AEROSPACE BUSINESS
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Can AI answer the needs of smaller businesses? Some push to find out
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
LGBTQIA+ employees have a new ally at workplace in senior leaders
At companies such as GE Aerospace, IBM, LTIMindtree, Deutsche Bank, Cisco, Cummins and Thoughtworks, board members, leaders, people managers as well as teammates are driving a culture of inclusiveness so that LGBTQIA+ workers don’t feel isolated.
Business class flight experience getting more exciting with 45-inch TV screens
New business class seats in airplanes have been designed by manufacturers and entertainment providers in such a manner that you can receive a theatre-like experience on your premium seats 30,000ft above ground.
India is one of the key markets for business growth in industrial space: Siemens executive
Siemens Digital Industries Software is a part of German conglomerate Siemens and is headquartered in Plano, Texas. The company focuses on product lifecycle management (PLM) software and works with industries like aerospace and defense, pharmaceuticals, and automotives. Its products include Teamcentre (a PLM software and collaboration tool), design software NX and low code platform Mendix.
ET Make in India SME Regional Summit in Hyderabad will focus on the state’s high-tech prowess
Starting with the tech-powered city of Hyderabad, the ET Make in India Regional Summit aims to power the state’s MSMEs leveraging on its innovative quality.
Indian businesses brainstorm on diverse sectors including digital tech & aerospace at Choose France Summit
The 7th Choose France Summit in Paris featured a dedicated France-India roundtable where TCS announced a Global AI Center of Excellence. The event highlighted the India-France strategic partnership and the upcoming Indo-French Year of Innovation to enhance bilateral ties.
Aerospace manufacturers seek business class upgrade on local plane orders
Indian aerospace manufacturers are relying on a surge in orders from domestic airlines to enhance their business prospects with international giants like Airbus and Boeing. Additionally, they are seeking government assistance through policy initiatives. The sector received a significant boost when Air India placed orders for planes, and Airbus expressed interest in expanding the global presence of suppliers to diversify its sales currency.
Apple Store employees in Maryland, US, may see its first-ever strike, here are the demands
CORE-represented Apple store workers in Towson, Maryland, have authorized a potential strike against Apple. The union seeks better wages, benefits, and scheduling following year-long negotiations, while Apple emphasizes its compensation and benefits.
Bet on PSUs only if bullish on India growth story; never in the short-term: Anand Sharma
Anand Sharma discusses the extensive impact of public sector enterprises in various sectors under government control, emphasizing the wide theme of PSU equity with a focus on power, oil, financials, logistics, metals, and mining. Sharma says , PSU equity fund is a thematic fund and should be a smaller part of any investors investable corpus.
Raymond's board approves demerger of engineering biz for its foray into aerospace, defence, EV
The boards of Raymond's various subsidiaries have approved a demerger of its engineering business to allow it to expand into sunrise sectors like aerospace, defense, and electric vehicle components. The merger will consolidate Raymond's engineering and MPPL businesses, aiming for profitable growth and segregation.
Cyient DLM shares zoom 13% on solid Q4 results led by defence & aerospace deals
The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.
RTX beats estimates on military demand, aviation strength
RTX, a major aerospace and defense company, surpassed first-quarter earnings expectations due to demand for missile defense systems and a strong commercial aftermarket business. The aftermarket business benefited from airlines extending the service life of aircraft amid the recovery in air travel and limited availability of new planes. Pratt and Whitney, a subsidiary of RTX, reported a sales increase of 23%, despite ongoing inspections for potentially flawed components in its GTF jet engines.
Rashtriya Raksha University signs MoU with French Starburst Aerospace
RRU and Starburst Aerospace's MoU aims to enhance aerospace, defence, and security innovation. The 100 million euros venture fund and export support for Indian startups align with the India-France Strategic Partnership, fostering enterprise creation and growth in security and defence sectors.
Binance’s India comeback; D2C brands spend big for q-commerce presence
Direct-to-consumer (D2C) brands are shelling out high commissions on sales for space on coveted quick-commerce platforms. This and more in today’s ETtech Morning Dispatch.
Elon Musk to meet spacetech founders in New Delhi
Tesla CEO Elon Musk confirmed his upcoming visit to India earlier this month, expressing anticipation for a meeting with Prime Minister Narendra Modi. Reports suggest a potential announcement of the company's investment plans in the country.
South Korea's Hanwha Aerospace to spin off industrial solutions businesses from defence
South Korea's Hanwha Aerospace announced plans to spin off its semiconductor equipment and video surveillance businesses to focus on its defense division. The spin-off will separate chip equipment maker Hanwha Precision Machinery and surveillance camera maker Hanwha Vision into a new industrial solutions company. The move aims to enhance the valuation of its high-growth chip equipment business and streamline its defense-focused strategy. Hanwha Aerospace's market capitalization is expected to benefit from the spin-off, aligning with Hanwha Group's efforts to streamline its defense business.
Highly committed to defence business; see $300-billion opportunity over next 10 years: Adani Defence Management
Adani Defence & Aerospace, along with Tata, Bharat Forge, L&T, and 800 MSMEs, aims to build a competitive business in the defence sector. The long-term potential is significant, with a focus on ISR and collaboration with DRDO. ISR is the primary focus area. It stands for Intelligence, Surveillance, Reconnaissance. The foot soldier will be complemented by unmanned, aerial systems, unmanned ground systems, unmanned naval systems.
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