Business

Rotax engine found in Iranian Mohajer-6 drone downed over Ukraine

An engine designed by the Austrian company Rotax was discovered installed in one of Russia's Iranian-made Mohajer-6 drones that went down over the Black Sea earlier this month. Rotax says it has launched an investigation into its engines powering Iranian drones. The delivery of such hardware to Iran violates European Union sanctions banning the export of items with both civilian and military purposes, such as vehicle parts. Identical sanctions are imposed by the European Union against Russia, as well.

Mohajer-6, which you can read about in detail in this past War Zone feature, is just one of the types included in a larger order of Iranian drones that Russia began employing against Ukraine in September. The Iranian government has categorically denied that it had anything to do with the delivery, which is a farce.

Rotax is an Austrian subsidiary owned by Canadian company Bombardier Recreational Products (BRP), which is known for designing the engines that power snowmobiles, watercraft, motorcycles, aircraft, and a significant number of unmanned aerial vehicles (UAVs). Perhaps most famously, BRP’s Rotax aviation engines are known to power General Atomics' MQ-1 Predator and Israel's Heron drones.

Business

PMI Electric, Olectra dominate e-bus segment

Two home-grown start-ups have grabbed the top two positions in the electric bus ranking this year, pushing legacy player Tata Motors to the fifth spot, according to data shared by Centre-controlled Vahan.

PMI Electro Mobility, a five-year-old company based in Delhi, has emerged at the top electric bus player in India with 547 registrations during January-September. Hyderabad-based Olectra Greentech claimed the second spot with 443 registrations during the same period.

Business

Bombay Dyeing-owner Wadias penalised over fraud, banned from securities markets

Bombay Dyeing has been one of the most iconic companies in India’s textile sector whose Chairperson Nusli Wadia was once a member of the Tata Group board. He took on Dhirubhai Ambani in the polyester wars during the 80s, and later told Business Standard that he lost because he didn’t manipulate the system. But years later, Nusli Wadia along with sons Jehangir and Ness, has been fined more than Rs 15 crore and banned from securities market for two years over fraud.

Business

Electric Buses reimagining the future of Indian public transport system

As India races ahead in championing the cause of sustainability, there lies a great opportunity to combat climate change in the country by targeting core areas like public transport. The growing popularity of electric buses (e-buses) amongst the travellers, governments and the industries is making them a dependable choice for India's drive towards a sustainable future. As compared to ICE, commonly diesel-run buses, the electric variants are a much more effective and viable solution for the intra-city segment to cater and benefit the common Indian commuter, state exchequers, and the environment at large. It is promising that the e-buses are receiving encouragement from policy and decision makers across India and also offers a great chance to modernize the public bus service in India.

Business

Russia asks Philippines to honor helicopter purchase deal

Russia wants the Philippine government to honor a signed contract to purchase 16 military heavy-lift helicopters, which the administration of former President Rodrigo Duterte had cancelled due to fears of possible U.S. sanctions.

Moscow’s ambassador to Manila, Marat Pavlov, told reporters Wednesday night that the Philippine government has not officially notified Russia of its decision to cancel the deal and a Russian company was proceeding to manufacture the Mi-17 helicopters after the Philippines made an initial payment.

Filipino pilots, who would operate the helicopters, have undergone Russian training, he said.