Dassault Partners With Tata to Make Jet Fighter Frames in India
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Tata Advanced Systems will manufacture airframes of Rafale fighter jets for French defense manufacturing giant Dassault Aviation SA in a move aimed at strengthening India's domestic aerospace industry.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
France to produce drones in Ukraine, minister says
French automotive and defense companies will produce drones on Ukrainian soil, French Defense Minister Sebastien Lecornu announced on June 6, Le Monde reported. "We are going to embark on a completely unprecedented partnership where a large French car company – I won't name it because it's up to them to announce it – will join forces with a French defense SME (small to medium-sized enterprise) to equip production lines in Ukraine to be able to produce drones," Lecornu said, as quoted by the newspaper. Lecornu did not specify the types of drones to be produced. He said that, apart from Ukraine, the drones will be also provided "to our own armies… to have ongoing tactical and operational training that reflects the reality." Lecornu also said there is "no need" to send French citizens to work on the production line, since it will be set up in Ukraine, where Ukrainians "are better than us at designing drones and especially at developing the strategies that accompany them." Since the start of the full-scale invasion, Ukraine has been developing and deploying technological innovations and cutting-edge unmanned systems. Both Ukraine and Russia have increasingly relied on drone warfare, using aerial, naval, and ground-based drones for reconnaissance and combat missions. In late March, presidential advisor Alexander Kamyshin said in an interview with Radio Khartia that Ukrainian manufacturers had the capacity to produce over 5 million FPV drones per year. Read also: Ukraine war latest: Russia hits Ukraine with large-scale attack days after Operation Spiderweb; Ukraine targets Russian air bases in 'preemptive strike' We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
an hour ago
- Yahoo
Viatris (VTRS) Faces Securities Fraud Class Action Over FDA Inspection Fallout
On May 31, 2025, Viatris Inc. (NASDAQ:VTRS) became the subject of a securities fraud class action lawsuit filed in the U.S. District Court for the Western District of Pennsylvania. The suit alleges that between August 8, 2024, and February 26, 2025, the company and certain executives made materially false or misleading statements regarding the operational status of its Indore, India manufacturing facility. Ralf Kleemann/ The complaint centers on Viatris' public assurances that its facilities were in "good operating condition" and committed to "the highest quality manufacturing standards." However, following a failed inspection, the U.S. Food and Drug Administration issued a Warning Letter and Import Alert in December 2024 that affected 11 products, including the cancer drug Lenalidomide. On February 27, 2025, Viatris (NASDAQ:VTRS) disclosed that the inspection issues would negatively impact 2025 revenue by roughly $500 million and earnings from operations by about $385 million. This revelation led to a 15% drop in Viatris' stock price, from $11.24 to $9.53 per share. Investors who purchased Viatris securities during the specified period have until June 3, 2025, to seek appointment as lead plaintiff in the lawsuit. While we acknowledge the potential of VTRS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. 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
Entrepreneur
3 hours ago
- Entrepreneur
Nandan Nilekani Increases Support to AI4Bharat with Total Grant of INR 70 Crore
In a statement, Nilekani said AI4Bharat is creating essential language infrastructure that enables Indian citizens to access digital services in their native languages You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Infosys Co-founder and Chairman Nandan Nilekani has committed an additional multi-year grant to AI4Bharat, a public-focused artificial intelligence (AI) initiative at the Indian Institute of Technology (IIT) Madras, bringing his total funding to INR 70 crore. The announcement was made by the EkStep Foundation, which supports digital infrastructure and learning initiatives. AI4Bharat works on building foundational AI models aimed at improving accessibility to digital services in India's 22 scheduled languages. The initiative has focused on developing speech and translation datasets, including the collection of 15,000 hours of transcribed speech from over 400 districts and the creation of a bilingual corpus comprising 2.2 million translation pairs. These are curated by a team of more than 100 language experts. The latest funding comes directly from Nilekani and follows his earlier contribution in 2022, which led to the establishment of the Nilekani Centre at AI4Bharat. The initiative's models have been released as open-source public goods and are hosted on AI4Bharat's platform and AIKosh, India's open AI repository. In a statement, Nilekani said AI4Bharat is creating essential language infrastructure that enables Indian citizens to access digital services in their native languages. He also remarked on India's potential to emerge as a global leader in AI applications by leveraging its existing digital public infrastructure. Since the global release of ChatGPT in 2022, AI4Bharat's language models have seen increased adoption across sectors. These models are now integrated into tools for regional language chatbots, as well as education and governance platforms. AI4Bharat's work forms the language layer of India's AI stack and is used in Bhashini, the national language translation initiative under the IndiaAI Mission. Bhashini supports multilingual digital access in public service areas such as healthcare, finance, and governance, utilising AI4Bharat's open models in speech recognition, machine translation, and text-to-speech technologies. The project continues to operate within an open-source framework, contributing data and tools intended for public use in India's evolving AI ecosystem.
