Public sector firm Hindustan Aeronautics' Rs 4,230-crore initial public offer (IPO) hit the market today. The government is divesting its 10.20 per cent holding via the IPO. The government approved the sale of 10 percent stake in the defence public sector undertaking on October 1 last year.

Conversations with those within the private aerospace and defence sector in India suggest that it is still early. While some joint ventures have been formed and work has started, manufacturing, especially on a large-scale, is some distance away.

In a big leap for India's defence manufacturing, Tata Boeing Aerospace (TBAL), a joint venture between Boeing and Tata Advanced Systems (TASL) today inaugurated its facility to produce fuselages for the AH-64 Apache helicopter.

The CBI nabbed Vipul Ambani, the president (finance) of Nirav Modi's Fire Star Diamond, on Tuesday in connection with Rs 11,384 crore fraud in Punjab National Bank (PNB)

It was India's moment at the Davos high table and Prime Minister Modi led from the front.

The Airports Authority of India has awarded 325 routes to 15 airlines and helicopter operators. In the bargain, 25 new airports and 31 new helipads will now be connected to the existing network.

Delivering the speech in chaste Hindi and invoking the oldest Upanishad, the Isha Upanishad, Modi began by discussing the theme of this year's WEF \"Shared Future In a Fractured World\" but then displayed the full breadth of his oratory covering the widest possible array of issues.