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L&T, Tata Power, Jet Airways, Biocon and other stocks that are in focus on December 3

New Delhi, Feb 12 () ABB India on Wednesday said it has bagged two significant orders worth Rs 191 crore to supply traction equipment for Chittaranjan Locomotive Works, and industrial drives to Megha Engineering and Infrastructures. Both these components will be produced at ABB's Nelamangala facility in Bengaluru, in line with its commitment to the 'Make in India' initiative, the company said in a filing to BSE. The facility includes one of the largest factories for locomotive applications and one of the four global shop-floors for medium voltage drives located in Southern India. ABB will supply industrial drives worth Rs 68 crore to Megha Engineering and Infrastructures Ltd, an infrastructure company which recently announced its venture into the oil drilling segment. In addition to industrial drives, ABB India will also supply traction equipment worth Rs 123 crore to Chittaranjan Locomotive Works, which is the manufacturing unit of Indian Railways. The state-of-the-art traction converters will help improve rail operator's efficiency, thereby supporting sustainable transportation in India. In 2019, ABB India had won an order from the Indian Railways to supply traction converters worth Rs 270 crore, the company said. The shares of ABB India were trading at Rs 1,325.95 apiece on BSE, down 0.60 per cent from the previous close. SID ANSANS

ABB India bags orders worth Rs 191 cr

New Delhi, Dec 24 () Delhi Deputy Chief Minister Manish Sisodia on Tuesday inaugurated a centralised new kitchen, supported by Swiss power major ABB India, to feed 21,000 children in government schools in the national capital.
"Deputy Chief Minister of Delhi, Manish Sisodia inaugurated the Akshaya Patra Foundation's new centralised kitchen in Mohan Cooperative Industrial Area of New Delhi," ABB India said in a statement said.
According to the statement, the kitchen - sponsored by ABB India - has the capacity to cater to the nutrition needs of students through 25,000 midday meals across various government schools in the surrounding areas.
Initially, it will serve over 21,000 children of 24 government schools in the national capital and gradually extend its reach.
Mohan Cooperative kitchen will be the Akshaya Patra Foundation's 51st kitchen in the country.
From January 1, 2020, Akshaya Patra will begin operations in Mohan Cooperative Industrial Area, Jahangir Puri and Samaypur Badli, feeding 64,179 children across 134 schools in the national capital through these three kitchens.
ABB India's partnership with Akshaya Patra is over a decade old and has been expanding in line with the mission of Akshaya Patra to feed 5 million children by 2025.
Over the years, the support by ABB India towards Akshaya Patra has increased many folds from the Mid-Day Meal Programme to supporting a centralised kitchen. The current partnership of ABB India with Akshaya Patra supports around 50,000 meals daily to government school children across Gujarat, Karnataka and Delhi. KKS BAL

Sisodia inaugurates ABB India sponsored kitchen to provide midday meal to school kids

<keyword id="12986909" type="General" weightage="20" keywordseo="hitachi-energy-india-ltd" source="Orion">Hitachi Energy India Ltd</keyword> (HEIL) on Tuesday posted a 79.85% jump in net profit at ₹2.41 crore in the April-June quarter of 2023-24, on account of higher income. It had posted a net profit of ₹ 1.34 crore in the corresponding period of 2022-23, the company said in a regulatory filing. The total income also increased to ₹ 1,043 crore from ₹ 991.32 crore in the year-ago quarter. Expenses soared to ₹ 1,039.62 crore in the first quarter of FY24, as against ₹ 989.21 crore a year ago. In a separate statement, company's MD and CEO N Venu said: "We remain focused on balancing our operational complexity and efficiencies to preserve the growth momentum. "While persistent delays in chips and electronics led to lower revenue in the quarter, sustained operational excellence efforts provide visibility in the near-term." In the quarter ending June 30, 2023, the company received orders worth ₹ 1,147.5 crore, up 6 %year-on-year (y-o-y). Headquartered in Switzerland, Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. In India Hitachi Energy operates under the legal entity name Hitachi Energy India Limited (formerly known as ABB Power Products and Systems India Limited).

