Author: News Desk

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…

HP Inc announced plans on Tuesday to reduce its global workforce by 4,000 to 6,000 employees by fiscal 2028 as part of efforts to streamline operations and integrate artificial intelligence to accelerate product development, enhance customer service, and increase productivity. Following the announcement, HP’s shares fell 5.5% in after-hours trading. CEO Enrique Lores said the cuts will primarily affect teams involved in product development, internal operations, and customer support. He added that the initiative is expected to generate $1 billion in gross annual savings over three years. Earlier this year, HP had already laid off 1,000 to 2,000 employees as…

India and Afghanistan have moved to significantly strengthen bilateral trade relations with the launch of a renewed air freight corridor connecting Kabul to Delhi and Amritsar. The initiative aims to re-establish a dependable trade pipeline that was disrupted in recent years due to geopolitical instability and logistical challenges. The decision was finalised during the New Delhi visit of Afghan Commerce Minister Al-Haj Nooruddin Azizi, who held extensive discussions with Indian officials on restoring commercial connectivity. The new corridor is expected to facilitate smoother and faster transport of high-demand goods such as fresh fruits, dry fruits, medicinal plants, carpets, textiles, pharmaceuticals, and industrial supplies. To support seamless operations, both…

Russia plans to begin moving cargo along the Russia-Iran-India and Russia-Iran-China routes of the International North-South Transport Corridor by 2026, according to Andrey Tarasenko, who heads Russia’s Federal Agency for Maritime and River Transport. Tarasenko told reporters that preparations are underway to start operations on both routes in 2026, local media reported, citing the state news agency TASS. He noted that MMTP JSC, Iran’s state-owned shipping giant IRISL, and its Caspian arm Khazar Sea Shipping Lines held talks in April. During those meetings, the companies agreed to set up container services, including multimodal transport, along the corridor. Earlier in the…

India and Canada are close to sealing a uranium supply deal worth about US$2.8 billion, according to the Globe and Mail. The update came soon after the Indian Prime Minister and Canadian PM Mark Carney said they were restarting trade ties. The plan is for Cameco, the Canadian producer, to provide uranium for roughly a decade as part of expanded civil nuclear cooperation. People following the talks told the newspaper that some details might still shift before anything is officially announced. India has bought uranium from Cameco before. Under a 2015 agreement signed during Modi’s visit to Canada, the company…