Industry News

Zomato’s revenue from India Operations Doubles, reaches USD13.5 million

Zomato witnessed a hike of over 90% in current year’s revenue from the last fiscal year of 2014-15

Brazil government plans to auction sub-salt exploration & production areas in 2017

With second auction of sub-salt exploration and production areas planned in 2017 in Brazil, the oil and gas accumulator market is expected to expand in the near future

EuroChem Group Acquires Brazilian Fertilizer Distributor Fertilizantes Tocantins

Fertilizantes Tocantins taken over by Switzerland based global agrochemical company EuroChem Group AG.

Michelin to establish tire plant in Mexico

New tire factory by Michelin expected to start by 2018 in Mexico

Diesel car sales to 26% in four years in India

With narrowing gap between diesel and petrol prices, the sales of diesel cars has witnessed sharp decline during 2012-2016

Ministry of Environment & Forest (MOEF) granted permission to Krishna Godavari LNG Terminal Pvt. Ltd (KGLNG) for development of Offshore LNG Floating Storage and Regasification unit in Andhra Pradesh

The project is expected to cater to the increasing demand for natural gas in India

Xiaomi partnered with MobiKwik to offer its M-Wallet Services

Xiaomi launched its “One-Touch-Recharge’ service in collaboration with MobiKwik for its smartphone users

Aditya Birla Fashion buys Forever 21's India business

Aditya Birla Fashion and Retail Ltd. (ABFRL) will acquire Los Angeles-based global clothing brand Forever 21's India business for USD26 million

Government of India Slashes Prices of DAP and MOP Fertilizers

Government has decided to reduce the prices of diammonium phosphate (DAP) and muriate of potash (MOP)

LNG Imports to India jumped 43% in May 2016 from a year earlier

In May 2016, India purchased a total of 2.08 billion cubic meters of LNG and become second-biggest buyer of spot and short-term LNG

Thales and Cisco teamed up for Cyber Security solution

The aim of the partnership is to offer a solution which detects and counterattacks against the cyber threats in real time

Snapdeal enters into online services by partnering with Cleartrip, Zomato, redBus and UrbanClap for food ordering and flight ticket bookings

Snapdeal launched online services in partnership with Cleartrip, Zomato, redBus and UrbanClap

WR Grace, Global Supplier of Catalysts, Acquires Polyolefin Catalysts Business of BASF

WR Grace has completed the acquisition of polyolefin catalysts business of BASF

Premium Motorcycle manufacturer Ducati unveils Multistrada 1200 Pikes Peak in Delhi

Italian Motorcycle company Ducati launches new Multistrada 1200 Pikes Peak in Delhi priced at USD 30,600 (ex-showroom Delhi)

The financial agreement between State Bank of India and World Bank has resulted in investment of USD625 million into solar energy sector of India

Increasing focus on clean energy generation in India would drive the market for solar equipment business in the country

Haryana Dairy Development Cooperative Federation is planning to setup milk booths at IOC petrol pumps

At round 1,500 IOC petrol pumps in Haryana, Haryana Dairy Development Cooperative Federation is said to setup Vita milk booths to sell cow milk.

Rapidly Growing Air Filter Market Attracting New Investors

Increasing awareness and proliferating demand for air filters is increasing the number of market players and fragmentation in the industry

Omni United acquires A to Z Tire & Battery

Singapore based Omni United successfully acquired US based distributor A to Z Tire & Battery

America Tower Corporation acquire Viom

America Tower Corporation, a Boston based telecom tower to acquire Viom India to expand its position in India

Stratasys entered into partnership with Daihatsu

Stratasys, a leading 3D printer manufacturer entered into partnership with Daihatsu for mass customization