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Axalta to double paint capacity in India

Axalta Coating Systems, a leading global supplier of liquid and powder coatings, is expanding its presence in India, doubling production capacity and construct an automotive OEM coatings development laboratory at its operations center at Savli in Gujarat State. The added capacity will enable Axalta to

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Will TPP cut into Indian export shares?

India’s position on trade agreements is under scrutiny after a group of 12 countries, led by the United States, reached a tentative agreement on the Trans-Pacific Partnership (TPP) earlier this week, says Singapore’s DBS Bank in its daily economic report on 9 Oct 2015. While

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Wipro joins CDAIT

Wipro Limited has joined as a founding sponsor of the recently established Center for the Development and Application of Internet-of-Things Technologies (CDAIT). CDIAT is the global, non-profit, partner-funded center  housed at the Georgia Institute of Technology in the Georgia Tech Research Institute in Atlanta. “It

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India to install hydrogen fuel cells on towers

Intelligent Energy, the global energy technology company, will purchase contracts from GTL Limited to supply energy-management services across more than 27,400 telecom towers in India. This landmark deal, which was signed 30 September, represents a major milestone in hydrogen fuel cell development and is expected

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CG to supply transformers to PT PLN

Mumbai-based Avantha Group Company CG has bagged an order from Indonesia’s PT PLN for manufacture and supply of power transformers, valued at US$62 million (approx INR 410 crore). The scope of work includes design, manufacture, supply, construction and installation of these power transformers in the

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Alibaba makes strategic investment in Paytm

Chinese heavyweight Alibaba Group Holding Limited and its financing company, Ant Financial Services Group, have agreed to make a strategic investment in Paytm, India’s largest mobile payment & commerce platform. Alibana and Ant Financial have signed an agreement with One97 Communications, the parent of Paytm.

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DCB-Western Union to support SMEs’ trade

Mumbai-based DCB Bank Limited has announced a collaboration with Western Union Business Solutions to support small and medium-sized enterprises (SMEs) in India engage in cross-border trade. Western Union Business Solutions’ global payments technology platform and foreign exchange services will be used by DCB Bank to

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Infogain acquires Blue Star IT operations

California-based Infogain Corporation, a global business and IT consulting leader, have entered into definitive agreements to acquire Blue Star Infotech’s IT operations. The acquisition will expand Infogain’s digital transformation offerings, particularly in the areas of Cloud, mobility, SAP and analytics; adding specialized capabilities in the

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Avantha to supply meters to Spain

Mumbai-based Avantha Group Company CG has won a Euro 17 million (INR 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa (GNF) and will be the main supplier for the utility. ZIV smart meters will cover a large

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IIT Bombay selects ACE channel emulator

The Indian Institute of Technology (IIT) Bombay has selected the Azimuth ACE channel emulator for its advanced research on LTE applications. The institute selected the ACE channel emulator for its critical research in exploring the application of LTE for TV white spaces (so-called “abandoned” frequencies