ENGINEERING BUSINESS
Prompts and the art of earning in times of AI
Digital artists are leveraging AI prompts to enhance their income by selling unique prompts on various online marketplaces. Prompt engineering plays a crucial role in translating human intent into AI-generated art. Competition in the market is increasing, challenging artists to stay innovative.
Amid delays, HAL now aiming to deliver first LCA Mark 1A by August 15; GE engine supplies to start by September
Hindustan Aeronautics Limited strives to deliver the first LCA Mark 1A fighter jet to the Indian Air Force by August 15. Delays in delivery schedule may be addressed with GE-404 engine supply starting in September-October. Prime Minister's role expected in induction ceremony. Program aims to modernize Indian Air Force fleet.
Inside Goldman Sachs' expanding but risky financing engine
The fund finance unit, housed in the bank's global banking and markets division, lends money secured by different types of assets to private equity and other funds. Such assets, however, can be hard to value and trade, and some loan products are yet to be tested in a downturn, making lending against them risky.
India needs 1 million high-tech engineers as economy expands
India’s $250 billion tech sector plays an important role in the economy, employing about 5.4 million people. Tech services make up about 7.5% of the country’s $3 trillion-plus gross domestic product.
TAFE Motors, DEUTZ AG ink pact; to expand internal combustion engine business
TAFE Motors and Tractors Ltd would produce engines to suit newer applications in the Indian market as well as for DEUTZ's requirement. The engines would be produced at the manufacturing facility of TAFE Motors at Alwar, Rajasthan. The manufacturing facility currently produces diesel engines and gensets in the 5 to 125 kVA range that are marketed as Eicher Engines and TMTL Engines.
Bihar poised to become growth engine of East: Minister Nitish Mishra
Bihar aims to attract capital in various sectors, becoming East India's growth engine with new policies in 2 months. Aligning with Prime Minister Modi's vision, State Minister Nitish Mishra seeks to promote industry and employment, highlighting Bihar's development potential at a Kolkata event with over 50 companies. The state plans to introduce sectoral policies to draw investments and dispel misconceptions, aiming to position itself as a hub for tourism and industry, offering incentives for investors to tap into its market and create livelihoods.
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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.
DEE Development Engineers stock debuts with 67% premium over IPO price
DEE Development Engineers, specializing in process piping solutions, listed with a 67% premium. The company, with over three decades of manufacturing experience, offers a range of high-quality piping products and is supported by prominent book running lead managers SBI Capital Markets and Equirus Capital.
Government focus on agriculture, rural income to sustain tractor demand: Swaraj Engines
The government's agricultural focus in India, along with initiatives to boost rural incomes, is expected to sustain tractor demand despite a 7 per cent industry sales decline reported by Swaraj Engines Ltd. The company's annual report highlights opportunities in the horticultural segment and factors like increased affordability, demand for farm mechanisation, and government efforts to improve agriculture. Swaraj Engines foresees its engine business aligning with the industry's growth trajectory.
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
DEE Development Engineers IPO sails through on Day 1 on robust retail, NII demand
The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.
Dee Development Engineers IPO opens for subscription: Should you bid?
Analysts advised investors to subscribe to Dee Development Engineers IPO as the company emerged as the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential. SBI Capital Markets and Equirus Capital are the book-running lead managers to the issue.
Dispute with Raymach Tech settled: SpiceJet to NCLT
SpiceJet Ltd settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues at the National Company Law Tribunal.
GlobalLogic sees increased business from India-based GCCs
GlobalLogic has seen a significant increase in its India business due to the growing number of global capability centres (GCCs) in the country, according to the company's top executives.
Staying with good business & strong management: 5 largecap stocks from different sectors with upside potential of up to 37%
After a phase of calm, volatility is back on the street. Somehow word volatility got associated with bearish trend, while it might appear strange to some, the fact is that even volatility has a bias and that can be toward bulls also. That is the reason why in this volatile phase, Nifty made a new high. So, rather than fearing a word it is better to understand it. Similarly when it comes to investing, it is important to understand that while events can impact the price in the short term. In the long term, things which matter is the underlying business, strength and quality of the balance sheet, ability and experience of the management. Whether it is pre-election or post election, always have a look at the above three when investing your hard earned money.
