Page 6 - Engineering

This engineering student cheated Amazon of Rs 20 lakh with fake invoices

The police have seized 16 Apple iPhones, two MacBook laptops, one mobile phone, one desktop with hard disk and one air cooler. All the items were ordered from Amazon and marked for return

Niti Aayog looking at tax related issues of engineering, textile industry

Government think-tank Niti Aayog is looking at tax-related issues, including inverted duty structure in three sectors of engineering, leather, and textiles, an official said on Monday. The issues are likely to be taken up with higher authorities for their resolution to promote the growth of these sectors, the official said. Industry representatives of leather and engineering sectors said that they have shared a list of GST (Goods and Services Tax) and inverted duty structure-related issues with the Niti Aayog. "We expect the government to resolve those issues as it would help in promoting manufacturing and exports from the country," an industry official said. The leather sector has recommended the reinstatement of basic customs duty on the import of wet blue, crust and finished leathers. The exercise assumes significance as these three sectors are labour-intensive and contribute significantly to the country's merchandise exports. The leather and footwear industry employs 4.42 mi

GGEL bags Rs 21-crore iron ore supply order from an industrial group

G G Engineering Ltd (GGEL) has received an iron ore supply order worth Rs 21 crore, the company said on Sunday. The order bagged from an industrial group will be completed within next 30-45 days, GGEL said in a statement. "GGEL has received order valued Rs 210 million for supplying iron raw material to prominent industrial houses, and is anticipating additional orders as well for Q3 of the current financial year," it said without sharing any further details. In a separate statement, the company said its board has approved a rights issue for 49 crore shares of face value of Re 1 each at a price of Rs 1 per rights equity share to the eligible applicants. A rights issue or rights offer is a subscription that allows its existing shareholders to buy additional shares at a discounted price, it said. "The company invites existing shareholders to purchase additional new shares at a discounted rate. It is an opportunity for shareholders to increase their exposure to the stock at a discount

AP EAMCET/EAPCET counselling 2023 registration begins, link to apply

The online registration process for the AP EAMCET/EAPCET Counselling 2023 has begun on eapcet-sche.aptonline.in/EAPCET

IPA inks MoU with Centre to work in area of water conservation, others

Indian Plumbing Association (IPA) will work with the government to sensitise public against water wastage, promote adoption of water saving gadgets and reclamation of used water under an agreement. In a statement on Monday, the industry body said it has signed a memorandum of understanding (MoU) with National Water Mission (NWM), Ministry of Jal Shakti to work on various parameters to minimize water wastage , and its re-usage in India. NWM is one of the eight missions of the government launched under the National Action Plan on Climate Change (NAPCC) for combating the threats of global warming, IPA said. Some of the objectives of the pact are "to impart and promote public education, awareness and outreach programmes and water stewardship. The focus will be on the circular economy of water including grey water use (5Rs: reduce,recycle,reuse,replenish and respect) in the built environment." Also to share knowledge-based information on water conservation and water use efficiency, ...

BHEL rallies 12% to hit 52-week high post extension of GT deal with GE Tech

So far this calendar year 2023 (CY23), shares of BHEL soared over 17 per cent, as against 7 per cent rise in the S&P BSE Sensex

K'taka CET results out: 203,381 students eligible for engineering courses

The Karnataka Examinations Authority (KEA) released the result for the Common Entrance Test (KCET) 2023 on Thursday with 2,03,381 students securing eligibility for Engineering and Technology courses

EEPC to focus on WANA region for enhancing engineering goods exports

Engineering Exports Promotion Council on Wednesday said it would focus on the West Asian and North African countries for enhancing exports to the WANA region. The EEPC, in a statement, said there is ample scope for increasing bilateral trade with the WANA countries, especially for engineering exports. The council is also holding an exhibition 'INDEE' at Jordan, which is India's fourth largest trading partner in the region. In 2022, India's engineering exports to Jordan stood at USD 136.4 million, which was 33 per cent higher than the target of USD 109 million for the period. Jordan is strategically located in the western Asian region, the statement said, quoting EEPC chairman Arun Kumar Garodia. He said India and Jordan share vibrant social, economic and business ties with expanding trade and investment flows between the two countries. According to him, Jordan has a free trade agreement with the US for which most products exported from the former to the latter attract zero custom

