Archive For The “Business” Category

Centre moots overseas UDAN

State governments will be able to encourage tourism on preferred international air routes by offering subsidy to domestic airlines for a period of three years. The Ministry of Civil Aviation has prepared a draft scheme document for “UDAN International” and invited comments from stakeholders till September 4. The scheme is designed for State governments that […]

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Jet Airways to consider cost-cutting, turnaround plan

Directors of Jet Airways (India) Ltd will consider a plan to turnaround the financially-troubled carrier at a meeting on 27 August. The airline’s board will also discuss ways to cut costs at the meeting, which will consider the deferred financial results for the June quarter, Jet Airways said in a regulatory filing. The announcement will help to […]

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Defence Ministry’s approval for Rs 46Kcr defence procurement will boost ‘Make in India’ initiative but what MSMEs will get is not clear: Expert

The Defence Acquisition Council (DAC), chaired by Defence Minister Ms Nirmala Sitharaman approved procurement worth Rs 46,000 crore for the three armed forces to boost Prime Minister Mr Modi ‘Make in India’ initiative but what will be there for MSMEs is not clear, said an Expert. Speaking to KNN India, Mr Debashis Bandhopadhyay, an Expert […]

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Govt. nod for 111 Naval utility choppers

The Defence Acquisition Council (DAC), which met gave formal approval for procurement of 111 Naval Utility Helicopters worth over Rs. 21,000 crore. The Navy had issued the Request for Information (RFI) last year but clarity was awaited on the implementation guidelines under the Strategic Partnership (SP) model. The guidelines were approved recently and are expected […]

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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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