Industry News

With installed capacity of renewable energy reaches 42,850MW, the renewable energy generation capacity surpasses hydro power generation capacity

Growth in installed capacity of renewable energy in India is expected to drive the market for solar power equipments in the country

Micromax forays into Air Conditioners Market

Micromax Starts Manufacturing of window and split Air Conditioners at its Uttarakhand facility

Shell Strategizes to Build Petrochemical Complex in the United States

Shell Chemical Appalachia LLC to construct a new petrochemicals facility in Pennsylvania, United States

Nissan to roll out India's first hybrid SUV by end of current financial year

Japanese passenger car manufacturing Company targeting around 5% market share by 2020, up from less than 2% present share.

Crude oil prices reached USD52.26 per barrel as of June 08, 2016

The increase in crude oil prices will enhance the drilling and production activities leading to increase in business of oilfield service market

Linde Plans Expansion in Southern Georgia and Northern Florida

Linde North America, Inc. to invest USD40 million for setting up a new air separation unit (ASU) in the US

Dabur is planning for a major expansion in the e-commerce segment

Dabur is preparing to expand in the e-commerce segment in order to tap the fast growing e-commerce FMCG sector in the country.

Dunlop opens new distribution centre to use the growth in South Africa market

Fresh investment done by Sumitomo Rubber South Africa (Pty) Ltd (SRSA), Dunlop South Africa.

Infosys’ Finacle software to be used by PayTM’s Payment Bank

Infosys to provide its core banking system services to PayTM

Lotte Chemicals Offeres USD2.6 Billion to Acquire Axiall

Lotte Chemicals, a South Korea based petrochemicals manufacturer, has offered to acquire Axiall which is a global provider of building products and chemicals.

Maxam Tire North America Expanded its Product Line

OTR and industrial tire giant Maxam Tire expanded its “MS705 solid skid-steer” product line in North America

Synaptics to provide USB Fingerprint Scanner for Computers

Synaptic, a company specialized in interface controllers is planning to start mass production of the biometric devices by the end of 2016.

Paytm to spend INR2 billion in fashion category

The company is expected to invest INR2 billion to expand its fashion category

Iran and India plans to seal the deal for developing an Offshore Farzad B Field by October, 2016

Iran has agreed to give the Farzad B field to an Indian Consortium led by ONGC Videsh Ltd on nomination basis

Stepan Company Plans to expand Polyester Polyol Facility in Poland

Stepan Company is planning to expand its polyester polyol facility in Poland by adding a new reactor to the existing facility

Faraday Future Intends to Test Drive Self Driven Car

U.S. based Faraday Future has applied for number plates from Michigan Department of Transportation for testing autonomous vehicles

Dell launched an initiative “Aarambh” to increase the adoption of PCs for education in India

The company is aiming to spread the use and importance of computer for education across the country.

Initiatives taken to double the capacity of LNG terminals in India in the next six years

With increasing demand for natural gas in India, the Indian LNG market is expected to witness a potential growth in the coming years

Danone India Pvt. Ltd. to ramp up its India Business, seeks to grow its portfolio in India

Danone to ramp up its India presence

Companies which are not into Oil & Gas activities are showing interest in Oil & Gas fields

Increasing interest of non- energy companies in oil & gas fields in India would drive the demand of Oil Field Services (OFS) Market in India