While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.
Indian benchmark indices, Sensex and Nifty, saw a significant rebound in early trade, with the Sensex jumping 726 points and the Nifty climbing over 200 points, primarily driven by strong performances in IT stocks, HDFC Bank, and renewed foreign fund inflows. Track Sensex, Nifty on July 29.
Indian Oil Corporation Ltd (IOCL) plans to invest approximately Rs 1 trillion in petrochemical projects over the next five to six years, aiming to significantly increase its petrochemical intensity and production capacity to meet growing domestic demand.
Indian benchmark indices, Sensex and Nifty, opened higher on Friday, primarily driven by a significant surge in Bajaj Finance shares following its strong Q1 FY27 earnings report, coupled with continued foreign fund inflows and a dip in crude oil prices. Track Sensex, Nifty on July 31.
Indian benchmark indices Sensex and Nifty ended a four-day rally, closing lower on Tuesday following the introduction of a new Closing Auction Session (CAS) for F&O stocks, which has added a layer of volatility and led to an early adjustment in market structure.
Indian benchmark indices Sensex and Nifty recorded their third consecutive day of gains, primarily driven by an over 8 per cent surge in Bajaj Finance following strong Q1 FY27 results, coupled with significant foreign fund inflows and a dip in crude oil prices.
Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.
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.
Air Chief Marshal A P Singh, the IAF chief, has strongly advocated for India to achieve greater self-reliance in unmanned aerial systems and other critical defence technologies, stating, "Technology delayed is technology denied." He stressed the importance of indigenous development to avoid dependency on other countries for components.
The Enforcement Directorate has frozen bank deposits of the Trinamool Congress worth Rs 440 crore under the anti-money laundering law. This action follows searches in a funds misappropriation case, with allegations of significant transfers to a private aviation company and the purchase of luxury aircraft.
The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.
Veteran Nepali mountaineer Nirmal Purja and nine other climbers are missing after an avalanche struck their expedition on Pakistan's Broad Peak. Rescue efforts are underway but are being hampered by adverse weather conditions, raising concerns for the safety of the renowned climber and his team.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
Air India, SkyDrive, and Suzuki Motor Corporation have signed an initial pact to conduct a joint feasibility study on using electric vertical take-off and landing (eVTOL) aircraft for medical air logistics in India. This collaboration aims to address severe traffic congestion in major Indian cities, which poses challenges for time-critical medical transport, by developing last-mile emergency medical solutions.
The Directorate General of Civil Aviation (DGCA) is investigating two separate trainer aircraft incidents in Uttar Pradesh within four days. One involved a Cessna 152 crash-landing in Kasganj with the pilot safe, and the other saw a trainee pilot injured by a propeller at Kanpur airport.
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.
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions in the West Asia, which improved market sentiment and reduced inflation fears. Track Sensex, Nifty on July 27.
Aviation watchdog DGCA has issued a warning letter to IndiGo for lapses in compliance with norms for handling dangerous goods and has asked the airline to review the relevant training programme to include more practical exercises as well as operational scenarios.
IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.
Families of the AI-171 crash victims are demanding the release of black box data and cockpit voice recorder transcripts, questioning the Aircraft Accident Investigation Bureau's (AAIB) decision to withhold this crucial information while promising only a final probe report.
Indian benchmark indices, Sensex and Nifty, closed higher, primarily driven by bank stocks and encouraging US inflation data, which fuelled expectations of a less aggressive Federal Reserve monetary policy. However, escalating US-Iran hostilities tempered investor sentiment, leading to some profit-taking.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