Hitachi Energy India June quarter net profit jumps 80% on higher income

New Delhi, Jan 9 () Hinduja Group flagship firm Ashok Leyland and ABB Power Products and Systems India on Thursday announced a partnership for co-operation in public electric mobility space with plans to develop electric bus that can be charged within seconds.
 The partnership aims to expand eco-system for efficient and greener electric bus transportation systems in India, the companies said in a statement.
 The partners aim to develop a pilot electric bus based on ABB's innovative flash-charge technology, TOSA, which tops up the battery in just seconds while passengers get on and off the bus.
 "This avoids the need to take the vehicle out of service for recharging every few hours or having a replacement bus ready, thus minimising the size of the fleet while increasing passenger carrying capacity," the statement said.
 Commenting on the development, ABB Power Products and Systems India Managing Director N Venu said, "We are pushing the boundaries of e-mobility with our flash-charging technology TOSA for buses to contribute to a cleaner, greener, and sustainable future."
 The aim is to provide zero local emission mass public transportation bus system with high passenger capacity, he added.
 Ashok Leyland Chief Technology Officer N Saravanan said to stay competitive in domestic and global markets, the company is joining hands with ABB to use their world-renowned TOSA technology on e-buses to take forward the vision of expanding in the EV space.
 "This solution of the flash charge technology (TOSA), which enables charging the battery in seconds, is another example of us delivering on our brand promise of 'Aapki Jeet. Hamari Jeet'," he added. 
 ABB's TOSA is the world's fastest flash-charging connection technology, which at select passenger stops connects bus to charging infrastructure and in 15 seconds batteries are charged with a 600-kilowatt power boost.
 An additional few minutes charge at the final terminal enables a full recharge without interrupting the bus schedule, the statement said. RKL RVK

Ashok Leyland partners ABB Power Products for electric bus development

Ticket sales began on Wednesday for the first-ever ABB FIA Formula E World Championship race in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> to be held in <keyword id="6354552" type="General" weightage="100" keywordseo="hyderabad" source="Orion">Hyderabad</keyword> on February 11. Telangana Government's Special Chief Secretary (Municipal Administration) <keyword id="140987" type="General" weightage="50" keywordseo="arvind-kumar" source="Orion">Arvind Kumar</keyword> booked the first ticket at an event here. The "world's fastest, lightest, most powerful and efficient electric race car - the Gen3" is coming to Hyderabad on February 11 for the event, a press release issued by the organisers said. Private firm <keyword id="15434652" type="General" weightage="50" keywordseo="ace-nxt-gen" source="Orion">Ace Nxt Gen</keyword> is the official promoter of the <keyword id="7123812" type="General" weightage="80" keywordseo="formula-e-race" source="Orion">Formula E Race</keyword> in India in partnership with Formula E and the Telangana government. Speaking on the occasion, Kumar said the event would place Hyderabad as a global destination for e-mobility. A total of 11 teams with 22 cars would be racing here and they include some of the top racing companies, he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/india-won-the-first-t20i-against-sri-lanka-in-a-nail-biting-finish/slidelist/96733749.cms">India won the first T20I against Sri Lanka in a nail biting finish</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ms-dhoni-backed-drone-firm-garuda-aerospace-launches-farmers-focused-film/articleshow/96734751.cms">MS Dhoni-backed drone firm Garuda Aerospace launches farmers-focused film</a>

