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British Royal Navy's Fighter Jet Set to Fly Back After Being Grounded in India for 37 Days

British Royal Navy's Fighter Jet Set to Fly Back After Being Grounded in India for 37 Days

Time of India3 days ago
A British Royal Navy F-35B Lightning II fighter jet that made an emergency landing at an Indian international airport on June 14 is now ready to return to the UK. Parked at the Air India hangar for over a month due to a technical snag, the $110 million stealth aircraft has undergone full repairs by British aviation engineers. The advanced 5th-generation jet, one of the UK's most powerful and technologically advanced, racked up significant parking and maintenance charges at the Indian airport. Watch this video to know what went wrong, how it was fixed, and why the world's most sophisticated fighter was grounded for nearly a month.#f35b #royalnavy #britishfighterjet #stealthjet #indiauk #emergencylanding #fighterjet #militaryaviation #aviationnews #jetgrounded #f35india #ukdefense #airindia #indianairport #globaldefense #toi #toibharat #bharat #trending #breakingnews #indianews
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Jio BlackRock enters Indian MF market with focus on profitability and growth
Jio BlackRock enters Indian MF market with focus on profitability and growth

Economic Times

time20 minutes ago

  • Economic Times

Jio BlackRock enters Indian MF market with focus on profitability and growth

Synopsis Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio's telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing. Agencies The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Mumbai: Jio BlackRock Asset Management, one of the latest high-profile entrants into the Indian mutual fund industry, maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO."I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added

Jio BlackRock enters Indian MF market with focus on profitability and growth
Jio BlackRock enters Indian MF market with focus on profitability and growth

Time of India

time36 minutes ago

  • Time of India

Jio BlackRock enters Indian MF market with focus on profitability and growth

Mumbai: Jio BlackRock Asset Management , one of the latest high-profile entrants into the Indian mutual fund industry , maybe following a slightly different playbook from group entity Jio's disruptive telecom foray. The 50:50 joint venture between Mukesh Ambani-backed Jio Financial Services and the world's largest asset manager BlackRock, may not be as aggressive on its pricing strategy to grab market share, unlike Jio's sharp discounting that helped it catapult into the big league in telecom. Profitability and capturing share from new growth in a market that has grown threefold in five years will be some of its mantras. Explore courses from Top Institutes in Please select course: Select a Course Category others Product Management Project Management MBA Cybersecurity Leadership Management Digital Marketing Healthcare PGDM Data Science CXO Degree Public Policy Others Data Science healthcare Artificial Intelligence MCA Finance Operations Management Design Thinking Data Analytics Technology Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details "It is not at all to just capture market share, and profitability will be important and pricing is one of the key points," said Sid Swaminathan, MD and CEO, Jio Blackrock Asset Management, in an exclusive interview with ET. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » "We know the market is going to grow, we want to help it grow and get a share of the new growth that is coming, rather than capture from existing incumbent players. It's the growth story we are here for," said Swaminathan, who spent close to two decades with BlackRock in various fund management capacities, before relocating to India, about a year ago. The fund house is keen to offer differentiated content, value-added products and grow the market rather than grab share from existing players, he said. One of the differentiators Jio BlackRock will bring is its proprietary tech platform Aladdin, which will help in cutting transaction costs. "That allows us some cost engineering which we will pass on to end customer which results in more competitive pricing," said Swaminathan. Live Events The industry is keeping a close watch to see if Jio BlackRock will undercut rivals in the ultra-competitive mutual fund industry. Jio Blackrock started operations in India this month with launch of three debt schemes that include overnight, liquid and money market funds that mopped up ₹17,800 crore in early July. There have been talks that Reliance has also invested in the NFO. "I don't want to be disclosing those levels of numbers now. Point is they are a large institution. They invest in all MFs right now. We have had 90 different institutions invest, so the breadth we got is very large; it is well diversified to begin with and we continue to add more investors post the NFO," he said. It is expected to soon launch another five index funds, including four equity and one fixed-income fund. While the fund house has started with index funds, it aims to offer the entire range of index and active funds, funds that are driven by data, exchange traded funds (ETFs), specialised investment funds (SIFs) and alternate investment funds (AIFs) over time. While the Indian mutual fund market offers both regular and direct plans, the fund house has started with only direct plans, bypassing mutual fund distributors who sell regular plans and earn a commission. 'There is a growing trend towards digital; people are comfortable doing finances on the phone; we are looking to harness that with a direct digital model and that looks like the right way to start. However, nothing is off the table and as the business grows we will evaluate and take a call,' Swaminathan said. The Indian mutual fund industry, one of the fastest growing globally, has seen assets under management expand threefold in the past five years—to Rs 74.41 lakh crore in June 2025 from Rs 25.5 lakh crore in June 2020. The industry is abuzz with speculation that Jio Blackrock will scale fast and could also look at acquisitions. 'It is too premature to look at acquisitions. We are just getting started. From a strategy perspective we want to be in a situation where we will look at the evolution of the market, how we grow, what we see changing and how we adapt with our funds and distribution. We don't want to rule anything out,' said Swaminathan. 'We want to be a significant player here in the long term, but on the path to that we will get a better idea once we spend more time in the market,' he added

