Schaeffler India announced the appointment of Harsha Kadam as the new Industrial President. In this role, Kadam will be responsible for Schaeffler’s Industry Business in India.

Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.

During the June-September 2017 quarter, total income (net) for the quarter increased to Rs 5,103 million, higher by 4.2 per cent than the corresponding quarter of 2016.

The Board of Directors of Schaeffler India Ltd (formerly FAG Bearings India Ltd), INA Bearings India Pvt Ltd (INA India) and LuK India Pvt Ltd (LuK India), at their respective meetings held recently, approved the draft Scheme of Amalgamation for the merger of INA India and LuK India into Schaeffler India Ltd.

FAG Bearings India Limited, a leading manufacturer of industrial and automotive bearings, announced that its corporate name is changed to Schaeffler India Limited as of July 7, 2017.

Allcargo Logistics received an award for ‘Best Risk Management Practice’ in the category of Supply Chain (Logistics) at the third India Risk Management Awards 2017 held in Mumbai.