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, July 9 (SocialNews.XYZ) The ongoing investigation into the cause of the June 12 crash of Air India flight 171 has "narrowed its focus to the movement of the engine fuel control switches," according to a report in the reputed aviation journal Air Current. The article cites "multiple people with knowledge of the investigation," as the sources of its information for the report. Sources told Air Current that the black box data does not confirm whether the switches were moved by mistake, on purpose, or due to some other issue before or after the apparent loss of thrust. Moving a fuel control switch from "RUN to CUTOFF" in flight would cause the fuel supply to stop flowing to the associated engine. This may result in its immediate shutdown and the loss of any thrust, according to Air Current. That would also stop the two electrical generators on each engine from providing power to many of the aircraft's systems and some of its cockpit displays. US aviation safety expert John Cox told Air Current that a pilot would not be able to accidentally move the fuel switches that feed the engines. "You can't bump them, and they move," he said. Engine fuel control switches in Dreamliner 787 (RUN and CUTOFF) are used on the ground for engine start or shutdown. Moving a fuel control switch from RUN to CUTOFF in flight would cause the fuel supply to stop flowing to the associated engine. This may result in its immediate shutdown and the loss of any thrust, according to the Air Current report. That would also stop the two electrical generators on each engine from providing power to many of the aircraft's systems and some of its cockpit displays. The Air Current report also states that ''the lack of any kind of advisory warning from Boeing or GE operators, known as a multi-operator message (MOM) or all-ops wire, in the 13 days that have followed the initial black box reading in Delhi by the AAIB on June 25 is a key signal that a mechanical failure is not immediately suspected as the likely cause of the crash.'' There was, however, no official reaction on the Air Current report. Meanwhile, India's Aircraft Accident Investigation Board (AAIB) has submitted its preliminary report to the Civil Aviation Ministry on the tragic crash of the London-bound Boeing Dreamliner in Ahmedabad. The report is expected to be made public soon. India, as a member of the International Civil Aviation Organisation (ICAO), is expected to release the report within 30 days of the incident. It is, therefore, widely believed that the preliminary report will be released on or before July 11. The official investigation into the crash is being led by AAIB officials and includes technical members from the Indian Air Force, Hindustan Aeronautics Limited (HAL), and the National Transportation Safety Board (NTSB) from the United States, which is the official investigative agency of the country of the aircraft's design and manufacture. More than 270 people were killed when AI-171 on a flight from Ahmedabad to London-Gatwick on June 12 crashed within 35 seconds of taking off. One passenger on the Dreamliner had a miraculous escape.
Pune Airport is set to boost international travel with new daily flights to Dubai and bi-weekly flights to Bangkok, starting October 27. Pune is gearing up to enhance its international flight connectivity with the launch of new routes beginning October 27.The city will soon have a daily flight to Dubai and a bi-weekly service to Bangkok. This announcement was made on Thursday by Murlidhar Mohol, the Minister of State for Civil Aviation. Currently, Pune airport caters to two international destinations. A prominent route from Pune is the well-established Dubai flight, currently operated by Spi ...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 >
New Delhi: As the investigation into the tragic crash of Air India Flight AI-171 continues, Minister of State for Civil Aviation Murlidhar Mohol has confirmed that "possible sabotage" is one of the aspects under scrutiny. His statement follows the launch of a comprehensive investigation by the Aircraft Accident Investigation Bureau (AAIB), which is currently analysing data from the aircraft's black boxes. The crash occurred on June 12, shortly after the Boeing 787-8 Dreamliner took off from Ahmedabad, resulting in the deaths of 241 of the 242 people on board. The final death toll now stands a ...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 >
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 >
Bhuj, Jun 29 (PTI) Anil Khimani, the last victim of the horrific June 12 Ahmedabad plane crash identified through DNA tests, has been cremated in Gujarat's Kutch district, bringing closure to the family after two weeks of wait and distress that included submission of samples twice. The 35-year-old, a mason by profession and father of two minor daughters, was on his way to London on Air India Flight 171 to meet relatives when it crashed into a medical college complex in Meghaninagar shortly after taking off from Sardar Vallabhbhai Patel International Airport in what turned out to be one of the ...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 >
Mumbai, Jun 27 (PTI) India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion in September 2024. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shortcomings' Matter of Concern. For the week ended June 20, foreign currency assets, a major component ...Read More >
New Delhi, Jun 26: India's Aircraft Accident Investigation Bureau (AAIB) has begun the critical analysis of the black boxes recovered from the wreckage of Air India Flight AI-171, which crashed earlier this month. The Civil Aviation Ministry confirmed that all investigation steps are being carried out as per international norms laid down by the International Civil Aviation Organization (ICAO). As a signatory to the ICAO's 1944 Chicago Convention, India investigates aircraft accidents in line with ICAO's Annex 13 and under the Aircraft (Investigation of Accidents and Incidents) Rules, 2017. Th ...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 >
