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Samsung India Electronics recorded a sharp decline in profit in FY26 despite stronger domestic revenue, highlighting a divergence between the company’s sales performance in India and its bottom line. The company’s consolidated profit fell 36% to Rs 7,228.1 crore for the financial year ended March 31, 2026, from Rs 11,287.5 crore in FY25. Meanwhile, domestic…
Electronics giant Samsung India, facing the double blow of rising costs and sluggish sales, has started the process of cutting jobs in India. The company is laying off executives and employees from its television and home appliances business. According to sources and media reports, so far around 80 to 100 executives at different levels have…
Last Updated:April 20, 2026, 5:43 PM IST Samsung Chairman Lee Jae yong took a selfie with South Korea President Lee and Indian PM Modi during a state luncheon at Samsungs Noida office Samsung Chairman Lee Jae-yong takes a selfie with South Korea President Lee Jaemyung and Prime Minister Modi using a Samsung phone made in…
Seoul: Samsung Electronics ranked first in the Indian TV market in the first half of 2025, data showed on Sunday, backed by robust sales of large-sized premium models. The South Korean tech giant accounted for 23.8 percent of the market during the January-June period, maintaining the top spot since 2017, according to data compiled by…
Samsung Electronics has signed a record-breaking USD 16.5 billion deal to produce Tesla’s upcoming AI6 chips, marking a significant milestone for the South Korean tech giant’s foundry business. According to a report by the Korea Herald, Tesla CEO Elon Musk confirmed on X (formerly Twitter) that Samsung’s chip fabrication plant in Taylor, Texas, will be…
Last Updated: October 15, 2024, 8:21 PM IST Samsung workers who are on strike shout slogans during a protest near their plant in Sriperumbudur, on the outskirts of Chennai. (AP file photo) The state government in a statement said the strike at the factory of the Korean electronics giant in Sriperumbudur has come to an…