ELECTRICAL ENGINEERING
Infra cos step up hiring betting on govt focus on sector
India's infrastructure sector is hiring millions in unskilled, semi-skilled, and skilled labor segments, with expectations that the new government will continue investing in infrastructure development, including highways, roads, and airports. An estimated 9.8 million jobs are expected to be created in FY25, driven by strategic investments and ambitious plans for transportation and logistics development.
Volvo to launch only EVs in India, plans one new car every year
Swedish luxury carmaker Volvo Cars plans to exclusively launch electric vehicles in India after 2030. Volvo aims to introduce one new electric vehicle annually, starting with the EC30 in 2025. The market for electric cars in India, though currently small, is growing rapidly. Volvo holds a significant share in the luxury EV segment in India and sees potential for further growth in the country's luxury vehicle market.
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.
Skoda eyeing local equity partnership amid electric shift
Skoda Auto Volkswagen India is making progress in equity partnership talks with an Indian company to share costs and risks. While open to continuing solo, Skoda sees value in local collaboration amid government EV pushes and stricter emissions regulations. Future investments depend on this decision.
Megha Engineering emerges lowest bidder for Rs 12,800 cr nuclear power project
Megha Engineering & Infrastructures Ltd has been the lowest bidder for a Rs 12,800 crore engineering, procurement and construction (EPC) contract from the state-owned Nuclear Power Corporation of India. The company, which is the second-biggest buyer of electoral bonds and faces corruption allegations, submitted the lowest bid of Rs 12,799.92 crore.
To address talent shortage, chipmakers skilling engineering students
Firms like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research.
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Gensol Engineering bags another BESS project from GUVNL
Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.
Gensol Engineering emerges successful bidder for Rs 1,340-cr battery energy storage project
The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said.
KPI Green Engineering bags orders worth Rs 351 cr
KPI Green Engineering secures Rs 351.35 crore orders for railway track fencing crash barriers, solar projects, and electricity transmission line towers.
Very strong relations with India; co-producing armored vehicles: US Defence Secretary Lloyd Austin at Shangri La Dialogue
At the Shangri La Dialogue in Singapore, US Defence Secretary Lloyd Austin praised the strong US-India relationship. He talked about advancements in co-producing armoured vehicles and fighter jet engines. He emphasised the shared values between the two nations and predicted continued progress and momentum in the partnership. The strong ties are important for the two countries amid trouble in the Indo-Pacific region.
Buy Techno Electric & Engineering Company, target price Rs 1485: JM Financial
Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 11982.30 Crore) operating in Engineering sector.
Porsche 911 Hybrid unveiled: Here are price, launch dates, performance, speed, and other details
Porsche 911 Hybrid (Google Trends): Porsche has globally unveiled the 2025 911 Facelift, featuring hybrid technology in the Carrera and GTS trims. These models, available for order, are expected in India by late 2024 or early 2025, with prices starting at Rs 1.86 crore. The 911 GTS hybrid boasts a 541 BHP powertrain, faster acceleration, and improved performance, aligning Porsche towards electrification.
Japan's Toyota shows 'an engine born' with green fuel despite global push for battery electric cars
Toyota plans to introduce lean compact engines running on green fuels like hydrogen and bioethanol, paired with electric motors in hybrids. The company aims to push the world into carbon neutrality with optimized engines for the electrification era.
Heat wave: IMD issues red alert for 5 states including Delhi NCR as temperature breaches 48 degrees
A severe heat wave is forecasted to persist in northwest India, including Rajasthan, with temperatures reaching 48°C. The India Meteorological Department warns of intense heat wave conditions affecting several states, including Gujarat and Madhya Pradesh.
Heatwave grips Rajasthan, Barmer hottest at 48 deg C; govt cancels leaves of doctors, officials
Health authorities had already cancelled the leaves of all doctors and paramedical staff in government hospitals as temperatures soared in the state.
Will this be the Maruti Suzuki Wagon R Electric?
