Industry News

EIA forecast oil output in US to fall by less than previously expected

The decline in production is limited due to improved drilling rig efficiencies and implementation of new technologies in drilling rig

Hero MotoCorp Unveils Three New Motorcycles for African Market

DAWN series Motorcycles with 100cc, 125cc and 150cc engines bike, launched by Hero MotoCorp

Amazon decides to allow sellers to advertise first and pay advertising fees later

Amazon all set to launch new system in India, under which advertising fee of the sellers will be deducted from the sales proceeds.

Weir Gabbioneta Opened New Manufacturing Facility in Italy

Weir Group invested more than USD 33.76 million in opening new pump manufacturing facility in Milan, Italy

General Electric, to buy two 3D printing companies for a total amount of USD1.4 billion

GE plans to acquire two European 3D printing companies: Arcam AB and SLM Solutions Group in order to strengthen its competitive position.

Petronet LNG purchased 26% stake in LNG Ship in Australia

The decline in spot LNG price and increasing investment in LNG ships would help India to procure LNG in bulk, to meet the increasing natural gas demand

Reliance Jio in fray to give a tough price war in Indian Telecom Sector

Reliance Jio to begin price war with major telecoms Idea, Vodafone and Bharti Airtel

Aircel to Gain Customer Loyalty with Mobile Wallet Service

Telecom major was issued license in February to launch its mobile wallet service

Oil Blocks to be Auctioned Under Hydrocarbon Exploration Licensing Policy (HELP)

Auction of new blocks will enhance the drilling and production activities leading to increase in business of oilfield service in India

Yokohama Launches New Tires to Diversify 4x4 Range

Japanese tire maker expands its product range by launching new Geolandar A/T G015 tires

Daikin Strategizes To Go Green

Daikin takes up new age energy efficient technology to seize the demand and to resist the competition

ChemChina and Rosneft Sign Agreement for Execution of Petrochemical Project in Russia

ChemChina and Rosneft jointly finalized framework for implementation of Far-Eastern Petrochemical Co. (FEPCO) project in Nakhodka, Russia

The global Electric Vehicle infrastructure market is set to expand by the end of 2021

With increasing number of electric vehicles in the product portfolio of Daimler, the market for electric vehicle infrastructure is going to grow

Reliance Jio’s 4G services launched in a full-fledged way

Reliance Jio open its 4G services to give premium data services at minimal cost to its customer

Invista installed Nylon 6,6 Polymer Manufacturing Facility in China

Polymer manufacturing facility by Invista to be operational by second half of 2016 in Shanghai, China

Bajaj Electrical’s LED sub brand “.nxt” is upgrading its customer base

Bajaj Electrical’s new sub-brand called “.nxt” has laid a strategy to upgrade its clients to LED products

Harley-Davidson Set to Launch Street 750 ABS Model in India

Premium motorcycle brand Harley-Davidson to unveil their new in Indian Market

Westlake Chemical Completes Acquisition of Axiall Corporation

Westlake Chemical Corporation has announced the complete acquisition of Axiall Corporation, representing an enterprise value of approximately USD3.8 billion

Hero to Unveil 15 New Products Before the End of Fiscal Year

Hero MotoCorp is planning to launch new product line-ups including Achiever 150 in this fiscal year

Jabra Introduced True Wireless Earbuds Using Valencell’s Biometric Sensor Technology

Jabra to provide wireless earbuds sports accessory with biometric sensor technology