An implement weighing a few kilograms (and also, not very expensive) in a 5 ton helicopter does not sound like much, but the control rod of the Advanced Light Helicopter or ALH has been causing problems in recent months.

A Navy ALH ditched into the sea in March this year and a Coast Guard version also went down soon after that. Then, there was an Army ALH crash in Kishtwar this month. Many of the problems appear to be traced to the control rod of the chopper and the metal that is used to manufacture it. So far, the ALHs the armed forces have (about 140 with the Army, 70 with the Air Force and 20 with the Navy) have had aluminium control rods. But now, Hindustan Aeronautics, the original manufacturer of the helicopter, after discussions with the armed forces officials have decided to replace the aluminium control rods with ones made of steel.

Shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31.

The stock of Adani Total Gas tumbled 5 per cent to ₹ 812.60 -- its lower circuit limit -- on the BSE.

Shares of Adani Transmission declined 5 per cent to hit its lowest trading permissible limit for the day at ₹ 871.15.

There are three additions and three deletions announced in the MSCI India Index, which will take place as of the close of May 31, according to an update by index compiler MSCI.

US-based engine manufacturer Pratt & Whitney is all set to oppose Go Airlines (India) Ltd's push to enforce an arbitration ruling against it for the supply of spare engines, Reuters reported using Delaware court filings. 

The cash-strapped low-cost airline approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney in April.  

On May 2, Go First announced to cancel all the flights from May 3 to 5 after it moved the National Company Law Tribunal (NCLT) where it filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016. 

The National Company Law Tribunal (NCLT) on Monday issued notice to low-cost airline Go First on a petition filed by a pilot regarding his dues, as the beleaguered carrier seeks an early decision on its voluntary insolvency resolution plea. NCLT two-judge bench, headed by Justice Ramalingam Sudhakar and a technical member LN Gupta on Monday issued notice to the budget carrier on hearing the plea of its pilot R Dastoor, stating that there is more than Rs 1 crore due on the low-cost carrier for his services provided to the airline.

"We issue notice and we will hear the matter on May 17, next," the NCLT bench said. Go First told the NCLT Delhi that it received notices from lessors for termination and the lessors have moved the Directorate General of Civil Aviation (DGCA), too, for relief.

An Indian shipping company with an ageing fleet of oil tankers has suddenly emerged as a centerpiece in Russia’s oil trade with India and other countries. In just over a year since Russia’s February 2022 invasion of Ukraine, Gatik Ship Management has amassed a fleet of old oil tankers.

According to the latest available data shared with The Indian Express by London-based maritime market intelligence firm VesselsValue, Gatik has put together a fleet of as many as 61 old oil tankers since March 2022. A vast majority of the vessels are older than 15 years, with the average age around 17 years, and the fleet’s cumulative value is estimated at over $1.5 billion, the firm said.