Industry News

Continental and Yokohama to end their 14 year old Joint Venture.

The Japanese tire maker is about to terminate its joint venture with Continental Tires w.e.f 1st April 2016.

Iba Halal Care targets a turnover of INR1000 crore by 2019

The country’s first halal cosmetic brand which was launched in September 2014 has targeted a turnover of INR 1000 Crore by 2019.

DOW Corning and ChemPoint Entered into Distribution Agreement for Specialty Products

Dow Corning and ChemPoint entered into a contract for distribution of specialty products in the Canada and United States

Bridgestone announces Expansion of its North Carolina Plant.

The Japanese tire maker plans to expand its passenger tire manufacturing plant located in Wilson, North Carolina.

Apple may deploy OLED displays in its upcoming phones

iPhone 8 and iPhone 7S, the upcoming smartphone of Apple to have AMOLED displays

Increase in the clean energy cess makes solar power more competitive

Cess on coal, lignite and peat to be increased from INR200 per tonne to INR400 per tonne

Crompton Greaves Ltd is selling its power transmission & distribution business outside India to First Reserve International Ltd, USA

Crompton Greaves Ltd is focusing on reducing debt and core Indian businesses by selling global power T&D business

Zoetis and Merial together to market dairy products in India

Zoetis and Merial join hands to sell medicines for dairy cattle in India

Covestro and Nanodax Comes Together to Develop Polycarbonate Composites

Covestro, a Global polymer company, has entered into an agreement with Japan-based Nanodax to develop new polycarbonate composites reinforced with glass wool.

Camso expands manufacturing in Vietnam

The Industrial Tire specialist took a strategic decision to gain leadership position in target market

Security is the key concern in multi-stakeholder , says India Communications and Information Technology minister

Ravi Shankar Prasad suggested Government to focus on IT security in implementation of multi-stakeholder

Dorf Ketal (Mumbai) completes the acquisition of Flow-Chem Technologies

Dorf Ketal Chemicals India Private Limited has acquired an oilfield chemical provider, Flow-Chem Technologies LLC

Pirelli commends its OE connections at Geneva Motor Show

The Italian tire maker was one of the prominent players, present at the 86th Geneva Motor Show, which discussed about its recent homologation

Google to join hands with Telecom operators for its Google Loon Project

Google in talks with Telecom Operators to initiate its Internet Balloon Project

With government’s initiative to provide subsidy on auction of imported natural gas, the gas based power generation will receive a big thrust

With 1600 crore of gas subsidy auction, the gas based power generation of capacity 24GW is going to see revival

Godrej to acquire personal care companies with a budget of INR 3,000 crore

Godrej Consumer Products Ltd (GCPL) has planned to start acquiring home and personal care companies in Africa, Indonesia and India with a budget of INR 3,000 Crores.

Amazon India to launch mobile wallet for Indian consumers

As online payment has increasingly become crucial, eCommerce players are entering into mobile wallet space to woo customers

Imposition of anti-dumping duties on solar modules and cells encourages local manufacturing of solar equipment

With a target being set for achieving 100,000MW of solar power by 2022, Government of India are implementing policies for supporting large-scale production through domestic manufacturing

Amazon to set up Second Largest delivery centre in Hyderabad, India

Amazon to build delivery centre in Hyderabad, largest Delivery centre outside USA

A Schulman Plans to Open Innovation and Collaboration Center in the US

A Schulman to open collaboration center for engineered composites in Bay City, Michigan