News India Times

www.newsindiatimes.com – that’s all you need to know Sports LG Electronics Aims To Make India Its Global Manufacturing Hub With Local Unit’s Listing L G Electronics is looking to make India its global manufacturing hub, an executive of its Indian unit said onWednesday, as the appliance maker revives its long-delayed listing in the country and targets a valuation of $8.73 billion. LG Electronics India [LGEL.NS ], which has invested $600 million in its upcoming factory in Andhra Pradesh state, will open its 116 billion rupees ($1.3 billion) initial public offering on October 7 for retail investors. Large anchor investors can place their bids a day earlier, it said. The unit has set a price band of 1,080 to 1,140 rupees per share for its IPO, which is an offer-for-sale where the parent company is offloading a 15% stake. LG favours India as a manufacturing hub for its com- petitive labour costs and strong domestic demand, Chief Sales Officer Sanjay Chitkara said. The upcoming factory – the company’s third in the country – would play a key role in opening newer mar- kets, such as Europe, in addition to the 47 countries LG already ships goods to, Chitkara said. The company, which is India’s second-largest appli- ance maker, currently exports goods worth $160 million, or 6% of its overall revenue. LG competes withWhirlpool and Samsung in the do- mestic market, which was worth $38.2 billion as of 2024. It sells products such as refrigerators, washing machines and televisions. LG Electronics aims to expand its premium offerings and scale into smaller cities to boost growth, Chitkara said. Having initially filed for an IPO last December, LG Electronics India had planned for a listing by May but delayed the share sale citing market volatility. It now joins South Korean firm Hyundai Motor Co and U.S.-based office space providerWeWork in listing its Indian units in a market that “offers high valuations be- cause of the abundant domestic money supply,” accord- ing to Emkay Global Financial Services’ Yatin Singh. The IPO also comes at a time when India has lowered consumption taxes on several goods, including electron- ics, to 18% from 28% to spur demand during the lucrative festive season. Together with non-bank lender Tata Capital’s $1.75 bil- lion issue – the country’s largest this year – these IPOs will kick off a busy third quarter for India’s primary markets, potentially fetching $8 billion in proceeds. Companies in India have raised about 909.8 billion rupees through IPOs, as of September 30, up 18% from the same period a year ago, according to data compiled by LSEG. -Reuters By Dhwani Pandya and Nandan Mandayam PHOTO:REUTERS/FRANCIS MASCARENHAS Dongmyung Seo, Chief Financial Officer of LG Electronics India Limited and Hong Ju Jeon, Managing Director of LG Electronics India Limited, pose for pictures during a press conference announcing the company’s Initial Public Offering (IPO), in Mumbai, India, October 1, 2025. Cricket-India Back In Test Mode As Depleted West Indies Seek Turnaround I ndia will switch back to test cricket mode, after a dra- matic Asia Cup Twenty20 triumph ended in bizarre circumstances, when they take on a depletedWest Indies side in the opening match of their two-test series starting on Thursday. India say they were denied the chance to lift the Asia Cup trophy after it was removed from the presenta- tion ceremony over their refusal to accept it from Asian Cricket Council chairman and Pakistan Interior Minister Mohsin Naqvi on Sunday. The players, however, are keen to put that distraction aside when they don the whites for the longer format ahead of the opening match in Ahmedabad, where Shub- man Gill’s side will look to deliver a further blow toWest Indies. “It was a quick turnaround … switching formats is more mental than it is about technique,” Gill told a press conference onWednesday in Ahmedabad, where the first test will be played, with the second match scheduled for Delhi from October 10. “I think the fatigue is more mental for a batsman. It’s a little different for a bowler. As of now, I feel fresh and my body is ready,” said the top order batter. WEST INDIES LOOK TO “TRANSFORM FORTUNES” The tourists are already without injured fast bowlers Shamar Joseph and Alzarri Joseph. Shamar Joseph was the highest wicket-taker in their last test series, taking 22 wickets asWest Indies were whitewashed 3-0 at home by Australia in June-July. West Indies also suffered an upset in associate nation Nepal earlier this week as the hosts beat them 2-1 in a T20 series. Batter Tagenarine Chanderpaul, son of former captain Shivnarine Chanderpaul, is in line to play in his first test match since January 2024 and middle-order batsman Alick Athanaze has also been recalled to the squad. “The return of Tagenarine Chanderpaul is to help transform our fortunes at the top of the order given the recent struggles, with Alick Athanaze being added for his strengths and qualities against spin bowling,”West Indies coach Darren Sammy said in a statement on Tuesday. Khary Pierre, who has representedWest Indies in limited-overs cricket, has been picked as the second specialist spinner in the squad, while Gudakesh Motie has been rested. “Playing in the subcontinent always presents a chal- lenge and we have selected a team to be competitive in these conditions,” Sammy added. India, who are playing their first test at home since last year’s 3-0 series defeat by New Zealand, will be prepared for a tough outing, Gill said. “All the test matches we played in England went pretty deep …what the people can expect from us is good, hard, grinding cricket. We wouldn’t be looking for any (easy ways out),” he added.. -Reuters PHOTOS:REUTERS/RaghedWaked/File Photo Cricket – Asia Cup – Final – India v Pakistan – Dubai Interna- tional Cricket Stadium, Dubai, United Arab Emirates – September 28, 2025 India’s Shubman Gill in action. Cricket – Asia Cup – Final – India v Pakistan – Dubai International Cricket Stadium, Dubai, United Arab Emirates – September 28, 2025 India’s Shubman Gill, Abhishek Sharma, head coach Gautam Gambhir, Batting Coach Sitanshu Kotak and Varun Chakravarthy celebrate after winning the Asia Cup. News India Times (October 4, 2025 - October 10, 2025) October 10, 2025 26 India