Air India plane crash: The preliminary report on the Air India Flight AI171 crash has found that both engines of the Boeing 787-8 Dreamliner lost power just three seconds after takeoff from Ahmedabad due to a brief but sudden cutoff in fuel supply. The unexpected engine shutdown led to the accident that killed 260 people,…
NEW DELHI: Boeing on Saturday said it continues “to support the investigation” into the Air India Flight AI171 crash, shortly after the Aircraft Accident Investigation Bureau (AAIB) released its preliminary report on the June 12 tragedy in Ahmedabad.“Our thoughts remain with the loved ones of the passengers and crew on board Air India Flight 171,…
Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) said the global market may be tighter than it seems, supported by strong summer demand. Meanwhile, concerns over new US tariffs and possible fresh sanctions on Russia also added upward pressure.Brent crude rose $1.72, or 2.5%, to settle at $70.36 per…
India-US trade deal: United States is working toward an interim trade agreement with India that could reduce proposed tariffs to below 20%. This would give India a more favourable position compared to other countries in the region.Unlike many nations, India is not expected to receive a formal tariff hike notice this week, and the agreement…
H D Kumaraswamy (File photo) NEW DELHI: Union minister H D Kumaraswamy on Friday launched the first scheme to provide customer facing incentives on purchase of electric trucks of up to Rs 9.6 lakh per vehicle as part of govt’s PM E-DRIVE initiative, which has earmarked Rs 500 crore for electric trucks out of its…
Tesla will open its first showroom in India on Tuesday and begin deliveries as early as next month, people familiar with the matter said, as the Elon Musk-led electric vehicle maker looks to tap potential demand in the third-largest automobile market to counter slowing sales elsewhere.The opening of the Mumbai showroom will mark the formal…
MUMBAI: The grocery bag of urban and rural shoppers is undergoing a divide. Urban Indians are gravitating towards unbranded products in select categories and are also experimenting with new-age brands, while rural consumers are taking to legacy FMCG brands. While there is a big market for unbranded goods in rural, it is losing out to…
HYDERABAD: Breaking out from the shadows of glittering gold, silver hit a record Rs 1,13,000 a kg on MCX late Friday. It came on the back of international prices hit a 13-year high of $37.8/Oz in the spot market and $38.7 in futures, amid rising trade worries after US President Donald Trump returned with reciprocal…
Tesla will finally start selling its cars in India, with the Maharashtra RTO clearing the way for Elon Musk’s electric vehicle giant to open its first showroom in Mumbai and begin road trials and sales. The Elon Musk-led company is scheduled to inaugurate its first showroom at Bandra Kurla Complex (BKC) in Mumbai on July…
In a bid to improve toll plaza efficiency and prepare for upcoming digital tolling upgrades, the National Highways Authority of India (NHAI) has announced a stricter policy for blacklisting users of ‘loose FASTags’—those not affixed to vehicle windscreens.The NHAI said the move is crucial to ensure the authenticity of FASTags and the integrity of the…