MUMBAI: Tesla yesterday launched its Model Y at about US$70,000 (RM298,000) in India, the highest price among major markets, as the US automaker grappling with slowing sales bets on prospects in a country CEO Elon Musk has long criticised for its high import tariffs. With deliveries estimated to start from the third quarter, Tesla is targeting a niche electric vehicle segment in India that accounts for just 4% of overall sales in the world's third-largest car market. It will compete mainly wit...Read More
NEW DELHI, July 15 (Reuters) - The sudden movement of engine fuel switches has taken centre stage in the investigation of the Air India Boeing Dreamliner crash that killed 260 people in June, the world's worst aviation disaster in a decade. The crash poses a fresh challenge for Air India , which has long sought to become a "world-class airline", and Boeing , which is working to restore public trust after a series of safety and production crises. THE INVESTIGATION ** A 15-page preliminary ...Read More
MUMBAI (Reuters) -A slump in India's retail inflation to six-year lows and a likely drop to a record low in July is prompting calls for at least one more interest rate cut this year, with many analysts saying the sharp disinflation is also a sign of weakening demand. The drop in June headline inflation is accompanied by low core inflation, which, excluding gold, silver and fuel prices, remains below 4%, suggesting softer underlying consumption which may need more support from monetary policy, a...Read More
NEW DELHI, July 14 (Reuters) - The probe into last month's Air India Dreamliner crash in Ahmedabad city is "far from over," CEO Campbell Wilson said in an internal memo on Monday, adding that the airline is open to further inquiries and warned against "premature conclusions." The memo, seen by Reuters, comes after a preliminary report on Saturday showed confusion in the cockpit shortly before the Air India jetliner crashed and killed 260 people last month, after the plane's engine fuel cutoff s...Read More
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for ...Read More
NEW DELHI, July 15 (Reuters) - India's merchandise trade deficit (INTRD=ECI), opens new tab in June stood at $18.78 billion, according to Reuters' calculations based on export and import data released by the Ministry of Commerce & Industry on Tuesday. Economists had expected the June trade deficit to be at $22.24 billion, according to a Reuters poll, compared to $21.88 billion in the previous month. Exports of goods stood at $35.14 billion in June while imports were at $53.92 billion, compared...Read More
NEW DELHI (Reuters) -India's merchandise trade deficit in June stood at $18.78 billion, according to Reuters' calculations based on export and import data released by the Ministry of Commerce & Industry on Tuesday. Economists had expected the June trade deficit to be at $22.24 billion, according to a Reuters poll, compared to $21.88 billion in the previous month. Exports of goods stood at $35.14 billion in June while imports were at $53.92 billion, compared with $38.73 billion of exports and $...Read More
July 14 (Reuters) - Indian renewable energy firm SAEL Industries Ltd will invest 82 billion rupees ($954.04 million) to build a 5-gigawatt (GW)-per-year integrated solar cell and module manufacturing facility in the northern state of Uttar Pradesh, the company said on Monday. Through one of the largest investments seen so far in the solar manufacturing space in India, the plant in Greater Noida will boost SAEL's total module manufacturing capacity to 8.5 GW. Construction is expected to begin t...Read More
New Delhi: The Aircraft Accident Investigation Bureau's (AAIB) preliminary report into the Air India Boeing 787-8 crash has brought a 2018 advisory from the US Federal Aviation Administration (FAA) regarding fuel switch locks into sharp focus. While the FAA's advisory recommended inspections, it did not mandate them, a detail that has emerged as a key point in the ongoing investigation. The AAIB's preliminary investigation report, released on Saturday, July 12, revealed that the fuel switche...Read More
WASHINGTON/NEW DELHI/MONTREAL -- The US Federal Aviation Administration and Boeing have privately issued notifications that the fuel switch locks on Boeing planes are safe, a document seen by Reuters showed and four sources with knowledge of the matter said. The FAA's Continued Airworthiness Notification on July 11 came after a preliminary report into Air India's Boeing 787-8 crash, which killed 260 people last month, raised questions over engine fuel cutoff switches. The FAA's notification to...Read More
