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Business Standard

Salesforce keen on expanding in India, to invest more in Hyderabad, B'luru

Customer relationship management-focused entity Salesforce is keen on expanding in India and looking for more space in the country, a top official said on Wednesday. The company, which has centres in Bengaluru and Hyderabad to support global operations, is looking for space to expand in India currently, its chief operating officer Brian Millham told PTI here. Apart from this, Salesforce also serves the domestic market and this business has been the fastest-growing one in any country for two consecutive years. "India has been incredible for us from a growth perspective. But maybe that even pales in comparison to what we see in India from an employee perspective," he said, making it clear that the support rendered to the global operations is important. The company will continue to invest in India going forward as well, Milham said, adding, "In fact, (we are) looking for new space and expansion in that market." When asked about the same, its chief of engineering Srini Tallapragada ..

The Economic Times

Pritika Engineering buys 87,000 sq ft land to expand production capacity

Pritika Engineering Components Ltd has acquired 87,000 square feet of land in Hoshiarpur, Punjab to expand its production capacity. The company plans to invest Rs 49.50 crore in this expansion, funded through a planned fundraise. PECL is also exploring opportunities in the railways and defence sectors for additional revenue streams.

Business Standard

B L Kashyap gets construction order worth Rs 221 crore

The civil engineering company announced that it has secured new order aggregating to Rs 221 crore from SSS Realty & Co for construction work in Bangalore.

Business Line

Stock Market Live Updates: Stock to buy today: Triveni Engineering & Industries (₹480.35)

Sensex, Nifty, Share Prices LIVE: The stock of Triveni Engineering & Industries broke out of a resistance at ₹480 early this week. But after marking a record high of ₹518.10 on Monday, the price started to soften. However, the decline over the past couple of sessions appears to be just a corrective move.

Business Line

Stock to buy today: Triveni Engineering & Industries (₹480.35)

Book profits at ₹540

The Economic Times

World is moving into the Indian era: Salesforce CEO Marc Benioff

India not only performs engineering and support functions for the company, but large Indian customers have seen significant success on the Salesforce platform, Marc Benioff told us.

Business Standard

Bondada Green Engineering wins order of Rs 10.20 cr from Bharti Airtel

Powered by Capital Market - Live News

Business Standard

India presents opportunity, world moving into Indian era: Salesforce

Customer relationship management-focused Salesforce's chairman and chief executive Marc Benioff has said the world is moving into an "Indian era". Speaking to reporters on the sidelines of the annual "Dreamforce" event here, Benioff said the opportunities in India are "exciting" and the company has invested in the country aggressively. "You can see that the world is moving into the Indian era. There is no question that we are going to move into an incredible moment in India," he said. The city-headquartered global company which is aiming to close FY25 with a revenue of USD 38 billion has over 11,000 employees in the country. A bulk of the employee base serves the global client base, while the increasing adoption of digital technologies has made India business also grow. "We do all kinds of things in India including engineering and support but also we go to market in India," Benioff said, adding that it serves large customers like the auto major Bajaj group. He said the company has

The Economic Times

Afcons Infra and 4 others file IPO papers with regulator

Afcons Infrastructure, Quadrant Future Tek, Godavari Biorefineries, Enviro Infra Engineers, and Shivalik Engineering Industries have received approval from Sebi for their proposed IPOs. The IPOs will include a mix of fresh issues and offers for sale by promoters and investors, with significant amounts being raised across these companies.

The Economic Times

Fabtech Technologies files DRHP for initial public offering with SEBI

Fabtech Technologies, a pharmaceuticals engineering solutions provider, has filed for an IPO. The IPO will consist of a fresh issue of up to 1.20 crore equity shares, with proceeds used for working capital, acquisitions, and general corporate purposes. The issue will be divided among QIBs, non-institutional bidders, and retail investors.

