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.
Hyderabad, Jul 7 (PTI) GMR Aero Technic, India's leading airframe Maintenance, Repair and Overhaul (MRO) organisation, on Monday said it has signed a three-year agreement with Akasa Air, for base maintenance support of its Boeing 737 MAX fleet. A press release from GMR said under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air's fleet at its state-of-the-art MRO facility, located within the GMR Aerospace & Industrial Park here. For Akasa Air, this partnership underscores its commitment to maintaining a modern, efficient fleet that upholds the highest standards of safety and reliability. For GMR Aero Technic, it reinforces its growing stature as a trusted partner to India's leading airlines and reflects the increasing confidence of domestic carriers in the country's evolving MRO ecosystem, it said. Ashok Gopinath, President and Accountable Manager, GMR Aero Technic, said, "We are delighted to embark on this partnership with Akasa Air for their C Check maintenance requirements. This collaboration stands as a testament to the confidence that forward-looking airlines place in our technical proficiency, operational integrity, and customer-centric approach. Belson Coutinho, Co-Founder and Chief Operating Officer, Akasa Air, said, "At Akasa Air, we place utmost importance on the safety and reliability of our fleet. Partnering with GMR Aero Technic for base maintenance aligns with our commitment to maintaining the highest technical standards as we scale rapidly. This collaboration is also a testament to our support for the growing MRO ecosystem in India, and we look forward to a productive and seamless partnership." PTI GDK ROH
New Delhi [India], July 9 (ANI): Senior officials of the Aircraft Accident Investigation Bureau (AAIB) told a parliamentary panel on Wednesday that the preliminary report on the plane crash in Ahmedabad is likely to be placed in the public domain in the next few days, sources said. Parliament's Standing Committee on Transport, Tourism and Culture met here on Wednesday with members making queries and seeking clarifications on the issue of safety and aircraft maintenance. The members, sources said, talked about the vast expansion of air sector in India, the projected growth and the need to exp ...Read More >
BEML Ltd. has secured a ₹157.33 crore order from the Defence Ministry to supply 79 Power Angling & Tilting Bulldozers. These bulldozers will support critical infrastructure and snow-clearing along India's borders. This follows BEML's successful completion of a previous order for 66 bulldozers, delivered on time. BEML emphasizes its commitment to indigenous defence manufacturing through in-house R&D and production facilities. BEML Ltd, a public sector undertaking, on Friday said it has been awa ...Read More >
The Boeing 747 Jumbo stands out for being the most popular quad-engined commercial passenger jet to exist. It also boasted the longest production run of any commercial jet in its class. But why was it designed with four engines and not two, three, or even six? When answering this question, it is necessary to look back in time to the 1960s when the original 747-100 was developed. Put simply, the 747 has four engines to meet the Boeing 747-100 performance requirements. In the 1960s, engine technol ...Read More >
New Delhi, Feb 23 (PTI) Days after a Tejas jet of the Indian Air Force sustained some damage at a frontline airbase, its manufacturer Hindustan Aeronautics Ltd (HAL) on Monday described the incident as a "minor" one. The state-run aerospace major, however, did not give specific details of the incident involving the Light Combat Aircraft (LCA). "There has been no reported crash of the LCA Tejas. The event in question was a minor technical incident on ground," a spokesperson for HAL said. "LCA Tejas maintains one of the world's best safety records among contemporary fighter aircraft. As a sta ...Read More >
New Delhi, Mar 31 (PTI) Zetwerk Manufacturing Businesses has filed preliminary papers with markets regulator Sebi through the confidential route for an initial public offering (IPO) to raise between Rs 4,000 crore and Rs 5,000 crore. The proposed offering is expected to comprise a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders, with details on issue size and valuation to be finalised through the book-building process, people familiar with the development said. The manufacturing marketplace counts investors such as Khosla Ventures, Baillie Gifford, Rakesh Ga ...Read More >
New Delhi, Apr 2 (PTI) The Indian Air Force's Tejas light combat jets are set to return to the skies next week, two months after the entire fleet was grounded following an accident involving one of the aircraft at a frontline airbase. D K Sunil, the Chairman and Managing Director of the Hindustan Aeronautics Limited (HAL), the manufacturer of the jets, said the entire fleet of 34 Tejas will fly most likely from April 8 as the glitch found onaboard the aircraft's software has been resolved. "All the Tejas jets are set to fly again from next Wednesday," he said. The fleet was grounded in the ...Read More >
