Panasonic’s 3D TV released

Panasonic’s 3D TV releasedThe Japanese MNC, makers of the popular Viera HDTV line has launched its 3D TVs. The same shall go for sale in US later during the week.

This technological marvel - VT25 plasma HDTV would be made available with Best Buy as a joint promotional effort from Wednesday.

Scheduled to be launched at Best Buy's Union Square store's venue in New York City, the retailer also plans to have demo units at hundreds of stores across the country, reports Engadget.

In addition to the reports, a 50-inch 3D set (which includes Blu-Ray player and 3D glasses), will cost around 2,500 USD which is 2,000 USD lesser than what it does in Japan.

Low price range is in line with the strategy to cross the 1 million mark in sales. As the current trends suggests, there is a continuous advancement in levels of theatrical release which are being cast in 3D platforms and thus might help in lifting the market.

While Panasonic has lately shown good results, it has been finding rising rival competition in the consumer electronics market. It is targeting mostly the US market, since that is the key market for the company.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.