CHINA MACHINERY ENGINEERING CORPORATION
World's largest solar plant has five million PV panels. Where is it located and how much electricity will it produce? Know in detail
China's state-controlled firm China Green Electricity Investment of Tianjin has built the world's largest solar plant in Urumqi of its Xinxiang province. It has more than five million PV panels.
Baidu launches upgraded AI model, says user base hits 300 million
The new model will be accessible to the public via web and mobile app interfaces, with developers able to integrate the technology through Baidu's Qianfan AI platform, the company's Chief Technology Officer Wang Haifeng said at a corporate event.
Higher demand from US, Turkey, UAE, Saudi Arabia drive engineering exports in May: EEPC India
Inclusion of steel in the RoDTEP scheme may provide greater incentive for steel exporters in India, said EEPC India Chairman.
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
Aircraft lessor DAE sees China's COMAC breaking Airbus, Boeing duopoly
Airbus and Boeing are the main suppliers of aircraft to airlines, but the European planemaker is struggling to boost production amid record orders and Boeing is under scrutiny from regulators after a mid-air panel blowout on a new plane in January.
Can India’s Rafale slay China’s ‘Mighty Dragon’ deployed near LAC?
New satellite imagery reveals the deployment of J-20 stealth fighter jets by PLA Air Force near LAC. India seems confident that newly-acquired Rafale fighters and S-400 air defence systems can effectively thwart any Chinese threats
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Wall Street bankers beaten in ‘Smartest’ chess tournament
William Graif, a chess enthusiast, has competed in various countries and now focuses on teaching chess to children after participating in the World Corporate Chess Championship.
Let the Chinese come, for Aatmanirbhar Bharat's sake
Modi government addresses delays in Chinese tech workers' visas, crucial for Atmanirbhar Bharat. Streamlining visa approvals for Chinese professionals enhances production capabilities and reduces import dependence in domestic manufacturing units.
IPO Calendar: 8 issues set to ignite primary market in post-election surge next week
In the mainboard segment, the public offers of Dee Development Engineers and Akme Fintrade will kick-off from June 19, while that of Stanley Lifestyles will be launched on June 21.
General elections 2024: A weaker mandate to impel policy reset
The underwhelming election results reflect voters' focus on economic and livelihood issues over free-food distribution. The need for productive employment is becoming a dominant necessity in policy considerations.
Govt finally takes note of woes of companies that need but can't get Chinese hands on time
Many Indian companies need Chinese expertise for execution of certain phases of projects. But visa issues don't allow these entities to avail the services of these workers when they need it. The Indian govt is seized of the problem and is now planning a fix.
Pakistan PM Shehbaz Sharif to visit China June 4-8, foreign ministry says
Pakistan's Prime Minister Shehbaz Sharif will visit China from June 4 to 8 on the invitation of President Xi Jinping. The trip aims to strengthen cooperation under the China-Pakistan Economic Corridor (CPEC) and address security concerns following recent attacks on Chinese citizens in Pakistan.
China enhances military support to Pakistan along LoC in Kashmir
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor (CPEC).
India major gainer of China+1, exports to soar to $835 billion by 2030: Nomura
India and Vietnam are emerging as key beneficiaries of the China plus one strategy, with Nomura predicting significant growth opportunities for Asian economies. According to a report by Nomura, India's exports are projected to skyrocket to $835 billion by 2030 from $431 billion in 2023, driven by its vast domestic market attracting companies seeking supply chain diversification away from China.
India's engineering exports to Russia surge amid Ukraine conflict but sanctions remain a concern
The geopolitical situation has reshaped India's export patterns, particularly in the engineering and machinery sectors. While opportunities in the Russian market have expanded, exporters must navigate the complexities of sanctions and banking reluctance to capitalize on this growth.
Infrastructural projects helping improve India's relationship with Africa: Indian corporate executive
Indian infrastructure projects in Africa have significantly enhanced ties between the two regions, according to S Kuppuswamy, a senior executive from the Shapoorji Pallonji group. He emphasized the importance of collaboration between Indian and US development finance institutions to ensure the swift execution of such projects and to counter China's influence in the region. Kuppuswamy highlighted the pride African nations take in Indian-built infrastructure, citing examples like Ghana's presidential palace.
