Industry News

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.

Substation with Capacity 25 MVA Extra High Voltage (EHV) Completed in Midland, Texas

Development of power infrastructure globally spurred by increase in demand of electricity would lead to increased deployment of transformers

7Up Becomes First Fizzy Drink in India to use the Stevia Sweetener

PepsiCo to use stevia sweeteners in its 7Up in India

Huntsman Announces Increase in Global Titanium Dioxide Prices

Huntsman, the global manufacturer of chemicals, has announced the price increases for all its titanium dioxide pigments globally

Bridgestone Introduces Firestone Tire Brand in Indian Market

Japanese tire major Bridgestone launched the new Firestone brand for cars

Michelin Begins Construction of New Tire Plant in Mexico

Leading global tire manufacturer Michelin to build a new manufacturing facility

Taiwan Based Clevo first to introduce Biometric in Notebooks’ Touchpad

Clevo partnered with Synaptics to introduce biometric Touchpad in Notebooks

China focusses on promoting electric vehicle manufacturing industry in the country

The plans of China to promote the electric vehicle manufacturing industry would boost the electric vehicle infrastructure market.

Patanjali to restructure its supply chain in order to increase its sales

Patanjali has planned to tie-up with a number of carrying & forwarding agencies to set up depots across India

Orica and Yara Launches Ammonium Nitrate Plant in Western Australia

Orica and Yara together have officially opened world’s first technical ammonium nitrate production plant in Pilbara, Western Australia

nuTonomy Debuts World’s First Self-Driving Taxi in Singapore

Singapore based autonomous software company, nuTonomy to operate self-driving cars

Reliance Communications Introduced Cloud X WAN to expand its Enterprise Product Portfolio

Reliance Communications, revealed Cloud X WAN, a software based WAN product

TATA Power Generation Capacity Increased by 9 per cent

India marching ahead in the Government of India’s Vision of “Power for all” by capacity addition and distribution, which would surge the demand for Power and Distribution Transformers Market in India

FSSAI Announces the Initiatives to Promote Safe Food Culture

Food Safety Standards Authority of India to promote food safety at homes & schools

DSM and NHU Form a Joint Venture Company to Produce PPS Compounds

DSM and NHU join hands to form a joint venture company which would be responsible for the production of polyphenylene sulphide (PPS) compounds

ONGC and GE joined together to support E&P activities for next 3 years

Increasing drilling and production activities will result in an increase in business of oilfield service market in India

Indra partnered with Mobeal to develop smart traffic management projects

Indra signs an agreement to develop smart urban traffic management in Algeria city

Showa Denko and JX Nippon to Buy LyondellBasell’s Stakes in SunAllomer

Showa Denko K.K. (SDK) and JX Nippon Oil & Energy Corp. (JX) agreed to purchase the shares of LyondellBasell Group in SunAllomer Ltd., which is a joint venture company amid the three parties

Preferred Freezer Services Ties-Up with Orca Bay Seafoods

Preferred Freezer Services ties up with Orca Bay seafoods to develop the state-of-the-art warehousing, distribution, and processing center in Federal Way, Washington