Industry News

NABARD Sanctions a Loan of USD31.27 Million for Haryana

Increasing number of power projects is likely to increase the deployment of power and distribution transformers in India

Surya Roshni’s Lighting Business Being Eyed by Top Equity Acquirers

The New Delhi-headquartered company is being eyed by Bain Capital and Warburg Pincus, who have expressed their interest to buy into their business

AkzoNobel Begins Construction of New Powder Coatings Facility in India

AkzoNobel N.V. plans to invest USD10.04 million for construction of a new powder coatings plant in Mumbai

UM Motorcycles to Launch the New Renegade Classic in India

American motorcycle maker UM Motorcycle will unveil their new Renegade Classic in the Indian Market in 2017

Flipkart-owned PhonePe has Introduced its UPI Based Mobile Wallet

PhonePE, India’s payment app launched a Unified Payment Interface based app to provide a cashless and seamless payment experience

Toronto Based Bioconnect Collaborated with Eyeverify for Biometric Payment

Toronto based Bioconnect collaborate with Eyeverify to improve identify and authentication in financial sector

Iran to Seek Investor Bid in October for New Oil & Gas Contracts

The bid will attract billions of investments leading to increase in drilling activities, which will increase the Global Natural Gas Compressors Market

E-commerce Companies such as Urban Ladder and Yepme Plan to Turn into Single-Brand Retailers

Several E-commerce companies planning to re their business structure into single brand retail to avoid breaking FDI rules

Filtration Group Corp to Acquire Porous Technologies of Essentra PLC

Filtration Group Corp has announced to buy out the porous technologies developed by Essentra PLC

Drones Monitor Mumbai-Pune Expressway in India

Drones help the Indian police to keep an eye on reckless driving

Stamford Extends New Range of Firenza Tires

Firenza unveiled new range of tires for urban buses

Nutanix Announced Acquisition of Pernix Data and Calm.io

Nutanix’s partnership with two data analytics companies intended to enhance its Enterprise Cloud Platform

Declining LNG Price Pushed Indian Oil Corporation to Procure More LNG

Decline in spot LNG price helping the Indian Oil Corporation to buy LNG in bulk, thereby creating the huge demand for LNG in India

APL Logistics Expands Its Oman Presence by Forming Joint Venture

APL Logistics has set up a joint venture company APL Logistics Oman, with Arab Global Logistics

Prime Polymer Co. Ltd Starts New Production Plant for Metallocene Polymer

Prime Polymer Co. Ltd starts up Metallocene polymer plant for the production of Evolue™ in Singapore

Ducati Launches Multistrada Enduro in India

Italian Premium motorcycle maker Ducati’s new crossover motorcycle launched in India

Sound Energy Spuds Appraisal Well in Onshore Morocco

Drilling of appraisal well in Morocco would propel the growth of global natural gas compressor market

Sadara Chemicals Company Inaugurates Mixed Feed Cracker Unit

Sadara chemicals company starts up Saudi Arabia’s first mixed cracker unit for the production of basic petrochemicals.

Paytm Parent to Raise Around USD350 Million to Double Company’s Valuation at USD5 Billion

Paytm to raise around USD300-350 million from investors including MediaTek Inc., GoldmanSachs Group Inc., and Temasek Holdings Pte

Net1 UEPS Technologies, Inc. Announced to Invest USD40 Million in MobiKwik

MobiKwik gets USD40 million funding from a South African company, Net1 UEPS Technologies, Inc.