MEIL has become one of the fastest growing and most successful infrastructure and engineering, procurement, and construction companies in the country in recent times.
From real estate behemoths to infrastructure majors, from mobile device manufacturers to heavy engineering companies, they all made commitments to the tune of billions of dollars. Unfortunately, the reality has fallen far short.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
With Honeywell demanding what Indian Air Force sources term an "exorbitant" price for F-125IN engines, the IAF has told HAL that it has abandoned its plan to upgrade 80 Jaguar fighters with new Honeywell engines, reports Ajai Shukla.
Experts say while the increasing demand for a ban on Chinese goods might make for good optics, the reality is that India is still heavily dependent on that country in a wide range of industries like electronics, mobile devices, auto, pharma, telecom equipment, and fertilisers.
The development comes after a recent notification from the Union home ministry, which has permitted companies to resume manufacturing operations and reopening of shops in red, green and orange zones with certain riders.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.
South Korean engineering behemoth Hyundai plans to set up an engineering company in India focussed solely on the petroleum sector.
The prospects of India becoming a credible manufacturer of defence platforms or major weapon systems for export are remote, says Vice Admiral Premvir Das (retd).
The iconic bridge was opened to the public in the middle of World War II.
Joseph L DeSouza from Goa is the owner of System Engineering and Emirates Space Erectors, both LLC companies that also had registered offices in the UAE's Hamriya Free Zone.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
L&T operates in 152 businesses, including nuclear reactors, power generation equipment, airports, oil & gas pipelines, roads, computer software and financial services.
Indians have been travelling to the "land of the rising sun" in large numbers, especially for business, thanks to the close ties with automobile and engineering companies.
The search engine company said on Thursday it would capture the city's street view and make it available on Google Maps.
Barely two weeks after opening a special branch for high networth individuals, the State Bank of India (SBI) on Monday launched an exclusive branch for corporate salary accounts at the DLF Cyber Centre at Gachibowli in Hyderabad - its first in the state.
A consortium of India's largest engineering company Larsen & Toubro (L&T) and non-resident Keralite (NRK) businessman P Mohamed Al-led Galfar Engineering & Contracting has bagged the design and development order for the New Salalah International Airport in the Sultanate of Oman for $764 million (Rs 3,452 crore).
Patil, the first Indian Head of State to visit China in a decade, took up the issue of the growing trade imbalance.
India Inc's debt-to-equity ratio has fallen, from 0.92 in FY15 to 0.88 in FY16.
Students from the US, Japan, China, Germany, France, the UK, Italy, Russia, Spain, Canada and India's top academic institutions took part in the survey.
And it's not an IIT graduate who's bagged it, report Gireesh Babu & Vinay Umarji.
The board of directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.
SNC-Lavalin, a Canadian engineering company, has denied allegations of bribery in connection with a $60 million corruption case that created a political crisis in Kerala.
The micro engineering industries in Tamil Nadu have been affected by the ongoing global economic meltdown.
Even West Bengal units no longer have collective bargaining to fix salaries -- so why do central PSUs, asks A K Bhattacharya.
Larsen & Toubro, India's largest engineering company, has sought permission from the market regulator to sell its 6.9 per cent stake in Mahindra Satyam, which is currently valued at around Rs 900 crore.
Indian IT firms are now making their mark as Superbrands. Of the 74 Indian Business Superbrands selected by Superbrands - an independent arbiter on brand management - seven are IT companies. Among a total of 980 brands invited to be judged and listed in Business Superbrands, around 12 technology companies had participated.
Rediff readers tell us what their first salaries meant to them.
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Since the early 1970s, the Tatas have presence in the city-state.
Why did the Chinese military take over the lab in Wuhan in end January? Did something go wrong? Claude Arpi glances at the mystery surrounding the origin of the coronavirus.
The global credit crisis has slowed order growth of Indian construction and engineering companies, indicating that several big projects, planned earlier, are being pushed back either for lack of capital, or because they have become unviable now.
L&T is trying to aggressively diversify again into a field where it does not have much experience.
Industry bigwigs and corporate heavyweights have been scurrying to get the best students for themselves. Naturally, salaries are headed north.
Will the IAF pay $2.4 billion to refit 80 Jaguars with powerful Honeywell engines?
Bengaluru added four of the eight new innovation centres to emerge as the fifth global hub for innovation.
Boeing is eyeing commercial aircraft orders worth over $40 billion in the next 20 years and defence sales of another $15 billion over the next ten years from India and has drawn up ambitious plans to source products and services from India to stay competitive globally. In a little over one year, Boeing has inked five agreements with top IT and engineering companies, which will result in key components for its civilian and military aircraft being manufactured in India.
Even as the engineering goods sector, which has the largest share in the country's export basket, registered an export growth of 22 per cent (dollar terms) in the April-July period of this year, a recent study has revealed that the volume of exports has gone down in majority of the products manufactured by the sector, leading to job losses.
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