Industry News

Apollo to Expand its Tire Portfolio by setting a Plant in Hungary

Apollo to setup Europe’s largest greenfield plant to produce tire for passenger cars and heavy commercial vehicles tires in Hungary.

Microsoft Launches First Cybersecurity Unit in India

Capital infusion for Microsoft’s first cybersecurity unit through public private partnership(PPP)

NTPC Looking to Cross 50 GW Installed Capacity by March,2017

Various projects with a total capacity of around 24,000 MW are under implementation at 23 locations in the country, thereby creating the demand for power & distribution transformer in the country.

Goodyear Launches SUV-Specific Tire in Malaysia

US based tire maker Goodyear launched SUV-Specific tire “Wrangler TripleMax” in Malaysia

Braskem Commissions New UHMWPE Plant in Texas

Braskem has announced the commissioning of a new Ultrahigh Molecular Weight Polyethylene (UHMWPE) Plant in La Porte, Texas.

Parag Milk Foods Plans to Open 120 Gowardhan Shopees by March Next Year

Parag Milk Foods, a renowned Dairy company to invest on opening of 120 to 150 Gowardhan shops by March 2017

Government of India Pushes Expedite NOC for Leh Transmission Line

PMO urges Defence and Power Ministry to immediately resolve issue of NOC required for Srinagar-Leh transmission line

Mahindra Group to Deploy Sensors in its Tractors and Trucks using Internet of Things

The company intends on implementation of sensors in its automobiles to detect which part is going to fail

Volvo Plans to Develop Medium Duty Trucks for Global Markets

The Swedish multinational is in talks with Indian R&D team to produce new vehicle globally

Wipro Plans to Buy Appirio Cloud Services

The company intends to buy Appirio, a US based IT consulting firm to transfer its software applications on the cloud.

Limited Heating Demand Due to Warm Weather Has Resulted in Falling Natural Gas Price

Falling prices of natural gas globally, is expected to drive the market of Liquefied Natural Gas in India

Patanjali Would Start to Use Artificial Insemination for Producing Female Calves

Baba Ramdev's Patanjali plans to use artificial insemination to produce 92 per cent female calves

Xylem Inc. to Set Up New Pump and Rental Business in Dubai

Xylem has announced to set up a new pump rental and service hub in Jebel Ali, Dubai in order to cater the escalating demand from construction and infrastructure industry across Middle East & Africa (MENA) region.

Xylem Inc to Provide Filtration Technology for Water Treatment Plant in Pennsylvania

Xylem Inc would provide water filtration technology to the water treatment plant in Pennsylvania USA

Air Conditioners and Refrigerators makers on track to phase out HFCs

Air conditioners and Refrigerator manufacturers to gear for HCFC technology

The Iran is in negotiation with foreign investors to bid for 50 oil & gas projects

Increasing foreign investment and upcoming bidding for 50 new oil & gas projects would drive the demand for oilfield services market in Iran

Dell-EMC launched New Range of Data Storage Products

The company disclosed newer variants of the flash storage systems to help the already existing and new customer base in building up data centers

Honda Plans to Build a New Manufacturing Plant in China

Honda is set to build new vehicle production facility in China

FMCG Players Gear up for Business Under GST

Major consumer companies are busy gearing up and tweaking their logistics, warehousing systems and upgrading their IT infrastructure ahead of the rollout of the Goods and Services Tax Regime.

Celanese Corporation to Acquire Italian Thermoplastic Compounder Group

The US based company has signed an agreement to buy SO.F.TER Group to strengthen its engineered materials leadership position.