Dreamfly Innovations is setting up a 40,000-sq ft aviation battery manufacturing facility in North Bengaluru with an investment of Rs 40 crore. This plant will produce advanced batteries for various drone applications, supporting India's growing drone economy and domestic drone makers.
Tata Sons has the balance sheet to support them, for now.
Natarajan Chandrasekaran, credited with stabilising Tata Sons after a boardroom coup and overseeing significant expansion, has announced his resignation as chairman, capping a nearly decade-long tenure marked by both successes and escalating tensions with the group's controlling charitable trusts.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
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.
An IndiGo flight was evacuated at Chandigarh airport after a passenger's power bank caught fire. All passengers and crew were safely evacuated, and no major injuries were reported.
Pilots' grouping FIP has suggested that the AAIB should investigate whether a 'pre-lift off electrical disturbance' could have led to the Air India Dreamliner crash in June last year, which resulted in 260 fatalities.
Brokerage Bernstein has warned Prime Minister Narendra Modi that India risks squandering recent economic gains unless it accelerates structural reforms, particularly in jobs, manufacturing and innovation.
The deferral of Natarajan Chandrasekaran's re-appointment as Chairman of Tata Sons has sparked questions regarding a previous unanimous resolution by Tata Trusts and potential internal disagreements.
Although extensive air attacks have been carried out to destroy most of Iran's defence capabilities, the latter's resilience and sustenance during the war clearly indicate that the US landing force would encounter severe resistance in the operation, explains Commodore Venugopal Vengalil (retd).
The Union Budget for 2026-27, presented by Finance Minister (FM) Nirmala Sitharaman on Sunday, which was a first, had an excellent domestic macro backdrop. According to the first advance estimates, gross domestic product (GDP) in constant prices is projected to grow 7.4 per cent in the current financial year, against 6.5 per cent in 2024-25.
Even as the years roll on, I know this: Whenever the history of the Indian Air Force is written, my name will always soar.
'The AAIB will collect every single retrievable piece of the aircraft and transport it to a secure location -- usually a large hangar capable of housing a Boeing 787.' 'The entire aircraft will be laid out, each part marked and tagged, and practically rebuilt like a jigsaw puzzle.'
'This was textbook emergency response under stress.'
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
Adani Group has commissioned India's first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat, the conglomerate said.
Twenty-year-old Nganthoi, who was a cabin crew member for the last three years, was among the 242 people onboard Air India Flight AI 171, which crashed minutes after take-off from Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday.
'In those 10 seconds, they even made a MAYDAY call -- which is only issued in case of a serious, imminent emergency.'
The grounding has been a "frustrating experience," McNerney told a US Chamber of Commerce aviation summit.
Aviation major Boeing has received federal approval to its plan to test the battery system of its 'Dreamliner' planes, which were grounded early this year after a fire in one of the aircraft due to fault in the battery system.
Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019.
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. India's smartphone industry is a 'Make in India' success story, with 2023-24 production reaching $49.2 billion and exports at $15.6 billion, making smartphones the fourth-largest export after diesel, aviation fuel, and polished diamonds.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
Fifty-six-year-old Piccard, who completed the first non-stop flight around the world in an air balloon in 1999, said he and his team were hopeful of getting permission for landing in the two Indian cities.
Prime Minister Narendra Modi's state visit to the US is expected to see discussion on India's possible entry into a US-led global alliance on critical minerals, officials told Business Standard. In June last year, the US, the European Union, and other G7 partners launched the Minerals Security Partnership to ensure that China did not further strengthen its grip on supplies of critical minerals the world over. Various ministries, including the Ministry of Finance, have communicated to the Ministry of External Affairs to explore the possibility of India joining the partnership, officials said.
Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to Rs 5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to Rs 9,516 crore during this period. Eight years ago, in 2015-16, Tata Sons reported a net debt of Rs 5,132 crore; from March 2017 until March 2023, this figure was above the Rs 14,700 mark, peaking at Rs 27,437 crore at the end of March 2019, according to data sourced from Capitaline. The company's gross debt nearly halved to Rs 15,173 crore until January 2024 on a standalone basis, down from a peak of Rs 31,363 crore reported in the financial year ended March 2019.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
Aviation regulator DGCA has temporarily suspended SpiceJet's licence for the transportation of 'dangerous goods' for alleged violations, according to sources. The suspension is for 30 days, and during this period, SpiceJet will not be allowed to carry dangerous goods, including lithium-ion batteries, on its domestic as well as international flights, the sources told PTI on Friday. When contacted, a SpiceJet spokesperson did not directly mention the suspension.
There was no injury to any passenger or crew. The aircraft landed safely at Delhi airport, the official confirmed.
Apple had on June 20 issued a notice on its website regarding the risk posed by the models of the MacBook Pro laptops.
But the ban remains on Galaxy Note 7, which has seen battery overheating, manufactured before September 15 and having a white battery charge indication on the screen.
With several Indians still stuck in strife-torn Ukraine, the government is pushing out videos on various platforms, including social media, on how to remain safe in a war zone.
The US Federal Aviation Authority has approved Boeing's plan to fix the battery-fire problem in the Boeing 787 Dreamliner fleet.
Let's take a look at the birth, flight and grounding of Dreamliner.
Such a directive to 'temporarily cease operations' comes after the US Federal Aviation Authority conducted an investigation of an in-flight Boeing 787 battery incident in Japan on Wednesday, which posed a question on a potential battery fire risk in the 787.
Prime Minister Narendra Modi on Tuesday dedicated to the nation the Mahakal Lok corridor at Ujjain in Madhya Pradesh.
However, a passenger can carry such phones on board in switch off mode and in cabin baggage
Samsung last week suspended sales of its latest flagship smartphone and announced a recall of 2.5 million units already sold, after faulty batteries caused some handsets to explode during charging.
Air India has six Dreamliners and has ordered 21 more.
Samsung has advised consumers in 10 countries to trade their handsets for temporary replacement phones until it releases an updated flagship device.
