Page 2 - Engineering

85% of 12,000 freshers set to join SBI in FY25 are engineering grads: Khara

Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering graduates, its chairman Dinesh Khara has said. The bank is in the process of onboarding up to 12,000 freshers in the roles of probationary officers and associates in FY25, and there is no bias towards onboarding engineers in the ranks, Khara said, stressing that this is not by design. After training the over 3,000 POs and over 8,000 associates with some banking knowledge, they will be channelised into various business roles. It can be noted that this comes at a time when the banking sector is increasing its dependency on technology as it looks for newer ways of enthralling the customer, while some players are also grappling with challenges on this front. "We expose them into banking and thereafter, channelise them into various roles in business and IT, depending on their aptitude and temperament, and that is something which is helping us ensure that there is a continuo

SIAEC to develop Air India's base maintenance facilities in Bengaluru

Air India on Saturday announced it has appointed SIA Engineering Company Limited as its strategic partner for the development of its base maintenance facilities here. As part of the partnership, Air India will work closely with SIA Engineering Company Limited (SIAEC) on the planning, construction, development and operationalisation of its base maintenance facilities here, they said. In a statement, Air India said, "Projected to be ready in 2026, the facilities will comprise both wide-body and narrow-body hangars, including associated repair shops, to support the growing Maintenance, Repair and Overhaul (MRO) needs of the aircraft fleet in Air India Group." "The collaboration with SIA Engineering Company will not only help Air India become more self-reliant for the maintenance of its own fleet but it also reiterates our commitment to strengthen India's aviation infrastructure by boosting the growth of the country's MRO industry," Campbell Wilson, Chief Executive Officer and Managing

IIT Madras claims top slot in patents; count more than doubled in FY24

Premier campus achieves dream of filing 'patent a day', has some 1,100 granted to it

Engineering goods exports up 10.7% in March to $11.28 billion: EEPC

Exports have been dented by a slowdown in global demand, the ongoing Russia-Ukraine war and the Red Sea shipping crisis brought on by conflict in the Middle East, exporters said

What IT sector wants: AI push, clarity on labour laws on LS polls wishlist

There are specific hurdles that need to be addressed for the IT/ITeS sector

JEE-Main results: 56 candidates achieve 100 NTA score, IIT cut-offs soar

A record 56 candidates, including two females, achieved 100 NTA score in engineering entrance exam JEE-Main, the National Testing Agency (NTA) announced on Wednesday night. The qualifying percentile for JEE (Advanced), the entrance test for admission to the 23 Indian Institutes of Technology (IITs), touched a five-year high. While 23 candidates in the JEE (Main) January session scored 100 NTA score, 33 candidates in the April session achieved it. The 56 toppers include 40 from the general category, 10 from the OBC category and six from the gen-EWS category. No candidate from the SC and ST categories managed to get 100 NTA score this year. According to officials, the NTA score is not the same as the percentage of marks obtained. "NTA scores are normalised scores across multi-session papers and are based on the relative performance of all those who appeared for the examination in one session. The marks obtained are converted into a scale ranging from 100 to 0 for each session of ...

What makes engineering R&D space a target for mergers and acquisitions?

Infosys' acquisition of Germany-based in-tech is the 15th top deal so far

CBI FIR against second-biggest electoral bond buyer Megha Engineering

The CBI has registered an FIR against Hyderabad-based Megha Engineering and Infrastructure Ltd, which was the second-biggest buyer of electoral bonds worth Rs 966 crore, in an alleged bribery case. Eight officials of the NISP and NMDC and two officials of MECON were also named in the FIR for receiving alleged bribe of around Rs 78 lakh in clearing bills of Rs 174 crore of Megha Engineering in connection with works related to Jagdalpur integrated steel plant, officials said Saturday. Megha Engineering had emerged as the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the BJP, according to the data released by the Election Commission on March 21. The company also donated Rs 195 crore to BRS, Rs 85 crore to DMK, and Rs 37 crore to YSRCP. The TDP got about Rs 25 crore from the company, while the Congress got Rs 17 crore. The JD-S, Jana Sena Party and the JD-U got smaller sums ranging from Rs 5 crore to Rs 10 crore. According to the FIR ma

