logo
Larsen & Toubro shares in focus on Tejas milestone with privately built wings

Larsen & Toubro shares in focus on Tejas milestone with privately built wings

Business Upturn15-07-2025
By Aditya Bhagchandani Published on July 15, 2025, 10:05 IST
As per reports by Alpha Defense, Larsen & Toubro (L&T) has completed the first pair of Tejas fighter aircraft wings manufactured entirely outside the public sector — a historic milestone for India's aerospace industry. This marks the first time a private Indian company has produced this critical flight structure, and an official handover event is awaited.
Alpha Defense reports that L&T successfully built the wings, meeting all stringent structural and quality specifications. This achievement signals the growing capabilities of India's private sector in high-end aerospace manufacturing, previously dominated by Hindustan Aeronautics Limited (HAL).
Jet wings are complex, flight-critical assemblies that bear aerodynamic loads, house fuel systems, hydraulics, and control linkages, demanding precision engineering and advanced tooling. L&T achieved this using technologies like automated fiber placement, autoclave curing, and ultrasonic drilling to adhere to global aerospace standards, according to Alpha Defense.
HAL's modular production strategy for the Tejas Mk1A involves sourcing key components from private partners: Dynamatic Technologies supplies the front fuselage, VEM Technologies the mid-section, Alpha Tocol the rear fuselage, and Tata Advanced Systems the tailfins and rudders. With L&T now delivering the wings, nearly the entire airframe is sourced from private industry, while HAL remains the final integrator.
The Alpha Defense report emphasizes that L&T's milestone aligns with India's Make in India and Atmanirbhar Bharat initiatives. It enables faster Tejas deliveries, strengthens the aerospace supply chain, and reduces dependence on the public sector.
Once the formal handover is completed, it will mark a defining moment for Indian aerospace — the first flight-critical Tejas component from a private production line. This development not only enhances India's manufacturing depth but also boosts its path to self-reliance and competitiveness in global defense markets.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AT&T to Pay Out Huge Data Breach Settlement, and You Might Be Eligible for Up to $5K
AT&T to Pay Out Huge Data Breach Settlement, and You Might Be Eligible for Up to $5K

CNET

time10 minutes ago

  • CNET

AT&T to Pay Out Huge Data Breach Settlement, and You Might Be Eligible for Up to $5K

The 2024 hack of AT&T servers was one of the five biggest data breaches of the year. AT&T/CNET Two sizable data breaches in 2019 and 2024 exposed the personal information of AT&T customers, but now, the company is set to resolve the matter with a massive settlement pay out -- and you don't even have to still be a member to get in on it. On Friday, June 20, US District Judge Ada Brown granted preliminary approval to the terms of a proposed settlement from AT&T that would resolve two lawsuits related to the data breaches. The current settlement would see AT&T pay $177 million to customers adversely affected by at least one of the two data breaches. The settlement will prioritize larger payments to customers who suffered damages that are "fairly traceable" to the data leaks. It will also provide bigger payments to those affected by the larger of the two leaks, which began in 2019. While the company is working toward a settlement, it has continued to deny that it was "responsible for these criminal acts." For all the details we have about the settlement right now, keep reading, and for more info about other recent settlements, find out how to claim Apple's Siri privacy settlement and see if you're eligible for 23andMe's privacy breach settlement. What happened with these AT&T data breaches? AT&T confirmed the two data breaches last year, announcing an investigation into the first in March before confirming it in May and confirming the second in July. The first of the confirmed breaches began in 2019. The company revealed that about 7.6 million current and 65.4 million former account holders had their data exposed to hackers, including names, Social Security numbers and dates of birth. The company began investigating the situation last year after it reported that customer data had appeared on the dark web. The second breach began in April of 2024, when a hacker broke into AT&T cloud storage provider Snowflake and accessed 2022 call and text records for almost all of the company's US customers, about 109 million in all. The company stressed that no names were attached to the stolen data. Two individuals were arrested in connection with the breach. Both of these incidents sparked a wave of class action lawsuits alleging corporate neglect on the part of AT&T in failing to sufficiently protect its customers. Who is eligible to file a claim for the AT&T data breach settlement? As of now, we know that the settlement will pay out to any current or former AT&T customer whose data was accessed in one of these data breaches, with higher payments reserved for those who can provide documented proof that they suffered damages directly resulting from their data being stolen. If you're eligible, you should receive a notice about it, either by email or a physical letter in the mail, sometime in the coming months. The company expects that the claims process will begin on Aug. 4, 2025. How much will the AT&T data breach payments be? You'll have to "reasonably" prove damages caused by these data breaches to be eligible for the highest and most prioritized payouts. For the 2019 breach, those claimants can receive up to $5,000. For the Snowflake breach in 2024, the max payout will be $2,500. It's not clear at this time how the company might be handling customers who've been affected by both breaches. AT&T will focus on making those payments first, and whatever's left of the $177 million settlement total will be disbursed to anyone whose data was accessed, even without proof of damages. Because these payouts depend on how many people get the higher amounts first, we can't say definitively how much they will be. When could I get paid from the AT&T data breach settlement? AT&T expects that payments will start to go out sometime in early 2026. Exact dates aren't available but the recent court order approving the settlement lists a notification schedule of Aug. 4, to Oct. 17, 2025. The deadline for submitting a claim is currently set at Nov. 18, 2025. The final approval of the settlement needs to be given at a Dec. 3, 2025, court hearing for payments to begin. Stay tuned to this piece in the coming months to get all the new details as they emerge. For more money help, check out CNET's daily tariff price impact tracker.

