Schaeffler India, a motion technology company, has named the winners of the 4^th edition of its Social Innovator Fellowship Programme. The initiative identifies and supports individuals aged 18–35 developing solutions for environmental and societal challenges.

The programme focuses on several key areas, including environmental sustainability, renewable energy, carbon neutrality, the circular economy and natural resource management.

Following a screening process and prototype demonstrations, 10 projects were selected from 172 eligible applications. Each winner received a grant of INR 175,000.

The winners will also participate in a 24-week hybrid mentorship programme at IIMA Ventures, part of the Indian Institute of Management Ahmedabad. This phase provides tools, frameworks and expert mentoring to prepare the solutions for the market and assist in scaling their impact.

Since July 2025, the programme received more than 460 registrations from 21 states across India, including Maharashtra, Karnataka, Tamil Nadu and Delhi. Out of these, 103 applicants were shortlisted for final assessment.

Harsha Kadam, MD and CEO, Schaeffler India, said, “Change is the only constant. In a dynamic world where environment and technology play a fundamental role to meet the evolving needs of the world’s populus, the Social Innovator Fellowship Program speaks volumes of Schaeffler’s commitment to ESG and building not just a technologically advanced business model but be sensitive to the environment we operate in. It is our commitment to building a sustainable future that drives us to keep supporting this program year on year. With the response rates from participants growing over the years it’s overwhelming to see the indomitable spirit where technology and human consciousness collaborate to build a better world."

"We are happy that program is designed to identify and empower young changemakers who are developing scalable, impactful, and technology-driven solutions. In doing so, Schaeffler aims to harness entrepreneurial spirit and provide a platform where innovators can translate their ideas into transformative actions that make a sustainable impact on society,” added Kadam.

The award ceremony featured representatives from academia and the development sector, including Professor Gurudas Nulkar from the Gokhale Institute of Politics and Economics, Munish Bhatia of India Accelerator, Dr Bharat Kakade from the BAIF Development Research Foundation and Ankur Sohanpal of IIMA Ventures.

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Italian design and engineering company Pininfarina has announced that its Board of Directors has appointed Paolo Dellacha as its new Chief Executive Officer and General Manager, effective immediately.

Dellacha, who joins the Board until the next Shareholders’ Meeting, previously served as the Chief Executive Officer of Automobili Pininfarina. The move is intended to strengthen company governance and leadership as the firm pursues business development and addresses industry challenges.

In a concurrent move, the Board of Directors has appointed Jay Noah Itzkowitz as Vice-Chairman of the Board.

“I am very pleased to welcome Paolo Dellacha. Paolo will bring strong energy and passion to his new role and thanks to his past experience, he will make a decisive contribution to continue driving Pininfarina’s growth, and execution of its strategic plans,” stated the company in a statement.

Paolo Dellacha, said, “I would like to thank the Chair and the Board of Directors for trusting me to lead Pininfarina into this new phase of growth. I approach this opportunity with enthusiasm, inspired by the strength of the Brand’s 95-years heritage of craftmanship and innovation. I deeply admire the passion and expertise of our people who have positioned Pininfarina at the pinnacle of automotive design, as well as in architecture, nautical, industrial and product design”.

The leadership changes are designed to support the development of future programmes and the global positioning of the Pininfarina brand. The company stated the transition will help leverage collaborations across the Group and consolidate its organisational foundations.

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R C Bhargava the Chairman of Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has been conferred ‘The ICSI Lifetime Achievement Award for Translating Excellence in Corporate Governance into Reality’ by The Institute of Company Secretaries of India (ICSI).

The commendation was presented by Dr Raj Bhushan Choudhary, Minister of State for Jal Shakti, and P T Usha, Member of Parliament and President of the Indian Olympic Association, during the ICSI National Awards for Excellence in Corporate Governance.

ICSI is a professional body established under an act of Parliament to regulate the profession of Company Secretaries. It functions under the jurisdiction of the Ministry of Corporate Affairs and contributes to government initiatives regarding socio-economic growth.

R C Bhargava, said, “This prestigious award has been awarded to me, but the reality is that this recognition would not have been possible without the participation of the Maruti Suzuki management and employees. Over four decades, they have maintained high standards of ethics and integrity, and by doing so, made the award possible. I am very grateful to all of them and dedicate the award to all members of the Maruti Suzuki family, past and present.”

“I believe good corporate governance requires the top management to clearly differentiate between right and wrong, implement this in all their own actions, act as trustees of the company assets, believe in team building, and look after the legitimate interests of all stakeholders,” added Bhargava.

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British energy major BP has announced that it’s Board has appointed Meg O’Neill as the company’s next Chief Executive Officer (CEO), effective 1 April 2026.

