Industry News

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.

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.