कोशिश गोल्ड - मुक्त

Govt plans to sync warranty with device installation date

Mint Mumbai

|

May 16, 2025

Currently, the warranty period begins on the purchase date, reducing its effective duration

- Dhirendra Kumar

Govt plans to sync warranty with device installation date

You buy an air conditioner during a festive sale, but weeks later, when it's finally installed, you realize the warranty clock started ticking from the purchase date. The consumer affairs ministry wants to change that by extending the warranty period for such electronics bought as gifts or during off-season sales, but only if they're installed by authorized service centres within a set window, according to two people aware of the matter.

The proposal, currently under discussion between the consumer affairs ministry and electronics manufacturers, aims to address a common grievance faced by buyers of high-value appliances requiring installation, such as air conditioners, washing machines, and refrigerators.

"It also seeks to address the concerns of consumers who install these products at a different location from where they were purchased or delivered," said one of the people.

Mint Mumbai से और कहानियाँ

Mint Mumbai

No silver bullet

Is silver set to emerge from the shadow of gold as a precious metal? Although its price fell about 2% on Tuesday, it has been enjoying a bull run that makes this dip seem more like a pause for breath than the start of a correction.

time to read

1 min

December 03, 2025

Mint Mumbai

Profits, credit lift fundraising by corporates

Corporate fundraising activity saw a significant revival in the September 2025 quarter.

time to read

2 mins

December 03, 2025

Mint Mumbai

MAKING SENSE OF IMF RATING AND GDP DATA

India's Q2 growth surpassed expectations, but the IMF rated GDP data quality a 'C'. While India is addressing many of the issues, it's a reminder that the country cannot afford long gaps in statistical improvements.

time to read

4 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Chinese rare-earth dealers are dodging Beijing’s export curbs

Chinese rare-earth magnet companies are finding workarounds to their government's onerous export restrictions, as they seek to keep sales flowing to Western buyers without falling afoul of Chinese authorities.

time to read

4 mins

December 03, 2025

Mint Mumbai

Lenskart tops Nykaa on margins

In Lenskart Solutions Ltd's first results post-listing, investor focus should be on the comparison of pro forma financials.

time to read

2 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

State-owned banks flag deposit rate woes on policy eve

State-owned lenders have alerted the banking regulator that their inability to cut deposit rates as fast as loan rates is taking a toll on interest margins, three people familiar with the development said.

time to read

3 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

India’s battery dreams trip on visa hurdles for Chinese pros

Problems in renewal of visas for Chinese technicians have slowed the pace of buildout of India’s lithium-ion battery manufacturing factories for electric vehicles and energy storage, according to two people aware of the matter.

time to read

2 mins

December 03, 2025

Mint Mumbai

All eyes on RBI as fresh fall brings rupee closer to 90

The Indian rupee came within kissing distance of 90 to a dollar on Tuesday before likely central bank intervention rescued it from the brink, but not before it touched a new all-time low.

time to read

3 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Samsung debuts 1st trifold smartphone

Samsung Electronics Co. unveiled its first so-called trifold smartphone, flaunting its engineering prowess in foldable devices even as the broader category has yet to catch on with consumers.

time to read

2 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Meesho under fire from investors over SBI Funds allotment

Meesho Ltd's anchor book faced a setback after several major investors pulled out when the Indian e-commerce firm was said to have allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt,, the country’s largest asset manager, according to people familiar with the matter.

time to read

1 mins

December 03, 2025

Listen

Translate

Share

-
+

Change font size