Ebrahim Raisi, a hardline leader who brought Iran closer to China
Before news of Iranian President Ibrahim Raisi’s death emerged, China expressed "deep concern" on Monday after his helicopter went missing. Given China's significant trade ties with Iran and its role as a major buyer of Iranian oil, its concern appears justified. China stated it would closely monitor the situation and offer support to rescue operations. Raisi's efforts to strengthen Iran-China relations included a visit to Beijing last year, marking the first such visit by an Iranian president in two decades.
Aztec Fluids and Machinery stock debuts at 34% premium on BSE SME platform
Aztec Fluids and Machinery debuts on BSE SME platform at Rs 90, 34.3% premium over issue price. IPO oversubscribed over 200 times. Company offers coding and marking solutions across various industries.
Energy Mission Machineries debuts at 165% premium on NSE SME platform
Energy Mission Machineries Share Price: Energy Mission Machineries debuted on the NSE SME platform with a premium of 165%, opening at Rs 366 compared to the issue price of Rs 138. The IPO received overwhelming investor interest, oversubscribed 320 times.
Aztec Fluids and Machinery IPO: Check issue size, price band, GMP and other details
Aztec Fluids and Machinery IPO: The company aims to raise about Rs 24 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
Energy-Mission Machineries IPO: Check issue size, price band, GMP and other details
Energy-Mission Machineries IPO: The company intends to raise approximately Rs 41 crore through its SME IPO and plans to list the shares on the NSE SME platform. Here are 10 essential points investors should consider before subscribing to the issue.
China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI
India's reliance on Chinese industrial products like telecom, machinery, and electronics has increased in the last 15 years. China's share in India's imports imports of these goods has surged from 21 percent to 30 percent. Beyond economic concerns, the rise raises concerns about potential impacts on national security, broadening the scope of the issue beyond purely economic dimensions.
Govt should encourage large Indian engineering firms to get into semiconductor design: ICEA
Additionally, the government must also increase funding for the semiconductor design ecosystem by designating semiconductor design and manufacturing as a sector of strategic importance.
India's engineering exports up 10.7% in March, says EEPC
India's engineering goods exports, including steel and machinery, increased by 10.7% YoY to $11.28 billion in March, despite supply issues caused by disruptions in shipping through the Red Sea. In the 2023/24 financial year, engineering goods exports rose 2.13% to $109.3 billion. However, global demand slowdown, Russia-Ukraine war, and Middle East conflict have impacted exports. India's merchandise exports fell to $437 billion, while automobile exports declined 5.5%.
Surge in shipments to WANA, CIS countries push engineering exports in FY24
Increase in value-added exports and more FTAs with important trade partners especially in Latin America key for trade diversification: EEPC India Chairman
Maldives signs deal with China for redeveloping airport
The redevelopment of Kadhdhoo domestic airport into an international airport entails a 2.45-km runway with a terminal capable of handling 300 passengers during peak hours, according to a press release by the Maldives President's Office.
Here's how India is helping its soldiers keep warm along the LAC
India is strengthening its border defenses with high-tech bunkers along the India-China border. These bunkers can accommodate 120 troops and provide protection in sub-zero temperatures. Equipped with solar-powered air conditioning and sleeping quarters, they aim to improve comfort and readiness for soldiers. India shares a 3,488-kilometer disputed border with China, and the bunkers are part of a broader effort to enhance border infrastructure, including roads and railways. The initiative follows China's infrastructure development along its border with India.
The great AI debate: Open-source vs proprietary models in global showdown
The development and regulation of AI technologies, such as chatbots, GPTs, and search engines, are causing concern and debate. Geopolitical tensions arise as open-source AI models from China compete with proprietary models from the US and EU. Data privacy laws, consumer data protection, and standardized definitions and regulations for AI are seen as essential.
Why Volkswagen is building a team of 3,000 engineers in China
Volkswagen is revamping its strategy in China, creating a "China for China" initiative due to the country's dominance in the electric car market. The move includes hiring Chinese engineers, setting up an electric car plant in Hefei, and replacing European suppliers with Chinese ones. This shift, driven by China's EV growth and cost-effective production, impacts job cuts in Germany and shapes a competitive landscape challenging traditional carmakers.
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