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India requires 2,210 aircraft over next 20 years, says Airbus

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 Aircraft maker Airbus has forecast that India will require 2,210 new aircraft over the next 20 years when the country’s air passenger traffic is expected to grow at 6.2 per cent per annum, the highest in the world.

The fleet could comprise 1,770 new small and 440 medium and large aircraft.

To serve its growing aviation industry, India will also require an additional 34,000 pilots and 45,000 technicians by 2040.

The forecast was announced by Airbus on the sidelines of Wings India 2022, Asia’s largest civil aviation show which began here on Thursday.

Airbus said it would deliver more than one aircraft to India every week for the next 10 years.

“Over the next decade, India will grow to have the largest population in the world, its economy will grow the fastest among the G20 nations, and a burgeoning middle class will spend more on air travel. As a result, passenger traffic in India will grow at 6.2 per cent per annum by 2040, the fastest among the major economies and well above the global average of 3.9 per cent,” said Brent McBratney, Head of Airline Marketing, Airbus India and South Asia.

India has witnessed an upward trend in the growth of air traffic over the last 10 years — with domestic traffic growing almost threefold and international traffic more than doubling.

Remi Maillard, President and MD, Airbus India and South Asia, said India has huge untapped potential in the long-haul market.

On international routes, India has only about 1/10th of the widebody fleet installed in similar markets, depriving homegrown carriers of a larger share of the profitable long-haul routes now dominated by foreign airlines.

“We have seen India’s domestic market develop strongly with our flagship A320 aircraft. It is time now for Indian carriers to unlock the potential of international travel in and out of India, leveraging the country’s demographic, economic and geographic dividends,” said Remi Maillard.

“Whether it is expanding existing airlines or supporting new airlines, there must now be a re-fleeting and rethinking about future-oriented solutions with technology that paves the way for sustainable long-range travel. The A350 is the perfect solution for that,” he said.

Airbus is displaying the A350 at the airshow which will continue till March 27.

The complete Airbus product line comprises the only aircraft specifically designed for the small single-aisle market, the A220, the world’s best-selling A320 Family, the mid-size widebody A330/330neo and the Long-Range Leader, the A350.

Maillard said Airbus has been ramping up focus on sourcing core capabilities across product life cycle from India.

Currently, the annual sourcing of Airbus from India is at more than $650 million from 45 suppliers.

Airbus also supports 7,000 jobs, including about 1,650 engineers in India.

Business

Tomato Prices In Mumbai Surge – Know What Are The Current Rates

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Navi Mumbai: The APMC wholesale vegetable market saw an increase in tomato prices by over 30 percent in first week of November as compared to the prices in October 2025. According to the report, prices of tomatoes in October were sold in APMC at Rs 16 -20 per kg and have now increased to Rs 20-28 per Kg.

The supply of tomatoes have also reduced on Monday, as report by Loksatta stated that only 2238 quintals of tomatoes arrived in the APMC Market.

According to the report, traders said that cold weather and imbalance production of tomatoes led to the increase in price, adding that in the last few days, the supply of goods from Nashik, Pune and Nagar areas also reduced.

According to the report, farmers have cautioned about crop damage caused by unseasonal rainfall and the current cold weather, stating that there is a significant chance that the produced crop’s flowers and buds will fall.

Several other reports added that the price of green peas, cluster beans have also gone up. Price of green peas increased to Rs 280 per kg, cluster beans reached Rs 200 per kg while that of Tinda (Indian round gourd) have rised to Rs 50 for 250 grams.

According to Regional Meteorological Center,Mumbai, the climate in Pune, Nashik is expected to see dry climate till November 15. Indian Meteorological Department (IMD) Mumbai scientist Shubhangi Bhute added that, “there are no signs of unseasonal rainfall currently. With the northeasterly winds prevailing, the temperature will drop. The weather will be dry and skies will be clear.”

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Business

Sensex, Nifty open lower amid mixed global cues

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Mumbai, Nov 11: The Indian benchmark indices opened mildly in red on Tuesday, amid progress on the US shutdown bill and optimism regarding an India-US trade deal soon.