IFB Industries Q4 Results: Profit at Rs 12 crore
IFB Industries Ltd has reported a consolidated net profit of Rs 12 crore for the fourth quarter ended March 31, 2024, helped by performance from engineering business and home appliances. The company had posted a net loss of Rs 9.94 crore for the year-ago period, according to a regulatory filing on Tuesday.
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.
Is AI taking away your job? Here is how you can use AI to get more jobs. Know in detail
While AI is changing the workplace dynamics and the nature of jobs, there is a far more immediate concern for the workforce. A report by Microsoft and LinkedIn reveals some interesting facts.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
NIIT Q4 Results: Firm reports profit of Rs 11.16 crore vs YoY loss
Skill and talent development company NIIT on Friday reported a consolidated net profit (attributable to owners of the parent company) of Rs 11.16 crore for the quarter ended March 31, 2024. The company had posted a loss of Rs 9.36 crore in the year-ago period, according to a regulatory filing.
Alphabet CEO Sundar Pichai says secret to cracking Google interview lies in this 2009 Bollywood blockbuster!
During a podcast hosted by YouTuber Varun Mayya, Pichai was questioned about his awareness of the a tutoring industry dedicated to assisting individuals in impressing recruiters at FAANG companies. He was also asked if he was open to sharing insights on cracking challenging interviews.
Google seeks non-jury trial in US ad tech lawsuit
Alphabet's Google is seeking a non-jury trial in the U.S. Justice Department's antitrust lawsuit over online advertising practices. It argued against the department's request for a jury trial due to the technical nature of the case. The lawsuit, filed in January 2023, accuses Google of abusing its dominance in digital advertising. Google's ad network is crucial to its revenue.
Larsen & Toubro bags multiple orders for buildings, factories business
Larsen & Toubro's buildings and factories business secures a project from Institute of Neurosciences Kolkata to build a medical college and hospital campus in Kolkata. The project, spanning 60 months, includes a 605-bed hospital and a medical college with civil structure and external development works.
Focussed ‘underlying business’ approach of long-term investing: 5 non-Nifty largecap stocks with upside potential of up to 39%
Whether one accepts it or not, when someone uses the word large cap, first names which would come to mind would be nifty stocks. Because somehow the word large cap has become synonymous with nifty stocks. But the fact is that the world of large caps is much bigger and there are stocks which have been able to show strong out performance in troubled times of volatility, we take a look at them. When it comes to long term investing in the same industry, some players are able to show better performance in terms of growth. This could be because of belonging to a strong group, because the management had set the business in a way that it is able to take headwinds or the market size is so large that growth is bound to make and it comes with better margins to efficient players. We take a look at 5 stocks where the underlying business is strong and good to own business for the long term.
Honeywell Automation India appoints Atul Pai as managing director
Honeywell Automation India Ltd (HAIL) appointed Atul Pai as its new managing director, effective May 16. Pai, who has over two decades of experience at Honeywell, succeeds Ashish Gaikwad, who will lead industrial automation for Honeywell International in India. HAIL’s Chairman Ganesh Natarajan and Ashish Modi, Honeywell India’s president, expressed confidence in Pai’s leadership and business acumen. Established in 1984, HAIL provides automation and control engineering services and has a significant presence across India.
Making Adjustments to Deal with West Asian Crisis, Says L&T CFO
Larsen & Toubro (L&T), a leading engineering firm, saw its stock price drop to a two-month low of Rs 3,290, declining by 6% on the Bombay Stock Exchange (BSE) on Thursday following a reduction in its margin forecast. But L&T remains optimistic about its engineering, procurement, and construction (EPC) sector, as well as its ventures in green energy.
Wipro Infra Engineering’s hydraulics business acquires Canadian firm
Wipro Hydraulics acquires Mailhot Industries, expanding into new markets and strengthening its global presence. The acquisition enhances capabilities in various segments and positions the company for better customer service and leadership in the industry.
Volumes and better demand should drive growth in textiles: Punit Lalbhai, Arvind & Anup Engg
So, both volumes and better demand should drive growth in textiles. And AMD is a very strong segment and has been historically also strong, so that journey of strength will continue in AMD and we should be able to grow at that 20% mark or slightly better.
Voltas Q4 Results: Net down 22% YoY at Rs 110.64 crore
Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses.
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