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CASE Construction Equipment appoints Shalabh Chaturvedi as MD for India & SAARC
Shalabh Chaturvedi has been with CNH Industrial for over a decade and has held various positions at Larsen & Toubro in past. He is also an alumnus of the Indian School of Business.Read more
BorgWarner to acquire Eldor’s Electric Hybrid Systems business for €75 million
The acquisition will complements and strengthens BorgWarner’s electric product portfolio. Eldor’s EHS segment includes on-board chargers (OBCs), DC/DC converters, and integrated high voltage boxes.Read more
Tally Solutions launches TallyPrime 3.0 to help SMEs fast-track their growth
Powered with simpler, more flexible and an easy-to-use features, the new 3.0 version of TallyPrime is a comprehensive business management solution.Read more
Vedanta appoints 34-yr industry veteran for semiconductor business in India
Mike Young is appointed as Senior Vice President, Project Management Office and Manufacturing Operations for Vedanta-Foxconn Semiconductors Limited. Mike is the former CEO of SSMC and X-Fab Sarawak.Read more
Boards agrees to sale Siemens’s motor business to Siemens AG subsidiary
Siemens’s Board of Directors approves sale of low voltage motors and geared motors business to a subsidiary of Siemens AG for Rs 2,200 crore. This transaction consequent to intent of Siemens AG to carve out Innomotics business into a legally separate company.Read more
Celeros FT to sell its Filtration business unit to London’s Px3 Partners
Celeros Flow Technology under an agreement has announced to sell its Filteration business unit to private equity firm of London Px3 Partners. BofA Securities is serving as financial advisor, Ernst & Young is serving as tax advisor to Celeros FT.Read more
WIKA completes 75 years, defines future-ready business strategy
German company, WIKA Alexander Wiegand SE & Co launched its future-ready business strategy through ‘Smart in Sensing’ branding after completing 75 years as a global manufacturer. WIKA covers entire value chain in pressure and temperature, measurement technology.Read more
India has remarkable frameworks to support renewable power
In this interview with Rakesh Rao at Hannover Messe 2023, Chris Dartnell, SVP Power Systems Business, Schneider Electric, elaborates on how the company is helping industries in their transition towards net-zero operation.Read more
WEMO expands market presence in India with Amit Upreti as VP Business Development
Amit Upreti joined Netherlands-based company, WEMO Special Projects in February, 2023. The company announced in a statement that the appointment of Upreti as Vice President Business Development in WEMO has brought a good growth for the company in Indian market. Read more
Schaeffler India appoints Seshan Iyer as President of Industrial business
Schaeffler India, industrial and automotive supplier has appointed Seshan Iyer as President - Industrial India today on April 20. Iyer will be based at Schaeffler’s India corporate office in Pune.Read more