Industry News

GAIL India has started drilling second exploratory well in Anand district of Gujarat

The consortium led by GAIL will drill eight exploratory wells in the initial exploration phase as per minimum work commitment of Production Sharing Contract (PSC)

Tech Mahindra to acquire Target Group for over $163 Million

Tech Mahindra buys a UK based firm Target Group in around $ 163 Million, in order to strengthen its foothold in banking and financial sector.

Oman requires an investment of USD8 billion into the power sector by 2020 so as to fulfill the increasing power demand in the country

The switchgear market in GCC countries would expand, on account of increasing need for developing the power infrastructure within the country

London Dairy targeting INR 1 Billion revenue from India by 2020

The Premium Ice cream brand is targeting to double its revenues in India by 2020 plans to ramp up distribution to 5,000 outlets

Indian Fertilizer Firms Plans to Import Phosphoric Acid at $600 Per Ton

Huge in the prices of phosphoric acid across the world is expected to increase import of phosphoric acid by fertilizer manufacturing companies in India

Volkswagen plans to establish own battery factory

German car manufacturer set to launch e-battery factory, Salzgitter plant to be the probable location

Domino’s is now more than double of McDonald’s

Domino’s, which left behind McDonald’s 4 years back, is now more than double the size of McDonald’s

HP Enterprise’s technology services to merge with CSC

CSC and HP entered into the merger agreement in order to create an IT services powerhouse

India achieved an installed solar power capacity of 6,000MW

With government policies such as Make in India and National Solar Mission, the demand for solar power is set to increase in the near future

AkzoNobel Inaugurates Largest Technology Center in Shanghai

AkzoNobel opens technology center in Shanghai for innovation and development of paints & coatings and specialty chemicals

Federal Corp. establishes subsidiary in the United States

Taiwan tire maker expands reach in US by setting up a subsidiary in California

Samsung launched Iris recognition biometric technology enabled tablet in Indian market

To cater to the needs of government and enterprises, Samsung launched iris recognition technology enabled tablets in India

Bharat Heavy Electronics Limited (BHEL) announces commissioning of 800 MW supercritical thermal unit in Karnataka

The unit commissioned will help in meeting the increased demand for electricity due to rising consumption

Richemont plans to buy stake in Italian jewellers Buccellati

Richemont is in talks with an Italian jewellers Buccellati to buy a controlling stake in the company

IFFCO slashes price of DAP, NPK fertilizers by INR 1000

Indian fertilizer giant, Indian Farmers Fertilizer Cooperative Limited, has slashed rates of DAP and NPK fertilizers by INR 1000 per tonne as a huge relief to the farmers

Toyota Motor Corp to invest in on-demand ride-hailing company Uber

Toyota and Uber have joined hands to create new leasing options in which Uber drivers can lease vehicles from Toyota Financial Services and cover the payments through their Uber earnings

Microsoft planned to deliver internet services in remote areas

Microsoft has collaborated with other technology companies in order to provide internet services in remote areas throughout the world

Government seeks bids for nearly four dozen small oil & gas fields

With the auction of small sized undeveloped oil & gas fields in India, the demand for Oil Field Services (OFS) is set to increase at a significant level

Middle East Air Conditioner Manufacturer, Zamil wins USD92.8 Million Contract

Zamil to supply 80 custom water-cooled centrifugal chillers to Saudi Arabia for Dar Al Hijrah project

Bayer Bids USD62 Billion to buyout Monsanto

Bayer AG strategizes to become the largest player in the global agrochemicals market through acquisition of Monsanto, a major agricultural products manufacturer