Industry News

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.”

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.

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

PayPal to Buy Japanese Buy Now Pay Later Service Platform Paidy for USD2.7 billion

The BNPL industry is anticipated to rack up USD680 million in transaction volume by 2025

Renault to Debut its First Compact Full-Electric Vehicle

The new Megane E-Tech Electric based on Renault-Nissan Alliance’s CMF-EV platform features two power levels, two battery ranges, in-built Google functions, and an infotainment system.

Indian Motorcycle Unveils Two New Models for Indian Market

American Premium Motorcycle Manufacturer, Indian Motorcycle launched two cruisers, Springfield and the Chieftain Dark Horse

MasterCard introduces ‘selfie pay’ biometric authentication app in Europe market

MasterCard recently launched selfie pay biometric authentication for its European customers

Food Safety and Standards Authority of India (FSSAI) to Monitor Online Food Ordering

The apex food regulator in the country Food Safety and Standards Authority of India (FSSAI), has planned to regulate the quality of food which is ordered online

Ola Marks Entry into Electric Two-Wheeler Segment Launching Ola S1 and S1 Pro

Ola S1 and S1 Pro come with a claimed range of 121km and 181 km respectively, and the scooters can be accessed with a ‘digital key’ through a smartphone.

Puregas Solutions Awarded a Contract from Wartsila for the Supply of BioLNG Plant

Upgrading BioLng plant with new technology will help in increasing the SSLNG Production.

Is Climate Change the Sole Factor Driving the MEA Air Conditioner Market?

Rise in temperatures and increase in number of mega events are major drivers for the MEA air conditioner market

Activism and Exports: India Leather Chemicals Market

Today we examine the interlinking between activism and global demand and how this interlinking impacts the global leather chemicals market

Strong Demand for Membrane Bioreactors in Gulf Nations:

As per the ranking published by the World Resources Institute (WRI), Bahrain, Kuwait, Palestine, Qatar, the United Arab Emirates, Saudi Arabia and Oman stood as the leading 10 nations which would face absolute water scarcity through 2040

Watch Out for Industries Boosting Glass Mat Applications in the United States:

The Glass Mat can be defined as a mat which is woven out of selective glass fibers so as to impart exclusive properties such as good acid resistance, flexibility, light-weight and many more.

Salesforce to Takeover Israeli firm ClickSoftware

Salesforce announces signing definitive agreement for acquisition of ClickSoftware, to diversify beyond CRM software and become a leader in the field service software industry

Arcadia Biosciences Enters into Collaboration with Arista Cereal Technologies and Bay State Milling Company

Arcadia Biosciences, Arista Cereal Technologies and Bay State Milling Company are partnering for commercialization of high fiber wheat

Revel to Introduce Fleet of Tesla Taxis in NYC Streets

Revel plans to launch an app-based car service in New York, debuting a fleet of 50 baby blue Tesla Model Y SUVs

Kerry Group Acquires Preservatives Manufacturer Niacet for €853m

Kerry Group has entered into an agreement with Niacet to sharpen its focus on its core ingredient business and fulfill the rising demands for long shelf-life plant-based food items.