Industry News

ITC sees a rise in its market share

ITC sees a rise in its market share

BASF and Petronas commence the construction of HR-PIB production facility in Malaysia

BASF and Petronas Chemicals joint venture starts the construction of a highly reactive polyisobutene plant in Kuantan, Malaysia.

Toyo tires launch Open Country UT tires for SUVs and Pick-ups

The Japanese tire company has recently introduced Open Country UT tires for the SUV and Pick-up truck’s segment.

US-based Cisco decided to invest over the start-ups and creating talent pool in India

Cisco to support start-up ecosystem and committed to create skilled human resource in the country

Government led policy to promote gas based power generation is going to be a big boast for LNG business in India

With auction of imported gas under power sector development fund scheme the gas based power generation business is expected to expand in near future

Air Products & Chemical Inc. expected to sell its performance material business to Evonik Industries.

Evonik in talks to purchase performance materials business division of Air Products and Chemicals worth USD3.5 billion.

KBT Tyres was appointed as the official partner of Magna Tyres in Ireland

The OTR tire giant based in Netherlands is looking forward to spread its reach in Ireland with the assistance of the renowned KBT Tyres

Honeywell Automation appoints former CFO of Wipro as its Chairman

The former CFO of Wipro, Suresh Senapaty has been appointed as the Chairman of Honeywell Automation India Ltd.

The finding of Canada’s National Energy Board estimates 219 tcf of marketable unconventional shale gas at Liard Basin in Canada

Liard basin in Canada has identified as one of largest shale gas deposits available in the World

In India, over 68% of milk does not qualify the standards

Around 70% of milk in the country does not confirm to standards as per the food regulator

GSFC signs agreement with Karnalyte Resources for the construction of potash project

Gujarat State Fertilizers and Chemicals to invest around USD700 million for the construction of potash mine in Canada.

Apparel Fashion brand Neil Barrett enters India

Italian fashion brand Neil Barret teams up with Fervour to enter Indian Market.

Yokohama expanded its commercial vehicle product line with Geolander

The American subsidiary of the renowned Japanese brand, Yokohama Rubber Company, introduced a new for light commercial vehicles, the Geolander AT G015

Mid-sized IT player Persistent Systems partners with IBM on Internet of Things

Pune-based Persistent Systems announced its tie up with IBM on the Internet of Things by launching a specialised engineering software suite for IBM Watson IoT Platform.

Russia’s leading oil & gas company Rosneft is planning to buy stake in Essar Oil

Strategic deal likely to improve the E&P activities thereby influencing the Oilfield Services Market in India

Increasing focus on solar power generation will provide big thrust solar power equipment market in India

The solar power equipment manufacturers is looking to tap the opportunity as solar power replaces thermal unit

Voltas anticipates double-digit growth in the Air Conditioner market

The Voltas company which is owned by the TATA group expects double-digit growth in the air conditioner segment.

Wipro joins hands with Schneider Electric to develop smart city solutions

Wipro entered into strategic partnership with Schneider Electric to develop efficient solutions for India Smart Cities

Rentech Nitrogen Divested Pasadena Fertilizer Facility

Rentech Nitrogen Partners, L.P completed the sale of its manufacturing facility at Texas for a cash payment of about USD5 million and a cash working capital adjustment of about USD6 million.

Industrial Development and Renovation Organisation along with Iranian government broke ground for its 3rd greenfield tire plant in the country

The Iranian Government and IDRO have decided to launch their third tire plant, called the Arya Hamoon Tire project.