July 14 (Reuters) - India said on Monday it has achieved 50% of its installed electricity capacity from non-fossil fuel sources -- five years ahead of its 2030 target under the Paris Agreement, signalling accelerating momentum in the country's clean energy transition. WHY IT'S IMPORTANT The announcement comes as India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, while coal-fired generation declined nearly 3%. Fossil fuels still accounted for over two...Read More
New Delhi: Etihad Airways has advised its pilots operating Boeing 787 Dreamliners to "exercise caution" when handling the aircraft's fuel control switches. In a safety directive, the Dubai-based airline also ordered a fleet-wide inspection of the locking mechanisms on these switches as a precaution. This came after preliminary findings from India's Aircraft Accident Investigation Bureau (AAIB) into the crash of Air India Flight 171 were published on June 12. The AAIB report revealed that both e...Read More
SEOUL/NEW DELHI -- South Korea is preparing to order all airlines in the country that operate Boeing jets to examine the fuel switches at the center of an investigation into a deadly Air India crash that killed 260 people. Fuel switch locks have come under scrutiny after a 2018 advisory from the U.S. Federal Aviation Administration (FAA) figured in a preliminary report into last month's crash of Air India's Boeing 787-8 jet. A spokesperson for the South Korean transport ministry said the check...Read More
NEW DELHI, July 14 (Reuters) - The Indian aviation regulator on Monday ordered Indian airlines to examine fuel switches on Boeing aircraft, including the 787 and 737 models, to check for any malfunctions in their locking mechanism. The Directorate General of Civil Aviation said it had issued the order after several Indian and international airlines began making their owns inspections of fuel switches. Reuters earlier reported that Air India Group had begun inspecting fuel switches on its Boein...Read More
NEW DELHI, July 14 (Reuters) - The Indian aviation regulator on Monday ordered Indian airlines to examine fuel switches on Boeing aircraft, including the 787 and 737 models, to check for any malfunctions in their locking mechanism. The Directorate General of Civil Aviation said it had issued the order after several Indian and international airlines began making their owns inspections of fuel switches. Reuters earlier reported that Air India Group had begun inspecting fuel switches on its Boein...Read More
BEIJING/NEW DELHI (Reuters) -India and China must resolve friction along their border, pull back troops and avoid "restrictive trade measures" to normalise their relationship, India's foreign minister told his Chinese counterpart in Beijing on Monday. India's Subrahmanyam Jaishankar met Wang Yi in Beijing during his first trip to the country since 2020, when a deadly border clash between their troops led to a four-year military standoff and damaged ties until a thaw began in October, when they ...Read More
BEIJING/NEW DELHI - India and China must resolve friction along their border, pull back troops and avoid "restrictive trade measures" to normalise their relationship, India's foreign minister told his Chinese counterpart in Beijing on Monday. India's Subrahmanyam Jaishankar met Wang Yi in Beijing during his first trip to the country since 2020, when a deadly border clash between their troops led to a four-year military standoff and damaged ties until a thaw began in October, when they agreed to...Read More
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by ...Read More
MUMBAI (Reuters) -Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns this year outpaced those of gold. Imports fill most of the demand in the world's largest consumer of silver, where domestic prices touched a record high of 114,875 rupees ($1,336) a kg as a production shortfall spurred investors' hopes for a further rally. "Gold's done pretty well for me over the last couple of yea...Read More
LONDON, July 14 (Reuters) - India pacer Mohammed Siraj has been fined 15% of his match fee and handed one demerit point due to his aggressive reaction after taking Ben Duckett's wicket on day four of the third test at Lord's, the sport's governing body said on Monday. The incident occurred on Sunday when Siraj took opener Duckett's wicket and roared in his face in celebration, with the pair bumping shoulders as the England batter walked back to the pavilion. The International Cricket Council s...Read More
BEIJING (Reuters) -China and India should steadily advance practical cooperation, China's Vice President Han Zheng told India's External Affairs Minister S. Jaishankar on Monday, the official Chinese news agency said. During the meeting in Beijing, Han said both countries should also respect each other's concerns, and promote stable development of bilateral ties, Xinhua reported....Read More
