Page 9 - Industry News

Shivraj Singh Chouhan calls for making tree plantation a mass movement

Chouhan started the initiative on February 19, 2021, on Narmada Jayanti. He had planted saplings of 'Rudraksha' and 'Sal' at Amarkantak to mark the occasion

Rare earth permanent magnet production to begin by year-end: Minister

Four states identified for mineral processing parks as India prepares to begin rare-earth magnet production; Canada seeks joint ventures across critical minerals value chain

Air India's aircraft fleet reliability has improved: CEO Campbell Wilson

Air India CEO Campbell Wilson on Thursday said that the airline's fleet reliability has improved and there is also an increased inventory of spares and components. The Tata Group-owned airline has faced issues with its legacy fleet of wide-body Boeing 777s and 787 planes, resulting in flight cancellations and delays. The upgradation of the legacy Boeing 787s has commenced. During a town hall with employees on Thursday, Wilson said operational resilience is one of the airline's focus areas and that there is enhanced fleet reliability now. Both legacy Boeing fleets continue to show improvements as more reliability upgrades are carried out, he said, adding that the inventory of spares and components has gone up. The airline has been doing replacement and upgrade of components to ensure that the aircraft are more reliable. The CEO and MD of the airline also said that over 50 per cent of its wide-body fleet would be modernised by the end of 2026, while the wide-body modernisation is ..

Aluminium long-term fundamentals constructive: Kotak Institutional Equities

Aluminium prices have dropped 6 per cent to $3,056 a tonne from their recent peak of $3,252 on the London Metal Exchange

GalaxEye's OptoSAR satellite to use AI for Earth data analysis

Bengaluru-based private space technology company GalaxEye's upcoming satellite mission, Mission Drishti, will feature NVIDIA Jetson Orin, a powerful compact computer designed to run complex artificial intelligence models, officials said on Wednesday. It will help the satellite accelerate processing and interpretation of Earth observation data in space, and quickly deliver the data to its customers. In a statement, GalaxEye CEO Suyash Singh said, "Taking NVIDIA Jetson Orin to space aboard Mission Drishti is a defining milestone for GalaxEye. Building on our successful in-space demonstration in 2024, we're advancing to next-generation of Earth observation satellites." Mission Drishti will also carry what GalaxEye calls the world's first SyncFused OptoSAR architecture, which integrates Electro-Optical (EO) and Synthetic Aperture Radar (SAR) sensors on a single satellite platform. While EO sensors capture high-resolution images during sunlight and clear skies, SAR sensors provide ...

India must shift from tech services to IP-led nation: HCL's Roshni Nadar

India's technology sector must transition from scale-driven growth to an AI-focused, intelligence-led, and Intellectual Property (IP)-driven model, said Roshni Nadar Malhotra, the chairperson of HCL Technologies, on Thursday. "India must move from being a tech services-led nation to an IP-led nation; services scale with effort. IP scales infinitely," she said while speaking at the AI Impact Summit 2026. She said that future belongs not to those who merely deploy technology, but to those who build, own and shape platforms, models and products. "In the AI economy, value accrues to those who build and own platforms, models and products, not just those who deploy them. That shift is not only economic, it is transformative," she added. Malhotra, who consistently features on the Forbes World's 100 Most Powerful Women list, said that AI carries a dual impact-- it reduces costs through automation while expanding new markets and opportunities. For India to lead in the AI economy, three ...

India may attract $200 bn in data centre investment by 2030: Deloitte

Deloitte says India could see transformative data centre growth supported by policy and renewables, but warns that power supply, grid stability and planning gaps may constrain expansion

Airbus to ramp up H125 helicopter production in India to 10 by 2029

Bullish on the growth potential of the Indian market, aerospace major Airbus plans to produce 10 H125 helicopters annually from the final assembly line, established in collaboration with Tata Advanced Systems in Karnataka, by 2029. Asserting that helicopters can be a tool for "nation building", as well as public services, Airbus Helicopters CEO Bruno Even said efforts would continue to contribute to the development of the ecosystem in India. "We strongly believe in the potential of the helicopter market in India... we strongly believe that H125 helicopters can be a key enabler to boost this civil helicopter market in India," Even told PTI in an interview in the national capital. Airbus, along with Tata Advanced Systems Ltd (TASL), has set up the country's first private sector helicopter Final Assembly Line (FAL) for the H125 at Vemagal in Karnataka. On February 17, Prime Minister Narendra Modi and French President Emmanuel Macron virtually inaugurated the facility. According to Ev

Embraer, Mahindra Group plan to set up MRO base for C-390 aircraft in India

Brazilian aircraft maker Embraer on Thursday announced its plans to establish a maintenance, repair and overhaul (MRO) facility in India, in collaboration with Mahindra Group, for C-390 Millennium aircraft after its selection in the Indian Air Force's Medium Transport Aircraft (MTA) programme. The proposed MRO facility, as part of its localisation strategy in the domestic market, will provide comprehensive maintenance and sustainment for the C-390 fleet, supporting high levels of operational readiness and availability, Embrarer said in a statement. The proposed facility is expected to deliver a full spectrum of services, including base and heavy maintenance, structural inspections and testing, component repair and overhaul, avionics support, and training, it added. The initiative reinforces the companies' joint commitment to positioning the C-390 Millennium as a strong solution for India's future medium transport aircraft requirements. Embaer and Mahindra Group had last October ink