Tickets sales start for India's first-ever Formula E race in Hyderabad

<ul><li><keyword id="6370462" type="General" weightage="80" keywordseo="tata-communications" source="Orion">Tata Communications</keyword> has partnered with <keyword id="1378541" type="General" weightage="100" keywordseo="formula-e" source="Orion">Formula E</keyword> to become the official broadcast distributor of the <keyword id="15434750" type="General" weightage="50" keywordseo="formula-e-world-championship" source="Orion">Formula E World Championship</keyword>.</li><li>The two companies have announced a multi-year strategic partnership.</li><li>The company has adopted a remote broadcast model aimed at reducing the environmental impact of sports broadcasting.</li></ul>Formula-E has signed a multi-year strategic partnership with Indian telecommunications giant Tata Communications to become the official broadcast distributor to the ABB FIA Formula E World Championship. As part of the agreement, Tata Communications will deliver high-definition and high-speed live broadcast to viewers across the world as part of Formula E’s new remote broadcast production. The aim of this is to reduce the environmental impact of sports broadcasting while also reducing the cost. Tata Communications was responsible for the broadcast at the 2023 Greenko E-Prix held in Hyderabad, the first Formula E race in India. "There are 85 cameras capturing the event for over 400 million people watching all over the world. To be able to facilitate that truly speaks about the power of internet that we have been able to leverage, with our dedicated media cloud and edge computing capabilities. And apart from our long-standing partnership with FIA, we extend the services to multiple major sporting leagues across the world,” said <keyword id="7935940" type="General" weightage="50" keywordseo="as-lakshminarayanan" source="Orion">AS Lakshminarayanan</keyword>, chief executive officer, Tata Communications. <cmsannotation type="cmsannotation" annotationid="Remote broadcasting" comment="subhead" text="Remote broadcasting">Remote broadcasting</cmsannotation> As part of the remote broadcasting setup, Tata Communications will deliver more than 160 live video and audio signals from Formula E races across continents using 26 media edge locations across North America, Europe and Asia. <keyword id="3287500" type="General" weightage="50" keywordseo="jamie-reigle" source="Orion">Jamie Reigle</keyword>, chief executive officer, Formula E said the partnership with Tata Communications has helped reduce the cost by 30 to 40% and the central broadcast hub in London has helped in reducing emissions. "Formula E is an intense tour given its on-the-go nature. Tata Communications' support over the years has enabled state-of-the-art remote production possible, with real-time TV signal transmissions from the race venues to our broadcast centre in London and finally to the audience's screens. Thus, bringing down multiple logistical challenges, driving cost efficiencies, travel flexibilities for our employee, especially women, and reducing emissions," said Reigle <keyword id="16475951" type="General" weightage="50" keywordseo="eric-ernst" source="Orion">Eric Ernst</keyword>, the technology director at Formula E told Business Insider India that the new broadcast system that depends on public internet lines instead of leased lines has helped reduce the cost by around 40%. The company’s plug-and-play setup has also made logistics easier as there is a huge reduction in the setup size and the people required to operate. “We have 50% less freight and people, which has played a big role in reducing the logistics cost,” said Ernst. The company employs 49 people at its London centre and has an entourage of 51 people that travel along with the equipment to the race track. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/ola-s1-pro-move-os-3-review-proximity-unlock-calling-support-hypercharging-support-and-more/articleshow/97806031.cms">Ola S1 Pro Move OS 3 review – proximity unlock, calling support, hypercharging support, and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-13-pro-with-leica-powered-camera-to-launch-in-india-on-february-26-heres-how-its-camera-was-made/articleshow/97765165.cms">Xiaomi 13 Pro with Leica-powered camera to launch in India on February 26 — here’s how its camera was made</a> <a href="https://www.businessinsider.in/tech/news/twitter-blue-launched-in-india-pricing-what-it-offers-and-should-you-subscribe/articleshow/97756303.cms">Twitter Blue launched in India – pricing, what it offers, and should you subscribe?</a>

Formula E partners with Tata Communications to reduce environmental impact of broadcasting

