LG Electronics India, a global leader and technology innovator in consumer electronics, has decided to hike prices of its products in almost all categories from November 1 to offset the sharp depreciation of rupee against the dollar.

Amitabh Tiwari, Head of Electronics Department, LG Electronics India said,, “We have decided to hike prices from November 1 ranging from up to 5 per cent across almost all product categories, as we are unable to take further hits on account of rupee depreciation.”

Stockholm - Swedish state-owned energy group Vattenfall on Thursday posted higher operating profits for third-quarter 2008, boosted by its operations in the Nordic region.

Operating profit before tax and interest was 5.59 billion kronor (726 million dollars), up 17 per cent year-on-year.

Third-quarter turnover increased by 17 per cent to 37 billion kronor, while the net profit fell some 29 per cent to 2.48 billion kronor.

Tokyo - NEC Corp returned to the black in the second quarter of fiscal 2008 that runs through March 31.

The Japanese electronics company attributed a net profit of 1.28 billion yen (13.15 million dollars) in the July-September quarter to capital gains from selling shares. The result compared to a net loss of 5.72 billion yen in the same period a year before.

Operating profit for the second quarter plunged 42.4 per cent to 9.28 billion yen from 16.1 billion yen due to slow demand for telecommunication systems and microchips.

NEC reported sales of 1.13 trillion yen, up 0.5 per cent.

Big TV, the Direct-to-Home (DTH) service of Anil Ambani's Reliance Communications (RCom), claimed that it has become the fastest growing DTH player in the country, as it has crossed the magic figure of 500,000 subscribers within two months of its launch.  

According to the company's CEO Arun Kapoor, crossing the 5-lakh customer milestone within two months is indeed a testimony to the superior value proposition offered by BIG TV, and its success in accelerating the growth momentum of DTH sector in India.”