
Bad news for Pakistan and China; India to soon get latest 5th generation fighter jets, they will be..., Tejas to...
(Representational image)
New Delhi: American company General Electric (GE) wants to join the race to make engines for India's 5th generation fighter aircraft. GE Chairman and CEO Larry Culp said this in an interview to ET. He said that India is a very important market for GE for both civil and defense aerospace business. Larry Culp said, 'We are very interested in this.' For this, he gave the example of making 404 engines for the indigenous Tejas aircraft. He said that there is a very strong relationship between India and America and that's why GE is here and is ready to help in every possible way. 5th generation indigenous fighter aircraft
Just last month, India announced the plan to rapidly build 5th generation indigenous fighter aircraft. This announcement came a few days after Operation Sindoor against Pakistan. The most important part of this aircraft will be its powerful engine. To make it, India can work with a foreign company. It is believed that for this work, GE will face competition from companies like Safran and Rolls-Royce. Tejas Mark-1A fighter aircraft
Larry Culp has expressed his desire to do more work in India. GE is also increasing the delivery of jet engines for the Tejas Mark-1A fighter aircraft to Hindustan Aeronautics Limited. This work has been stalled for a long time. In March, GE delivered the first of the 99 F-404 engines to HAL. This delivery was delayed by almost two years. Culp said, 'This is our intention and we have told this to everyone.' They are working closely with their suppliers so that they can make more engines. He said that good progress is being made in this matter. They have seen a good increase in engine deliveries in the months of April and May as compared to the first quarter. Demand and supply
Indian Air Force (IAF) Chief Air Chief Marshal AP Singh had recently expressed concern over the delay in the purchase of necessary military equipment and he had insisted on setting a time limit for this. Actually, the availability of military equipment and fighter jets is getting delayed because companies are not able to increase production. This causes difficulties for the armed forces in their preparation. Culp said that many steps are being taken to overcome this problem, but it will take time. He said that the demand is increasing every year, so the supply chain problem will remain for some time and it is a big challenge.
Hashtags

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
PM Kisan 20th instalment: When is the next instalment date in June?
ET Online PM Kisan 20th instalment The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme offers vital financial assistance to farmers across India. Under this central government initiative, eligible farmers receive Rs 6,000 annually, distributed in three equal instalments of Rs 2,000 each. As the 19th instalment was disbursed in February 2025, farmers are eagerly awaiting the release of the 20th instalment. The 20th installment of the PM Kisan Samman Nidhi Scheme is anticipated to be deposited into farmers' accounts on June 20, 2025, according to media reports. However, there is no official government confirmation. How to do eKYC for PM Kisan scheme: Here are 3 ways What is PM Kisan Samman Yojana? PM Kisan is a Central Sector scheme with 100% funding from the government. Under the scheme, an income support of 6,000/- per year in three equal instalments will be provided to all land holding farmer families. Eligibility for PM-Kisan To receive the instalment under the PM-Kisan scheme, a farmer must meet certain eligibility criteria. The applicant must be an Indian citizen and own cultivable land with valid land records. Additionally, the farmer must link their Aadhaar number to their bank account and complete eKYC verification to ensure timely disbursal of the benefit. Farmers who are income tax payers, pensioners, or employed in government/public sector jobs are not eligible for the scheme. Important step to get PM Kisan 20th instalment Completing eKYC is compulsory to receive the 20th instalment of PM Kisan scheme. Farmers can do it online by visiting and selecting the 'e-KYC' option. They must enter their Aadhaar number, validate it through an OTP, and submit the verification. Link Aadhaar with bank account to get the 20th instalment of PM Kisan Farmers must ensure their Aadhaar is linked to their bank account for direct benefit transfer. This can be done at the bank branch, through Aadhaar-enabled banking services, or via mobile banking apps. Linking Aadhaar helps avoid payment delays or rejections. How to check PM Kisan beneficiary status To check your PM-Kisan beneficiary status, visit the official website at Under the "Farmers Corner" section, click on "Beneficiary Status". Enter your Aadhaar number or registration number as required. Once submitted, the list will be displayed, allowing you to verify your payment history and eligibility for the instalment. PM Kisan Samman Nidhi Yojana: Here's How to update eKYC online Step 1: Visit official website of PM-Kisan Step 2: Click on eKYC option available on right side of the page Step 3: Enter Aadhaar Card number, captcha code and click on search Step 4: Enter the mobile number linked with the Aadhaar card Step 5: Click on 'Get OTP' and enter the OTP in the specified field


