Industry News

Kia, PSA and SAIC Motor Companies Set to Make in India

As income levels rise and doing business becomes easier, more companies are looking to set up manufacturing bases in India to cater to a robust indigenous market for passenger vehicles

Walgreens-Rite Aid Merger Off the Table. Walgreens to Instead Purchase 2200 Rite Aid Stores

Given concerns with anti-trust issues, Rite Aid and Walgreens have decided to call of their merger. Walgreens is expected to buy 2,200 Rite Aid stores instead, keeping in mind a muscular and expansionist Amazon which is said to be looking into entering the pharmacy chain market.

ChemChina Acquires Syngenta for $43 Billion

The acquisition of Syngenta by ChemChina will quite possibly end up being a marriage of convenience, with the Chinese market hungry for innovative agricultural technology providing enough room for Syngenta to grow into the world’s biggest biotech company

Consumer Durables May be Hard Hit by GST but Companies See Plenty of Positives

Consumer durables sector is rather gloomy about not getting its preferred 18% tax brackets, industry insiders are not too ruffled about the high tax rate, expecting the GST to make up for lost earnings by streamlining the tax collection process

What Goes Where: How GST Impacts Automotive Sector

The new GST reforms set to be launched by July 1 2017 promises a mixed bag for the automotive sector. While the price of some class of vehicles may get cheaper, some others may get more expensive, as per the indications of the GST council. Here is a comprehensive look at the automotive sector and t

GST to Prove a Challenge for Oil & Gas Sector in the Short Run

Dual compliance and confusion over input tax credit redemption are key challenges that still remain in the hydrocarbon sector. It remains to be see whether the world’s 3rd largest oil consumer can ensure smooth GST implementation in this key sector

Will IT Industry Sink or Swim Post GST? An Analysis of the Sector’s Major GST Talking Points

While tax incidence is set to decline, ease of doing business may suffer slightly. TechSci experts analyse the outcome and impact of GST on the Indian IT industry

A Bearish Oil Market Leaves OPEC at Uncertain Crossroads

Crude oil prices are currently hovering on $ 42 per barrel, on track for their worst first-half show since 1997. TechSci explores one of the major reasons for this decline: the burgeoning shale oil industry

Pirelli and Renault to Collaborate on INFINITI’s Q60 Project Black S

Italian tire maker Pirelli is expected to custom built tires for the well liked INFINITI Q60’s Project Black S version

Malabar Gold Plan on Windfall Gains Post-GST, to Open 80 New Outlets

Expecting a favourable post-GST clime for gold industry, Malabar Gold is planning on investing Rs. 2,000 crores in 80 new stores to try and gain an early advantage over competitors like Tanishq and Kalyan Jewellers

Adani Ports gets rating upgrade, with better outlook

Global ratings agency S&P revised outlook on Adani Ports from a negative to stable. Will it be a boost for India port infrastructure?

Michelin acquires fleet telematics major NexTraq

French tire manufacturer Michelin’s acquisition of NexTraq shows that the future of competition in the global tire market will be digital in nature

Implications of France Presidential Election on ICT Sector

The presidential election in France witnessed no political candidate achieving a clear majority, with candidates from the traditional political parties also failing to impress.

Real Estate Regulatory Act: A Major Growth Driver for India Construction Chemicals Market

Implementation of the long awaited Real Estate Regulatory Act is expected to bring a paradigm shift in the functioning of India real estate industry.

Chinese Solar PV Module Manufacturers Dominate the Global Solar PV Module Market.

Global photovoltaics market is forecast to exhibit a CAGR of over 15% during 2016 -2022, due to various reasons such as their eco-friendly attributes, minimum maintenance, and cost saving.

China Prolongs Anti-Dumping Duty on Imported Rubber

Ministry of Commerce (MOC) in China has extended the anti-dumping duty rates on chloroprene rubber imports from Japan, the US and the EU.

Ransomware raises alarm in global cyber security market

Ransomware has emerged as the most terrible threat to IT security for organizations across the world. It is believed that, on 15 May 2017, ransomware hit almost 150 countries including all the major economies such as US, UK, China, Japan, India, Germany, Spain and Russia.

Gardener Denver Gets Listed on New York Stock Exchange

Gardener Denver Holding Inc., a leading US based organization involved in the manufacturing and distribution of industrial equipment, technologies and other parts services globally, has completed the procedure to list its shares at the New York Stock Exchange (NYSE).

Recently unveiled Anti-Dumping Duty and National Steel Policy on steel products to benefit tonnage market of Industrial gases in India

India is one of the few countries which have remain unaffected through global overcapacity and slowdown in metal sector during 2014-16 period.

Clariant-Huntsman Announce Merger in a Deal Worth $20 Billion

Clariant International Ltd. and Huntsman International LLC on Monday, 22 May 2017, announced a definitive agreement meant to merge and create a $20 billion global speciality chemicals company. The new entity will be called HuntsmanClarient.