CONSTRUCTION TECHNOLOGY
Tata Hitachi to invest Rs 200cr in FY'25, localisation remains top priority
Tata Hitachi Construction Machinery has announced a Rs 200 crore investment in its manufacturing plants to boost quality, innovation, and localisation. The company aims to increase localisation levels to 70% in 2-3 years. The company plans to produce 60-tonne dump trucks in India and introduce more models under the 'Atmanirbhar' policy. Managing Director Sandeep Singh highlighted the importance of localisation for cost control and expressed optimism for infrastructure development post-Union budget.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
Why did Elon Musk fail to construct underground pod transport system in Las Vegas? Know about the tunnel for Tesla cars?
Elon Musk- owned The Boring Company planned the Las Vegas Convention Center Loop, or LVCC Loop, which could be a system of tunnels where people could travel on pods. But there are no pods in the neon-colored well-constructed tunnel, there are driver-manned Tesla cars instead.
Tech-enabled construction startup Wify raises funding from Mount Judi Ventures, Capria Ventures
The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories. Wify will also The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories, company said in a statement.
Consistent winners! 9 stocks gain at least 25% in last four quarters, turn multibaggers
Indian equities soar to all-time highs with Nifty breaking above 24,000 levels, supported by the private banking sector. Sectors like IT and healthcare offer growth opportunities, making a stock-specific approach advisable amidst the current market conditions.
L&T group facing shortage of over 45,000 labourers and engineers: Chairman Subrahmanyan
The flagship engineering, procurement and construction business is grappling with a labour shortage of 25,000-30,000 labourers, while the information technology and IT-enabled services business is facing a shortage of 20,000 engineers, he told reporters here.
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How MSMEs can boost India's real estate market
With streamlined regulations and increased credit access, MSMEs have the potential to boost India's real estate sector.
Oil & gas, construction and IT head FPI sell list; realty gets most inflows
Overseas investors, FPIs, NSDL data show ₹12,519 crore sold in 11 sectors between June 1-15. Oil & gas, construction, IT, metals & mining saw money shift. Oil & gas had largest selling at ₹3,683 crore in June's first fortnight.
FY24 threw 12 multibagger stock ideas with consistent earnings growth. Which ones to chase?
FY24 featured 12 multibagger stocks with consistent earnings growth in sectors like autos, capital goods, PSUs, power, and infra sectors. Experts shared valuable insights for investors looking to capitalize on market opportunities.
On the way: Production of Bitumen using biomass
India plans to produce bio-bitumen from biomass to reduce imports and tackle stubble burning issues in road construction.
Centre approves proposal for construction of Rithala-Narela-Kundli metro corridor
The Centre has cleared a Ministry of Housing and Urban Affairs-DDA proposal for the construction of the Rithala-Narela-Kundli metro corridor, a Raj Niwas statement said on Saturday. Delhi Lieutenant Governor V K Saxena had taken up the construction of this metro corridor with the Centre on various occasions, it said.
Beyond TDP euphoria! Andhra-linked stocks that are worth buying for the long term
Stocks of companies linked to Andhra Pradesh surge post TDP victory, led by Heritage Foods and Aurobindo Pharma.
Centre likely to invest Rs 1,000 cr for new IIM's construction in Assam, says CM Himanta Biswa Sarma
Assam Chief Minister Himanta Biswa Sarma announced that the Centre is set to invest Rs. 1,000 Crore for the construction of a new Indian Institute of Management (IIM) in Assam. The proposed site for the IIM is located in the Marabhita and Dighalkuchi localities in Kamrup district, marking the second IIM in the Northeastern region after IIM Shillong in Meghalaya.
Organised paints sector set to double production capacity by 2027
A study by CRISIL Ratings reveals that the organised paints sector's production capacity is set to double to 7.8 billion litre per annum by 2027 with investments of Rs 19,000 crore lined up from key industry players.
GRSE shares surge 8% after it becomes L1 bidder for DRDO order
GRSE further informed that the deal is still in its negotiation phase and has not been signed yet. The company has given multibagger returns of 169% to its investors in the last year while in the last 6 months, the shares of GRSE have increased by 60.3%.
Environment Day: Noida Airport to have 8-acre forest with local species, 133-hectare green area
Noida International Airport (Google Trends): The Noida International Airport CEO Christoph Schnellmann has emphasized a net-zero emissions philosophy. With 580 trees transplanted and an eight-acre forest reserve, biodiversity preservation is a priority. The airport's eco-friendly initiatives include renewable energy and innovative technology to reduce carbon emissions, paving the way for a greener future in Indian air travel.
