
Dassault partners Anil Ambani co to make biz jets
NEW DELHI: French aerospace major Dassault Aviation has tied up with
Anil Ambani
's Reliance Aerostructure to manufacture Falcon 2000 business executive jets in India for global markets.
India will soon join the club of countries that make business jets which includes the US, France, Canada and Brazil. Also this is the first time Dassault, in which Airbus has nearly 10.6% stake, will be making the Falcon 2000 outside France.
The two will establish their final assembly line in Nagpur and aim to deliver their first made-in-India jet by 2028.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
an hour ago
- Economic Times
Microsoft prepared to abandon high-stakes talks with OpenAI, FT reports
Synopsis OpenAI executives have considered accusing Microsoft of anticompetitive behavior in their deal, the Wall Street Journal reported on Monday, adding that both the companies are discussing revising the terms of Microsoft's investment, including the future equity stake it will hold in the AI startup.


Time of India
an hour ago
- Time of India
Juneteenth 2025 holiday: Will the US stock market be open on June 19, 2025? Know what's open and closed in America today
This is an AI-generated image, used for representational purposes only. Juneteenth, the US's newest federal holiday, falls on Thursday, June 19, 2025 and it means a day off for many institutions, including Wall Street. If you're planning to trade, deposit a cheque, or run errands that day, here's what you need to know about what's open and what's not. Is the stock market open on Juneteenth? No. Both the New York Stock Exchange and Nasdaq will be closed on Thursday, June 19, in observance of Juneteenth. Juneteenth is part of the official holiday calendar followed by US financial markets, which means there will be no trading activity throughout the day. Markets will resume operations on Friday, June 20. Are banks open on Juneteenth ? Major banks like Wells Fargo, Chase, Bank of America, and TD Bank will also remain closed as Juneteenth is a Federal Reserve-recognised banking holiday. However, customers can still access ATMs and online banking platforms, though some transactions may face delays due to the holiday, reported Will you receive mail on Juneteenth? Don't expect regular USPS deliveries. The United States Postal Service observes Juneteenth, so mail services will be halted for the day. However, private carriers like UPS and FedEx will be operating normally. UPS pickup and delivery services, along with FedEx's various operations including Office, Freight, and Logistics, will remain active. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Are Government services open? Federal offices, including the Department of Motor Vehicles, will be closed on June 19. Juneteenth is now observed widely at the state level too, with Pew Research finding at least 28 states granting government employees a paid day off by 2023, according to ABC 7. Schools and retail operations Many public schools will already be on summer break. But for those still in session, Juneteenth will be a holiday. Retailers such as Walmart, Target, Costco, and Kroger will remain open. Walgreens and CVS will operate with normal hours, though some pharmacies may have reduced schedules. So, while markets and banks pause to honour Juneteenth, shoppers and those relying on private delivery services will find most other sectors running as usual. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
an hour ago
- Time of India
‘Real Dummy': Trump says Fed Chair Powell ‘costing America billions'; slams him for not cutting rates again
. US president slammed Federal Reserve Chairman Jerome Powell on Wednesday after the central bank once again decided not to cut interest rates. The president in his Truth Social post, called Powell a "real dummy" who was "costing America billions. " He also shared an article highlighting criticism from an investor who said Powell should resign "effective immediately" if he didn't reduce short-term interest rates. It argued the Fed was hurting the housing market by acting too slowly and that inflation had fallen enough to justify a cut. . Fed hits pause again The US Federal Reserve decided to keep its benchmark interest rate unchanged for the fourth straight meeting, sticking with a range between 4.25% and 4.50%. Fed Chair Jerome Powell said the central bank was in no rush to act and would monitor inflation trends and the impact of Trump's new tariffs over the summer. 'We'll make smarter and better decisions if we just wait a couple of months,' Powell said, suggesting a cautious stance given the mixed economic signals. The Fed also revised its outlook—cutting its 2025 growth forecast from 1.7% to 1.4%, and raising inflation expectations to 3% and the unemployment rate to 4.5%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch xu hướng AUD/USD? IC Markets Đăng ký Undo From 'stupid' to 'worst ever' Trump's criticism of Powell is not new. In the past, he has publicly attacked the Fed chairman, including calling him 'stupid' just before the rates were announced. Last week, Trump posted, "Fed should lower one full point… so important!" in response to Consumer Price Index (CPI) data he described as positive. Trump has suggested that cutting rates will lower the interest America pays on its debt—an argument critics say overlooks the inflationary risks of such moves. Tariffs, inflation, and global uncertainty The Fed noted that Trump's sweeping 10% tariffs on major trading partners were likely to increase inflation and slow growth. Powell admitted that the full effects were still unclear and may not be visible for several months. 'Because the economy is still solid, we can take the time to actually see what's going to happen,' he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now