Cannon launches 23 new Digital products in India

Cannon launches 23 new Digital products in IndiaIn order to make a conscious effort to bring the best in photographic equipment to consumers, Country's No. 1 digital imaging company, Canon India Pvt. Limited, on Thursday launched 23 new SMART next generation digital camera, camcorder, and accessories.

This is the first product launch by the company in 2009. The latest launch includes 8 Digital Compact Cameras, 10 Digital Video Camcorders, 1 Digital SLR, 1 Compact photo printer and 3 lenses.

The products are priced between Rs 8,995 and Rs 1 lakh.

The move was taken by the company to further accelerate the industry's transformation in terms of product innovation & technology.

Canon India Pvt. Ltd, a 100% subsidiary of Canon Singapore Pte Ltd is eyeing 25 per cent growth in 2009. The company expects its revenues to touch Rs. 840 crore in 2009 as compared to Rs. 665 crore last year.

The company had registered a growth of 31% in the year 2008.

Apart from latest development, the company is also presently enhancing its channel structure to attain maximum coverage in the country, for the digital and camcorder category, which now includes over 1000 retailers, while DSLR channel structure includes 20 distributors and 175 retailers.


Tagged with

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.