Industry News

AkzoNobel to sell its specialty chemicals to Carlyle Group

AkzoNobel is all set to sell of its specialty chemicals segment to Carlyle Group, a U.S. private equity firm. The deal will be for $12.5 billion in order to transform the company into a focused supplier of paints and coatings.

HFCL to set up 260 Crore optical fiber plant in Telangana

HFCL would be setting up a Rs. 260 Crore optical fiber plant in the Ranga Reddy district of Telangana. The facility would be producing 6.4 million fiber kilometers per annum. The company’s aim is to reduce the input cost and overcome the shortage of fiber supply in domestic and international market

Kuraray Co. Ltd completes its acquisition of Calgon Carbon Corp

Kuraray Co, a Japanese Chemical manufacturing conglomerate has officially acquired Calgon Carbon Group for USD 1.1 Billion. Calgon would operate as a separate subsidiary of Kuraray in the functional Metals segment, along with Kuraray’s Carbon Material Business Division.

Google, to work on its own blockchain technology for the cloud

Google is likely to start working on blockchain-related technology for supporting its cloud business to prevent competition from new start-ups that use the technology to operate online in new ways.

Amul to launch new flavors- ‘haldi doodh’, Irish mocktail

Amul is all set to launch two new flavors- ‘Haldi Doodh’ and ‘Irish Mocktail’. Both the drinks will be rolled-out by Amul for the first time in Easy-To-Open Cans. It is targeting nearly 5 % of the total milk-based beverage market.

Blue Star to target commercial refrigeration products, water purifiers

Blue Star is focusing on commercial refrigeration products and water purifiers as the next growth driver. The company is planning to double both the business in the next two years. The company plans to venture in the Rs 9,000-15,000 segment of water purifiers.

Ford Motor Company and Mahindra Group to co-develop SUVs and a small electric vehicle, Sign MoU

Ford Motor Company and Mahindra Group are all set to sign a MoU, to jointly develop Midsize and compact sports utility vehicles and a small electric vehicle. The companies also plan to co-develop smart car solutions for consumers.

Tata, Goldstone-BYD Bag the E-Bus Contract

Tata Motors and a joint venture between Goldstone Infratech and BYD have bagged the electric bus supply contracts of 9 cities, leaving rivals companies empty handed.

IBM to unveil AI-powered 'Watson' for businesses

IBM is all set to launch ‘Watson’, a smart enterprise assistant powered with artificial intelligence (AI), cloud and the Internet of Things (IoT) that can be used through voice or text interaction. The aim is to assist businesses in enhancing their brand loyalty and transform customer experiences.

Ford to release new ADAS in its cars in the latter half of 2018

Ford Motor Company will release new and advanced ADAS in the second half of 2018. The company claims their ADAS would be much more advanced than its competitors like Honda, Toyota and Chevrolet.

Zevia to launch Ready-to-Drink Organic Tea

Zevia is all set to launch a new line of eight ready-to-drink team flavors. The tea is sugar free, naturally sweetened with stevia, zero calorie, non-carbonated, non-GMO. Zevia’s line now encompasses a wide-range of Liquid Refreshment Beverages.

Samsung SmartThings, HARMAN to enter into a partnership

HARMAN, A wholly-owned subsidiary of Samsung Electronics Co. has partnered with Samsung SmartThings to design and develop the SmartThings App, integrate third-party sensors and drive initiatives for IoT platform hub.

Delta Electronics has launched EV charging solutions

Delta Electronics India launches a complete range of EV charging solutions. The company is planning to launch a fourth manufacturing plant in Krishnagiri, Tamil Nadu in line with the “Make in India” initiative. It is looking forward to investing over US$150 million in the coming years.

Volkswagen to produce Electronic Vehicles worldwide on an enormous scale

Volkswagen Group is all set to expand its fleet of Electronic Vehicle cars at a massive scale. The group has announced that around 16 locations around the world will be producing EVs by 2022 and has already started forming partnerships with battery manufacturers in Europe and China.

Micromax to set foot in new segments, invests Rs. 200 crores in Consumer Electronics Segment

Micromax is all set to foray in the consumer electronics segment to diversify its operations. The handset maker will invest Rs 200 crores into washing machines, refrigerators and air conditioners as it moves towards becoming a consumer electronics brand.

OLX maintains its lead in pre-owned cars, posts 77% sales in 2017

OLX extends its leadership in pre-owned cars segment with growth from all areas of business. Every car listing attains more than 1000 views, and approximately 65 per cent of cars are already sold by the first week. In 2017, the transactions on the platform grew by 25 per cent, from 2.4 million unit

India all set to accomplish 20GW in cumulative solar installations four years ahead

India is all set to accomplish the target of attaining 20GW installed solar power generation capacity four years ahead of the initial set target

Carbon Black Producers Say Nation has surplus Tire Raw Material

CBMA denies shortage of carbon back in the country. The association has asserted that the country in fact holds surplus quantities after production and is compelled to export for optimum utilization of the production capacities.

Godrej Appliances picks up an agreement for an astounding Rs.207 crores from the Energy Efficiency Services Ltd

Godrej Appliances bags a contract worth Rs. 207 crore from the Energy Efficiency Services Ltd (EESL) to supply, install and commission 52,000 smart air-conditioners to replace the current old-air conditioners. The government plans to replace the old air-conditioners with more efficient appliances t

Air conditioner Manufacturers Are Expanding Production by up to 20% to Take Care of Demand this Summer

Air Conditioner manufacturers like, LG, Voltas, Daikin and Godrej are extending their production by up to 20%, with warm temperature in west and south driving demand by more than 15% in February.