Japan seeks digital technology collaboration with India to boost manufacturing & address workforce shortage
Japan seeks digital technology collaboration with India to boost manufacturing & address workforce shortage

Time of India

timean hour ago

  • Time of India

Japan seeks digital technology collaboration with India to boost manufacturing & address workforce shortage

1 2 Nagpur: Japan needs to take advantage of India's digital leap. "If the manufacturing sector is our forte, India leads in digital technology, which needs to be adopted by Japanese industries," said the chief director general of Japanese External Trade Organisation (JETRO), Takashi Suzuki. Given the country's expertise in the sector, there is no choice but to tie up with Indian ventures, he said. He also acknowledged a labour and low-skilled workforce shortage in Japan. "The country is also eyeing business opportunities for its small and medium enterprises (SMEs) in India," said Suzuki. JETRO is a Japanese govt body that promotes exports from the country and works on bilateral business ties. Suzuki was speaking to TOI on the sidelines of the Viksit Bharat 2047: A Global Perspective seminar organised by IIM-Nagpur. "Japan may have a strong manufacturing sector, but this is not enough. Even manufacturing industries need to work on digital technology. For example, Toyota, which has plans to start factories in Aurangabad, is not just an automobile company. In the new age, it is a mobility company with digital technology a key component of its business. India can help in giving the digital tech push," said Suzuki. He also said there is a major manpower shortage in Japan, even at low skill level. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Great news for Filipinos! Read More Undo If JETRO works on high-end talent, there are other govt departments in Japan that cater to the mid and low-level segments of the workforce. The recent announcement by Toyota to start four factories in Aurangabad has led to Maharashtra becoming a top choice for Japanese investors, he said. Suzuki said there have been inquiries from Japanese companies to invest in Maharashtra. "Toyota is setting up factories that can attract ancillary industries," he said. Suzuki said Japan is also looking at reworking its ties with other countries in the wake of the current geopolitical situation. The relations with China remain a tricky issue for Japan, he said. Both countries are neighbours. However, China is also confronting the US, with which Japan has good relations, he said. The ongoing armed conflicts between Russia-Ukraine, Israel-Hamas, and even the recent engagement between India and Pakistan, have led Japan to feel that it needs to secure its interests. He also clarified that Japan cannot go very aggressively with collaboration in the defence sector, given its current position. It has troops just enough to protect its own country. Suzuki said one of the concerns of JETRO with India is over its protectionist measures. At times, this has affected exports from Japan to India. These are non-tariff barriers, but Japan is also trying to overcome the constraint by increasing localised production in India, he said. Suzuki said India does not depend on a single trade partner and has a huge and diverse market, which Japan would like to take advantage of.

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