Industry News

Kate Spade Ventures in India

Reliance brings premium lifestyle brand Kate Spade Newyork to India

Jabong gets additional funding to stay operational for another year

Lossmaking fashion e-commerce company gets USD20 million additional funding to stay afloat for one more year.

Samsung OLED Edge Display Panels on the way to China Market

Samsung is the key supplier of OLED Displays in the Chinese Market, aims to supply with its innovative product

Budget 2016: Revised cess policy, a token of gift for oil producers

Cairn and ONGC the biggest beneficiaries in the new policy of charging cess as a percentage of crude price instead of a specific rate earlier applicable

Wacker Sets Up Technical Center and Subsidiary for Construction Chemicals in Colombia

Wacker is strengthening its presence in South America with a new subsidiary and technical center for construction applications in Colombia.

Michelin Launched X Line Energy Z Steer Tire for Heavy Commercial Vehicles

Michelin expanded its range of commercial tires specifically for line-haul steer applications in four different sizes

eClinicalWorks focus on Indian market, aims to deploy healthcare IT solutions in 200 hospitals by 2016

With the growing adoption of IT solutions in hospitals in India, eClincalWorks set a target to add 200 hospitals to its customer portfolio

With government’s plans to boost natural gas production by providing incentives for exploration can help in driving the market for LNG in India

Favorable policy by the government can help to reduce the demand supply gap of natural gas in India

Dairy Industry to get benefits from Budget 2016

Provisions for dairy products in budget 2016 will add value to the Dairy Industry

Dhunseri Petrochem forms Joint Venture with Thai firm Indorama Ventures

Dhunseri Petrochem Ltd., the petrochemicals division of Dhunseri Petrochem & Tea Limited has signed an agreement with Indorama Ventures Public Company Limited (IVL),

SUV’s and Hatchbacks to get costlier

According to Union Budget 2016, an infrastructure cess has been announced on hatchbacks and SUVs.

PayTm to get more persuasive about its Cashback strategy

To set up a strong foothold and to distinguish itself with the competitors, PayTm will focus on its Cashback strategy more aggressively.

Inauguration of 2,640 MW power complex likely to drive the market for power and distribution transformers in India

Growth in the generation capacity boosts the transformer deployments in India

Coca-Cola Plans to Sell Bottling plant

Coca-Cola India seeks sale of country bottling units valued at USD 1 billion.

Dow AgroSciences Expands R& D Synergy

Dow AgroSciences research and development agreement with Radiant Genomics for crop protection products

Bridgestone Canada Inc. (Bridgestone) announced the expansion of its tire manufacturing facility in Joliette

With an investment of approximately USD250 million, Bridgestone is planning to increase its daily production to 20,000 tires per day by 2023.

‘Digital India’ initiative to be US$ 1 Trillion Opportunity

Collective requirements of IT/ITeS, Telecom, and electronic manufacturing sector would make US$ 1 Trillion business opportunity

India’s outlay for railway electrification has been increased by 50 Percent with target of 2000 Km in FY 2016-17

Indian Railway electrified 27,869 Route Kilometers(RKM) till February 2016 with highest ever 16,00 RKM addition in 2016

Godrej Appliances intends to raise its market share in AC segment

Godrej eyeing to increase their market share in home appliance market by introduction of new air conditioners

M Holland encompasses nylon distribution partnership with Honeywell

M Holland extended the nylon distribution partnership agreement with Honeywell to cater the growing demand for nylon from film industry