Steady Ebitda, mixed margins expected for capital goods firms in Q4

Many engineering and capital goods companies are currently executing multi-year high order books

Women hiring from campuses grew 5% in 2022-23, says HirePro report

There has been a 5 percentage points increase in campus hiring of women in 2022-23, compared to the previous year as companies in India are keen on inclusivity and diversity in the workplace, a report said on Monday. In FY23, 40 per cent of the fresh talent hired from college campuses were women, up from 35 per cent in the previous year, AI-powered recruitment automation firm HirePro said in the report. The report is based on evaluation of data during FY23, for a sample size of 5,50,000 BTech candidates across all five zones -- central, east, north, south, and west -- of the country. As per the report, a majority of women participated in campus hiring exams last fiscal for sectors such as IT, banking, financial services and insurance (BFSI) and research and development (R&D). Further analysing the data, the report said IT services top the chart in women's participation in campus hiring. The report also revealed that out of the five zones, south India had the highest women ...

L&T ramps up green hydrogen play, plans launch of electrolysers in Sept

During the first phase, L&T looks to supply electrolysers to a mix of Indian procurers and foreign markets, with a 70:30 ratio, Shah said

In suspected case of suicide, IIT-D student found hanging in hostel room

In a suspected case of suicide, an M.Tech student of the Indian Institute of Technology (IIT), Delhi was found hanging in his hostel room, police said on Friday. The matter came to light after the family of the student, Sanjay Nerkar (24), asked his hostel mates to check on him as he was not answering his phone, they said. Nerkar (24) stayed in room number 757 at Dronacharya Hostel. He was a native of Nashik, Maharashtra, a police official said. "Nerkar's family members called him on Thursday night. When he did not answer the phone, the family members asked his hostel mates to check on him," a police officer said. When the other students went to his room, they found it locked from inside. They informed the hostel guard, who broke open the door. Nerkar's body was found hanging from the ceiling of the room, the officer said. The student's family members have been informed and an investigation is underway to ascertain the cause of death, police said.

Siemens Q3 results: Net profit up 9% at Rs 505 crore, revenue rises 17%

In his outlook, Mathur said, 'Capex demand across segments, largely driven by Capex spending in Public Infrastructure, continues to be good. Private Capex is also beginning to pick up'

Fulcrum Digital plans to hire 700 professionals across tech domain in 2024

Fulcrum Digital, a digital engineering and business platform company, plans to hire 700 people across multiple technology domains such as artificial intelligence (AI) this year, according to its chairman Rajesh Sinha. The company has also launched Ryze, a generative AI platform, which aims to simplify operations for businesses handling big databases. Positioned as a Software as a Service (SaaS) solution, Ryze aims to enable businesses to drive content generation, covering textual and visual mediums with precision and efficiency. Its integration of components including large language models, neuro readers, AI computing, and intelligent chatbots ushers a new era in AI-driven productivity and operational excellence, the company said. Sinha, Founder and Chairman of Fulcrum Digital, said, the company "aims to hire 700 employees in the calendar year 2024, across technology domains such as artificial intelligence (AI), data scientists, software developers, and more". These employees will

Interim Budget 2024-25: Infrastructure likely to get a capex thrust

Increase in outlay in line with industry expectations

L&T Q3 results: Net profit up 15.4% at Rs 2,947 cr on robust order inflows

Company expects to end FY24 at 20% growth in orders

Mukund Rao joins engineering services firm Xoriant as prez, global markets

Prior to joining Xoriant, he was the Chief Business Officer of Banking, Financial Services at LTIMindtree

TMS Ep611: Flight delays, engineering studies, markets, AI in Ayodhya

Is there a solution to flight delays in fog season? Has engineering lost its shine for students? Will HDFC Bank shares bounce back now? How will AI help surveillance in Ayodhya? All answers here

IIT Bombay: 85 students secure salary packages worth over Rs 1 crore

IIT Bombay witnesses a surge in R&D sector salaries, with average annual pay reaching Rs 36.9 lakh, while finance sector experiences a 22% dip

Exports to Australia see upward trend, owing to duty concessions under ECTA

Government officials said that there has been an uptick in exports of products, where duty concessions have been given under the trade deal