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Air India pilot reports a possible defect in fuel control switch of Boeing 787-8, aircraft grounded

Air India pilot reports a possible defect in fuel control switch of Boeing 787-8, aircraft grounded

by AIP Online Bureau | Feb 2, 2026 | Indian News, Regulation, Risk Management, Technology

“After receiving this initial information, we have grounded the said aircraft and are involving the OEM to get the pilot’s concerns checked on a priority basis. The matter has been communicated to the aviation regulator, DGCA. Air India had checked the...
Budget 2026 proposes penalties to tighten crypto transaction reporting

Budget 2026 proposes penalties to tighten crypto transaction reporting

by AIP Online Bureau | Feb 2, 2026 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

The proposal is aimed at ensuring compliance with Section 509 of the Income-tax Act, 2025 and creating a deterrent against non-reporting and incorrect disclosures related to crypto assets.Under the proposed rules, platforms and entities dealing in crypto assets will...
Govt mulls allowing 49% FDI in PSU banks

Govt mulls allowing 49% FDI in PSU banks

by AIP Online Bureau | Feb 2, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

M. Nagaraju, secretary, Department of Financial Services Foreign ownership in State Bank of India – the country’s largest lender – and 11 other state-owned banks is capped at 20%, a legacy restriction rooted in the government’s desire to retain strategic...

Axis Max Life Insurance join hands with Muthoot Microfin

by AIP Online Bureau | Feb 2, 2026 | Banking & Bancassurance, Briefs

Axis Max Life Insurance has entered into a strategic partnership with Muthoot Microfin Limited. The partnership aims to accelerate life insurance penetration in India’s underserved Tier 2 and Tier 3 markets, providing essential financial protection to millions of...
Budget 26-27:Ensuring macro stability, policy clarity and gowth opportunity

Budget 26-27:Ensuring macro stability, policy clarity and gowth opportunity

by AIP Online Bureau | Feb 1, 2026 | Articles, Eco/Invest/Demography, Life, Non-Life, Reinsurance

As India moves confidently towards its vision of Viksit Bharat, with right policy support,the insurance sector is committed to partnering in this journey protecting people, supporting businesses, enabling infrastructure, and building a more secure and resilient nation...
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