India Orders Fuel-Switch Inspection on Boeing Jets After Report
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India's civil aviation authority has ordered an inspection of cockpit fuel switches on Boeing Co. 737 and 787 aircraft operating in the country following a preliminary report into the deadly crash of an Air India 787 last month that was caused by a cut-off in kerosene supply.
The Directorate General of Civil Aviation asked operators to complete the inspections within a week to ensure continued airworthiness and safety of operation, according to a statement on Monday.
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Yahoo
41 minutes ago
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ReNew Announces Results for the First Quarter for Fiscal Year 2026 (Q1 FY26), ended June 30, 2025
43% surge in Adj. EBITDA YoY and 13x increase in PAT; 23% growth in operating MWs YoY GURUGRAM, India, August 13, 2025--(BUSINESS WIRE)--ReNew Energy Global Plc ("ReNew" or "the Company") (Nasdaq: RNW, RNWWW), a leading decarbonization solutions company, today announced its unaudited consolidated IFRS results for the three-month period ended June 30, 2025. Operating Highlights: As of June 30, 2025, the Company's portfolio consisted of ~18.2 GWs (+1.1 GWh BESS), compared to ~15.6 GWs as of June 30, 2024. In addition, the Company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing which is operational and is building a 4 GW cell manufacturing facility. The Company's commissioned capacity has increased 14.8% year-over-year to ~11.1 GWs (+150 MWh BESS) (net of 600 MWs of assets sold since Q1 FY25) as of June 30, 2025. Subsequently, we commissioned additional 50 MWs in July 2025. Total Income (or total revenue) for Q1 FY26 was INR 41,182 million (US$ 480 million), compared to INR 24,903 million (US$ 290 million) for Q1 FY25. Revenue from sale of power for Q1 FY26 was INR 25,473 million (US$ 297 million), compared to INR 22,335 million (US$ 260 million) for Q1 FY25. Net profit for Q1 FY26 was INR 5,131 million (US$ 60 million) compared to INR 394 million (US$ 5 million) for Q1 FY25. Adjusted EBITDA for Q1 FY26 was INR 27,220 million (US$ 317 million), as against INR 18,979 million (US$ 221 million) in Q1 FY25. Total income (or total revenue) for Q1 FY26 from our module and cell manufacturing operations was INR 13,223 million (US$ 154 million). Net profit and Adjusted EBITDA for Q1 FY26 from external sales from our module and cell manufacturing operations was INR 3,562 million (US$ 42 million) and INR 5,292 million (US$ 62 million) respectively. Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.74 to US$ 1.00. FY26 Guidance The Company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of Fiscal Year 2026. The Company's Adjusted EBITDA and Cash Flow to Equity guidance for FY26 are subject to weather and resource availability. The Company anticipates continued net gains in sales of assets, which is part of ReNew's capital recycling strategy, and has included INR 1-2 billion related to asset sales in the Adjusted EBITDA. The Company now expects external sales from our module and cell manufacturing to contribute INR 8-10 billion of Adjusted EBITDA against such sales in this guidance. Financial Year Adjusted EBITDA Cash Flow to equity (CFe) FY26 INR 87 – INR 93 billion INR 14 – INR 17 billion Note: the translation of Indian rupees into U.S. dollars has been made at INR 85.74 to US$ 1.00. Webcast and Conference call information A conference call has been scheduled to discuss the earnings results at 8:30 AM EDT (6:00 PM IST) on August 14, 2025. The conference call can be accessed live at: or by phone (toll-free) by dialing: US/ Canada: (+1) 855 881 1339France: (+33) 0800 981 498Germany: (+49) 0800 182 7617Hong Kong: (+852) 800 966 806India: (+91) 0008 0010 08443Japan: (+81) 005 3116 1281Singapore: (+65) 800 101 2785Sweden: (+46) 020 791 959UK: (+44) 0800 051 8245Rest of the world: (+61) 7 3145 4010 (toll) An audio replay will be available following the call on our investor relations website at Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding our future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long-term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; our limited operating history, particularly as a relatively new public company; our ability to attract and retain relationships with third parties, including solar partners; our ability to meet the covenants in our debt facilities; meteorological conditions; supply disruptions; solar power curtailments by state electricity authorities and such other risks identified in the registration statements and reports that our Company has filed or furnished with the U.S. Securities and Exchange Commission, or SEC, from time to time. Portfolio represents the aggregate megawatts capacity of solar power plants pursuant to PPAs, signed or allotted or where we have received a letter of award. There is no assurance that we will be able to sign a PPA even though we have received a letter of award. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. About ReNew Unless the context otherwise requires, all references in this press release to "we," "us," or "our" refers to ReNew and its subsidiaries. ReNew is a leading decarbonization solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of ~18.2 GW (+1.1 GWh BESS) on a gross basis as of August 13, 2025, is one of the largest globally. In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that are increasingly integral to addressing climate change. For more information, visit and follow us on LinkedIn, Facebook, Twitter, and Instagram. View source version on Contacts Press Enquiries pr@ Investor Enquiries Anunay Shahi, Nitin Vaid | ir@
Yahoo
an hour ago
- Yahoo
Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Virgin Australia
NEWPORT BEACH, Calif., August 13, 2025--(BUSINESS WIRE)--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-8 MAX aircraft to Virgin Australia. This is the third and final aircraft to deliver to the carrier from ACG's order book with Boeing. About Aviation Capital Group Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of June 30, 2025, leased to roughly 90 airlines in approximately 50 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit View source version on Contacts Media RelationsMediaRelations@ Investor RelationsInvestorRelations@ Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Even Salman Khan couldn't save India's crypto scene
