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 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 no other reason for the aircraft to go down but the manufacturing part; the fuel to the engine itself switched off accidentally or there was something that the pilot or the co-pilot was not aware of and the engine lost the thrust, Kaul said. It appears that the fuel was cut off on takeoff. The voice recorder makes it clear that neither the commander nor the co-pilot switched off the jet fuel switch. This is obviously some fault within the aircraft that the jet fuel switch turned off automatically, he added. Kaul also raised concerns about aircraft manufacturer Boeing. In Boeing, it is not the first time; there were two instances of that new plane, which, after takeoff, again went down and crashed, and people died. In both these cases, it finally came out that the changes have been made in the max varieties of 737, and the pilot was not aware of the situation, and Boeing deliberately did not give training because training costs money, and they have to bear the cost, he said. There have been whistleblowers from the ones who worked in the Boeing company who said that Boeing is trying to save money on manufacturing and safety aspects, Kaul added. India Aircraft Accident Investigation Bureau (AAIB) released the preliminary report into the tragic crash of Air India flight AI171, a Boeing 787-8 aircraft, which crashed shortly after takeoff from Ahmedabad Sardar Vallabhbhai Patel International Airport on June 12. The report outlines a harrowing sequence of events that unfolded within 90 seconds of takeoff, as both engines of the aircraft shut down unexpectedly during the initial climb, leading to a catastrophic loss of thrust and rapid descent. Flight data recovered from the aircraft Enhanced Airborne Flight Recorder (EAFR) revealed that the fuel cutoff switches for both engines were inadvertently moved from RUN to CUTOFF, one after the other within a 1-second interval, at an altitude just moments after liftoff. One pilot was heard asking the other, Why did you cut off? to which the response was, I did not. This uncommanded shutdown triggered the deployment of the Ram Air Turbine (RAT), and the aircraft began losing altitude almost immediately, unable to sustain powered flight. According to the AAIB, the pilots re-engaged the fuel switches in an attempt to relight both engines. Engine 1 showed signs of recovering thrust, but Engine 2 failed to stabilise. The aircraft, which had briefly reached a speed of 180 knots, was already descending and failed to regain altitude. The final distress call -- a MAYDAY -- was transmitted at 08:09 UTC, just seconds before the aircraft crashed into residential buildings outside the airport perimeter. The aircraft struck several buildings, including the BJ Medical College hostel, causing significant structural and fire damage across five structures. The Emergency Locator Transmitter (ELT) did not activate, and emergency services were mobilised within five minutes of the crash. The wreckage trail extended over 1,000 feet, with major components including the vertical stabiliser, engines, and landing gear found embedded in buildings and scattered across the crash site. The aircraft, registered VT-ANB, was delivered in 2013 and had recently undergone routine maintenance. All Airworthiness Directives had been complied with, and the fuel quality was confirmed to be within specifications. There were no reported technical defects linked to the engines or flight control systems immediately before the accident. The pilot-in-command, a 56-year-old with over 15,000 flying hours, and the co-pilot, 32, with over 3,400 hours, were both fully qualified and had no recent duty irregularities or medical issues reported. (ANI) Disclaimer: This news article is a direct feed from ANI and has not been edited by the News Nation team. The news agency is solely responsible for its content.
