Reliance Industries

Polyethylene Terephthalate Market Overview 2023-2027: Estimated Market Size, Major Drivers And Lucrative Segments - By The Business Research Company

Retrieved on:

Wednesday, September 13, 2023

Asian Development Bank, PET, LyondellBasell, PT, Recycling, Plant, SABIC, Reliance Industries, Food packaging, Sinopec, Indorama Ventures, MDPI, SE, BASF, BASF SE, Growth, ADB, Bottled water

LONDON, Sept. 13, 2023 /PRNewswire/ -- As per The Business Research Company, the global polyethylene terephthalate (PET) market is poised for significant expansion, with an expected increase from $39.18 billion in 2022 to $42.71 billion in 2023, showcasing an impressive compound annual growth rate (CAGR) of 9.0%. Furthermore, the polyethylene terephthalate market's growth momentum is set to continue, with forecasts indicating a market size of $59.39 billion by 2027, maintaining a CAGR of 8.6%. This surge in the polyethylene terephthalate market is primarily attributed to the soaring demand from the packaging industry, which relies heavily on PET due to its exceptional attributes such as transparency, durability, and cost-effectiveness.

Key Points:

Furthermore, the polyethylene terephthalate market's growth momentum is set to continue, with forecasts indicating a market size of $59.39 billion by 2027, maintaining a CAGR of 8.6%.
This robust demand from packaging applications acts as a key driver propelling the growth of the polyethylene terephthalate market.
The global polyethylene terephthalate market exhibits a concentrated landscape, with a select number of prominent players dominating the market.
In 2022, the top ten competitors collectively held a substantial 41.68% share of the polyethylene terephthalate market.

3G And 4G Devices Market Size to grow by USD 335.03 billion from 2022 to 2027 | The rising demand for higher data rates and higher spectral efficiency to boost market growth - Technavio

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Wednesday, September 6, 2023

The rising demand for higher data rates and higher spectral efficiency is a key factor driving market growth.

Key Points:

The rising demand for higher data rates and higher spectral efficiency is a key factor driving market growth.
Changing customer needs, especially in developing countries like India and China, where there is growing demand for High-Speed Mobile Broadband.
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Company Landscape - The 3G and 4G devices market is fragmented, with the presence of several global as well as regional companies.
Apple Inc. - The company offers 3G and 4G devices such as iPad Pro, iPad Air, and iPad Mini.

Airspan Networks Holdings Inc. Announces Closing of Mimosa Sale to Reliance Jio and Financing Transactions

Retrieved on:

Friday, August 11, 2023

Mathew Oommen, President of Reliance Jio Infocomm Limited, an affiliate of Buyer (“Reliance Jio”) is a member of the board of directors of the Company.

Key Points:

Mathew Oommen, President of Reliance Jio Infocomm Limited, an affiliate of Buyer (“Reliance Jio”) is a member of the board of directors of the Company.
Each of Reliance Jio and Buyer is a wholly-owned subsidiary of Jio Platforms Limited, an Indian company that is a subsidiary of Reliance Industries Limited.
Reliance Jio Infocomm USA Inc., a wholly-owned subsidiary of Reliance Jio, is a shareholder of the Company.
Reliance Jio was also one of the Company’s largest customers by revenue for the year ended December 31, 2022, primarily for products sold by Mimosa.

Unified Payments Interface (UPI) market size in India to grow by USD 65.49 trillion from 2021 to 2026: Instant and smooth money transfer process will drive growth - Technavio

Retrieved on:

Tuesday, August 8, 2023

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.

Key Points:

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98% according to Technavio.
Hence, such factors are expected to drive the growth of the UPI market in India during the forecast period.
The growing emergence of mobile apps for shopping transactions is an emerging UPI market trend in India.
The unified payments interface (UPI) market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Digital Realty Reports Second Quarter 2023 Results

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Thursday, July 27, 2023

BAM, Digital Realty, Reliance Industries, GI Partners, Sale, ATM, EBITDA, Interxion, Foot, NOI, Digital, Cryptocurrency, Amsterdam Airport Schiphol

During the second quarter, Digital Realty sold a non‐core data center in Texas realizing approximately $150 million of net proceeds.

Key Points:

During the second quarter, Digital Realty sold a non‐core data center in Texas realizing approximately $150 million of net proceeds.
In Amsterdam during the second quarter, Digital Realty acquired the land and building shell of a previously leased 15 megawatts data center (AMS7) for €17 million or $18 million.
The new joint venture, 'Digital Connexion: A Brookfield, Jio and Digital Realty Company', succeeds BAM Digital Realty.
Digital Realty adjusted its 2023 Core FFO per share and constant-currency Core FFO per share outlook to $6.55 - $6.65.