Suzuki files patent for eWX, speculated as electric WagonR for India showcased at Auto Expo 2023. Features tall boy design, closed-off grille with C-shaped light clusters, plastic cladding, yellow highlights, and 230 km range on full charge. Maruti pursuing hybrid vehicle plan, working on Series Hybrid engine, plans for smaller hybrid cars and Swift.
Gensol Engineering appoints Shilpa Urhekar as Chief Executive Officer of Solar EPC (India)
Shilpa Urhekar appointed as CEO of Solar EPC at Gensol Engineering, with a focus on strengthening India's solar EPC sector. Her experience includes successful project management and growth strategies.
10 Best Chainsaw Machines in India Engineered for Effortless Cutting (2024)
Explore the pinnacle of cutting technology with this selection of the best chainsaw machines. Designed for optimal performance and durability, these top-rated chainsaws boast powerful engines and precision engineering, ensuring swift and efficient cutting. With features like ergonomic designs, anti-vibration systems, and easy-start mechanisms, these machines prioritize user comfort and convenience without compromising on power. Whether you are a professional or a DIY enthusiast, this curated selection offers the perfect chainsaw to tackle any cutting task with ease and precision.
Cargo ship that caused Baltimore bridge collapse had power blackout hours before leaving port
Investigators attribute the March collapse of Baltimore's Francis Scott Key Bridge to the cargo ship Dali's electrical blackout, caused by a crewmember's mistake during maintenance. The ship lost power shortly after leaving the port, crashing into a bridge support. The National Transportation Safety Board conducts a comprehensive investigation, expected to last over a year. Meanwhile, the FBI initiates a criminal inquiry into the incident.
Q4 results today: Bharti Airtel, Patanjali Foods among 97 companies to announce earnings on Tuesday
Bharti Airtel and 96 other companies are set to announce Q4 results. Airtel's expected net profit ranges from Rs 2,201-5,309 crore with revenue projections of Rs 38,736-39,360 crore.
Pakistan military appoints new corps commanders for Peshawar, Mangla corps in PoK
Gen. Bukhari and Lt Gen Zakria appointed as corps commanders in Peshawar and Mangla, signaling a renewed focus on countering militancy in Khyber Pakhtunkhwa. Changes in military leadership suggest a shift towards addressing security challenges in the region.
Mercedes retreats to gas guzzlers as EVs fail to boost profit
Mercedes-Benz Group AG is adjusting its electric-vehicle goals due to weakening sales, opting for combustion engines longer. CEO Ola Källenius cites slower transformation, pledging to make combustion and hybrid vehicles into the 2030s if demand persists. Disappointing electric model orders and lower margins prompt the shift, reflecting wider industry challenges.
Norms eased to draw in more suppliers for power equipment
India's primary planning and advisory body for the power sector has loosened a significant condition for power equipment supplies in public sector projects, aiming to enable utilities to issue tenders that facilitate greater involvement from private vendors, sources familiar with the matter revealed.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
Public sector banks may get legal teeth on issuing lookout circulars
This follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) don’t have the power to recommend, or ask, the central government for the issuance of LOCs against defaulting borrowers.
Three-engineers' body question
Three engineering students debate the human body's designers, with some suggesting mechanical, electrical, or civil engineers. A dog, bird, and cat die, and Yama, the lord of death, asks each one their beliefs. The dog believes in discipline, training, and loyalty, while the bird believes in singing for his master. The cat believes in being in Yama's seat.
India-US jet engine deal is revolutionary, says Defence Secretary Austin
US Defence Secretary Austin commends the groundbreaking India-US deal to jointly produce fighter jet engines, emphasizing the transformative impact on India's defense capabilities and the unprecedented level of collaboration between the two nations.
Volvo Car just made its last-ever diesel vehicle; last XC90 SUV headed to museum
Volvo Car AB has ceased diesel engine production, marking a shift to all-electric vehicles by 2030. The XC90 SUV, the last diesel model, rolled off the line in Sweden. Despite global EV demand cooling, Volvo remains confident in its customer offerings and commitment to sustainable mobility.
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