Industry News

Parle Agro to spend INR 150 Crores on Advertising and Distribution

Parle Agro to enter rural areas, plans to expand its presence and distribution channel.

BASF Opens Ucrete Manufacturing Facility

German giant declares open the production line for flooring solutions at the existing construction chemicals facility in Malaysia

Kumho Tire further solidifies Product Portfolio

The company introduces Ultra High Performance Tires for both ends of its price band, leaving customers with better choices and higher loyalty towards the brand.

US-based Blackstone strikes an agreement with HP Enterprises for purchasing stake in India-based Mphasis

Blackstone has signed a deal with HPE to buy a major stake in Mphasis

Food companies benefit from Premiumisation

Dabur, Parle and others offer mixture of masalas and Premiumisation which help products take off

Hardware industry body MAIT launches Aadhaar authentication featured device

MAIT, in collaboration with Datamini and Intel has introduced a device integrated with the fingerprint scanner for Aadhaar authentication

Government of India caps natural gas prices from the difficult field at USD6.61/ per million British thermal units

Natural gas produced from difficult fields would surge India Oilfield Services Market in India

Transilwrap acquires Dow Chemical’s global specialty films business

Dow Chemical has planned to sell its global specialty films business to Transilwrap Company

Pirelli plans entry into Commercial Vehicle Tire market of North America

The Italian Tire maker to sell tires for trucks and buses through a new subsidiary in US and Canada

Hankook poised to launch two brand new tires at MATS

The American subsidiary of Hankook Tire is prepared to introduce two all new truck tires in the United States tire market

Virtusa Corporation and Hitachi tie-up to offer their combined IT services across the globe

Hitachi and Virtusa Corporation enter into a partnership to provide their clients and other players with their enhanced services

The solar equipment market is anticipated to grow with the reduction in prices of solar energy

With the reduction in solar prices, the solar power generation market would become more competitive

Tata Global Beverages forays into branded coffee

Tata enters INR1300 crore instant coffee market place with the launch of Tata Coffee Grand to accelerate its revenues

Sinochem and Halcyon Plans to Amalgamate their Natural Rubber Business Assets

Sinochem International entered into strategic alliance with Halcyon Agri to merge their natural rubber business

IBM and Incubator Kstart come together to endorse start-ups in India

Incubator Kstart, partners with IBM for nurturing the Indian start-ups ecosystem

With reduction in prices of solar equipment, project developers are bidding aggressively for solar projects

With upcoming solar projects and decline in the solar-based tariff, the target of 100,000MW of solar power by 2022 seems achievable

A farmer’s cooperative in Kerala to start a cafe chain

A cooperative in Kerala operated by farmers is planning to open a string of coffee shops selling organic coffee

MEGlobal to Build USD1 billion Ethylene Glycol Plant in Texas

MEGlobal has planned for its new ethylene glycol (EG) facility at Dow Chemical’s Oyster Creek site at Freeport, Texas.

Sumitomo Rubber Industries Ltd. (SRI) plans to expand its TBR capacity in South Africa

With an investment of USD55 million, SRI is installing production equipment for TBR tires at the Ladysmith plant, acquired from Apollo Tyres Ltd. in 2013.

Two South Korean firms come together for creating first IoT city in the world

Samsung and SK Telecom have joined hands to develop the world’s first IoT city in Daegu