

After a long and illustrious career, Air India's Boeing 747, affectionately known as the "Queen of the Skies," made its final journey from Mumbai International Airport today. The remaining four planes were sold by the Tata Group, the new owner being US-based AerSale with plans for freight conversions and disassembly. Airlines mourned the end of an era, with former Jet Airways CEO Sanjiv Kapoor expressing regret that one could not be retained as a museum in honor of its founder, JRD Tata.
Air India's Boeing 747: A Farewell to an Icon
Air India's Boeing 747, a legendary aircraft that graced the skies for decades, has bid farewell to the airline. The final four planes, known affectionately as the "Queens of the Skies," made their last journey from Mumbai International Airport on February 15, 2023.
Historical Background
Air India introduced the Boeing 747 to its fleet in 1971, becoming one of the first airlines to operate the wide-body aircraft. Over the years, the 747 played a pivotal role in Air India's growth and reputation, connecting India to major destinations around the world.
The 747 was admired for its spaciousness, comfort, and reliability. It could carry up to 420 passengers and had a unique upper deck, which became a signature feature of the aircraft. The airline's 747s underwent several upgrades and refurbishments to meet the changing needs of passengers and the aviation industry.
The Farewell
After nearly 50 years of service, Air India's 747s have reached the end of their operational life. The remaining four planes were sold by the Tata Group, the airline's new owner, to US-based AerSale. The aircraft will be converted into cargo freighters or disassembled for spare parts.
The farewell ceremony at Mumbai International Airport was a bittersweet moment for the airline and aviation enthusiasts. Air India employees, veterans, and former passengers gathered to bid farewell to the iconic aircraft. Former Jet Airways CEO Sanjiv Kapoor expressed regret that the airline could not retain one of the 747s as a museum in honor of JRD Tata, the founder of Air India.
Top 5 FAQs
1. Why did Air India retire its 747s? The 747s had reached the end of their operational life and required significant maintenance and upgrades to continue operating efficiently.
2. What will happen to the retired 747s? The four retired planes will be converted into cargo freighters or disassembled for spare parts.
3. Is this the end of the Boeing 747? No, the Boeing 747 is still in service with several airlines around the world, although it is being phased out gradually in favor of more modern aircraft.
4. What was the significance of Air India's 747s? Air India's 747s played a crucial role in the airline's growth and international operations. They were also symbols of India's aviation industry and provided a comfortable and spacious travel experience for passengers.
5. Is there any way to see a retired Air India 747? Currently, there are no plans to preserve one of Air India's retired 747s as a museum. However, there are several 747s from other airlines on display at aviation museums around the world.

At only 33 years old, Indian software engineer Ershad Kunnakkadan has been named the new CEO of San Francisco-based e-commerce company Gumroad. He joined the company in 2020 and rose through the ranks to take on the role after founder Sahil Lavingia stepped down. Kunnakkadan's appointment marks a milestone in tech leadership for Indians abroad and has been met with excitement and pride from both Gumroad and its customers.

GreenCell Mobility, a leading Indian company in the electric mobility sector, has been awarded a Letter of Award for the supply and deployment of 472, as well as 750 electric buses in Madhya Pradesh and Andhra Pradesh respectively, under the PM E-Bus Sewa scheme. With a strong commitment to transforming urban mobility and electrifying public transport, the company has already installed 900 electric buses in Uttar Pradesh, Gujarat, and Maharashtra. This latest development is a major milestone in their mission to make clean and efficient public transportation accessible across India's growing cities.

With the current volatility in the global stock markets, it may be hard for consumers to make sense of the ups and downs. Terms like dead cat bounce and bear and bull markets may be unfamiliar to some. This guide provides a breakdown of these terms, giving context to their use in financial markets. It also includes insights on capitulation, an important concept in understanding market movements. Whether you are a seasoned investor or someone just starting out, this is a must-read guide for navigating the tumultuous market climate.

Aditya Birla Sun Life Insurance has introduced their new Dividend Yield Fund, available through their existing ULIPs, which will primarily invest in top dividend-paying companies in India. The fund aims to provide steady and consistent value creation through a mix of equities and debt instruments. This move reflects Aditya Birla Sun Life Insurance's commitment to balancing protection and performance for their policyholders, allowing them to achieve their long-term financial goals with confidence in a stable market environment.

Blackstone, a major asset manager, has announced plans to invest $1.2 billion in building a new power plant in West Virginia to meet surging electricity demand from artificial intelligence and industrial growth. The 600-megawatt plant will be funded by utilities and large investors, and will supply power to Old Dominion Electric Cooperative, serving 1.5 million residents. Blackstone's senior managing director says the investment aligns with their focus on meeting the increasing demand for electricity from AI and other industries. This is just the latest in Blackstone's recent energy investments, totaling over 1,600 megawatts of new gas-fired capacity.

Efforts to ease tensions between Pakistan and Afghanistan came to a standstill during peace talks in Istanbul, with both sides pointing fingers at each other for the breakdown. In a press conference, Afghan delegation leader Mullah Najib shared that Pakistan demanded a fatwa against the Tehreek-e-Taliban Pakistan (TTP) from the Taliban's Supreme Leader. He stated that such a decision should be made by the Dar al-Ifta, a religious authority in Afghanistan, in response to a written request from Pakistan's government. This comes as Pakistan has repeatedly accused Afghanistan's Taliban rulers of supporting the TTP, a militant group responsible for attacks inside Pakistan.

After months of anticipation and restructuring, Tata Motors Commercial Vehicles Ltd (TMCVL) is finally set to debut on the Indian stock exchanges today. As part of the demerger process, the commercial vehicle (CV) business has now been renamed Tata Motors and will operate as a separate entity. Experts are expecting a strong debut for the company's shares, with a potential listing price range of Rs 300-350 per share. Investors will have to exercise caution, as the stock will initially be in the trade-for-trade segment to ensure smooth price discovery.

Indian equity benchmark indices, the Sensex and Nifty, started the session in the green on Wednesday with a significant increase backed by positive global cues. Shares of the commercial vehicle business of Tata Motors will start trading today after their debut on the bourses. With major players like Eternal and Bajaj Finserv leading the pack, the markets saw a mixed response from different sectors. Foreign Institutional Investors offloaded equities while Domestic Institutional Investors bought stocks, shaping market trends for the day. Broader Asian equities and the US markets also showed mixed signs.

Economic Offences Wing conducts raids on an assistant manager of Primary Agricultural Credit Co-operative Society in Madhya Pradesh and uncovers movable and immovable assets worth crores of rupees. The EOW had received a complaint regarding alleged corruption by the manager, leading to the registration of an FIR. The team finds that the manager acquired these assets in his and his family members' names in the past 10 years, despite only receiving a salary of Rs 50 lakh in his 15 years of service. Investigation is ongoing into the purchase of bank accounts, lockers, and agricultural land by the manager.

The Deputy Commissioner of Pulwama, Dr. Basharat Qayoom, recently chaired a review meeting to assess the progress of the PM Surya Ghar Muft Bijli Yojana in the district. Detailed presentations were given on the achievements and current status of the scheme, with a focus on expediting the installation of rooftop solar systems and streamlining the bank loan process. The importance of active coordination between KPDCL, vendors, and banking partners was emphasized, along with the need for a public outreach campaign to promote the long-term benefits of the initiative.