The Economic Times

Shapoorji Pallonji group's firm Afcons Infrastructure, 4 others get Sebi's nod to float IPOs

Five companies, including Shapoorji Pallonji group's flagship infrastructure engineering and construction company, Afcons Infrastructure Ltd (AIL), have received Sebi's go-ahead to raise funds through initial public offerings, an update with the regulator showed on Monday.

Mint

Shapoorji Pallonji Group’s infrastructure flagship firm Afcons Infrastructure gets Sebi nod for ₹7,000 crore IPO

Afcons Infrastructure, which is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has received final approval from the SEBI to raise ₹7,000 crore via IPO.

Business Standard

Fabtech Technologies files draft papers with Sebi to raise funds via IPO

Fabtech Technologies -- a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry -- has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Mumbai-based company's proposed initial public offering (IPO) is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees, according to the draft red herring prospectus (DRHP). The company may raise up to Rs 10 crore through the pre-IPO round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the IPO to the extent of Rs 120 crore will be used for funding the working capital requirements of the company, and Rs 30 crore for pursuing inorganic growth initiatives through acquisitions, and general corporate purposes. Fabtech Technologies, part of the Fabtech Group was incorporated as Globeroute Ventures Private Ltd. The company demerg

Mint

Sugar stocks Triveni Engineering, Praj Industries and others surge up to 8.7%. What’s behind the rally?

Sugar stocks surged on September 16 after the Department of Food and Public Distribution allowed sugar mills to produce Rectified Spirit and Extra Neutral Alcohol using sugarcane juice and B-heavy molasses. Triveni Engineering led the gains, followed by other key sugar stocks.

Business Standard

Volumes jump at Triveni Engineering and Industries Ltd counter

Triveni Engineering and Industries Ltd witnessed volume of 96.73 lakh shares by 14:14 IST on NSE, a 13.55 times surge over two-week average daily volume of 7.14 lakh shares

Business Standard

HG Infra Engg stock surges 5% after subsidiary acquires new solar power cos

Shares of civil construction firm HG Infra Engineering rose as much as 5.12 per cent on BSE at Rs 1,644.15 per share on Monday's intraday trade

Mint

What an IPO signals about Ather's battle against Ola Electric

For long, Ather was known for engineering, and Ola Electric was known for scale. With its planned IPO, Ather wants to change gears.

Business Standard

Sai Silks (Kalamandir) Ltd leads gainers in 'A' group

Galaxy Surfactants Ltd, Triveni Engineering and Industries Ltd, L T Foods Ltd and Sobha Ltd Partly Paidup are among the other gainers in the BSE's 'A' group today, 16 September 2024.

Hindustan Times

OpenAI's new o1 model can solve 83% of International Mathematics Olympiad problems

OpenAI's new o1 model can be used for scientific research in physics, chemistry, and engineering, where rigorous reasoning and complex problem-solving are prime

Business Standard

Our focus is on being a future ready company, says Rites CMD Mithal

RITES Ltd, an infrastructure, consultancy and engineering firm under the Railway Ministry, has focussed on being a future ready firm with several initiatives centred around information technology and artificial intelligence, Rahul Mithal, the Chairman and Managing Director of the company said in a press statement. According to the statement, in the 50th Annual General Meeting (AGM) of the company held on September 12, Mithal said that over the past five decades, RITES has grown from humble beginnings to being granted the prestigious Navratna status this financial year, committed to delivering consistent results and creating value for stakeholders. With our focus on being 'Future Ready', RITES has vigorously pursued its #ITReady, #SkillReady, and #AIReady initiatives, Mithal added. During the AGM, the shareholders approved resolutions such as the adoption of Audited Financial Statements of the company, 1:1 Bonus Equity Share for shareholders and Rs 5/share as a final dividend for ...

Business Standard

Dixon arm enters into MoU with Asus for manufacturing of notebooks

Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess and customer satisfaction & we intend to leverage each other's strengths to manufacture notebook products.

