Secretary of State Marco Rubio and Democratic senators sparred Tuesday over the Trump administration's foreign policies, ranging from Ukraine and Russia to the Middle East, Latin America, the slashing of the US foreign assistance budget and refugee admissions.
Rubio defended the administration's decisions to his former colleagues during a Senate Foreign Relations Committee hearing, his first since being confirmed on President Donald Trump's inauguration day.
He said America is back and claimed four months of foreign-policy achievements, even as many of them remain frustratingly inconclusive. Among them, the resumption of nuclear talks with Iran, efforts to bring Russia and Ukraine
Adani Airports is set to invest ₹20,000 crore ($2.4 billion) to develop commercial spaces around its airports, aiming to boost earnings from non-aeronautical sources, according to a report by The Economic Times. Nearly 70 per cent of this spend is focused on the Mumbai and Navi Mumbai airports.
Why it matters
The group wants to flip the traditional airport revenue model by 2030 — making non-aeronautical business like retail, hospitality, and real estate the primary source of income. This shift is designed to make the business more resilient to fluctuations in air traffic.
City-side development plan
• A major part of the
Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1 per cent stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), the ports-to-mining conglomerate announced in a stock exchange filing.
The transaction was valued at ₹400 crore for the 85.1 per cent equity in AWIEPL. It is an all cash deal, and no equity has been exchanged. The acquisition was initially announced on 23 December 2024.
The acquisition is part of Adani Group’s plans to expand in the aircraft services and maintenance, repair, and overhaul (MRO) segment.
Adani Defence & Aerospace on Monday announced that it has, in partnership with Prime Aero, signed a definitive agreement to acquire 100 per cent ownership of Indamer Technics Private Limited (ITPL), a private-sector Maintenance, Repair, and Overhaul (MRO) company.
The investment will be made through Horizon Aero Solutions Limited, a 50-50 joint venture between Adani Defence & Aerospace and Prime Aero, which is owned by Prajay Patel, director of Indamer Technics, the company stated.
ITPL operates a facility in Nagpur’s MIHAN special economic zone, covering 120,000 square metres and housing 15 aircraft bays across 10 hangars, the company said, adding that ITPL is approved by India’s Directorate General of Civil Aviation (DGCA), the United States Federal Aviation Administration (FAA), and other international regulators.
It provides services including lease return checks, heavy C-checks, structural repairs, and aircraft painting for Indian and global clients, the statement added.
The company, however, did not disclose the amount at which the deal is proposed to be executed.
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