India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Investing.com -- Boeing's operational recovery is gaining traction following disruptions caused by a recent strike, according to Bank of America analysts in a note Tuesday. In a note, BofA highlighted key signs of improvement in the aerospace giant's production and delivery operations. The bank, citing Aero Analysis Partners/AIR (AAP/AIR), said: "In the past week alone, the company delivered three 737s, bringing the November total to four." The number of 737s in pre-delivery flights is also said to have increased, with AAP/AIR projecting three more deliveries by the end of the month. Additionally, BofA says production activity is on the rise, with 14 737 rollouts identified this month, nine of which were delayed due to the strike but have now progressed through the Final Assembly Line. Boeing's other programs are also showing signs of improvement, noted BofA. The analysts said the company completed its first 777 delivery since August, with another expected soon. On the 787 program, production appears stable, with AAP/AIR forecasting four to five rollouts in November, consistent with October levels. Furthermore, BofA highlighted that deliveries are gradually picking up pace, with one 787 delivered this month and another expected shortly. Five additional 787s are said to be on Boeing (NYSE:BA)'s Everett flightline, suggesting near-term delivery potential. Overall, Boeing's operational activity is reportedly accelerating, with 42 flights recorded last week across all programs -- representing 54% of the month's total flights. While BofA maintained a Neutral rating on Boeing stock with a price objective of $170, analysts noted that the recovery appears to be taking root.
BENGALURU - The fuel control switch went off within three seconds of take-off, leading both engines to shut down moments before the Air India Boeing 787 London-bound flight crashed in Ahmedabad, said a preliminary report by the Indian government. The 15-page report was released by India's Aircraft Accident Investigation Bureau (AAIB) late on July 11, detailing findings from its probe into the plane crash on June 12 that killed 260 people - 229 passengers, 12 crew members, and 19 individuals on the ground. Only one passenger miraculously survived. The crux of the preliminary report is its ...Read More >
Mumbai (Maharashtra) [India], July 13 (ANI): President of the Federation of Indian Pilots, Charanvir Singh Randhawa, on Sunday raised doubts over the preliminary report on the Air India AI171 crash, saying it fails to clarify who was in control of the cockpit and points to a possible electrical or software malfunction in the aircraft. Speaking to ANI, Randhawa said, 'The aircraft was actually being flown by the co-pilot, who was the one controlling the plane, while the captain, who was the pilot-in-command, was monitoring the flight. So, it's still unclear who made the key decisions. The prel ...Read More >
Hyderabad: In a significant boost for 'Make in India' and 'Atmanirbharta' in the aerospace and defence sector, and Hyderabad's growing stature as a global aerospace hub, the complete fuselage of the Rafale fighter jet will now be made in India at Hyderabad. This move marks the first time that these Rafale components will be manufactured outside France for the Indian as well as global markets.French aerospace major Dassault Aviation has signed four production transfer agreements with Tata Advanced Systems Ltd (TASL) for manufacturing key sections of the Rafale fighter jet, including the lateral ...Read More >
Investing.com -- India has declined an offer from the United Nations aviation agency to include one of its investigators in the probe of the Air India Boeing (NYSE:BA) 787-8 Dreamliner crash that killed 260 people in Ahmedabad on June 12, according to a Reuters report on Thursday. The International Civil Aviation Organization (ICAO) made the unusual move earlier this week by offering to provide investigative assistance without being asked. The ICAO requested that their investigator, who was already in India, be granted observer status in the investigation, but Indian authorities rejected this ...Read More >
The Aircraft Accident Investigation Bureau (AAIB) informed a parliamentary panel that the initial investigation report on the Air India Flight AI-171 incident in Ahmedabad is still pending, contrary to media reports. The AAIB clarified that the preliminary report will be released within 30 days of the June 12 crash, setting a timeline for the public disclosure of findings. The Aircraft Accident Investigation Bureau (AAIB) has clarified to a parliamentary panel that it has not yet submitted the i ...Read More >
