Page 3 - Sony India

Sony launches athletes-focused Float Run headphones in India: Details here

The Float Run headphones are now available at Sony Center website and other e-commerce platforms at Rs 10,990

Zee Entertainment seeks deadline extension for finalising Sony merger deal

While the merger between the two companies received the requisite approvals, differences cropped up over who would helm as the chief executive officer of the merged entity

NCLAT refuses to stay Zee-Sony merger, case to be heard on January 8

Tribunal agrees to hear appeal against it on Jan 8

Sony confident for double-digit growth in India, helped by premiumisation

Consumer electronics maker Sony India expects a 15-20 per cent growth in this fiscal with the trend of premiumisation in the Indian TV and audio market helping it make a turnaround, a top company official said. The company's premium television category comprising screen size of 55 inches and above along with audio products would be the "key growth drivers" for Sony India, as the trend of premium products has evolved in the country, Sony India Managing Director Sunil Nayyar said. "FY24 is also looking very promising. We are looking forward to a growth of 15 to 20 per cent (by value) as an overall company and of course, needless to say, profitability is also going to be good," Nayyar told PTI. Sony India, a wholly owned subsidiary of Japan's tech major Sony Corporation, had recently in a RoC filing reported a 31.8 per cent increase in profit for 2022-23 and its revenue from operations was up 23.1 per cent to Rs 6,353.74 crore. Earlier Sony India was struggling with a fall in revenue

Sony India posts 32% increase in profit to Rs 136.7 crore in 2022-23

Consumer electronic maker Sony India's profit for 2022-23 increased 31.8 per cent to Rs 136.7 crore and its revenue from operations increased 23.1 per cent to Rs 6,353.74 crore, according to financial data accessed by the business intelligence platform Tofler. Sony India, a wholly owned subsidiary of Japan's tech major Sony Corporation, had logged a profit of Rs 103.71 crore for the financial year that ended on March 31, 2022, while its revenue from operations stood at Rs 5,161.23 crore. Commenting on the performance, Sony India Managing Director Sunil Nayyar told PTI, "this is led by premiumisation" in its offerings. "Now FY24 is also looking very promising and we are looking forward to 15-20 per cent value growth and profitability is also going to be good," he said, adding the premium TV sets over 55 inches and above would be the "growth drivers". Sony India was witnessing a fall in revenue after its parent firm exited the mobile phone and laptop business. At its peak, Sony India

Sony to integrate in-camera authentication into Xperia smartphones: Report

Sony has confirmed that this feature will be released as a firmware update for the upcoming Alpha 9 III, Alpha 1, and Alpha 7S III mirrorless cameras

Sony is testing in-camera authentication to validate original content

The feature will safeguard the authenticity of captured images and provide an extra layer of security to aid news agencies

Zee-Sony India merger talks stall over disagreement on leadership: Report

A failure to reach an agreement on leadership by December 21 may derail the merger, a news report said.

Zee-Sony merger: NCLAT chairperson-led bench to hear appeals by Axis, IDBI

Appeals filed by Axis Finance and IDBI Bank against the merger of Zee Entertainment and Culver Max Entertainment, formerly Sony Pictures Networks India, before the appellate tribunal NCLAT, would now be heard by a bench presided by its chairperson. On Tuesday, the petitions filed by Axis Finance and IDBI Bank came up for hearing before a bench comprising Justices Anant Bijay Singh and Arun Baroka. However, it transferred both the petitions to the chairperson's bench. The bench opined that since the chairperson-led bench is already hearing an insolvency appeal filed by IDBI Bank against Zee Entertainment Enterprises Limited (ZEEL), it would be appropriate for the same bench to hear these petitions also. Earlier, both the petitions were listed before an NCLAT bench comprising Justices Rakesh Kumar and Alok Srivastava. Justice Rakesh Kumar resigned on Monday following contempt of court proceedings initiated against him by the Supreme Court in the Finolex matter. After this, the petit

Zee-Sony merger: NCLAT adjourns hearing over Axis Finance plea to Friday

The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, which has also challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT) approving the merger. Counsel appearing for Axis Finance requested the tribunal to adjourn the matter to Friday when it will hear the same petition filed by IDBI Bank. During the proceedings, senior advocates Mukul Rohatgi and Arun Kathpalia - both representing ZEEL questioned the locus standi of Axis Finance to file such a petition and opposed passing any order. They also objected to the adjournment as IDBI's case arose out of a different set of facts, however, the appellate tribunal deferred the hearing of the case .

Sony WF-1000XM5 review: Feature-packed ANC earbuds good for music and calls

Sony WF-1000XM5 offer more features when paired with Android smartphones than with iPhones, but the headline features are available regardless of the device platform you pair them with

Sony launches WF-1000XM5 wireless earbuds in India at Rs 24,990: Details

Priced at Rs 24,990, the Sony WF-1000XM5 wireless earbuds are available for pre-booking with introductory offers that includes a cashback of Rs 3,000

Sony launches Bravia XR Master Series A95L OLED TV in India: Price, specs

Offered in 55-inch and 65-inch display sizes, the Bravia XR Master Series A95L OLED TV boasts Sony Cognitive Processor XR, 4K upscaling, auto HDR, ambient optimisation, variable refresh rate, and ALLM

NCLT's nod to ZEE-Sony India merger will trigger stock re-rating: Analysts

Shares of Zee Entertainment Enterprises soared as much as 20 per cent on the BSE in Thursday's intra-day trade after the National Company Law Tribunal approved the company's merger with Sony India

NCLT approves Zee Entertainment-Sony India merger, dismisses all objections

In December 2021, Zee Entertainment and Sony Pictures reached an agreement to combine their businesses, and both companies approached the tribunal to seek approval for the merger

Independence Day sale: Sony India announces deal and offers on TVs and more

The offers start from August 4 and are valid until August 16. The offers can be availed via both online and offline channels

Sony plans to double down on rising demand, make audio devices in India

Sony has registered a rise in demand for premium audio products post-pandemic, which has helped the company expand its range

Sony India aims 40% growth in audio business in FY24 as demand rises

Sony India is aiming 40 per cent growth in its audio business in the current fiscal, led by rising demand for premium products in the segment, its Managing Director Sunil Nayyar said on Thursday. The company is expecting a "promising" growth in some of the segments as soundbars and personal audio products like earphones and headphones continue its lead, outpacing the market growth rate. Sony India, which aims to be the dominant premium audio brand here, gets around 20 per cent of its sales revenue from the audio business and expects its contribution to become higher in the coming years. "Audio business is very promising in India and the premium market (in the segment) is growing and the growth rate is high. This composition will continue to increase every year," Nayyar told PTI. He further said:" The growth of the audio might outpace the growth of other categories." The company logged 21 per cent growth in the audio business in the last fiscal. The audio business includes soundbar

NCLT reserves order in Zee Entertainment, Sony India merger case

The NCLT approval is an important legal milestone for the merger scheme to come into effect

Sony launches WF-C700N wireless earbuds at Rs 9k, sale starts from July 15

The Sony WF-C700N supports a multipoint connection feature, which allows it to be paired with two Bluetooth devices at the same time