The Economic Times

HG Infra Engineering shares jump 5% on receiving order worth Rs 716 crore from Central Railway

HG Infra Engineering shares rose over 5% to Rs 1,579 after securing a Rs 716 crore railway contract. The stock surged 85% YTD and 150% in two years.

Mint

TCS working with Tata Electronics to build first made-in-India chips

TCS has a sizeable play in semiconductor design, engineering and software development for semiconductor applications worldwide.

CNBC TV18

H G Infra Engineering bags ₹716-crore Central Railway project in Maharashtra

The project involves the construction of a new broad gauge line between Dhule and Nardana in Maharashtra, spanning 49.45 km. Shares of H G Infra Engineering Ltd ended at ₹1,500.80, down by ₹5, or 0.33%, on the BSE.

Business Standard

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 ...

The Economic Times

Engineering, manufacturing and BFSI occupiers to account for 40% of office demand during 2025-27

India's office space demand is diversifying with sectors like engineering, BFSI, and healthcare gaining prominence. Over the next three years, these sectors are expected to lease significant office space annually. Technology firms' demand will stabilise, while flexible workspaces expand. Major cities and tier II cities are emerging as growth centers.

The Economic Times

Renewable firms hiring talent across levels amid expansion

India's renewable energy companies, including Adani Green Energy and Tata Power Renewable Energy, are ramping up hiring to support the nation's goal of net zero emissions by 2070. They seek talent in areas like project management, data science, and solar manufacturing. Companies are also collaborating with government bodies and engineering colleges for recruitment and upskilling initiatives.

The Economic Times

Industry credit expected to grow over 12%: FICCI-IBA survey

A survey by FICCI and IBA reveals that 62% of banks expect non-food industry credit growth to exceed 12% in the next six months. The banking sector remains robust, but faces liquidity challenges as credit growth outpaces deposits. Infrastructure, metals, and engineering sectors show strong long-term credit demand.

The Economic Times

Gensol-Matrix to set up India's first green hydrogen valley project in Pune

Gensol Engineering, in collaboration with Matrix Gas & Renewables Ltd, has secured an order to establish India's first green hydrogen valley project in Pune. The plant will produce green hydrogen through electrolysis and supply it to the specialty chemical sector. This initiative is supported by the Department of Science & Technology and facilitated by National Chemicals Laboratories.

Business Standard

Gensol Engg to set up India's first green hydrogen plant in JV; stock up 3%

Gensol Engineering share price gained up to 2.87 per cent at Rs 935 per share on the BSE in Wednesday's intraday deals

Business Standard

Gensol Engg rises on collaboration with Matrix Gas & Renewables to set up green hydrogen Plant

Gensol Engineering gained 2.18% to Rs 927.05 after the company and Matrix Gas & Renewables has secured the project to setup green hydrogen production plant in Pune on build own and operate (BOO) basis.

CNBC TV18

Gensol Engineering to set up India's first Green Hydrogen valley in Pune

The companies were selected through a competitive tender as the best bidder on both technical and commercial grounds.

Business Standard

Ramco Systems releases Aviation Software version 6.0

Ramco Systems announced the release of version 6.0 of its Aviation Software - a revolutionary product release designed to transform M&E and MRO operations with AI-driven insights, advanced automation, and seamless integration. An integrated solution with modules for Contracts, Engineering, Planning, Maintenance, Supply Chain Management, Finance, ePUBS and advanced mobility capabilities, Ramco Aviation Software 6.0 is built to handle the challenges of tomorrow.The release introduces many unparalleled features that enable organizations to digitally transform their maintenance execution processes, as well as their management of flight safety, materials and commercials, with some of the key features and modules including:

