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.
New Delhi [India], July 1(ANI): An Air India flight en route to Vienna from Delhi experienced a serious mid-air incident on June 14, during which the aircraft suddenly lost altitude by nearly 900 feet, prompting an investigation by the Directorate General of Civil Aviation (DGCA). Air India, in an official statement, confirmed that both pilots involved in the incident have been removed from active duty pending the outcome of the probe. The airline stated that the matter was reported to the DGCA immediately, by aviation regulations. Also Read | India Developing Its Own Bunker-Buster Missile? Reports Say DRDO Modifying Agni-5 ICBM To Carry Massive Conventional Warhead. 'Upon receipt of the pilot's report, the matter was disclosed to DGCA following regulations. Subsequently, upon receipt of data from the aircraft's recorders, further investigation was initiated. The pilots have been off-rostered pending the outcome of the investigation," an airline spokesperson said. According to sources, the DGCA has ordered a probe, and an investigation is currently underway. Also Read | Rajnath Singh Speaks to US Defence Secretary Pete Hegseth, Appreciates 'Unwavering Support' in Fight Against Terrorism. This event occurred just two days after a tragic crash involving another Air India flight departing from Ahmedabad, which resulted in the deaths of all but one person on board. The close timing of the two incidents has heightened scrutiny over flight safety and regulatory oversight. Earlier, the DGCA safety audit revealed recurring maintenance issues and inadequate rectification of defects across Air India's fleet. These findings follow a string of technical snags reported on multiple Air India flights earlier this month. As part of the ongoing investigation, authorities will examine several possible causes, including adverse weather conditions, mechanical failures, or pilot error. They may recommend stricter inspections or revisions to operational procedures. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
New Delhi [India], June 7 (ANI): The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables. The simplification of GFRs will reduce delays and enhance autonomy and flexibility for the research organisations. Under the new rules, the Finance Ministry said that Vice Chancelors, Dierectors and academic institutions under specified departments and ministries will be able to make non-Government e-Marketplace (GeM) procurement of scientific equipment and consumables. As per the notification of the Finance Min ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Mumbai: Air India has issued a statement explaining the reason behind the delay in the take off of the Bangkok-bound Air India Flight AI 2354, on June 25. The flight was delayed for more than 5 hours after hay was discovered lodged beneath the left wing of the aircraft, the airline confirmed in a statement. Reportedly, Flight AI 2354, operated by an Airbus A320Neo, was scheduled to depart Mumbai at 7:45 AM but took off only around 1:00 PM. The airline's immediate action in the matter resulted in the quick removal of the hay, stated the airline. The aircraft was subsequently deemed fit for ope ...Read More >
Prayagraj (Uttar Pradesh) [India], February 7 (ANI): Bihar Governor Arif Mohammed Khan arrived at the Mahakumbh in Prayagraj on Friday and said that the 'Sanatana' culture embodies the oneness of being and that all the differences dissolve in it. Speaking to the media here, Arif Khan highlighted the Indian culture of seeing divinity in humanity, asserting that "manav" (humans) are a reflection of "Madhav" (God). Khan also noted that India's heritage, values, and ideals continue to be celebrated at the Mahakumbh, fostering unity among people beyond personal familiarity. "We should always not ...Read More >
New Delhi, May 22 (SocialNews.XYZ) The pilots of the IndiGo plane, which was damaged in rough weather en route to Srinagar, were denied permission by the Lahore ATC to venture briefly into Pakistan airspace to escape the hailstorm, in complete violation of humanitarian norms. India's civil aviation regulator, the DGCA, said the aircraft was cruising at an altitude of approximately 36,000 feet near Punjab's Pathankot when it ran into a thunderstorm and hailstorm. Experiencing severe turbulence, the crew first requested the Northern ATC of the Indian Air Force to allow the flight to deviate to ...Read More >
NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi's high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force. Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India's biggest airlines are ploughing ahead with orders for new planes, following record deals two year ...Read More >
New Delhi [India], June 7 (ANI): The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables. The simplification of GFRs will reduce delays and enhance autonomy and flexibility for the research organisations. Also Read | PM Narendra Modi To Visit Odisha on June 20 To Attend BJP Govt's First Anniversary Function, Says State Minister Suresh Pujari. Under the new rules, the Finance Ministry said that Vice Chancelors, Dierectors and academic institutions under specified departments and ministries will be abl ...Read More >
