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, December 3: India is projected to see 7-10 per cent growth (year-on-year) in domestic air passenger traffic at 164-170 million in FY25, according to a report on Tuesday. In the first half this fiscal (H1 FY25), the domestic air passenger traffic stood at 79.3 million, witnessing a YoY growth of 5.3 per cent, partly impacted by the severe heat waves and other weather-related disruptions, according to credit rating agency ICRA. The international passenger traffic growth for Indian carriers expanded and was healthier at 16.2 per cent in H1 FY25. This momentum is expected to continue for the balance part of FY25 as well, reaching an estimated level of 34-36 million for the full year, representing a YoY growth of 15-20 per cent. UDAN Scheme Transforming Air Travel by Enhancing Regional Connectivity, Making It Accessible for Millions: Government. ICRA has maintained its stable outlook on the Indian aviation industry, amidst the continued growth in domestic and international air passenger traffic. The spread between revenue per available seat kilometre and cost per available seat kilometre (RASK-CASK) saw some moderation in H1 FY25 over FY24 due to higher fuel prices and overall increased costs amid grounding of aircraft, while yields moderated marginally as airlines strove to maintain adequate passenger load factors (PLFs). Nonetheless, the same is expected to pick up in H2 FY25, amid healthy passenger traffic. The industry debt metrics in FY25 are expected to remain stable, with interest coverage of 1.5-2.0x times, the report mentioned. In FY24 and H1 FY25, the share of Indian carriers in international traffic (to and from India) stood at 43-44 per cent. "This offers adequate growth potential for Indian carriers to gain traction in international traffic over the medium term," Shah added. Meanwhile, the percentage of aircraft grounded has reduced from 20-22 per cent in September 2023. Air India-Vistara Merger: First International Flight of Integrated Entity Takes Off for Mumbai From Doha. As on September 30, the industry had a total fleet of 853 aircraft. There are large aircraft purchase orders announced by various players in the industry and as per the indicative numbers, the total pending aircraft deliveries is around 1,660, which is almost double the current fleet in operations.
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 -- A preliminary report released Saturday by India's Aircraft Accident Investigation Bureau (AAIB) has revealed that the engine fuel control switches aboard the Air India flight that crashed last month in Gujarat were moved to the "cut-off" position just seconds before the aircraft plunged into a hostel, killing 260 people. The UK-bound flight slammed into a medical college hostel in western Gujarat shortly after takeoff, with only one passenger surviving after reportedly leaping from the aircraft. The tragedy claimed the lives of 169 Indian nationals, 53 British citizens, seven Port ...Read More >
Delhi, July 15: A SpiceJet flight SG 9282 from Delhi to Mumbai was significantly delayed on Monday, July 15, after two passengers, one of them identified as Yachana Nair, allegedly attempted to forcefully approach the cockpit while the aircraft was taxiing. The incident occurred as the passengers complained of an air conditioning issue, which further led to their offloading and subsequent handover to security personnel. The flight, SG 9282, was preparing for departure from Delhi's Indira Gandhi International Airport when the disruption occurred. According to the airline, the two passengers ig ...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: 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 >
Surat (Gujarat) [India], July 12 (ANI): Following the release of the Aircraft Accident Investigation Bureau's (AAIB) preliminary report on the Air India crash that took place in Ahmedabad on June 12, Yashpal Singh Vansdiya, who lost his parents in the plane crash, raised certain questions incudng weather all preventive checks were done on the aircraft. 'I have certain questions to ask the government and the investigation agencies. Based on the report, which mentions one pilot asking the other if he has turned off the switch, it means there were some technical issues. Were all preventive check ...Read More >
