Industry News

Pirelli to invest USD200 Million for expansion in Mexico

The American subsidiary of Pirelli, is planning investment for a brown field expansion of its existing tire plant in Silao, Mexico

Lactalis focusing on consolidating its presence in India

French dairy company to focus on acquisition to consolidate its presence in India.

Solenis LLC Decided to Acquire Lostris International and Wester Blend

Solenis LLC has signed an agreement to acquire shares in Lostris International and Wester Blend, Netherland based specialty chemical manufacturers.

The Senate of the USA passes energy bill to speed the permitting process for LNG exports

The Energy Policy and Modernization Act, of the USA would increase exports of LNG to natural gas deficit regions

India added 3,000MW grid-connected solar power generation capacity which is well above the 2,000MW government target

As on March 2016, India’s total solar power generation capacity has reached 6,763MW

E-commerce giant Snapdeal to enter FMCG market and target to deliver products within four hours in Gurgaon

Snapdeal to enter in FMCG segment and planning to deliver products in Gurgaon

Arkema’s Bostik expands its Production Capacity in the Philippines

Arkema opens Bostik’s new specialty adhesive plant in the Philippines to grow its construction business in the South East Asia market.

Maxxis launched its maiden runflat tire in Europe

Maxxis tire expands its portfolio by launching M36+ runflat tire in European market

Brain Print, upcoming biometric technology for higher security access

To attain more security and have more accurate identification, researchers are working on brain print biometric technology

NIIT to provide training to 20 thousand students on modern technologies

With the development in the technology sector, NIIT aims to train 20 thousand students on Internet on Things, Virtual Reality, Robotics, and so on.

India exceeds its capacity addition targets for 2015-16 in solar energy projects

Solar energy is likely to attract investment as Indian Government plants to install 100 GW of solar energy by 2022

Air Conditioner sales are witnessing early demand this year with the heat arriving early this year

With the increasing heat due to early summers this year the sales of ACs and refrigerators have shot up in the country.

Blue Star Announced its Plans of Entering into India Water Purifier Business

Blue Star Limited, a leading air conditioning and commercial refrigeration company, has announced that it is planning to enter the water purifier business by the end of 2016.

Shandong Linglong Tire Co. planning to expand in Thailand

The Chinese tire maker is planning to further expand in Thailand

The world's biggest oil producers including Saudi Arabia have failed to reach an agreement to freeze output at January level till October 2016

Oil-producing countries met in Qatar on 17th April to discuss a plan to curtail oil production despite Saudi Arabia and Iran’s protest

Burger King to open 40 outlets this year

Florida-based restaurant chain, Burger king to open 40 more outlets in India in 2016

Precision Technology Acquired by Valentus Specialty Chemicals

In a step to expand in the floor coatings market, Valentus acquired Precision Technology’s floor finishes business

Sterlite Technologies Limited reorganize its organisational structure to support government’s Digital India initiative

India-based telecom and power cable maker reorganizes its telecom’s business organisational structure in India

Camso introduced new pair of telehandler tires

The Canadian tire manufacturer launched a pair of new telehandler tire s focusing on stability, traction and resistance to damage

Qualcomm to encourage the hardware tech start-ups to showcase their advanced tech products

In order to boost the local manufacturing & designing in India by the hardware tech start-ups, Qualcomm has decided to provide its innovative technologies and products to these start-ups