ENGINEERING DIVISION
Exporters seek separate division for non-trade issues, faster customs clearance
Exporters requested the establishment of a distinct division within the Commerce and Industry Ministry to address non-trade barriers, particularly those related to environment and sustainability. During their discussion with Union Minister Piyush Goyal, they also highlighted concerns about Chinese goods entering India via the ASEAN free trade agreement.
L&T hit by 'severe' skilled manpower shortage: 45,000 engineers & techies needed
Larsen & Toubro (L&T) faces a severe shortage of skilled labor, with a deficit of 25,000 workers in engineering and construction, and 20,000 in IT and IT services, per its Chairman S N Subrahmanyan. This shortfall, due to various factors including high attrition and migration, is affecting project execution.
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.
New-age job roles: How India can engineer a future beyond software
With nearly 1,600 international corporations operating captive units, 1.7 million highly educated professionals are employed. It might theoretically increase its pool of relevant talent if it made a concerted effort to improve both the number and calibre of the more than 2.5 million Ph.D.s and graduates in science, technology, engineering, and medicine that India produces each year.
India Inc makes a play for equality: L&T and Amazon lead the way with all-women teams in engineering and delivery
Engineering giant L&T has established an all-women team at Tata Steel's mining site in Odisha, handling large machinery repairs, inspired by a successful pilot. Amazon, which initiated all-women virtual customer service in 2020, now operates nine all-women delivery stations in various locations. Companies like Shell, KFC, and Dr. Reddy's are also creating all-women teams in various sectors, boosting productivity, reducing attrition, and attracting female talent. These initiatives aim to address the gender gap and promote inclusive practices across industries.
Bankruptcy court approves resolution plan for Era Infra Engineering
The successful bidder has proposed to pay around Rs 525 crore, where the admitted liabilities of the company is about Rs 22, 200 crore. Before the tribunal’s nod, the company’s lender had approved the plan with 87.08% voting in favour.
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Coding to cricket: Saurabh Netravalkar aces all pitches
Newest USA cricket star Saurabh Netravalkar is also a software engineer who has developed his own cricket app, Ukulele player, and singer. He showcased his composure during a thrilling Super Over victory against Pakistan. His calm demeanor and strategic bowling secured an unforgettable win. Saurabh's journey from academic pursuits in the US to cricket success highlights his resilience and dedication to excellence.
Controversy erupts after Omar Abdullah shares news article on Engineer Rashid's win
National Conference vice president Omar Abdullah posted a news article on social media suggesting Engineer Rashid's win in the Baramulla Lok Sabha seat will empower "secessionists". The controversy arose after a private television news agency attributed the excerpts of the article shared by the NC leader to him. The National Conference (NC) leader conceded defeat and congratulated Rashid on his win.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
eInfochips joins TSMC Design Center Alliance to accelerate semiconductor innovation
The TSMC DCA program focuses on chip-implementation services and system-level design solutions to help lower design barriers for customers adopting TSMC technology.
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.
Delhi HC upholds order asking SpiceJet to return two leased aircraft, three engines
While dismissing as withdrawn the airline’s appeal, a bench led by Justice Rajiv Shakhder granted the low cost carrier three weeks time till June 17 to return the aircraft and engines along with technical records. The single judge had asked SpiceJet to return the engines by May 28.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
While it is always better to focus on what is happening to the individual stocks, there times it becomes “a must” before taking any decision. The reason, there is a possibility of greater divergence in how the broader market indices like Nifty and Sensex move and how the individual stocks and sector perform. A week before the election results, the way the market is panning out, it is clear that the street is working with the base case scenario of policy continuity. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
HCLTech to buy Hewlett Packard’s communications tech assets for $225 million
As part of this agreement, HCLTech will also absorb around 1,500 employees and 700 contractors with experience of engineering services for telecom industry in countries including Spain, Italy, India, Japan, China, Americas and APAC region, HCLTech said in a regulatory filing on Thursday.
Rajasthan authorities cancel leaves of doctors, paramedics as temperature soar
Owing to the soaring the soaring temperatures in the country and more so in the state, Rajasthan health authorities cancelled the leaves of doctors. IMD has predicted heatwave for the coming few days. Following that, instructions have also been given to reserve beds for heat stroke patients in all medical institutions, to ensure the availability of necessary medicines and testing facilities.
