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IAF’s fifth-generation stealth fighter project: US’ General Electric (GE) has said that it is ‘very interested’ in making engines for India’s fifth-generation stealth fighter project. It will compete to manufacture engines for the Indian Air Force’s fifth-generation stealth fighter and advanced medium combat aircraft, GE chairman and CEO Larry Culp said. The aerospace giant views India as a key strategic market for both civilian and military aerospace operations, according to Culp.GE is also working to speed up delivery of F-404 jet engines to India’s Hindustan Aeronautics (HAL). GE says it has accelerated the supply of jet engines to HAL for the Tejas Mark-1A fighter programme, which has experienced significant delays. The company delivered its first F-404 engine from a total order of 99 units in March, approximately two years later than planned.“That is our intent and we’ve communicated that to everyone,” Culp said. “We are working with the suppliers to ramp their capability. We’re making good progress. I just look at April and May of this year compared to where we were in the first quarter—we’ve seen a double-digit increase in the number of receipts,” he told ET in an interview.
India’s 5th Generation Fighter Jet Project
“We are very interested,” Culp said. “If you look at what we’re doing with the Tejas with our 404 engines, we are right in the middle of probably what matters most in that regard. The US and India enjoy a very strong relationship. So we are here, we want to be supportive and are engaged so we possibly can be.”Also Read | India’s defence exports surge to record high of Rs 23,622 crore in FY25; 34-fold increase from 2013-14India revealed its plans to expedite the development of a domestic fifth-generation stealth fighter last month. This announcement followed shortly after Operation Sindoor against Pakistan.The development of a crucial high-thrust engine component is expected to proceed through collaboration with an international manufacturer. GE will encounter competition from other industry leaders, including Safran and Rolls-Royce.
Tejas Mark-1A delays
Air Chief Marshal AP Singh, the IAF chief, has expressed worries regarding delays in acquiring essential military equipment. Production capacity limitations amongst manufacturers are causing setbacks in both defence programmes and commercial aviation deliveries.Culp indicated that despite implementing various measures to reduce the impact of delays, resolving supply chain issues will require additional time.“The progress we’re achieving is substantial, both within GE and throughout the sector,” he stated. “However, considering the yearly rise in demand projections, supply chain discussions will persist. This reflects our current position within a significant growth cycle.”Also Read | ‘Make in India’ defence boost: Advanced version of BrahMos missile may be manufactured in Uttar Pradesh; India & Russia begin talksGE intends to establish a civilian aircraft engine maintenance, repair and overhaul (MRO) facility in India when operational volumes reach suitable levels.“It’s not a question of possibility but rather timing,” he explained. “We need to ensure adequate market volume exists to justify such investment commitments.”GE currently operates over 1,400 engines in India, which power both narrow and wide-body aircraft, with future orders amounting to approximately 2,500 units.“These figures clearly demonstrate India’s significance as a key market for our operations,” Culp remarked.
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Modi’s Asia Double Play: Japan Now, China Next — What India Wants (and Risks)
ndia has kicked off a tightly choreographed Asia tour at a delicate moment. Prime Minister Narendra Modi is in Tokyo first, meeting Japan’s Prime Minister Shigeru Ishiba, before flying to Tianjin for the SCO summit hosted by China. The sequencing matters: Japan is a steadfast strategic and economic partner; China is a rival with whom India still needs a functional modus vivendi. The backdrop? Up to 50% US tariffs on Indian exports, which raise the premium on diversified trade and investment ties. ReutersAP NewsThe Times of IndiaThe Guardian Why Japan first Tokyo and New Delhi are doubling down on a “special strategic and global partnership” built over two decades. Expect deliverables in economic security (critical minerals, supply chains), high-tech collaboration, and infrastructure. Reports suggest the leaders are setting a decade-long joint vision and pushing private-sector investment goals alongside people-to-people exchanges […]
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Luxury skincare expansion: L’Oreal acquires majority stake in Medik8; announces 1 billion Euro deal
[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]
270 million pulled out of poverty! How Modi government achieved a remarkable dip in extreme poverty & what’s the road ahead? Explained
[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]
Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
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