Industry News

Volvo Announces Ambitious Hybrid/Electric Vehicle Plan for 2019

Pivot towards clean fuel by India and China can potentially turn out to be a gamechanger for Volvo, which has promised to switch completely to hybrid and electric vehicles by 2019

Samsung Rides High on Record Q2 Profits. Set to Overtake Intel as Number 1 Chipmaker

Growing evidence of a memory chip industry super-cycle and the company’s market positioning, Samsung’s record Q2 profits should send alarm bells ringing for fellow competitors

Manufacturing Outperforms and Services Underperform as China Gets June Economic Report

Manufacturing outperformed expectations while services underperformed industry expectations. However, a slowing Chinese economy is finding it hard to balance risk and growth as it struggles to reinvent itself in an increasingly isolationist world.

Ripple Blockchain Technology Set to Revolutionize Saudi Arabian Banking Sector

San Francisco start-up Ripple is revolutionizing the banking sector with its blockchain technology which make payment transfers quicker and cheaper. Successful trials at banks such as BBVA and SCB have thrown a spotlight on the hottest global trend in the world of fintech

Walgreens-Rite Aid Merger Off the Table. Walgreens to Instead Purchase 2200 Rite Aid Stores

Given concerns with anti-trust issues, Rite Aid and Walgreens have decided to call of their merger. Walgreens is expected to buy 2,200 Rite Aid stores instead, keeping in mind a muscular and expansionist Amazon which is said to be looking into entering the pharmacy chain market.

Kia, PSA and SAIC Motor Companies Set to Make in India

As income levels rise and doing business becomes easier, more companies are looking to set up manufacturing bases in India to cater to a robust indigenous market for passenger vehicles

Consumer Durables May be Hard Hit by GST but Companies See Plenty of Positives

Consumer durables sector is rather gloomy about not getting its preferred 18% tax brackets, industry insiders are not too ruffled about the high tax rate, expecting the GST to make up for lost earnings by streamlining the tax collection process

ChemChina Acquires Syngenta for $43 Billion

The acquisition of Syngenta by ChemChina will quite possibly end up being a marriage of convenience, with the Chinese market hungry for innovative agricultural technology providing enough room for Syngenta to grow into the world’s biggest biotech company

Will IT Industry Sink or Swim Post GST? An Analysis of the Sector’s Major GST Talking Points

While tax incidence is set to decline, ease of doing business may suffer slightly. TechSci experts analyse the outcome and impact of GST on the Indian IT industry

GST to Prove a Challenge for Oil & Gas Sector in the Short Run

Dual compliance and confusion over input tax credit redemption are key challenges that still remain in the hydrocarbon sector. It remains to be see whether the world’s 3rd largest oil consumer can ensure smooth GST implementation in this key sector

How Dilution of the Clean Water Act May Affect Treatment Chemicals Market in America

The Clean Water Act of 1972 has done a remarkable job in maintaining water standards in the US. However, a dilution in the amendment would lead to lower quality standards and lax enforcement, thus affecting major treatment chemical companies

A Bearish Oil Market Leaves OPEC at Uncertain Crossroads

Crude oil prices are currently hovering on $ 42 per barrel, on track for their worst first-half show since 1997. TechSci explores one of the major reasons for this decline: the burgeoning shale oil industry

Malabar Gold Plan on Windfall Gains Post-GST, to Open 80 New Outlets

Expecting a favourable post-GST clime for gold industry, Malabar Gold is planning on investing Rs. 2,000 crores in 80 new stores to try and gain an early advantage over competitors like Tanishq and Kalyan Jewellers

Pirelli and Renault to Collaborate on INFINITI’s Q60 Project Black S

Italian tire maker Pirelli is expected to custom built tires for the well liked INFINITI Q60’s Project Black S version

Adani Ports gets rating upgrade, with better outlook

Global ratings agency S&P revised outlook on Adani Ports from a negative to stable. Will it be a boost for India port infrastructure?

Michelin acquires fleet telematics major NexTraq

French tire manufacturer Michelin’s acquisition of NexTraq shows that the future of competition in the global tire market will be digital in nature

Amazon-Whole Foods Deal Sends Shockwaves Throughout Global Organic Food Industry

The acquisition of Whole Foods by Amazon has shifted the dynamic of the organic food industry, putting even more pressure on ailing retailers such as Walmart while adding more capital assets and broadening its net margins

As Interest in Solar Grows, Strong Fight Anticipated Between Chinese Companies and the Rest Over PV Module Industry

Photovoltaic (PV) modules, the humble solar cells are caught in a tug of war between different countries as cheap and relatively reliable Chinese imports make indigenous production and supply of PV cells very difficult

India Set to Emerge as a Gaming Market Giant

Rising internet penetration, cheaper smartphones and free or cheap games are opening up new avenues for non-traditional gamers.

US Fed Hike and What it Means for India

With a hike in interest rates by the Federal Reserve, we examine how these developments impact Indian equities and and the USD-INR exchange rate