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BusinessJul 12, 2025 05:05 AM

EXPLAINER-What are the fuel switches at the center of the Air India...

NEW DELHI, July 12 (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 ...Read More

The Straits Times - Business - News Image
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BusinessJul 12, 2025 03:09 AM

India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE

NEW DELHI - A preliminary report into the Air India crash that killed 260 people in June showed three seconds after taking off, the plane's engines' fuel cutoff switches almost simultaneously flipped from run to cutoff, starving the engines of fuel. The Boeing 787 Dreamliner immediately began to lose thrust and sink down, according to the report released on July 12 by Indian aviation accident investigators. One pilot can be heard on the cockpit voice recorder asking the other why he cut off th...Read More

Investing.com - Business - News Image
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BusinessJul 12, 2025 02:17 AM

India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE By...

(Reuters) -A preliminary report by Indian aviation accident investigators said on Saturday the fatal Air India crash that killed 260 people in Ahmedabad last month showed the plane engines fuel cutoff switches shifting from cutoff to run within seconds of each other. "At this stage of investigation, there are no recommended actions to Boeing (NYSE:BA) 787-8 and/or GE GEnx-1B engine operators and manufacturers" India's Aircraft Accident Investigation Bureau said. The agency, an office under Ind...Read More

TimesNow - Business - News Image
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BusinessJul 11, 2025 02:17 PM

Tesla's Big India Debut: First Showroom Opens Next Week - Is Your City On The List?

Tesla's Big India Debut: First Showroom Opens Next Week - Is Your City On The List? (Disclaimer: This image was generated using AI and has been verified by the newsroom for accuracy and context) After considerable negotiations, it appears that Elon Musk's Tesla is set to launch in India next week. According to a Reuters report, the American electric vehicle (EV) maker will open its first showroom in the country on July 15. This showroom, referred to as an "experience centre," will be located in...Read More

Reuters - Business - News Image
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BusinessJul 11, 2025 01:45 PM

India needs to boost its petchem output to counter China's dominance, Reliance says

NEW DELHI, July 11 (Reuters) - India needs to increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector, a senior Reliance Industries official said on Friday. Petrochemical margins have shrunk across the world as China's capacity expansion has created a surplus. For some of its refiners, up to 40%-50% of their output can be petchems, more than double typical capacity levels in India. India's petrochemical demand for now i...Read More

The Straits Times - Business - News Image
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BusinessJul 11, 2025 01:12 PM

Elon Musk's Tesla marks formal India entry with Mumbai launch event

MUMBAI - Tesla will open its first India showroom in Mumbai on July 15, having imported US$1 million (S$1.3 million) worth of cars and merchandise, marking its entry into the world's third-largest car market despite CEO Elon Musk's complaints about high import tariffs. Grappling with excess manufacturing capacity at its other factories and falling sales, Tesla has pivoted to selling imported cars in India on which it will need to pay about 70 per cent import duty and other levies. Indian Prime...Read More

Deccan Chronicle - Business - News Image
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BusinessJul 11, 2025 12:42 AM

Hospitals Found Overcharging Patients

NEW DELHI: India plans to bring an existing health insurance claims portal under the finance ministry and insurance regulator to curb overcharging by healthcare providers, a government source told Reuters. Healthcare costs in India are projected to rise by 13 per cent in 2025, exceeding the global average of 10 per cent, and up from 12 per cent recorded a year earlier, according to professional services firm Aon's Global Medical Trend Rates Report. An analysis by the government and the Insuran...Read More

Committee to Protect Journalists - Business - News Image
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BusinessJul 10, 2025 10:49 PM

X accuses India of press censorship after it blocks news outlets' accounts - Committee to Protect Jo...

