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Airbus issues major A320 recall, threatening global flight disruption
The advisory follows an unnerving incident on Oct. 30 involving a JetBlue plane flying from Cancun to Newark, New Jersey, that suffered a computer glitch, resulting in a sudden unexpected downward pitch without pilot input. Nobody was injured, and the jet diverted to...
DGCA asks Indian operators to immediately carry out requisite software upgrades in 338 A320 family aircraft
Airbus said intense solar radiation might corrupt data critical to flight controls in a significant number of A320 family aircraft and that the software changes required to fix the issue would lead to operational disruptions New Delhi: As many as 338 A320 family...
AIG to pay Neal $2.7 million to compensate for “foregone incentives”
John Neal, forner CEO, Lloyd's AIG withdrew its employment offer to Neal, who had been set to join the company as president in December, after learning that the executive was being investigated at his former employer, Lloyd’s of London, the Wall Street Journal...
Sri Lanka shuts offices, schools as 56 killed due to floods and landslides
More than 25 people were killed Thursday in landslides in the central mountainous tea-growing regions of Badulla and Nuwara Eliya, which is about 300 kilometres east of the capital, Colombo. Another 21 people were missing and 14 were injured in the Badulla and Nuwara...
Govt plans to extend tax holiday to 15 yrs on profits earned by aircraft leasing firms in GIFT City
Plane leasing companies housed at Gujarat International Finance Tec-City, or GIFT City, currently get a tax waiver for 10 years. Expanding this benefit by five years will make GIFT City more attractive to lessors who typically make the bulk of the profit on an...
Why accident insurance cover only for those purchasing tickets online, SC asks railways
A bench of Justices Ahsanuddin Amanullah and K Vinod Chandran was told that the insurance cover is provided only to passengers purchasing tickets online to cover accidents New Delhi: The Supreme Court has asked the Indian Railways to apprise it why an accident...
Govt returns Rs1,887 crore unclaimed financial assets to citizens in 2 months
Unclaimed financial assets such as insurance policy claims, bank deposits, dividends, shares, and income from mutual funds often remain unclaimed due to a lack of awareness or outdated account details New Delhi: The Secretary of the Department of Financial Services,...
GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report
“The rationalisation of GST rates has provided a measurable boost to consumption, as reflected in the strengthening of high-frequency indicators, including higher e-way bill generation, record festive-season automobile sales, robust UPI transaction values, and a...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM) projects shall be conducted together, whereas ratings for Build-Operate-Transfer (BOT) projects shall be conducted separately New Delhi: In a...
Sebi introduces new incentive structure for mutual fund distributors
Under this, asset management companies (AMCs) will pay these distributors 1 per cent of the first lump-sum investment or the first-year SIP amount, up to Rs 2,000, provided the investor stays invested for at least a year. New Delhi:, Markets regulator Sebi on Thursday...
Individual NBP for life insurance growth estimated at 9 pc in FY2026: Icra
"The GST exemption on individual life insurance policies, which enhances customer affordability, is expected to boost individual NBP growth in the medium term. After a subdued H1, this NBP growth is projected to recover in H2 FY2026, with an overall increase of about...
New telecom cybersecurity rules in force, DoT clarifies enforcement status
The TCS Amendment Rules, 2025, notified in October, introduce new frameworks intended to strengthen India's cyber resilience and enhance security around telecom identifiers amid their growing use across banking, e-commerce and governance platforms The Department of...
Obesity, related chronic diseases costing Indian economy $28.9 billion annually: Report
The report also called for four key actions to tackle the menace. These include strengthening food environment regulation to reduce the consumption of high-fat, sugar, and salt products New Delhi: Obesity and related chronic diseases account for a growing share of...
Kerala HC issues guidelines on display of treatment rates providing aid in pvt hospitals
In order to ensure transparency, the bench directed that every clinical establishment shall prominently display, in Malayalam and English, at the reception and admission desk and on its official website the list of services offered, baseline and package rates for...
“When in doubt, choose the customer” IRDAI chief asks insurers
“Compliance cannot be a department— it must be a mind-set. And grievance redressal cannot be the end of a process— it must be our early warning system. When in doubt, choose the customer. If we do that consistently, trust will follow, growth will follow, and the...
Insurance issues hinder timely bariatric and metabolic surgery: Survey
"When patients cannot undergo bariatric surgery on time because of insurance delays, their disease continues to progress. Months are lost waiting for approvals, and during this period their metabolic, hormonal, and cardiovascular health often worsens," former OSSI...
Allianz seeks to use more artifical intelligence, to cut jobs
Companies across industries and geographic regions are increasingly using AI to speed up services and cut costs. Allianz SE is in talks about potential job cuts at its assistance and travel insurance subsidiary Allianz Partners as it seeks to use more artifical...
Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say
Since April, India has required online verification of insurance for ships covered by companies that are not members of the International Group (IG) to ensure that forged documents are not provided to Indian port authorities for berthing NEW DELHI: A...