Even Salman Khan couldn't save India's crypto scene originally appeared on TheStreet. For two years running, India has topped the world in grassroots crypto adoption, according to Chainalysis. Estimates suggest between 90 and 100 million Indians have owned or used cryptocurrency — roughly 6 to 7% of the country's 1.4 billion people. The only country to see higher crypto trading volumes over that period? The United States. On paper, India looks like a crypto powerhouse. In reality, the market is suffocating. Trading volumes on Indian exchanges have cratered since the government introduced a punishing tax regime in 2022: a flat 30% tax on gains, no offsetting losses, and a 1% tax deducted at source (TDS) on every trade. The industry operates in a gray zone — not banned, but not officially recognized as legal tender — with the Reserve Bank of India maintaining a skeptical stance, as per CNBC TV18. The result is a curious paradox: millions of Indians hold crypto, but much of the real trading action has gone offshore. Those who remain in the domestic market often find themselves trapped between enthusiasm and exhaustion. And if there was ever a project to bridge India's pop culture dominance with its crypto curiosity, it was BollyCoin. Bollywood meets the blockchain In 2021, filmmaker Atul Agnihotri — with none other than Salman Khan as the face of the brand — launched BollyCoin with the promise to 'bring Bollywood to the blockchain.' The concept was irresistible: digital collectibles from classic Hindi films, official partnerships with production houses like Salman Khan Films and Arbaaz Khan Productions, and the megastar himself posting, 'Kya aap excited ho? [Are you excited] Salman Khan Static NFTs coming on @bollycoin'. Fans were. Reports show BollyCoin sold its entire pre-sale of 20 million tokens in just 30 days, raising about $2 million. Its first NFT drop featured scenes and assets from the Dabangg franchise, one of Salman's biggest hits. The token (BOLLY) ran on Ethereum's ERC-20 standard and later bridged to Polygon for lower transaction fees. The total supply was set at 100 million, and holders could use BOLLY tokens to buy NFTs on the platform. In 2022, the team introduced a 'lock-in' staking scheme where holders could lock tokens for up to 24 months in exchange for monthly USDT payouts. They even launched a 'Bolly Council' governance system, allowing the community to vote on project direction. For a while, it worked. BollyCoin was the perfect storm of Bollywood glamor and blockchain hype. Until it wasn't. At press time, BollyCoin's official website was defunct. The last post made by the project on their Instagram account dates back to July 2024. Fade to black Within a year, marketplace trading volumes collapsed, and the BOLLY token lost more than 90% of its value. By late 2022, the dream of Bollywood's NFT empire had evaporated. It wasn't alone. In the same year, the cricket-themed NFT platform Rario, backed by cricket legend Sachin Tendulkar, was riding high on fan engagement. Players like Arshdeep Singh even launched their own digital collectibles on Rario. But with the NFT market's global cooldown and India's domestic tax squeeze, momentum faded fast. Other Indian crypto ventures met a similar fate. NanoHealthCare Token (NHCT), launched in 2018 to revolutionize healthcare with blockchain, was abandoned by April 2020. By 2023, dozens of play-to-earn gaming projects had shuttered after failing to sustain token economies. TheStreet Roundtable reached out to both Rario and BollyCoin for comment but had not received a response by the time of publication. The failures aren't just about bad business models — they're about operating in an environment designed to discourage crypto innovation. The regulatory squeeze Since April 2022, every crypto transaction in India — even swapping one coin for another — has attracted a 1% TDS. The 30% tax on profits mirrors the highest slab rate for gambling winnings. Losses can't be offset against gains, meaning one bad trade can erase the benefit of several good ones for tax purposes. The government defends these rules as necessary for transparency and tracking, but industry leaders warn they're killing the domestic market. According to the Esya Centre, a Delhi-based policy think tank, Indian exchanges lost over 81% of their trading volumes in the months after TDS was introduced. Many traders simply moved to offshore platforms that don't enforce Indian tax rules. Meanwhile, the Reserve Bank of India maintains its stance that cryptocurrencies pose risks to financial stability. There's no roadmap for regulation that might legitimize the industry, leaving projects like BollyCoin in limbo. India's 30% tax on crypto gains pulled in about $32.4 million in financial year 2022 to 2023 and $52.7 million in financial year 2023 to 2024, despite no clear regulations for the sector. Data for 2024 to 2025 isn't available yet, as filings are still underway. Bollywood couldn't beat the blockade BollyCoin's collapse says as much about India's crypto climate as it does about the fickle nature of NFT hype cycles. From 2021 to 2025, the trading volume of the NFT market decreased by 93%. Even with Salman Khan's star power and a built-in Bollywood fanbase, the project couldn't escape the gravity of declining NFT interest, low domestic liquidity, and high barriers to participation. When India's grassroots adoption numbers are so high, you'd expect more homegrown crypto success stories. But the few that have tried — from Bollywood NFTs to cricket collectibles — have mostly fizzled. Not because Indians aren't interested, but because the environment doesn't reward sticking around. The irony is sharp: India is a global leader in Web3 talent, with its developers powering major projects abroad, yet its domestic crypto economy is locked in survival mode. And it's also a reminder: mass adoption doesn't always mean mass participation. Tens of millions of Indians may own crypto, but until the rules change, the country's biggest crypto plays will keep premiering somewhere else. After all, if even Salman Khan couldn't keep the cameras rolling, what chance does anyone else have? Even Salman Khan couldn't save India's crypto scene first appeared on TheStreet on Aug 13, 2025 This story was originally reported by TheStreet on Aug 13, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
