Industry News

Pakistan imposes anti-dumping duty on the import of industrial chemical from India

National Tariff Commission (NTC), which is a part of the Ministry of Commerce and Textile Industry in Pakistan and protects the interests of indigenous industry, has imposed antidumping duty on the import of ‘Sorbitol’ from India for five years.

Cisco launches new enterprise product, Cloud Consumption as a Service platform

Cisco introduced the new enterprise product -Cloud Consumption as a Service to monitor the use of third party software provided on cloud by the employees within the organization. The product aims to mitigate the issues arise due to the usage of unauthorized cloud services which employees use that a

Yum India to Work Without a CEO

Kentucky based Yum brand, the company that has been in India for more than 12 years, owner of Divisions such as KFC, Pizza Hut and Taco Bell has decided to alter is strategies in Indian and other Key markets

W. R. Grace formed a new entity, GCP Applied Technologies for its construction chemicals business

W.R. Grace & Co., Maryland based company announced to form a separate entity GCP Applied Technologies for its construction chemicals business. The spin-off is expected to be completed by 3rd February 2016.

Foxconn plans to double smartphone manufacturing capacity in India

Foxconn, a Taiwanese multinational electronics contract manufacturing company is planning to double the manufacturing capacity of the smartphone in its India’s plant located in Andhra Pradesh in the year 2016.

Metzeler to expand its motorcycle slick tyre line

Metzeler Tyres have launched two completely new slick tyres under its motorcycle tyre portfolio in the beginning of the new year. The newly added treadless pairs i.e. Racetec RR Slick especially

Emami Shakes Honey Category

Emami has made an entry under its Zandu brand in packaged honey category. Honey segment is said to be fast growing and less cluttered and this entrant can fasten the growth of this segment which has been growing in single digit so far.

NIIT Technologies bags £23 million deal from Ofcom

Indian IT solutions company, NIIT Technologies have entered into an agreement with the United Kingdom communications regulator –Ofcom for provision of Information and Communication Technology (ICT) Services.

Goodyear Tyre Roll Out Next Generation Online Tyre Portal in UK & Ireland

In a strategic move to upscale its sales network, the Goodyear tyre has rolled out its next generation

Royal Adhesives & Sealants acquired Adhesive Systems Inc

Royal Adhesives & Sealants, an Indiana (United States) based company announced to acquire Adhesive Systems Inc

Ricoh India joins hands with Siemens for digital lifecycle management software

Ricoh India, imaging solutions and IT services company have partnered with Siemens to strengthen its position as one stop solution provider to manufacturing companies

Tata Group Back in Cosmetics Business

Indian cosmetics segment has got another player and this time it’s India’s $100 billion conglomerate Tata Group.

Paytm Acquired Consumer Prediction Platform Shifu

An online payments and commerce firm, Paytm, has acquired Shifu, a consumer prediction platform based out of Delhi, for $8 Million.

Tech Mahindra and MetricStream joined forces to serve worldwide

Tech Mahindra, an Indian leading technology firm which provides IT, engineering & networks and BPO services tie-up with MetricStream,

Three Food Packaging Chemicals Banned by US FDA

Three perfluorinated compounds (PFCs) were banned by the US Food and Drug Administration owing to their similarity in structure with other toxic compounds prohibited by the agency.

Giti Suspends Production at Chonqing Plant

Giti Tire Group has suspended the production at its Chongqing tyre plant which was well known for the production of radial truck tyres.

Titan Montblanc JV to Invest INR 250 Crores in 5 Years

Retail Joint Venture between Titan company and Netherlands based writing instruments manufacturer Montblanc is poised to make big

Bureau Veritas Consumer Products Services Acquires an Italian Leather and Luxury Goods Laboratory, CERTEST

16th December 2015, Bureau Veritas Consumer Products Services is acquiring CERTEST, a private and independent laboratory specialized in testing of leather, apparels and luxury goods.

PayTM and IRCTC join hands for e-catering payments

PayTM, a leading payment and e-commerce provider in the country opens a new path for Indian Rail passengers to pay for food

MOL Group- Upsurges Butadiene Production

Butadiene is a highly reactive volatile organic compound and is used as an industrial chemical in the form of a monomer.