Latest news with #PrafulPatel
Time of India
6 hours ago
- Business
- Time of India
Adani Defence, Prime Aero form joint venture to acquire AAR Indamer MRO at Mihan
Nagpur: Adani Defence and Aerospace has formed a joint venture entity with Prime Aero, a company headed by NCP leader Praful Patel's son Prajay, to acquire AAR Indamer Technics Private Limited. Coincidentally, Prajay is also a director in AAR Indamer. Together, Adani Defence and Prajay's company Prime Aero Services LLP have formed a new entity, Horizon Aero Solutions Limited, to buy AAR Indamer now. AAR Indamer runs an aircraft maintenance, repair, and overhaul (MRO) depot in Mihan-SEZ in the city. Indamer started operations in 2021, emerging as the second MRO depot in the SEZ. The facility caters to Airbus aircraft. A couple of years ago, the company also announced plans to take up the overhaul of helicopters. Currently, it caters to Indigo Airlines, Vistara and Air India. A press release issued by Adani Group says, "Adani Defence and Aerospace, in partnership with Prime Aero, signed a binding agreement to acquire a 100% stake in Indamer Technics Private Limited. The investment is made through Horizon Aero Solutions Limited, a 50:50 venture between Adani Defence and Aerospace along with Prajay Patel-owned Prime Aero." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Indamer's facility in Nagpur spans over 1.20 lakh square meters. Adani Group sees it as a strategic acquisition, expanding its business into the aircraft maintenance business. The facility has a capacity to accommodate 15 aircraft bays across 10 hangars. It has approvals from DGCA, FAA, and other global civil aviation regulators, the press release said. "With Indian aircraft carriers set to induct more than 1,500 aircraft, we are at the cusp of a new era of aviation. The acquisition is the next step towards the company's push to establish India as a premier global MRO destination. The plan is to create a single-point aviation services platform," said Jeet Adani, director of Adani Airports. Commenting on the development, Adani Defence and Aerospace CEO Ashish Rajvanshi said the acquisition further strengthens the company's capabilities in the MRO segment. Nagpur's location at the centre of the country also adds value by bolstering the MRO's pan-India footprint. "The collaboration brings together deep-rooted engineering excellence and growth capital," commented Prajay. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
The Hindu
02-08-2025
- General
- The Hindu
Mohan Babu University hosts 2nd convocation
Mohan Babu University (MBU) hosted its second annual convocation and the 14th Graduation Day of Sree Vidyanikethan Engineering College on the university campus in Tirupati on Saturday (August 2). Former Union Minister Praful Patel was the chief guest. Viswa Hindi Parishad President Yarlagadda Lakshmiprasad was also present. The event was presided over by MBU chancellor Mohan Babu, along with key university leaders Vishnu Manchu, Vinay Maheshwari and Nagaraj Ramrao. As many as 866 students from the MBU and 1,698 students from Sree Vidyanikethan Engineering College were awarded their degrees. The graduating cohort represented a wide range of undergraduate and postgraduate programmes. Noted musician Anandan Sivamani and former MP Vijay Jawaharlal Darda were conferred honorary doctorates for their contribution to Indian music and distinguished service to journalism respectively. Addressing the gathering, Praful Patel said: 'The MBU stands out for its excellence, commitment, and vision. I've visited some of the world's leading universities, but the passion, values, and infrastructure I've seen here are remarkable. What makes this place exceptional is the dedication of its founders to shape a brighter future for India through education.' Speaking at the ceremony, Manchu Vishnu, Pro-Chancellor of MBU, said: 'This convocation marks not the end, but the beginning of courageous ambition. At MBU, our mission is to shape not just job-seekers, but changemakers, individuals prepared to lead, innovate and uplift society. I congratulate every graduate stepping into a future full of opportunity and promise.'
