NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Investor confidence drives Indian realty investments to $4.8 billion in H1 2024
Amid global economic challenges, Indian real estate showcased resilience, attracting $4.8 billion in institutional investments in H1 2024, up 81% from the total $5.8 billion in 2023. With 40 deals, investment activity surged, driven by strong foreign and growing domestic investor confidence, signaling robust economic growth and diversified opportunities in emerging sectors.
PE investment in real estate hits $2.5 bn in Q2, a 3-year high
Institutional investments in India's real estate sector surged to a three-year high of $2.5 billion in the June quarter, primarily driven by robust activity in the industrial and warehousing, and residential segments, according to Colliers. The industrial and warehousing segment attracted the majority of investments at $1.5 billion, marking an 11-fold increase from Q2 2023, while the residential segment also experienced significant growth. Conversely, investments in the office sector plummeted 83%. Foreign investors, particularly from the US and UAE, were prominent contributors in the market, indicating a positive outlook for the industry.
Bihar set to play important role in becoming growth engine of country: Bihar Minister Nitish Mishra
Bihar's government showcased the state's potential in textiles, IT, manufacturing, and tourism at an event in Kolkata. The efforts to attract investors and dispel negative perceptions aim to position Bihar as a key player in India's growth story. With upcoming events and roadshows, Bihar is gearing up to become a prominent investment destination, emphasizing its strengths in various sectors.
India is witnessing high foreign remittances & FDI inflow: Goyal
India's thriving investment appeal is evident with high foreign remittances and FII inflows, while regulatory reforms and sector openings attract global interest. Elon Musk's potential investments in the space and EV sectors signal promising developments for India's economic growth and international partnerships.
Railways to revise Rs 31,000 cr wagon procurement plan
The Indian Railways has revised its ₹31,418 crore wagon procurement plan after supplier Modern Industries failed to fulfill a contract. The plan, which aimed to supplement the 300,000 existing wagons on the network, was placed with seven suppliers in July 2022. The largest order was placed with Titagarh Wagons for 24,177 units. Modern Industries was supposed to supply 9,242 wagons for ₹3,776.35 crore, but the order was scaled down to 3,151 wagons for ₹1,287.54 crore last month under force majeure conditions.
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Oil edges lower after industry group reports jump in US stockpiles
Oil prices fell on surprise U.S. stockpile increase, with concerns over weak demand. The U.S. summer driving season and consumer confidence decline contributed to market worries, along with a stronger dollar. Brent crude dropped to $84.82 a barrel.
DEE Development Engineers IPO gets subscribed 99.56 times
The portion for qualified institutional buyers received a whopping 201.91 times subscriptions while the category for non-institutional investors got subscribed 144 times. The part for retail individual investors (RIIs) received 23.42 times subscriptions.
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.
Karnataka contributes 22% to global R&D, says IT Minister Priyank Kharge
Karnataka IT Minister Priyank Kharge on Wednesday said the state is at the forefront of innovation, contributing 22 per cent to global R&D, and is leading in areas such as technology services. The state government is striving to make not just Karnataka but India a skilled nation, research and manufacturing destination, innovation capital and biotech and startup hub, he said.
Unstoppable bull run! Sensex, Nifty hit lifetime highs for 4th straight day on solid global cues
Nifty50 and Sensex reached new highs driven by banking and IT stocks amid expectations of a rate cut by the Federal Reserve.
CFI elects Tata Projects MD & CEO Vinayak Pai as President of national council
Tata Projects MD & CEO Vinayak Pai elected as President of Construction Federation of India's National Council for a two-year term (FY25-FY26). The council includes industry leaders like Akhil Gupta, Priti Patel, Ajit Bhate, Arjun Dhawan, Hardik Agrawal, M V Satish, Nalin Gupta, Krishnam Raju P, Vimal Kejriwal, and Yogen Lal.
Volvo Group partners with Indian universities to augment engineering education in the country
Volvo group Inks MoU with Manipal University, KIIT University and SRM University to build a stronger industry-academia engagement and enhance industry readiness of students in the automotive arena.
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.
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.
