Electronics

Silver Consumer Electricals Ltd., a well-established player in India's consumer electronics segment, is poised to launch an initial public offering (IPO) with a target to raise approximately Rs. 1,400 crore. The public issue is expected to fund the company's growth strategy, which includes capacity expansion, brand strengthening, and reducing debt. With a broad portfolio of appliances and a growing footprint in both rural and urban markets, Silver Consumer aims to capitalize on robust domestic demand and favorable industry trends.

Reliance Retail Ventures Ltd. has acquired the rights to the iconic Kelvinator brand in India, marking a significant step in its continued expansion into the fast-growing home appliances sector. The deal grants Reliance perpetual ownership of the brand across a broad range of product categories, positioning the conglomerate to challenge established players in refrigerators, air conditioners, and kitchen appliances.