Time of India
an hour ago
- Time of India
Trade deal lacks fine print, raising doubts over US-China truce: Shaun Rein
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "You can have companies, the big automakers like Ford and GM are rumoured to say, we need to relocate our manufacturing to China, so we can get access to rare earths despite the heavy tariffs that they would then incur by going into the United States. But here is the thing, China's media has been a lot more circumspect with the details of this so-called trade agreement," says Shaun Rein, China Market Research is a great and big question. Trump is saying the deal has been signed and he has been talking about that the Chinese are going to send rare earths and magnets in advance to whatever the United States needs because what you have seen in the last month is the lack of rare earths that were exported to the United States has really crippled the American economy You can have companies, the big automakers like Ford and GM are rumoured to say, we need to relocate our manufacturing to China, so we can get access to rare earths despite the heavy tariffs that they would then incur by going into the United States. But here is the thing, China's media has been a lot more circumspect with the details of this so-called trade has said the rumour is that they will give maybe export licenses to rare earths on a six-month trial basis to American companies. So, basically Trump is exaggerating the win in his mind and China is being a lot more honest probably saying well we do not have all the details ironed out, we want to come to an agreement but quite frankly China has the upper hand in the trade war with the United States right that the United States makes except for semiconductors, the Chinese can buy elsewhere. So, instead of buying American beef, they are buying Australian beef; instead of buying American oil, they are buying Canadian oil; instead of buying American soybeans, they are buying Brazilian soybeans. So, what you have seen is that there is a total shift in trade patterns and a total shift in power and China is at the top of the triangle, the top of the pyramid right now in terms of buying goods and trading goods from other countries. We are seeing a shift in world order right I mean that that is not true. I mean, Chinese equity markets are up 15-16% since the start of the year while the S&P 500 is only up about 2%. So, it is quite clear that the Chinese Hong Kong equity markets are outperforming the United States right the equity markets also do not necessarily reflect the economy. So, what you are seeing right now is Abigail Johnson, who is the head of Fidelity , the rumour is today that her private investment house is going to be selling 40 Chinese tech companies that they have long held because they are worried about the regulatory and I have been talking with a lot of mutual funds, I have been talking with a lot of LPs like pension funds and endowments and they are getting huge pressure from not just Trump , but previously under the Biden regime to derisk by not investing in Chinese equities, so that does not mean the economy is bad, that just means more oppression and bullying from the United States because they are trying to really contain China's economic might have happened eight years ago and that might have worked eight years ago. But the big problem is the United States has gone after Europe. The United States has gone after Canada. You even hear Howard Lutnick, the Secretary of Commerce , criticised India last week and said, why is India buying Russian weapons, they should be buying American the reality is the United States under Trump and Biden has been bullying people all around the world. And I think at some point the global south or I prefer to call it the global majority is saying you know what, let us not deal with all the drama, let us not deal with weaponization of the US dollar, weaponization of technology and let us move closer towards China where we have a lot more stable relations with Australia for instance, Australian dollar has strengthened in the last couple weeks because basically Australia is a proxy for China. Australia's economy does well when China's economy does well, whether it be buying iron ore, whether it be buying tourists going to Australia to buy products, so that is why the Aussie has strengthened and the US dollar is weakened. Now when it comes to liquidity and volume going back towards China, we are still at a very initial of the global funds only have about 25% of their holdings exposed to China. I recommend retail investors to have 15% to 20% because of the volatility and the regulatory we are seeing in my conversations with institutional investors like hedge funds that they want to come back into China, but they have not come back yet. Now, that gives a great opportunity for speculators and people who have a high-risk appetite to trade in front of the institutional personally, I am getting more exposure to Hong Kong equities the last six months because I am trying to front run what the hedge funds are doing because they still have not quite gotten into the markets yet and they will in the next three to six months because they have to make the business case, China is outperforming the S&P the United States needs a deal. Frankly, China controls about 30-35% of global manufacturing. So, America might have the money, they might have the capital, but they need to buy the products from China. At the end of the day, China makes not just rare earths, about 90% of refined rare earths, but they also make most of the ibuprofen, most of the of the antibiotics in the world comes from China. So, at the end of the day, that is real leverage. So, for instance in 2017, 18% of Chinese exports went to the US, that number is down to 14%. China on the other hand has shifted and exports to Asean, has gone up to 16%.So, basically, it is a game of chicken right now. China's economy is hurting, do not get me wrong. There are about 15 million people who are involved in the export sector. You have seen that the CPI index has dropped about 0.1%. So, we are dealing with the D-word, the economy in China is not booming, but China is not going to blink. They have the resolve to push hard back against Trump and Scott Bessent and Howard Lutnick because at the end of the day, the Americans need to buy from China. They cannot buy antibiotics from any other country in the world except for a little bit from India.


Time of India
an hour ago
- Time of India
Elon Musk net worth: Post apology to Donald Trump, world's richest man sees rise in wealth - what's Musk's net worth now?
Elon Musk had contacted Trump via telephone prior to making his public apology. (AI image) Elon Musk net worth: The world's richest person, Elon Musk , saw his net worth increase modestly after he expressed regret about remarks made against US President Donald Trump . Forbes' real-time billionaire tracking system indicated that Elon Musk's fortune increased by $191 million to $411.4 billion, according to an ET report. This uptick occurred shortly after his acknowledgement that certain previous posts directed at Trump might have been 'gone too far'. Musk wrote on X on Wednesday: "I regret some of my posts about President @realDonaldTrump last week. They went too far." Subsequently, Reuters reported that Elon Musk had contacted Trump via telephone prior to making his public apology. The White House spokesperson Karoline Leavitt later confirmed that Trump had received Musk's message and was thankful. She stated that the President appreciated Elon's morning statement whilst maintaining their focus on addressing national matters. In his conversation with the New York Post about Musk's apology, Trump expressed his positive reception, saying: "I thought it was very nice that he did that." The initial conflict arose when Musk openly criticised Trump's economic legislation, specifically mocking the President's termed "The Big Beautiful Bill" by instead calling it "The Big Ugly Bill." Prior to his series of online critiques against the bill, which lasted three days, Musk had resigned from his position at the Department of Government Efficiency (DOGE). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now