New Delhi, July 10, 2025 -- The Committee to Protect Journalists calls for greater transparency and due process in how Indian authorities handle social media restrictions, following reports of the temporary block of multiple international news organizations' X accounts over the weekend. X accused the Indian government of censoring the press. "This incident once again underscores the serious lack of transparency and accountability in how the Indian government issues and enforces orders for the r...Read More

Reuters - Business - News Image
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BusinessJul 10, 2025 09:30 PM

India's Zee fundraising fails as shareholders block founding family from raising stake

July 10 (Reuters) - Zee Entertainment Enterprises (ZEE.NS), opens new tab on Thursday failed to secure the required shareholder votes to raise funds by issuing warrants, blocking plans by the founding Goenka family to increase their stake in the broadcaster. The setback comes after the company aggressively cut costs and focused on improving performance in its core businesses following a failed merger with Sony Group Corp's (6758.T), opens new tab India assets. Only 59.5% of shareholders who pa...Read More

Reuters - Business - News Image
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BusinessJul 10, 2025 07:11 PM

India's ban on Jane Street hits options volumes; rebound expected in coming weeks

July 10 (Reuters) - The Indian markets regulator's ban on Wall Street trading giant Jane Street has squeezed volumes in the country's options market, but traders expect activity to snap back as larger investors step in. The Securities and Exchange Board of India (SEBI) on July 4 barred Jane Street from trading and froze $567 million of its funds for manipulation of stock indexes through derivative positions. Jane Street told staff it plans to challenge the order, calling the trades in question ...Read More

Business Recorder - Business - News Image
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BusinessJul 10, 2025 06:14 PM

India automaker Mahindra, parts maker Minda eye local magnet production

NEW DELHI: Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters. China, which produces around 90% of the world's rare earth magnets, put restrictions in April on their export, and while it has restarted some supplies to the United States and Europe, Indian companies are still awaiting clearan...Read More

U.S. News & World Report - Business - News Image
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BusinessJul 10, 2025 04:19 PM

Indian Investigators Told Lawmakers Black Boxes Undamaged in Air India Crash, Sources Say

NEW DELHI (Reuters) -Indian investigators of the deadly Air India airliner crash that killed 260 last month told a meeting of lawmakers that the plane's black boxes were not damaged, two people familiar with the discussions said. The revelation about the devices critical to reconstructing the events leading up to an air crash, comes after Indian media said they were damaged when the London-bound Boeing Dreamliner crashed on June 12, to erupt in a massive fireball. The Aircraft Accident Investi...Read More

Yahoo! Finance - Technology - News Image
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TechnologyJul 10, 2025 04:08 PM

India's TCS misses first-quarter revenue view

BENGALURU (Reuters) -India's Tata Consultancy Services reported lower-than-expected first-quarter revenue on Thursday as clients remained cautious about discretionary spending amid tariff-related uncertainty. Consolidated sales at India's largest IT services firm by revenue rose 1.3% year-on-year to 634.37 billion rupees ($7.40 billion) in the June quarter. Analysts, on average, expected 646.66 billion rupees, as per data compiled by LSEG. ($1 = 85.6690 Indian rupees) (Reporting by Sai Ishwa...Read More

Hindustan Times - Business - News Image
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BusinessJul 10, 2025 03:48 PM

Indian investigators told lawmakers black boxes undamaged in Air India crash, sources say

NEW DELHI, - Indian investigators of the deadly Air India airliner crash that killed 260 last month told a meeting of lawmakers that the plane's black boxes were not damaged, two people familiar with the discussions said. The revelation about the devices critical to reconstructing the events leading up to an air crash, comes after Indian media said they were damaged when the London-bound Boeing Dreamliner crashed on June 12, to erupt in a massive fireball. The Aircraft Accident Investigation B...Read More

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PoliticsBusinessJul 10, 2025 01:20 PM

India Trade Team to Visit US Soon for More Talks, Trade Ministry Official Says

NEW DELHI (Reuters) -A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1. A team of Indian officials on an extended visit to...Read More

Reuters - Business - News Image
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BusinessJul 10, 2025 01:13 PM

India trade team to visit US soon for more talks, trade ministry official says

NEW DELHI, July 10 (Reuters) - A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1. A team of Indian officials on an extende...Read More

The Business Times - Business - News Image
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BusinessJul 10, 2025 07:16 AM

