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Airbus issues major A320 recall, threatening global flight disruption

Airbus issues major A320 recall, threatening global flight disruption

by AIP Online Bureau | Nov 29, 2025 | International News, Technology

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

DGCA asks Indian operators to immediately carry out requisite software upgrades in 338 A320 family aircraft

by AIP Online Bureau | Nov 29, 2025 | Indian News, Regulation, Risk Management, Technology

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”

AIG to pay Neal $2.7 million to compensate for “foregone incentives”

by AIP Online Bureau | Nov 28, 2025 | International News, Non-Life, Reinsurance

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

Sri Lanka shuts offices, schools as 56 killed due to floods and landslides

by AIP Online Bureau | Nov 28, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

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

Govt plans to extend tax holiday to 15 yrs on profits earned by aircraft leasing firms in GIFT City

by AIP Online Bureau | Nov 28, 2025 | Eco/Invest/Demography, Indian News, Policy

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

Why accident insurance cover only for those purchasing tickets online, SC asks railways

by AIP Online Bureau | Nov 27, 2025 | Indian News, Non-Life, Risk Management

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

Govt returns Rs1,887 crore unclaimed financial assets to citizens in 2 months

by AIP Online Bureau | Nov 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

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

GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report

by AIP Online Bureau | Nov 27, 2025 | Eco/Invest/Demography, Indian News, Policy

“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

Govt mulls rating system for assessing performance of contractor firms engaged in NH works

by AIP Online Bureau | Nov 27, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy

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

Sebi introduces new incentive structure for mutual fund distributors

by AIP Online Bureau | Nov 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

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...
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