Business Economy


Fake FAG ball and wheel bearing seized in raid

Chennai, Nov 17 (UNI) In an effort to prevent counterfeiting of its products Schaeffler India officials and law enforcement agencies carried out a raid in five locations in Delhi and seized counterfeit FAG wheel bearings and other FAG ball bearings along with fake packaging materials.
According to the Pune-based Schaeffler India, the raid was carried out on November 4th and 7th, 2025.
The coordinated raid targeted five locations — three wholesale outlets supplying across India, in the Kashmiri Gate area, along with two other locations of a supplier having storage units in Priyadarshani Vihar and Old Gupta Colony, Delhi.
Counterfeit products pose serious risks to operational safety, product performance, and customer trust. To combat this menace, Schaeffler has reinforced its vigilance and enforcement mechanisms, working closely with law enforcement agencies to track and dismantle unauthorized supply chains dealing in fake Schaeffler products, the company said.
The enforcement team, comprising police officials and representatives from Schaeffler, effectively identified the counterfeit materials.
UNI VJ SAS RN
More News

Brookfield, FedEx to set up GCCs in Mumbai

14 Dec 2025 | 1:39 AM

Mumbai, Dec 13 (UNI) Global alternative asset management and investment firm, Brookfield as well as FedEx Corporation plan to set up Asia’s largest global capability centre (GCC) in Mumbai, Maharashtra Chief Minister Devendra Fadnavis has announced.

see more..

Kerala boasts cost-effective ecosystem of space vendors: Experts at Huddle Global 2025

14 Dec 2025 | 1:02 AM

Thiruvananthapuram, Dec 13 (UNI) Kerala has a very cost-effective and mature ecosystem of space vendors that would help the country become a global vendor in the sector, said experts today at Huddle Global 2025.

see more..

AP: Ponduru Khadi from Srikakulam receives prestigious GI Tag

13 Dec 2025 | 8:22 PM

Srikakulam, (Andhra Pradesh), Dec 13 (UNI) After years of sustained efforts involving extensive documentation, meetings, and follow-ups, Ponduru Khadi, a traditional handwoven fabric from Srikakulam district, has been awarded the prestigious Geographical Indication (GI) tag, union Civil Aviation Minister Kinjarapu Ram Mohan Naidu on Saturday.
Ram Mohan Naidu, also a native of Srikakulam, expressed immense pride over the achievement.

see more..

SBI report flags marginal rise in inflation but sees comfort on prices and rates

13 Dec 2025 | 2:37 PM

New Delhi, Dec 13 (UNI) India’s retail inflation has shown a marginal reversal in November 2025 but remains at a comfortable level, with overall price pressures still muted, according to SBI Research’s latest Ecowrap report released on Saturday here.

see more..

Ozempic ® - world’s most prescribed GLP-1is now available in India

13 Dec 2025 | 4:02 AM

Hyderabad, Dec 12 (UNI) Novo Nordisk, a global healthcare company, on Friday announced the launch of its once-weekly diabetes drug Ozempic® (injectable semaglutide) in India, marking a significant addition to the country’s treatment options for type 2 diabetes.
The therapy, a GLP-1 receptor agonist, is approved as an adjunct to diet and exercise for adults with uncontrolled type 2 diabetes mellitus (T2DM).

see more..