Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by escalating tensions in West Asia and a sharp rise in crude oil prices, alongside a bearish trend in other Asian markets.
Indian carriers have cancelled over 10,000 flights since the onset of the West Asia conflict, as escalating tensions and airspace restrictions disrupted international operations, a senior government official said.
The Enforcement Directorate conducted searches in Kolkata as part of an investigation into alleged fund routing from TMC's bank accounts for purchasing an Embraer jet and an AgustaWestland helicopter. The probe suggests Rs 160 crore was transferred to Carewell Aviation, with Rs 112 crore used for aircraft. The ED suspects the arrangement was designed to camouflage the true purpose of transactions. This comes amidst frozen TMC bank accounts and ongoing internal party disputes.
Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.
Indian benchmark indices, Sensex and Nifty, extended their losses for a second consecutive day, primarily due to HDFC Bank's disappointing quarterly earnings and escalating tensions in West Asia, coupled with persistent foreign fund outflows.
Researchers at the University of Sheffield have developed a novel method for producing sustainable aviation fuel (SAF) using concentrated solar energy and captured CO2, potentially reducing reliance on used cooking oil.
The US Department of Transportation has proposed new rules to reverse a five-decade ban on overland supersonic flights, driven by advancements in quiet supersonic technology like NASA's X-59 aircraft. This move aims to enable a new era of faster air travel while addressing noise concerns, with final rules expected by mid-2027.
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by softer-than-expected US inflation data which has reinforced expectations of a less aggressive monetary policy stance from the Federal Reserve, providing relief to global risk assets.
How the Indian Air Force's strategic deployment of Mirage 2000 jets and precision laser-guided bombs during Operation Safed Sagar delivered a 'decisive and crushing blow' to the enemy, playing a pivotal role in India's victory in the 1999 Kargil War.
Indian benchmark indices Sensex and Nifty tumbled nearly 1 per cent for the third consecutive day, driven by a sharp spike in crude oil prices and significant selling in bank stocks, with Brent crude jumping to USD 95.27 per barrel.
Civil Aviation Minister K Ram Mohan Naidu highlights challenges in aircraft procurement due to global supply chain disruptions, impacting India's aviation sector growth and expansion plans.
Arca Global Aviation Pvt Ltd (AGAPL) has announced a phased fleet expansion plan, aiming to increase its training aircraft to 10 within 15 months and 25 by 2029, to enhance its pilot training capabilities and meet international aviation standards.
Domestic air traffic in India experienced a nearly 12 per cent decline in June, falling to 1.35 crore passengers from 1.53 crore in May, with IndiGo increasing its market share to 66.3 per cent.
Indian equity benchmark indices Sensex and Nifty plummeted over 2 per cent following US President Donald Trump's declaration that the interim agreement with Iran is 'over', which led to a sharp rally in crude oil prices and heightened geopolitical tensions.
Indian benchmark indices Sensex and Nifty experienced a significant tumble in early trade, primarily driven by heavy selling in HDFC Bank following its quarterly earnings and a sharp spike in Brent crude oil prices due to escalating tensions between the US and Iran. Track Sensex, Nifty
Indian benchmark indices, Sensex and Nifty, closed almost unchanged due to profit-taking in blue-chip stocks, geopolitical uncertainties, fluctuating oil prices, and weak Asian market trends, despite cooling US inflation offering some support.
Delhi Police have arrested two men, including an aviation firm director and a dhaba owner, in connection with the assault on an Army brigadier and his son after the officer objected to them drinking alcohol in a car outside his residence.
IndiGo, India's largest airline, has placed a record-breaking order with CFM International for over 1,000 LEAP-1A engines to power its 510 Airbus A320 neo family aircraft. This significant deal, announced at the Farnborough International Airshow, also includes extensive MRO support and material services, reinforcing CFM's commitment to the Indian aviation market.
