Industry News

Shell invests in the Victory gas field in the UK North Sea

Shell U.K. Limited (Shell UK) has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands.

Microsoft and Qcells establish a groundbreaking partnership in the field of solar energy

Microsoft has significantly advanced its commitment to renewable energy on January 9, 2024, through a strategic collaboration with South Korea''s Qcells.

ADC-Focused OnCusp Therapeutics emerges with a significant $100M Series A raise

OnCusp Therapeutics Secures Oversubscribed USD100 Million Series A Financing to Advance Robust Portfolio of Assets for Cancer Patients.

Johnson & Johnson has expanded its antibody-drug conjugate (ADC) pipeline through the strategic acquisition of Ambrx Biopharma

Johnson & Johnson acquires Ambrx for a significant USD2 billion investment, bolstering its cancer drug pipeline.

Roche Holding AG has entered into an agreement with MOMA Therapeutics

Roche Holding AG signs a substantial deal worth over USD2 billion with MOMA Therapeutics for the identification of new targets in cancer research.

Wardwizard Showcases Innovative Electric Vehicle Concepts At The 10th Vibrant Gujarat Global Summit

At the 10th Vibrant Gujarat Global Summit, Wardwizard Innovations & Mobility Ltd., a leading Indian electric vehicle (EV) manufacturer, demonstrated its new concept in advancing the EV landscape.

India has entered into agreements for the exploration of ten oil and gas blocks

India formalized agreements for the exploration of ten oil and gas blocks allocated through the latest Open Acreage Licensing Policy (OALP)-VIII bid round.

LivnSense, Secures $2.75M in “Pre-Series A” Led by Pavestone Technology Fund

LivnSense, the cutting-edge artificial intelligence-driven decarbonization platform, has successfully raised USD2.75 million in a pre-Series A funding round led by Pavestone Technology Fund, a prominent venture capital firm specializing in transformative technologies.

Kuwait Initiates Tender for 1,100 MW Solar Power Plant, Progressing Towards Renewable Energy Targets

The Kuwait Authority for Partnership Projects (KAPP), in conjunction with the Ministry of Electricity & Water & Renewable Energy, initiated the qualification process for companies and consortia interested in participating in a tender.

REC Limited and RVNL have entered into a Memorandum of Understanding (MoU) for a funding commitment of USD 4.20 Billion for infrastructure projects

REC Limited, a Maharatna CPSE (Central Public Sector Enterprise) operating under the Ministry of Power, entered into a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL) to extend financial support of USD 4.20 billion for infrastructure projects over the next five years.

Suplaud introduced Innovative Tankless Reverse Osmosis System for Premium Water Experience

Suplaud introduced its latest breakthrough – the under-sink tankless reverse osmosis system, an advanced water filtration solution that prioritizes water purity and easy installation.

HARTEK Power Private Limited has successfully secured a contract for a 400 KV substation for the 300 MW solar facility of SPRNG Energy

On January 2, 2024, Hartek Power Private Limited, the power system and transmission & distribution (T&D) division of the renowned Hartek Group, a leading provider of engineering, procurement, and construction (EPC) solutions, proudly announced the successful completion of a substantial contract fro

TK Elevators launched ‘enta villa’, a luxury compact elevator

TK Elevator, a leading global player in the elevator industry, unveiled its innovative home elevator concept, ''enta villa.''

Gensol Engineering won a USD 16.69 million Solar Power project from Sarda Energy in Chhattisgarh

Gensol Engineering Ltd., a provider of renewable energy project development services, secured a contract from Sarda Energy & Minerals Ltd. (SEML) for a 33 MW AC solar power project in Chhattisgarh.

Nona Biosciences collaborated with Evive Biotech to accelerate Antibody Discovery

Nona Biosciences reveals a partnership with Evive Biotech aimed at speeding up antibody discovery.

Godrej Consumers Launches New Liquid Detergent Brand

Four decades after launching Godrej Ezee, the first liquid detergent designed for winter wear and woolens, in 1983, Godrej Consumer Products has introduced a new brand of liquid detergent in South India called Godrej Fab, in December 2023, in the states of Tamil Nadu, Andhra Pradesh, Karnataka, and

Government is considering a prolonged exemption for green hydrogen projects from the list of approved manufacturers for solar panels

the Ministry of New and Renewable Energy (MNRE), a pivotal player in the Indian government''s efforts to achieve decarbonization goals, has proposed granting an exemption to green hydrogen developers, allowing them to import solar PV modules and wind turbine s from China, bypassing the list of auth

USDA is Now Accepting Applications for Farm Loans Online

United States Department of Agriculture (USDA) unveiled an online application for Direct Loan customers. The online, interactive, guided application that is paperless and offers useful features like an electronic signature option, the capacity to attach supporting documents like tax returns, the ab

India''s Initiative Towards Consensus-Based Declaration on AI Governance

In a move towards global cooperation and standardized governance in the realm of Artificial Intelligence (AI), India has announced its commitment to working with other countries to formulate a consensus-based declaration on AI governance.

FDA Approves First Gene Therapies to Treat Patients with Sickle Cell Disease

The U.S. Food and Drug Administration has granted authorization for the use of Casgevy and Lyfgenia in the therapeutic management of sickle cell disease.