Latest news with #LGElectronics'
Economic Times
01-08-2025
- Business
- Economic Times
Chinese robot maker AGIBot completes new round of financing
The company said this marked LG Electronics' first investment in the embodied intelligence sector. It declined to disclose the size of the fundraising round or any financial details. Tired of too many ads? Remove Ads Chinese humanoid robot maker AGIBot has completed a new round of strategic financing with investors including LG Electronics and Mirae Asset, the company said in a statement to company said this marked LG Electronics' first investment in the embodied intelligence sector. It declined to disclose the size of the fundraising round or any financial whose robots were inspected by Chinese President Xi Jinping during his visit to Shanghai this year, is one of several Chinese humanoid robot startups that have emerged in recent years.
Time of India
23-07-2025
- Business
- Time of India
India's IPO market set to soar with Rs 2.58 lakh crore offerings in pipeline
India's primary market is set for a significant IPO surge in the remainder of 2025, with over ₹2.58 lakh crore worth of offerings in the pipeline, driven by financial services firms, startups, and unicorns. Strong investor participation, particularly from mutual funds fueled by consistent equity scheme inflows, and private equity firms seeking exits are contributing to this robust IPO activity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale - India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory ₹2.58 lakh crore of offerings are in the the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services , which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong."The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds," said Bhavesh Shah, managing director and head of investment banking , Equirus funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs).Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity."IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits," said Mihir Vora, chief investment officer at Trust Mutual Fund.
Time of India
23-07-2025
- Business
- Time of India
D Street Decked Up for Debutants Ball
From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale — India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic bourses. According to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory approval. Explore courses from Top Institutes in Please select course: Select a Course Category MBA PGDM Leadership Design Thinking Degree CXO Healthcare Technology Project Management Public Policy Operations Management Others MCA Digital Marketing Data Science Artificial Intelligence Product Management Data Science others Finance Data Analytics Cybersecurity Management healthcare Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Altogether, ₹2.58 lakh crore of offerings are in the pipeline. In the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services, which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among others. Issue sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through IPOs. In the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh crore. Overall, calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to ETIG. The strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong. 'The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds,' said Bhavesh Shah, managing director and head of investment banking, Equirus Capital. Mutual funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these offerings. In the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs). Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity. 'IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits,' said Mihir Vora, chief investment officer at Trust Mutual Fund.
Korea Herald
07-07-2025
- Business
- Korea Herald
LG Electronics Q2 profit nearly halved as US tariffs bite
LG Electronics' preliminary operating profit plunged nearly 50 percent in the second quarter from a year earlier, coming in below market forecasts as the South Korean tech giant grappled with US tariffs and weakening demand. In its earnings guidance Monday, the company said it expects to post an operating profit of 639.1 billion won ($467 million) for the April-June period, marking a 46 percent drop from the same period last year. Revenue slipped 4 percent on-year to 20.74 trillion won. The results also undershot the already lowered consensus forecast of 847 billion won in operating profit and 21.47 trillion won in revenue, according to estimates compiled by market intelligence firm FnGuide. 'Amid delayed recovery in consumer sentiment in key markets, adverse business environment continued due to tariff-related burdens from the shift in US trade policy in the second quarter and intensified market competition,' LG said in a statement. LG explained that its flagship home appliance unit, along with its business-to-business segments — including vehicle components and heating, ventilation and air conditioning, or HVAC — managed to be profitable. But its media and entertainment unit, which includes TVs and the webOS platform, weighed down overall earnings due to rising liquid crystal display panel prices and increased marketing expenses from intensified competition. The company added that US tariffs as well as steel and aluminum-related duties and logistics expenses affected profitability. In April, US President Donald Trump imposed a 10 percent tariff on all imports effective immediately, separately from his country-specific "reciprocal" tariffs that were delayed by 90 days until July 9. While LG manufactures washing machines and dryers at its US plant, the bulk of the company's key appliances sold in the American market are still produced overseas, including in South Korea, Mexico and Vietnam, which are all subject to duties. LG's heavy dependence on the US market, which accounts for roughly 30 percent of its home appliance sales, leaves the company particularly vulnerable to such tariffs, according to industry analysts. The financial hit was further exacerbated in late June, when the US expanded 50 percent steel tariffs to cover washing machines, refrigerators and other household appliances containing steel components. During the first-quarter earnings call in April, LG said it was considering price hikes for certain products and shifting production of some home appliances to the US in response to the new tariffs. Looking ahead, LG said it plans to focus on its B2B segment in the second half, particularly in HVAC systems and automotive components. The company has been putting all-out efforts into expansion of its HVAC operations, recently signing an acquisition deal with Norwegian hot water solutions provider OSO Hotwater as part of its push into the fast-growing HVAC market.
Korea Herald
09-06-2025
- Automotive
- Korea Herald
LG chief doubles down on EV battery push with Indonesia visit
From batteries to TVs, Koo Kwang-mo outlines LG's five-year strategy during India, Indonesia site tours LG Group Chairman Koo Kwang-mo reaffirmed the conglomerate's commitment to growing its battery businesses as he visited HLI Green Power, a 50:50 battery joint venture by LG Energy Solution and Hyundai Motor Group in Indonesia, earlier this month. According to LG on Monday, Koo toured the battery cell production line at HLI Green Power and highlighted the need for solidarity and cooperation with partners to break through a stalled electric vehicle market. Located in Karawang, West Java, as the country's first EV battery manufacturing plant, HLI Green Power began operation in April last year with an annual production capacity of 10 gigawatt-hours, which is enough to power about 150,000 EVs. The joint battery plant posted a 96 percent yield rate within four months of the start of mass production. The LG chief called on the employees at the battery joint venture to gain a competitive edge and stand out in the market. Commemorating his visit, Koo wrote on a battery cell product that he hopes the battery foothold will become 'the heart of future mobility.' The visit to HLI Green followed Koo's remarks during a shareholders' meeting in March where he emphasized that LG will nurture the battery industry as a key business for itself and a future core industry for Korea. He previously visited an Ultium Cells factory, an EV battery joint venture between LG Energy Solution and General Motors, in Tennessee in June last year. 'Although the EV chasm is lasting longer than expected and the competition (with Chinese battery makers) is heating up, (Koo's visit) shows his determination to thoroughly prepare for (post-EV-chasm) times even at a moment like this,' said an LG official. The LG chief then visited LG Electronics' production and research and development offices as well as local retail stores for home appliances in Cibitung, West Java, to review the overall value chain. LG Electronics -- which produces TVs, monitors and signage at its Cibitung site for Asia, the Middle East and Africa -- established an R&D office near the Cibitung plant to mark the area as an outpost targeting the Indonesian and Southeast Asian markets. During his visit to the Cibitung plant, Koo inspected an autonomous production line for TVs and discussed LG Electronics' global R&D operational strategies for the future. The LG leader also went to Electronic City, a local retail store, to check the sales performance of LG Electronics' products, receive customer feedback about regional products, and inspect Chinese rivals' market strategies in the Southeast Asian home appliances market. 'While it is important to respond to competition, which is getting fiercer right now, we need to come up with strategies for our survival five years from now and identify the decisions we should make and where we should focus to secure our distinctive competitiveness,' said Koo in a meeting with local LG Electronics executives and employees in Jakarta.
