ENGINEER
Bengaluru techie loses Rs 11.8 crore after falling victim to "digital arrest" scam
A Bengaluru software engineer transferred Rs 11.8 crore during a 'digital arrest' scam lasting from November 25 to December 12, 2024. Fraudsters, pretending to be police officers, claimed his Aadhaar card was misused for money laundering, leading him to transfer the money for supposed verification purposes.
Karnataka govt approves 9 industrial projects worth Rs 9,823 crore
Karnataka government has approved nine industrial projects worth Rs 9,823.31 crore, expected to create 5,605 jobs. These include new investments by DN Solutions India, Silectric Semiconductor Manufacturing, and Sansera Engineering. Chief Minister Siddaramaiah announced the first semiconductor project in the state. He warned investors to operationalise units within timelines or face penalties and explored profit-sharing between sugar mills and farmers.
Zoho arm to set up Karnataka's first semicon unit in Mysuru
Silectric Semiconductor would set up its manufacturing unit at an investment of Rs 3,426 crore project at Kochanahalli, adding about 460 jobs.
RRB JE answer key 2024 released: Objection window open until December 28 for candidates to raise concerns
The RRB has released the JE, DMS, and CMA post answer key for the CBT-I, conducted from December 16 to 18, 2024. Candidates can view their question papers and responses from December 23 to 28, 2024. Objections can be raised with a fee of Rs. 50 per question.
Chip startup Mindgrove Technologies secures $8 million in funding
The round was co-led by Rocketship.vc and Speciale Invest, with participation from Mela Ventures and existing investors like Peak XV Partners, Nishchay Goel and Whiteboard Capital along with new participation from Anshul Goel.
Ashoka Buildcon shares in focus after co plans Rs 9000 cr investment in Bihar
Ashoka Buildcon signed an agreement with the Bihar government. The company will invest Rs 9,000 crore. This investment will create a green hydrogen plant. The plant will include a 1,250 MW solar project. The project's first phase will be in Begusarai. The first phase will take 1.5 to 2 years to complete.
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"India will become growth engine of the world": PM Modi in Kuwait
Addressing the Indian diaspora in Kuwait, Prime Minister Modi proclaimed India as the future hub of global development and growth engine. He highlighted India's advancements in technology, infrastructure, and sustainability, emphasizing its potential in fintech, startups, and skill development, fostering stronger ties with Kuwait.
Ola founder Bhavish Aggarwal inducted as INAE fellow
Aggarwal was conferred the title of fellow at the annual convention of the Indian National Academy of Engineering (INAE) held at IIT-Delhi. The INAE unites experts from various interdisciplinary engineering fields to foster the progress of engineering and technology, and their application in addressing issues of national significance.
Google proposes fix to solve search monopoly
In Google's proposal to fix the search monopoly, it asked Mehta to allow it to continue to pay other companies for its search engine to get prime placement. But it said those agreements should be less restrictive than in the past. Apple, for example, could select different search engines to come up automatically for iPhone and iPad users, said Lee-Anne Mulholland, the company's vice president of regulatory affairs, in a blog post.
Siemens sounds alarm: Capital goods stocks plunge amid capex concerns
Capital goods stocks stumbled on Friday, led by Siemens' 10% drop, after the company reported a lack of significant private capital expenditure growth in India. Despite this, analysts maintain a positive outlook for the sector, driven by government spending and a private capex cycle focused on decarbonization and energy transition.
Christmas trees act: Lessor alleges SpiceJet removed aircraft engines
Spectre Cargo Solutions, through Irish affiliates, accuses SpiceJet of removing engines from leased Boeing 737 freighters. SpiceJet claims it returned two aircraft and is working to return three more. A law firm representing Spectre's associates alleges theft due to unpaid equipment use. SpiceJet, facing financial struggles, recently settled a separate dispute with Genesis Aircraft Services.
CAT 2024: 14 get perfect scores and 13 of them are engineering students
Fourteen students achieved perfect scores on the 2024 Common Admission Test (CAT), matching last year's total. Five of the top scorers hail from Maharashtra. Nearly 300,000 students took the exam, with women comprising 36.5% of test-takers. The results will be used by IIMs and 86 other institutions for admissions.
BJP engineered scuffle to divert attention: Rahul Gandhi
Rahul Gandhi said BJP has been trying to distract from the issues since the session began and Congress had always said that the ruling party's thought process was "anti-constitutional and anti-Ambedkar" and that it wanted to erase Ambedkar's memory and contribution.
Buy Azad Engineering, target price Rs 2450: ICICI Securities
ICICI Securities has given a buy call for Azad Engineering Ltd., setting a target price of Rs 2450. The company recently reported strong quarterly results, with net profit reaching Rs 20.88 crore. This comes as the Indian government approves significant defense orders, benefiting companies like HAL and L&T, and creating opportunities for domestic players like Azad Engineering.
Enso Group partners with G-Energy to launch engine oils in India
Enso Group's Enso Oils & Lubricants has partnered with Gazpromneft-Lubricants to bring G-Energy engine oils to India. The launch event in Mumbai highlighted G-Energy's motorsport-proven performance and suitability for India's demanding conditions, promising enhanced engine durability and performance.
