Mumbai: Adani Defence and Aeronautics, through its JV Horizon Aero Solutions, has agreed to acquire Nagpur-based Indamer Technics, which operates a 30-acre greenfield aircraft Maintenance, Repair and Overhaul (MRO) facility with a capacity for 15 aircraft bays across 10 hangars. Adani Defence has already become India’s largest private MRO operator last year, after it acquired Bengaluru-based Air Works. Horizon Aero Solutions is a 50:50 JV between Adani Defence and Aeronautics and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics. Strategically located in central India, Indamer Technics’ greenfield facility offers all kinds of MRO services, including…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: Noida-based electronic contract manufacturer PG Electroplast Limited (PGEL)’s shares fell almost 35% after the company reported a 20% decline in its net profit from Rs.84 crore in Q1 FY25 to Rs.67 crore in the corresponding quarter this year. The company has attributed this to rising supply costs and thinner margins, a pattern similar to its competitors in the niche. “The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year. However, underlying demand indicators remain robust, and we see significant long-term potential given the relatively low penetration levels…
You may not know him, yet when you do, you cannot ignore him. Born and brought up in Mumbai, Rahool Kanal has grown his influence from his college days to today, where he is well known across social circles, both in Bollywood and otherwise. Active in student politics from his college days, Rahool has experienced the challenges Mumbaikars face every day- from the stark poverty faced by slumdwellers to the delays faced in getting assistance-Rahool wasn’t someone who looked the other way. This desire to help people when they need him drove him to establish the I Love Mumbai Foundation,…
The perception of favouritism in Bollywood casting has persisted even though newcomers have made their mark without any help. Many of these actors from filmy backgrounds haven’t survived in the industry, despite solid backing from their families. Yet, some have made a mark, and mostly without the star power to back them. Tanuj Virwani is one of them. Although not as well-known as Alia Bhatt or Ranbir Kapoor, Tanuj has shown what it takes to create an impression by stepping out of his actor mother’s shadow. The misconception of privilege “People are under this misconception that because my mother is…
Simran’s Instagram feed might look like the same thing everyone else’s doing- traveling experiences abroad, product endorsements, personal achievements and everything that her 70k+ followers would enjoy. But Simran does something that other influencers maybe cannot do- work full time parallely. Being a content creator is no child’s play- behind the glamour and fun of experiencing exotic cultures and experiences are sleepless nights of planning, researching, learning and editing those picture perfect reels that get hundreds of likes and comments. Most influencers have to deal with far greater challenges you can ever think of, even though they may not express…
The Indian entertainment industry is witnessing a sea of change. Once the exclusive domain of visual storytelling, cinema and TV are seeing increased competition from new-age mediums like OTT platforms, YouTube and Instagram. In the last 5 years, multiplexes have seen challenging times and producers have had to find creative ways to keep up engagement. In such an environment, Jackky Bhagnani, an actor and the son of noted Bollywood producer Vashu Bhagnani is doing everything he can to revive the sector, even as the viewing habits of young people are changing. “I think, as a producer, we can’t really change…
Ambition offers hope- for a better life, for a successful life, for a fulfilling life. For small-town girls, fulfilling ambitions can be much more than shopping in glitzy malls or dining at fancy restaurants; it can mean a road to success, fame and recognition, earned not inherited. One 26-year-old from Aligarh has shown how consistent hard work, ambition and making the right connections can make you a celebrity in your own right. Brought up in Aligarh and educated in Delhi, Mahvash began her career as a Radio Jockey at Radio Mirchi, which helped her understand the nuances of engagement and…
In a world dazzled by flash and fast fame, Piyush Jaiiswaal’s rise is quietly radical. At 38, he isn’t just the Co-Founder of the Iconic Gold Awards—he’s a builder of bridges: between talent and opportunity, tradition and innovation, silence and spotlight. His story begins not in a boardroom or on a red carpet, but in the quieter corners of Gujarat, with no inherited fame, no fortune, and no shortcut. What he had instead was purpose. The Spark That Lit a Movement When Piyush arrived in Gujarat, he carried little more than ambition and awareness. One of his first initiatives—the Chocolate…
Mumbai: India’s leading benchmark indices Sensex and Nifty, fell about 1% each as foreign institutional investors ramped up selling due to Trump’s decision to hike tariffs on Indian goods to 50%. The Sensex, India’s leading market benchmark, fell 765 points on August 8, making investors poorer by almost Rs.5 lakh crore. To complicate matters, the Indian Rupee has also relatively weakened against the US Dollar, reaching almost Rs.87 against the dollar, a new high after reaching the same level in February this year. Trade tensions between India and the US have reached a new low on August 6 after the…
Mumbai: India’s largest public sector bank, SBI, has reported a net profit of Rs.19,160 crore in Q1FY26, a growth of 12% from Rs.17,075 crore from the same quarter last year. The PSU’s net interest income fell marginally from Rs.41,126 crore to Rs.41,072 crore this year. Besides this, other income in the quarter rose from Rs.11,162 crore to Rs.17,345 crore, a 55% increase. Analysts had expected the net profit to rise to Rs.17,095 crore. The bank, however, managed to beat this by streamlining its operations and controlling its expenses better. Following this, its operating profit also rose from Rs.26,449 crore in…
