Industry News

GM Forays into Peer-To-Peer Car Sharing Service with Maven

General Motors has announced its plans of launching a peer-to-peer car rental through Maven, the company’s car sharing app. The customers can rent their own cars through the app at their own rental price while GM will provide insurance.

DuPont Expands Solar Products Portfolio

DuPont Photovoltaic Solutions recently presented its wide range of innovative materials at the SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont is aiming to introduce high-efficiency, high-reliability material solutions for the photovoltaic market.

Oxea to Increase Supply of Carboxylic Acid

Oxea is all set to increase the supply of carboxylic acid in the short to medium term to meet growing global demand. The chemical manufacturer is evaluating various strategies for production sites globally.

Michelin to Strengthen Specialty Business, Acquires Camso For USD 1.45 Billion

Michelin is all set to acquire Camso in an attempt to strengthen its specialty business for USD 1.45 Billion. The off-road operations likely to be combined and run from Camso’s headquarters in Magog, Quebec. United States: French tire-maker Michelin is strengthening its specialty business with a USD 1.45 Billion deal to acquire Camso, a Canadian producer of rubber tracks for farm equipment and snowmobiles.

Volvo to launch car-sharing mobility brand ‘M’

Volvo is all set to launch launching a full-fledged mobility service ‘M’ to compete with Volkswagen’s Moia. M is likely to be app-based and will be launched in Sweden and the United States by 2019.

Baidu to Start Producing Apolong, the Autonomous 14-Seater Bus

The Chinese internet services giant, Baidu has declared that it has started mass production of Apolong which is being touted as China's first L4 fully autonomous 14-seater bus. Apolong is developed in partnership with King Long and is being powered by Baidu's Apollo autonomous driving open platfo

Cisco to buy July Systems to strengthen its enterprise Wi-Fi platform

Cisco likely to acquire July Systems, a mobile application platform provider for strengthening its enterprise Wi-Fi platform to enable better indoor location services capabilities.

Broadcom to acquire CA Technologies for USD 18.9 billion

Broadcom is planning to acquire the enterprise technology company for USD 18.9 billion. The acquisition is being termed as a strategic gain for Broadcom who aims to acquire critical technology businesses to become one of the largest chipmakers in the world.

Suzuki Motorcycle to Bring Electric Two-Wheelers to India by 2020

Suzuki Motorcycle India, the subsidiary of Japanese automaker Suzuki Motor Corp, is anticipated to launch electric two-wheelers in the Indian market by 2020. Suzuki, along with Denso and Toshiba, is likely to investing Rs 1,700 crore in setting up a battery-making facility in Gujarat.

Instagram to Directly Compete with YouTube, Launches IGTV

To accommodate new longer-form videos from content creators as well as users, Instagram has launching IGTV which can be used from button inside the Instagram home screen, as well as a standalone app. IGTV is Instagram’s attempt to compete with YouTube.

Google Brain Team’s Tool to Predict Patient Mortality

The Google Brain team uses artificial intelligence to predict the death risk among hospital patients. The neural network collects information for predictions, as well as links back the predictions to the records from which it draws conclusions.

Arkema to increase specialty polyamide powder capacities in France

Arkema, the chemicals and specialty materials giant, is all set to boost the production of specialty polyamide powders at its Mont, France manufacturing plant by more than 50%. The company is investing EUR 20 Million in the capacity expansion effort.

PepsiCo to Expand its Snacks menu, acquires Bare Snacks

PepsiCo, Inc. to enter a definitive agreement to acquire Bare Foods Co, a U.S.-based maker of baked fruit and vegetable snacks. The transaction is aimed at diversifying PepsiCo’s snacking portfolio to offer consumers more positive nutrition options.

Capgemini to Expand its Cyber Security arm, Acquires Leidos Cyber

Capgemini is gearing up to acquire Leidos Cyber, the commercial cybersecurity arm of Leidos. Capgemini believes the acquisition, slated to be closed by the end of 2018 will enable the company to expand its capabilities to North America for meeting the growing demand of cybersecurity services.

Entegris set to overtake SAES’s Pure Gas business

Entegris, Inc., is all set to acquire SAES Pure Gas business from SAES Getters S.p.A. As per the agreement, Entegris will purchase the shares and assets for approximately USD 355 Million.

Bayer to closing Monsanto acquisition on June 7

Bayer is all set to complete the acquisition of Monsanto on June 7, after receiving the required approvals from regulatory authorities. The deal is expected to double the share of Bayer’s agriculture business.

Huntsman to build new polyurethanes systems facility in Dubai

Huntsman Corp. is likely to build a new polyurethanes systems facility in Dubai. The facility, located within the Jebel Ali Free Trade Zone, is likely to strengthen Huntsman’s distinguished downstream capabilities in the Middle East and is anticipated to finish the end of 2019.

No Customs Duty for Imported solar equipment

The Central Board of Indirect Taxes and Customs (CBITC) has made it clear that the bulk of imported solar panels and modules will not attract customs duty as 90% of panels used in Indian solar projects are imported.

Adobe acquires Magento to go B2B2C for USD 1.65 Billion

Adobe reported that it has gone into an agreement to acquire Magento Commerce, a market-leading e-commerce platform, for $1.68 billion. The expansion of the Magento Commerce Cloud will empower business to be consistently incorporated into the Adobe Experience Cloud, conveying a single stage that se

Samsung expands AI Capabilities, Opens AI Centers in the U.K.

Samsung is all set to open three new AI centers in the United Kingdom, Canada and Russia to strengthen its AI capabilities. The technology giant already has two established Centers in Seoul and Silicon Valley.