BCCI forms 3-member panel to draft safety norms after Bengaluru stampede
INDIA MARKET | Sat, 14 Jun 2025, 10:05PM IST
Apart from Saikia, the Board's vice-president Rajeev Shukla and treasurer Prabhtej Singh Bhatia are the other members of the committee which will formulate the guidelines within 15 days
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BCCI forms panel to draft safety norms after Bengaluru stampede tragedy
INDIA MARKET | Sat, 14 Jun 2025, 9:59PM IST
Apart from Saikia, the Board's vice-president Rajeev Shukla and treasurer Prabhtej Singh Bhatia are the other members of the committee which will formulate the guidelines within 15 days
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Nepal to export 40 MW electricity to Bangladesh via India from Saturday midnight
INDIA BUSINESS | Sat, 14 Jun 2025, 9:54PM IST
Nepal is scheduled to commence exporting 40 MW of electricity to Bangladesh via an Indian transmission line starting June 15th. This follows a trilateral agreement between Nepal, India, and Bangladesh signed in October 2024. The electricity will be transmitted through India's 400-kV Muzaffarpur-Baharampur-Bheramara line at a rate of USD 6.4 cents per unit for the next five years.
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US-Iran nuclear talks in Oman cancelled after Israel's strikes on Tehran
INDIA MARKET | Sat, 14 Jun 2025, 9:39PM IST
The Iran US talks scheduled to be held in Muscat this Sunday will not now take place, al-Busaidi wrote. But diplomacy and dialogue remain the only pathway to lasting peace
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FTA with India brings genuine' competitive advantage, UK Parliament told
INDIA MARKET | Sat, 14 Jun 2025, 9:28PM IST
The Free Trade Agreement (FTA) negotiations concluded with India places the UK at a genuine competitive advantage in the manufacturing sector, the House of Commons was told this week.
During a debate on the bilateral FTA agreed last month, UK ...
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ONGC chief urges timely arbitration as Meghwal backs institutional model
INDIA BUSINESS | Sat, 14 Jun 2025, 9:21PM IST
Union Law Minister Arjun Ram Meghwal on Saturday pitched for institutional arbitration, saying it was part of Indian culture after the ONGC chairman urged making arbitration proceedings timely and not "timeless".
The government has been pushing for institutional arbitration instead of ad hoc arbitration asserting it is efficient and more result oriented.
The industry on the other hand feels arbitration in India is slow, inefficient and plagued with red tape.
Singapore, London and Dubai have emerged as hubs of international arbitration to settle high stakes, high value commercial disputes.
Addressing a conference on institutional arbitration here, the minister also said that organisations should be ready to be flexible and rigid, depending on the need of the hour, to ensure that its interests remain protected and it contributes towards nation building.
Meghwal felt that officers should be willing to take risk and not follow the beaten track to ensure financial interests of their ..
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INDIA BUSINESS | Sat, 14 Jun 2025, 8:57PM IST
Arjun Ram Meghwal advocates for institutional arbitration, citing its roots in Indian culture. He urges flexibility and risk-taking to protect organizational interests. Arun Kumar Singh emphasizes timely dispute resolution for a healthy business environment. Anju Rathi Rana highlights government efforts to streamline arbitration. Hemant Gupta calls for a shift in mindset towards institutional arbitration for efficient commercial dispute settlements.
Continue reading at Economic Times
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Two US lawmakers shot at home in Minnesota; mayor, police confirm attack
INDIA MARKET | Sat, 14 Jun 2025, 8:53PM IST
Investigators are still working to establish motive for the attacks and were still in the early stages of an investigation
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Union Minister Khattar reviews progress of Fatehabad nuclear power project
INDIA BUSINESS | Sat, 14 Jun 2025, 8:34PM IST
Union Power Minister Manohar Lal Khattar and Chief Minister Nayab Singh Saini reviewed the progress of North India's first nuclear power plant in Fatehabad, Haryana. The Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) aims to generate 2,800 MW of power, with 50% allocated to Haryana.