Buy Kirloskar Oil Engines, target price Rs 1,540 : Motilal Oswal Financial Services
Motilal Oswal Financial Services has given a buy call for Kirloskar Oil Engines stock with a target price of Rs 1,540. The stock is currently trading at a significant discount compared to the market leader. They anticipate growth driven by higher HP segments, exports, and the B2C segment. Promoters hold a 41.17% stake in the company.
Northeast getting transformed to become India's growth engine: Jyotiraditya Scindia
Minister Scindia commended progress in the North East. He acknowledged the Manipur situation, emphasising government efforts for a solution. Scindia highlighted substantial infrastructure growth, including highways, railways, and airports. He announced Assam's second semiconductor factory.
Cos may have to pay more for fire and engineering cover
Businesses and industrial units will see increased premiums for fire and engineering insurance starting January. Catastrophic events like floods in Vijayawada and Vadodara have led to higher claims. Reinsurers are pushing for revised pricing and stricter underwriting. Industrial All Risk policies will also adopt stricter pricing rules from January 1.
Enviro Infra shares skyrocket 33% in 2 days, soar 164% from IPO price
Enviro Infra Engineers' shares surged 33% to a record Rs 392 after a stellar IPO debut. The stock, listed in November, has delivered 164% returns from its IPO price of Rs 148. High trading volumes and a market cap exceeding Rs 6,000 crore reflect strong investor confidence. The company will announce Q2 FY25 results on December 18.
Top engineering colleges hit the fund trail to boost research, infrastructure
India's top engineering schools, including IITs and BITS Pilani, are actively fundraising from alumni, corporations and philanthropists. These institutions aim to enhance teaching, research, infrastructure, and innovation through donations and CSR funding, setting ambitious fundraising targets and establishing endowment funds.
Don't see any slowdown in public infra funding: Bentley Systems
Bentley Systems, a Nasdaq-listed infrastructure engineering software company, anticipates continued growth in India due to the country's robust infrastructure spending. The company, which supports infrastructure projects globally, sees particular potential in India's water, energy, and renewables sectors.
ISRO successfully tests CE20 cryogenic engine, paves way for Gaganyaan mission
India's space agency, ISRO, successfully conducted a sea-level hot test of its indigenously developed CE20 cryogenic engine. This engine, crucial for the LVM3 launch vehicle used in Chandrayaan missions and the upcoming Gaganyaan human spaceflight, passed a critical test with restart capabilities. The successful test involved innovative solutions for sea-level challenges and paves the way for more efficient engine testing.
ISRO demonstrates indigenous engine capability ahead of Gaganyaan mission
India's space agency, ISRO, achieved a milestone. The C20 cryogenic engine passed a major test. The test involved restarting the engine in ambient conditions. This success is vital for upcoming missions like Gaganyaan. The engine will power the upper stage of the LVM3 rocket. The test demonstrated a new cost-effective testing procedure.
HG Infra shares jump 6% after bagging Rs 763-crore road project from Transport Ministry
HG Infra Engineering secured a ?763.11 crore highway project in Uttar Pradesh from the Ministry of Road Transport and Highways. The project involves upgrading a 63.84 km stretch of National Highway 227B. Despite a recent dip in quarterly profits, the company's stock has performed well, rising 72% in 2024.
Bondada Engineering shares rise over 3% after securing Rs 109 crore solar street light project
Bondada Engineering's shares rose 3.4% after securing a Rs 108.9 crore contract from Bihar's renewable energy agency. The contract involves installing solar streetlights across Bihar within 18 months. This follows another recent order from Maharashtra State Power Generation Company. The stock has seen significant gains in the past six and twelve months.
Startups, ecomm firms rush to hire engineering graduates
Zomato, Flipkart, Ola, Meesho, Gameskraft, HiLabs, Roombr, Myntra, PhonePe, Quicksell, Indus Insights, Groww, WinZo, Cars24, Battery Smart and NoBroker are among these companies visiting campuses such as the National Institutes of Technology, Birla Institute of Technology & Science Pilani, Indian Institutes of Information Technology (IIITs) and Indian Institutes of Technology. The domains they are recruiting for include software development, data science, product analytics, artificial intelligence and machine learning.
Hinduja Tech completes acquisition of TECOSIM Group
Hinduja Tech Ltd has completed the acquisition of Germany-based engineering services provider TECOSIM Group, enhancing its global presence and competitiveness. This acquisition strengthens Hinduja Tech's vision of becoming a leader in sustainable mobility solutions, offering comprehensive automotive engineering services across Europe, Asia, and other regions through their combined expertise and innovative solutions.
Enviro Infra Engineers sees profit booking after a solid debut. What should investors do?
Enviro Infra Engineers made a strong debut on the bourses on Friday, surpassing street expectations. The stock listed with nearly a 49% premium over the issue price. However, after the listing, some profit booking led to a 5% decline in the shares.
Enviro Infra Engineers IPO: GMP, Price Band, Subscription, Key Dates, Review
Enviro Infra Engineers IPO GMP Today: Enviro Infra Engineers IPO subscribed 18 times, with strong demand from non-institutional investors. The issue includes a Rs 572 crore fresh equity sale, with funds for working capital and project expansion.
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