Industry News

NEDO Collaborated with TechSci Research for Webinar on India Drone Market

New Energy and Industrial Technology Development Organization (NEDO), in collaboration with TechSci Research, conducted a webinar titled India Drone Market-An Emerging Opportunity in India on March 29, 2022.

CAMS Buys Majority Stake in FinTech Startup Fintuple

Leading financial infrastructure for mutual funds, Computer Age Management Services Limited (CAMS) has acquired majority stakes in a digital-focused FinTech startup, Fintuple Technologies Private Limited, for an undisclosed amount.

Cadila Healthcare Rebranded as ‘Zydus Lifesciences’

Cadila Healthcare, a leading pharmaceutical company in India, has rebranded itself as Zydus Lifesciences Ltd. with an aim to create a new brand identity.

China Authorizes USD3.3 Billion EV Joint Venture of Audi and FAW Group

The Chinese government has granted authorization to construct an electric vehicle plant, a joint venture of German automaker Volkswagen and its Chinese state-owned partner, FAW Group, in the provincial capital of Changchun city.

Bosch India to Invest USD270 Million for Localizing Advanced Auto Tech

Recently, Bosch launched a digital marketplace to offer its mobility-related assets under one platform to improve utilization and efficiency elements across the ecosystem

New Ola Futurefoundry to Be Set Up in UK

The new facility in the UK will facilitate the auto company in building a multi-disciplinary team to cater to the global consumer demand for affordable and efficient electric vehicles.

Lupin Enters China Generic Medicine Market Partnering with Fancoo Pharma

Lupin plans to expand its product portfolio including complex generic drugs and specialty magazines in the global marketplace, exploring new partnership opportunities.

Kangaroo leads the Global Hydrogen Water Purifier Market

The global hydrogen water purifier market is expected to experience a higher growth rate in the forecast period, owing to the growing awareness of health and hygiene among the population, particularly after the COVID-19 pandemic, lack of availability of clean drinking water, etc.

Rentokil Initial to Buy Rival Terminix in USD6.7 Billion Deal

British pest-control services provider Rentokil Initial is set to acquire its rival, Terminix Global Holdings, in a USD6.7 billion deal to boost its commercial and residential pest management expertise in the United States, the world’s largest pest control market.

Credit Wise Capital to Launch “Twin2” App to Provide Two-Wheeler Auto Loan

Leading non-banking financial firm Credit Wise Capital has planned to launch an AI-backed and WhatsApp integrated chatbot, “Twin2”. The plan is to provide loan offerings to its customers within just two minutes for two-wheelers.

Union Cabinet Approves Rs.76,000-cr PLI Scheme for Semiconductor Manufacturers

The Union Cabinet has approved a budget of Rs. 76,000 crores (USD9.9 billion) for a production linked incentive (PLI) scheme under the government’s ambitious project named “Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India.”

Baxter Becomes Global MedTech Leader with Hillrom Acquisition

Leading healthcare company Baxter International Inc. has completed the acquisition of medical equipment manufacturer Hillrom Holdings, which makes the enterprise a global MedTech leader with a valuation of USD15 billion

RIL to Acquire Europes Largest Solar Panel Manufacturer for USD771 Million

The acquisition of REC Group will facilitate Reliance Industries’ new energy initiative of developing around 100 Gigawatts of clean energy from renewable sources by 2030.

MindMed to Collaborate with Sphere Health to Enhance Mental Health Treatment

As per the Centre for Disease Control and Prevention (CDC) report, people with depressive disorder increased from 36.4% to 41.5% from August 2020 to February 2021, and adults between the age group of 18-29 are the most affected. A leading biotech company, Mind Medicine, has planned to build a stra

PayPal to Buy Japanese Buy Now Pay Later Service Platform Paidy for USD2.7 billion

The BNPL industry is anticipated to rack up USD680 million in transaction volume by 2025

Renault to Debut its First Compact Full-Electric Vehicle

The new Megane E-Tech Electric based on Renault-Nissan Alliance’s CMF-EV platform features two power levels, two battery ranges, in-built Google functions, and an infotainment system.

Ola Marks Entry into Electric Two-Wheeler Segment Launching Ola S1 and S1 Pro

Ola S1 and S1 Pro come with a claimed range of 121km and 181 km respectively, and the scooters can be accessed with a ‘digital key’ through a smartphone.

Revel to Introduce Fleet of Tesla Taxis in NYC Streets

Revel plans to launch an app-based car service in New York, debuting a fleet of 50 baby blue Tesla Model Y SUVs

Kerry Group Acquires Preservatives Manufacturer Niacet for €853m

Kerry Group has entered into an agreement with Niacet to sharpen its focus on its core ingredient business and fulfill the rising demands for long shelf-life plant-based food items.

GeneOS Therapeutics secures financing of USD12 million to Enhance Personalized Immunotherapy Programs

The vaccine intends to stimulate a specific cellular immune response against tumours in HCC patients.