India's Modi announces credit worth $565 million to the Maldives and launches free trade talks
India's Modi announces credit worth $565 million to the Maldives and launches free trade talks

San Francisco Chronicle​

time6 hours ago

  • San Francisco Chronicle​

India's Modi announces credit worth $565 million to the Maldives and launches free trade talks

COLOMBO, Sri Lanka (AP) — Indian Prime Minister Narendra Modi on Friday announced a $565-million line of credit to the Maldives during a visit to the Indian Ocean archipelago, as the two countries launched formal talks for a free-trade agreement. Modi is visiting the Maldives, known for its upmarket tourist resorts, to mark the 60th anniversary of its independence and diplomatic relations between the two countries. The announcement came during Modi's joint media statement with Maldives' President Mohamed Muizzu. The two-day visit is crucial to India's ambition to control the seas and shipping routes of the Indian Ocean in a race with its regional rival China. It also marks the further easing of diplomatic tensions between the two nations that followed the election of pro-China Muizzu in 2023. Regional powers India and China compete for influence in the archipelago nation, which is strategically located in the Indian Ocean. On Friday, Modi witnessed the exchange of agreements to cooperate in sectors such as fisheries, health, tourism and digital development. He also formally handed dozens of heavy vehicles to the Maldives' defense forces. 'India is Maldives' closest neighbor. Maldives holds an important place in both India's neighborhood- first policy and ocean vision," Modi said. 'India is also proud to be Maldives' most trusted friend.' The line of credit will be used for 'infrastructure and development projects in line with the priorities of the people of the Maldives,' he said. "India will continue to support Maldives in developing its defense capabilities. Peace, stability and prosperity in the Indian Ocean region is our common goal," he added. During Muizzu's visit to India last October, India announced financial support to the cash-strapped Maldives in the form of a $100-million treasury bills rollover and the countries signed a $400-million currency swap agreement. Tensions between India and the Maldives grew since Muizzu, who favored closer ties with China, was elected in 2023 after defeating India-friendly incumbent Ibrahim Mohamed Solih. Leading up to the election, Muizzu had promised to expel Indian soldiers deployed in the Maldives to help with humanitarian assistance. Last year New Delhi replaced dozens of its soldiers in the Maldives with civilian experts. Measure by Modi to promote tourism in India's Lakshadweep archipelago, off the southwestern coast of the Indian mainland, also sparked anger from Maldivians, who saw it as a move to lure Indian tourists away from their country. Indian celebrities then called for a tourism boycott to the Maldives. The dispute deepened when Muizzu visited China ahead of India in January last year, a move seen by New Delhi as a snub. On his return, Muizzu spelled out plans to rid his tiny nation of dependence on India for health facilities, medicines and import of staples. Relations started to improve after Muizzu attended Modi's swearing-in ceremony for a third five-year term. Muizzu has toned down his anti-Indian rhetoric, and official contacts with New Delhi have intensified as concerns grew about Maldives' economy. India has long been a critical provider of development assistance to the Maldives. Meanwhile, the Maldives joined China's Belt and Road Initiative in 2013 to build ports and highways and expand trade as well as China's influence across Asia, Africa, and Europe.

J&K Bank Q1 results: Net profit up 17% YoY to Rs 485 crore, NII grows 7%
J&K Bank Q1 results: Net profit up 17% YoY to Rs 485 crore, NII grows 7%

Business Upturn

time6 hours ago

  • Business Upturn

J&K Bank Q1 results: Net profit up 17% YoY to Rs 485 crore, NII grows 7%

Jammu & Kashmir Bank reported its #Q1Results with a strong performance in profitability and stable asset quality. The bank posted a net profit of Rs 484.84 crore for the April–June quarter of FY26, marking a 16.7% year-on-year increase from Rs 415.49 crore in Q1 FY25. The improvement came despite a one-time impairment provision of Rs 87 crore related to its investment in J&K Grameen Bank post-amalgamation. Without this impact, YoY profit growth would have exceeded 30%, the bank noted. Net interest income (NII) rose 7% to Rs 1,465 crore from Rs 1,369 crore, while other income jumped 29% to Rs 250 crore. Operating profit also saw a 13% rise, coming in at Rs 673 crore. Gross NPA improved to 3.50% YoY (though slightly up sequentially from 3.37%), while Net NPA remained stable at 0.82%. The NPA Coverage Ratio remained strong at above 90%. The bank's deposits grew 12% YoY to Rs 1.49 lakh crore, and net advances rose 6% to Rs 1.01 lakh crore. CASA ratio stood at 45.71%, while Return on Assets (RoA) improved to 1.17%. Capital Adequacy Ratio (CAR) was reported at 15.98%, giving the bank a strong buffer for future growth. MD & CEO Amitava Chatterjee stated the bank is witnessing improving ground conditions and remains focused on expanding Rest of India operations and digital capabilities. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store