In the last fiscal, government orders drove majority of <keyword id="81793" type="COMPANY" weightage="100" keywordseo="Capital-goods">capital goods</keyword> and engineering companies, and looks like the trend is going to stay for this fiscal as well. A look at the order pipeline, and one can only see the names of state-funded schemes amidst a few private sector projects here and there. Companies like <keyword id="45475" type="CITY" weightage="100" keywordseo="Larsen-Toubro">Larsen &amp; Toubro</keyword>, <keyword id="148522" type="CITY" weightage="100" keywordseo="ABB">ABB</keyword> and <a href="http://www.businessinsider.in/finance/Siemens-is-buying-a-software-company-under-pressure-from-activists-for-about-4-billion/articleshow/55415431.cms">Siemens</a> are looking at more government projects than ever, given that private sector is still unsure about investments. Also read: <a href="http://www.businessinsider.in/small-business/people/indias-manufacturing-sales-shrink-expect-more-layoffs/articleshow/57376642.cms">India's manufacturing sales shrink. Expect more layoffs India's manufacturing sales shrink. Expect more layoffs</a> "Order flows continue to be dominated by public sector capex, led by sectors like power transmission &amp; distribution, <a href="http://www.businessinsider.in/transportation/indian-railways-is-not-in-the-pink-of-health-turnaround-hits-buffers/articleshow/58411600.cms">railways</a>, metros and hydrocarbons," <keyword id="103838" type="CITY" weightage="100" keywordseo="HDFC-Securities">HDFC Securities</keyword> said in a pre-earnings report. "Orders from Power Grid grew 112% year-on-year to Rs 8,020 crore in Q4 FY17. Power generation orders continued to be muted, with no major orders announced by <keyword id="6354446" type="CITY" weightage="100" keywordseo="BHEL">BHEL</keyword>." The worth of order inflows by major capital goods companies, excluding <a href="http://www.businessinsider.in/lt-played-a-crucial-role-in-isros-record-104-satellites-launch-heres-how/articleshow/57189874.cms">L&amp;T</a>, declined one fifth to stand at Rs 16,500 crore in the fourth quarter from a year earlier, says Elara Capital. Amongst these orders, a large number were from railways, transmission &amp; distribution, renewables &amp; water treatment. Also read: <a href="http://www.businessinsider.in/careers/Worrisome-IITs-receive-lukewarm-response-from-PSUs-during-placements/articleshow/55432791.cms">Worrisome? IITs receive lukewarm response from PSUs during placements</a> "We expect that domestic capital goods sector would continue to be impacted primarily due to slower execution, lower order inflow and poor financial health of the power distribution companies. We believe announcement of Uday scheme for discoms is positive, which is likely to result in better cash flows and new investments in state T&amp;D networks and independent power producers," <keyword id="197560" type="COMPANY" weightage="100" keywordseo="Reliance-Securities">Reliance Securities</keyword> said. The Uday scheme has been announced to revive state-owned power distribution companies that are ridden with debts. (Image source LiveMint)

