New Delhi-based Petronet LNG Limited, will sign a deal in a year’s time to buy at least 1 million tons of U.S. natural gas annually for a period of up to 10 years. The firm may also acquire a stake in a U.S. liquefied natural gas (LNG) project, said Petronet’s...
Canada's Caisse Increases Investment in India's Azure Power
Caisse de dépôt et placement du Québec increased its interest in Azure Power Global Limited, a New Delhi, India-based solar power producer, to 40 percent for a total commitment of $240 million. Emmanuel Jaclot, executive vice president, infrastructure, at the Caisse, said the additional investment reflects the pension system’s view of India’s...
India's Crystal Crop Buys Pesticide Brands from FMC Corp
New Delhi-based Crystal Crop Protection Limited acquired four insecticide and herbicide brands from Philadelphia PA-based chemical company FMC Corporation. Furadan, Splendour, Metcil and Affinity Force will now become part of Crystal Crop's portfolio. "We are open to more such inorganic growth opportunities,” said Ankur Aggarwal, managing director at Crystal Crop....
Apple to Open Stores Across India
Apple Inc., plans to open new retail locations in New Delhi, Bangalore, and Mumbai, and over time, the company will continue its expansion within India. The company is working on year-round deals to reduce prices; cutting supplies to retailers who fail to hit sales targets; encouraging iPhone recommendations; training retail...
Indium Corporation to Expand to India
Clinton NY-based Indium Corporation and Chennai, India headquartered MEL Systems and Services Limited (MELSS) have formed a strategic partnership to expand accessibility to Indium Corporation soldering materials throughout India. MELSS will sell all of Indium Corporation’s soldering materials, such as low-voiding solder paste and solder preforms for bottom termination components,...
India to Host Global Mobility Summit in September
NITI Aayog, India's policy think tank, in partnership with various ministries and industry partners, is organizing MOVE: Global Mobility Summit in New Delhi on September 7 and 8. This summit aims to drive India's goals toward electrification of vehicles, renewable energy integration, and job growth. 1,200 participants from across the...