Industry News

Sharp and Foxconn to hold a board meeting for signing a takeover deal next week

Taiwan based Foxconn to acquire the Japan-based Sharp Corporation to gain control over advanced screen technology of the company

ONGC Videsh Ltd received an approval from Russian Government for acquisition of 15 per cent stake in oil field of Vankor from Rosneft for USD1.268 billion.

India is ensuring energy security by acquiring oil and natural gas fields located in non OPEC Countries

CaratLane contacting US based online stores for acquisition

E-Commerce entrepreneur Mithun Sacheti is in dialogue with the US based online stores for acquisition in his venture CaratLane

BASF Completes Capacity Expansion of Chemical Intermediate

BASF accomplishes completion of 1,4-butanediol at Verbund site in Louisiana to address the growing demand in North America and South America.

Yokohama to acquire Alliance Tire

Japanese tire giant Yokohama inked a deal to purchase Indian OTR tire manufacturer Alliance Tire for USD1.18 billion

US-based Google comes up with new strategies to fulfil its cloud services strategy

Google takes up new strategies to expanding its cloud services space globally

Axial inks deal with Old World Industries for distribution of liquid caustic soda

Axial Corporation enters into a distribution agreement with Old World Industries for marketing liquid caustic soda across the United States.

Mahindra & Mahindra entering into dairy market, launched milk in Indore

Mahindra & Mahindra, an auto-to-aerospace conglomerate has entered into the dairy market by launching milk in Indore, Madhya Pradesh

Gujarat State Petroleum Corporation and Gazprom agrees on purchase of four LNG cargoes from Gazprom

With the closure of sales for LNG cargoes to GSPC from Gazprom, the LNG business in India is going to receive a big boast

Yokohama expands its OE fitment on Chrysler Pacificas variant of 2017

The North American manufacturing and marketing arm of Japan based Yokohama Rubber Co. Ltd., announced its recent OE agreement with Chrysler

Acme Cleantech Solutions Pvt. Ltd expands solar power project portfolio to 1229 MW

ACME is targeting to commission 7.5 GW of solar energy projects by 2019-20

Samsung India to launch exclusive range of products for online sales

Korean electronics giant, Samsung, is planning to manufacture an exclusive range of products specifically for e-commerce sales

US-based cybersecurity companies take up initiatives to fight against the cyberattacks

Fortinet and Intel Security takes the initiative to strengthen cybersecurity

Sherwin-Williams Plans to Acquire Valspar for USD11.3 billion

Sherwin-Williams, paints & coatings manufacturer, plans to complete the buyout of Valspar by 2017

BMW Choose Hankook tire for Original Equipment Fitment

Hankook will supply first time, ultra-high performance and winter tire to BMW 7 Series.

BHEL commissioned second thermal unit of 270MW in Punjab within one month of commissioning of a first unit of same capacity

Power and Distribution Transformers Market in India is going to grow on account of creation of new power plants in the country

LG overtakes Sony in flat television sales

Bravia maker Sony slips to third position in India’s flat television market

Quantum Plastics expands its Footprints in Mexico with Plasticos Promex acquisition:

Quantum plastics has announced that Plasticos Promex USA Inc. and its maquiladora, International Industrial Services have joined Quantum Plastics.

China based Triangle Group initiates High Performance Passenger Car Tire Plant at its New Plant

Triangle Group began production of high performance passenger car tires at its new production facility in Shandong Province

Oppo announced to locally manufacture 10 lakh 4G phones per month in its upcoming facility

Chinese smartphone manufacturer to setup manufacturing facility in India