Industry News

Tender floated by Gas Authority of India Ltd (GAIL) to buy six LNG cargoes in 2017

The increasing number of tenders to avail low priced natural gas supply to fulfill domestic industries needs would surge the demand of LNG market in India

The dairy company, Kwality, has pledged to raise USD89.3 million from KKR

Delhi based private dairy company would be receiving the investment through structured debt instruments in a transaction that is expected to rev up dairy business in the country.

Discount on Electric cars in Germany booming the demand of BMW i3

Berlin Government’s initiative fuelling the sales of BMW i3.

Indian Army Launched Highly Encrypted Cloud System and a Digi-Locker

A Highly Encrypted Cloud System and Digi-Locker Has Been Launched by Indian Army as a part of Digital Army

Government has taken initiatives which focus on attracting more funds towards renewable energy projects

Increasing focus on renewable energy projects is expected to boost the transformer deployment in the country in the near future

India to promote chemical free farming in states such as Madhya Pradesh, Maharashtra, Rajasthan etc.

India is following cluster approach to increase organic farming zones in order to promote chemical free farming

Evoqua Acquires US Based Self-Cleaning Water Filtration Company

Evoqua Water Technologies and its Neptune Benson business acquires VAF Filtration Systems

Omni expands product line by adding all season tire to radar brand

Addition of all-season tire widens Radar tire brand of Omni United Pte. Ltd.

Indian Oil & gas companies have been offered stake in Yamal LNG project by Russia

The deal is expected to ensure a positive growth in India Natural gas compressor market in the near future

Flipkart started concentrating on Television sales, as it sales are increasing

India’s largest online market place is targeting at least quarter of Total TV’s sold in the country in the next 18 months.

Solvay and Suzano Papel E Celulose to Construct Hydrogen Peroxide Plant in Brazil

Solvay and Suzano Papel E Celulose to build integrated hydrogen peroxide plant at the pulp mill in Brazil

Avast Software to acquire AVG for USD1.3 Billion

Avast Software, an antivirus and internet security major to buy its rival firm AVG Technologies

Google to use machine learning to detect blindness, collaborate with NHS

Google to set another milestone in artificial intelligence -machine learning, in collaboration with NHS Foundation Trust

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