Red Sea Crisis: Logistics Cost Concerns

BorgWarner extends transfer case business with North American OEM

BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active Electro-Mechanical On-Demand 2-Speed (EMOD) and a part-time Electric Shift-on-the-Fly 2-Speed (ESOF) transfer case. Two of the OEM’s combustion and hybrid passenger truck platforms will be equipped with the EMOD and ESOF, while an additional passenger t..

Ambuja plans expansion through acquisitions

Ambuja Cements, a subsidiary of the Adani Group, is strategically positioning itself for substantial growth with plans to expand its production capacity to 140 million tonnes per annum (MTPA). This ambitious target will be pursued primarily through a series of acquisitions, reflecting the company’s intent to strengthen its foothold in the Indian cement market. The company aims to tap into the growing demand for cement driven by ongoing infrastructure projects and urbanization across India. Ambuja Cements has identified several potential acquisition targets that align with its long-term growt..

Sitharaman urges G7/G20 support for Africa

Finance Minister Nirmala Sitharaman has called on G7 and G20 nations to intensify their support for African nations, emphasizing the importance of international cooperation in addressing the continent's challenges. Speaking at a recent forum, Sitharaman highlighted the pressing need for financial assistance and sustainable development initiatives to bolster economic growth in Africa. Sitharaman's appeal comes amid ongoing discussions about the global economic landscape, where African countries face significant hurdles, including debt distress, climate change impacts, and limited access to esse..