Industry News

Iran overtakes Saudi to becomes India's top crude oil supplier

Iran was India’s second biggest crude oil supplier after Saudi Arabia and has for the first-time surpassed Saudi Arabia to become India's top crude oil supplier.

Total and Corbion Entered a JV For Bioplastics

Total and Corbion have created a 50/50 joint venture for the production and marketing of bioplastics

BASF to Expand MDI Production Capacity in North America

BASF kick starts expansion of its methylene diphenyl diisocyanate (MDI) unit at Geismar, Louisiana.

Videotex International to Sign Partnership forum with Usha Shriram Enterprises

Videotex International to manufacture LED Televisions and Multimedia Speakers in Greater Noida for Usha Shriram Enterprises in India

Power Grid Corporation of India Limited Awarded Contract Worth USD37.31 Million

The project would surge the demand for Power & Distribution transformers in India

Reliance Group Launches IoT Services under Venture Known as UNLIMIT

Anil Ambani-led Reliance Group launched UNLIMIT, an independent unit for IoT Services in partnership with Cisco Jasper

Self-Driving Cars in Testing Phase in South Korea

Autonomous cars to debut soon in the country

General Electric Plans to Divest Water Treatment Business Unit by 2017

General Electric plans to divest its water treatment business by 2017 for expansion of oil services business of the company

Organic Farming Land in US Reaches Record 4.1 Million Acres

Organic farming land in United States has reached to 4.1 million acres in 2016 with an 11 percent increase as compared to 2014.

India and other 19 countries signed International Solar Alliance Framework Agreement

Increasing focus to achieve government's ambitious target of adding one lakh MW of solar power by 2022 would positively influence the Solar Rooftop Market in India

Reliance Jio to Launch 4G Feature Phones with Voice Over LTE

Reliance Jio in fray to introduce featured phones with unlimited voice & video calling

Samsung Acquires Harman International in an USD8bn Deal

The renowned car security manufacturer is acquired by Samsung Electronics

Snapdeal to invest USD100 million to Boost its Fashion Business

Surging competition forces e-commerce major to influx USD100 million to uplift its fashion business segment

Lightsource Renewable Energy to invest USD992.97 million in India

Lightsource recently won a 50 MW solar project in Maharashtra under the Centre's ambitious solar programme, thereby creating the demand for solar power equipment market in India.

Internet of Things (IOT) Incubator Introduced in Tel Aviv University

Microsoft, Tata Group & Qualcomm partnered to establish IOT incubator in Tel Aviv University.

ExxonMobil Corporation to Initiate a 650MTPA Polyethylene Project at Texas

The company announced to increase the polyethylene capacity of its Beaumont, Texas plant by adding a new production unit.

Bridgestone Planning to Realign its Firestone Brand

The renowned tire manufacturer is planning to refresh its Firestone tire brand by 2017, with addition of four new tires

PPG Undertakes Complete Ownership of PPG Univer S.p.A

PPG has purchased the remaining 50% ownership interest in PPG Univer S.p.A from its joint-venture partner, Univer Italiana S.r.l.

Prabhat Dairy to Invest in Cheese

Prabhat Dairy Limited, a leading player in the Indian Dairy market is setting up one of the largest production plants in the country.

India and Japan Have Agreed to Link Nuclear Testing with Termination Clause

Under the recent civilian nuclear pact with Japan, India has agreed to link nuclear testing with termination of the deal, thereby driving the demand for power generation in the country