New Delhi, July 28 (IANS) India’s Manufacturing, Engineering and Infrastructure (MEI) sector is expected to see salary increments rise to 9.4 per cent in FY27, up from 7.9 per cent in previous year, driven by a recovery in project activity, semiconductor expansion and Industry 4.0 capabilities rollouts, a report said on Tuesday.The report from TeamLease Services said Project Engineers are expected to lead projected salary increments with 10.7 per cent growth, followed by EHS Officers and Site …
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Chennai, July 28 (IANS) The Tamil Nadu government has imposed a three-month temporary ban on the transportation of gravel, cut stones, M-sand, metal jelly and other construction materials from the state to neighbouring states, citing rising domestic demand, shortages, escalating prices and concerns over illegal mining and road safety. The order was issued by Prabhu Shankar, Director of the Department of Geology and Mining, who said the decision was taken to ensure the uninterrupted supply of ess…
Guwahati, July 27 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday said that the recent floods that devastated large parts of the state were unlike conventional monsoon floods and were triggered by exceptionally high rainfall, resulting in extensive damage even in areas that are normally considered safe from inundation. Talking to reporters here, the Chief Minister said the scale and nature of this year’s floods were unprecedented, attributing the disaster to rainfall that was more than…
Mumbai, July 27 (IANS) Integrated chemical manufacturer Epigral Limited on Monday reported a 37.9 per cent decline in its consolidated net profit to Rs 99.7 crore for the first quarter of FY27, compared with Rs 160.7 crore in the corresponding quarter of the previous financial year (Q1 FY26).The company’s revenue from operations, however, increased 16.3 per cent year-on-year to Rs 705.4 crore during the April-June quarter, up from Rs 606.5 crore a year earlier, according to its stock exchange fi…
New Delhi, July 27 (IANS) Indian equities warrant a ‘constructive’ view over the long run due to demographics, rising domestic investment, a deepening financial system, diversifying supply chains and improving energy security, a report said on Monday.The report from PL Wealth recommended investors consider a phased entry into quality large‑cap and large & mid‑cap names in the short term and kept an overweight call for the 24–60-month horizon.The firm kept its overweight call on India i…
Gangtok, July 27 (IANS) BJP’s Sikkim unit on Monday welcomed the state government’s Rs 18,455-crore Budget for 2026-27, describing it as development-oriented, while urging the government to place greater emphasis on revenue generation, timely implementation of projects and employment creation.Speaking to IANS, BJP-Sikkim spokesperson Passang Sherpa said the Budget contained several initiatives that would benefit farmers, improve road infrastructure and strengthen healthcare, but stressed that th…
New Delhi, July 25 (IANS) India’s remarkable economic transformation since Independence has laid a strong foundation for achieving its Vision 2047 goal of becoming a developed nation, although sustained investments in health, education, jobs and green energy will be crucial to maintaining the country’s growth momentum, according to a report.The report published by Economics Observatory highlighted that India has undergone a dramatic transformation since gaining Independence in 1947, evolving fro…
New Delhi, July 25 (IANS) India is betting big on infrastructure-led growth and the world is starting to take notice, a new report has said, adding that Prime Minister Narendra Modi’s government has spent more than a decade attempting one of the most ambitious economic transformations in modern history.The report from World Finance says that from freight rail and green energy to manufacturing and maritime trade, India is charting a truly transformative path.When a container is hoisted ashore a…
New Delhi, July 23 (IANS) Indian Railways has approved the construction of a 14.52 km third line between Nimpura West Outer Cabin and Midnapur in South Eastern Railway at a cost of Rs 440 crore to enhance capacity on this busy corridor, according to an official statement issued on Thursday.The project forms part of Indian Railways’ continued efforts to augment network capacity on high-density routes to facilitate faster movement of passenger and freight trains while supporting the growing transp…
Bhubaneswar, July 22 (IANS) The Odisha Government on Tuesday approved 23 major industrial projects worth Rs 4,573.87 crore with the potential to generate 22,873 employment opportunities across the state, marking another significant step towards achieving the vision of ‘Samruddha Odisha’ by 2036. The projects received clearance at the 148th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Anu Garg.“The approved projects represent a diverse mi…