Nelco inks pact with Eutelsat for LEO satellite connectivity services across India
Nelco, a Tata Group company, has partnered with Eutelsat. They will provide OneWeb LEO satellite connectivity across India. This will offer secure, low-latency connectivity for various sectors. Coverage will extend to remote regions and territorial waters. The partnership aims to strengthen India's digital infrastructure. It will also support national security.
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Time of India
15 hours ago
- Time of India
Tata Capital celebrates everyday heroes in its ‘aaj ke freedom fighters' campaign
As the nation gears up to celebrate the Independence Day , Tata Capital , the flagship financial services company of Tata Group, has unveiled its latest campaign, ' Aaj Ke Freedom Fighters ', giving a heartfelt tribute to ordinary citizens who exemplify freedom through impactful everyday actions. The campaign spotlights stories of modern-day changemakers who embody the spirit of purpose-driven social responsibility , highlighting values that inspire progress and meaningful change in society. Echoing the legacy of freedom fighters, the brand film presents four emotionally resonant stories: a woman standing up for the rights of senior citizens, an interviewer shortlisting a specially abled candidate based on his talent potential, a young girl rescuing an injured puppy, and a corporate professional empowering the underprivileged children by educating them. These depictions aim to inspire and connect with viewers across the country, portraying how values like compassion, responsibility, courage, and resilience continue to thrive in everyday life. By weaving together these powerful human stories, ' Aaj Ke Freedom Fighters ' conveys a powerful message that the essence of freedom lives not only in the history but also in the everyday choices that shape a better future. In the run up to Independence Day, the campaign channels across multiple digital platforms and is being amplified on social media to reach audiences nationwide. Watch the video here:
Mint
19 hours ago
- Mint
IndiGo's FIRST reaction as DGCA issues show cause notice over ‘lapses' in simulator training to 1,700 pilots
IndiGo confirmed receiving a show-cause notice from the aviation regulator Directorate General of Civil Aviation (DGCA) for alleged lapses in simulator training conducted for nearly 1,700 pilots and said it is reviewing it. In its first reaction to the show-cause notice, IndiGo's Spokesperson said, 'We confirm receipt of a show-cause notice issued by the DGCA pertaining to the simulator training of some of our pilots. We are in the process of reviewing the same and will respond to the regulator within the stipulated timeline.' 'We remain committed to ensuring the highest standards of safety and compliance across our operations,' the airline added. According to news agency PTI, the show cause notice was issued after the airline's records and replies were scrutinised last month. The DGCA found that Category C or critical airfield training for around 1,700 pilots, including pilots in command and first officers, was conducted with non-qualified simulators, the PTI sources said. New agency, PTI, citing sources, said that the regulator found that the simulators on which the nearly 1,700 pilots trained were not qualified for operations at certain airports, such as Calicut, Leh, and Kathmandu. Certain airports, like Calicut, which has a table-top runway, have additional requirements for flight operations. DGCA found 263 lapses in aviation safety norms during its 23 audits of eight domestic airlines in the past year, PTI quoted a DGCA statement as saying on Wednesday. However, the DGCA noted that a higher number of audit findings or lapses for airlines with extensive operations is 'entirely normal'. The regulator flagged increased lapses during audits of Air India. According to the DGCA, in the past year, 93 audit findings involved Tata Group-owned Air India (along with now-merged Vistara) and Air India Express. These include 19 level-1 violations, which are considered critical safety risks and require immediate corrective action by the airline. The DGCA also encountered as many as 100 violations and observations related to Air India's training, crew rest, and duty period norms, and airfield qualification, PTI quoted the sources as saying on Tuesday. They added that the DGCA mentioned these violations in 51 audit findings of Air India.
Mint
a day ago
- Mint
Indian Hotels share price rises 1.5% after company's acquisition plans. Do you own this Tata group stock?
Shares of Indian Hotels Company rose up to 1.65 per cent to ₹ 759 apiece on the BSE during early trading on Tuesday, August 12, after the Tata Group-owned firm announced on Monday that a board approved the acquisition of 51 per cent stakes in both ANK Hotels and Pride Hospitality. These companies collectively own a portfolio of 135 hotels under the 'The Clarks Hotels & Resorts' brand. The deals, to be carried out through cash consideration, are anticipated to be finalized by November 15, 2025. As per a regulatory filing, share subscription and purchase agreements, along with shareholders' agreements, have been signed to acquire approximately a 51% equity stake in ANK Hotels Pvt Ltd for up to ₹ 110 crore and in Pride Hospitality Pvt Ltd for up to ₹ 94 crore. "The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India," IHCL said. India's largest hospitality company has entered into a distribution and marketing partnership with Brij Hospitality Pvt Ltd, which operates 19 hotels under the Brij brand across various locations in the country. According to IHCL's filing, the transactions—subject to certain preconditions—are aimed at catering to India's diverse market landscape, expanding geographical reach in the midscale segment, and advancing its asset-light growth strategy. As part of the deal, IHCL plans to acquire a 51% stake in ANK Hotels Pvt Ltd, adding 111 midscale hotels to its portfolio, of which 67 are currently operational. Indian Hotels Company, the operator of the Taj Group, posted a net profit of ₹ 296 crore for the first quarter of the current financial year, up 19% from ₹ 248 crore in the same quarter last year. Revenue from operations jumped 32% year-on-year to ₹ 2,041 crore in April–June, compared to ₹ 1,550 crore in the corresponding period of the previous year. On the operational front, the company delivered steady performance, with EBITDA — or operating profit — rising 28% to ₹ 576 crore, against ₹ 449 crore in the same quarter last year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
