The Civil Aviation Administration of China (CAAC) has launched a low-altitude safety department to oversee development plans, coordinate safety protocols and build flight service platforms for the emerging sector.
The low-altitude economy covers activities under 1,000 meters, Xinhua News reported Wednesday.
The CAAC forecasts the low-altitude economy could surpass 3.5 trillion yuan by 2035.
YFY (TPE:1907) posted a net profit attributable to owners of NT$208.8 million in the first quarter, or NT$0.13 per basic share.The paper and paper-related products manufacturer, which did not provide comparative year-ago figures in the Thursday disclosure on the Taiwan Exchange, also logged operating revenue of NT$18 billion.
Saregama India (NSE:SAREGAMA, BOM:532163) logged gains in its consolidated attributable profit to 753.9 million Indian rupees in the fiscal fourth quarter ended March 31 against 601.3 million rupees a year ago.Earnings per share climbed to 3.86 rupees from the year-ago figure of 3.11 rupees, according to a filing with the stock exchanges on Thursday by the media production house.Shares of the company jumped 15% at market close.Revenue from operations in the fiscal fourth quarter also increased to 2.87 billion rupees from 2.41 billion rupees a year earlier.
Korea Aerospace Industries (KRX:047810) will invest 1.09 trillion won to purchase 21 spare engines, according to a Thursday filing with the Korea Exchange.The new facility investment, which will be made between March 2026 and April 2039, is equivalent to roughly 9.93% of company equity, the filing said.The facility investment aims to secure equipment ahead of supporting the firm's long-term equipment plans.Shares of the aerospace company rose more than 5% at market close.