Business

27 Jul

Turkish Airlines signs multi-year pilot training deal with CAE

Business BureauBusiness

Turkish Airlines has signed a multi-year agreement with aviation training technology company CAE for the delivery of five full-flight simulators (FFS) and two flight training devices (FTD), with an option to acquire two additional full-flight simulators, as part of its long-term strategy to expand pilot training capacity. The agreement was signed at the Farnborough Airshow and supports the airline's 10-year flight training investment plan as it continues to expand its global fleet and route network. The simulators and training devices will be installed at Turkish Airlines' new Flight Training Center, construction of which began earlier this year. The simulator hangars…

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27 Jul

Axis Max Life expands retirement offerings with Smart RISE launch

Business BureauBusiness

Axis Max Life Insurance Ltd. has strengthened its retirement product portfolio with the launch of Smart Retirement Income with Sustained Earnings Plan (Smart RISE), a solution that combines a guaranteed annuity with a NIFTY 50-linked variable annuity to offer customers both predictable retirement income and exposure to equity market growth.The newly launched plan allows policyholders to customise their retirement timeline by choosing a deferment period during which the retirement corpus can accumulate before regular annuity payments begin. Following the deferment phase, customers receive a fixed guaranteed annuity throughout the policy term along with a variable annuity linked to the performance…

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27 Jul

Turkish Airlines joins SAFFA Fund to strengthen sustainable aviation fuel strategy

Business BureauBusiness

Turkish Airlines has joined the SAFFA Fund I, LP, an investment fund dedicated to accelerating the production of sustainable aviation fuel (SAF), marking a significant step in the airline's long-term sustainability and supply chain strategy. The agreement will enable the airline to support the expansion of SAF production while strengthening its access to sustainable fuel supplies as the global aviation industry intensifies efforts to reduce carbon emissions. Established in December 2023 and managed by Burnham Sterling Asset Management LLC (BSAM), the SAFFA Fund invests in technologically mature SAF projects across multiple production technologies and geographic regions. Airbus serves as the…

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27 Jul

Turkish Airlines signs deal for 12 new flight simulators to boost pilot training

Business BureauBusiness

Turkish Airlines has signed an agreement with Turkish defence and technology company HAVELSAN for the supply of 12 new flight simulators as the airline accelerates preparations for its long-term fleet expansion and pilot training requirements. The order comprises eight Full Flight Simulators (FFS) and four Flight Training Devices (FTD), supporting the airline's goal of expanding its fleet to more than 800 aircraft by 2033. The simulators, designed and manufactured entirely in Türkiye, will be installed at Turkish Airlines' expanding training infrastructure, including new simulator hangars currently under development and a Flight Training Center scheduled for completion in 2028. The airline…

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27 Jul

First dengue vaccine gets DCGI approval in India, boosting disease prevention

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India has approved its first dengue vaccine, with the Drug Controller General of India (DCGI) granting market authorisation to Takeda Biopharmaceuticals India Pvt. Ltd.'s QDENGA (TAK-003) for the prevention of dengue in individuals aged 4 to 60 years. The approval comes amid a sharp rise in dengue cases, with reported infections increasing 11-fold over the past two decades. India accounts for nearly one-third of the global dengue burden, with over 1.13 lakh cases reported in 2025. QDENGA is designed to protect against all four dengue virus serotypes and can be administered without prior dengue infection or pre-vaccination testing. The vaccine…

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27 Jul

Three athletes of Odisha AM/NS India Gymnastics High-Performance Centre to represent India in the Commonwealth Games 2026

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Three athletes of Odisha AM/NS India Gymnastics High Performance Centre (Odisha AM/NS GHPC) to represent India in the Commonwealth Games 2026 to be held in Glasgow, Scotland during July 23 – August 02, 2026. Out of the eight athletes in artistic gymnastics category, three athletes — Tapan Mohanty, Tapeswaranath Das and Olympian Pranati Nayak are part of the Odisha AM/NS GHPC. Tapan Mohanty and Tapeswaranath Das are part of the India Men's Team in the Men's Artistic Gymnastics (MAG) category. Olympian Pranati Nayak is part of the India Women’s Team in the Women's Artistic Gymnastics (WAG) category. This achievement highlights…

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25 Jul

SpaceX Executes 13th Starship Test Flight from Texas, Achieving First In-Space Satellite Deployment

anuprovaBusiness

SpaceX successfully launched its 13th integrated test flight of the massive Starship rocket system from its Starbase facility in Boca Chica, Texas, achieving major technological milestones despite a partial anomaly during booster recovery. Powered by 33 Raptor engines, the world's largest launch vehicle lifted off on a suborbital path after previous countdown attempts were delayed by engine ignition issues and adverse weather. During coast phase in space, the upper stage deployed a batch of 20 next-generation Starlink Version 3 satellites—marking Starship's first operational payload delivery demonstration. Following stage separation, the Super Heavy first-stage booster experienced a hard splashdown in the…

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24 Jul

Gold Heads for Weekly Gain as Middle East Hostilities Fuel Safe-Haven Demand Amid Federal Reserve Rate Uncertainty

anuprovaBusiness

Gold prices held on track for a weekly gain as ongoing military conflict in the Middle East sustained demand for safe-haven assets, even as volatile crude oil prices created uncertainty around the U.S. Federal Reserve’s monetary policy outlook. Spot gold traded higher around $4,059 per ounce, supported by persistent geopolitical friction following U.S. strikes on Iranian targets and Houthi-linked threats to Red Sea energy shipping lanes. The geopolitical strain briefly propelled Brent crude above $100 a barrel, renewing fears that elevated energy costs could reignite inflationary pressures and compel the Federal Reserve to keep interest rates higher for longer or…

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24 Jul

Nestlé India reports strong Q1 with 25.4% sales growth, profit jumps 47.9%

Business BureauBusiness

Nestlé India posted a robust performance for the first quarter of FY2026-27, reporting a 25.4% increase in total sales to ₹6,363.3 crore, driven by strong volume growth across all four product groups. Profit After Tax (PAT) surged 47.9% year-on-year to ₹975.1 crore, while the company maintained a healthy EBITDA margin of 24.2%, supported by accelerated cost savings and over 40% higher advertising investments. Exports grew 35.6% despite geopolitical headwinds, while earnings per share stood at ₹5.06. Chairman and Managing Director Manish Tiwary attributed the performance to sustained consumer trust, execution excellence and broad-based demand across channels. The quarter saw the…

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23 Jul

Shyam Steel breaks ground on Rs 10,000-crore integrated steel plant in Bankura

Business BureauBusiness

Shyam Steel Group on Friday laid the foundation stone for its proposed 2-million-tonnes-per-annum (MTPA) integrated steel plant at Mejia in West Bengal's Bankura district, marking the start of a Rs 10,000-crore expansion project aimed at significantly boosting the state's steel manufacturing capacity. The foundation stone was laid by West Bengal Chief Minister SuvenduAdhikari in the presence of state ministers and senior company officials. The project will include a Direct Reduced Iron (DRI) unit, pellet and beneficiation facilities, a steel melting shop and a high-speed rolling mill for TMT bars and structural steel. With the new facility, Shyam Steel's finished steel…

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