New Delhi, Jul 12: Both switches feeding fuel to the two engines of Air India flight 171 were cut off followed by pilot confusion before the plane crashed in Ahmedabad, seconds after taking off, the first investigation report into the crash has revealed. It said that one pilot asked why he had shut off the fuel, and the other responded he didn't do it. The crash on June 12 was the first fatal disaster involving a Boeing 787, killing a total of 260 people -- all but one of the 242 people on board the aircraft died -- when the plane ploughed into a medical college hostel. The preliminary repo ...Read More >
New Delhi: The preliminary report into the tragic crash of Air India Flight 171, marking the first fatal disaster involving a Boeing 787 Dreamliner, offers technical details, a cockpit exchange, and a timeline that lasted barely 30 seconds after takeoff. But for all its clarity on what happened, what remains unclear, and increasingly questioned, is why Boeing's aircraft systems have not come under immediate scrutiny. In fact, the Aircraft Accident Investigation Bureau (AAIB) explicitly states: "At this stage of investigation, there are no recommended actions to B787-8 and/or GE GEnx-1B engi ...Read More >
New Delhi, July 12: Civil Aviation Minister Ram Mohan Naidu said on Saturday that the Aircraft Accident Investigation Bureau (AAIB)'s report on the Air India plane crash in Ahmedabad is based on preliminary findings and one should not jump into conclusions till the final report is made public. Speaking to reporters, he said we should not jump into any conclusions over this. "I believe we have the most wonderful workforce of pilots and crew in the whole world. I have to appreciate all the efforts the pilots and crew of the country are putting, they are the backbone of civil aviation," said the ...Read More >
New Delhi [India], July 12 (ANI): Former Directorate General of Civil Aviation (DGCA) Flight Operations Inspector Captain Prashant Dhalla on Saturday floated the idea of startle effect in play before the Air India flight 171 crashed in Ahmedabad shortly after departure while noting that it was premature to assume human error. Discussing the importance of understanding human factors in crash incidents, he noted that the preliminary report by the Aircraft Accident Investigation Bureau (AAIB) states the Ram Air Turbine (RAT) was out. On this basis, he pushed a theory that refers to pilots trying ...Read More >
NEW DELHI, July 14 (Reuters) - The Indian aviation regulator on Monday ordered Indian airlines to examine fuel switches on Boeing aircraft, including the 787 and 737 models, to check for any malfunctions in their locking mechanism. The Directorate General of Civil Aviation said it had issued the order after several Indian and international airlines began making their owns inspections of fuel switches. Reuters earlier reported that Air India Group had begun inspecting fuel switches on its Boeing 787 and 737 aircraft over the weekend and had discovered no problems yet. (Reporting by Abhijith G ...Read More >
Mumbai: Aviation regulator DGCA on Monday asked airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes, a move that comes days after the preliminary probe report into the Air India's Boeing 787 crash found that the switches were cut off before the accident last month. The Federal Aviation Administration (FAA), back in 2018, had flagged the potential disengagement of the fuel control switch locking feature on certain models of Boeing aircraft, including 787s and 737s. It was mentioned in a Special Airworthiness Information Bulletin (SAIB) but there was no airwort ...Read More >
The Aircraft Accident Investigation Bureau (AAIB) has submitted its initial findings to the Ministry of Civil Aviation regarding the catastrophic crash of Air India Flight AI-171 in Ahmedabad. The tragic accident, which occurred on June 12, involved a Boeing 787-8 Dreamliner en route to London and resulted in the loss of 241 lives, including former Gujarat Chief Minister Vijay Rupani. The AAIB's preliminary report -- compiled with assistance from global and domestic aviation experts -- marks the first formal insight into one of India's worst aviation disasters. The aircraft crashed shortly a ...Read More >
New Delhi [India], July 8 (ANI): Members of Parliament's Public Accounts Committee (PAC) on Tuesday raised serious concerns over aviation safety following the Air India Flight AI-171 crash in Ahmedabad and the sudden surge in flight fares from Srinagar to other cities after the recent terror attack in Pahalgam, according to sources. The Parliamentary panel today met with top officials from the Civil Aviation Ministry and representatives from major airlines. As per sources, several committe members have expressed strong dissatisfaction over the way various airlines drastically increased their ...Read More >
Bhopal: Nabha, the eight-year-old Namibian cheetah in the Kuno national park (KNP) in Madhya Pradesh on Saturday succumbed to injuries that she had sustained while hunting. She had been under treatment for a week for her injuries, KNP field director Uttam Kumar Sharma told this newspaper. "Nabha got badly injured a week back probably during a hunting attempt inside her soft release boma (large enclosure). She had fractures in both ulna (bone in the foreleg) and fibula (smaller of the two outer bones between knee and ankle) on the left side along with other injuries. Further details will be kn ...Read More >
