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Aerospace (FWDA) on Tuesday announced the successful maiden flight of indigenous unmanned bomber aircraft, the FWD 200B. Classified as a Medium Altitude (15,000 feet) Long Endurance (MALE) Unmanned Aerial Vehicle (UAV), the FWD 200B is equipped with optical payloads for surveillance and missile-like weapons for air strikes and bombing, the FWDA Founder and CEO Suhas Tejaskanda told reporters here. «The aircraft's aerodynamics design, airframe, propulsion systems, controls systems, electronics are all made in India at FWDA's state-of-the-art manufacturing facility of 12,000 sq.ft built on 1.5 acre land, located at Electronic City, Bengaluru,» he said. FWD 200B features a wingspan of five metres and a length of 3.5 metres. It has a maximum take-off weight of 102 kg and a payload capacity of 30 kg, the company said.

Orkla India, which owns MTR and Eastern spices, has started initial talks with bankers to raise around $300 million (about ₹2,500 crore) by selling 10-15% stake through an initial public offering (IPO), at a valuation of around $2 billion, said people familiar with the matter. The company is in the process of hiring bankers, and the listing could happen between June and November 2025, they said.

Sanjay Singh, CEO and head of territory, BNP Paribas India, also confirmed the bank has recently received a ₹300-million capital infusion from its Paris-based parent group. The lender has carried out equity capital market deals worth $4.2 billion over the past year, and is noticing optimism among clients for the future pipeline. Edited excerpts from an interview with Bhaskar Dutta. ET has learnt that BNP Paribas India has received ₹300 million worth of additional capital over the past couple of months. What triggered the decision and what are the India plans for the bank?

₹1.5 lakh on its popular three-door Thar SUV model, just weeks after the launch of its larger sibling, the five-door Thar Roxx. The move is meant to maintain the sales momentum for the Thar, particularly as potential buyers may be swayed by its overlapping price points with the Thar Roxx, two people aware of the development said.

Volkswagen says it's not getting the cost reductions that it needs — and won't rule out plant closings in its home country Germany

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BEIJING – China's first attempt at a top-tier video game has smashed world records, bolstering the industry's global ambitions just a few years after Beijing's gaming crackdown.

Almost everybody has faced some financial crisis in life. Some of these crises may have been caused by external events, so the individual can’t be held responsible. Others are quite clearly self goals in one’s investment journey. The point is, did your financial crisis turn you into a better investor? Have you ensured that your finances never face such a crisis again? Wise men say that even if you lose, don’t lose the lesson. ET Wealth reached out to industry experts and financial advisers to know what they learnt from the financial upheavals in their lives. The experts everyone looks up to for their financial wisdom and prudent planning have also grappled with the same mistakes that many of us make. They have also faced the same uncertainties, the same doubts and, yes, the same losses.

Nifty at new all-time high of 25,236 simply indicates momentum as it steps in uncharted territory. The upward momentum is evident specifically with a directional contribution from Pharma, Tech and Finance. At present, the underperformance in Bank Nifty and other sectors make the current rally very specific in terms of outperformance from sectors like Finance, commodities, Pharma and tech.

MUFG), Japan's largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia Pacific CEO for the bank, tells Joel Rebello the group has only started its investment journey in India and would increase exposure in the economy tipped to be the world's third biggest soon. Edited excerpts: You doubled down on your investment in DMI Finance last week. What is the strategy for investments in India?

artificial intelligence (AI), GitHub chief executive Thomas Dohmke said. Dohmke told the ET World Leaders Forum that tens of millions of developers in India are creating the digital public infrastructure of the future, fueling economic growth. GitHub is a developer platform that allows developers to create, store, manage and share their code. The company was acquired by Microsoft in 2018. «Developers drive GDP growth and technological progress to the tune of trillions of US dollars. And the opportunity goes further because software developers are adopting AI faster than any other sector of the global workforce,» Dohmke said.

«This is the first time independent India has seen such impetus or focus on developing infrastructure, both from the government and the private sector, such as road network, improvement of stations, world class airports, sports stadiums, convention centers,» said Mandeep Lamba, president and CEO, South Asia, HVS Anarock, while moderating the session. Tourism in India grew 300% YoY in 2023, said MakeMyTrip executive officer Rajesh Magow. «We have to create awareness and change the perception of the country, because people (tourists) also worry about security and safety.» Tourism in India is only at 85% of what it was in 2019 before the Covid pandemic hit, he said.

Localisation and customer service are key to success in any market, Agoda chief executive Omri Morgenshtern said. «Deep local merchandising or localisation is what we do when we go to any market. Every market you go to, you have two problems: problem number one is trust… nobody knows you and, as a result, they don't trust your service,» he said. «Problem number two is customer education in a B2C (business-to-consumer) business. Educating customers about something that they are not used to doing is horrible, super painful, costly… slower adoption. What you want to do is bring yourself, as much as you can, to look and behave like a local brand. Don't educate people… slowly, start being a local.»

Wipro Ltd, and Tech Mahindra Ltd have had new bosses within the last two years, whereas Parekh has been at the helm for more than six years and CVK for nearly eight. TCS, India’s largest IT services company, entrusted K. Krithivasan with the top job in June 2023 after Rajesh Gopinathan, who had steered the company for slightly more than six years since February 2017, stepped down.

US housing market is currently in a complete fix, and an unsustainable bubble around it could make things crash as severely as it did last time in the year 2006, which is considered as one of the worst years for the US' housing scenario.

Thomas Dohmke, CEO of Microsoft-owned developer platform GitHub, emphasised on India's rising significance in the global tech sector. Speaking at The Economic Times World Leaders Forum, Dohmke highlighted the country’s potential to become a major hub for artificial intelligence (AI). «What if AI isn’t just for tech experts but for everyone?» Dohmke asked. «Every company should become an AI company.»

UFC fight night and UFC 306 schedule are out. The MMA events will be back on September 7 with UFC Fight Night as Gilbert Burns will take on Sean Brady in Welterweight category. UFC 306 will also take place in September. The events will be live streamed on ESPN+ and ESPN+ PPV. UFC Fight Night will be back in Las Vegas as welterweight category fight between Gilbert Burns and Sean Brady will headline the event. MMA fans can watch the event on ESPN+. UFC 306 will take place on September 14 when Sean O'Malley and Merab Dvalishvili will go head-to-head in Bantamweight category. The event will be streamed on ESPN+ PPV.

Narendra Modi addressed the gathering at the ET World Leaders Forum. He began his address by saying 'I am sure, at ET WLF, many discussions happened with regard to India’s bright future. He went on to say, 'India is writing a different success story today.' 'We have seen the effect of reforms on our economy success. India has outperformed its peers and beat expectations. Global economy grew 35 pc in 10 years, but Indian economy grew 90 pc and this sustained growth will continue.'