AIIMS to allow contractors from PSUs to participate in tender process

The AIIMS has issued a memorandum allowing contractors empanelled with MES, railways and other central PSUs to participate in the tendering process for increasing transparency and competition in their engineering contracts. To increase confidence amongst prospective bidders, the engineering contracting system will also be modified. One team of engineers will prepare the estimates and finalise the tender while the other team will monitor the execution of the contract and make payment to the contractors in a timely manner, the memorandum issued on April 27 stated. This will ensure dual checks and double vigilance in the system, it said. The All India Institute of Medical Sciences (AIIMS), in its memorandum, said that in a bid to increase competition, contractors registered with Military Engineer Services (MES), railways and other central PSUs will be allowed to participate in the tenders apart from the contractors registered with Central Public Works Department (CPWD). User ...

Campuses turn to core engineering, manufacturing amid IT hiring slump

Inviting more firms for placements, tap into stronger, better-performing sectors

CARS24 launches engineering research & development centre in Bengaluru

CARS24, an e-commerce platform for pre-owned vehicles, on Friday launched its first engineering research and development centre here. The centre will focus on developing cutting-edge solutions for used vehicle inspection, refurbishment, and reconditioning, it said in a statement, adding that it will employ engineers and specialists from across the country. The AI-powered algorithms used by the centre will ensure accurate vehicle valuation, the company said. "In addition to developing advanced technological solutions for vehicle inspection and valuation, the centre will analyse data on pre-owned vehicle sales and market trends, providing statistical models and machine learning algorithms that will predict future demand for certain types of vehicles, identify growth opportunities, and optimise pricing strategies", the statement added.

Shrachi group engineering firm order book position at Rs 1,800 cr: official

The order book position of BTL EPC Ltd, the engineering arm of city-based Shrachi Group, stands at Rs 1800 crore, an official said. The engineering entity recently bagged an order from BHEL for setting up an ash handling system for a supercritical thermal power plant in Telangana which is valued at Rs 446 crore. Managing Director of BTL EPC Ravi Todi said, "The order book position of the company now stands at Rs 1800 crore after bagging an order of around Rs 446 crore from BHEL for a power plant in Telangana." He said that in 2021-22, the company clocked a revenue of Rs 330 crore, and for the current fiscal year it is expected to register healthy growth. "Going by the current trends, we are expecting a clock a turnover of Rs 450 crore", Todi said. He said the company had also completed the EPC contract for a fertiliser plant at Sindri and Barauni valued at Rs 157 crore, and a baggage handling plant for KRIBHCO. Besides, the company is executing projects for the Bengal Maitree sup

Engineering analytics start-up Hatica raises $3.7 mn in seed funding

Firm's development solutions integrate and communicate with tools used by software developers

Student suicides: Cong MLA questions govt, seeks action against institutes

Former minister and senior Congress MLA from Rajasthan's Sangod, Bharat Singh Kundanpur has written a letter to the Kota district collector regarding the suicide of students

IIT Madras generates power from sea waves, aims to go commercial by 2024

Innovation may help India achieve climate change-related goal of generating 500 Gw of renewable energy by 2030

Invest Rajasthan Summit proposals in implementation stage, says minister

The summit had drawn interest from local businesses, in addition to a number of those from India and outside

Uniparts India IPO: Here's why analysts recommend subscribing to the issue

Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products

AEEE 2023 registration to start online on Friday; here's how to apply

The AEEE 2023 examination will be conducted in CBT (Computer Based Test) mode across 140 cities in the country

Twitter fires majority of employees in India as part of global layoffs

The lay-offs in India were across segments such as policy, communication, engineering and development, said sources in the know

Chennai, SRM College set to host Elon Musk's chosen man Sriram Krishnan

Krishnan, who is also a former Twitter employee, is expected to guide Musk in his ambitious plan to monetise the social media giant