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Duty concession to help HAL, training aircraft makers

February 04, 2026

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Financial Express Kochi

THE CENTRAL GOVERNMENT'S decision to exempt basic customs duty on components and parts used in the manufacture of civilian, training and other aircraft is unlikely to prompt global original equipment manufacturers such as Airbus or Boeing to set up manufacturing lines in India.

- YARUQHULLAH KHAN

However, the move is expected to benefit domestic manufacturers such as Hindustan Aeronautics and maintenance, repair and operations (MRO) players.

Ravi Kota, director (operations) and incoming chairman and managing director of HAL,told FE.

المزيد من القصص من Financial Express Kochi

Financial Express Kochi

Adani Group settles $275-mn dispute with US Treasury

ADANI GROUP ON Monday agreed to pay $275 million to settle allegations of violation of US sanctions on Iran, with the US Treasury Department's Office of Foreign Assets Control (OFAC) saying the Indian conglomerate extended “extensive cooperation” with the investigation and made “proactive” disclosures.

time to read

1 mins

May 19, 2026

Financial Express Kochi

Fast-track import substitution: Goyal

INDIA TARGETS $1 TRN EXPORTS THIS YEAR, $2 TRN IN FIVE YEARS, SAYS MINISTER

time to read

2 mins

May 19, 2026

Financial Express Kochi

Sebi to issue guidelines for AI-led trading framework

THE SECURITIES AND Exchange Board of India (Sebi) will soon issue guidelines for artificial intelligence (AI)-driven trading systems, Chairman Tuhin Kanta Pandey said on Monday.

time to read

1 mins

May 19, 2026

Financial Express Kochi

Officer's Choice maker sharpens premium push

ALLIED BLENDERS & DISTILLERS (ABD), maker of Officer’s Choice whisky, is aiming for an equal split between premium and mass-market brands in volume sales over the next two years, as it deepens its focus on India’s fast-growing premium liquor segment.

time to read

1 min

May 19, 2026

Financial Express Kochi

Corporate capex growth to fall to 4% in 2 yrs: Moody's

THE US-IRAN CONFLICT has sharply increased prices and tightened supplies of key imported commodities including crude oil, natural gas, LPG, and fertilisers, on which India is heavily dependent on, Moody’s noted.

time to read

1 mins

May 19, 2026

Financial Express Kochi

Record solar capacity added in first quarter

INDIA ADDED 15.3 gigawatts (GW) of solar capacity in the first quarter of 2026 (January-March), marking the highest-ever quarterly installation and sharply accelerating the country’s renewable energy expansion ahead of key policy deadlines and transmission-linked incentives.

time to read

1 min

May 19, 2026

Financial Express Kochi

‘AI slows hiring across India GCCs’

GLOBAL CAPABILITY CENTRES in India are taking a measured approach to hiring as companies are wary about the impact of geopolitical uncertainties and growing AI adoption, the CEO of ANSR, which helps firms build and run global centres, said.

time to read

1 min

May 19, 2026

Financial Express Kochi

IT firms' new gold dust: Forward deployed engineers

Companies build client-facing AI teams as enterprises seek deeper workflow integration

time to read

5 mins

May 19, 2026

Financial Express Kochi

Royal Enfield plans plant in Andhra

ROYAL ENFIELD WILL invest around ₹2,500 crore to set up a new greenfield manufacturing facility in Tada (Tirupati), Andhra Pradesh, marking the first major expansion outside Tamil Nadu for the mid-size motorcycle maker since its inception in 1901.

time to read

1 min

May 19, 2026

Financial Express Kochi

Govt asks banks, insurers to limit travel, shift to EVs

THE FINANCE MINISTRY on Monday urged public sector banks and financial institutions to adopt austerity measures and shift to electric vehicles, following Prime Minister Narendra Modi’s appeal.

time to read

1 mins

May 19, 2026

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