Industry News

India Unveils First Solar-Powered EV Charging Station with Second-Life Battery Storage at Bengaluru Airport

In a significant advancement toward sustainable urban mobility, India has launched its first solar-powered electric vehicle (EV) charging station utilizing second-life battery storage.

Tullow-Led Consortium Secures License Extension to 2040 for Ghana’s Jubilee and TEN Oil Fields

In a significant boost to Ghana’s energy sector, a consortium comprising Tullow Oil, Kosmos Energy, PetroSA, Ghana National Petroleum Corporation (GNPC), and Explorco has signed a Memorandum of Understanding (MoU) with the Government of Ghana, securing the extension of production licenses for the West Cape Three Points (WCTP) and Deep Water Tano (DWT) blocks until 2040.

Juniper Green Energy Achieves Milestone with Early Commissioning of 145.99 MWp Solar Project for MSEDCL in Maharashtra

Juniper Green Energy, a leading independent power producer in India’s renewable energy sector, has successfully commissioned its 145.99-megawatt peak (MWp) solar power project at Chapalgaon in Maharashtra.

HONOR launched HONOR 400 Series with AI Camera

HONOR has launched its latest smartphone series, introducing the HONOR 400 and HONOR 400 Pro in select markets.

Poonawalla Fincorp Unveils Consumer Durables Loans Business

Poonawalla Fincorp (PFL) announced the launch of its Consumer Durables Loans business. As part of this initiative, the company also introduced a digital EMI card with pre-approved limits, enabling customers to purchase consumer durable products more conveniently.

Apple Expands its Manufacturing in India

Apple Inc. is expanding its manufacturing in India. As of now, Apple manufactures approximately 20%, or one in five, of its iPhones in India.

Prada Acquires Versace

Prada announced that it had entered into a definitive agreement to acquire 100% of Versace from Capri Holdings.

FDA Accepts and Prioritizes Review of Lykos Therapeutics'' New Drug Application for MDMA-Assisted Therapy in PTSD

Lykos Therapeutics'' MDMA-assisted therapy for PTSD, with FDA priority review, aims to revolutionize mental healthcare. Clinical trials show promise, pending regulatory approval for groundbreaking treatment.

Alibaba Group to Launch Upgraded AI Model ‘Qwen 3’ Amid Intensifying Market Competition

Alibaba Group Holding, the China-based multinational conglomerate, is set to launch an advanced version of its flagship artificial intelligence , Qwen 3, later this month.

BASF Pioneers Sustainable Textile Manufacturing with Loopamid Plant in China

BASF has launched the world’s first commercial-scale Loopamid plant in Shanghai, China, converting textile waste into recycled polyamide 6 to advance sustainable textile manufacturing.

Unilever Acquires Personal Care Brand ‘Wild’

Unilever acquired the personal care brand Wild, further expanding its presence in the sustainable beauty segment.

Sumitomo Chemical Establishes CRO for Oligonucleotide CDMO Business in the U.S.

Sumitomo Chemical has launched SC-AMSA in Marlborough, Massachusetts, to expand its oligonucleotide CDMO business, supplying long-chain gRNA for genome editing by August 2025.

GE HealthCare and FPT Strengthen Partnership to Advance AI-Driven Healthcare Solutions

GE HealthCare and FPT have expanded their partnership to drive AI adoption in healthcare, establishing an FPT Competency Center in Vietnam to enhance innovation, streamline hospital operations, and improve patient care.

iD Fresh Food Expands Breakfast Portfolio with Ready-to-Heat Homestyle Sambar

iD Fresh Food, a fresh food brand in India, has expanded its breakfast offerings by launching an instant homestyle Sambar, entering the USD 573.4 million ready-to-heat market.

Shein Makes a Comeback in India with Reliance Retail’s Shopping App and Local Manufacturing

Shein, the popular Chinese fast fashion app, has made its return to India after being banned for nearly five years.

Advancing Aerospace Indigenisation: DRDO Unveils Indigenous Composite Nose Cone for Tejas MkII

In a significant boost to India's aerospace indigenisation efforts, the Defence Research and Development Organisation (DRDO) has unveiled an advanced composite nose cone for the Tejas MkII fighter jet at an event in Pune.

Nestlé Plans to Expand Starbucks Partnership in India

Nestlé, a global leader in food and beverages, is actively exploring the expansion of its Starbucks Coffee partnership into the Indian market.

Mullen Expands U.S. Battery Production with New Nikola Asset Acquisition

Mullen Automotive has taken a major step towards strengthening its U.S. battery production capabilities with the purchase of additional battery line equipment from Nikola Corporation.

PEUGEOT Unveils New 3008 and 5008 SUVs in Dubai

PEUGEOT introduced its New 3008 and 5008 SUVs at an exclusive event in Dubai, UAE.

Coffee Island Brings European Coffee Culture to India with Gurugram Launch

Coffee Island, a prominent European coffee chain, has officially entered the Indian market with the opening of its first store in Gurugram.