Lucknow, Jul 14 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state's health services must be made future-ready to keep pace with global advancements and effectively respond to emerging challenges. He was speaking at the foundation stone laying and inauguration ceremony of various health projects worth Rs 1,000 crore at King George's Medical University (KGMU) here. Deputy Chief Minister Brajesh Pathak, who also holds the Health portfolio, and Medical Education Minister Mayankeshwar Sharan Singh were present on the occasion. The chief minister said institutions like K ...Read More >
Mumbai, Sep 12 (PTI) Godrej Enterprises Group's aerospace business on Friday said it has secured a mandate to manufacture critical LEAP engine components for Safran Aircraft Engines as part of a five-year contract. LEAP engines are manufactured by CFM International, a joint venture between GE Aerospace and Safran Aircraft Engines. These engines largely power next-generation narrow-body aircraft. Under the contract, GEG will develop titanium material-based complex ventilation assemblies for LEAP engines, it said, adding the production will involve complex machining, precision welding, and adv ...Read More >
IT and Human Resources Development (HRD) Minister Nara Lokesh will launch the GMR MANSAS Educity Project coming up at Bhogapuram on Tuesday (December 16, 2025). This initiatve is part of the State government's plan to establish the country's first Aviation, Aerospace, Defence (AAD) educational city. According to an official release, the aviation, aerospace and defence sectors in India are developing at a rapid pace. Passenger footfall is projected to reach 700 million across the 200 airports in ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
Mumbai, July 14 (SocialNews.XYZ) Actress Neetu Kapoor treated the netizens with an unseen picture of her late actor husband Rishi Kapoor from the 1984 General elections. Posting a black and white photo of Rishi Ji standing in the queue to cast his vote. The 'Do Dooni Chaar' actor was seen smiling as he posed in a shirt and denim, paired with a stylish cap. Neetu keeps on sharing such fond memories with her late husband on social media from time to time. On April 30, Neetu marked Rishi Kapoor's fifth death anniversary by fondly remembering his vibrant spirit and love for life. The 'Jugjugg ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
As a part of the new agreement between Mazagon Dock and BEML, Mazagon Docks will make facilities available to BEML's research team in exchange for their technical support to design and manufacture strategic equipment, reported PTI. The government-owned BEML Ltd. (formerly known as Bharat Earth Movers Ltd) announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. According to the company statement cited by the agency, the company aims to leverage the opportunity to expand its e ...Read More >
New Delhi, Jan 17 (PTI) IT service provider Tech Mahindra on Friday announced the opening of an advanced Manufacturing Experience Centre at its Chennai campus. The centre was inaugurated by Mahindra Group chairman Anand Mahindra and Tech Mahindra CEO Mohit Joshi, according to a company statement. The centre will help manufacturers to quickly prototype and scale AI-based innovations to tackle industry issues like high operational expenses, inefficiencies in processes, supply chain disruptions, and complex operational challenges. Additionally, it will function as a hub where customers can vis ...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 >
Hyderabad: AkasaAir has signed a three-year agreement with GMR Aero Technic for base maintenance and support for its Boeing 737 MAX fleet.Currently, the airline has 30 Boeing 737 MAX planes. GMR Aero Tech is aIndia's leading airframe maintenance company. "under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air's fleet at its state-of-the-art MRO facility, located within the GMR Aerospace & Industrial Park here," said GMR in a release on Monday. "Under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air's ...Read More >
New Delhi, Jul 18 (PTI) State-owned BEML on Friday announced it has bagged a government order worth Rs 185.65 crore for supply of 79 units of bulldozers. The company has bagged the order from the Ministry of Defence (MoD), BEML said in an exchange filing. Also Read | PM Kisan Samman Nidhi Yojana 20th Installment Date: Eligible Farmers To Receive INR 2000 Into Their Bank Accounts on This Date, Know Steps To Check Your Name in Beneficiary List. "BEML Ltd secures MoD order worth Rs 185.65 crore for the supply of 79 units of its flagship Power Angling & Tilting (PAT) bulldozers," it said. The ...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 >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
Hyderabad (Telangana) [India], September 26 (ANI): The Telangana government is working with a clear vision to position the State as the 'Aerospace Capital of India', said IT and Industries Minister Duddilla Sridhar Babu on Friday. According to a release, the Minister chaired a brainstorming session with leading aerospace entrepreneurs and experts at the Dr B.R. Ambedkar Telangana Secretariat, organised in collaboration with the FICCI Telangana Aerospace and Defence Committee. The discussions focused on strengthening the State's aerospace ecosystem, strategies for future growth, and policy mea ...Read More >
