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Cash shortage likely to get worse in Delhi-NCR, Mumbai as ATMs run dry
As the problem of sudden cash crunch hits several states of the country, India's two major regions, the Delhi-NCR and Mumbai, can severely get affected in the coming days if the situation persists. According to sources in one of the largest private banks in the country, in the past one week the Delhi-NCR region received around 20 per cent of the cash supply it used to get on a daily basis. - Business Today
Sensex closes 89 points higher, Nifty at 10,548 on normal monsoon expectations
The Sensex and Nifty marked their longest winning streak in over three years closing higher for the ninth straight session as consumer-based stocks rose on a normal monsoon forecast by India Meteorological Department (IMD). - Business Today
Finished steel demand to grow by 1.8% to more than 1.6 billion tonne in 2018
Global finished steel demand will grow by 1.8% to more than 1.616 billion tonne in 2018, and increase by another 0.7% to nearly 1.627 billion tonne in 2019 with India poised to overtake the US and grab the No. 2 slot in in terms of global steel demand. - Economic Times
Balancing digital investment is the key imperative for Indian manufacturing sector
Accenture research has found that industrial equipment companies globally can reduce their total cost per employee by combining innovative technologies such as autonomous robots, AI, blockchain, big data and 3D-printing. - Economic Times
CII predicts India's GDP growth at 7.3-7.7 per cent for 2018-19 financial year
Sector-wise, the CII projected 2.5-3.5 per cent growth for the agriculture sector, 7.2-7.5 per cent for the industrial sector and 8.4-8.7 per cent for the services sector, with "construction" and "trade and repairs" to lead. - India Today
Forget fast growth, India is barely holding on. Just look at the data : Economic Times
The Index of Industrial Production rose just 1.2% in July compared with a 5.2% rise in July 2016. IIP for the manufacturing sector inched up only 0.1% in July, compared with a rise of 6.3% in July 2016.
3 factors slowing the economy down when rest of the world is growing: Raghuram Rajan
Rajan says today the big worry is that growth has fallen considerably and we need to accelerate the pace of reforms so that growth picks up as well as conveying to the business community there are no surprises that are waiting.
Ex- RBI Guv Bimal Jalan says he would have not allowed demonetisation
Jalan has previously stated that a rupee authorized and circulated by RBI and the government should not be demonetized in any situation short of a crisis.
NALCO adds new product to its portfolio
National Aluminium Company Limited (NALCO) has taken the initiative to produce AA 3105 alloy comprising aluminium, manganese and magnesium at the rolling plant of its smelter division. (moneycontrol.com)
Manufacturing sector needs to be more competitive: Vice President
The Vice President of India, M Hamid Ansari has said that the Indian manufacturing needs to improve dramatically in terms of productivity and efficiency to compete in the globalised market, said a government release on Tuesday. (India Infoline)
Siemens opens its first digital factory in India
The German company hopes to use Mumbai's digital factory as a showcase to sell a range of plant automation equipment and software to Indian manufacturing units. (Economic Times)
20th September 2015: Quality Mark Awards for manufacturing Heavy Engineering Quality Products: Chapter Madhya Pradesh
21st of March 2015: FMPCCI IInd Outstanding Achievement Awards 2014
21st of March 2015: Skoch Achiever Award
United Engineering Industries is a manufacturer one stop solution of highly engineered special heavy metal fabricated & machined components. Supply of assemblies for Rail Transportation, Steel Bridges & Girders, Nuclear Power, Thermal & Hydro Energy, Steel, Cement & Minerals and Petrochemicals. Our manufactured components are not only supplied in INDIA but globally which has been acclaimed by all. We are also a RDSO & IBR approved Company.
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