WASHINGTON/NEW DELHI/MONTREAL, July 13 (Reuters) - The U.S. Federal Aviation Administration and Boeing BA.N have privately issued notifications that the fuel switch locks on Boeing planes are safe, a document seen by Reuters showed and four sources with knowledge of the matter said. The FAA's Continued Airworthiness Notification on July 11 came after a preliminary report into Air India's Boeing 787-8 crash, which killed 260 people last month, raised questions over engine fuel cutoff switches. ...Read More
LONDON, July 13 (Reuters) - India took four wickets to seize control of the third test as England paid the price for over-ambitious batting on a lively pitch to crumble to 98-4 at lunch on the fourth day at Lord's on Sunday. With the wicket offering more assistance to the bowlers, England tried to bat positively but Ben Duckett, Zak Crawley, Ollie Pope and Harry Brook all fell cheaply to put India in a strong position to go 2-1 up in the series. Joe Root, on 17, and Ben Stokes, two, were unbea...Read More
Mumbai: Finally, Elon Musk's Tesla is opening its first showroom in India on July 15, 2025 at Bandra Kurla Complex (BKC) in Mumbai. The American Electric Vehicle (EV) manufacturer's India foray comes at a time when Tesla demand in European and Chinese markets has plummeted. Citing Reuters and Bloomberg, media reports said Tesla showroom opening on a 4,000 sq ft retail space at Unit G 1B, 2 North Avenue, Maker Maxity, BKC in Mumbai will not only showcase Tesla models but it will also be an "Exp...Read More
New Delhi: The preliminary report into the tragic crash of Air India Flight 171, marking the first fatal disaster involving a Boeing 787 Dreamliner, offers technical details, a cockpit exchange, and a timeline that lasted barely 30 seconds after takeoff. But for all its clarity on what happened, what remains unclear, and increasingly questioned, is why Boeing's aircraft systems have not come under immediate scrutiny. In fact, the Aircraft Accident Investigation Bureau (AAIB) explicitly states:...Read More
NEW DELHI - Investigators probing a deadly Air India crash said in a preliminary report that the aircraft's engine fuel switches were flipped to an off position briefly, leading to confusion in the cockpit and putting focus on the pilots flying the Boeing 787. Below is a brief profile of the two pilots based on the preliminary investigation report and media reports: The 56-year-old had an airline transport pilot's licence that was valid until May 14, 2026. He had obtained clearances to fly as...Read More
New Delhi [India], July 12 (ANI): Ahead of the Bihar assembly elections, Union Minister and Lok Janshakti Party (Ram Vilas) president Chirag Paswan received a death threat on social media, his party spokesperson Rajesh Bhatt said on Friday. Bhatt also filed a complaint at the Cyber Police Station in Patna in the matter. As per the written complaint, the death threat was issued by an Instagram user under the name 'Tiger Meraj Idisi'. 'The threat was issued due to Paswan's growing popularity. T...Read More
NEW DELHI - The preliminary report from investigators probing the Air India crash that killed 260 people showed that seconds after takeoff, the Boeing 787 plane's engine fuel control switches were switched off briefly, starving them of fuel. Here are a few facts about the switches, their functions in the aircraft and their movements on the Air India flight. They are switches that regulate fuel flow into a plane's engines. They are used by pilots to start or shut down engines on the ground, ...Read More
NEW DELHI - A preliminary report into the Air India crash that killed 260 people in June showed the plane's engines fuel cutoff switches almost simultaneously flipped from run to cutoff, starving the engines of fuel. Here is the sequence of events - by the seconds - on June 12, as detailed by Indian investigators in their preliminary report released on July 12. 05:47 GMT (1.47pm Singapore time) - Air India Dreamliner VT-ANB landed in Ahmedabad from New Delhi as AI423. 07:48:38 GMT - The air...Read More
NEW DELHI (Reuters) -The preliminary report from investigators probing the Air India crash that killed 260 people showed that seconds after takeoff, the Boeing 787 plane's engine fuel control switches were switched off briefly, starving them of fuel. Below are a few facts about the switches, their functions in the aircraft and their movements on the Air India flight. WHAT ARE FUEL SWITCHES? They are switches that regulate fuel flow into a plane's engines. They are used by pilots to start or s...Read More