Industry News

Oil Companies May Cut Petrol, Diesel Prices By INR 4-5 per Liter From Aug As State Polls Near

Oil marketing companies (OMCs) may have to cut petrol and diesel prices by Rs 4-5 per liter from August as crucial state elections are likely to be held in November-December.

TotalEnergies launched its New High-Density Polyethylene (HDPE) Resin for Tethered Cap Applications

TotalEnergies launched a new HDPE 20HD07 resin for tethered cap applications, which reduces material usage, enhances recovery, and improves recycling.

Yara Clean Ammonia (YCA) Partners with Cepsa on a Clean Ammonia Supply Deal in Europe

Yara Clean Ammonia (YCA) will be supplying Cepsa with green ammonia to aid the energy company in setting up the clean hydrogen corridor between the ports of Algeciras and Rotterdam for the decarbonization of the transport industry in Europe.

EUROAPI facilitates the Production of APIs to help France and Europe

EUROAPI has undertaken several initiatives to enhance its production capacity for numerous active pharmaceutical ingredients (APIs) that the French government has deemed vital.

Zhaoke Ophthalmology Limited Signs MoU with Eyedetec Medical

Zhaoke Ophthalmology to Commercialize Eye Lipid Mobilizer™ with Eyedetec Medical.

Novartis is set to acquire Chinook Therapeutics for USD 3.5 billion

The Acquisition of Chinook Therapeutics by Novartis will help it in terms of manufacturing innovative medicines for the treatment of kidney diseases.

FDA Approves New Therapy for the treatment of Hospital Acquired Pneumonia

The Food and Drug Administration approved a new medication Xacduro for hospital-acquired pneumonia caused by a bacterial variety that is difficult-to-treat.

Kolkata Metro to Boost Solar Power Generation Capacity

In a significant move towards sustainable energy, Kolkata Metro has announced plans to enhance its solar power generation capacity by an impressive 2792 kilowatts peak (kWp) in the current fiscal year.

Biotalysm NV Raises USD 7.5 Million By Private Investment

Arkema announced that they have successfully secured subscription commitments totaling USD 7.5 million through a private investment in a public equity (PIPE) transaction.

Smith & Nephew plc. Announces 510k clearance of its AETOS Shoulder System

Approval of The AETOS Shoulder System is a latest addition to Smith + Nephew's Upper Extremity portfolio.

South Korea's Shipping Industry Set to Leverage AI Technology for Enhanced Efficiency

In a move aimed at revolutionizing the shipping industry, South Korea''s maritime sector is preparing to embrace artificial intelligence (AI) technology to boost efficiency and streamline operations.

First-Ever OTC Gel for Erectile Dysfunction Receives US-FDA Approval

Futura Medical’s Eroxon is the first topical gel that men with erectile dysfunction can get without a prescription after the US Food and Drug Administration (FDA) approves Eroxon.

Samsung Electronics Collaborates with Solar Edge to Develop Net Zero Home Ecosystem

Samsung Electronics announced that it has contracted a partnership with SolarEdge, the global market player in residential solar and storage solutions, to expand its coverage of the Net Zero Home ecosystem.

FDA grants clearance for Novaliq’s VEVYE Dry Eye Disease Therapy

FDA grants clearance for Novaliq’s VEVYE Dry Eye Disease Therapy

US-FDA approves FoundationOne Liquid CDx for Braftovi

FoundationOne Liquid CDx becomes the first comprehensive genomic profiling test to be approved by the FDA.

Elkem Buys Slovak Carbon Materials Producer VUM

Norway: On June 10th, 2023, Elkem ASA acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute to an additi

Michigan PSC Awards USD 50M in Grants for Low-Carbon Energy Projects

State funds worth approximately USD50 million have been approved by the Michigan Public Service Commission (MPSC) for the improvement and development of low-carbon energy infrastructure projects throughout Michigan.

US-FDA Approves Bionic Pancreas Developed By Bu Lab For Type 1 Diabetics

The Beta Bionics iLet ACE Pump and the iLet Dosing Decision Software have been approved by the U.S. Food and Drug Administration for use in type 1 diabetics six years of age and older.

Haryana Pollution Control Board to Raise Standards for Treated Sewage Water in Order to Prevent Waterbody Pollution

The state pollution board plans to modify the permitted quantities of contaminants and other components in treated sewage water before its release in a significant move to protect Haryana''s waterbodies.

Walton Launched New Models of Smart Refrigerators

Bangladesh: Walton launched the AIoT (Internet of Things) based Giantech (GT) series consisting of three new s of smart refrigerators.