Industry News

Arkema Acquires Polytec PT to Strength their Engineering Adhesive Portfolio

Arkema Acquires Polytec PT to Strength their Engineering Adhesive Portfolio

BASF Investment in Anode Binder Production to Support Lithium-Ion Battery Industry

With the accelerating shift towards electric, BASF has decided to invest in the production of waterborne negative adhesives to support the lithium-ion battery industry.

''Guerilla'', a new Android malware, infects millions of Android devices globally

Security specialists have discovered a new Android virus called "Guerilla" that has infected millions of smartphones globally, which is a remarkable discovering.

Lummus Acquires Water and Wastewater Treatment Technologies from Siemens Energy

Lummus Technology, a renowned leader in developing technological solutions for a sustainable future, has recently announced a significant agreement with Siemens Energy.

Abbott’s Assert-IQ Insertable Cardiac Monitor Device receives approval from US FDA

Abbott Labs, Inc. receives its first premarket approval from the FDA for Assert-IQ insertable cardiac monitor device.

Asian Development Bank signed a loan worth USD 141.12 million with India to Boost Infrastructure Development

Recently on 25th May 2023, The Asian Development Bank (ADB) and India Government inked a loan deal for USD 141.12 million to support infrastructure development in three industrial clusters located in the state of Andhra Pradesh, India according to the Ministry of Finance, India.

28 Years After Pulling Out, NNPC Resumes Crude Oil Drilling Campaign in Chad Basin

Almost three decades after leaving the location due to the revelation that the oil find at the time was not in commercial quantity, Nigerian National Petroleum Company Limited (NNPC) officially started its drilling campaign in the Chad Basin, Borno State, yesterday.

For Sembcorp Industries, Mitsubishi Power would Build A 600MW Hydrogen-Ready Power Plant in Singapore

Mitsubishi Power, a leading global provider of energy solutions, collaborated with Sembcorp Industries to develop a 600 megawatt (MW) hydrogen-ready power plant.

DJB Plans to Increase Water Output by Installing Two Hundred Tubewells

DJB Plans to Increase Water Output by Installing Two Hundred Tubewells

Fuel Cell Energy and Chart Industries collaborate on Hydrogen and Decarbonization Technologies

A Memorandum of Understanding (MoU) has been signed between FuelCell Energy and Chart Industries to work on developing a technology of carbonate fuels which can produce electricity while recycling CO2

India's Renewable Energy Sector Surpasses 300 GW Milestone

India's renewable energy sector has achieved a significant milestone by surpassing the 300 GW mark, with 172 GW already installed and an additional 129 GW under implementation and tendered, according to recent reports.

Brazil Rejects Offshore Oil Drilling Request from State Oil Company

Recently, Petrobras was denied permission by Brazil''s environmental regulator to conduct an oil exploration operation near the mouth of the Amazon River. The oil business planned to begin drilling in the Tapajos Basin, which is a region close to Brazil''s northern coast.

Wipro Expands Google Cloud Partnership to Advance Enterprise Adoption of Generative AI

Wipro, a leading global information technology, consulting, and business process services company, has announced the expansion of its strategic partnership with Google Cloud to accelerate the adoption of generative artificial intelligence (AI) in the enterprise sector.

Bausch + Lomb bags FDA approval for MIEBO

MIEBO is the first and only prescribed that directly targets dry eye diseases (DED)

Krystal Biotech’s Topical Gene Therapy Receives FDA Approval

Krystal Biotech''s beremagene geperpavec (B-VEC) has been authorized by the FDA for treating wounds of dystrophic epidermolysis bullosa (DEB).

RINVOQ (upadacitinib) approved by U.S. FDA to treat Chron’s Disease

AbbVie announced that they have received FDA approval for RINVOQ (upadacitinib) for the treatment of moderately to severe Chron’s Disease.

Synthego Opens GMP Guide RNA Manufacturing Facility

The new 18,000-square-foot State-of-the-Art GMP synthesis facility will help meet the growing demand for high-quality, CRISPR-enabled in vivo and ex vivo therapeutics.

Dxi 9000 Access Immunoassay Analyzer Launched by Beckman Coulter, Inc.

DxI 9000 Access Immunoassay Analyzer Boasts Industry’s Highest Throughput per Footprint.

SAP incorporates the generative AI technology from Microsoft

A new partnership between SAP and Microsoft has been revealed. It will use generative AI to address important business issues.

The Estée Lauder Acquired TOM FORD Brand

United States: In April 2023, The Estée Lauder Companies Inc. announced that it had completed its acquisition of the TOM FORD brand and is now the sole owner of the brand along with all of its intellectual property.