The DGCA is expected to advise airlines using Boeing 787s to inspect the locking mechanism of fuel control switches, in the wake of the Air India crash preliminary report. Amid the ongoing probe with the Air India plane crash, the Directorate General of Civil Aviation (DGCA) is likely to instruct airlines to check the locking mechanism of fuel switches, according to CNBC-TV18. The report quoted sources as saying that the DGCA directive would be issued to airlines using Boeing 787 aircraft, and ...Read More >
New Delhi, Jul 14 (PTI) It was human error that led to the fuel switches being cut off before Air India's Boeing 787-8 plane crashed in Ahmedabad last month, and there also should have been more transparency in the AAIB's preliminary report on the accident, aviation expert Captain Mohan Ranganathan said on Monday. His comments come at a time when the pilots' associations have flagged concerns about speculations of possible pilot error for the AI 171 flight crash that killed 260 people on June 12. On Sunday, the Indian Commercial Pilots' Association (ICPA) said the crew of the flight acted in ...Read More >
Mumbai: Aviation regulator DGCA on Monday asked airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes, a move that comes days after the preliminary probe report into the Air India's Boeing 787 crash found that the switches were cut off before the accident last month. The Federal Aviation Administration (FAA), back in 2018, had flagged the potential disengagement of the fuel control switch locking feature on certain models of Boeing aircraft, including 787s and 737s. It was mentioned in a Special Airworthiness Information Bulletin (SAIB) but there was no airwort ...Read More >
VIJAYAWADA: The State government on Friday accorded approvals to a slew of industries. Among those are Krishnapatnam Power Corporation Limited (KPCL), which is set to establish a 350 MW Solar and Battery Energy Storage System (BESS) in Thamminapatnam and Mommidi villages of SPSR Nellore district with a Rs 1,225 crore investment, creating 575 jobs. Furthermore, the government also waived off a Rs 54 crore extension of time fee, contingent on project completion within two years as per the Andhra Pradesh Integrated Clean Energy Policy-2024. The government also allocated 22.80 acres at MPSEZ in N ...Read More >
NEW DELHI: A month after the deadliest aviation accident, the Air India 171 crash, a preliminary report is expected from the Aircraft Accident Investigation Bureau (AAIB), offering the first official insight into the cause of the Air India crash. The incident involved a Boeing 787 Dreamliner that went down just 30 seconds after takeoff in Ahmedabad on June 12, killing 241 people on board and over 30 on the ground. Only one passenger survived. The probe has been closely followed, with Bloomberg reporting fresh details citing people familiar with the matter.While the report is likely to be factu ...Read More >
Guwahati: A preliminary investigation report into the crash of Air India's Boeing 787-8 aircraft on June 12 in Ahmedabad has revealed that both engines shut down moments after take-off due to a shift in the fuel control switches. The incident claimed the lives of at least 260 people. Ready for a challenge? Click here to take our quiz and show off your knowledge! According to the report released by the Aircraft Accident Investigation Bureau (AAIB) late on Friday, the fuel switches for both engines transitioned from "RUN" to "CUTOFF" within seconds of the aircraft becoming airborne. The firs ...Read More >
Mumbai, Jul 12 (PTI) The Air India aircraft, which crashed soon after takeoff in Ahmedabad last month, might have suffered mechanical or power supply issues that could have led to the change in the position of the switches that feed fuel into the plane, according to experts. They also opined that the reasons for the change in fuel switch position will be known during further investigations. The Aircraft Accident Investigation Bureau's (AAIB) preliminary report has mentioned that fuel switches of engine 1 and 2 of the Boeing 787-8 aircraft were cut off within a gap of one second and later tur ...Read More >
Pune (Maharashtra) [India], July 12 (ANI): Aviation expert Sanjay Lazar on Sunday said that the preliminary report by the Aircraft Accident Investigation Bureau (AAIB) on the Air India flight 171 crash raises more questions than answers, and expressed that the investigative authority should have made the transcript of cockpit voice recorder (CVR) public. He said that informing the public about only "one line" from the cockpit conversations about "switches" raises more questions. Also Read | Air India Plane Crash: AAIB Report Preliminary, We Can't Say Anything Definite at This Point, Says MoS ...Read More >
