Industry News

Renault to recall around fifteen thousand new cars in emission scare

French car maker, Renault, calls around 15,000 diesel-engine SUV’s after a fault was identified in their emissions-reduction system. The recall maybe be limited to the 110-hp diesel version of the Captur subcompact crossover. Company has lost around USD3.6 billion in market value since last Thursda

BAGRRY’S, oldest cereal maker to enter into quick service retail

Country’s oldest Bagrry’s India Ltd which is into cereal maker from past 2 decades, is finally entering into food retailers segments which can provide quick service in their restaurants offering healthier food options. Hence therefore rising competition levels for food chains like KFC and McDonald’

Reliance Communications and Reliance Jio entered into 4G spectrum sharing agreement

Reliance Jio, a Mukesh Ambani-led telecom company entered into the strategic partnership with Reliance Communications. The aim of the partnership is to provide high-speed telecom services in the country.

Camex Ltd. Signs agreement with Tianjin Yadong Longxin International, China

Camex Limited, a Gujarat based dye manufacturer signed a memorandum of understanding with Chinese dye manufacturer, that is, Tianjin Yadong Longxin International Limited for marketing and selling wide range of basic dye intermediates in India. The range of basic dye intermediated include H.acid,

Iran: Audi Plans to Sell its Luxury Cars in Iran Post Easing International Sanctions

Audi is planning to enter Iran automobile market with its luxury car segment. The company has been scaling the opportunity and growth potential in the Iran automotive market for luxury cars, as the P5+1 nations have lifted nuclear sanctions from Iran.

BAGRRY is oldest cereal maker to enter into quick service retail

Country is oldest Bagrry’s India Ltd which is into cereal maker from past 2 decades, is finally entering into food retailers segments which can provide quick service in their restaurants offering healthier food options. Hence therefore rising competition levels for food chains like KFC and McDonald

Godrej eyeing 10 percent share in hand wash and hand sanitizers segment

Emerging markets FMCG leader Godrej Consumer Products Ltd is aiming a 10 percent market share in the hand wash and hand sanitizers segment in coming years with its “Protekt Range” which was introduced in May 2014. The Brand includes three hand wash products, one hand sanitizer and one mosquito repe

IBM signed INR 2.6 Billion deal with BTI Payments

IBM, the multinational technology company entered into a INR 2.6 Billion deal with BTI Payments. The term of the project is seven years. IBM will provide ATM infrastructure management to the BTI payments which already runs over 3,000 white label ATMs in the country. The financial firm is planning t

Nokian Tyres to use Aramid Sidewall Technology

The Nokian tyre, a domestic tyre manufacturer in Finland has decided to switch to new Aramid Sidewall Technology for its SUV tyre range. From 2016, the company has decided to manufacture all its SUV tyre range, including which are already in the market, with its latest technology on the sidewalls c

ChemChina to buy KraussMaffei Group for USD1 Billion

China National Chemical Corp. (ChemChina), along with a group of investors, has agreed to acquire KraussMaffei Group, a Germany based manufacturer of plastic and rubber processing equipment, for USD1 billion.

Country’s Largest Lender, SBI, Partners with Snapdeal to Offer Loans to E-Commerce Sellers

State Bank of India, largest lender of the country, is launching SBI e-Smart SME, in partnership with one of the e-commerce major, to offer convenient working capital to e-commerce players.

HPCL and GAIL to enter in a joint venture for a petrochemical project in Andhra Pradesh

CII Partnership Summit took place in Visakhapatnam on 12th January, 2016 in which upcoming large scale greenfield projects were announced for Andhra Pradesh. HPCL and GAIL announced to enter in a joint venture

Michelin launched an online sales portal for France

Along with the launch of Michelin sport 4 tyre in France, company has also announced its trial on the online sales of tyre directly to the consumer, which would start probably by the first quarter of 2016. Furthermore, the company has announced that its new tyre “Pilot Sport 4” would be the first t

F-Secure focuses on SMB to double business in India

F-Secure, a Helsinki-based cyber security and privacy firm plans to double its operations in India by aggressively focusing on Small Medium Business (SMB) segment. The companies will focus on its corporate B2B segment which has reported the fastest growth in the past.

Heidenau to expand its scooter tyre range

By declaring new sizes for its existing tyre lines, the cross-ply motorcycle tyre company Reifenwerk Heidenau announced that it is going to launch a brand new scooter tyre, K80 SR.

America’s Top Sportswear brand ‘UNDER ARMOUR’ is set to enter into India

The America’s second largest sportswear brand is entering into Indian market rising competition for brands like Adidas & Nike. Although, it is a new entrant in the category, Baltimore based Under Armour has created worries when it passed German sporting goods maker Adidas in the US in terms of prof

KBR acquired 3 subsidiaries of Chematur Engineering

KBR, Inc., a global technology, engineering, procurement and construction company announced to acquire Weatherly Inc., Plinke GmbH, and Chematur Ecoplanning from Chematur Technologies, whose parent company is Connell Chemical.

Tech Mahindra focuses on digital technologies, plan to invest in 22 platforms

The fifth largest IT service provider in India, Tech Mahindra has strategized to invest in Internet-of-Things, Automation, and artificial intelligence.

Nissan-Renault Alliance Rolls Out Millionth Car in India

The jointly owned Chennai plant of Nissan and Renault, which is the largest alliance production facility in the world has achieved the one millionth mark. The plant was constructed in the year 2010 with an initial investment of INR4,500 crores is the production facility for both Nissan and Renault.

Pantaloons, now to be called Aditya Birla Fashion and Retail Ltd.

Indian premium clothing retail chain, which was earlier owned by Future Group has been acquired by Aditya Birla Nuvo Ltd (ABNL) on January 13, 2016 and with immediate effect changed the name to Aditya Birla Fashion and Retail Ltd.