Industry News

PepperTap acquires Jiffstore, a grocery delivery start-up

PepperTap, an on-demand grocery service has closed the acquisition of a Bangalore based grocery delivery start-up, Jiffstore, in a cash and stock deal. The details of the deal are not yet disclosed.

Nizhnekamskshina reached the milestone of 3 million TBR tyre production

The leading tyre maker of Russia, Nizhnekamskshina S.S.C. recently achieved a milestone by producing 3 million all-steel radial truck tyres since the opening of its plant in 2011.

Petroleos Mexicanos (Pemex) announces the expansion of its Refinery Plant

Petroleos Mexicanos (Pemex), a Mexico based state owned petroleum company, engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives.

Kroger makes an $800 Million acquisition of Roundy’s

A Cincinnati based retailer, Kroger, has completed the acquisition of Roundy’s for USD800 Million. The deal will provide Kroger an opportunity to expand and influence the hypermarkets in few of the major cities.

HCL Infosystems to revamp its Strategy, identifies big opportunity in ‘Digital India’

Narendra Modi ‘Digital India’ initiatives are drawing the attention of big corporates in Indian as well as Global markets. HCL infosystems sees opportunity in Government’s Digital India

Michelin Invested in New Logistic Center to Cater European Tyre Market from Hungary

The French tyre maker, Michelin, is going to expand its reach in European tyre markets to 15 countries by investing into a new logistics center to be located in Hungary

Avon expected to sell 80% stake of its North America unit to Cerberus Capital

In a deal totalling USD605 Million, Equity firm, Cerberus Capital Management is taking 80.1% stake in cosmetics company Avon Products' North American business and buying a 17% stake in the company.

Lotte Chemical Corporation’s awarded contract for Monoethylene Glycol plant to Samsung Engineering

On December 17, two leading chemical giants, Axiall Corporation and Lotte Chemical Corporation have decided to set up an ethane based ethylene manufacturing plant in Lake Charles Louisiana, USA.

Reliance Jio to officially launch 4G to Indian Market

Indian telecom giant, Reliance Jio is ready to launch its 4G services, first to its own employees.

Hankook expands Original Fitment Supply to Mercedes for Commercial Vehicles

Hankook Tire Europe G.m.b.H., subsidiary of Hankook Tires South Korea, is going to further expand its original equipment (OE) portfolio in the Medium and Heavy Commercial Vehicle (MHCV) segment as per the agreement with Daimler A.G. for Mercedes-Benz Actros, Antos, Arocs, Econic and Atego truck ran

European tyre production witnessed robust growth in 2014

As per the recent Statistics 2015 report released by European Tyre and Rubber Manufacturers Association (ETRMA), The European production of tyres in the region have impelled its pace during the year 2014, in comparison to 2011, regardless of the worldwide economic slowdown hitting in 2010.

Google CEO dedicated his first overseas visit to India: Seven key takeaways

After the vital visit of Mark Zuckerberg to India in October, global IT giant Google CEO Sundar Pichai has come to India for his two days’ visit. In his special keynote, Sundar Pichai reveals the colossal plans which will take the Indian IT industry to the next level.

Expansion in the Chinese Ethylene Production

Shell Nanhai (Shell) along with China National Offshore Oil Corporation announced plans to expand the production capacity of its ethylene plant

3M forecasted slow-paced Consumer-Electronics Demand

The company had announced, a couple of months ago, to cut almost 1,500 jobs.

Increased Dumping from China-Impacting Gujarat’s Chemical Industry

Gujarat has a strong industrial base in chemicals and petrochemicals industries. During 2014-15, state accounted for about 36% share in country’s chemical production and 18% share in the exports of chemicals from India.

Google’s Android Pay to venture in Australia Market

Australian android users will soon Tap, Pay & Go through Google’s digital wallet –Android Pay. Google is rolling out these services to Aussies in 2016 and strategize to offer Android Pay in other countries next year.

Salesforce acquires MinHash to strengthen its Marketing Intelligence Arm

Global companies follow the shortest path to recruit quality human resource and to launch innovative products; by acquiring dominant start-ups in the ecosystem. Following the same strategy, Salesforce completed its third acquisition of the year.

Strategic Changes announced in Falken Tire Corporation (FTC) North American Business

Due to the termination of the previously held agreement between Sumitomo Rubber Industries Ltd. (SRI) and Goodyear as reported on June 4, 2015, Sumitomo Rubber Industries Ltd. North America business unit will rearrange its business entity as a strategic initiative by the company for increasing its

Dow & DuPont Merger: US Chemical Industry on Turning Point

On 11th December, 2015, two giants of the global chemical industry, Dow Chemical Co. and DuPont Co., entered into an agreement for an all-stock merger to form a new company, which would be name as ‘DowDuPont’.