7X AVIATION
US flight chaos hits 1.5 million passengers, 11,000 flights: What brought skies to a halt?
FAA flights grounded reason: A nationwide ground stop impacted thousands of flights across the United States due to overloaded air traffic control systems. Officials confirmed that over 3,000 flights landed safely during the event, affecting more than a million travelers. Secretary of Transportation Sean Duffy mentioned that it could happen again as the issues were mechanical. Limited flights resumed later, but full recovery will take days for airlines.
Adani Ports can absorb proposed Evos acquisition costs: S&P
Adani Ports and Special Economic Zone intends to acquire Evos BV, a Netherlands-based liquid storage operator. The all-cash transaction, valued at 2.56 billion euros, emphasizes strategic international expansion. The acquisition aims to enhance Adani Ports' liquid portfolio with new-age transition fuels, reflecting its growth strategy. S&P Global Ratings predicts Evos could contribute 9 percent of Adani Ports' total EBITDA by fiscal 2029.
Samvat 2083 outlook: 8 triggers that could turn Sensex, Nifty correction into a rally by next Diwali
Indian equities enter Samvat 2083 after a correction that has made valuations more attractive, but a sustained rally will depend on several triggers. Falling crude oil prices, easing inflation, an earnings recovery, FII buying, an India-US trade deal and continued domestic liquidity could shape the market's trajectory over the next year.
US Pilot waited 11 years to draw giant GTA 6 artwork in sky for 8 hours; his sky art goes viral. Who's the man behind it?
In a stunning display of aerial artistry, pilot Benjamin McDaniel, dubbed The Pilot Picasso, spent over eight hours crafting a grand sky drawing in Arkansas, influenced by the popular video game Grand Theft Auto VI. His meticulous flight path featured iconic elements such as the game's logo, lush palm trees, and a helicopter, showcasing his skill and dedication to safety.
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
West Bengal investment policy puts jobs first, offers up to 120% assistance to industries
West Bengal has launched a new investment promotion policy aimed at encouraging industrial growth and job creation. The policy includes substantial incentives for businesses, especially those focused on employing women and transgender workers. It offers streamlined processes for approvals and payments, enhancing efficiency for investors. Priority areas will receive higher assistance levels and a framework for regular review every three years.
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Learjet plane crash in Florida kills Adam Robinson, technology entrepreneur who created marketing platforms, wife Helen Sharp, children, old 'X' tweet goes viral
Adam Robinson's old post on 'X' has gone viral after he along with his family was killed Learjet plane crash in Florida.
Florida jet crash: Aircraft erupts into fireball near busy roadway, killing all nine on board
A business jet crashed in Greenacres, Florida, resulting in the deaths of all nine individuals on board. The aircraft was en route to the Bahamas from Austin-Bergstrom International Airport in Texas while encountering severe turbulence and icing conditions. Minutes before the crash, the pilot reported an emergency and rapid descent. Authorities have evacuated a nearby mobile home community as federal investigators begin their inquiries.
Boeing reports smaller loss as it aims for stable output growth
Boeing on Tuesday reported a smaller quarterly loss compared with the same period last year -- when plane certification delay costs heavily dented results -- as it ramps up output carefully. The aviation giant reported a third-quarter loss of $116 million, compared with a loss of $5.3 billion in the year-ago period mostly from delays to certification of the 777X, the latest generation in Boeing's long-range, wide-body commercial jet family.
Riyadh Airport announces resumption of operations at T1, T2 following closure after Houthi attacks
Riyadh's King Khalid International Airport will resume operations from Terminals 1 and 2 on October 25, issuing a travel advisory amid Houthi claims of attacks on Saudi airports and energy infrastructure. Air India and Air India Express have suspended flights to Riyadh, Dammam and Jeddah for specified periods, offering refunds or rebooking.
