one from Whirlpool can be a perfect option for you. Currently available at a discounted price of ₹35,270, you get to save ₹13,330 on this refrigerator. It is energy-efficient and has a silent operation. Also, to keep the fruits and vegetables fresh for a long time, it has Zeolite Technology. Samsung 3 Star with Inverter Double Door Refrigerator, 253L <a href="https://www.amazon.in/Samsung-Inverter-Refrigerator-RT28A3453S8-HL/dp/B08SBSL8Y2/ref=sr_1_1?pf_rd_i=15430068031&amp;pf_rd_m=A1VBAL9TL5WCBF&amp;pf_rd_p=3db4a56d-9ff0-47db-bd12-49db080695d3&amp;pf_rd_r=Y0EQ9ST7J12G78E2ZRS9&amp;pf_rd_s=merchandised-search-11&amp;pf_rd_t=30901&amp;qid=1651581944&amp;refinements=p_n_feature_thirteen_browse-bin%3A2753039031%7C2753043031%7C2753045031%2Cp_89%3ASamsung&amp;rnid=3837712031&amp;s=kitchen&amp;sr=1-1"><cmsannotation type="cmsannotation" annotationid="B08SBSL8Y2" comment="amazoncard" text="B08SBSL8Y2">B08SBSL8Y2</cmsannotation></a> This refrigerator lets you save ₹7,500 and pay ₹24,490. Designed with a 253L capacity, this refrigerator from Samsung is a suitable option for a family with 2-3 members. It comes with a digital display for convenient usage. To provide fluctuations, it has a stabilizer-free operation. Also, it can be a great option when it comes to saving energy and low noise operation. DISCLAIMER: The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/amazon-summer-sale-best-deals-and-offers-on-kitchen-appliances/articleshow/91264448.cms">Amazon Summer Sale: Best deals and offers on kitchen appliances</a> <a href="https://www.businessinsider.in/tech/news/amazon-summer-sale-here-are-top-deals-on-smartphones-smartwatches-and-truly-wireless-earphones/articleshow/91252922.cms">Amazon Summer Sale – here are top deals on smartphones, smartwatches and truly wireless earphones</a>

Amazon Summer Sale: Check out the best deals on air conditioners and refrigerators

<ul class="summary-list"><li><keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">Crypto</keyword> platform <keyword id="12161809" type="UNKNOWN" weightage="60" keywordseo="voyager-digital" source="Orion">Voyager Digital</keyword> has cut the daily withdrawal limit on customer accounts to $10,000 from $25,000.</li><li>The move comes after Voyager warned it may not be repaid a loan it made to <keyword id="11918410" type="UNKNOWN" weightage="60" keywordseo="hedge-fund" source="Orion">hedge fund</keyword> <keyword id="14273678" type="UNKNOWN" weightage="60" keywordseo="three-arrows" source="Orion">Three Arrows</keyword> Capital. The loan was valued around $660 million as of Thursday. </li></ul><a href="https://markets.businessinsider.com/stocks/vygvf-stock">Voyager Digital</a> has cut the daily withdrawal limit for its customers by thousands of dollars, with the cryptocurrency trading platform making the move after disclosing it could lose more than $600 million on a hedge fund loan. The Canada-based company reduced the daily <a href="https://investvoyager.zendesk.com/hc/en-us/articles/4407560579227-Are-there-withdrawal-limits-">withdrawal limit to $10,000</a> from a <a href="https://www.investvoyager.com/useragreement/">previous level of $25,000</a>, with the change reflected on its website late Wednesday.Voyager Digital shares on Thursday rose as much as 17% to 0.86 Canadian cents on the Toronto Stock Exchange, slicing into Wednesday's 53% plunge in value. The shares had tumbled after the company on Tuesday said it may issue a default notice to crypto hedge fund Three Arrows Capital for failure to repay a loan made to it by its Voyager Digital LLC operating subsidiary. The non-repayment by the struggling hedge fund left the crypto platform exposed to a potential loss of billions of dollars. Voyager had loaned 15,250 <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> and $350 million of the <a href="https://markets.businessinsider.com/currencies/usdc-usd">USDC stablecoin</a> to Dubai-based Three Arrows Capital, or <keyword id="14273679" type="UNKNOWN" weightage="60" keywordseo="3ac" source="Orion">3AC</keyword>. <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> on Thursday traded around $20,376 and together with the stablecoin exposure, Voyager faced a potential loss of $660 million. 3AC had failed to meet margin calls from several lenders earlier this month, according to the <a href="https://www.ft.com/content/d75801c9-b9dd-4f90-b012-6948cca680d0">Financial Times</a>. The loan-loss warning from Voyager arrived at a dismal time for the broader cryptocurrency market which is undergoing what some analysts have called a "crypto winter". Prices for bitcoin and other digital assets have tumbled since the market's valuation hit an all-time high above $3 trillion in November. Voyager has asked 3AC to repay the entire loan balance by June 27 and had requested an initial repayment of $25 million USDC by Friday, June 24. Failure by 3AC to repay either requested amount will constitute a default event, it said. " Voyager intends to pursue recovery from 3AC and is in discussions with the Company's advisors regarding the legal remedies available," the company said, adding that it "is unable to assess at this point the amount it will be able to recover from 3AC." The crypto market was valued at $941 billion as of Thursday, according to <a href="https://www.coingecko.com/en/global_charts">CoinGecko</a>. Bitcoin has dropped by more than 50% since reaching an all-time high above $68,000 seven months ago.<div type="image" title="A screenshot of Voyager Digital's website shows the daily withdrawal limit at $10,000." height="1030" width="2262" msid="92419601" hostid="261"></div>

