Industry News

Aditya Birla Fashion buys Forever 21's India business

Aditya Birla Fashion and Retail Ltd. (ABFRL) will acquire Los Angeles-based global clothing brand Forever 21's India business for USD26 million

Government of India Slashes Prices of DAP and MOP Fertilizers

Government has decided to reduce the prices of diammonium phosphate (DAP) and muriate of potash (MOP)

LNG Imports to India jumped 43% in May 2016 from a year earlier

In May 2016, India purchased a total of 2.08 billion cubic meters of LNG and become second-biggest buyer of spot and short-term LNG

Thales and Cisco teamed up for Cyber Security solution

The aim of the partnership is to offer a solution which detects and counterattacks against the cyber threats in real time

Snapdeal enters into online services by partnering with Cleartrip, Zomato, redBus and UrbanClap for food ordering and flight ticket bookings

Snapdeal launched online services in partnership with Cleartrip, Zomato, redBus and UrbanClap

WR Grace, Global Supplier of Catalysts, Acquires Polyolefin Catalysts Business of BASF

WR Grace has completed the acquisition of polyolefin catalysts business of BASF

Premium Motorcycle manufacturer Ducati unveils Multistrada 1200 Pikes Peak in Delhi

Italian Motorcycle company Ducati launches new Multistrada 1200 Pikes Peak in Delhi priced at USD 30,600 (ex-showroom Delhi)

The financial agreement between State Bank of India and World Bank has resulted in investment of USD625 million into solar energy sector of India

Increasing focus on clean energy generation in India would drive the market for solar equipment business in the country

Haryana Dairy Development Cooperative Federation is planning to setup milk booths at IOC petrol pumps

At round 1,500 IOC petrol pumps in Haryana, Haryana Dairy Development Cooperative Federation is said to setup Vita milk booths to sell cow milk.

Rapidly Growing Air Filter Market Attracting New Investors

Increasing awareness and proliferating demand for air filters is increasing the number of market players and fragmentation in the industry

Omni United acquires A to Z Tire & Battery

Singapore based Omni United successfully acquired US based distributor A to Z Tire & Battery

America Tower Corporation acquire Viom

America Tower Corporation, a Boston based telecom tower to acquire Viom India to expand its position in India

Stratasys entered into partnership with Daihatsu

Stratasys, a leading 3D printer manufacturer entered into partnership with Daihatsu for mass customization

Singapore will launch a nation-wide electric car-sharing program by 2017 which would lead to deployment of charging stations in the country

Increasing focus on penetration of electric vehicles in transportation sector poised to drive the market for electric vehicle infrastructure on a global scale

Fibrant B.V. to Discontinue Caprolactam Plant in the United States

Fibrant B.V. is shutting down the caprolactam production plant at United Sates

BMW, Intel and Mobileye Collaborating for Self-Driving Car Technology

BMW teams up with tech giants for driver less cars

LG to restructure its operations in India

In order to increase and strengthen its ground presence, the consumer goods company is planning to restructure its operations in India.

Tata Power installed a 100kW Rooftop Solar project in Bengaluru

Toyota Kirloskar Auto Parts would utilise the solar project as a captive power plant thereby reducing the emission levels

Supreme Court likely to lift ban on Diesel vehicles in Delhi-NCR

The Apex Court of India is looking forward to eliminate ban on registration of Diesel-run vehicles over 2,000 CC in Delhi-NCR

Amul to invest USD460 million for expansion in Indian market

Company plans to expand as well as increase capacity of existing plants to boost revenues