Industry News

Philips Automotive has launched GoPure car air purifier

With rising air pollution in the country, Philips are coming out with the products to tap the market opportunity.

KSB released twin pump design as part of Calio Series

KSB Aktiengesellschaft, a Frankenthal-based company, has launched a two-in-one Calio glandless pump for heating and air-conditioning systems.

Vitek, an Austrian Home Appliance Brand, enters into Indian Market Space

An international home appliance brand, Vitek, has entered into Indian market and launched various products selected for specifically Indian Market

Continental starts production of OTR tyres in Romania

Germany based Continental AG’s subsidiary, Continental Commercial Specialty Tires, has initiated manufacturing of two all new radial OTR tyre

CNG fitted Radio Taxis to be exempted from odd-even scheme

As per the Delhi state government, all the commercial vehicles present in a large number in the national capital of the country

Technology giants to expand presence in Indian Market

India has become the magnet for the technological giants, recently Microsoft India announced to set-up center of excellence and Infosys to open its largest campus in India.

Rising Import of Chemicals in Japan, Restraining the Growth of Domestic Production

Japanese chemical industry is expected to benefit from the low oil prices for the next two years. However

PayTm projected to add $500 Million in their e-wallet in 2016

Vijay Shekhar Sharma founder of PayTm expects to add approximately $500 Million in their e-wallets likely to register tenfold increase over this year.

Baba Ramdev’s Patanjali becoming a tough competitor in consumer goods space

Baba Ramdev's Patanjali have 350 products portfolio ranging from noodles and biscuits to shampoos and toothpastes.

EuroChem announced plans to establish a partnership with Agrinos

EuroChem, an agrochemical company headquartered at Switzerland, has signed an equity investment agreement with Agrinos, to magnify the marketing and sales

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