scotch whisky price: Two Sharp with ET: EQT & Bain eye Whirlpool; UK deal to make JLR, Scotch cheaper - The Economic Times Video
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
26 minutes ago
- India.com
India to soon start building jet engine, team is getting ready..., Zomato CEO Deepinder Goyal plans to....
Eternal (formerly Zomato) CEO Deepinder Goyal recently invested in LAT Aerospace, a new aviation startup, focused on making regional air travel quicker and cheaper. He has now called on engineers from around the country to come and work on the startup. According to the media reports, Deepinder Goyal is now planning to manufacture jet engines. His funded startup, LAT Aviation, is planning to design 100% India-sourced gas turbines for regional aircraft. The company is currently recruiting engineers with experience in turbine and rotor fabrication. LAT Aviation is a nascent aerospace endeavor founded by Deepinder Goyal and Surobhi Das. Sharing a post on X(previously Twitter), Goyal wrote, 'At LAT, we want to get past the finish line. So we're putting together a propulsion research team in Bangalore, focused solely on building gas turbine engines from scratch. Lightweight. Efficient. Flight-ready. Made in India.' 'We're giving engineers the freedom to think, build, break, and repeat. Our dedicated research centre — with labs for combustion, turbomachinery, thermal systems, and materials, will give engineers the space and freedom to iterate fast, and get to real outcomes at a speed which is unprecedented in the industry. Also, this team will be led by engineers. No waiting around for approvals from 'business' people,' reads Goyal's post on X. The post further read, 'No chasing slides or meetings. Just hands-on problem solving, running bench tests, working with suppliers, building hardware from scratch — and pushing the limits of design and physics every day. 'Goyal admitted that this innovation won't be without challenges, but if engineers can pull it off, it will change everything. He also mentioned in the same post that this company is not a part of Eternal, which was previously known as Zomato. Previously, he refuted reports that LAT Aerospace, an aviation startup backed by him, has bought a Bombardier Global jet. Reacting to reports that Eternal CEO Deepinder Goyal-backed LAT Aerospace has bought a Bombardier private jet, Goyal said 'LAT is a startup and has not bought any private jet'. 'We are focused on building aircraft for regional aviation and are not in the business of buying planes,' he said in a statement posted on X. LAT Aerospace, co-founded by Goyal, aims to transform regional air travel in India with low-cost, high-frequency mini-aircraft. It is building the future of mass aviation: a network of high-frequency, low-cost, 24-seater, STOL (short take-off and landing), medium-haul aircraft that 'make every city, every town, and every community accessible.' 'Powered by next-generation aircraft, designed ground-up for efficiency, built for affordability, and future-proofed for autonomy, we are aiming to rewrite the rules of flight,' according to the startup. 'Our aircraft will take off and land in compact 'air-stops' no bigger than a parking lot — no baggage belts, no security bottlenecks — eliminating the need for complex, expensive airport infrastructure that regional air travel simply doesn't require,' according to its website. The startup has reportedly raised about $50 million, with $20 million invested by Goyal.
&w=3840&q=100)
First Post
26 minutes ago
- First Post
Indian refiners still buying oil from Russia, report claims amid Trump's 'halt' remark
Indian refiners reportedly keep buying Russian crude oil for economic reasons, despite US President Trump's claim that India stopped. Earlier, the ministry of external affairs had defended India's longstanding partnership with Russia read more Advertisement Indian Prime Minister Narendra Modi and Russian President Vladimir Putin. File image/ Reuters Indian refiners have not stopped buying crude oil from Russia, news agency ANI has reported, citing sources in the government. 'Their supply decisions are guided by price, grade of crude, inventories, logistics and other economic factors,' the agency quoted the source as saying. The sources also highlighted Russia's crucial place in the global oil market, being the world's second-largest exporter of crude. Fears of Russian oil being pushed out of the market and the consequent dislocation of traditional trade flows drove dated Brent crude prices to soar to US$137 per barrel in March 2022. STORY CONTINUES BELOW THIS AD 'In this challenging environment, India, as the world's third-largest energy consumer with 85 per cent crude oil import dependence, strategically adapted its sourcing to secure affordable energy while fully adhering to international norms,' said the sources. Earlier, US President Donald Trump on Friday (August 1) said he heard that India is no longer purchasing oil from Russia. While speaking to the reporters, Trump went on to describe the alleged halting of oil purchases as a 'good step'. 'I understand India no longer is going to be buying oil from Russia,' Trump told reporters as he departed the White House for his weekend trip to his Bedminster Golf Club in New Jersey. 'That's what I heard. I don't know if that's right or not, but that's a good step. We'll see what happens,' he said. Trump's statement came after news agency Reuters reported, citing sources, that Indian state-owned refineries suspended Russian oil purchases last week amid threats of tariffs from US and narrowing price discounts. Meanwhile, the Ministry of External Affairs Spokesperson Randhir Jaiswal on Friday responded to the criticisms hurled by the Trump administration and defended India's longstanding partnership with Russia. 'India and Russia share a steady and time-tested partnership,' he said. Jaiswal also reaffirmed the strength of the India-US relationship, noting it is based on 'shared interests, democratic values, and robust people-to-people ties,' and expressed confidence that bilateral relations would continue to move forward despite current tensions.
India Today
36 minutes ago
- India Today
No halt in Russian oil imports by Indian firms: Government Sources
Tensions between the United States and India are escalating over trade and energy policies following statements from US President Donald Trump. He announced a 25% tariff and penalties on India, and also claimed to have heard that India will no longer purchase oil from Russia. Regarding this, Trump stated, "I understand India no longer is going to be buying oil from Russia. That's what I heard. I don't know if that's right or not, but that's a good step." In response, India's Ministry of External Affairs clarified its position on energy procurement. The MEA spokesperson said that India's decisions are guided by what is available in the markets and the prevailing global situation, without confirming any change in its policy towards Russian oil imports. The spokesperson noted that the India-US partnership has weathered challenges before and will continue to move forward.
