Between May and June, six helicopter-related incidents have happened, with the latest involving a Bell 407 helicopter that crashed on 15 June in Uttarakhand. Most of these crashes occurred in Uttarakhand, a hilly region, around the Char Dham Yatra, an annual Hindu pilgrimage. The copter accident followed Air India’s London-bound Boeing 787 Dreamliner plane crash…
Rebutting the operators’ claims that the regulator kept the spectrum pricing low and non-transparent, Google, Meta, OneWeb, Hughes, Amazon, Tata’s Nelco, among others, have argued that the argument for a “level playing field” between satellite-based communication services and terrestrial networks is both legally unsound and factually incorrect. The Broadband India Forum (BIF), which represents Big Tech…
Bharti Enterprises’ space venture, Bharti Space Ltd, will invest €31.4 million—equivalent to about ₹313 crore or $36 million—in French satellite operator Eutelsat as part of the latter’s €1.35 billion (around ₹11,250 crore) capital raising plan. The company aims to use the fresh funds to pare debt and expand investments in satellite constellations, as it pushes…
The Reserve Bank of India’s (RBI) rate cuts have automatically brought down loan rates on 60% of floating rate loans, which are linked to external benchmarks like the repo. However, since term deposit rates can be lowered only at the time of opening or renewing a deposit, banks are forced to slash savings rates more…
This mandatory quality certification will be applicable to writing and printing paper, coated paper, and boards used for packaging by the consumer products industry. This comes in the backdrop of supply concerns following China’s move to halt exports of rare earth magnets, a key component of electric vehicles, to India and other countries. Also read:…
Data from regulator Insolvency and Bankruptcy Board of India (IBBI) reviewed by Mint showed that in FY25, just ₹1,322 crore or a tenth of the amount involved in ‘avoidance transactions’ disposed of by tribunals were recovered. And overall, just 12% of the ₹65,650 crore worth voidable deals executed by promoters and management of 368 companies–and where tribunals…
LONDON, June 19 (Reuters) – Some $250 billion of financing has been allocated to produce low-carbon materials in heavy emitting sectors such as chemicals, fuels and metals, but future low-carbon materials projects will need more than five times the level of current funding, a report said on Thursday. Newly industrialised countries such as Indonesia and…
A series of measures to build, repair and finance ships in India are likely this year, two people aware of the plans said, as the country aims to become a global maritime hub. The government is working on nearly a dozen mission-mode measures to fire up the local shipping industry, including a maritime development fund,…
The ministry of heavy industries, the nodal agency for the implementation of the ₹10,900-crore PM E-drive green mobility scheme, collates registration data from the central government’s Vahan portal, tallies them with claims made by companies before disbursing financial incentives. Vahan is a national platform that facilitates vehicle registrations, permits, taxation, and enforcement, and is run…
New Delhi: The Union civil aviation ministry on Thursday said the probe into the Air India AI -171 crash, is progressing steadily in India, with the Aircraft Accident Investigation Bureau (AAIB) having started investigations six days ago. The investigation is being conducted with support from local authorities and agencies, it said in a clarification following…