Proceeds expected to be used for debt repayment are incremental to the USD 500 million term loan repayment that the holding company previously disclosed it expects to pay in the fourth quarter of 2023.

Whirlpool will utilise the proceeds from the sale of 24 percent stake in Whirlpool of India to reduce debt levels

Whirlpool of India reported a 23.7% drop in second-quarter profit earlier this month, as the home appliances maker grappled with weak demand amid stiff competition. Michigan-based Whirlpool currently maintains a 75% ownership interest in the Indian company through a wholly-owned unit, and will retain a majority interest after the sale.

The Niagara Frontier Transportation Authority posted on X, formerly Twitter, that all cars arriving at the Buffalo Airport would undergo security checks. The authority said travelers should also expect additional screenings.

Brokerages have trimmed earnings per share (EPS) estimates of Whirlpool India for FY24-26E owing to near-term soft demand trends and rising competition

Revenue from operations was down 5.58 per cent to Rs 1,521.56 crore during the quarter under review against Rs 1,611.54 crore.

Brick-and-mortar retailers in India are urging leading electronics and mobile phone brands to maintain price parity and stock supplies with e-commerce platforms during the festive season. Industry groups representing these retailers have written letters to Samsung, Oppo, Vivo, Realme, Xiaomi, and OnePlus, expressing their concern that online-exclusive and end-of-life models will receive deep discounts, leaving brick-and-mortar retailers at a disadvantage. These retailers collectively operate over 155,000 outlets and have a turnover of over ₹42,000 crore. The retailers are seeking a level playing field to ensure their survival in the face of online competition.

On September 21, several mid and small-cap stocks made notable moves by crossing their 20-Day SMA, signaling potential positive developments.

On September 8, Friday, data sourced from StockEdge revealed that over 100 stocks were trading in an overbought zone

The commerce and industry ministry has recommended imposing anti-dumping duty on toughened glass for home appliances imported from China. The duty would range from $41.8 to $243 per metric ton, depending on the thickness and area of the glass. The recommendation was made by the Directorate General of Trade Remedies (DGTR) after finding evidence of dumping and injury to the domestic industry. Certain items, such as glass used in utensil lids and electronic switch panels, will be excluded from the duty.

ICICI Securities is bullish on Whirlpool of India recommended buy rating on the stock with a target price of Rs 1680 in its research report dated August 08, 2023.

Chief human resources officer Suman Gopalan and chief marketing officer Stacey Epstein are leaving the firm, the company said in a statement on Monday. While Gopalan spent a little over 5 years with the firm, Epstein was with Freshworks for over nearly 2.5 years.