Industry News

FreePaisa, PayUmoney join hands to facilitate transfer of rewards

FreePaisa and PayUmoney entered into a partnership to increase the options for FreePaisa users to utilize their reward earnings at PayUmoney platform

Goodyear awarded with Boeing production supply contract of 777X Aircraft

One of the leading global player of tyre industry, The Goodyear Tire & Rubber Company, on 14 December 2015 announced that the company has been awarded by the Boeing production supply contract of 777X aircraft.

Spencer’s Retail acquires Meragrocer, an E-Commerce Grocery Start-up

Omnipresent Retail, an e-commerce grocery start-up was running their business with the brand name of Meragrocer.com, is acquired by Spencer’s Retail, a hypermarket retail chain, and it will be incorporated as a wholly owned subsidiary of Spencer’s Retail.

PPG completes construction of Electrocoat Blending Facility in China

PPG Industries has completed the construction of electro coat coatings blending division at its resin manufacturing plant at Zhangjiagang, China.

Cooper Tire & Rubber Company to buy a majority of China-based Qingdao Ge Rui da Rubber Co., Ltd. (GRT).

Cooper Tire & Rubber Company, has entered in an agreement with China-based Qingdao Ge Rui da Rubber Co., Ltd. (GRT) and is planning to buy 65% share in the company for around USD93 million.

Wipro deployed IoT platform for JCB India

Wipro cloud based IoT platform is deployed for JCB India a leading construction equipment manufacturer

PSA Peugeot returns to Iran by a JV deal with Pars Khudro

Major Car Manufacturer comeback in Iran under a JV deal

Balchem Corporation Announces Acquisition of Albion International, Inc.

US based specialty performance ingredients manufacturer strategizes to expand its presence in the global nutritional ingredient market

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.