Godrej & Boyce may break even this fiscal

Following a sharp growth in its refrigerator and washing machine sales, coupled with its growing services business, the appliance division of Godrej & Boyce Mfg Co Ltd is expected to break even during the current financial year, top company officials told Business Standard.

Glen Dimplex buys Norwegian heating firm

Glen Dimplex has acquired Siemens Electrical Heating AS, the Norwegian electrical heating business of Siemens AG. The business, which has a turnover of E30 million, is based in Trondheim, Norway, and was the last remaining electrical heating business within the Siemens Group.

Powerhouse Stores Are Saved

Two of the Teesside stores in a collapsed electrical retail chain have been saved, it emerged today. Fears flared for the future of two PowerHouse outlets at Teesside Retail Park, Stockton, and one at Skippers Lane Industrial Estate, South Bank, when the company went into administration.