LG India paid ₹323 cr in royalty to parent in FY24
Financial Express Kochi|December 10, 2024
LG ELECTRONICS INDIA, which filed its offer document last week for a $1.8-billion initial public offering (IPO), paid 2.3-2.4% of sales in royalty to its parent in FY24, totaling ₹323 crore, its draft red herring prospectus (DRHP) showed.
VIVEAT SUSAN PINTO

Analysts and proxy advisory firms say that royalty rates may increase in the future as LG India continues to depend on its parent entity for various aspects of its business. This is despite efforts to increasingly localize operations by the firm.

In its DRHP released on Friday, LG India said it continued to seek support from its parent for product design and innovation, technologies for manufacturing, brand and related technical know-how as well as exports.

Bu hikaye Financial Express Kochi dergisinin December 10, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Kochi dergisinin December 10, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS KOCHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Kochi

Treesa-Gayatri duo aspires to impress at World Tour Finals

TREESA JOLLY GIGGLES and mock-clucks her disappointment recalling that she's not tried eating anything crazy, since relishing spiced crispy grasshoppers as a 16-year-old.

time-read
2 dak  |
December 11, 2024
Financial Express Kochi

Top Google India searches: IPL, World Cup, elections

A GOOGLE BLOG released on Tuesday revealed that sports and politics dominated search queries in 2024, with the IPL, World Cup, and election results featuring prominently in the trending topics.

time-read
1 min  |
December 11, 2024
Financial Express Kochi

India outshines global peers in hiring trends, IT takes the lead

• 53% employers plan to expand their workforce

time-read
2 dak  |
December 11, 2024
Encroachment leads to higher flood risks
Financial Express Kochi

Encroachment leads to higher flood risks

In this edition of IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India, panellists discussed how Hyderabad, a growing urban metropolis, can tackle issues of illegal constructions, pollution and floods.

time-read
3 dak  |
December 11, 2024
Financial Express Kochi

Oppn submits motion to remove Dhankhar

IN A FIRST, parties of the INDIA opposition bloc on Tuesday submitted a notice to bring a motion in Rajya Sabha for the removal of Vice President Jagdeep Dhankhar, accusing him of \"partisan\" conduct as the chairman of the Upper House.

time-read
1 min  |
December 11, 2024
'Clients want a one-stop shop for creative solutions across platforms'
Financial Express Kochi

'Clients want a one-stop shop for creative solutions across platforms'

Stressing on building its data capabilities has paid handsome dividends to FCB Kinnect, helping it win multiple awards at various industry forums including 5 Golds at the SAMMIE 2024 that honours the best social media brands.

time-read
1 min  |
December 11, 2024
Financial Express Kochi

S&P Global: India set for 'resilient' growth in 2025

RIDING ON URBAN CONSUMPTION

time-read
1 min  |
December 11, 2024
Financial Express Kochi

Long live shared value

WHEN PROFIT MEETS PURPOSE AND IMPACT FUELS INNOVATION, THE REAL MAGIC HAPPENS

time-read
4 dak  |
December 11, 2024
Philanthropy can help build positive brand image
Financial Express Kochi

Philanthropy can help build positive brand image

Philanthropy can help build positive brand image

time-read
2 dak  |
December 11, 2024
Financial Express Kochi

Safeguarding steel

A blunt instrument to curb imports won't address the travails of the industry

time-read
2 dak  |
December 11, 2024