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Indian equities extended their decline on Wednesday, with the Nifty falling below the 22,650 mark as selling pressure persisted at higher levels. Healthcare stocks led the losses, while banks and realty names outperformed, with Kotak Mahindra Bank, InterGlobe Aviation and ICICI Bank among the day’s notable gainers.
The U.S. National Weather Service said its radar systems were operating normally after reports of a nationwide website outage surfaced during an FAA ground stop that disrupted air travel across the country. The episode highlighted how quickly confusion over critical infrastructure can ripple through aviation, markets, and public confidence when official digital channels are strained.
India will have a fully indigenous civil aircraft within two years, Civil Aviation Minister K. Rammohan Naidu said on Thursday, framing the milestone as part of a broader push to deepen domestic manufacturing and aviation capacity. Speaking at the CII Partnership Summit, he also highlighted Andhra Pradesh’s infrastructure build-out and investment potential as the state seeks a larger role in India’s industrial growth story.
GMR Group is developing a 500-acre aviation and aerospace ecosystem in Andhra Pradesh, a move that underscores the state’s push to attract large-scale industrial investment. Speaking at the CII Partnership Summit, Group Chairman G. M. Rao said airports are becoming central economic engines, not just transport assets, as India deepens its infrastructure-led growth model.
The Centre has granted site clearance for proposed airports in Kuppam and Srikakulam, marking a significant step in Andhra Pradesh’s wider aviation expansion plan. The move comes as the NDA government prepares a master plan to develop nine new airports across the state, signalling a broader push to improve connectivity, attract investment and strengthen regional infrastructure.
Airlines have approached the Civil Aviation Ministry seeking intervention after Mumbai airport declined summer schedule slots to several foreign carriers, escalating a dispute with implications for international connectivity and market access. The move underscores growing friction over capacity allocation at one of India’s most constrained and commercially important airports.
With just two days remaining before TechSparks 2026 opens, YourStory has broadened the summit’s speaker roster with new names spanning artificial intelligence, enterprise technology, aviation, policymaking, diplomacy and entertainment. The additions underscore the event’s positioning around “The New Tech Order,” signaling a wider conversation on how technology is reshaping business, governance and culture in India.
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