Industry News

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

Yepme eyes to open 400 offline stores

Online fashion retailer Yepme plans to open 400 offline stores by the end of 2016

Custom Synthetic Fibers LLC plans to open a recycled polyester fiber plant in Alabama

Custom Synthetic Fibers LLC has announced plans to open a recycled polyester fiber plant in Rogersville, Ala, targeting polyester as a raw material.

Uber planning to invest in India Market

The well established radio taxi brand, Uber, is planning to invest huge funds in the emerging market of India

VisionLabs collaborates with Facebook, Google to create an open source computer vision platform

Russian developer has entered into the partnership with Facebook and Google to make machine see.

Borealis Announced to Acquire mtm Plastics and mtm Compact

Borealis, a Europe based polyolefin and fertilizer provider, has announced to acquire mtm plastics and mtm compact which is a German plastics recycler.

Kumho reopens North American tire factory

South Korean tire manufacturer reopens their tire factory in North America

Alibaba to launch Face lock app for smartphone users

The company to launch free app- lock “Privacy Knight” with face-lock feature for India market

Azure Power to invest USD119.8 million for setting up 150MW solar plants in Punjab

With increasing investments into the solar sector, the solar power equipment market is expected to witness significant growth in the near future.

Quick service restaurants following new tactics to target customers

Food chains are trying to trap customers by adopting different strategies, which are not related to its menu