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Share Market Highlights 27 July 2023: Sensex falls 440 points, Nifty tests 19,650 on July contracts expiry; Cipla spurts nearly 10%

Share Market Highlights 27 July 2023: Sensex falls 440 points, Nifty tests 19,650 on July contracts expiry; Cipla spurts nearly 10%
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Hitachi loses position among top-three selling air conditioner brands

From 2020-21, Johnson Controls-Hitachi Air Conditioning India has seen its profits shrink year-on-year and the firm went into losses in 2022-23

Hitachi losing cooling effect, no more among Top 3 brands

Hitachi, a Tokyo-headquartered company, has fallen from a top-three brand in the Indian air-conditioner industry to seventh place. The brand s volume and market share in India were cut in half in April compared to figures from the pre-pandemic 2019-20. Johnson Controls-Hitachi Air Conditioning India has been declining in profitability and fell into losses in 2022-23 compared to previous years.

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