First tanker of Russian diesel sets sail for the US in Trump's controversial deal with Putin
A tanker transporting Russian diesel to the United States has departed, signaling a new import agreement. This deal has raised concerns in Ukraine due to Russia's ongoing invasion. U.S. political figures criticized the agreement as it contravenes existing American laws and may benefit Moscow. Ukrainian President Volodymyr Zelenskyy expressed disappointment over the decision and its potential impacts.
Goa rationalises aviation turbine fuel VAT to 7% from October 24, IndiGo welcomes move
Goa government has announced a reduction in the value-added tax on aviation turbine fuel to 7%. This revised VAT rate will come into effect on October 24, 2026. IndiGo welcomed this decision, encouraging other states to implement similar measures. The airline believes this change will enhance air travel accessibility and boost the tourism sector in Goa. The notification amends the Goa Value Added Tax Act to reflect this new rate.
Farmer finds door of private jet that fell off within 3 minutes of takeoff from Nigeria’s capital, 3000 feet in the air
A private plane operated by Triton Aviation experienced an emergency landing shortly after takeoff from Abuja. The incident occurred when a door fell off the aircraft, requiring immediate return to the airport. Quick responses from the crew ensured safe landing, and emergency crews were ready on arrival. The missing door was later discovered in nearby farmland by a local farmer.
'India's dynamic market': Canada Trade Minister Sidhu highlights opportunities for Canadian firms
Canadian International Trade Minister Maninder Sidhu has highlighted opportunities for Canadian companies in India's "dynamic market", identifying artificial intelligence, quantum computing, aviation infrastructure, digital innovation, sustainability and smart mobility as key areas for bilateral cooperation.
Harsh Goenka has advice for Tata Sons amid Sensex decline: ₹11.68 lakh crore equity portfolio could generate ₹82,000 crore a year in FDs
Harsh Goenka has shared a hypothetical scenario in which Tata Sons' ₹11.68 lakh crore listed equity portfolio could generate ₹70,000 crore to ₹82,000 crore annually if invested in fixed deposits or other instruments yielding 6% to 7%. He suggested the potential income could support philanthropy and social good, while clarifying that he was not recommending the sale of the portfolio.
Trump says Houthis 'misbehaving very badly' amid attacks on Saudi Arabia
US President Donald Trump condemned the Houthi rebels for their recent attacks on Saudi Arabian targets. He stated that the Houthis are misbehaving, and Washington may consider military actions alongside Saudi Arabia. The Houthi militia has targeted key airports, leading to deadly incidents in the past week. Regional diplomatic efforts continue amid increasing tensions in Yemen. Saudi Arabian authorities intercepted attacks on military bases while advising residents to remain vigilant.
Will analysts' predictions go wrong? 15 auto stocks with upside potential of up to 50% to as low as negative 1%
For anyone trying to figure out where the economy is headed in the next six months, the numbers to watch will come from auto showrooms. The auto sector has, for long, provided the earliest indications of the health of the economy. And the sales numbers it puts out ahead of the festive weeks are where the correlation is best seen. So, keep a close watch on the auto pack.
Saudi Arabia faces a missile-defence crunch after deadly Riyadh airport attack
Saudi Arabia is experiencing a critical shortage of interceptor missiles as Houthi attacks intensify across the region. Recent strikes on King Khalid International Airport resulted in multiple fatalities and injuries, raising significant security concerns. The Indian Embassy confirmed the death of an Indian national injured in the attack, amidst concerns for injured citizens. Houthi military officials are warning international travelers against flights to Saudi airports, citing safety issues.
US Secretary of State Marco Rubio says Saudi attacks ‘must stop now’, confirms US citizen killed
A recent attack on King Khalid International Airport in Riyadh led to 12 deaths and over 300 injuries. This incident heightened tensions between Saudi Arabia and Yemen's Houthi group, leading to international condemnation. US Secretary of State Marco Rubio expressed outrage and called for an immediate halt to such attacks. Several countries, including Egypt and Qatar, condemned the assaults and expressed solidarity with Saudi Arabia.