EPAM repositions India as co-innovation hub for life sciences, healthcare

EPAM bets on India as global co-innovation hub for AI-driven life sciences and healthcare expansion

Customer-centric innovation to fuel India's $750 bn IT dream: Gurnani

India is ready to scale up to a USD 750 billion IT industry, driven by artificial intelligence (AI), innovation and companies that deeply understand customer needs, CP Gurnani, former CEO of Tech Mahindra, said on Wednesday. According to the NITI Aayog, the Indian technology services industry is estimated to grow from USD 265 billion this year to USD 750-850 billion by 2035. After stepping down in December 2023, Gurnani founded AIONOS with the vision of building a next-generation services company powered by AI and platform-based models. He believes India's IT industry can grow from USD 275-300 billion at present to USD 750 billion by 2035 but only through innovation, deep customer understanding, and outcome-driven business models. "India is ready for scale up. India is ready for USD 750 billion IT industry. Clearly, the answer lies in innovation. The answer lies in understanding what the customer wants," he said at the India AI Impact Summit 2026. He emphasised that the future of

DDA removes separate parking charges from flat prices in housing schemes

In move that will provide relief to home buyers, the Delhi Development Authority has decided to remove separate parking charges from the total flat price in its housing schemes, officials said on Wednesday. According to a recent order, the Delhi Development Authority (DDA) has directed that the total cost of parking construction shall be included in the overall project expenditure. "No separate or additional cost on account of car garage, scooter garage and covered or uncovered parking shall be included in the total cost of the flat," the order states. The total cost of constructing parking spaces will now be included in the total expenditure incurred for the housing pockets to calculate the Plinth Area Rate (PAR) of flats, the order added. The order applies for all ongoing projects, including the DDA Karmayogi Awas Yojana 2025 (FCFS), DDA Towering Heights Karkardooma Housing Scheme 2025 (E-Auction), DDA Nagrik Awas Yojana 2026 (FCFS) and the DDA Towering Heights Karkardooma Housin

After Agentic AI, machine voice to be next shift in AI evolution: Report

The artificial intelligence landscape is rapidly evolving with Agentic AI as the latest frontier and machine voice will be the next, according to a report released here. Since 2024, Agentic AI has been a leading force in artificial intelligence. Agentic AI leverages GenAI through which systems respond to environments, including prompts, to then plan and auto-execute tasks. However, the next stop in the ever-evolving landscape will be machine voice. According to the report brought out by Prosus and BCG, in the current year and the next, audio input/output models -- using audio input and output speech to text and back -- "reduces latency and enhances emotional maturity". The report was released at the ongoing AI Impact Summit. Over the past three decades, the tech world has seen a transformation from machine learning in the 1990s to deep learning in 2015, followed by Generative AI in 2022. The year 2024 saw the advent of Agentic AI, the report, released on Tuesday, pointed out. Taki

ICAI notifies 2025 global networking rules, mandates registration

ICAI has notified its 2025 global networking guidelines, requiring all international networks involving Indian CA firms to register and appoint a Nodal Officer for compliance

How Meesho's co-founder built e-commerce for price-conscious India

Sanjeev Kumar engineered AI-led systems tailored to low-end smartphones, regional languages and first-time shoppers, helping Meesho scale to 250 million annual transacting users

India invested $13 bn in distributed solar, adding 35 GW in 15 months

Over half of India's 35 GW distributed renewable energy capacity was built in just 15 months, driven by $13 bn in investments under PM Surya Ghar and PM-KUSUM, officials said

People may not need jobs by 2050 as AI advances, says Vinod Khosla

Vinod Khosla told the AI Impact Summit that AI could remove the need for most jobs by 2050, transform white-collar work and unlock near-free healthcare and personalised education for every Indian

Air India, Lufthansa Group plan joint biz agreement to deepen collaboration

Air India and the Lufthansa Group plan to enter into a joint business agreement wherein the two sides will collaborate on multiple strategic areas, including coordinated route planning and flight schedules in specific markets. On Tuesday, both sides entered into a memorandum of understanding (MoU) to establish a framework for a joint business agreement, which will cover Air India, Air India Express, as well as Lufthansa Group carriers and subsidiaries. Those include Austrian Airlines, Brussels Airlines, ITA Airways, Lufthansa, Swiss International Air Lines (SWISS) and other affiliated airlines. The proposed deeper collaboration with Germany's Lufthansa Group is also aimed at tapping opportunities from the India-European Union Free Trade Agreement that was finalised in January. "Subject to requisite regulatory and anti-trust approvals, the carriers intend to collaborate across multiple strategic areas, including coordinated route planning and flight schedules in specific markets for

Payments industry adopts AI-led interfaces, LLMs to reshape transactions

Fintechs, NPCI are deepening AI integration across India's payments stack, from agentic interfaces and conversational payments to domain-specific LLMs designed to streamline disputes and transactions

States asked to speed up rules, nominate officials for Labour Code rollout

Labour Secretary Vandana Gurnani urged states and UTs to nominate officials, accelerate rule finalisation and support training to ensure smooth rollout of the four Labour Codes from FY27