Industry News

US-based Bokanyi Consulting acquired by Kellton Tech

Bokanyi Consulting, a US-based cloud and analytics service provider is acquired by the Indian based Kelton Tech through the internal accruals. Kelton Tech is a IT service provider which focuses on iSMAC (Internet of things, Social, Mobility, Analytics and Cloud).

Cooper opens first sales office in Brazil

Tyre giant, Cooper Tire & Rubber Co. has established its first sales office in Sao Paulo, Brazil to strengthen its sales and distribution network in the country. The new sales office, Cooper Tire & Rubber Co. Brasil Fabricacao, Importacao e Distribuicao de Pneus Ltda. is established as a step in th

Apple to setup a new technology center and back office operations in India

Apple, the premium smartphone brand is planning to open a new technology center and back office operations office in Hyderabad, India. The center is planned to accommodate 2,500 employees in its 2.5 lakh square feet space.

Dairy Drinks competition to intensify

Vio, a Coca-Cola’s carbonated milk drink is set to be launched in India. The step marks Coca-Cola India’s first concerted foray into value added dairy segment. Country’s per capita consumption of milk is high and offers huge opportunity in this segment. The dairy category is estimated to be worth I

ExxonMobil and Renewable Energy Group Explore Potential to Manufacture Biodiesel using Microbial Fermentation

ExxonMobil Research and Engineering Company, a research subsidiary of Exxon Mobil Corp., has entered into an agreement with a North America based biofuel manufacturer, that is, Renewable Energy Group, Inc. (REG) to conduct a research regarding biodiesel production

Zomato to double its revenue in current fiscal

Zomato which is one of the leading company that lists restaurant menus and captures consumer ratings, has now entered the online ordering business is planning to double its revenue by Mar 2016.

Samsung launched Mobile Virtual Reality Handset in India

Samsung Electronics launched Samsung Gear VR (Virtual Reality) handset in association with Oculus in Indian markets.

3M to divest Pressurized Polyurethane Foam Adhesives Business

Innovative Chemical Products Group, a specialty coatings and adhesives company signed an agreement with 3M company to acquire the later company’s pressurized polyurethane foam adhesives business.

Bridgestone Hungary expansion going as per plan

The officials at Bridgestone Europe have dismissed the recent rumours regarding the company’s intentions of delaying the planned expansion of its tyre manufacturing units at Tatabanya, Hungary.

Continental Automotive announces to locally produce Passenger car ABS and ESC at its plant in Gurgaon, Haryana

On account of increasing awareness and acceptance of safety technologies like airbags, Anti-lock Brake Systems (ABS) and Electronic Stability Control (ESC) in India, the Chassis & Safety Division of Continental Automotive has announced to start its production for ABS and ESC units within 2016.

Coca-Cola to Re-Structure its Brand Identity in India

US beverage maker Coca- Cola is re-designing its strategy for Indian market. The company will be changing the design of the pet bottles and cans of coke, coke Zero and Diet Coke and all the three brands will have a same look with minor variations.

Clariant to set up healthcare packaging plant in Tamil Nadu, India

Clariant, a Swiss based speciality chemicals company began the construction of a new Healthcare Packaging manufacturing plant in Cuddalore, Tamil Nadu. As announced in December 2015, the company would be investing approximately USD9.44 million in the plant that will manufacture moisture control

PayTm in talks with ICICI Group and Citibank

PayTm the prominent player in mobile wallet and e-commerce marketplace space is talking to many leading financial & banking players in the country.

Godrej & Boyce now owns 51% stake in accessories brand ‘India Circus’

Godrej & Boyce has acquired a 51 percent share in ‘India Circus’, which offers contemporary and affordable home décor and personal accessories. This acquisition intends to strengthen India Circus’s market position in domestic and international markets and at the same time supplement the home furnit

Volkswagen moves ahead to prevent another diesel scandal

Volkswagen AG is working on a new ideology and providing developer more responsibility and time for observing the car through different stages to the end of production in order to prevent another diesel scandal.

Freecharge targets US$ 3 Billion business in next fiscal

Snapdeal acquired digital payments platform -freecharge has set the target of next fiscal. The company is aiming three-fold upsurge in the Gross Merchandise Transactions to reach US$ 3 Billion.

Evonik and AkzoNobel to start membrane electrolysis plant in Ibbenburen, Germany

Evonik Industries, a Germany based specialty chemicals company, announced the construction of a new membrane electrolysis manufacturing plant in association with AkzoNobel in Ibbenburen, Germany.

Indulekha Gets the New Owner

Unilever has always been very keen on making acquisitions globally in the natural products segment and the company has achieved a breakthrough in India as well. Moson’s group personal care brand Indulekha has got the new owner -Hindustan Unilever and will flourish under this new umbrella.

Microsoft pledges $1 Billion of Cloud Computing resources for ‘Public Good’

The technology giant, Microsoft committed to provide Cloud Computing Services including CRM Online, Microsoft Azure, Enterprise Mobility Suite, Power BI, and so on with nonprofit and university research projects, over three years.

Clariant & Chicago Bridge and Iran Company to develop dehydrogenation unit in Dalian, China

Hengli Petrochemical (Dalian) Refinery awarded a contract to Clariant and CB&I (Chicago Bridge and Iran Company) to develop a propane and butane dehydrogenation unit in Dalian, China. Under the project, the two companies would be designing and licensing the co-processing unit. Wherein, Catofin cata