New Delhi [India], June 8 (ANI): Prime Minister Narendra Modi on Sunday emphasised that women's empowerment is vital to India's growth, highlighting a shift in societal perspective where women are no longer limited to traditional roles. Instead, they are recognised as key drivers of progress, contributing significantly to the nation's development. The BJP-led NDA government at the centre released a book highlighting its achievements in empowering women over the last 11 years. As the NDA completes its 11 years in government, the book highlights various key schemes, such as Beti Bachao Beti Pa ...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 >
New Delhi [India], June 27 (ANI): A non-specific security alert was detected on one of Air India's aircraft on Friday. The aircraft was cleared for the next flight after standard security procedures, the Air India spokesperson said. A statement issued by the Air India spokesperson said, "A non-specific security alert was detected on one of our aircraft. Standard security procedures were duly carried out, and the aircraft has been cleared for the next flight. Air India accords top priority to the safety and security of its passengers and crew." Also Read | Shimla Shocker: Private School Princ ...Read More >
Puri (Odisha) [India], June 27 (ANI): The grand annual Rath Yatra of Lord Jagannath commenced in Odisha's Puri on Friday, as thousands of devotees began pulling the majestic chariots of Lord Jagannath, Lord Balabhadra, and Devi Subhadra from the Jagannath Temple to the Gundicha Temple, amidst chants, drumbeats, and spiritual fervour. Following the completion of key rituals, including the sacred 'Chhera Pahanra' (sweeping ceremony) performed by Gajapati Maharaja Dibyasingha Deb, the deities were ceremonially placed on their respective chariots -- Nandighosha, Taladhwaja, and Darpadalana. Also ...Read More >
Mhow, Jun 7 (PTI) In a disturbing incident, a stray dog was seen clutching a dead newborn in its jaws near the toilet of a government hospital in Madhya Pradesh's Indore district on Saturday before a security guard managed to retrieve the body after shooing away the animal. Authorities at the civil hospital in Mhow, some 25 kilometres from the district headquarters, and police have begun a probe into the antecedents of the newborn and the chain of events that followed. ...Read More >
Kolkata, Dec 6 (PTI) Air India Express, the budget-carrier arm of Air India, is embarking on a significant expansion by increasing its fleet size and introducing new routes, as passenger growth remains robust. The airline, however, has deferred plans to launch direct flights between Kolkata and Dhaka, citing the ongoing political crisis in Bangladesh. "You would recall we had announced our operational plan for Dhaka, which is a new and significant market for us. But because of the situation there, we have deferred those plans," Aloke Singh, Managing Director of Air India Express, said. "As ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
NEW DELHI, June 26 (Xinhua) -- The Indian government said on Thursday that the black box data of crashed Air India Flight AI-171 has been downloaded to reconstruct the sequence of events leading to its crash recently in the western Indian state of Gujarat. According to India's federal civil aviation ministry, the analysis of Cockpit Voice Recorders (CVR) and Flight Data Recorders (FDR) data was underway. The ministry said the Aircraft Accident Investigation Bureau promptly initiated an investigation and constituted a multidisciplinary team on June 13 in accordance with international norms an ...Read More >
Mumbai: Recurring aircraft defects, unserviceable ground handling gear, and faded runway markings are among a range of safety lapses discovered by the civil aviation regulator after an intensive survey of key airports including Delhi and Mumbai. The Directorate General of Civil Aviation (DGCA) has ordered airport operators and airlines to address these safety concerns within a week. The inspections come on the heels of the June 12 crash of an Air India plane in Ahmedabad, killing 241 people on ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
Ahmedabad, June 27: Union Home Minister Amit Shah began his Gujarat visit on a spiritual note early Friday morning by participating in the Mangala Aarti at the historic Shri Jagannathji Temple in Jamalpur, Ahmedabad. The visit coincides with the auspicious occasion of the annual Shri Jagannath Rath Yatra, a major religious event that draws thousands of devotees every year. Arriving at the temple at 3:15 a.m., HM Shah joined in the sacred rituals and offered prayers to Mahaprabhu Jagannath. Sharing his experience on social media platform X, he posted, "On the sacred occasion of Rath Yatra, par ...Read More >
MUMBAI -- Investigators have recovered flight recorder data from the Air India crash earlier this month, the civil aviation ministry has confirmed, marking a key step in the probe. At least 270 people were killed when the London-bound Boeing 787-8 Dreamliner crashed less than a minute after taking off on 12 June from Ahmedabad airport in western India. Investigators had earlier recovered both sets of Enhanced Airborne Flight Recorders (EAFRs) - the "black boxes" - from the Boeing 787 crash site on 13 and 16 June - one from a rooftop, the other from the debris. It could be several weeks befo ...Read More >
