ROTTERDAM: IMCD N.V. announced the acquisition of 70% of Valuetree Ingredients Private Limited to expand its beauty and personal care footprint in India. Founded in 2005, Valuetree, is a prominent ingredient supplier to the beauty and personal care market. It provides an extensive portfolio of specialty ingredients and through an in-house application laboratory, offers formulation…
OSLO, NORWAY: Hexagon Purus, a world leading supplier of zero emission mobility solutions, has received its first orders for Type 4 high-pressure hydrogen cylinders from Reliance Industries Limited, India’s largest private sector company. The hydrogen cylinders will be used as prototypes in pilot projects for automotive and back-up power solutions and represents Hexagon Purus’ first…
OSLO, NORWAY: Zwipe, KL HI-TECH and Easy Pay will pilot biometric payment cards in India, aiming for commercial launches by summer 2022. Easy Pay is one of the fastest growing payment brands in India whose services are used by over 2 million retail stores and millions of consumers. Zwipe is a fintech pioneering the development…
DUBAI: Shelf Drilling Ltd. (OSE: SHLF) has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (ONGC) for offshore operations in Indian waters. The rig is currently under contract with ONGC with a scheduled completion date in Q2 2022. The planned start-up of operations under…
LONDON, UK: The Board of Panthera Resources‘ subsidiary Indo Gold Pty Limited (IGL) has entered into various agreements to acquire Metal Mining India Private Limited (MMI), the Company’s joint venture (JV) partner in India, in respect of the Bhukia and Taregaon projects. Highlights · Ownership interest in the Bhukia and Taregaon projects in India via IGL…
OSLO: NEXT Biometrics has received a purchase order from Pagaria Group of 20,000 sensors. In addition, the estimated volume for 2021 has been increased. NEXT recently signed a Letter of Intent with Pagaria group in India (announced on January 26) and has now received a follow up order of 20,000 sensors. The initial forecasted demand…
HAMILTON: Höegh LNG Holdings Ltd. has completed and signed all documentation for its 10-year charter with H-Energy and selected the FSRU Höegh Giant to serve this agreement, a news release said. The binding commitment was announced in a stock exchange notice on 19 November 2020. The agreement is for a period of 10 years with…
LONDON: EnergyPro Asset Management Limited is raising £2m of equity funding to advance its growth strategy of bridging the energy transitions in the UK and India through technology transfer and investment. EnergyPro Asset Management, a UK company focused on accelerating the energy transition through improved energy efficiency, is to raise £2m of growth funding to…
ABU DHABI: Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank at par value and will exit its operations in India subsequent to the transaction, a release issued to Abu Dhabi Exchange noted. The banking portfolio that is being sold to DCB Bank comprises AED…