Topic
tvs
Business TVS Arm Home Credit India to Acquire Education Loan Specialist Varthana Finance for Rs 967 Crore
Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement to acquire Varthana Finance, an education loan specialist, for Rs 967 crore in an all-cash deal. The acquisition aims to diversify Home Credit's portfolio, improve business mix, and create synergies in distribution, technology, and risk management. The transaction is subject to regulatory approvals and is expected to close within nine months.
Manufacturing TV makers avoid price hikes by shifting to ad revenue, report says
Rising TV component costs have not led to price increases because manufacturers are pivoting to advertising revenue, according to market research firm Omnia. The report, cited by Digitimes, notes that fierce retailer competition, especially in North America, has kept margins thin. TV shipments rose 6% year-on-year, driven by World Cup demand and Chinese firms expanding overseas, according to Omdia.
MINI Argos Summer Sale Cuts Prices Up to 50% on TVs, Appliances, Toys from Global Brands
Argos has launched its summer sale offering up to 50% off on thousands of products across TVs, appliances, toys, and home goods. The sale features global brands such as Samsung, LG, Ninja, Dyson, and Lego, and runs until July 7. The move positions Argos ahead of Amazon Prime Day later this month.