Aerospace

MTAR said it received a purchase orders valued at $48.68 million at an exchange rate of ₹96 (₹467.30 crore) from an international entity.

Favourable demand trends, coupled with global supply chain realignment and a strengthening domestic manufacturing ecosystem, continue to expand the opportunity landscape, Sansera's management said.

MTAR Technologies hit a new high of ₹7,404.95, skyrocketing 543 per cent from its April 7, 2025 price of ₹1,152 on the BSE.

Andhra Pradesh Chief Minister N Chandrababu Naidu urged industries to generate power within factory premises and invest in the state's aerospace sector

Skyroot Aerospace has raised nearly $60 million at a $1.1 billion valuation as the private space company prepares for the maiden launch of its Vikram-1 orbital rocket

The company is developing in-house design platforms for key components as it shifts from a build-to-print model to a design-led player higher up the value chain

Today's Opinion wrap tracks RBI's bank board concerns, India's satellite strides, gaps in economic guidance, China's consumption debate, and a memoir on rural farming journeys

State-run aerospace behemoth HAL on Friday said Ravi K has assumed charge as the 22nd Chairman and Managing Director of the company. He succeeded D K Sunil, who superannuated on April 30. Ravi brings over 30 years of experience across various sectors such as A&D, manufacturing and electronics, the Hindustan Aeronautics Limited (HAL) said in a release. Prior to this, he was the Director (Operations) at HAL, where he led strategic planning and played a key role in securing HAL's Maharatna status. "My vision is to transform HAL into a globally competitive aerospace and defence enterprise, driven by innovation, Artificial Intelligence (AI), operational excellence, and people," Ravi said. He has held key leadership roles, including Executive Director and General Manager of the LCA Tejas Division, as well as Executive Director (Corporate Planning). During his tenure, he concluded various big-ticket contracts for HAL, such as the contract to supply 180 LCA Tejas to the Indian Air Force,

MTAR, as Bloom's key supplier of critical hot box assemblies (commanding 60-70 per cent wallet share), is not merely a beneficiary of this theme but an irreplaceable enabler of it, MOFSL said.

The depot facility will be owned, operated, and maintained by the Indian Air Force, with GE Aerospace providing technical inputs, training, support staff

India and Brazil are poised to sign private-sector agreements across pharma, aerospace, ethanol and trade during President Lula's visit, as both nations expand cooperation in critical minerals and AI

Calling Bengaluru a global symbol of innovation and skilled manpower, Singh said the city and GTRE will play a crucial role in India's journey towards becoming a developed nation by 2047

The Tamil Nadu government on Monday signed two separate Memoranda of Understanding (MoUs) with Japanese electronics major MinebeaMitsumi and Bengaluru-based Aequs Group, involving a combined investment of Rs 5,980 crore. The agreements, signed in the presence of Chief Minister M K Stalin at the Secretariat, here, are expected to generate employment for 8,400 people across the semiconductor and aerospace sectors, an official release said. NMB Minebea India Private Limited, a subsidiary of Japan's MinebeaMitsumi, has committed an investment of Rs 1,980 crore to establish a manufacturing and research and development centre in Tiruvallur district. The facility, to be located at the Mahindra Origins Industrial Park, will focus on a complete manufacturing ecosystem for high-value semiconductors, including Insulated-Gate Bipolar Transistors (IGBT) and Integrated Circuits (IC), as well as motors and sensors. This project is slated to create 1,400 jobs, with more than 40 per cent of the role

Chennai-based space tech start-up will use its patented upper-stage platform to host AI data modules in orbit, with NeevCloud as its first customer

Goldman Sachs highlighted three major tailwinds for the sector, including an 18 per cent Y-o-Y increase in capital procurement in the Union defence budget for FY27, and the proposed India-EU FTA

A brief US ban on jet engine exports left Comac far short of its C919 delivery targets, showing China's dependence on GE-Safran engines amid trade tensions

The study showed that growth has been consistent year-on-year rather than driven by short-term spikes, reflecting long-cycle modernisation and indigenisation programmes

D-Propulse is building an indigenous rotating detonation engine (RDE)-based propulsion system

Avantel's revenue from operations came in at ₹51.71 crore in Q3FY26, down 26.83 per cent from ₹70.68 crore in the December 2024 quarter