Hindustan Aeronautics Gets $7.3 Billion Defense Ministry Order
Hindustan Aeronautics Ltd., bagged a 627 billion rupee ($7.3 billion) order to supply helicopters to India's military, according to a government statement Friday.
The state-owned firm will supply 156 light combat helicopters to the army and the air force. The homemade choppers will 'enhance the combat capability of armed forces at high altitudes,' the statement said. Operating at heights is a key requirement of the Indian military, which faces Pakistan and China along its Himalayan borders.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
Apple's $4.4B India Play: The Secret iPhone Shift That's Reshaping U.S. Supply Chains
Apple (NASDAQ:AAPL) is ramping up its India productionand fast. From January through May 2025, Foxconn (FXCOF) shipped $4.4 billion worth of India-assembled iPhones to the U.S., already beating 2024's full-year total of $3.7 billion. Between March and May, a staggering 97% of Foxconn's $3.2 billion exports went straight to the U.S., compared to just 50% last year. The push isn't subtle: Apple has been flying out iPhone 13, 14, 16, and 16e models on chartered planes and pressing Indian officials to cut customs clearance at Chennai airport from 30 hours down to six. Warning! GuruFocus has detected 6 Warning Sign with MSFT. This shift comes as Apple looks to de-risk from China ahead of what could be another round of sweeping tariffs. Donald Trump has floated a 55% duty on Chinese goods and slammed Apple's expansion into India, reportedly telling CEO Tim Cook, We are not interested in you building in India. India, meanwhile, is trying to dodge a separate 26% reciprocal tariff on top of its standard 10%. With the stakes this high, Apple's move to reroute its supply chain through India could be less about costand more about survival. It's also about time. Apple still sells 60 million iPhones a year in the U.S., with about 80% made in China. Tata Electronics, Apple's smaller Indian partner, is also stepping up. Nearly 86% of its March and April shipments went to the U.S., up from 52% across 2024. Analysts at Counterpoint Research believe India-made iPhones could hit 2530% of Apple's global shipments this yearup from just 18% in 2024. But India's still an expensive bet. High import duties on components make local assembly far from cheap. Still, Apple appears willing to absorb the extra costs in exchange for agility. The numbers suggest this isn't a trial run. It's a full pivot. This article first appeared on GuruFocus. 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
Yahoo
6 hours ago
- Yahoo
Apple's $4.4B India Play: The Secret iPhone Shift That's Reshaping U.S. Supply Chains
Apple (NASDAQ:AAPL) is ramping up its India productionand fast. From January through May 2025, Foxconn (FXCOF) shipped $4.4 billion worth of India-assembled iPhones to the U.S., already beating 2024's full-year total of $3.7 billion. Between March and May, a staggering 97% of Foxconn's $3.2 billion exports went straight to the U.S., compared to just 50% last year. The push isn't subtle: Apple has been flying out iPhone 13, 14, 16, and 16e models on chartered planes and pressing Indian officials to cut customs clearance at Chennai airport from 30 hours down to six. Warning! GuruFocus has detected 6 Warning Sign with MSFT. This shift comes as Apple looks to de-risk from China ahead of what could be another round of sweeping tariffs. Donald Trump has floated a 55% duty on Chinese goods and slammed Apple's expansion into India, reportedly telling CEO Tim Cook, We are not interested in you building in India. India, meanwhile, is trying to dodge a separate 26% reciprocal tariff on top of its standard 10%. With the stakes this high, Apple's move to reroute its supply chain through India could be less about costand more about survival. It's also about time. Apple still sells 60 million iPhones a year in the U.S., with about 80% made in China. Tata Electronics, Apple's smaller Indian partner, is also stepping up. Nearly 86% of its March and April shipments went to the U.S., up from 52% across 2024. Analysts at Counterpoint Research believe India-made iPhones could hit 2530% of Apple's global shipments this yearup from just 18% in 2024. But India's still an expensive bet. High import duties on components make local assembly far from cheap. Still, Apple appears willing to absorb the extra costs in exchange for agility. The numbers suggest this isn't a trial run. It's a full pivot. This article first appeared on GuruFocus.
Yahoo
7 hours ago
- Yahoo
Only survivor of deadly Air India plane crash says survival was a 'miracle'
Viswashkumar Ramesh, the lone survivor from the flight that crashed shortly after taking off from the Indian city of Ahmedabad on Thursday, described his survival as a "miracle" while speaking to DD India. "I can't explain," he said. The Boeing 787-8 crash had been bound for London Gatwick Airport, Air India explained in a post on X, which noted that there were 242 people on the flight, but "241 confirmed fatalities." Air India Flight Bound For London Crashes, Airline Confirms 1 Survivor And 241 Fatalities Without naming him in the post, the airline noted that the individual who survived "is a British national of Indian origin." "When I got up, there were bodies all around me. I was scared," Ramesh told the Hindustan Times, according to the outlet. Read On The Fox News App Ramesh told DD News that he "saw people dying," reports indicate. Boeing Shares Slide After Air India Crash Indian Prime Minister Narenda Modi met with Ramesh after the tragic crash. "Air India offers its deepest condolences to the families of the deceased. Our efforts now are focused entirely on the needs of all those affected, their families and loved ones," the airline noted in its post on X. Reagan National Airport To Halt Flights For Trump-hosted Military Parade Next Week "Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad," Boeing President and CEO Kelly Ortberg said in a statement. "I have spoken with Air India Chairman N. Chandrasekaran to offer our full support, and a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau," he article source: Only survivor of deadly Air India plane crash says survival was a 'miracle'