Focus on both, the sector & stock and then stay with them: 4 smallcap stocks for medium- to long-term perspective
Knowing risks and managing those risks are two different things. Knowing risk is easy, everyone knows that small cap stocks are probably the riskiest part of the stock market. but managing the risk is more complicated than it appears. Why are we bringing this up at this point of time ? Because the risk on trade which has been in place in the Indian equity market , got a significant boost when state elections results indicated higher probability of the present central government coming back to power.
Staying bullish and hedging go hand in hand: 5 mid cap stocks from different sectors with potential upside of up to 39%
At this point of time when the street is juggling with its own fear and anxiety and waiting for the election results, the mid-caps segment of the market is witnessing some profit booking/ rational shifting/ consolidation. A part of that is happening because of the fact that the street is reacting and adjusting to Q4 numbers. The way stocks are moving, there is no one trend in mid-cap space. So there are many sub segments which are getting formed in mid-cap space and given the mix of head and tailwinds, this segmentation is likely to stay till election results. So, one will have to do two things, one be bullish but be more selective and focus on managing risks and hedge for short term and think from long term perspective.
Sony and Siemens to launch industrial VR headset in December 2024
Unlike the current products available in the market, like Apple Vision Pro or Meta’s Quest Pro, the head-mounted display, developed by Sony and Siemens will focus on the industry product engineering and design.
What we know about the crashed helicopter carrying Iran's president
A Bell 212 model helicopter, developed by Bell Helicopter for Canadian military, crashed in Iran, killing top officials. The aircraft, known for its versatility, is used globally for various purposes. Non-military organizations like Japan's Coast Guard operate it. Iran, a major buyer of Bell and Agusta helicopters, has a history of aviation competence.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 40%
After the recent phase of the volatility, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth as more number of stocks were able to inch upward. But this is not enough to say the volatile phase is over. At this point of time, one cannot rule out more profit booking ahead of election results. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned and keep a long term perspective. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Pakistan conducts successful training launch of 'Fatah-II' rocket system
Pakistan has successfully conducted a training launch of the guided multi-launch rocket system 'Fatah-II', with a range of up to 400 kilometers, enhancing its precision and ability to engage targets. The launch aimed to refine launch drills and procedures. Equipped with advanced navigation and maneuverability features, Fatah-II can effectively counter missile defense systems. It is being inducted into Pakistan's Artillery Divisions to upgrade the army's conventional arsenal. The successful test was praised by President Asif Ali Zardari, Prime Minister Shehbaz Sharif, and senior army officers.
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.
NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
NTPC achieves 20% torrefied biomass co-firing at Tanda thermal plant, marking a milestone in India's power sector. Torrefied biomass, akin to coal, enables higher co-firing percentages without major modifications. NTPC aims for decarbonization, exploring biomass co-firing in existing and new coal power plants to reduce emissions and mitigate air pollution.
GenZ Indian-American running for Georgia State Senate raises over USD 280K
Ramaswami, 24, has outraised his incumbent opponent Shawn Still by 22 times in the latest filing period from Feb 1 to April 30. While Ramaswami raised over USD 146,000, his opponent raised only USD 6,400. The two are running for the State Senate in the District 48 of Georgia.
ISRO developing semi-cryogenic engine working on liquid oxygen kerosene
ISRO develops a 2,000 kN semi-cryogenic engine using LOX Kerosene propellant at IPRC, Mahendragiri. LPSC leads with ISRO support, achieving pre-burner ignition test at SIET and PRLD. Triethyle Alumnide is used for ignition.
LTTS wins $48 million deal with European auto parts supplier Forvia
As part of this five-year partnership, approximately 300 engineers from Forvia’s Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS
Godrej family seals terms of division; Nyrika Holkar, Pirojsha Godrej emerge key next generation leaders
As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.
Escorts Kubota to increase tractor prices from May 1
Escorts Kubota plans to increase tractor prices starting May 1, 2024, across various models, variants, and regions. The company's shares are currently trading 2.11% higher on the BSE. Last month, total tractor sales were 8,587, with domestic sales down 16.1%.
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