The massive demand for energy as Big Tech races to build its AI infrastructure has been a tailwind for GE Vernova (GEV), the power equipment maker that spun out of iconic GE earlier this year. Shares of the Cambridge, Mass.-based company have been hovering near all-time highs, along with the broader S&P 500 Industrial ETF (XLI), as investors look to play off the electrification and AI.
Open FlipL&T Precision Engineering and Systems, a subsidiary of the largest engineering firm in India, Larson and Toubro Ltd., is now eyeing a supply chain role in the next US space station, reported the news agency PTI, quoting the company’s Vice President, Vikas Khita, on Sunday, Oct 6. Khita expects that Indian companies will play a role in the supply chain for next space station, as per the reports.
Open FlipCeigall India Ltd has received a Letter of Intent from the UPSRTC, for the establishment of the "Development of Kanpur Central Bus Terminal" on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. The project has a total cost of Rs 143 crore, with an upfront premium of Rs 1 crore. It will be executed through a TBCB process, and the completion period for the project is set for two years.
Open Flip