Saudi Aramco's Amin Nasser: homegrown engineer who reached the top
Aramco CEO Amin Nasser's leadership pivotal for Saudi's stability. Managed response to 2019 attacks, restoring operations swiftly. Supports economic diversification and revenue flow for Saudi stability.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
DCM Shriram inks pact with ICT for R&D in chemical industry
DCM Shriram Ltd has signed a memorandum of understanding with Mumbai's Institute of Chemical Technology (ICT) to boost research and development in the chemical industry. The partnership focuses on specialised R&D projects in chemical engineering, epoxy polymers and composites, and water treatment chemicals. The agreement was signed by ICT Vice Chancellor Aniruddha Pandit and DCM Shriram Chemicals Chief Product Development and Innovation Officer Debabrata Rautaray.
Know Your Fund Manager | Harish Krishnan, Co-CIO and Head Equity, Aditya Birla Sun Life AMC
Once I joined Kotak, I realised that the role of a buy-side analyst is not very different from that of consulting – in terms of looking at a range of companies across sectors, trying to analyse various aspects that improve competitiveness of the company – but with a key difference.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
Russia’s premier foreign policy forum to focus on BRICS role in shaping global financial architecture
The 'Primakov Readings' Forum in Moscow will discuss BRICS priorities in the context of Russian Presidency of BRICS. The theme is 'Russia in the Global Context' with key attendees like Yury Ushakov and Sergey Lavrov.
Panel to examine if nutraceuticals can be produced within drug unit
In a significant development, a five-member expert committee has been appointed to assess the feasibility of allowing the manufacturing of nutraceuticals within drug manufacturing facilities in India. This decision comes after the country's drug regulator had previously warned of taking action against those violating regulations by producing supplements and drugs in the same facility.
India's chemicals market to hit $29.7 bn in 2024, set for steady growth with 3.26% CAGR through 2029
India's chemicals market, valued at USD 220 billion in 2023, is projected to grow to USD 383 billion by 2030, with an 8.1% CAGR. This sector, currently the sixth largest globally by sales, has attracted USD 21.7 billion in FDI from April 2000 to September 2023, benefiting from 100% FDI under the automatic route. Investments in Petroleum, Chemical, and Petrochemical Investment Regions (PCPIRs) are expected to reach USD 420 billion. The establishment of educational institutes like CIPET and IPFT will drive skill development.
D2M tech pioneer takes on DoT arm
The Telecommunications Engineering Centre (TEC) report has suggested that 3GPP 5G broadcast standards - backed by global chipmakers Qualcomm and Samsung, telecom equipment vendors Nokia and Ericsson as well as Indian telecom operators - have superior ecosystem readiness for direct-to-mobile (D2M) broadcasting compared with the ATSC 3.0 protocols.
NCLT order reinforces allegations of mismanagement of Kirloskar Brothers: Kirloskar Industries
The order confirms that a case of oppression and mismanagement under Section 241 and 242 of the Companies Act has been made out by KIL and others petitioners, against KBL, its Board of Directors and Pratima Kirloskar (wife of Sanjay Kirloskar), the statement added.
ChatGPT Effect? 7,000 IIT students still jobless as placement season ends; Institute sends SOS to alumni for help
Over 7,000 IIT students remain unplaced as the 2023-24 placement season ends. IIT Delhi, IIT Bombay, and BITS are seeking help from alumni to secure jobs for these graduates. Economic factors and technological advances, such as the rise of ChatGPT, have contributed to the decline in placements, with many companies adopting a cautious hiring approach.
BMC sets up expert panel to frame guidelines for billboards in Mumbai
On May 13, a giant illegal hoarding in the city's Ghatkopar area fell on a petrol pump during gusty winds and unseasonal rains, leaving 17 dead so far and over 70 injured. Rakesh Kumar, an ex-employee of National Environmental Engineering Research Institute (NEERI), is the environment expert on the panel, while IIT Bombay's Prof. Avjit Maji, Prof. Nagendra Rao Velaga, besides Prof. Shreekumar from the department of Industrial Design, are other members.
How might a US-Saudi civil nuclear deal work?
White House National Security Adviser Jake Sullivan to visit Saudi Arabia to discuss a civil nuclear cooperation agreement, key for U.S.-Saudi relations and Israeli-Saudi reconciliation under Section 123 of the U.S. Atomic Energy Act of 1954.
Why CSIR scientists are turning up at work in wrinkled clothes every Monday
By going to office in unironed clothes one day every week, scientists at CSIR seek to iron out the glitches in the big climate fight plan by contributing to India's energy conservation efforts.
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