Enovix Establishes Research and Design Center in India

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Wednesday, July 26, 2023

University, Nanometre, Central Electro Chemical Research Institute, Computational chemistry, Electrochemistry, Renault India Private Limited, Reliance Industries, Data analysis, University of Massachusetts Amherst Department of Food Science, Machine learning, Silicon, Management

FREMONT, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, announced today it has established Enovix Research and Development Services India Private Limited (“Enovix India”) in Hyderabad.

Key Points:

FREMONT, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, announced today it has established Enovix Research and Development Services India Private Limited (“Enovix India”) in Hyderabad.
The Enovix India team will develop advanced models to predict battery performance and support next-gen battery manufacturing and design.
“I’m pleased to announce we officially established our expansion into India with a dedicated R&D center in Hyderabad,” said Dr. Raj Talluri, President and CEO of Enovix.
“I am excited to lead the talented Enovix team and establish a strong presence in India,” said Dr. Saravanan.

Reliance Industries Enters into Agreement to Invest Alongside Digital Realty and Brookfield Infrastructure to Expand Data Center Joint Venture in India

Retrieved on:

Monday, July 24, 2023

AUSTIN, Texas, July 24, 2023 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today a planned three-way joint venture (JV) with Brookfield Infrastructure and Reliance Industries Ltd. ("RIL") to develop high-quality, highly-connected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India. The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company. It succeeds and builds on the strong foundation laid by BAM Digital Realty, by including RIL, India's largest private sector company, that has enabled and led India's digital transformation through Jio, as a partner. Each partner will own one-third of the joint venture. Digital Connexion expects to initially execute on the development of data center campuses on existing strategic land parcels it owns in Chennai and Mumbai.

Key Points:

The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company.
The Indian data center market is experiencing rapid growth , driven by the growing adoption of digital technologies, cloud computing, and the surge in data consumption fueling the demand for robust and scalable data center infrastructure.
"This joint venture brings together three global leaders in digital infrastructure to accelerate Digital India by developing, owning and operating institutional quality carrier-and cloud neutral data centers across India."
Digital Connexion will have a dedicated management team in India, with leadership oversight from Digital Realty, Brookfield and RIL.

The Online Grocery Market to grow by USD 740.88 billion from 2022 to 2027; the rapid growth in e-commerce to boost market growth- Technavio

Retrieved on:

Friday, June 23, 2023

The report provides actionable insights and estimates the contribution of all regions to the growth of the online grocery market.

Key Points:

The report provides actionable insights and estimates the contribution of all regions to the growth of the online grocery market.
The rapid growth in e-commerce is the key factor driving the growth of the global online grocery market.
The online travel booking platform market size is estimated to grow by USD 1,107.21 billion at a CAGR of 14.85% between 2022 and 2027.
The rising consolidation of online travel agencies is a key factor driving the growth of the online travel booking platform market.

W&T Offshore Appoints Sameer Parasnis as Executive Vice President and Chief Financial Officer

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Thursday, June 22, 2023

Executive, Institute of Chemical Technology, Stifel, London Business School, Reliance Industries, Chemical engineering, Southern Methodist University, Oil, MBA, Credit Suisse, Business administration, Citigroup, Methodist University, Master of Business Administration, NYSE, Management

HOUSTON, June 22, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the appointment of Sameer Parasnis to the position of Executive Vice President and Chief Financial Officer, effective July 3, 2023.

Key Points:

HOUSTON, June 22, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the appointment of Sameer Parasnis to the position of Executive Vice President and Chief Financial Officer, effective July 3, 2023.
Mr. Parasnis has 25 years of financial and operational experience, of which 20 have been in banking.
Prior to joining W&T, Mr. Parasnis served as Managing Director of Stifel Financial Corporation’s Energy & Energy Transition team in Houston.
He also earned a Master of Business Administration from Southern Methodist University and a Master’s in Finance from the London Business School.

5G IoT market size is set to grow by USD 77,586.17 million from 2022 to 2027; Rising adoption of 5G to boost the market - Technavio

Retrieved on:

Tuesday, June 20, 2023

China Mobile Ltd. - The company offers 5G IoT such as CMHK 5G IoT.

Key Points:

China Mobile Ltd. - The company offers 5G IoT such as CMHK 5G IoT.
The market share growth by the 5G non-standalone segment will be significant for market growth during the forecast period.
By geography, the global 5g IoT market is segmented into APAC, North America, Europe, Middle East and Africa, and South America.
The report provides actionable insights and estimates the contribution of all regions to the growth of the global 5g IoT market.