PropTech investment reaches $4.6 billion since last decade
PropTech firms have seen a significant growth in investment since FY 2011, with a total of $4.6 billion in the last 14 years. This growth is attributed to the transformative impact of technology on the real estate industry, driving efficiency and innovation. Despite global economic uncertainties, PropTech firms' funding experienced a marginal dip in FY 2024, with investments totaling $657 million, down from $683 million in FY 2023. The shared economy and construction technology segments have emerged as leaders in the PropTech space, with 55% and 23% of the overall private investments in FY 2024, respectively.
Army chief visits Thal Sena Bhawan construction site; complex to be completed by Jun 2025
Army Chief Gen Manoj Pande visited the Thal Sena Bhawan construction site at Delhi Cantonment, set to complete by June 2025. Initiated in March 2023, the project focuses on modern infrastructure and sustainability, featuring green initiatives like tree transplantation, compensatory planting, and eco-friendly materials. The complex aims to be net-zero with facilities for composting, sewage treatment, solar energy, and EV charging. Additionally, Gen Pande inaugurated a 400-bed state-of-the-art barrack completed in one year. The eight-storey HQ building aligns with the Central Vista redevelopment, costing approximately Rs 760 crore.
FPIs increase exposure to capex theme in May
The government has a capex plan of Rs 11.1 lakh crore for the current fiscal year compared with Rs 9.5 lakh crore in the previous year. Of this, Rs 2.5 lakh crore is allocated for railways and Rs 2.7 lakh crore for roads and highways.
Be selective in FMCG stocks, in infrastructure, wait for dips: Gurmeet Chadha
Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.
Financial services, IT top on FPI selloff list in May
The construction sector witnessed foreign selling worth ₹3,811 crore in the first half of May after they bought shares worth ₹280 crore in April. Oil & gas and fast-moving consumer goods (FMCG) also saw foreign selling worth ₹2,808 crore and ₹1,158 crore respectively.
Demand for skilled blue-collar workers from India goes up by 25 pc in UAE: Report
The report by Huntr is based on quantitative surveys with qualitative interviews with 1,00,000 blue workers enrolled on the platform from May 2023-April 2024 compared to the corresponding period of the previous year. It further stated that the UAE's thriving industries, such as technology, healthcare, construction, manufacturing, and logistics, are driving the demand for skilled Indian blue-collar workers.
India's infra push to raise demand for TMT bars: Industry players
India consumed 50.3 million tonnes (MT) of TMT bars in FY23, up from 46 MT in the previous fiscal. Domestic manufacturers collectively produced 51 MT TMT bars in FY23 compared with 47.2 MT in FY22.
BRO celebrates 65th Raising Day, to soon commence construction of Shinkun La Tunnel
The Border Roads Organisation (BRO) celebrated its 65th Raising Day, with Defence Secretary Giridhar Aramane emphasizing the need for the organization to adopt the latest technology and techniques for faster project completion. The BRO is set to commence construction on the Shinkun La Tunnel, which will be the world's highest tunnel once completed. The celebration event in New Delhi highlighted the BRO's successful operations in challenging terrains and weather conditions, including its contributions to relief efforts during natural disasters.
Q4 results today: PB Fintech, Dr Reddy's among 43 companies to announce results
Q4 results today: 43 companies are set to announce Q4 results, with Dr Reddy's and PB Fintech in focus. Dr Reddy's eyes revenue and net profit growth, while PB Fintech anticipates 18% YoY growth in core business premium.
10 Best Insulated cups and mugs for beverages
Insulated cups and mugs are essential items for keeping beverages at the desired temperature for extended periods. Designed with double-walled construction and a vacuum-sealed layer between the walls, these cups and mugs effectively retain the heat or cold of the drink inside. Whether it's piping hot coffee on a chilly morning or refreshing iced tea on a hot summer day, insulated cups and mugs maintain the temperature of the beverage for hours, allowing users to enjoy their drinks at their preferred temperature throughout the day. With a wide variety of styles, sizes, and materials available, insulated cups and mugs are versatile and convenient accessories for home, work, or outdoor activities.
BCD Group and Maiwir Engineering enter into a joint venture to speed up construction using advanced technologies
BCD Group and Maiwir India have formed a joint venture to utilize futuristic technologies and building infrastructure modeling for real estate projects in Bengaluru, offering an accelerated construction speed to clients. Through this partnership, BCD aims to develop over 100 million square feet of real estate over the next 5 years as it looks to strengthen its order book.
Magicrete builds over 1,000 apartments using 3D modular precast concrete construction system
The project, which includes 1008 dwelling units, demonstrates cost parity with traditional construction methods.
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