Industry News

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.

RIL to Adopt Omni-Channel Strategy for Online Fashion Store AJIO

Reliance Industries has opened AJIO ‘shops-in-shops’ to target shoppers with high-margin, curated fashion as a part of its omni-channel strategy in more than 100 Reliance Trends stores.

LyondellBasell to Build High-Density Polyethylene (HDPE) Plant on US Gulf Coast

LyondellBasell decides to construct 500,000 metric tons per year HDPE plant in US Gulf Coast, USA

Toyo Introduces Two New Tires in Open Country Line

Toyo Tire USA Corporation has expanded its Open Country family of tires.

Barclays to Roll out Voice Biometrics to Identify Customers

Barclays bank is poised to begin identifying their customers through voice recognition instead of passwords.

NetApp Signs MoU (Memorandum of Understanding) for Varanasi’s Smart City Initiatives

The company has signed MoU with Varanasi and Karnal Municipal Corporation to help them in Smart City initiatives

Bharat Heavy Engineering Ltd (BHEL) bagged an Order for Setting up 80MW Photovoltaic Power Plant

Increasing number of upcoming power projects have resulted in a rise in deployment of power and distribution transformers in India

Backed by Herbal Toothpaste Vedshakti, Colgate Poised to Compete with Patanjali’s Dant Kanti

Colgate to launch India-Focused Brand Cibaca Vedshakti toothpaste in this quarter to compete with Patanjali’s Dant Kanti

Celanese Discontinues Production of Monomethylamine at Cangrejera

Celanese, the manufacturer of chemical solutions and specialty materials, has discontinued the production of Monomethylamine(MMA) at Cangrejera facility in Mexico

Honda Two-wheelers to Double Pre-Owned Outlets to 200 by 2018

Honda Motorcycle & Scooter India has opened 100th Best Deal outlet in India