Bhubaneswar (Odisha) [India], December 3 (ANI): Producer Ektaa R Kapoor on Tuesday met with Odisha Chief Minister Charan Majhi in Bhubaneshwar. Visuals from the meeting surfaced online in which CM Mohan Charan Majhi and Ektaa could be seen exchanging warm pleasantries. Also Read | 'The Sabarmati Report': Union Home Minister Amit Shah Praises Vikrant Massey Starrer for Revealing the Truth Behind Godhra (View Post). Ektaa also visited Lingaraja Temple and offered prayers there. Notably, on Monday, Ektaa along with the team of 'The Sabarmati Report' attended a special screening of the film wi ...Read More >
New Delhi: Aviation watchdog DGCA will soon come out with streamlined regulations for wet-leasing of planes by Indian airlines that will also entail enhanced oversight of the aircraft, amid airlines looking to operate more planes to meet rising travel demand. With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases. A senior official in the know told PTI that the efforts are on to streamline the regulations for wet-leasing of planes to assist in the growth of the aviation. "Realities of the ...Read More >
India's Indigenous Light Tank: A Key Weapon System For High-Altitude Combat Friday, December 13, 2024 by Indian Defence News India's indigenous light tank, Zorawar, represents a significant advancement in the country's defence capabilities, particularly for operations in high-altitude regions. Developed by the Defence Research and Development Organisation (DRDO) in collaboration with Larsen & Toubro (L&T) and supported by various Micro, Small, and Medium Enterprises (MSMEs), the Zorawar is designed to meet the operational demands highlighted during the 2020 standoff with China in Eastern Lada ...Read More >
Silchar: Assam chief minister Himanta Biswa Sarma on Friday visited the flood-ravaged districts of Hailakandi and Sribhumi in the Barak Valley. He assured affected residents of providing timely disbursement of rehabilitation grants and swift repair of damaged infrastructure.This marks Sarma's second visit to the flood-hit region within four days, underscoring the gravity of the situation. Speaking to the media in Sribhumi after inspecting multiple relief camps, the CM said, "Flood-related problems may persist till July. I will return before Durga Puja to ensure that roads and infrastructure ar ...Read More >
Rudraprayag (Uttarakhand) [India], June 7 (ANI): A helicopter carrying five devotees en route to Kedarnath Dham made an emergency landing on a national highway near Bharasu in Uttarakhand's Rudraprayag district on Saturday, temporarily disrupting traffic in the region, officials said. According to officials, the chopper - an AW119 operated by Kestrel Aviation Private Limited - developed a sudden technical fault during takeoff, prompting the pilot to carry out a hard but controlled landing on the nearby road. Also Read | ICU Horror at ESIC Medical College in Rajasthan: 32-Year-Old Woman Alleg ...Read More >
June 25 (Rtrs) - India would not allow a UN investigator to join a probe of a crashed Air India jet that some safety experts had criticized for delays in analysis of crucial black box data, two senior sources familiar with the matter told Reuters. Earlier this week, the United Nations aviation agency took the unusual step of offering India one of its investigators to provide assistance following the Boeing (BA.N), opens new tab 787-8 Dreamliner crash killing 260 people in Ahmedabad on June 12. ...Read More >
Mumbai, Jun 27 (PTI) Maharashtra on Friday recorded 13 new cases of COVID-19, which took the tally of infections to 2,462, and one death, the health department said. A 65-year-old woman suffering from comorbidities, including rheumatoid arthritis, died in Kolhapur, an official said. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. Since January 1, the state has recorded 2,462 COVID-19 cases and 37 deaths, the department said. Also Read | Did 21-Year-Old Muslim Ma ...Read More >
Jaisalmer (Rajasthan) [India], January 13 (ANI): India's indigenous Anti-Tank Missile, Nag Mk 2, the third-generation Anti-Tank Fire-and-Forget Guided Missile successfully completed its field evaluation trials at the Pokhran Field Range in Rajasthan in the presence of senior officers of the Indian Army. There were three field trials conducted, with the missile systems destroying all the targets precisely- maximum and minimum range, thus validating its firing range. Also Read | 'People of India Reaffirmed Their Trust in PM Narendra Modi': Ashwini Vaishnaw Slams Meta CEO Mark Zuckerberg Over H ...Read More >
New Delhi [India], June 7 (ANI): Defence Minister Rajnath Singh on Saturday asserted that India has demonstrated a successful strategy to defeat terrorism, laying out five key positions on how the global community can uproot such activities, and assured retaliation against Pakistan-sponsored terrorism while showing zero tolerance against this menace. In an article titled 'We've shown how to defeat terror,' published in an English Daily, Singh reflects on India's response to the April 22 Pahalgam terror attack and India's subsequent response through Operation Sindoor, emphasising the nation's ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >