Don’t miss the latest developments in business and finance.

Engineering

Meta seeks engineering director in India to lead Bengaluru operations

The engineering director is expected to influence technical decision-making, drive prioritisation and execution, and manage outstanding engineers and engineering managers, as per the job description

Updated On: 23 Feb 2025 | 10:48 PM IST

Parents fume at FIITJEE , throng closed centres in Noida, Ghaziabad

The abrupt closure of FIITJEE centres in Noida and Ghaziabad sent parents fuming, and to the firm's institute in Noida's Sector 62, where they denounced the company through slogans and demanded the government's intervention getting it punished. The founder of FIITJEE and 11 other people were booked after several of its centres in Delhi-NCR abruptly shut down, the Noida Police said on Saturday. FIITJEE founder DK Goyal, Chief Financial Officer Rajiv Babbar, Chief Operating Officer Manish Anand and its Greater Noida branch head Ramesh Batlesh have been named in the FIR, a Noida Police spokesperson said. Mrinal, the father of an 11-year-old class 11 student, said, "I have deposited more than Rs 3 lakh in fees for my daughter who took admission for the March session. I submitted the entire fee, but suddenly I got this news of the closing of the centre." He said the closure shook him, a private tutor, from inside. "I demand strict action should be taken and a refund of the amount of ..

Updated On: 26 Jan 2025 | 7:19 AM IST

Top 7 capital goods, engineering companies bagged Rs 1 trn orders in Q3

Data on brokerage estimated new order wins for top-7 capital goods and engineering firms (excluding Hindustan Aeronautics) combined was upwards of Rs 1 trillion

Updated On: 14 Jan 2025 | 10:04 PM IST

Play to Potential book offers fresh ideas for midlife career pivots

If you're in your 40s or 50s and wondering if this is all life has to offer, pick up Play to Potential-it's bound to give you fresh ideas to reinvent and reinvigorate your life

Updated On: 02 Jan 2025 | 10:25 PM IST

Fire, engineering insurance premiums likely to move up by 60% in 2025

In 2024, the country was rocked by multiple natural catastrophes causing major losses to insurers and reinsurers, particularly in Gujarat and Nagpur thus affecting the 'free pricing' of insurance

Updated On: 31 Dec 2024 | 1:28 AM IST

CBSE inspects 29 schools for 'dummy' students, plans legal action

The Central Board of Secondary Education (CBSE) conducted a series of surprise inspections at 29 schools in Delhi, Bengaluru, Varanasi, Bihar, Gujarat and Chhattisgarh to check enrolment of 'dummy' students, officials said on Thursday. According to CBSE Secretary Himanshu Gupta, a total of 29 teams, comprising a CBSE officer and a principal from an affiliated school, conducted the inspections. "Majority of the inspected schools were found to have violated the Board's Affiliation Bye-Laws by enrolling students beyond their actual attendance records, effectively creating 'non-attending' enrolments. Additionally, schools were found to be flouting infrastructural norms of the board," Gupta said. "CBSE has taken these violations seriously and is in the process of issuing show-cause notices to the schools found in breach of regulations. The Board is also considering legal action against the defaulting institutions," he added. The inspections were conducted on Wednesday and ...

Updated On: 19 Dec 2024 | 7:06 PM IST

#MenToo trends as netizens seek justice for Atul Subhash. What is #MenToo?

A 34-year-old Uttar Pradesh man committed suicide and left a 24-page death note alleging harassment by his wife, Nikita Singhania, and her relatives. Netizens express outrage, trend #MenToo on X

Updated On: 11 Dec 2024 | 11:01 PM IST

IIM Calcutta's MBA programme secures 100% placements in summer internships

The average monthly stipend stood at Rs 1.89 lakh, while the median was Rs 2 lakh per month, which IIM Calcutta said was a new institute record

Updated On: 01 Nov 2024 | 4:44 PM IST

UPSC delays ESE-2025 after change in railways officers recruitment scheme

The UPSC on Friday postponed the Engineering Services Examination-2025 to give sufficient time to the aspirants for preparation, following a change in scheme for the recruitment of Indian Railway Management Service officers, according to an official statement. The decision came after the government decided that the recruitment to the IRMS would be made through both the Civil Services Examinations and the ESE. In order to give sufficient time to the aspirants of ESE-2025 to prepare for the examination, the Commission has decided to postpone the ESE (Preliminary) and ESE (Main) Exam, 2025, said the statement issued by the Union Public Service Commission (UPSC). "The ESE (Preliminary) 2025 and ESE (Main) 2025 will now be held on 8th June 2025 and 10th August 2025, respectively," it added. As per the UPSC's annual programme of examination, 2025, the notification for the ESE-2025 was issued on September 18, 2024, with the last date of receipt of applications being October 8, 2024. The