Hyderabad: A large metal panel from the ceiling of an aerobridge at Hyderabad airport fell on an Air India Express passenger's head, causing internal injuries and leaving him dazed and giddy. Deepak Adoni, a US citizen who came to India on work, told PTI that he was among the first few passengers to exit the flight that arrived from Bengaluru on Sunday afternoon. "I had taken a few steps when the heavy panel fell on my head, and I instinctively held on to the railing to steady myself, not knowing what hit me," Adoni, 63, said on Monday. He said a young woman behind him, Zainab Sayed, rushed ...Read More >
New Delhi, Apr 8 (PTI) The Bharat Earth Movers Limited (BEML) under Ministry of Defence has signed an MoU with the Delhi Metro Rail Corporation to collaborate on metro rail projects in India and overseas, marking a step towards expanding integrated urban mobility solutions. The MoU seeks to establish a framework for cooperation between the two organisations to jointly identify, pursue and execute metro projects across domestic and international markets and the partnership will leverage BEML's manufacturing strength and DMRC's expertise in project implementation and operations, according to a ...Read More >
Mumbai, June 29 (SocialNews.XYZ) It was a belligerent, brilliant, and breathtaking performance from the Chennai Bulls, who were crowned the first ever champions of the Rugby Premier League, here in Mumbai, at the Shahaji Raje Bhosale Sports Complex. The Chennai Bulls thrashed the Delhi Redz by a scoreline of 41-0 in the final, to clinch the title. In fact, the margin of victory is the biggest across Season 1 of the GMR RPL. Meanwhile, the Hyderabad Heroes, who had finished top of the table in the league stage, came away with a third-place finish, after they won 17-12 against the Bengaluru Bra ...Read More >
New Delhi, Sep 25: The defence ministry on Thursday sealed a Rs 62,370 crore deal with the Hindustan Aeronautics Ltd (HAL) to procure 97 Tejas MK-1A light combat aircraft for the Indian Air Force. The signing of the contract came over a month after the Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi green-lighted the mega procurement. The delivery of the Light Combat Aircraft (LCA) would commence in 2027-28 and the supplies will have to be completed over a period of six years, officials said. "The Ministry of Defence signed a contract with Hindustan Aeronautics Li ...Read More >
Eknath Chitnis was handpicked by Vikram Sarabhai to develop the country's space programme and played a key role in establishing the Indian Space Research Organisation (Isro). Veteran space scientist Professor Eknath Vasant Chitnis passed away in Pune on Wednesday. He was 100. Among the pioneers of the country's space programme, Chitnis had played a key role in establishing the Indian Space Research Organisation (Isro). Handpicked by Vikram Sarabhai, the father of India's space programme, Chitni ...Read More >
New Delhi: The Indira Gandhi International Airport's revamped Terminal 2 (T2) was inaugurated on Saturday by Civil Aviation minister K Rammohan Naidu. T2, which became operational with the start of the winter schedule, was upgraded under Delhi International Airport Ltd's (DIAL) modernisation plan to make the airport more efficient and passenger-friendly.Calling the project a "symbol of a connected, competitive and caring India," Naidu said the redevelopment reflects the govt's focus on world-class aviation infrastructure to meet the growing demands of air travellers. The Delhi airport handles ...Read More >
New Delhi, May 23 (PTI) GMR Airports saw its consolidated loss widen to Rs 253 crore in the three months ended March 2025 even as total income rose during the same period. The company had a loss of Rs 168 crore in the year-ago period. The figures are after tax for continuing operations. According to a regulatory filing on Friday, GMR Airports' total income climbed to Rs 2,977 crore in the fourth quarter of 2024-25 financial year from Rs 2,570 crore in the year-ago period. For the 2024-25 fiscal, the company's loss narrowed to Rs 817 crore from Rs 829 crore in the same period a year ago. D ...Read More >
New Delhi [India] October 17 (ANI): In a major boost to India's 'Atmanirbhar Bharat' initiative, Mahindra Group and Brazil's Embraer Defense & Security on Friday announced a strategic cooperation agreement to introduce the C-390 Millennium military transport aircraft in India. The agreement, signed during the inauguration of Embraer's national office in New Delhi, aims to advance the C-390 Millennium solution for the Indian Air Force's Medium Transport Aircraft (MTA) programme. Also Read | 'Thamma' Ignites Diwali Fever: Advance Bookings Soar for Maddock Films' Horror Comedy Starring Ayushman ...Read More >
Nagpur: Warrior king Chhatrapati Shivaji Maharaj belonged to the entire country, but British history tried to confine him as a regional icon, said BJP leader and Rajya Sabha MP Sudhanshu Trivedi, who was in Nagpur on Friday to attend an event marking the 351st anniversary of Shivaji Maharaj's coronation. Trivedi told TOI at the event organized by Shivaji Maharaj Kruti Samiti that Shivaji Maharaj's contribution in 'safeguarding' the southern part of India from Mughal invasion must not be forgotten.Trivedi said, "Shivaji Maharaj belonged to all of us, entire country. Unfortunately, the British p ...Read More >