Cummins made the disclosure in its first-quarter financial report. Profit dropped in the period, but sales hit a record high. The company also said interest in its emerging hydrogen business is growing.
Indiana Gov. Eric Holcomb and Secretary of Commerce Brad Chambers spent this week in Sweden, the United Kingdom and Monaco meeting with world leaders and companies.
Security-products company Allegion, which has about 1,300 employees at its Americas headquarters in Carmel, expects to close the largest deal in its history in the third quarter.
Prodport’s CEO and cofounder is Ohad Hecht of Carmel, who formerly led marketing-tech firm Emarsys until leaving that company last year.
Treasury Secretary Janet Yellen and Ukraine’s Finance Minister Serhiy Marchenko walked out of a Group of 20 meeting Wednesday as Russia’s representative started talking.
Indiana Gov. Eric Holcomb and Secretary of Commerce Brad Chambers are set to lead an economic development trip to Sweden, the United Kingdom and Monaco at the end of this month to bolster strategic relationships and highlight the state’s industries.
Trucks containing household goods, car parts and other shelf-stable goods have been delayed, tangling up supply chains that involve hundreds of thousands of jobs on both sides of the border.
One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday as frustration and traffic snarls mounted over orders by Texas Gov. Greg Abbott requiring extra inspections of commercial trucks.
The White House said sanctions the U.S. and more than 30 other nations have already enacted have stung the Russian economy.
Reports of civilians being tortured and killed in Ukraine, with streets on the outskirts of Kyiv being strewn with corpses, had some lawmakers this week questioning why the Senate had not yet taken action on the bill.
Indiana’s state government is selling off nearly $150 million of Russian-related investments as the governor said he’s looking at ways the state could help Ukrainian refugees fleeing from the Russian invasion of their country.
Clean energy leaders said the investigation—which could result in retroactive tariffs of up to 240%—would severely hinder the U.S. solar industry, leading to thousands of layoffs and imperiling up to 80% of planned solar projects in the United States.
Brazil-based Solinftec has had operations in West Lafayette since 2019. The company is now working to launch a robot that would continuously roam agricultural fields and collect information farmers can use to improve their operations.
In return, the British agreed to lift retaliatory tariffs on U.S. exports, including whiskey.
Companies have had to figure out ways to support their Ukraine-based workers while also keeping business moving in a time of huge disruption.
Indianapolis Airport Authority officials are looking to 2023 and 2024, with a focus on renewing the nonstop flight to Paris and possibly other international destinations.
The trip also will include a humanitarian component tied to Russia’s invasion of Ukraine.
Cummins has operated in Russia for decades and has 700 employees in that country, but on Friday the company said it was halting all operations in Russia “indefinitely” because of Russia’s invasion of Ukraine.
Additionally, the pharmaceutical giant said in a statement that it had “suspended all investments, promotional activities, and new clinical trials in Russia.”
A further round of talks between Russian and Ukrainian officials on Monday will focus on discussing a potential ceasefire with an immediate withdrawal of troops and security guarantees, Ukraine negotiator Mykhailo Podolyak said.