Crypto platform Voyager Digital cuts daily withdrawal limit to $10,000 after revealing $660 million exposure to struggling crypto hedge fund

Here are all the best deals on Amazon Summer Sale 2022

<ul><li><keyword id="1042120" type="General" weightage="100" keywordseo="uber" source="Orion">Uber</keyword> has announced a 12% price hike for cab rides in Delhi.</li><li>The company had earlier announced a 15% price hike in Mumbai.</li><li>The price hike has been done keeping in mind the rising fuel prices.</li></ul>Uber India has today announced a price hike in Delhi, keeping in mind the rising fuel prices. The company has raised the prices of cab rides by 12% in the capital. This is not the first price hike by the company in India. Earlier this month, Uber had <a href="https://www.hindustantimes.com/cities/mumbai-news/uber-hikes-fares-by-15-citing-surge-in-fuel-prices-101648833014231.html">announced</a> a 15% price hike in Mumbai, citing the rising prices of fuel as the reason for the hike. The price hike comes amid protests by cab drivers and unions. Several drivers had staged a protest at the Jantar Mantar earlier this month. "We listen to feedback from drivers and understand that the current rise in fuel prices is causing concern. To help cushion drivers from the impact of the spike in fuel prices, Uber has raised trip fares in Delhi NCR by 12%,” Nitish Bhushan, Head of Central Operations, Uber India said in a statement. “Over the coming weeks, we will continue to track fuel price movements and will take further steps as needed,” Bhushan added. Currently, the petrol and diesel prices in Delhi are ₹105.41 and ₹96.67 respectively. On the other hand, the prices in Mumbai are ₹120.51 and ₹104.77 respectively. In addition to protesting against Uber, drivers in several parts of the country have started a “No AC” <a href="https://telanganatoday.com/cab-drivers-in-hyderabad-to-charge-extra-for-ac-amid-rising-fuel-prices">campaign</a>, wherein they will not turn on the air conditioner in the car and inform the rider about the reason. Further, riders will be given an option to pay an additional amount to turn on the air conditioner. “As AC runs on fuel and it is so expensive right now, it is difficult for us to run the air conditioner at this price. That is why we decided to charge an additional fee for using the air conditioner in the taxis,” a member of the Telangana Gig and Platform Workers Union said in a statement. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-surge-over-5-times-in-2021-22/articleshow/90775731.cms">Electric two-wheeler sales surge over 5 times – Hero Electric, Okinawa corner half the market, Ather’s market share declines</a> <a href="https://www.businessinsider.in/india/news/petrol-and-diesel-prices-hiked-for-the-13th-time-in-15-days/articleshow/90655551.cms">Petrol and diesel prices hiked for the 13th time in 15 days</a> <a href="https://www.businessinsider.in/tech/news/uber-drivers-are-slamming-the-companys-new-fuel-surcharge-as-woefully-inadequate/articleshow/90278187.cms">Uber drivers are slamming the company's new fuel surcharge as 'woefully inadequate'</a>

You Searched For "ac share price" and got 11 results

Voltas net profit declines 22% YoY to ₹110.64 crore in Q4 FY24

PTI

Top rated 1.5 ton air conditioners in India 2024

Ayush Mehrotra

Global shares struggle as investors weigh up chances of a mega Fed rate hike and downbeat earnings

Amanda Cooper

Top stock movers — ACC, Britannia, Amber Enterprises, HCL Tech, Wipro, L&T and others

Navdeep Yadav

Heatwave has turned ACs from a luxury to a necessity — but margins remain muted for the players

Kritti Bhalla

How RBI's proposed restrictions may affect your dividends

Sriram Iyer

Amazon Summer Sale: Check out the best deals on air conditioners and refrigerators

Shradha Aneja

Crypto platform Voyager Digital cuts daily withdrawal limit to $10,000 after revealing $660 million exposure to struggling crypto hedge fund

Carla Mozée

Here are all the best deals on Amazon Summer Sale 2022

Sourabh Jain

Uber announces a 12% price hike for cab rides in Delhi as petrol, diesel prices skyrocket

Sourabh Jain

Best dual band WiFi routers in India

Sourabh Jain

Popular Keywords

Buying Guides