Government orders might continue saving capital goods companies

<ul><li>In last year’s budget Finance Minister Nirmala Sitharaman had announced ₹5.5 lakh crore ($74 billion) as capital investments.</li><li>As of November 2021, less than half of that has been spent</li><li>However, if it were to step up spending in the last three months to cover some of the slack, it could mean large orders for private companies like Larson &amp; Toubro, Bharat Electronics, ABB and Siemens.</li><li>Check out our <a href="https://www.businessinsider.in/bi-newsletter">weekly explainers</a> on the hottest topics and <a href="https://www.businessinsider.in/newsletters_signup.cms">sign up</a> if you like them.</li></ul>A big part of the market rally that unfolded post the budget speech last year was the government’s commitment to spend big bucks on infrastructure. However, at the end of November 2021, less than half of the budgeted amount was spent. As a report from HDFC Securities pointed out, the difference between the budgeted amount and the actual spending this year has been the highest in the last 4 years. The second wave of the pandemic, and the third one that’s underway right now, may have set back some of the spendings. <div type="image" title="budget capex" height="900" width="1200" msid="88852484" hostid="261"></div>Finance Minister Nirmala Sitharaman had said that the government would make capital investments worth ₹5.5 lakh crore by March 2022 on roads, metro rail network, renewable energy, and in building other such infrastructure. Such spending results in orders for construction companies like Larson &amp; Toubro, Dilip Buildcon, KNR Construction and IRB Infrastructure Developers, as well as equipment providers like Bharat Electronics, ABB and Honeywell. And, therefore, in better economic growth. These are the shortfalls compared to the budget promise across different sectors: <div type="image" title="sector capex" height="900" width="1200" msid="88852502" hostid="261"></div>A recent report by Crisil said that the central <a href="https://economictimes.indiatimes.com/news/economy/indicators/public-capex-turns-the-corner-central-spending-seen-jumping-12-over-pre-pandemic-level-report/articleshow/88048366.cms?from=mdr">government expenditure on capital investments was up 31% compared to the last financial year</a>, which was also the first year of the pandemic. The same number, when compared to 2019, is higher by 13%. In September last year, the Finance Minister <a href="https://indianexpress.com/article/business/spends-lagging-finmin-asks-ministries-to-step-up-capex-7538316/">told ministries to increase the pace of spending</a> to meet the targets. However, October and November continued to be lean months, according to a report by Elara Securities. If the government decides to cover some of the slack in the last three months, it could result in some big orders flowing in. That could explain the recent rally in capital goods stocks. “The lag in the spending for capital goods and infrastructure in FY22 was because of COVID-19 and related spending. This time the spending for these sectors started in October 2021. Even historically, the spending is high in the third and fourth quarter only as giving out tenders and finally giving the order to specific companies takes a lot of time,” said Kranthi Bathini, director of equity strategy at WealthMills Securities, told Business Insider. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Capital good companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change in last five days </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Greaves Cotton </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Suzlon Energy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">23% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">India Cements </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Alok Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Varroc Engineering </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Green </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Prism Johnson </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RHI Magnesita India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Elgi Equipments </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Trident </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr></tbody></table>The market also hopes that the emphasis on capital investments will continue in the upcoming budget too. “Budget 2022 is most likely to focus on improving infrastructure. It might include a detailed list of public roads to railways assets, which the government plans to monetise during FY 2022-23. Reports also suggest that it might especially prioritise highways and expressways,” said a <a href="https://www.bajajfinservmarkets.in/markets-insights/budget/budget-2022.html">report </a>by Bajaj Finserv. “We expect major initiatives to be announced to stimulate capital expenditure both on the private and public side. This has been the thrust of the government since COVID hit the country’s growth. We expect schemes for outlay for development of infrastructure including major spending towards roads, irrigation, healthcare and smart cities,” Anshuman Khanna, Director at Value Prolific Consulting Services (ValPro) told Business Insider. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/tiger-global-led-82-million-round-in-fintech-startup-refyne/articleshow/88837462.cms">INTERVIEW | This one-year-old startup raised $82 million led by Tiger Global to offer employees advance on their salaries</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/this-stock-has-gained-51-in-the-last-five-days-on-investors-new-found-love-for-electric-vehicles/articleshow/88841859.cms">This stock has gained 51% in the last five days on investors’ new-found love for electric vehicles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/government-owning-vodafone-idea-is-just-half-the-task-the-other-half-is-to-find-the-money/articleshow/88836355.cms">Government owning Vodafone Idea is just half the task – the other half is to find the money</a>

The Indian government has spent less than half the money it had budgeted for capital investments, so far

