Carrier

Nike, Mitsubishi struggle to get Indian certification for Chinese vendors

Nike, Mitsubishi, and Carrier, among others, are having difficulty obtaining Bureau of Indian Standards (BIS) certification for their vendor factories in China

Deadlock over carrier's revival: Banks not keen on sharing Jet's liability

Deadlock over carrier's revival after NCLAT order

Japan's tech giant Toshiba plans to split; sell stake in Carrier

Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders. As part of the proposed plan, Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp. to the U.S.-based Carrier Group, for about 100 billion yen ($877 million). Toshiba is also selling Toshiba Elevator and Building Systems Corp. and Toshiba Lighting & Technology Corp., it said Monday. The proposal is still subject to shareholder and regulatory approval. Toshiba scrapped its earlier proposal for a three-way split, which was not popular with some shareholders. Toshiba once was one of Japan's most revered brands but has been struggling since the Fukushima nuclear disaster in March 2011. A tsunami sent three reactors into meltdowns, spewing radiation over an area that's still partly a no-go zone. Toshiba is involved in the decommissioning effort, which will take ...

After mobile phone devices, phased manufacturing push for AC makers

Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.

Home appliances remain immune to Covid, lockdown relaxation boosts demand

28% consumers keen on buying home appliances, while other discretionary spending is on hold, says Nielsen survey

Life after lockdown: Ramping up isn't easy with curbs, labour shortages

The first of a three-part series looks at how manufacturing units are gearing up to the new normal

Carrier to launch new technology development centre at Gurgaon facility

Commercial cooling products maker Carrier Monday announced the launch of its new technology development centre at its Gurgaon facility, as part of efforts to consolidate its position in the Indian market. The company is eyeing the opportunities coming in the commercial and light commercial airconditioning segment here as large number of offices, commercial buildings, airports, hospitals etc are coming here. "We are looking for situation by localising more and more products in India, under make-in-India campaign and for that we are augmenting our engineering capabilities," UTC Climate, Controls & Security Managing Director, India, Arun Bhatia, told PTI. The new facility features state-of-the-art laboratory and testing facilities would aid in the development of Carrier heating, ventilating and air conditioning (HVAC) products; and will serve as an engineering hub in the region, the company said in a statement. However, the company has not shared the amount, which it has invested in .