Business Standard

HCLTech to show GenAI-based chatbot, other solutions at SEMICON India 2024

HCLTech on Tuesday said it will showcase its generative AI-based chatbot, along with its other engineering and AI solutions at the SEMICON India event. The three-day conference will commence on September 11, and will be inaugurated by Prime Minister Narendra Modi. "HCLTech suite of solutions on showcase will include conversational AI, HCLTech AI Force -- a generative AI solution that accelerates software development lifecycle, Digital Twins for Wafer Handler and Rack System, Spec to Parts and Spec to Platform and HCLTech Proto ATMP lab demos," HCLTech said in a statement. The IT company will showcase enterprise, digital and engineering innovations, specifically designed for the semiconductor ecosystem, it said. "We look forward to our participation in SEMICON India--especially at a time when India is poised to become a leading player in the semiconductor space. We're happy to contribute our skills, knowledge and engineering prowess gained over four decades. "Our collaborations wit

Mint

Suprajit Engineering share price jumps over 9% after Anand Rathi assigns ?Buy? rating, forecasts 24% upside

Suprajit Engineering share price has rallied more than 11% in one month and over 15% in three months. Suprajit Engineering stock is up over 35% year-to-date (YTD).

Business Line

Jash Engineering secures ₹49 crore worth of new orders

As of September 1, 2024, the consolidated order book stands at ₹946 crore, with considerable shares allocated to international markets and the USA specifically

Business Standard

Tata Electronics, ASMPT sign pact for semiconductor equipment infra

Tata Electronics has signed a pact with ASMPT Singapore for establishing semiconductor assembly equipment infrastructure and solutions for its chip packaging units in Assam and Karnataka. ASMPT will collaborate with Tata Electronics for workforce training, advancing service engineering infrastructure, automation, spare supports and boosting R&D initiatives in the area of wirebond, flip chip, advanced packaging and integrated system packaging. "In a significant step towards accelerating its readiness for its semiconductor assembly and test facilities in Vemagal, Karnataka and Jagiroad, Assam, Tata Electronics signs a Memorandum of Understanding (MOU) with ASMPT Singapore to collaborate on establishing semiconductor assembly equipment infrastructure and solutions," Tata Electronics said in a statement on Tuesday. Tata Electronics is setting up a chip assembly plant in Assam with an investment of Rs 27,000 crore which is expected to become operational next year. It also has a small ..

Business Standard

Gala Precision Engineering shares soar nearly 49% in market debut

Shares of Gala Precision Engineering Ltd ended with a premium of nearly 49 per cent against the issue price of Rs 529 on Monday. The stock made its debut at Rs 750, a jump of 41.77 per cent from the issue price on the BSE. During the day, it soared 48.85 per cent to Rs 787.45. Shares of the firm ended at Rs 787.05, up 48.78 per cent. On the NSE, it listed at Rs 721.10, surging 36.31 per cent. The stock ended at Rs 757.15, reflecting a jump of 43.12 per cent. The company's market valuation stood at Rs 997.19 crore. In terms of volume, 3.97 lakh shares of the firm were traded on the BSE and 7.89 lakh shares on the NSE during the day. The initial public offer of Gala Precision Engineering garnered 201.44 times subscriptions on the closing day of bidding on Wednesday. The initial share sale had a price band of Rs 503-529 per share. The Rs 168-crore IPO had a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an Offer For Sale (OFS) of 6.16 lakh equity

CNBC TV18

PNB Housing, GMR Airports, HG Infra, Infosys and more: Top stocks to watch out for on September 10

stocks to watch, PNB Housing Finance, GMR Airports Infrastructure, HG Infra Engineering, Infosys, Premier Energies, Dixon Technologies, IRB Infrastructure, Tata Power, Bank of Baroda and more, these are the stocks to watch for today.

CNBC TV18

HG Infra Engineering lands ₹781-crore contract to upgrade NH 47 in Gujarat

Rajasthan-based HG Infra Engineering provides infrastructure construction services. Shares of HG Infra Engineering Ltd ended at ₹1,456.95, down by ₹35.30, or 2.37%, on the BSE.