As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over Rs 11,500 crore in creating new facilities, data shows. Nine engineering and capital goods companies, where data was available, including Siemens, Larsen & Tourbo (L&T) and KEC International, have a combined capital expenditure (capex) of about Rs 11,500 crore or more. Others such as ABB India and Thermax Global are also adding capacities.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
India recorded the highest monthly exports during the fiscal in February, registering an 11.9 per cent growth to $41.4 billion, mainly driven by increased shipments of engineering goods, electronic items and pharma products. The trade deficit during February worked out to $18.7 billion, up from $16.57 billion in the year-ago month, as gold imports surged significantly. Merchandise imports were valued at $60.11 billion, up 12.16 per cent compared to $53.58 per cent in February 2023.
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.
Snapping the two months slide, the country's merchandise exports rose marginally by 0.5 per cent to $34.58 billion in September while trade deficit narrowed to $20.78 billion. According to official data released on Wednesday, imports increased by 1.6 per cent to $55.36 billion in September compared to $54.49 billion in the year-ago period. The trade deficit, or the gap between imports and exports, was $20.8 billion during the same month last year.
'We want to make sustainability affordable.' 'We tell everyone, don't just recycle, Craste it!'
'The government has put in a lot of effort to provide infrastructure for the industry.'
BTech programmes from Nirma University
'The government has put in a lot of effort to provide infrastructure for the industry.'
St Peter's Institute of Higher Education & Research opens admissions to its BE, BTech, ME and MTech courses.
After remaining in the positive zone for three months, India's exports contracted 1.2 per cent to $33.98 billion in July, while the trade deficit widened to $23.5 billion.
Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.
The organism has yielded 2.4 gms of fuel - the highest yet achieved.
Bangladesh's fire service chief Ali Ahmed said the accident may have started with a gas cylinder.
About 1,000 alumni of the Indian Institutes of Technology (IITs) have sent a petition to the directors of the seven premier government-owned engineering institutes urging them to ban Dow Chemicals, which acquired the Union Carbide plant in 2001, from any partnership or role in the premier institutes of the country. This comes soon after the company was forced to cancel pre-placement talks, due in the last week of October, in IIT Madras and Bombay.
The Vellore Institute of Technology invites applications for admission to its BTech programmes.
A chemical weapons expert has been killed in a US-led air strike in northern Iraq.
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
Polytechnic University, New York, invites students to pursue technology-focused post graduate programmes in the Fall 2005 semester.
IIT K opens admissions for it Masters programmes.
Applications are invited from academically outstanding Indian students to study for a PhD at Imperial College London.
National Institute of Technology, Durgapur invites applications to its various MTech courses for the session 2007-2008.
The National Institute of Technology, Durgapur, invites applications for admission to its various M Tech courses.
The National Institute of Technology, Durgapur, invites applications for Research Scholar/ Fellow.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
The Birla Institute of Technology & Science Pilani - Dubai Campus, a branch of BITS Pilani, Rajasthan, invites applications for its degree programmes in Computer Science and Engineering.
Dr. K. Anji Reddy, Founder and Chairman of Dr. Reddy's Laboratories, died at a hospital in Hyderabad on Friday. He was 72.
Trade deficit during the month narrowed to USD 14.54 billion from USD 15.3 billion in January 2020. It was USD 15.44 billion in December 2020.
Alert: A PhD/MS programme at the Indian Institute of Technology Madras, beginning January 2005.
Explore, engage, participate and excel in as many co-curricular activities and hackathons as possible to improve your self-confidence, communication skills and overall personality, advises rediffGURU Chocko Valliappa.
India's exports declined by 2.83 per cent to $33.90 billion in November this year compared to $34.89 billion a year ago, government data released on Friday showed. Imports also declined to $54.48 billion in the month under consideration, as against $56.95 billion recorded in November 2022.
The blaze engulfed the Organic Technical branch of NCL. Leaping flames and plumes of billowing smoke could be seen from a distance.
Procter & Gamble, USA, has donated Rs 45 lakh (Rs 4.5 million) to the Indian Institute of Science, Bangalore to foster collaboration in the area of modelling for chemical and formulated systems.
Amrita Centre for Nanosciences, Kochi, invites applications for M Tech in Nanomedical Sciences.
Ranbaxy whistleblower Dinesh Thakur tells Aziz Haniffa that a formal Congress hearing on spurious drugs from India is being sought.
Harvinder S Anand, who graduated as a chemical engineer from Punjab University, Chandigarh, is the president of Royce International, a multi-national corporation.
With a potential for a 10x growth in pre-tax profit from the business over the next decade, retail including e-commerce will be the next growth engine for Reliance Industries Ltd, Goldman Sachs said in a report. After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls. The oil-to-telecom conglomerate run by billionaire Mukesh Ambani used the period to build strong digital capabilities of the retail business while continuing to expand its physical reach.
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