She will succeed Murray Auchincloss, who has stepped down from his position as CEO and director of the board, effective 18 December 2025. Carol Howle, currently Executive Vice-President for supply, trading and shipping, will serve as interim CEO until O’Neill joins the company. Auchincloss will remain in an advisory role until December 2026 to assist with the transition.

At present, O’Neill is the current CEO of Woodside Energy, a position she has held since 2021. During her tenure, she managed the acquisition of BHP Petroleum International. Prior to joining Woodside in 2018, she spent 23 years at ExxonMobil in technical and operational roles.

Albert Manifold, Chair of BP, said, “We are delighted to welcome Meg O’Neill to the BP team. Her proven track record of driving transformation, growth, and disciplined capital allocation makes her the right leader for bp. Her relentless focus on business improvement and financial discipline gives us high confidence in her ability to shape this great company for its next phase of growth and pursue significant strategic and financial opportunities.”

“Following a comprehensive succession planning process, the Board believes this transition creates an opportunity to accelerate our strategic vision to become a simpler, leaner, and more profitable company. Progress has been made in recent years, but increased rigor and diligence are required to make the necessary transformative changes to maximise value for our shareholders,” added Manifold.

Meg O’Neill, said, “BP plays a critical role in delivering energy to customers around the world. I am honoured to serve as the company’s next CEO. With an extraordinary portfolio of assets, BP has significant potential to reestablish market leadership and grow shareholder value. I look forward to working with the BP leadership team and colleagues worldwide to accelerate performance, advance safety, drive innovation and sustainability and do our part to meet the world’s energy needs.”

Murray Auchincloss, noted, “After more than three decades with BP, now is the right time to hand the reins to a new leader. When Albert became Chair, I expressed my openness to step down were an appropriate leader identified who could accelerate delivery of BP’S strategy. I am confident that BP is now well positioned for significant growth and I look forward to watching the company’s future progress and success under Meg’s leadership.”

The board confirmed that Howle’s appointment ensures continuity, citing her 25-year history with the firm.

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ContiTech, a Continental group sector, has officially introduced its new Reduced Dimension Spiral hydraulic hose series to the Asia-Pacific market. Designed specifically for construction, agricultural and mining machinery, this series aims to improve equipment efficiency through high-pressure capability, flexibility, a lightweight build and extended service life.

The hose incorporates a four- to six-layer spiral of high-tensile steel wire and an optimised synthetic rubber inner tube. This construction yields a more compact and lighter hose with a tighter bending radius, allowing for easier installation in space-constrained machinery like excavators and loaders. The reduction in weight and size contributes to lower system load and energy consumption while also simplifying logistics, installation and maintenance for improved efficiency across the value chain.

Engineered for extreme conditions, the series operates reliably in temperatures ranging from –40°C to +120°C. It maintains flexibility in deep cold and provides strong resistance to oil and swelling at high temperatures. A durable inner tube and weather-resistant cover ensure consistent performance in demanding settings, from arctic mines to high-temperature industrial plants, minimising environmental stress and the need for frequent maintenance.

The product line spans working pressures from 4,100 to 6,100 psi, complies with ISO 18752 CC class standards and carries MSHA flame-resistance certification, adhering to a 4:1 safety factor. This multi-pressure design allows equipment manufacturers to consolidate hose variants, simplifying inventory management, reducing storage costs and maintaining safety across diverse high-pressure uses. Standardisation further streamlines customer processes in assembly, procurement and upkeep.

Tailored for the Asia-Pacific region, the SRDS version features a reinforced synthetic rubber cover that excels in repeat bending applications. Its compound resists surface cracking in tough conditions, including low temperatures, offering a reliable and cost-effective solution. For more severe environments, the XRDS series includes an abrasion-resistant cover for enhanced protection against impacts, friction, and wear in mining, construction, and forestry, thereby extending service life and reducing downtime.

Aligning with its customer-focused approach, ContiTech applies its expertise in high-performance materials and manufacturing to provide safe, efficient and sustainable solutions. The company collaborates with industry partners to advance reliability, efficiency and sustainability across the construction sector.

Xin Song, Head of Mobile Industrial Solutions, Industrial Solutions APAC, ContiTech, said, “The construction, agriculture and mining industries are rapidly transforming towards greater reliability, lower emissions and smarter equipment systems. Leveraging over 150 years of materials expertise, ContiTech develops customer-centric solutions. The Reduced Dimension Spiral series was engineered with deep insights into industry challenges, delivering breakthroughs in lightweight design, space efficiency and extreme-environment adaptability while maintaining constant high-pressure performance. It helps customers reduce equipment load, improve energy efficiency and maximise value across the full equipment lifecycle.”

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