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India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
BorgWarner’s VCT technology improves efficiency of Hyundai’s engine
BorgWarner’s latest variable cam timing (VCT) system delivers improved engine efficiency and fuel economy for the new Hyundai Gamma II engine. For the engine’s intake valve timing, BorgWarner supplies a variable force solenoid (VFS) and patented passive torsional assist (TA) phaser with mid-position lock (MPL) and integrated center bolt hydraulic control valve. For exhaust valve timing, the company supplies the VFS and TA phaser with integrated center bolt valve. The 1.6-liter I4 gRead more
TDK to acquire Chirp Microsystems, aiming for leadership in ultrasonic sensing solutions
TDK Corporation announced that it has reached an agreement with Chirp Microsystems, Inc., a pioneer in high-performance ultrasonic sensing, in which Chirp becomes a wholly owned subsidiary of TDK. TDK expects to close the acquisition within the coming days.Read more