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
Jamco Interiors, a global supplier of aircraft cabin systems, has opened a Centre of Excellence (COE) in Pune. This strategic move aims to meet the increasing demand for advanced cabin interiors in India's rapidly growing commercial aviation market and leverage local engineering talent for global aerospace programmes.
Investigators have revealed that the pilot of a small plane that crashed into Beijing's tallest skyscraper, the CITIC Tower, suffered from long-term anxiety and had expressed suicidal thoughts in his diaries. The incident, which killed the pilot and injured 13 others, has raised significant security concerns in the highly sensitive Chinese capital, especially given strict airspace regulations.
Investigators have revealed that the pilot of a small plane that crashed into Beijing's tallest skyscraper, the CITIC Tower, suffered from long-term anxiety and had expressed suicidal thoughts in his diaries. The incident, which killed the pilot and injured 13 others, has raised significant security concerns in the highly sensitive Chinese capital, especially given strict airspace regulations.
An Air India flight from Delhi to Amritsar briefly entered Pakistan airspace during a go-around manoeuvre at Amritsar airport. India's aviation regulator, DGCA, has taken interim action against an air traffic controller and the operating crew for failing to report the incident, which is now under internal investigation by Air India.
The director of an aviation firm and a dhaba owner have been arrested in Delhi for assaulting an Army brigadier and his son after the officer objected to them drinking alcohol in public.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
'...because that protects their aviation industry.' 'The Boeing 787 is one of the most widely-flown wide-body aircraft in the world, and Airbus is running neck-and-neck with Boeing.' 'Airbus is not going to let an opportunity like this pass.' 'If a software problem with the 787 is confirmed, they will use it to increase their own orders.'
Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.
'A lot of people feel there is pressure on the AAIB not to go against Boeing or GE -- both enormous American companies.' 'If the AAIB implicates Boeing or GE, it will impact their sales.' 'If their sales are impacted, jobs are lost in the United States. No government would willingly do that.'
Indian benchmark indices Sensex and Nifty experienced a significant decline in early trade, driven by renewed tensions between the US and Iran and a subsequent spike in global crude oil prices, creating uncertainty in the market. Track Sensex, Nifty on July 8.
Adani Group and Brazilian aerospace firm Embraer have selected Dholera, Gujarat, as the location for a final assembly line for Embraer's regional jets. This strategic collaboration, formalised by an MoU in January, aims to boost India's Regional Transport Aircraft programme and align with the Aatmanirbhar Bharat initiative and UDAN scheme. Embraer sees immense potential in the Indian market across various aviation segments.
Two Air India and Air India Express planes narrowly avoided a collision on the same runway at Mumbai airport after an Air India aircraft aborted its take-off on air traffic control instructions. The incident occurred when one plane was landing and the other was preparing for take-off, highlighting critical aviation safety protocols.
It is an unusual choice to depute a retired general for the funeral of a revered religious figure but a thoughtful one in an attempt to inject verve into the bilateral relationship and restore the equilibrium in India's West Asian policies, notes Ambassador M K Bhadrakumar.
IBS Group has launched Naviq Technology, an artificial intelligence company dedicated to the global travel industry, backed by a substantial USD 500 million investment over the next five years. The new venture aims to partner with major travel players to drive business transformations, modernise operations, and leverage AI for new revenue streams, with plans for significant job creation in India.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.
Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.
'We may be able to wind back some of the schedule reductions we'd taken in recent months.'
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a significant decline in Brent crude oil prices, which fell below the USD 73 per barrel level, and positive trends observed across most Asian equities.
Mumbai police have arrested six individuals in connection with an alleged attack on Sarwar Mohammad, working president of the All India Airports Aviation Employees Union, in the Vile Parle area. The incident involved a group attacking Mohammad's car near the airport, and a probe is ongoing to determine the motive.
Noida International Airport has officially commenced flight operations with an IndiGo flight from Lucknow making the inaugural landing, followed by a takeoff to Lucknow, carrying 172 villagers whose land was acquired for the project.
