CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste
In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..
Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal
Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..
ONGC Partners with bp to Explore Offshore Basins in India
State-owned Oil and Natural Gas Corporation (ONGC) on Thursday signed a strategic Memorandum of Understanding (MoU) with bp plc to collaborate on drilling stratigraphic wells in India’s Category II and III offshore sedimentary basins: Andaman, Mahanadi, Saurashtra, and Bengal.This partnership aims to enhance geological understanding and unlock untapped hydrocarbon potential, thereby strengthening India’s long-term energy security, ONGC stated.The MoU was signed in the presence of Oil Minister Hardeep Singh Puri during the Urja Varta 2025 event, reaffirming the government’s commitment to ..
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