Author: News Desk

Adani Group has moved into the pilot-training business by agreeing to buy a 72.8 percent stake in Flight Simulation Technique Centre for about Rs 820 crore. FSTC runs a network of full-flight simulators, training aircraft and pilot-training programs that range from basic licences to type ratings and specialised skills. Its main training hubs are in Gurugram and Hyderabad, along with flying schools in Bhiwani and Narnaul. The deal is being executed through Adani Defence Systems and Technologies and Horizon Aero Solutions. Horizon is jointly owned by Adani Defence and Prime Aero Services. Both companies have signed share-purchase agreements with FSTC’s…

Bajaj Auto on Wednesday expanded its electric three-wheeler portfolio with the nationwide launch of the Riki e-rickshaw and e-cart, following successful pilot projects in four cities. The company plans to introduce the Riki range in 25 cities, aiming to capture a larger share of India’s rapidly growing e-rickshaw market. Samardeep Subandh, President of Bajaj Auto Ltd’s Intracity Business Unit, told CNBC-TV18 that monthly e-rickshaw sales have jumped from 10,000–12,000 units to nearly 45,000 units, now accounting for 38% of the country’s three-wheeler market. Despite over 500 e-rickshaw brands in India, Bajaj Auto secured a 4–5% market share during its pilot…

A joint venture led by Reliance Industries will invest $11 billion over the next five years to develop 1 gigawatt of AI data capacity in Andhra Pradesh, according to the companies and the state government. The venture, named Digital Connexion, also includes Canadian multinational Brookfield Corporation and U.S.-based real estate investment trust Digital Realty. It plans to build an AI-focused data centre campus spanning 400 acres in Visakhapatnam. This move follows Google’s announcement in October to develop AI data centre capacity in Visakhapatnam over five years, which will be the company’s largest AI hub outside the United States. The global…

Asian Paints has joined hands with the Board of Control for Cricket in India (BCCI) as the official colour partner for the next three years, in a deal valued at around Rs 45 crore. The partnership will cover men’s, women’s, and domestic cricket across more than 110 matches. With this, Asian Paints joins the ranks of BCCI’s other official sponsors, including Campa (Rs 48 crore), Atomberg (Rs 41 crore), and SBI Life (Rs 47 crore). The announcement comes shortly after BCCI secured a jersey sponsorship deal with Apollo Tyres following the exit of Dream11. Amit Syngle, Managing Director and CEO…

At the TN Rising investment conclave on Tuesday, Tamil Nadu Chief Minister M K Stalin witnessed the signing of 158 MoUs worth a total of Rs 43,844 crore, promising the creation of 1,00,709 jobs across the state. Among the deals, Sakthi Aircraft Industries announced plans to set up a state-of-the-art two-seater trainer aircraft manufacturing unit in Tirupur district. The Rs 500 crore investment is expected to generate 1,200 high-skilled jobs, marking the first facility of its kind in Tamil Nadu. “During the TN Rising Coimbatore Conclave, Sakthi Aircraft signed the MoU in the presence of Chief Minister M K Stalin,…

The Union cabinet, led by Prime Minister Narendra Modi, has approved a ₹7,280 crore plan to help India start manufacturing rare earth permanent magnets at home. These magnets are essential for electric motors, renewable energy systems and advanced electronics, but India depends almost entirely on imports right now. The government says this scheme will help build a full rare earth magnet ecosystem in the country, reduce reliance on other nations and make India a stronger player in the global market. Mint had reported earlier that the finance ministry had already cleared the proposal before it reached the cabinet. Information and…

India’s first privately assembled PSLV is on track for its debut commercial launch before the financial year wraps up. It’s a big step toward building a serious private space industry in the country. A few years back, ISRO handed over PSLV production to the private sector. The job went to a joint venture between Hindustan Aeronautics and Larsen & Toubro, which is contracted to build five rockets. The first one is almost ready. Amit Ramchandani from L&T put it plainly: they’ve worked with ISRO for years, this project lets them prove their capability on core hardware, and if things stay…

Jeff Bezos has an unconventional piece of advice for young people aiming to build successful careers: start with entry-level work. The Amazon founder suggests that working at places like McDonald’s provides foundational lessons that no classroom or startup experience can match. He explains that such roles teach responsibility, punctuality, people skills, and the value of hard work. Bezos points out that entry-level jobs help develop traits like discipline, patience, adaptability, and resilience, qualities essential for entrepreneurs but often overlooked by younger generations eager to launch their own ventures. These positions also teach how to handle pressure, manage time, and work effectively in teams. In a world where instant…

Rolls-Royce is set to make a significant move in India’s defence manufacturing sector, having partnered with two public sector undertakings (PSUs) and awaiting final approval from the Ministry of Defence (MoD) to begin production of engines for the Arjun Main Battle Tank (MBT), according to The Hindu Business Line. This initiative represents one of the largest technology transfer offers ever made by a global engine manufacturer to India. Enrico Spadaro, Senior Vice President at Rolls-Royce Solutions Asia, announced the development virtually from Singapore, alongside G. S. Selwyn, Executive Vice President of Rolls-Royce India and Managing Director of MTU India. Spadaro confirmed…

Thiruvananthapuram International Airport has achieved a major sustainability milestone, winning the Platinum Award at the SEEM National Energy Management Awards 2024. The accolade highlights the airport’s exceptional progress in energy efficiency, clean-energy adoption, and technology-driven operational improvements. This recognition comes just a year after the airport secured the Gold Award in 2023, underscoring its consistent advancement in performance, innovation, and responsible energy management. The Platinum honour reinforces Thiruvananthapuram Airport’s role as a key contributor to India’s aviation sustainability mission. Key Achievements Behind the Platinum Recognition Several impactful initiatives collectively strengthened the airport’s energy profile: These initiatives implemented across terminals, utility systems, and airport-wide infrastructure…