Industry News

Tata Steel''s Milestone Achievement: India’s First Low-Carbon Green Steel Plant

Tata Steel, a prominent steel manufacturer, has recently unveiled its groundbreaking low-carbon green steel plant, marking a significant milestone in the worldwide drive to reduce carbon emissions and combat climate change.

Thermo Fisher Scientific Announces USD 3.1 Billion Acquisition of Olink

Thermo Fisher Scientific has reached an agreement to purchase Olink Holding for an estimated USD3.1 billion, as jointly announced by the two companies. This transaction is designed to enhance the buyer''s footprint in the field of proteomics.

Vaxcyte and Lonza Strengthen Global Collaboration for the Commercial Manufacturing of Comprehensive Pneumococcal Conjugate Vaccines (PCVs)

Lonza will provide Vaxcyte with a tailored manufacturing facility in Visp, Switzerland.

Hengtong, a Chinese Company, to Produce Fiber-Optic Cables in Egypt

Chinese power and fiber optic cable manufacturer, Hengtong, is embarking on a significant venture in Egypt as part of a collaboration with the Suez Canal Economic Zone (SCZONE). This endeavor involves the establishment of a production facility for fiber cables and entails a substantial investment o

On-Body Drug Delivery Platform Vertiva™ announced by Stevanato Group

On-Body Drug Delivery Platform Vertiva™ announced by Stevanato Group

Venus Remedies receives Marketing Authorization for six chemotherapy medications in the Philippines

The six approved drugs include bortezomib, cisplatin, doxorubicin, docetaxel, fluorouracil, and paclitaxel, which are crucial for the treatment of cancer.

REC Limited Signs Mou With Bank Of India (Boi) To Co-Finance Power And Infrastructure Projects Amounting To USD 3,603.24 Million

REC Limited and Bank of India (BoI) inked a Memorandum of Understanding (MoU) to investigate potential joint funding opportunities for projects in the Power Sector, Infrastructure & Logistics Sector.

Gujarat is planning to invest USD 420.34 million to establish Solar Power Plant

The Gujarat government has recently disclosed plans to invest USD 420.34 million in the establishment of a solar power plant within the state. This announcement followed the signing of a power usage agreement between State Energy Minister Kanu Desai and the Solar Energy Corporation of India (SECI)

Agomab secures USD100 million to further Develop its Pipeline focused on Fibrosis

Agomab Therapeutics closed a Series C funding round, securing USD100 million that will be allocated toward the progression of its portfolio centered on fibrosis, with AGMB-129 leading the way.

Idemitsu and Toyota Collaborate to Advance Solid-State Battery Technology for Electric Vehicles

Japanese companies Idemitsu Kosan Co. (Idemitsu) and Toyota Motor Corporation have recently joined forces to advance the development and mass production of solid electrolytes for solid-state batteries, a critical component of battery electric vehicles (BEVs).

Saudi Arabia is set to introduce its inaugural real estate legislation for facility management in the first quarter of 2024

As stated by Abdullah Al-Hammad, the CEO of the Real Estate General Authority (REGA), Saudi Arabia is poised to introduce its inaugural legislation for the regulation of facility management within the real estate sector in the first quarter of 2024.

HPL to Invest $360 Million in New Chemical Plants in West Bengal

Haldia Petrochemicals (HPL) will invest Rs 3,000 crore (USD 360 million) to set up new chemical plants in West Bengal. This includes the first on-purpose propylene plant and a phenol unit which will come up at its existing manufacturing facility at Haldia.

Infineon Inks Semiconductor Supply Deal with Hyundai and Kia to Drive Automotive Innovation

In a strategic move aimed at fueling the future of automotive technology, German semiconductor manufacturer Infineon Technologies has recently signed a groundbreaking semiconductor supply deal with South Korean automakers Hyundai and Kia.

Mozambique Reveals Chosen Contractors for 30MW Solar Photovoltaic (PV) Projects

ARENE, the energy regulatory authority of Mozambique, has unveiled its selection of four preferred bidders for the establishment of two 30MW solar photovoltaic (PV) projects.

Aliving Launched Multifunctional Coffee Table

United States: In 2023, Aliving introduced a multifunctional coffee table in California, United States.

SKC to sell Polyurethane Material Division to focus on Eco-Friendly Material Businesses

SKC, one of South Korea''s top chemical product makers, will sell its polyurethane raw material business, in a bid to accelerate the company''s businesses focused on secondary batteries, semiconductors, and eco-friendly materials.

Bayer Fuels Future of Cell Therapy with USD250 Million Investment in Cutting-Edge U.S. Manufacturing Facility

The new Berkeley-Based Facility will supply Cell Therapy Products for Clinical Trials and Parkinson's Treatment Development

Falcon Oil & Gas, in conjunction with their joint venture collaborator Tamboran Resources, successfully concluded drilling Operations

London-listed Falcon Oil & Gas, in partnership with Tamboran Resources, has successfully completed the drilling of a pivotal shale well situated onshore in Australia.

TCS Aims to Boost Margins Through Strategic Microsoft AI Partnership

In a bid to enhance operational efficiency and elevate profit margins, Tata Consultancy Services (TCS), a global leader in IT services, is set to leverage its partnership with Microsoft and integrate cutting-edge artificial intelligence (AI) solutions into its operations.

U.S. Grants Approval for Samsung and SK Hynix to Ship Chip Manufacturing Equipment to China

In a significant development within the global semiconductor industry, the United States has granted permission to two major tech giants, Samsung and SK Hynix, to export critical chip manufacturing equipment to China.