<ul><li>Since there is uncertainty around Covid-19 and its possible impact, more pay cuts and job cuts are in the offing. </li><li>However, a select few companies have stepped up hiring despite the global pandemic. </li><li>This week, Business Insider brings job openings across companies that are hiring engineers across domains including radio frequency, telecommunications, integration experts and more.</li></ul>Ever since the government announced the nationwide lockdown on March 24, the unemployment rate in India remained high at over 20%, <a href="https://www.businessinsider.in/careers/news/india-unemployment-worsens-cmie-jobless-rate-spikes/articleshow/75989712.cms">according to</a> the Centre for Monitoring Indian Economy (CMIE). Since there is uncertainty around Covid-19 and its possible impact, more pay cuts and job cuts are in the offing. However, a select few companies have stepped up hiring despite the global pandemic. Every week, Business Insider collates interesting vacancies across marquee organisations. A few such vacancies are listed here. This week we bring job openings across companies that are hiring engineers. Here are a few of those opportunities: Tech Mahindra Position: Telecommunications Engineer Location: Bengaluru Experience: 3-8 years Eligibility: Bachelor’s or Master’s degree in electronics and communication Tech Mahindra is looking for an experienced telecommunications engineer. The selected hire will work on signal processing fundamentals, cellular communication and wireless standoffs. The role requires strong knowledge of programming in c, c++ and MATLAB. He will work on developing prototypes , enhancing algorithm performance and work with debugging tools. To apply for the job, the candidate must have knowledge of architecture and design, including debugging skills. He should be experienced in integration and optimization tools. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1869834583/">here</a>. Intel Corporation Position: RF Engineer Location: Bengaluru Experience: Minimum 8 years Eligibility: B.Tech in Electronics and communication Intel is hiring RF Engineers in Bengaluru, who will work on radio frequency topology, its system analysis, block characterization and specification. The candidate will work on the radio frequency test equipment. He will be responsible for the design of RF circuits, analyse and understand the analog circuits and chip layout requirements. To apply, the candidate must have experience in RF design and testing of RF systems like cellular modems, WiFi, bluetooth and GPS. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1880489320/">here</a>. Larsen &amp; Toubro Infotech Position: Integration Engineer Location: Gurgaon Experience: Minimum 5 years Eligibility: Not specified L&amp;T Infotech is looking to hire an integration engineer who will work on integrating third party upstream and downstream systems and other SaaS applications. He will work with the frontend, backend and database teams and architects to understand and build an integrated solution. He will be responsible for building APIs, software development kits, libraries and templates for integration and then migrate existing Leni stack to cloud stack. The applicants must have experience in building add ons to SaaS products like atlassian, salesforce, <keyword id="249410" type="COMPANY" weightage="20" keywordseo="HubSpot">hubspot</keyword>, zendesk and more. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1880420444/">here</a>. Wipro Position: Software Engineer Location: Bengaluru Experience: Minimum 4 years Eligibility: MTech, BTech or MCA Wipro is hiring a senior software architect skilled in DevOps and Azure. The selected candidate will work on developing projects in Sharepoint Online, Microsoft Teams and Power platform. To apply for the job, the candidate must have experience in SharePoint migrations and design, Microsoft office 365 services. The candidate will be required to have excellent communication and documentation skills. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1879467818/">here</a>. ABB Position: Project Engineer Location: Bengaluru Experience: Minimum 4years Eligibility: Mechanical Engineering ABB is hiring a project engineer to work on engineering design concepts and evaluate the techniques and procedures to complete engineering projects. The candidate will be responsible for reviewing and approving designs and extending technical support for testing and installation. He will work on creating design plans, cost estimates and quality of the program. The role includes supporting research and development projects for product development. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1902429146/?alternateChannel=paview&amp;alternateCode=seturl&amp;eBP=CwEAAAFyte51abWVrRv_JRXf1YKoL-KXtMHrhRzM0oRFYizPsLgbx_OFqg1WkmLqJm_cp_vg6mwsW8lC2vskgjbeMTdrwrU_zNCNerVBJAOtfWiK4xekaU-ivbj88XzYpyQfHfH9W7Q0-dIopkGLN5h3q2XCb-q7fzb_lAkggkJjSqLvdZ5p2KWgJOt7fei5JzxcPtWye-yVOIv7j2-ij0lUg6FI79ztHLwMhD4R95sfnEpCnoJWPzDKg8l_kiiDU3_LoSxS-2_uOh8CSbgFpA8Lw4QH_4ctGg74m7uo74EAJ9_OA8YlcQp9J--3hflQpxa66RfsNs8G7rtmeKqifbTqY3b4tMjFUk2aipWUiA&amp;refId=43c75e3c-1e34-4ce9-a62b-e0044b9334b3&amp;trk=d_flagship3_job_details">here</a>.

Tech Mahindra, Intel, Wipro and other multinationals hiring engineers

India's indigenous robot is all set for a bug debut at the ongoing 'Make in India' week in Mumbai. 
 A <keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> innovation, Brabo has been developed in-house by a team of six engineers whose average age is 24 years, led by Bhingurde. The development cost is Rs 10 crore. 

