Industry News

New York Brand Coach Enters India

Genesis luxury gets into exclusive partnership with Coach to sell latter’s product in India

Sanjeev Kapoor Promoted Company Wonderchef target INR 135 Crores Sales

Kitchen Ware and Appliances company Wonderchef, expects to generate revenue worth INR 135 Crores this fiscal year. The company will also manufacture its product in India starting this year either through acquisition or through setting up their own factory.

Meridian Specialty Yarn Group, Inc. to setup up new textile facility at an investment of USD 8 million

: Meridian Specialty Yarn Group, Inc. a US based specialty yarn manufacturer is planning an expansion of its existing production facility in North Carolina. The construction of 113,000 square feet of this facility is expected to start by the end of 2016 at an investment

Wipro Ventures invested in Altizon Systems

Wipro Ventures, a strategic investment arm of Wipro Ltd., which invests in early-to-mid start-ups. Wipro Ventures has recently invested in the Pune, India based firm Altizon Systems. Altizon Systems, Industrial Internet platform company with high focus on enterprise Internet of Things (IoT).

ZC Thailand initiates TBR tyre Production

ZC Rubber (a.k.a. Hangzhou Zhongce Rubber Company) initiated its operation with the production of its first truck & bus radial tyre at its Thai facility – ZC Thailand.

Parle to Diversify Product Portfolio

Snack and Premium biscuits market is set to see some more competition as Parle, which makes biscuits and confectionary products is going to launch new products in this segment. The company has been largely dependent on biscuits for its revenues and wants to diversify in order to reduce dependence f

Harley Davidson launched “Sportster 1200 Custom” in India

Premium motorcycle brand, Harley Davidson has launched one of its most awaited – “Sportster 1200 Custom” in India. The company has priced the motorcycle at INR 8.9 lakh (ex-showroom, Delhi). According to the company, the Sportster 1200 Custom motorcycle will be imported in CKD (Complete Knock Down

Production of Mobile phones in India reaches 100 million units

India is acting as a magnet for investment which fetches the focus of manufacturing firms especially in electronic vertical of the industry. In the past month, the vertical has gained the investment of INR 1.16 lakh Crore in India. The tremendous growth in the investment in the electronic vertical

Midwest Fertilizer Company LLC Awards EPC Contract for Fertilizer Plant in Indiana, US

Midwest Fertilizer Company LLC, a Kansas based nitrogen fertilizer manufacturer has awarded an Engineering Procurement Construction (EPC) contract for building a world-scale nitrogen fertilizer complex to ThyssenKrupp Industrial Solutions (USA), Inc.

Patanjali is dominating the oral care market eating the market shares of Colgate

Patanjali Ayurved, the Indian FMCG player owned by Divya Yog Mandir is slowly dominating the oral care product market with its tooth paste brand Danta Kanti, with variants such as medicated, advance and junior.

Government of India plans to make public services available on mobile phones

Government of India is focusing to make India – ‘Digital India’. Towards this goal, Government is now planning to launch all public services availability on mobile phones in next five years. The common man would be able to reap the maximum benefit from this initiative as they do not have to pay a v

Covestro targets coatings industry to boost demand for polyurethane materials business in India

Covestro, a Germany based high technology polymer supplier, is set to target the industrial coatings end application area for supplying its polyurethane based polymers. Prior to 1st September 2015, the company was known as Bayer MaterialScience.

Trelleborg’s is all set to expand its penetration in North America Agriculture Tyre Market

Trelleborg has inaugurated its new agricultural tyre manufacturing unit in South Carolina in order to cater the North American market. The manufacturing facility will be manufacturing premium radial tyres for agricultural equipment.

BMW launches updated version of '3 Series' sedan in India for around USD52.90 thousand

German luxury passenger car manufacturer, BMW, on Wednesday (27th January, 2016) launched an updated version of its diesel-powered BMW 3 Series sedan in India, priced between USD53 thousand and USD66 thousand (ex-showroom Delhi). According to BMW India, new 3 Series sedan is domestically manufactur

Altair Semiconductor is acquired by Sony Corporation for $212 Million

Sony Corporation (Sony) announced the acquisition of Altair Semiconductor, a leading developer of Long Term Evolution (LTE) chipsets. Altair Semiconductor is headquartered in Israel and has offices in U.S., China, and Taiwan along with the distribution offices located in Korea, Japan, Taiwan and Gr

Snapdeal to Restructure its website to make it User friendly

E-commerce giant Snapdeal is adding new features to its website to make the user experience more joyful and helpful. Features such as Product Selfies, which allow user to post their picture with the product, enhanced order tracking and a new order page.

EuroChem Group AG signed investment agreement with Agrinos AS

EuroChem Group AG, a Switzerland based agrochemical company, signed a joint equity investment and two strategic collaboration agreements with a Norway based biological crop-additives company, that is, Agrinos AS. EuroChem announced to acquire 22.25 million new shares in Agrinos and has an option to

Big e-platforms are looking for small merchants

India’s largest ecommerce companies like Snapdeal, Paytm, Amazon and Flipkart are looking for small merchants who are selling lot of stuffs from their small stores. The ultimate goal is to increase the number of vendors so that they can attract more buyers.

Polyplastics to expand its engineering plastics compound manufacturing in Malaysia

Polyplastics, a global plastics manufacturer based in Japan, has plans to increase its global presence in the engineering plastics market by expanding the production capacity engineering plastics compound plant in Malaysia.

Camso introduces two wheel loader tyres

Camso Ltd., recognised for manufacturing OTR (off-the-road) tyres and rubber track added two new wheel loader tyres to its product portfolio. As per the company officials, the tyres, namely, WHL 775 and WHL 773, would offer greater productivity at comparatively lower operating cost. The official al