Paytm May Scrap Pre-IPO Sale Plan Over Valuation Differences: Report

Paytm, the Indian digital payments pioneer backed by Jack Ma's Ant Group Co., is considering scrapping the proposed Rs 2,000 crore ($268 million) share sale ahead of its initial public offering over...

from NDTV News - Topstories https://ift.tt/3b1bo9S
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India's Homegrown Trainer Aircraft 'Hansa NG' Set To Soar Higher

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India's aviation sector is booming with over 10 crore passengers flying every year. To keep up with the demand, India needs at least 30,000 new pilots in the next few years. India's pilots are currently trained in foreign planes. However, today a new Indian bird has come into the market, namely Hansa Next Generation trainer plane, developed by the National Aerospace Laboratories which will help in training pilots. Science Minister Jitendra Singh and Civil Aviation Minister K Rammohan Naidu announced a new private sector partnership between Pioneer Clean Amps Pvt Ltd, Mumbai, which makes about 110 of these planes. Civil Aviation Minister K Ramomohan Naidu said 10 crore passengers are flying every year with just 840 aircraft, and the aviation industry has ordered another 1,700 planes. To service them, some 30,000 new pilots will be required. Hansa NG offers a domestic solution to this booming sector, he added, especially because very soon India will have 300 airports from toda...
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