Gold edges higher as Trump tariff moves keep markets on edge

[BENGALURU] Gold prices edged higher on Thursday (Jul 10) as US President Donald Trump's latest tariff announcements kept markets cautious, with investors closely watching trade negotiations, while a slight pullback in the US dollar provided additional support. Spot gold rose 0.2 per cent to US$3,321.04 per ounce, as at 0044 GMT. US gold futures were up 0.3 per cent at US$3,329.10. The US dollar index edged down 0.3 per cent. A lower US dollar makes gold more affordable for overseas buyers. O...Read More

Reuters - Technology - News Image
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TechnologyJul 09, 2025 11:37 PM

India's Manipal Hospitals to buy majority stake in local peer Sahyadri

July 9 (Reuters) - Ontario Teachers' Pension Plan (OTPP) said on Wednesday that it has agreed to sell its majority stake in India's Sahyadri Hospitals Group to Temasek-backed Manipal Hospitals. The pension fund, which acquired the stake in Sahyadri Hospitals in 2022, did not disclose the value of the stake sale. Manipal Hospitals said in a statement that the deal would increase its total bed count to about 12,000, making it one of India's largest hospital networks. In June this year, KKR (KKR...Read More

Yahoo! Finance - Business - News Image
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BusinessJul 09, 2025 05:39 PM

India's Adani Enterprises' public debt issue oversubscribed on launch day, bankers say

MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the sale of two-, three- and five-year bonds. The issue opened for subscription earlier in the day and received bids worth 15 billion rupees as of 5 p.m. IST, the bankers said. It will no...Read More

The Business Times - Business - News Image
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BusinessJul 09, 2025 07:40 AM

Gold rises as fresh Trump tariff threats dampen trade talk hopes

[BENGALURU] Gold edged higher on Wednesday (Jul 9) as US President Donald Trump's latest tariff threats dampened hopes for trade talks, but a stronger US dollar and higher Treasury yields capped gains. Spot gold rose 0.2 per cent to US$3,305.50 per ounce as at 0106 GMT. US gold futures fell 0.1 per cent to US$3,314.50. On Tuesday, Trump said he would impose a 50 per cent tariff on imported copper and introduce long-threatened levies on semiconductors and pharmaceuticals. The president sent ta...Read More

The Charlotte Observer - Technology - News Image
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TechnologyJul 09, 2025 02:23 AM

India allegedly orders 2,355 X accounts blocked

July 8 (UPI) -- The Indian government on Thursday ordered the X social media platform to ban 2,355 accounts within the country, including at least two media accounts, X officials announced on Tuesday. Officials for X called the bans "press censorship" that initially included the accounts for the Reuters and Reuters World wire services, which X blocked on Saturday. "The Ministry of Electronics and Information Technology demanded immediate action -- within one hour -- without providing justifica...Read More

The Times of India - Technology - News Image
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TechnologyJul 09, 2025 02:01 AM

Didn't ask for blocking of Reuters handle, says government as X cries 'censorship' | India News - Ti...

NEW DELHI: The blocking of Reuters and ReutersWorld handles on X has triggered a fresh war of words between the social media platform and govt, with both sides blaming each other. The matter may end up in court, X suggested.In a post, X's global government affairs team said that on July 3, govt had ordered it to block 2,355 accounts in India, including international news outlets such as Reuters and ReutersWorld."Non-compliance risked criminal liability. The ministry of electronics and informatio...Read More

LatestLY - Business - News Image
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BusinessJul 09, 2025 12:13 AM

India News | Himachal CM Inspects Four-lane Widening Impact in Dhalli-Bhattakufar, Assures Support t...

