Industry News

Indian Government to Offer Subsidy for MSME’s Deploying Cloud Computing

MSMEs to use common as well as tailor-made IT infrastructure in addition to managed services software

Statoil Discovered Gas in the East of Alve field in Norwegian Sea

The increasing discoveries of proved natural gas reserves will surge the demand for Liquefied Natural Gas (LNG) across the region

Cost of Air Conditioners Go Down Sharply

Prices of premium air conditioners have gone down sharply this summer

Intel to Buys Israel’s Mobileye for USD15 Billion

The renowned IT firm, Intel is about to enter into largest cross border deal with the acquisition of Israeli automotive tech firm Mobileye

Nexeo Solutions To Acquire Ultra Chem in Mexico

Nexeo Solutions, a distributor of plastic material and chemicals, enters into an agreement to acquire Mexico based distributor company, Ultra Chem

Exports Commenced from OPaL’s Dahej Plant to Singapore

ONGC Petro Additions (OPaL) has initiated exports to Singapore and plans to float tenders for future exports of other products to different countries, thereby increasing demand for Naphtha globally.

Government of India to Sanction 100 Cold Chain Projects

Government of India to Sanction 100 Cold Chain Projects

SNC-Lavalin Group Inc. Awarded Contract to Build Ammonia Plant in Oman

SNC-Lavalin Group Inc. signs an agreement with Salalah Methanol (SMC) for the development of liquid ammonia plant in Salalah city in Oman

Michelin Re-launches Defender Tire Range in North America

French tire maker strengthens passenger car tire range with launch of new tires

Rollback on Policy to Add Money on Mobile Wallet Using Credit Card

Customers using Paytm will not pay levy of 2% for recharging their mobile wallet using credit cards.

Linne -Herten Facility of Solvay Obtains EU GMP Certificate

Solvay’s Linne-Herten hydrogen peroxide facility is Good Manufacturing Practice Certified

Bosch is Planning to Invest USD119 Million Over Next Few Years in India

The renowned German multinational auto component manufacturer to invest heavily in India

HCL Technologies Introduces IoT Maturity Framework

The new framework by HCL provides transformative programs for large enterprises to gain a competitive edge.

Trelleborg Bags an Offshore Oilfield Development Project in UAE

Increasing number of oilfield development projects will surge the use of Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) equipment

PepsiCo Expands Nutrition Portfolio in India

The company launches Quaker Nutri Foods & Tropicana Essentials

PFC to Provide USD405.58 Million for West Bengal’s First Super Critical Power Project

The increasing investment in power projects will drive the demand for power and distribution transformers in India.

Myntra to Manage Mango Stores in India

Fashion e-tailer, Myntra, to get license for distribution of brand Mango in India.

Synthomer Plc Aquires Perstorp’s Belgian Facility

Perstorp has sold its additives activities to Synthomer for USD82.54 Million

Shandong Yinbao to Expand its Tire Production in China

The renowned Chinese tire manufacturer plans to expand its production capacity with the addition of passenger car tires

Samsung Enters Mobile Wallet Market by Launching Samsung Pay

After months of predictions, Samsung launches its mobile payment service “Samsung Pay” in India