Archive For The “Business” Category

Aircraft manufacture, one million jobs part of Aviation plan 2035: Mr Prabhu

Terming the creation of infrastructure a big challenge, Civil Aviation Minister Mr Suresh Prabhu  said India will need at least 1,000 planes in the next few years as it prepares a comprehensive and integrated plan for 2035 to boost the sector. “To create infrastructure for aviation is a big challenge and we, therefore, are preparing a comprehensive and integrated plan for […]

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Rs 1 crore ISRO’s lithium ion cell technology gets overwhelming initial response

Over 130 companies have shown interest in the Indian space agency’s lithium ion cell technology and the pre-application conference will be held, said a senior official.  “The response to our announcement to transfer the lithium ion cell technology is overwhelming. More than 130 companies have purchased the RFQ document. The pre-application conference will be held,” […]

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Boeing ties up with Safran to push into aircraft services business

Plane maker Boeing Co will partner with French aerospace firm Safran SA to make and service aircraft auxiliary power units as it uses some its profit from record jet sales to push into other lucrative aerospace segments. Boeing and rival Airbus SE are branching into more profitable services, in a bid to emulate the wider […]

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Honda targets high-flyers with domestic launch of HondaJet

The HondaJet compact plane has already proved a winner in North America and Europe, and now Japanese high-flyers will also have the chance to travel in the comfortable, fuel-efficient jets. Honda Motor Co. announced on June 6 that it has begun taking orders for the aircraft that can accommodate up to seven people and is […]

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ISRO to Transfer Lithium Ion Cell Technology for Rs 1 Crore

Indian space agency ISRO announced it has decided to transfer its own lithium-ion cell technology to Indian industry on a non-exclusive basis for usage in automobiles for Rs 1 crore. In a statement, the Indian Space Research Organisation (ISRO) said the initiative will accelerate the development of indigenous electric vehicle industry. The Vikram Sarabhai Space […]

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Alphabet, Airbus lead $40 mn funding for space catapult

A Silicon Valley startup called SpinLaunch is set to reveal the first details of its plans to build a machine meant to hurl rockets into space. To achieve that goal, SpinLaunch has secured $40 million from some top technology investors, said Mr Jonathan Yaney, the founder. The company remains tight-lipped about exactly how this contraption […]

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BDL expects Rs 14k cr worth Akash-II Missile order from Def

Hyderabad, Jun 26Bharat Dynamic Limited (BDL) expects Akash-II missile order worth about Rs 14,000 crore in the next couple of years from the central government, said a top official of the Defence PSU. Chairman and Managing Director of BDL, Mr VUday Bhasker also said the current order of Akash will be completed in the next […]

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India to buy 6 more Apache attack gunships, 24 naval choppers in 3 bln deal

The strategic clinch with the US is set to get even tighter, with India signalling its readiness to ink two more bilateral military pacts, procure helicopters worth $3 billion and participate in a joint tri-Service amphibious exercise for the first time.  Top government sources say “substantial progress” has now been made towards finalising the Communications, […]

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ISRO to rope in industry majors for mini-PSLV project

 Indian Space Research Organisation (ISRO) will rope in private companies or consortiums for its mini-PSLV project aimed at tapping the small satellite launch market. ISRO chairman Dr K Sivan told TOI that the first such rocket is likely to be tested by the middle of next year. The project – first reported by TOI – involves assembling a small rocket in […]

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ISRO looking for industries to participate in launch of rockets

ISRO said it was looking at participation of a consortium of industries in the space agency’s plan to launch 12 to 18 rockets each year.”ISRO wants the industries to come forward and develop the finished product from raw material to processing, integration, testing and launching of rocket from Sriharikota, in our plan to launch 12 […]

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