	"These are made in India, made for India. The idea is to drive automation in the market by offering affordable and cost-effective solution," says Anil Bhingurde, chief operating officer of TAL Manufacturing Solutions of Tata Motors. 
 The design of the robot was done in-house at TAL, styling was done at Tata Elxi, and manufacturing of some parts at Tata AutoComp, while <keyword id="154226" type="CITY" weightage="20" keywordseo="Tata-Capital">Tata Capital</keyword> provided the finance. TAL Manufacturing doesn't intend to compete with global biggies such as Fanuc, ABB and Kuka's, but instead plans to target the micro, small and medium entreprises with an affordable robotic solution starting at Rs 3 lakh (for 2 kg) to Rs 6 lakh (for a 10 kg payload). There are over 5,000 products being manufactured by India's small enterprises -from traditional business to high-tech products, which may need such <keyword id="16719" type="UNKNOWN" weightage="20" keywordseo="robots">robots</keyword>. The Rs 9-lakh crore MSME industry is likely to double in the coming years, and to reach that kind of size and scale, automation will play a big role, an opportunity that TAL Manufacturing Solutions doesn't want to slip up on. 

	There's a market of approximately 1,000 big robots in India annually, according to International Federation of Robotics, and from next year, the demand will be 5,000 robots, globally. Thanks to the creation of a new entry point, the market is likely to grow 10 times in five years to 15,000, says Bhingurde.
 

	Although Nachi, Panasonic and Universal have started showcasing smaller robots in India, Brabo enjoys a significant 35-40% cost advantage due to its localised offering. 
	 
	(Image credits: BCCL)

India-made robot Tata Brabo all set for big debut at ongoing 'Make In India' week

The ongoing <keyword id="1928343" type="UNKNOWN" weightage="20" keywordseo="Sweden-India-Nobel-Memorial-Week">Sweden India Nobel Memorial Week</keyword> 2016, which will go on till October 7, is also lauding innovation, keeping <a href="http://www.businessinsider.in/searchresult.cms?query=Prime+Minister+Narendra+Modi&amp;sortorder=effectivedate">Prime Minister Narendra Modi</a>’s ‘<a href="http://www.businessinsider.in/searchresult.cms?query=Make+in+India&amp;sortorder=effectivedate">Make in India</a>’ initiative in mind. 
 This is the 10th edition of the Memorial Week and this time, the <keyword id="2158545" type="UNKNOWN" weightage="20" keywordseo="Sweden-Embassy">Sweden Embassy</keyword> in India is highlighting innovations done by the Swedish companies, in line with Modi’s vision of turning India into a innovation hub. 
 The <keyword id="23050" type="COUNTRY" weightage="100" keywordseo="Sweden">Sweden</keyword> India Nobel Memorial Week 2016 has a string of events such as seminars and board discussions among well known Indian and Swedish chiefs from government and business and in addition the scholarly world, to rivalries for understudy and social exhibitions. 
 These events are taking place across <keyword id="6359298" type="COMPANY" weightage="20" keywordseo="Indore">Indore</keyword>, <keyword id="2094" type="COMPANY" weightage="20" keywordseo="Pune">Pune</keyword>, <keyword id="6355033" type="COMPANY" weightage="20" keywordseo="Bangalore">Bangalore</keyword>, Hyderabad, Chennai, Mumbai, Ahmedabad, Bhubaneswar, <keyword id="6354925" type="COMPANY" weightage="20" keywordseo="Kolkata">Kolkata</keyword>, Guwahati and New <keyword id="66" type="COMPANY" weightage="20" keywordseo="Delhi">Delhi</keyword>. 
 The highlight of event is <keyword id="3405451" type="UNKNOWN" weightage="20" keywordseo="ibrahim-baylan">Ibrahim Baylan</keyword>, Minister for <keyword id="3719651" type="UNKNOWN" weightage="20" keywordseo="policy-coordination-and-energy">Policy Coordination and Energy</keyword>, and Erik Brandsma, Director General of Swedish Energy Agency, who will be in attendance. Other exciting projects of the week are The Nobel Wall in Delhi, <keyword id="18858" type="COMPANY" weightage="20" keywordseo="Noida">Noida</keyword> and Chennai, The Swedish Film Festival in Chennai and Nobel Memorial Reception. 
 Sweden's Ambassador <keyword id="1441970" type="PERSON" weightage="20" keywordseo="Harald-Sandberg">Harald Sandberg</keyword> said, "The Nobel Week is a great platform to strengthen cooperation and deepen relations between both the countries. India and Sweden do share common basic values and interests, and at the same time, we see a great potential to take inspiration from each other and expand our cooperation across a range of sectors. India is a great example of unity in diversity and Sweden collaborates with India under the India's "Smart Cities" initiative. Many Swedish companies specializing in the sustainable urban development sector have been working in India for many years." 
 The Sweden India Nobel Memorial Week is held in memory of Swedish innovator and giver <keyword id="233417" type="PERSON" weightage="20" keywordseo="Alfred-Nobel">Alfred Nobel</keyword> to observe Indian Nobel laureates and is sorted out in participation with leading Swedish organizations in India. The topic for the tenth version of the Week is Swedish commitments - "Sweden Makes in India", including sustainability and innovation. Our try is to utilize this stage to concentrate on innovations and sustainable advancement, which is the trademark of Swedish organizations." 
 There are around 160 Swedish companies operating in the country employing 160,000 people directly. Big names from Sweden present in India include ABB, Altas Copco, Ericsson, IKEA, SAAB, Scania, SEB, Tetra Pak, Volvo Cars and <keyword id="164894" type="COMPANY" weightage="20" keywordseo="Volvo-Group">Volvo Group</keyword> and the SME partners Blueair, Camfil and CleanMotion. 
(image: indiatimes)

