Industry News

MNRE have set up three panels to improve the quality control of solar equipment

Out of 100,000MW target set by the Government of India, almost 6,753MW of solar capacity were achieved as of March 2016

Flipkart & Myntra launch Japanese brand

Japan based Mizuno’s products, now will be sold by Flipkart and Myntra

Kenda Tire to add sizes to existing Klever S/T KR52 tire

The American tire company, have further added 26 varied sizes to its Klever S/T KR52 tire lineup

Government of India is planning to set up help desk for foreign investors in power sector

With foreign investors focusing on investing in renewable sectors, the Government target for achieving 100,000MW of solar power by 2022 seems to be achievable

Havells to diversify its business, entering Modular Switches Segment

Havells enters modular switches segment, eyeing INR1000 Million business

Valtris Specialty Chemicals Acquires Akcros Chemicals

Valtris Specialty Chemicals completes the acquisition of specialty chemicals manufacturer Akcros Holdings

Machine to Machine Communication SIM cards to have KYC norms soon

Department of Telecom to issue a ‘Know Your Customer’ norms soon facilitate Machine to Machine communication

US-based Accenture sets up a cyber centre in Bengaluru, India

To fulfil its aim of providing security services throughout the globe, Accenture has launched a cyber centre in Bengaluru.

SkyPower looking for local players for its upcoming solar projects in India

Foreign Investments will directly benefit local solar manufacturers, as a part of joint development of solar plants.

Mondelez is expanding its biscuits vertical

Food maker Mondelez on Tuesday announced the extension of its Bournvita brand to biscuits

Praxair Acquires Industrial and Medical Gas Businesses

Praxair acquired five industrial gas businesses with an annual sale of over USD40 million in 2015

Michelin to launch BFG Advantage T/A Sport Tire

The American subsidiary of Michelin is planning to unveil its BFGoodrich Advantage T/A Sport tire in the North American market in August 2016

‘Unnati Kendras’ inaugurated by Intel India across 10 towns in Telangana

Intel India initiates 10 Unnati Kendras in Telangana

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.