Shimla (Himachal Pradesh) [India], July 8 (ANI): Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Tuesday evening visited the Dhalli and Bhatta Kufar areas of Shimla to assess the ongoing four-lane widening work being undertaken by the National Highways Authority of India (NHAI) on the Shimla-Parwanoo highway. His visit comes days after a five-storey building collapsed in the Bhatta Kufar area following heavy rainfall, with six other structures declared unsafe and evacuated by the dist...Read More

LatestLY - Business - News Image
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BusinessJul 09, 2025 12:12 AM

India News | Uncontrolled Sale of Agricultural Land in Uttarakhand Completely Banned | LatestLY

Dehradun (Uttarakhand) [India], July 8 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami has said that land law has come into force in the state for land management and land system and reform. With this, in accordance with public sentiment, the uncontrolled sale of agricultural and horticultural land in Uttarakhand has been completely banned, the Chief Minister's office said in a press release. Continuous action is also being taken against those who violate the provisions of the Land Act. A...Read More

LatestLY - Business - News Image
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BusinessJul 08, 2025 11:47 PM

India News | Himachal Pradesh: Monsoon Death Toll Reaches 85, 54; 31 Dead in Road Accidents, Says S...

Shimla (Himachal Pradesh) [India], July 8 (ANI): The death toll from the ongoing monsoon fury in Himachal Pradesh has risen to 85, with 54 people losing their lives due to rain-triggered disasters like landslides, cloudbursts, flash floods, and drowning incidents, while 31 people have died in road accidents said State Disaster Management Authority on Tuesday. According to the State Disaster Management Authority's latest cumulative report, since June 20 2025, when monsoon officially set in the s...Read More

LatestLY - Politics - News Image
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PoliticsJul 08, 2025 11:47 PM

India News | Assam Minister Launches 5-day Training Program for Panchayat Presidents in Guwahati | L...

Guwahati (Assam) [India], July 8 (ANI): Assam Panchayat and Rural Development Minister Ranjeet Kumar Dass on Tuesday inaugurated a training session for elected Gaon Panchayat (Village Panchayat) Presidents at the Golap Borbora State Institute of Rural Development in Guwahati. On the first day of the program, 75 elected Presidents from Sonitpur district participated in the training. The session marked the beginning of a five-day training module aimed at strengthening grassroots governance throug...Read More

LatestLY - Business - News Image
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BusinessJul 08, 2025 11:36 PM

India News | 485 People Are Currently on Nipah Virus Contact List in Kerala, Says Health Minister Ve...

Thiruvananthapuram (Kerala) [India], July 8 (ANI): Health Minister Veena George on Tuesday informed that a total of 485 people are currently on the Nipah virus contact list in Kerala as containment measures intensify across districts, according to the official statement. According to the Health Department, Malappuram district has 192 contacts under observation, followed by Palakkad with 176, Kozhikode with 114, Ernakulam with 2, and Kannur with 1. Also Read | Did Indian Government Direct Elon ...Read More

The Manila times - Politics - News Image
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PoliticsJul 08, 2025 09:46 PM

US restores $6.8-million aid for Tibet

NEW DELHI -- The United States has restored $6.8 million in funding for Tibetans in South Asia, the US State Department told Reuters on Tuesday, confirming comments by Tibet's government-in-exile. The aid had been cut by President Donald Trump's administration as part of its "America First" policy that hit a number of programs, including those aimed at securing food and preventing the spread of HIV in some of the world's poorest regions. Last week, the leader of the Tibetan government-in-exile...Read More

ETV Bharat News - Technology - News Image
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TechnologyJul 08, 2025 08:51 PM

Govt Denies Making Any Fresh Demand For Blockage Of Global Wire Agency's X Account

New Delhi: The government on Tuesday said it has not made any fresh requests to block access to certain X accounts in the country and that it had proactively got blockage of a prominent international wire agency lifted. The statement came as the Elon Musk-owned platform asserted that the government of India, on July 3, sought the blocking of over 2,300 X handles in India. The list, it claimed, included the handle Reuters in India. "The Government has not issued any fresh blocking order on 3rd J...Read More

Free Malaysia Today - Technology - News Image
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TechnologyJul 08, 2025 07:11 PM

X blasts India's 'censorship' order on thousands of accounts

NEW DELHI: Social media platform X said today it was "deeply concerned" after the Indian government ordered it last week to block 2,355 accounts, including two Reuters news agency accounts. Many of the blocked accounts were restored hours later, with New Delhi specifically denying its role in the takedown. India, the world's biggest democracy, regularly ranks among the top five countries for the number of requests made by a government to remove social media content. "On July 3, 2025, the Indi...Read More