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November 2021

Finance

White good industry stocks – Who are the leading companies in India?

White good industry stocks refer to the stocks that are a part of the industry that sells heavy consumer durables such as washing machines, refrigerators, air conditioners, etc. These goods are called white goods because traditionally, they were sold in the colour white. However, these days, they are available in the market in varied colour choices.

Recently, as many as 52 white goods companies submitted their proposals to the central government to invest around Rs. 6,000 crore under the Production-Linked Incentive (PLI) scheme for white goods. Thus, it is relatively a good time to consider these white goods stocks for investment.

Top 6 consumer durable companies in India

Following are the key players in the white goods industry in India, known for their brand value. You can consider investing in them to increase the worth of your portfolio –

  • Whirlpool Corporation

Whirlpool Corporation is a multinational home appliances manufacturer headquartered in the United States. Under its strategy of a global approach, Whirlpool forayed into India in the 1980s with a joint venture with the TVS Group. The large cap company is currently one of the major manufacturers and marketers of home appliances in India.

  • IFB Industries

Originally called the Indian Fine Blanks Limited, IFB set its foot in India in 1974 with a collaboration with a Swiss company. The company maintains an extensive product portfolio which includes chimneys, washing machines, dishwashers, ovens, etc. A lot of India’s firsts have been introduced by IFB, such as the first dishwasher, clothes dryer, front load washing machine, etc.

  • Blue Star

It’s a well-known name in the air conditioners and refrigerators manufacturing domain. For more than half of a century, this mid-cap company has been an exclusive distributor of most of the internationally known manufacturers of industrial products and hi-tech electronic equipment in India.

  • Johnson Control

The company creates intelligent buildings, integrated infrastructure, efficient energy solutions to help build smart cities and communities. With a wide range of products in its portfolio and depth of innovation experience, it has been growing globally since 1885.

  • Symphony

Symphony is an Indian multinational company present in over 60 countries. It is one of the world’s largest manufacturers of air coolers. It maintains a sustainable competitive advantage over other competitors in the market with 15 copyrights, 48 patents, 64 registered designs, and 201 trademarks.

  • LEEL

LEEL is the largest producer of heat exchangers in the Indian HVAC & R industry. The company also has a client base in North America, the Middle East, Europe, and Australia.

Conclusion

With advancements in technologies and infrastructure, white goods industry stocks are poised to register good returns in the future. For guidance and expert advice on these stocks and other investment products, you can reach out to a financial expert. They could help you achieve your dream of wealth creation by making you invest at the right place at the right time.

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Business

Corporate Governance: Balancing Power and Responsibility

Corporate governance plays a pivotal role in shaping the trajectory of businesses, influencing decisions that impact not only the organization but also its stakeholders. It is a framework that seeks to strike a delicate equilibrium between the power vested in the hands of corporate leaders and the responsibility they bear towards shareholders, employees, and the broader community. In this article, we delve into the nuances of corporate governance, unraveling its importance and the mechanisms employed to maintain this delicate balance.

Understanding Corporate Governance

At its core, corporate governance refers to the system by which companies are directed and controlled. It encompasses a set of practices, policies, and procedures designed to ensure that a company operates ethically, responsibly, and in the best interest of all its stakeholders. Key elements of corporate governance include transparency, accountability, fairness, and a commitment to corporate social responsibility.

The Importance of Balancing Power

One of the primary challenges in corporate governance lies in balancing the distribution of power within an organization. While executives and board members wield significant influence, it is essential to prevent the concentration of power that may lead to decisions benefiting a select few at the expense of others. Striking a balance ensures that decision-making is democratic, inclusive, and considers the long-term interests of all stakeholders.

Ensuring Accountability Through Checks and Balances

To maintain a healthy balance of power, corporate governance relies on a system of checks and balances. This involves the establishment of independent boards and committees that scrutinize the decisions made by executives. These entities act as a safeguard, ensuring that leaders are held accountable for their actions and that decisions align with the company’s overarching goals.

Transparency as a Pillar of Corporate Governance

Transparency is a cornerstone of effective corporate governance. Open communication channels and the disclosure of pertinent information to shareholders and the public foster trust and confidence. By providing a clear view into the decision-making processes and financial health of the company, transparency contributes to a more accountable and responsible corporate culture.

Corporate Social Responsibility (CSR) as a Guiding Principle

In the quest for balanced corporate governance, the concept of Corporate Social Responsibility (CSR) emerges as a guiding principle. Beyond profit-making, companies are expected to consider the broader impact of their operations on society and the environment. Integrating CSR into the governance framework ensures that organizations take responsibility for their actions and actively contribute to the well-being of the communities they operate in.

Conclusion: Striking the Balance

In conclusion, achieving a harmonious balance between power and responsibility is the essence of effective corporate governance. By embracing transparency, accountability, and a commitment to CSR, companies can navigate the complex landscape of modern business while ensuring that their decisions benefit not only the bottom line but also the diverse array of stakeholders that contribute to their success. As the corporate landscape evolves, the pursuit of this delicate equilibrium remains crucial for sustainable and ethical business practices.

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