As of 9.25 am, the Sensex was down 177 points, or 0.21 per cent at 85,338 and the Nifty inched down 51 points, or 0.20 per cent to 25,523.

The broadcap indices performed better than benchmarks, with the Nifty Midcap 100 down only 0.09 per cent and the Nifty Smallcap 100 losing 0.06 per cent.

TCS, Tech Mahindra and Dr Reddy’s Labs were among the major gainers in the Nifty Pack, while losers included Bajaj Finance, Bajaj Finserv, Shriram Finance and Asian Paints.

Sectoral indices were trading mixed with most of them trading with mild negative bias. Nifty IT was the standout gainer up 0.31 per cent, while financial services, FMCG, Pharma and PSU Bank down 0.71 per cent, 0.49 per cent, 0.16 per cent and 0.57 per cent respectively.

“Nasdaq bounced back 2.2 per cent after the AI trade was weak last week. The return from AI stocks may take longer than expected, but there is no bubble in AI stocks, unlike the Tech bubble that crashed in 2000,” said market watchers.

They noted that Nasdaq PE was above 70 and many tech stocks were above 150 in March 2000, and AI stock PE valuations now range from 28 to 51, while Nasdaq’s PE is 32.

Most of the Asia-Pacific markets rose in early trading sessions on Tuesday tracking Wall Street gains on revived optimism regarding artificial intelligence stocks.

The US markets ended in the green zone overnight, as Nasdaq jumped 2.27 per cent, the S&P 500 added 1.54 per cent, and the Dow inched up 0.81 per cent.

In Asian markets, China’s Shanghai index lost 0.46 per cent, and Shenzhen dipped 0.67 per cent, Japan’s Nikkei added 0.43 per cent, while Hong Kong’s Hang Seng Index eased 0.29 per cent. South Korea’s Kospi jumped 1.38 per cent.

On Monday, foreign institutional investors (FIIs) sold equities worth Rs 4,889 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 1,787 crore.

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Jharkhand: Robbery and firing on trader sparks shutdown in Dhanbad market

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Dhanbad, Nov 10: Traders on Monday launched a massive protest after a businessman was robbed and shot at inside the government-run Market Committee complex in the Barwadda police station area in Dhanbad, Jharkhand, late Sunday evening.

The incident has caused concerns over rising crime in Jharkhand’s coal capital, prompting traders to shut all 417 shops in the market complex for the day.

The attack took place around 8.30 p.m. on Sunday when three bike-borne assailants intercepted trader Shyam Bhimsariya while he was closing his shop.

The miscreants fired at him, snatched a bag containing Rs 4 lakh, and sped off. Bhimsariya narrowly escaped the bullet, which reportedly grazed past him. The incident created panic among shopkeepers and customers, many of whom rushed to safety.

On Monday morning, hundreds of traders assembled at the main gate of the Market Committee complex, raising slogans against the administration and demanding immediate arrests. They alleged that the market, which witnesses a heavy footfall, has long been operating without proper security measures.

The Market Committee complex is one of the busiest business hubs in Dhanbad, recording a daily turnover of Rs 7-8 crore.

“We will not tolerate this kind of atmosphere where traders fear for their lives every evening,” a member of the traders’ association said, adding that if the culprits are not arrested within 48 hours, the protest may spread to other markets across the district.

BJP MP Dhullu Mahto, addressing traders, said criminals are “roaming fearlessly” in Dhanbad. “The morale of criminals has gone up due to weak policing. The police must act immediately to restore confidence among traders,” he said.

Jharia Congress MLA Ragini Singh accused the state government of complete failure on the law and order front. “When crime is discussed in the Assembly, the government remains silent. People are living in fear while criminals are dictating terms,” she remarked.

Outgoing Mayor Chandrashekhar Agarwal demanded urgent security measures in the market area, suggesting that CCTV cameras be installed. He said a permanent police post must be established to prevent the recurrence of such incidents.

Dhanbad District Chamber of Commerce president Chetan Goenka strongly condemned the attack and criticised authorities for ignoring repeated requests for better security.

“It is shocking that a market with a daily business of Rs 7-8 crore has neither CCTV surveillance nor police patrolling. Traders cannot operate under fear. The administration must take permanent measures,” Goenka said.

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