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First Post
18-07-2025
- Politics
- First Post
Explained: Why ISL's immediate future is closely associated with Supreme Court's verdict in AIFF constitution matter
The Supreme Court is expected to announce its verdict on the All India Football Federation's constitution, which it had entrusted to former apex court judge L Nageswara Rao in May 2023. read more The future of the Indian Super League hinges on the Supreme Court of India's verdict on the All India Football Federation's constitution. Image credit: ISL/PTI The upcoming season of the Indian Super League, the country's top-flight competition since 2019, remains in a state of limbo with the All India Football Federation (AIFF) and Reliance-backed Football Sports Development Limited (FSDL) yet to arrive at an agreement regarding the Master Rights Agreement. The current MRA, which had been signed between the two bodies in 2010, is set to expire on 8 December, at which point the 12th season of the ISL – which normally runs from September to April – will already be underway. STORY CONTINUES BELOW THIS AD Discussions over the new MRA, however, cannot be finalised until the Supreme Court of India delivers its verdict on the AIFF constitution, which is expected on Friday, 18 July. As a result, the till all parties arrive at an agreement. More from Football What is the Supreme Court's verdict on AIFF about? And how will it impact the ISL? To answer the second part of the question first, the apex court had informed the AIFF that they were to not sign any agreement with anyone, including the FSDL, until it delivered its verdict on the governing body's constitution. The case of the AIFF's constitution had first landed at the Supreme Court's doorstep after the Delhi High Court had, in 2017, found the election of office-bearers to have violated the National Sports Code and ordered it to be set aside. Five years later, AIFF president Praful Patel was removed from office along with the Executive Committee for failing to hold Federation elections on a timely basis, leading to the SC putting a three-member Committee of Administrators (CoA) in charge in May 2022. It then entrusted retired apex court judge L Nageswara Rao to finalise the AIFF constitution in May 2023. The draft constitution, which proposes several radical changes including the appointment of at least five former players in the 14-member Executive Committee, was finally submitted to a bench comprising Justices PS Narasimha and Joymalya Bagchi on 25 March this year. Besides the inclusion of former players, the proposed constitution also allows for the removal of office-bearers on the basis of a no-confidence motion. The Supreme Court's verdict will be crucial for the ongoing negotiation between AIFF and FSDL, as it could possibly call for a fresh election in the federation before a deal is finalised, in which case the Reliance-backed entity could find themselves negotiating with someone other than current president Kalyan Chaubey. STORY CONTINUES BELOW THIS AD Also Read | The original MRA granted FSDL exclusive commercial and operational rights for the league for a period of 15 years. And for the new MRA, the FSDL has proposed the formation of a new holding company ISL NewCo JV in which the 13 clubs would have a 60 per cent stake, with the FSDL and AIFF retained 26 and 14 per cent respectively. The Delhi-based governing body has asked for Rs 50 crore or 10 per cent of the total league revenue in 2026, whichever is higher, under the new MRA with an annual increment of 5 per cent, which has since been shot down by FSDL. However, the two bodies can continue negotiating and have a decision ready until the Court announces its verdict.