Updated On: 19 Oct 2024 | 8:27 AM IST

EQT-backed Indium acquires majority stake in engineering firm Experion

This acquisition will expand Indium's geographic footprint and increase its headcount to approximately 5,000 employees

Updated On: 16 Oct 2024 | 6:44 PM IST

Salaries in India to rise 9.5% in 2025, led by engineering, mfg hikes: Aon

Attrition rate in 2024 fell to 16.9 per cent from 18.7 per cent in 2023 and 21.4 per cent in 2022

Updated On: 03 Oct 2024 | 1:16 PM IST

Garuda Construction and Engineering's Rs 264 crore IPO to open on Oct 8

Garuda Construction and Engineering Ltd on Thursday said it has fixed a price band of Rs 92-95 per share for its Rs 264-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on October 8 and conclude on October 10, the Mumbai-based company announced. The IPO is a mix of fresh issue of 1.83 crore equity shares and an Offer For Sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 100 crore will be utilised for working capital requirements; and balance towards general corporate purposes including unidentified inorganic acquisitions. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 157 equity shares and in multiples of 157 equity shares thereafter

Updated On: 03 Oct 2024 | 12:54 PM IST

Engine maker GE Aerospace plans increasing sourcing components from India

Engine maker GE Aerospace plans to increase sourcing of components from India, which is a growing aviation market, a senior company official has said. The company has a manufacturing facility in Pune and the John F Welch Technology Centre in Bengaluru. Currently, it has 13 major suppliers, including Tata Advanced Systems Ltd (TASL). Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace, said India's contribution to the supply chain will increase. "We have got some very capable companies in India with the right engineering talent, the right production footprint and as long as they can meet the technical standards that we are looking for, it is only upside and it is going to grow. "India is a market that is going to grow and that makes sense for us to continue sourcing more from India," Nair told PTI during a recent interview in the national capital. Vikram Rai, South Asia Chief Executive Officer of GE Aerospace, said the company's sourcing has gone up by 20 ti

Updated On: 30 Sep 2024 | 12:37 AM IST

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

Updated On: 12 Sep 2024 | 12:57 PM IST

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

Updated On: 03 Sep 2024 | 3:51 PM IST

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Updated On: 03 Sep 2024 | 10:40 AM IST

HCLTech extends partnership with Xerox in AI and digital engineering

Xerox and HCLTech started their partnership in 2009 with a focus on product engineering and IT and process support services

Updated On: 26 Aug 2024 | 8:51 PM IST

Prospects healthy for Bharat Forge, but stock fully valued too

Bharat Forge's Q1FY25 revenue growth was driven by defence as other segments saw weak demand. Overseas subsidiaries are showing gradual improvement

Updated On: 09 Aug 2024 | 10:35 PM IST

Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics

Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose the transaction value. The entity has been acquired to strengthen presence in the North American market, Wipro Infrastructure Engineering said in a statement. Wipro Infrastructure Engineering said it has acquired 100 stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business Wipro Hydraulics. Post acquisition, Columbus Hydraulics will become a wholly-owned subsidiary of Wipro Infrastructure Engineering. Pratik Kumar, CEO, Wipro Infrastructure Engineering, and Managing Director, Wipro Enterprises, said, "This acquisition strengthens our position and enhances our manufacturing capabilities in North America. By integrating Columbus Hydraulics' expertise in customized hydraulic solutions, we aim to provide even more comprehensive offerings to our

Updated On: 08 Aug 2024 | 5:18 PM IST

BHEL Q1 results: Net loss widens to Rs 211.4 crore on higher expenses

State-owned BHEL on Wednesday reported the widening of its consolidated net loss to Rs 211.40 crore for the June quarter, on account of higher expenses. It had clocked Rs 204.70 crore loss for the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 5,581.78 crore from Rs 5,117.20 crore in the year-ago quarter. Expenses stood at Rs 5,874.98 crore as against Rs 5,409.47 crore a year ago. Bharat Heavy Electricals Ltd (BHEL) is one of the largest engineering and manufacturing companies in India.

Updated On: 31 Jul 2024 | 3:30 PM IST