New Delhi, Jun 27 (PTI) Equity investors became richer by Rs 12.26 lakh crore as stock markets surged for the fourth day in a row on Friday amid de-escalation in geopolitical tensions and softening crude oil prices in international markets. On Friday, the BSE benchmark Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settled at 84,058.90. During the day, the Sensex jumped 333.48 points or 0.39 per cent to 84,089.35. Also Read | Ahmedabad Plane Crash Probe: Parliamentary Committee To Grill Boeing and Air India Executives, DGCA Officials; Sources Say 'Multiple Shor ...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 >
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 >
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 >
Gurgaon: Two days after a law student died and his friend suffered critical injuries when a car knocked them down as they stood near railing on the service lane of Delhi-Jaipur highway in the early hours of Tuesday, a civil engineer was arrested on Thursday.Mohit (31), an employee of a private company in the city, told police that he got drowsy while driving. He is staying at a PG facility in Sector 14.The student who died, Harsh Singhal (25), was a resident of Om Nagar colony. His friend Abhishek Kumar (23), who is from Shanti Nagar in Sector 11, is undergoing treatment at a private hospital ...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 >
MUMBAI/NEW DELHI: Following public backlash over a video showing Air India SATS executives partying in their Gurugram office shortly after the June 12 Air India flight 171 crash, Tata Group has taken disciplinary action against several people.Four senior officials were suspended from Air India SATS, while multiple others were issued a warning, the company said on Friday.The video, which garnered over 3.8 million views on X, captured several executives dancing with loud music playing during a cele ...Read More >
'As humans, we haven't changed much' IMAGE: India's first man in space, Rakesh Sharma, reflects on his journey and India's future in space travel. Photograph: Courtesy Ministry of Defence Astronaut Rakesh Sharma, the first Indian to journey into space in 1984, says space travel alters the mindset of humans and makes them see the world from a perspective that "this planet belongs to everyone" and not a sole preserve of anyone. He shared his thoughts in a recorded podcast shared by the Ministry ...Read More >
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. Addit ...Read More >
New Delhi [India], June 8 (ANI): Amid the ongoing Operation Sindoor against Pakistan, the Defence Ministry is going to take up Rs 10,000 crore proposal to buy three sophisticated spy planes to help Indian Air Force get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other mobile objects. The Rs 10,000 crore project for the Intelligence, Surveillance, Target Acquisition and Reconnaissance (I-STAR) is expected to be taken up for clearance at a high-level defence ministry meeting scheduled to be held in the four ...Read More >
Pune: Civil aviation experts sought more action against rampant and illegal construction activities near Lohegaon airport, citing that flights' funnel zone was at risk of being compromised.Referring to the Pune Municipal Corporation's action this week against illegal under-construction buildings in the vicinity of the airport, the experts said too little was being done too late. An Indian Air Force (IAF) veteran, requesting anonymity, said rampant construction around airports couldn't have happened without collusion."This is a huge problem. No one is speaking about it. Collusion between law en ...Read More >
NEW DELHI: At a time when Indian astronaut Shubhanshu Shukla is in space as part of the Axiom-4 mission, India's first spaceman Rakesh Sharma, who went there as part of the Indo-Soviet space programme in 1984, has said that space travel alters the mindset of humans and makes them see the world from a perspective that "this planet belongs to everyone" and is "not the sole preserve" of anyone."We really need to preserve what we have, which means we need to end conflicts, we need to forget about our weapons, we need to forget about confrontation and we need to start collaborating instead," he sai ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a threat to public health."Under the Solid Waste Management Rules-2016, it is the legal and moral respo ...Read More >
New Delhi, June 28 (SocialNews.XYZ) Air India SATS (AISATS) has sacked four senior officials after a video of an office party in Gurugram went viral, triggering widespread shock and outrage over the callous attitude of the staffers as the nation mourns the death of 270 people in the tragic Ahmedabad plane crash. The video, which featured AISATS Chief Operating Officer Abraham Zachariah and other officials dancing to blaring music, was widely condemned on social media. AISATS is a company that provides airport ground services. It is a joint venture, owned equally (50-50) by two companies -- A ...Read More >
New Delhi [India], June 5 (ANI): Air India announced on Thursday that it has added more flights to Bangkok, Colombo, and Kathmandu to meet the growing passenger demand. Effective July 7, 2025, Air India will add a sixth daily flight between Delhi and Kathmandu, increasing frequency from 35x weekly to 42x weekly. Air India will add a second daily flight between Delhi and Colombo, doubling the route's frequency from 7x weekly to 14x weekly. The Tata Group airline will add a third daily flight between Mumbai and Bangkok, increasing frequency from 13x weekly to 18x weekly. Air India said in a ...Read More >
India's next space hero is here. It's Shubhanshu Shukla.In a historic leap for India's space exploration, Group Captain Shubhanshu Shukla is set to become the first Indian astronaut to travel to the International Space Station (ISS). Scheduled for launch on June 10, aboard SpaceX's Falcon 9 rocket as part of Axiom Mission 4 (Ax-4), Shukla's journey will make history as he becomes the first Indian astronaut to travel to the ISS.Axiom Mission 4 (Ax-4) is a pioneering private spaceflight mission that will not only send India's first private astronaut to space but also mark the return to human spa ...Read More >