Trump warns Iran may ‘do a little bit extra’ before US midterms, says conflict could end ‘really quick’
US President Donald Trump warned that Iran could escalate tensions before the November 3 midterm elections, while saying the conflict could end quickly. His remarks came amid ongoing discussions with Tehran and a US blockade on Iran. Trump also said Washington would consider joining Saudi Arabia in strikes against Yemen’s Houthis.
"No other connectivity issues": India on West Asia air traffic amid attacks in Saudi
The Ministry of External Affairs reports disruptions in Saudi Arabia following recent attacks on civilian infrastructure. Three Saudi citizens were killed and others injured as a result of the violence at King Khalid International Airport. Despite the incidents, air traffic across West Asia continues to operate normally. The Indian Embassy in Riyadh has advised nationals to remain vigilant and follow local guidelines.
Akasa Air extends Riyadh flight cancellation till October 10 amid evolving security situation
Akasa Air and Air India Express have cancelled flights to and from Riyadh until October 10 amid a worsening security situation following attacks on two Saudi airports on October 6 and 7 that killed three people and injured 36. Both airlines are offering affected passengers full refunds or complimentary rescheduling. The Indian Embassy in Riyadh has advised Indian nationals to remain vigilant, stay indoors if necessary and follow local authorities’ instructions.
Saudi Arabia airport attacks: India advises its nationals to 'stay indoors' if needed, remain vigilant after 3 killed, 36 injured
The Indian Embassy in Riyadh on Thursday advised Indian nationals in Saudi Arabia to remain alert, stay indoors as necessary and follow instructions issued by local authorities after attacks targeted Abha International Airport and King Khalid International Airport in Riyadh, leaving three people dead and 36 injured.
Payoneer India Cross-Border Excellence Awards 2026 closes with a blueprint for India’s next export leap
India’s exports hit a record $863.1 billion in FY26, yet the businesses driving that growth rarely share the spotlight. On September 25 in New Delhi, the Payoneer India Cross-Border Excellence Awards 2026, in association with The Economic Times, closed its 2026 cycle with a summit on market access, growth corridors and outbound compliance, and 16 category winners that show what Indian global enterprise looks like today.
Oil prices rise as storms and air strikes threaten supply
As a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending storm threatens to disrupt both production and refining processes, potentially affecting large quantities of crude oil and natural gas. Additionally, dwindling US crude and gasoline inventories contrast with a minor increase in distillate stocks.
Ontario air ambulance Atlantic search: ‘Roger, you said you’re coming in blind?’ Pilot’s final warning before jet vanished while flying from Bermuda to Boston
The Ontario air ambulance Atlantic search has ended after a medical transport jet carrying six people disappeared off Nantucket. Air traffic control audio captured a chilling exchange in which a controller asked the pilot, “Roger, you said you’re coming in blind?” after the pilot reported electrical problems and declared an emergency. The US Coast Guard searched for about 66 hours before suspending active search operations.
Tamil Nadu scraps plans for greenfield airport in Parandur, risks falling a decade behind rival aviation hubs
Tamil Nadu, a $400 billion-plus economy with more than 10% annual growth, lacks an airport that matches its economic scale. Chennai’s Meenambakkam airport handled 23 million passengers in FY26, well below Bengaluru and Hyderabad, while the state’s other airports also lack the capacity to meet growing demand.
A fight in the cockpit, a plunge from 33,000 feet: Inside the FlyDubai mid-air crisis
A pilot on a FlyDubai flight from the United Arab Emirates attacked another pilot during the journey. This incident led to a rapid altitude loss, causing panic among the passengers on board. Quick actions by crew members and a passenger allowed them to regain control of the aircraft. The flight was redirected and successfully landed in Saudi Arabia without any fatalities.
These large-cap stocks have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 29%, according to analysts
After crude oil prices, the one thing that provides a boost to the bears is the tariffs that US President Trump keeps announcing. Now, there is no way of knowing what will happen in terms of the latest 100% tariff announced around Russian oil imports. Even the person who has signed off on the tariff perhaps does not quite know what he did and why he did it. The market can only hope that nothing truly disruptive to the global economy is actually implemented.
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