Industry News

Union Budget Proposes to Set Up Dairy Development Fund

Finance Minister announces setting up of a USD1.23 Billion dairy development fund

Pentair Completes Acquisition of Union Engineering

Pentair Inc. has announced the acquisition of Union Engineering A/S in carbon dioxide (CO2) sector

Digitization is among Key Focus Areas of Union Budget 2017-2018

Union Budget 2017-18 is quite satisfactory for the IT and Telecom sector as the government has kept technology as a prime focus for its development agenda

Impact of Union Budget 2017-18 on India Tire Industry

Tire industry players in India were looking forward for positive announcements from the Union Budget 2017, nothing specific was stated for the automobile tire industry.

Key Takeaways of Union Budget 2017-18 for India Automotive Industry

The automotive industry had a lot of expectations from the Union Budget, however, nothing specific came up for the automobile sector.

India Reduces Custom Duty on LNG by 50%

India has halved the LNG custom duty to 2.5% from the earlier 5% at terminals as a part of its strategy to become a "gas-based economy", which will boost the demand for LNG in the country.

Organic Valley Expands its Grassmilk Yogurt Line

Organic Valley, is expanding its product line by adding new flavors in its Grassmilk yogurt line.

Port Neal Nitrogen Complex Expands in Iowa, United States of America

CF Industries Holdings accomplished the construction of new ammonia and urea units at Port Neal Nitrogen Complex.

JAX Tyres of Australia Acquired by Hankook Tire

The South Korean tire manufacturer, Hankook Tire, to strengthen its position in the Australia by acquiring the renowned tire retail chain

BAE Systems to Provide Head-Up Display to Textron Airland’s Scorpion Jet.

BAE Systems’s LiteHUD to power Textron Airland’s multi-mission jet’s pilot with ‘Head up, eyes out’ capabilities.

Shell Sells ‘BG Group’ Assets to ‘KUFPEC Thailand Holdings’

The deal of Bangkot and UK North Sea fields would help in raising capital and continued LNG operation in Thailand.

Osram to Target VR & AR Markets

Infrared component maker, Osram Opto, plans to target Virtual Reality and Augmented Reality markets

Praxair Signs an Agreement with Marathon Petroleum Corporation

Praxair Inc. collaborates with Marathon Petroleum Corporation to supply hydrogen to petroleum refinery in Louisiana

Goodyear to Expand its Product Portfolio in United States

Goodyear plans to add new trailer tire to its product range

German Deutsche Flugsicherung (DFS) Division Bundles Commercial Activity

Deutsche Flugsicherung (DFS), a German air navigation provider bundles the third-party business into its new subsidiary

Nepal is Planning to Import Power from India

Nepal would import additional 25 MW from India through a cross country transmission line which will boost the demand for power & distribution transformer in India

Uber to Launch Food Delivery Service in India

The company plans to launch its on-demand food delivery service, UberEATS, in India

AkzoNobel and Itaconix to Co-Produce Bio-Based Polymers

AkzoNobel to commercialise bio-based polymers in collaboration with Itaconix

Goodyear Plans to Launch All-Season Tire

Goodyear is planning to introduce all-weather tire in its Assurance product range

Qualcomm, NETGEAR, Ericsson and Telstra Set to Launch the World’s First Gigabit LTE Network

The World’s First Gigabit LTE Network would provide the users with faster upload data rates of up to 150 Mbps.