Mint
09-07-2025
- Politics
- Mint
Air India Plane Crash: Parliamentary panel to discuss ‘civil aviation safety', other issues today
The Parliamentary Standing Committee on Transport, Tourism and Culture is scheduled to meet today. The deliberation will be held in Parliament's annexe on 'overall review of safety in the Civil Aviation sector'. The meeting is being held almost a month after the Air India plane crash in Ahmedabad that killed over 260 people. The panel is expected to ask the Civil Aviation Ministry questions about the Air India crash and overall air safety issues. The panel may also want to know the probe into the accident by the Aircraft Accident Investigation Bureau (AAIB). Janata Dal-United (JD-U) Member of Parliament Sanjay Jha is the chairman of the panel. The Secretary, Ministry of Civil Aviation, is also expected to attend today's meeting. News agency ANI said earlier this week that the AAIB has submitted its preliminary report on the crash to the Ministry of Civil Aviation and other concerned authorities. The report is based on the initial findings of the ongoing investigation into the tragic incident. The 12 June crash, one of the worst air disasters in India in decades, involved a Boeing 787-8 Dreamliner operating as Air India flight AI171. Of the 242 people onboard, 241 were killed, while the total death toll stood at 260, including casualties on the ground. On 8 July, another parliamentary committee, the Public Accounts Committee, headed by Congress MP KC Venugopal, inquired about the expected timeline for the investigation report on the crash and the analysis of the aircraft's black boxes. 'These are ongoing discussions regarding tariffs, flight fares… The safety aspect was also discussed. All members are very keen on asking questions on safety. This meeting will continue. Once they reply, we will meet again. Some of the questions on safety were answered by the DGCA [Directorate General of Civil Aviation],' Venugopal was quoted as saying by the Indian Express. 'We discussed the fare increase because we discussed the post-Pahalgam issue and during Kumbh (fare increase)… The committee asked about clear-cut regulations on fares and on fair play,' he said. Former civil aviation minister and NCP MP Praful Patel, who is among the committee members, emphasised that the DGCA was well equipped but needed more staff as it 'has a shortage of top-level skilled people'. 'We discussed the fare increase because we discussed the post-Pahalgam issue and during Kumbh (fare increase)… The committee asked about clear-cut regulations on fares and on fair play,' he added. Former civil aviation minister and NCP MP Praful Patel, who is among the committee members, emphasised that the DGCA was well equipped but needed more staff as it 'has a shortage of top-level skilled people'.
Mint
09-07-2025
- Politics
- Mint
Air India Plane Crash: Parliamentary panel to discuss ‘civil aviation safety,' other issues today
The Parliamentary Standing Committee on Transport, Tourism and Culture is scheduled to meet today. The deliberation will be held in Parliament's annexe on the subject 'overall review of safety in the Civil Aviation sector.' The meeting is being held almost a month after the Air India plane crash in Ahmedabad that killed over 260 people. The panel is expected to ask the Civil Aviation Ministry questions about the Air India crash and overall air safety issues. The panel may also want to know the probe into the accident by the Aircraft Accident Investigation Bureau (AAIB). Janata Dal-United (JD-U) Member of Parliament Sanjay Jha is the chairman of the panel. The Secretary, Ministry of Civil Aviation, is also expected to attend today's meeting. News agency ANI said earlier this week that the AAIB has submitted its preliminary report on the crash to the Ministry of Civil Aviation and other concerned authorities. The report is based on the initial findings of the ongoing investigation into the tragic incident. The June 12 crash, one of the worst air disasters in India in decades, involved a Boeing 787-8 Dreamliner operating as Air India flight AI171. Of the 242 people onboard, 241 were killed, while the total death toll stood at 260, including casualties on the ground. On July 8, another parliamentary committee, the Public Accounts Committee, headed by Congress MP KC Venugopal, inquired about the expected timeline for the investigation report on the crash and the analysis of the aircraft's black boxes. 'These are ongoing discussions regarding tariffs, flight fares… The safety aspect was also discussed. All members are very keen on asking questions on safety. This meeting will continue. Once they reply, we will meet again. Some of the questions on safety were answered by the DGCA [Directorate General of Civil Aviation],' Venugopal was quoted as saying by the Indian Express. 'We discussed the fare increase because we discussed the post-Pahalgam issue and during Kumbh (fare increase)… The committee asked about clear-cut regulations on fares and on fair play,' he said. Former civil aviation minister and NCP MP Praful Patel, who is among the committee members, emphasised that the DGCA was well equipped but needed more staff as it 'has a shortage of top-level skilled people'. 'We discussed the fare increase because we discussed the post-Pahalgam issue and during Kumbh (fare increase)… The committee asked about clear-cut regulations on fares and on fair play,' he added. Former civil aviation minister and NCP MP Praful Patel, who is among the committee members, emphasised that the DGCA was well equipped but needed more staff as it 'has a shortage of top-level skilled people'. The DGCA was well equipped but needed more staff as it has a shortage of top-level skilled people.
