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Panasonic launches seven air purifiers in India

Panasonic air purifier launch

Mr. Syed Moonis Alvi, General Manager – Purifier Business, Panasonic India

This Diwali was a wakeup call for many Indians, especially in cities like New Delhi.

Air pollution has suddenly become one of the biggest public health issues in the country and the governments are doing little to solve the problem. Forced to take on the problem alone, the consumers have ended up becoming dependent on the stop-gap arrangements like air purifiers, making it a lucrative product category for the consumer technology companies.

To tap the growing segment, Panasonic has expanded its air purifier portfolio in the market with the introduction of seven new models. Priced starting INR 11,995, the air cleaners come equipped with the technology to filter out PM 2.5 particles, which are considered most harmful to the human body as our body’s natural filters are not able to stop them.

According to the official press release, Panasonic’s new air filters can cater to room sizes from 283 sq. ft. to 452 sq. ft. The purifiers also come with house-dust catcher, which helps in eliminating hair, fine dust particles, germs and mold.

Other Salient details about the launch:

  • Available with two types of air-filters – HEPA Composite and Composite Air Filter
  • Composite Air Filter can inhibit 17 kinds of virus, bacteria and allergens up to 99%.
  • HEPA Composite Air Filter can remove 99.7% particles from the air
  • Air filters have a life of 10 years

Pricing and models

  • F-PBJ30ADD [Orange] – INR 11,995
  • F-PXJ30AAD [Turquoise] – INR 16,995
  • F-PXM35ASD [Silver] – INR 20,995
  • F-PXM35AAD [Flower] – INR 21,995
  • F-VXM35AAD [L-Blue] – INR 27,995
  • F-PXM55AND [C-Gold] – INR 34,995
  •  F-PXM55AAD [O-Blue] – INR 33,995

More details at the Panasonic website.

Sony HQ

Sony selling NY headquarters building, will rent the space now

Sony HQSony has announced that it is selling its U.S. headquarters building, located at 550 Madison Avenue in New York City for $1.1 billion. A consortium led by NY-based The Chetrit Group will now own the building, although the offices of Sony and its subsidiaries will continue in the building for the next three years under a leaseback arrangement with the purchaser.

After all the settlements, the deal is expected to bring in net cash of about $770 million ($685 million would be recorded as operating income).

This move does not come as a surprise considering the Japanese manufacturer continues with its drive to cut costs and bring in extra cash.

“Sony is undertaking a range of initiatives to strengthen its financial foundation and business competitiveness and for future growth. At the same time, Sony is balancing cash inflows and outflows while working to improve its cash flow by carefully selecting investments, selling assets and strengthening control of working capital such as inventory. This sale is made as a part of such initiatives,” Sony noted in a press release.

Reuters add that Sony has also put one of its main buildings in central Tokyo up for sale and it could raise as much as 100 billion yen ($1.14 billion). Company also seems to be considering sale of its battery business.

Image Credit: David Shankbone