Industry News

Evonik Industries Expands Sodium Methylate Plant in Alabama

Evonik increases the capacity of its sodium methylate plant to meet the growing demand for biodiesel.

Apple Acquired Artificial Intelligence Startup Turi

Apple, Inc. acquired Turi, an artificial intelligence start-up for USD200 Million

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

With increasing demand of green energy in the US, Tesla Motors and SolarCity have got into an agreement to latch on the opportunity in the region

Goods and Services Tax: Impact on IT & Telecom Sector

GST officially known as The Constitution (One Hundred and twenty second Amendment) Bill,2014 is an abbreviated form for Goods and Services tax

Odisha Signed MOU with Azure Power for India's 1st Grid Connected Rooftop Solar Project

On account of installation of new rooftop solar panels, there would be increased production of renewable source of energy and growth of solar rooftop market in the country.

GST Impact across FMCG & E-Commerce Sectors

With an engine of tax rate lower than the current tax rate, GST will have various impacts on the FMCG & E-Commerce sectors

GST - A Boon for the Indian Cement Industry

Restructuring indirect taxes to lower the taxes imposed upon the cement sector by around 7-14%

GST Bill Poised to Fuel the Growth of Indian Automobile Sector

GST bill is set to eliminate the impact of cascading taxation framework and remove geographical tax differentiation.

WatchPoint Announced the Launch of CryptoStopper Deception Technology

The company, which is a provider of numerous cyber security solutions released a cyber security tool called CryptoStopper.io™

Innospec Plans to Acquire Surfactant Business Unit of Huntsman Corporation

Huntsman agrees to sell its European surfactants business for USD225 million to Innospec Inc.

Third Generation Truck Tires Launched by Continental in Malaysia

Continental expands its truck tire line in Malaysia

Qatar Bank Introduces Finger Vein ATM Authentication Technology

Qatar Bank first in line to introduce finger vein ATM authentication technology

Iran Gas Engineering and Development Company Plans to lay 6,000 km of Gas Pipelines in Iran

On account of construction of new pipelines in Iran, there will be increased demand for pipeline leak detection equipment and systems in the country.

Mondelez launched ‘Marvellous’ Range under Dairy Milk to Boost up Sales

Mondelez India launched the ‘marvellous collection’ from its global gamut of products under its dairy milk brand, taking a strategic decision to boost sales in sluggish consumer market.

Continental Re-Introduces OTR Tires in Americas

German tire manufacturer forays in OTR business for American market

MobiKwik Tied up with IRCTC to accept eCash Payment

MobiKwik, a mobile wallet company in India is teaming up with Indian Railway Catering and Tourism Corporation (IRCTC) to accept eCash payment

Development of technology pertaining to UPS will promulgate its business in MEA region

Increasing focus on upgradation of technology will drive it’s the market for UPS among the industrial users

Snapdeal set on ramping up their delivery operations, open 6 logistics hub

Snapdeal, a major in E-commerce industry, to setup major logistics hub across Delhi-NCR and other cities in order to improve their warehousing and operations.

MayAir Secures Air Filtration Products Contract with BOE Technology

The Industrial division of MayAir, an air purifiers manufacturer, gets the contract from China’s BOE Technology

Electric Car Maker-Tesla Acquires Solarcity for USD2.6 Billion as a Part of Expansion Strategy

The deal would help Tesla to develop an integrated solution for power storage which would surge the Global Lithium ion battery market.