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 >
New Delhi [India], June 27 (ANI): Chief of the Naval Staff (CNS), Admiral Dinesh K Tripathi, presented Gallantry and Distinguished Service Awards to Naval Personnel at the Naval Investiture Ceremony held for the first time at the newly constructed Nausena Bhawan in Delhi on Friday. The awards were conferred to honour and recognise bravery, leadership, professional achievement and distinguished service of Naval Personnel. A total of 51 personnel were conferred with awards during the ceremony,y which included one Yudh Seva Medal, thirteen Nausena Medals (Gallantry), eight Nausena Medals (Devot ...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 >
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 >
Lucknow (Uttar Pradesh) [India], June 26 (ANI): The family members of Axiom Mission 4 (Ax-4) pilot and Indian Air Force Group Captain Shubhanshu Shukla met Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow on Thursday evening. Shukla's father Shambhu Dayal Shukla, mother Asha Shukla, sister Shuchi Mishra, and brother met the Chief Minister, who felicitated them and presented them with a token of appreciation in honour of Shukla's selection for the space mission. Also Read | 8th Pay Commission To Triple Medical Allowance and Raise Minimum Salary to INR 27,000? Check Details. Speaking t ...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 >
AP EAMCET Result 2025: APSCHE has declared the results for AP EAPCET today, June 8, 2025. AP EAMCET Result 2025: The Andhra Pradesh State Council of Higher Education (APSCHE) has declared the results for Andhra Pradesh Engineering, Agriculture, and Pharmacy Common Entrance Test (AP EAPCET) 2025 today, June 8, 2025. Candidates who appeared for the examination can login and check their results on the official website, cets.apsche.ap.gov.in. AP EAMCET is now called as AP EAPCET. AP EAMCET Result 2025: How To Download Your Result? Visit the official website, cets.apsche.ap.gov.in.Click on "AP E ...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 >
Mumbai (Maharashtra) [India], June 28 (ANI): A Chennai-bound Air India flight returned to Mumbai, its departure location, after being alerted about a burning smell inside the cabin, the airline confirmed on Saturday. According to Air India, the incident occurred on Friday (June 27) on flight AI639, which departed from Mumbai and was headed to Chennai. Also Read | Aurangabad Shocker: Woman Kills Husband With Help of Lover in Bihar; Wife Arrested, Manhunt Launched To Nab Paramour. "The crew of flight AI639 operating from Mumbai to Chennai on Friday, June 27, 2025, made a precautionary air-ret ...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, 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 >
Mumbai: Uddhav and Raj Thackeray will hold a joint protest march of their parties in the city on July 5 against what they allege is imposition of Hindi in the state's schools from Class 1 through the new three-language policy. This will be the first time they will come together on a political platform after Raj Thackeray's decision to quit Shiv Sena to form MNS nearly two decades ago.There has been speculation of a reunion of the estranged cousins for the coming civic polls, and the protest march is being seen as the first step in that direction, reports Chaitanya Marpakwar.Uddhav and Raj had ...Read More >
Mumbai (Maharashtra) [India], June 28 (ANI): A Chennai-bound Air India flight returned to Mumbai, its departure location, after being alerted about a burning smell inside the cabin, the airline confirmed on Saturday. According to Air India, the incident occurred on Friday (June 27) on flight AI639, which departed from Mumbai and was headed to Chennai. 'The crew of flight AI639 operating from Mumbai to Chennai on Friday, June 27, 2025, made a precautionary air-return to Mumbai due to a burning smell in the cabin,' an Air India spokesperson said. 'The flight landed safely back in Mumbai, and ...Read More >
New Delhi [India], January 31 (ANI): Parents of Wing Commander Shubhanshu Shukla were elated after their son was selected as the pilot for National Aeronautics and Space Administration (NASA)'s Axiom-4 mission, scheduled this year. The parents credited Shubhanshu's hard work and dedication for his success and also acknowledged the contribution his wife behind his success. Expressing her immense happiness in an interaction with ANI, Shukla's mother Asha Shukla said she can't express her emotions in words. "We cannot express our feelings in words," she said. "Our joy is unlimited; we cannot p ...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 >
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 >
Durgapur (West Bengal) [India], June 28 (ANI): The West Bengal unit of the Congress party staged a protest in Durgapur on Saturday over the alleged gangrape of a law student in Kolkata. Carrying party flags, protesters also held a sit-in demonstration. Police intervened to disperse the crowd in order to ease traffic congestion. Also Read | Bengaluru Horror: Woman Kills Pet Dog for Tantrik Ritual, Hides Rotting Body in Apartment for Days; Case Registered. A protester told ANI, "Mamata Banerjee is the first lady Chief Minister of West Bengal. A common citizen of Bengal had trusted her with th ...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 >