Industry News

Nokia is Set to Deploy First 4G Communication System on the Moon with NASA

Later this year, Nokia will introduce cutting edge technologies on the moon by deploying 4G/LTE internet services which aim to transform communications systems on the lunar surface by carrying reliable, high rates while covering power, size and cost. NASA has partnership with Nokia as a part of “NA

India Emerges as Europe''s Largest Supplier of Refined Fuels

India has made significant strides in the global oil and gas industry in recent years, emerging as a major player in the field. A notable accomplishment for the country is its status as Europe''s largest supplier of refined fuels, surpassing Russia in this regard. This achievement is a direct resul

ible Airvida T1 Ionic Personal Air Purifier Launch at CES 2023

The Airvida T1 person air purifier and noise-canceling headphones from ible Technology were unveiled at CES 2023, elevating the art of air purification. This personal air purifier assists an individual in easy breathing when an individual has encountered a sinus-clogging wall of pollen and other ai

Himachal Pradesh Government Announces an Increase in Water Cess to Fund Water Conservation & Management Initiatives

The government of Himachal Pradesh has recently announced an increase in the Water Cess, which is imposed on the use of water for various purposes within the state under the Himachal Pradesh Water (Prevention and Control of Pollution) Act, 1974.

Indian Government Approves Largest Ever USD 3.9 billion Hydropower Project Bordering China

National Hydroelectric Power Corporation (NHPC) gets approval from the Indian government for the largest ever hydropower project – Dibang Multipurpose Project (MPP) in Arunachal Pradesh near China border as the country pursues to foster renewable generation to meet awakening power demand.

US Army To Customise Long-Range Jammer For Europe And Asia-Pacific Theatres

The US Army has modified its strategy for electronic warfare, signals intelligence, and cyber systems with the TLS-EAB system for larger army formations.

India gets its Medical Device Policy

The new National Medical Device Policy which will help India become self-sufficient in MedTech Market

NEDO Collaborated with TechSci Research for Webinar on India Drone Market

New Energy and Industrial Technology Development Organization (NEDO), in collaboration with TechSci Research, conducted a webinar titled India Drone Market-An Emerging Opportunity in India on March 29, 2022.

CAMS Buys Majority Stake in FinTech Startup Fintuple

Leading financial infrastructure for mutual funds, Computer Age Management Services Limited (CAMS) has acquired majority stakes in a digital-focused FinTech startup, Fintuple Technologies Private Limited, for an undisclosed amount.

Cadila Healthcare Rebranded as ‘Zydus Lifesciences’

Cadila Healthcare, a leading pharmaceutical company in India, has rebranded itself as Zydus Lifesciences Ltd. with an aim to create a new brand identity.

China Authorizes USD3.3 Billion EV Joint Venture of Audi and FAW Group

The Chinese government has granted authorization to construct an electric vehicle plant, a joint venture of German automaker Volkswagen and its Chinese state-owned partner, FAW Group, in the provincial capital of Changchun city.

Bosch India to Invest USD270 Million for Localizing Advanced Auto Tech

Recently, Bosch launched a digital marketplace to offer its mobility-related assets under one platform to improve utilization and efficiency elements across the ecosystem

New Ola Futurefoundry to Be Set Up in UK

The new facility in the UK will facilitate the auto company in building a multi-disciplinary team to cater to the global consumer demand for affordable and efficient electric vehicles.

Lupin Enters China Generic Medicine Market Partnering with Fancoo Pharma

Lupin plans to expand its product portfolio including complex generic drugs and specialty magazines in the global marketplace, exploring new partnership opportunities.

Kangaroo leads the Global Hydrogen Water Purifier Market

The global hydrogen water purifier market is expected to experience a higher growth rate in the forecast period, owing to the growing awareness of health and hygiene among the population, particularly after the COVID-19 pandemic, lack of availability of clean drinking water, etc.

Rentokil Initial to Buy Rival Terminix in USD6.7 Billion Deal

British pest-control services provider Rentokil Initial is set to acquire its rival, Terminix Global Holdings, in a USD6.7 billion deal to boost its commercial and residential pest management expertise in the United States, the world’s largest pest control market.

Union Cabinet Approves Rs.76,000-cr PLI Scheme for Semiconductor Manufacturers

The Union Cabinet has approved a budget of Rs. 76,000 crores (USD9.9 billion) for a production linked incentive (PLI) scheme under the government’s ambitious project named “Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India.”

Baxter Becomes Global MedTech Leader with Hillrom Acquisition

Leading healthcare company Baxter International Inc. has completed the acquisition of medical equipment manufacturer Hillrom Holdings, which makes the enterprise a global MedTech leader with a valuation of USD15 billion

RIL to Acquire Europes Largest Solar Panel Manufacturer for USD771 Million

The acquisition of REC Group will facilitate Reliance Industries’ new energy initiative of developing around 100 Gigawatts of clean energy from renewable sources by 2030.

MindMed to Collaborate with Sphere Health to Enhance Mental Health Treatment

As per the Centre for Disease Control and Prevention (CDC) report, people with depressive disorder increased from 36.4% to 41.5% from August 2020 to February 2021, and adults between the age group of 18-29 are the most affected. A leading biotech company, Mind Medicine, has planned to build a stra