NEW DELHI - A month after the worst aviation accident in India in decades, the authorities are poised to release a preliminary report into the catastrophe, offering the first official clues to what caused the aircraft to plummet back to the ground just 30 seconds after taking off. Investigators have revealed very few details since the Air India accident, and the report also stands to be basic and factual - if previous initial findings are any guide. The authorities are unlikely to draw definitive conclusions or assign blame, as their work continues in the coming months to piece together a co ...Read More >
New Delhi [India], July 12 (ANI): Civil aviation expert Sanat Kaul has said that the preliminary report by the Aircraft Accident Investigation Bureau (AAIB) on the Air India flight AI171 crash suggests that some fault within the aircraft led to the jet fuel switches turning off automatically during takeoff, causing the tragic crash that killed 260 people, including 229 passengers, 12 crew members, and 19 people on the ground. Speaking to ANI, Kaul said the report indicates that fuel supply to the aircraft engines was unexpectedly cut off during takeoff. From the report I have seen, there was ...Read More >
New Delhi, Jul 12 (PTI) Seconds before Air India flight 171 crashed while ascending from Ahmedabad, the fuel control switches of both its engines were cut off, a preliminary investigation report said on Saturday, suggesting a catastrophic pilot error in the cockpit of the Boeing 787 Dreamliner. The Airlines Pilots Association of India raised the issue with the report, saying the investigation is "shrouded in secrecy," appears to be biased against the pilot and has come to a conclusion hastily. A 15-page preliminary investigation report into the disaster revealed fuel-control switches of the ...Read More >
New Delhi, Jul 12 (PTI) A preliminary report has found that the fuel supply to both engines of Air India flight AI171 was cut off within a second of each other, causing confusion in the cockpit and the airplane plummeting back to ground almost immediately after taking off. The 15-page report says that in the cockpit voice recording, one unidentified pilot asked the other why he had cut off the fuel, which the other denied. On June 12, the London-bound Boeing 787 Dreamliner began to lose thrust almost immediately after taking off from the Ahmedabad airport and ploughed into a medical college ...Read More >
NEW DELHI, July 14 (Reuters) - The Indian aviation regulator on Monday ordered Indian airlines to examine fuel switches on Boeing aircraft, including the 787 and 737 models, to check for any malfunctions in their locking mechanism. The Directorate General of Civil Aviation said it had issued the order after several Indian and international airlines began making their owns inspections of fuel switches. Reuters earlier reported that Air India Group had begun inspecting fuel switches on its Boeing 787 and 737 aircraft over the weekend and had discovered no problems yet. Reporting by Abhijith G ...Read More >
New Delhi [India], July 14 (ANI): India's civil aviation regulator, Directorate General of Civil Aviation (DGCA) on Monday issued an urgent directive mandating Indian operators of specific Boeing aircraft models to conduct inspections of the engine fuel control switch locking mechanisms by July 21. Also Read | Maharashtra Govt To Invoke MCOCA Against Drug Dealers and Peddlers, Says CM Devendra Fadnavis. The move comes days after report of preliminary investigation into the crash of Air India flight AI 171 in Ahmedabad in which killed 260 people. The directive enforces compliance with the Fe ...Read More >
NEW DELHI - A preliminary report into the Air India crash that killed 260 people in June showed three seconds after taking off, the plane's engines' fuel cutoff switches almost simultaneously flipped from run to cutoff, starving the engines of fuel. The Boeing 787 Dreamliner immediately began to lose thrust and sink down, according to the report released on July 12 by Indian aviation accident investigators. One pilot can be heard on the cockpit voice recorder asking the other why he cut off the fuel. "The other pilot responded that he did not do so," the report said. It did not identify whi ...Read More >
New Delhi, Jul 12 (PTI) Fuel control switches of the Air India plane were cut off and later turned on before it crashed in Ahmedabad on June 12, killing 260 people, according to the preliminary report by AAIB which also noted that there is no recommended action for now for the operators of Boeing 787-8 operators. Releasing its 15-page report, a month after the fatal plane accident that happened in around 30 seconds after lift off, the Aircraft Accident Investigation Bureau (AAIB) on Saturday also said fuel samples taken from bowsers and tanks used to refuel the aircraft were tested at the DGC ...Read More >