Business News

·        Toshiba overhauls India Strategy

·        Phillips recalls 95,000 hair dyer units

Toshiba overhauls India Strategy

Japan's Toshiba Corp. on Thursday said it will start manufacturing its products in India by the end of this year to make them more cost competitive and strengthen its overall business.

The firm said it is also integrating the business operations of consumer products, including home appliances, with its personal computer division, besides planning to set up a research and development centre at its Gurgaon headquarters.

Phillips recalls 95,000 hair dyer units

Dutch consumer electronics firm Philips on Thursday said it is recalling 95,000 of its hair dryer units in India due to a potential hazard to customers caused by overheating when left plugged into an electric connection.

The company said it is recalling two foldable hair dryer models--HP4931 and HP 4940--sold in India between September 2008 and February 2011.

The firm, however, said the risk for consumers is very low and no safety incidents have been reported in India.

(Source- mintlive)