New Delhi: The Indian Commercial Pilot Association (ICPA) has strongly condemned speculation surrounding the Air India Flight 171 crash, particularly dismissing unfounded suggestions of pilot suicide. In an official statement issued Sunday, the association emphasized the need to respect formal investigative procedures and avoid premature conclusions until the final report is released. Pilots Call for Respect for Investigation Process "As aviation professionals, we trust and respect the rigorous investigative protocols established by competent authorities. These inquiries are designed to unco ...Read More >
New Delhi, Jul 19: The Federation of Indian Pilots (FIP) has initiated legal proceedings against Reuters and The Wall Street Journal (WSJ) over their reporting on the Air India Flight 171 crash, which occurred on June 12, 2025, in Ahmedabad, claiming 260 lives, reports TOI and ANI According to the FIP, the two international media outlets have engaged in "selective and unverified reporting" while the official investigation, led by India's Aircraft Accident Investigation Bureau (AAIB), remains ongoing. Legal notices have been served to both organisations, demanding a public apology, withdrawal ...Read More >
Travellers in India -- both domestic and international -- have been facing numerous flight delays and disruptions in recent days. These include delays in Air India's Dreamliner fleet due to stricter inspection norms set by the Directorate General of Civil Aviation (DGCA) after the AI 171 crash, long-haul flight delays due to route disruptions caused by the Middle East tension, and domestic delays owing to bad weather conditions. Many passengers have taken to social media to express frustration and share images of the chaos across airports. So, if you're one of the affected airline passengers ...Read More >
Dehradun (Uttarakhand) [India], July 5 (ANI): Chief Minister Pushkar Singh Dhami participated in the Civil Aviation Conference-2025 organised in Dehradun on Friday. Union Civil Aviation Minister Kinjarapu Rammohan Naidu and Civil Aviation Ministers of North India also attended the conference. Chief Minister said that this conference is a testimony to the historic progress made in the civil aviation sector of the country under the leadership of Prime Minister Narendra Modi. He said that by connecting small cities and remote areas with air connectivity through the Udan scheme, not only has ai ...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 >
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 >
New Delhi [India], July 18 (ANI): The Airline Pilots' Association - India (ALPA-I) on Friday welcomed recent statement by the Aircraft Accident Investigation Bureau (AAIB) of India regarding the tragic accident in Ahmedabad involving Air India Flight VT-ANB that killed 260 people on June 12. ALPA-I said AAIB's appeal to the media and public to refrain from speculation is a vital step in protecting the integrity of the investigative process. 'We thank the AAIB for addressing public concerns and making a much-needed appeal to themedia and public to refrain from speculation, premature conclusion ...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 -- 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, July 10: A viral message circulating on WhatsApp and social media platforms claims to be the preliminary investigation report of the Air India Flight AI-171 crash, allegedly released by India's Aircraft Accident Investigation Bureau (AAIB). The message, titled "Air India #AI 171 Crash: AAIB Preliminary Report", states that the crash, which reportedly led to 247 fatalities, was caused by a critical cockpit incident during takeoff. According to the report, the captain's seat slid backward during rotation due to a mechanical failure in the seat locking mechanism. The sudden movement s ...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 >
New Delhi: Soon after the Aircraft Accident Investigation Bureau (AAIB) released its preliminary report into the Air India AI171 crash in Ahmedabad, Air India acknowledged receipt of the 15-page preliminary report and said it continues to fully cooperate with the AAIB and other authorities. "We continue to mourn the loss and are fully committed to providing support during this difficult time. Air India is working closely with stakeholders, including regulators. We continue to fully cooperate with the AAIB and other authorities as their investigation progresses," Air India stated in a post on ...Read More >
Vizag (Andhra Pradesh) [India], July 12 (ANI): Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Saturday hailed the Aircraft Accident Investigation Bureau (AAIB) for conducting a 'transparent and professional' investigation into the Air India flight AI171 crash. The Air India Boeing 787-8 aircraft crashed shortly after takeoff from Ahmedabad's Sardar Vallabhbhai Patel International Airport on June 12, resulting in the deaths of 260 individuals, including 229 passengers, 12 crew members, and 19 people on the ground. Speaking to ANI, the Union Minister said the preliminary report rel ...Read More >
