Industry News

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

Camso expanded its range of OTR Tyres in Atlanta

Camso unveiled its Telehandler Tires range at “The Rental Show” in Atlanta, which was hosted by the American Rental Association

Arizona Polymer Flooring acquires Super-Krete International

Arizona polymer has acquired U.S.-based Super-Krete International with the aim of entering into both residential and commercial construction segments with its innovative and diversified product portfolio

BKT to Debut Earthmax SR31 OTR Tyre Globally

OTR tyre giant Balkrishna Industries Ltd. (BKT) is poised to display a new tyre - Earthmax SR31 at Bauma 2016

Juspay received INR 40 Crores funding from Accel Partners

Venture capital firm Accel Partner invested in mobile payment startup to support in product development

M&M opens all four doors for Indian electric vehicle market: FAME powering the ride

Mahindra & Mahindra, the leading electric vehicle manufacturer of India, today launched its much awaited four doors electric vehicle, E-Verito

Lenskart Solutions to get INR 170 Crore Investment

World Bank arm IFC is all set for Investment of INR 170 Crore in Lenskart solutions

Danish Robot manufacturer eyes on Indian market

Universal Robots targeting Indian manufacturing units to sell its new industrial robots

With revival of stranded gas based plants, India has produced highest ever generation in the year 2015

With installed capacity of 11,717 MW of stranded gas plants, scheme for utilization of gas based power generation is proposed to achieve record growth in power generation from gas based power plants

Timex eyeing 30% growth in next fiscal year

USA-based watch company expects to increase its sales by 30% in the coming fiscal year.

Kossan Rubber Plans to Expand Synthetic Rubber Gloves Manufacturing Capacity

Kossan Rubber Industries Bhd plans to invest USD106.86 million to setup new facilities in Malaysia