Industry News

Petroleum and Natural Gas Regulatory Board (PNGRB) drops 7 out of 11 Cities for CNG retail licenses

Rapid expansion of compressed natural gas (CNG) and piped natural gas would surge the demand of city gas distribution (CGD)

L’Oreal to launch new hair care range

Cosmetics company L’Oreal plans to introduce natural hair care range in India

BASF to Expand Automotive Coatings Production at Shanghai, China

BASF Shanghai Coatings Co., Ltd. to establish an automotive coatings plant at the Shanghai Chemical Industry Park in Shanghai, China

Toyota Philippines Poised to Invest USD70 Million to Increase Vehicle Production

Japan based automobile giant is anticipated to manufacture 230 thousand units of “Vios subcompact sedans” under a USD600 million six year incentive programme introduced by the government in 2015.

Union Minister requested Amul to set up dairy projects in Vidarbha

Amul keen on setting up INR4 billion project in drought-hit Vidarbha where farmers suicide rate is very high

Tata Power to buy 25% stake in Resurgent Power for USD300 million

Tata Power Ltd has made an aggressive push to build sizable coal fired and hydro power assets in India

NIORDC Plans to Increase its Refining Capacity by more than 70% in Next Four Years

National Iranian Oil Refining and Distribution Company has announced a new plan which includes increasing the country's refining capacity to about 3.2 million barrels a day by 2020 from 1.85 million in 2015 by building five plants.

Premium carmaker Jaguar Land Rover (JLR) sets up plant in Brazil

Tata Motors owned Jaguar Land Rover opens its first fully owned plant outside United Kingdom

Singapore’s Citibank to adopt digital wallets and voice biometrics

Citibank in Singapore declares to implement the digital wallets and voice biometrics for enhancing the customer services

Oxiteno and Ashland to partner in agrochemical business

Oxiteno and Ashland Inc., collaborate to expand respective specialty chemical business in agricultural sector

Delhi Government in proposition to fix a limit of fares for radio taxi aggregators

Delhi Government likely to fix an upper cap limit on fare being charged by cab aggregators such as Ola and Uber

Microsoft to acquire LinkedIn for $26.2 Billion

Microsoft has announced to acquire business-oriented social platform LinkedIn for $196 per share in order to make a big move into enterprise social networking

Siemens acquired an EPC project worth USD11.6 million from Power Grid Corporation of India Limited (PGCIL) at Bhuj in Gujarat

The development of EPC project would boost the power transmission infrastructure in India

Godrej Appliances to invest Rs 200 crores to increase production

Godrej to hike production of its two existing home appliances manufacturing plants, by investing Rs 200 crores

R-Com and Aircel Merger to be Completed by July 2016

Reliance Communications Ltd. (R-Com) and Aircel Ltd. signed agreement to merge their telecom entities

Adani Group wins bid for developing 100MW solar unit in Chhattisgarh

With increasing number of upcoming solar power projects, the solar power equipment market is expected to witness significant growth in near future

ITC stepped into dairy whitener market with its Sunfresh brand and intensifies rivalry with Amul and Nestle

ITC with its Sunfresh brand forays into dairy whitener market

Westlake Chemical Agrees to Acquire Axiall for USD3.8 billion

Westlake Chemical has agreed to buy Axiall Corporation for USD3.8 billion for USD33 per share

Daimler to launch its Electric Car at Paris Auto Show in October 2016

The premium car maker, Daimler, is about to unveil its long distance electric car at Paris auto show

Dutch Architect Revealed 3D Printer to Make 'Endless' House

Dutch Architect, Janjaap Ruijssenaar, introduced concept for 3D printed Landscape House based on infinite loop