NEW DELHI: A Golden Chassis from the United States helped download 49 hours of flight data from one of the black boxes of Air India's ill-fated Boeing 787-8 aircraft that crashed last month.After the fatal accident that destroyed the aircraft and killed 260 people on June 12, the Aircraft Accident Investigation Bureau (AAIB) retrieved the two black boxes or Enhanced Airborne Flight Recorders (EAFRs) and brought them to the national capital on June 24.Generally, data from damaged flight recorders is downloaded after sourcing Golden Chassis and relevant download cables from other accident invest ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...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 >
Mumbai, Jul 3 (PTI) An Air India flight from Delhi to Washington, which took off on July 2, could not complete its journey after it developed a technical glitch during a scheduled refuelling stopover in Vienna, the Tata Group-owned airline said on Thursday. Consequently, its return flight from Washington to Delhi, scheduled on July 2, was also cancelled. Also Read | India Weather Forecast: Monsoon in Active Phase, Heavy Rainfall to Continue in Most Parts of India for Almost Entire Week, Says IMD Scientist. Of late, frequent delays and cancellations of long-haul flights by Air India have bee ...Read More >
Hyderabad (Telangana) [India], July 4 (ANI): Congress chief Mallikarjun Kharge on Friday came down heavily on the Rashtriya Swayamsewak Sangh (RSS) over its pitch to reconsider the words 'secular and socialist' from the Preamble of the Indian Constitution while saying that it was 'all talk'. He dared and challenged RSS General Secretary Dattatreya Hosabale and top leaders of the ruling Bharatiya Janata Party (BJP) in the centre to remove the words 'secular and socialist' from the Preamble. 'Days before, I heard that some RSS person said that we should remove Secular and Socialist words from ...Read More >
Dehradun (Uttarakhand) [India], July 5 (ANI): Chief Minister Pushkar Singh Dhami participated in the Civil Aviation Conference-2025 organised in Dehradun on Friday. Union Civil Aviation Minister Kinjarapu Rammohan Naidu and Civil Aviation Ministers of North India also attended the conference. Also Read | Centre Notifies Waqf Management Rules 2025; Portal, Database, Audit of Waqf Properties. Chief Minister said that this conference is a testimony to the historic progress made in the civil aviation sector of the country under the leadership of Prime Minister Narendra Modi. He said that by co ...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, 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 >
As details emerged from a preliminary inquiry report on the June 12 Air India plane crash in Ahmedabad, the Airline Pilots' Association of India (ALPA) said on Saturday that the probe was "being driven in a direction presuming the guilt of pilots and we strongly object to this line of thought". A statement by ALPA chief Sam Thomas on Saturday, July 12, said, "We have been given a copy of the preliminary report which is believed to be furnished by the AAIB (Aircraft Accident Investigation Bureau) ...Read More >
NEW DELHI: India on Friday distanced itself from the White House's call to award the Nobel Peace Prize to US President Donald Trump, saying any such queries should be directed to Washington. This came after White House Press Secretary Karoline Leavitt claimed that Trump had brokered peace in multiple global conflicts, including between India and Pakistan."As far as the statements of the White House are concerned, please take your question to them," said ministry of external affairs spokesperson Randhir Jaiswal when asked about the Nobel suggestion.Leavitt had claimed that Trump had ended confl ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The three-day Reserve Bank of India's Monetary Policy Committee (MPC) meeting, starting Monday, is widely expected to hold its key policy rate at 5.50 per cent. However, a surprise cut cannot be ruled out amid US trade tariffs and low inflation, according to analysts. The RBI has cut rates by 100 basis points since the start of the year. The MPC meeting is scheduled from September 29 to October 1, where the central bank is expected to review interest rates. Currently, the repo rate stands at 5.5 per cent. The RBI had left the policy rate unchanged in the pre ...Read More >