Sweden is showing innovations by Swedish companies in line with ‘Make in India’ initiative

In its bid to build a solar India, <keyword id="6356755" type="COMPANY" weightage="20" keywordseo="IIT-Madras">IIT Madras</keyword> announced recently that it will be developing an efficient, cheap and clean way of power supply to villages using microgrids. For this, the institute has signed a MoU with power and automation technology company ABB India under government’s <keyword id="3873307" type="UNKNOWN" weightage="20" keywordseo="uchchatar-avishkar-yojana">Uchchatar Avishkar Yojana</keyword> scheme. 
 
They will be looking at developing a power management system to optimize the operation of multiple micro grids, with or without grid connection, to transmit electricity reliably to small villages. This system will also enable the integration of individual solar PV rooftops to the micro grid of a village. Such grid clusters are expected to have the capability of generating and using renewable energy locally from one kilowatt to a few hundred kilowatts. This inter-connection of micro grids with the existing distribution system will also help reduce outages and cut electricity costs. 
 
As of now, the government is looking at a generation capacity of 40 GW in the next five years through grid-connected solar photovoltaic rooftops and small scale solar PV plants. 
 
The project scope includes micro grids of 20 to 100 kW capacity equipped with battery storage. Detailed studies and simulation of the various system components along with related control and optimization logic, protection criteria, monitoring and communication will also be undertaken. 
 
"While India has set an ambitious target for solar energy generation, IIT Madras has been at the forefront in developing decentralised energy-efficient solar PV micro grid solutions tailored to meet India's urban, rural and off-grid power requirements," said Bhaskar Ramamurthi, Director of IIT Madras. 
 Meanwhile, ABB India's managing director <keyword id="222145" type="PERSON" weightage="20" keywordseo="Sanjeev-Sharma">Sanjeev Sharma</keyword> said - "In a country as huge and diverse as India, it is important to design models of integration with power management and load balancing for proven micro grids technology with the existing grid infrastructure." 
 
Interestingly, ABB’s Access to Electricity social initiative in India has already demonstrated significant impact in the country. 
 The company has brought <keyword id="70990" type="UNKNOWN" weightage="20" keywordseo="Solar-power">solar power</keyword> to 1,200 households in the Rajasthan desert and to over 100 households in the world’s largest delta region of the Sunderbans. This project follows two ongoing CSR projects with IIT-M; one for the design, installation and commissioning of a micro grid able to supply 50 kW power to a rural village, the other one to help establish and research the Center of Battery Engineering at IIT-M. 
 
ABB recently announced the setting up of India’s first solar-powered micro grid to provide uninterrupted power supply to its factories in Vadodara. 
 
With the slow but steady work by the institute, industry and the government, it seems India is not too far away from achieving its solar dream.

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