Russia’s Sistema group to enter Indian electronics sector

October 8th, 2009 NEW DELHI - Consumer electronics major LG has launched new products in the premium category in the Indian market. The company has launched four new models of side-by-side refrigerators, front loading washing machines, air purifiers with a distinctive filter system, and convection microwave ovens with as many as 101 auto cook menu options.

July 21st, 2009 NEW DELHI - Despite high interest cost and falling exports, India's manufacturing sector will recover in the second quarter this fiscal, says a report by the Federation of Indian Chambers of Commerce and Industry (FICCI). "Indian manufacturing sector is likely to witness more than a moderate growth with eight out of the 10 sectors surveyed reporting not only positive but also high growth for July-September 2009 vis-a-vis same quarter last year," said the FICCI report.

July 16th, 2009 NEW DELHI - Bank of China will extend a loan of $70 million to Sistema Shyam TeleServices, the telecom joint venture between Sistema of Russia and Shyam group of India, to strengthen its wireless infrastructure. The loan is for eight years with three years of moratorium on principal repayment and will help Sistema Shyam expand its geographical reach and seamlessly serve the growing subscriber-base, the company said in a statement.

June 26th, 2009 THIRUVANANTHAPURAM - Kerala will ask the central government to set up more public sector units and centre-state joint ventures in the state to spur its industrial development, Industries Minister Elamaram Kareem said Friday. Kareem told IANS here that he would go to Delhi next week to discuss the state's demands with Defence Minister A.K.

June 11th, 2009 Ikea snubs Indian market after spat with gov'tSTOCKHOLM — Swedish furniture retailer Ikea Thursday said it has postponed plans to enter the Indian market after talks with the Indian government broke down. According to Indian regulations, foreign companies aren't allowed 100 percent ownership of retail outlets in the country, but can enter the market by forming joint ventures with local owners.

May 21st, 2009 KOLKATA - Telecom operator Sistema Shyam Teleservices, a joint venture between Russia's Sistema and India's Shyam group, Thursday launched its CDMA services for the West Bengal circle, and said it would invest $150 million in this telecom service area over the next four years. The company had earlier launched CDMA services in the Tamil Nadu, Kerala and Rajasthan circles.

May 4th, 2009 BANGKOK - Thailand-based electronics manufacturers have hired thousands of staff as orders from abroad have resumed, news reports said Monday. Western Digital - the world's second largest manufacturer of hard-disk drives (HDD) - hired 3,000 additional workers last month for its Thai-based factories, bringing its total staff up to 31,000, the Bangkok Post reported.

April 29th, 2009 NEW DELHI - The Indian Army and the Indian Navy have been placed on high alert along the country's southern coast to prevent any infiltration bid by Tamil tiger cadres fleeing the military offensive against them in Sri Lanka, a top commander said Wednesday. 'There is a high alert in the southern command,' Indian Army vice chief Lt.

April 22nd, 2009 KOLKATA - Shyam Sistema Teleservices Ltd, a joint venture between the city-based Shyam Group and Russia's Sistema, Wednesday announced its plans to launch mobile services in Kolkata next month. The joint venture company, in which Sistema has 74 percent holding and Shyam has the remaining 26 percent, will introduce services in other eastern states after the Kolkata launch, said Alexander Chinyaev, Sistema's chief representative in India.

March 26th, 2009 CHENNAI - Sistema Shyam Teleservices, the joint venture between India's Shyam group and Russian telecom major Sistema SSA, Thursday launched its CDMA mobile services in 373 towns in the Tamil Nadu circle. With an overall investment of $5.5 billion, the company will now move to Kerala by March 30, company president Vsevolod Rozanov told reporters here.

March 26th, 2009 CHENNAI - Sistema Shyam Teleservices, the joint venture between India's Shyam group and Russian telecom major Sistema SSA, Thursday launched its CDMA technology-based mobile services in 373 towns of Tamil Nadu. With an overall investment of $5.5 billion, the company will also move to Kerala by March 30, company president Vsevolod Rozanov told reporters here.

March 23rd, 2009 NEW DELHI - Shyam Sistema Teleservices (SSTS), the joint venture between telecom equipment manufacturer and service provider Shyam Group and Russian telecom major Sistema SSA, will launch CDMA mobile services in two telecom circles, the Chennai-Tamil Nadu circle and Kerala, by this month-end, industry sources said. The company will launch the service in Chennai-Tamil Nadu circle March 26, and most likely by March 30 in Kerala, the sources said.

March 20th, 2009 PANAJI - Philips Electronics India Friday gave a big push to its expansion in the country by launching over 150 new products in the lighting and home decorative sector and a new line of home healthcare products. With demand slowing down in its key lighting and electronics sectors, the company is now planning to expand its medical equipment business.

January 22nd, 2009 NEW DELHI - Shyam Telelink Ltd, a joint venture between Russian telecom giant Sistema and India's Shyam Group, Friday announced the change of its name to Sistema Shyam TeleServices (SSTS). 'Sistema is the majority shareholder in this venture with Shyam Group being the other partner.

January 4th, 2009 BANGKOK - Delta Electronics (Thailand) will suspend its $50 million investment in a new factory in Chennai, India, and downsize operations in Thailand, news reports said Monday. 'After finishing a feasibility study, we think that the project is not viable to invest in for the time being given the current market conditions,' Delta's executive director Anusorn Muttaraid told the Bangkok Post newspaper.