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'Tragedy calls for introspection': Naidu vows reforms after Air India crash
INDIA MARKET | Sat, 14 Jun 2025, 8:10PM IST
Civil Aviation Minister Ram Mohan Naidu pledges full support and reforms after the Air India AI171 crash in Ahmedabad. A high-level probe and urgent aircraft inspections are now underway
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Crashed AI plane's check was due in Dec
INDIA NEWS | Sat, 14 Jun 2025, 7:10PM IST
New Delhi: Air India's ill-fated Boeing 787-8 Dreamliner that crashed soon after take off from Ahmedabad airport on June 12 underwent comprehensive maintenance checks in June 2023 and was due for the next scheduled comprehensive checks in December this year, according to airline officials. The plane enroute to London Gatwick crashed into the residential quarters of BJ Medical College in Ahmedabad. Apart from 241 people onboard the plane, many others on the ground also died. Officials said on Saturday that the aircraft VT-ANB underwent C checks or comprehensive checks in June 2023 and the next such scheduled checks were to happen in December this year. The C checks were done by AIESL (AI Engineering Services Ltd). The right side engine of the nearly 12-year-old aircraft was overhauled and installed in March 2025, while an inspection of the left side engine was done as per the engine manufacturer's protocol in April 2025, the officials said. The aircraft was powered by GEnx engines, manufactured by GE Aerospace. The officials also claimed that there were no issues with the engines or the aircraft. There was no official statement from Air India. Aviation watchdog DGCA on Friday ordered enhanced safety checks of Air India's Boeing 787-8/9 planes. Air India, on Saturday, said the one-time safety checks of the aircraft are on track and the checks have been completed for nine planes. The airline has 26 legacy Boeing 787-8s and seven Boeing 787-9s in its fleet. On Friday, GE Aerospace said it supports the action being taken by the Directorate General of Civil Aviation (DGCA) for enhanced safety inspections of the Air India 787-8/9 fleet. "We continue to work closely with the appropriate regulatory and investigative agencies, and we are committed to providing all technical support necessary to understand the cause of this accident," a GE Aerospace spokesperson had said in a statement. Meanwhile, former Civil Aviation Minister Praful Patel on Friday said after three-and-a-half years of the takeover of Air India by the Tatas, the management needs to fine-tune various aspects of running a world-class airline, including maintenance. The Aircraft Accident Investigation Bureau (AAIB) is probing the crash and a high-level multi-disciplinary committee has also been set up to examine the causes for the accident.
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INDIA BUSINESS | Sat, 14 Jun 2025, 7:10PM IST
An Air India Boeing 787-8 Dreamliner crashed after takeoff from Ahmedabad. The plane was heading to London Gatwick. It crashed into residential area near BJ Medical College. All onboard and many on ground died. The aircraft had maintenance checks in June 2023. DGCA ordered enhanced safety checks. AAIB is investigating the crash. A high-level committee is examining the causes.
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Home secretary led committee to overhaul aviation safety
INDIA BUSINESS | Sat, 14 Jun 2025, 7:06PM IST
Following a tragic Air India plane crash, India is revamping its aviation safety protocols. A government committee, led by the Home Secretary, will review existing procedures. The goal is to prevent future accidents. The Aircraft Accident Investigation Bureau will investigate the crash. The US and UK will assist. The committee will suggest improvements to the National Civil Aviation Policy.
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Maha working with 5 more foreign universities to set up campuses in MMR: CM
INDIA MARKET | Sat, 14 Jun 2025, 6:56PM IST
The Maharashtra government grants letters of intent to five foreign varsities to set up campuses in Navi Mumbai, a part of MMR
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Ahmedabad plane crash: Engines lost power at critical stage, says ex-Air Force chief Arup Raha
INDIA BUSINESS | Sat, 14 Jun 2025, 6:32PM IST
Air Chief Marshal Arup Raha (Retd) stated that the Air India aircraft crash near Ahmedabad was due to a critical engine power loss, dismissing sabotage claims. He suggested possibilities like fuel contamination or software glitches, emphasizing the rarity of simultaneous engine failure in Boeing 787-8 Dreamliners.
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INDIA BUSINESS | Sat, 14 Jun 2025, 6:26PM IST
Ahmedabad Plane Crash: Air India has confirmed the deaths of 241 people in Thursdays Boeing 787 crash in Ahmedabad. Each victim's family will receive 1 crore in compensation from Tata Group, plus 25 lakh in interim relief from the airline. Survivors and injured will have their medical expenses fully covered. The airline has deployed staff to support families and is cooperating with investigators, who are analysing flight data and CCTV footage. Maintenance lapses, gear failure, and flap control are key lines of inquiry.
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India distances itself from SCO statement on Israel-Iran conflict
INDIA MARKET | Sat, 14 Jun 2025, 6:20PM IST
India distances itself from an SCO statement criticising Israel's strikes on Iran, reiterates its neutral stance and calls for diplomatic efforts to ease tensions in West Asia
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CBI books Supertech, officials for Rs 126 cr bank fraud, raids premises
INDIA BUSINESS | Sat, 14 Jun 2025, 6:18PM IST
The case was filed based on a written complaint by IDBI Bank Ltd; the CBI conducted searches at five official and residential premises linked to the accused in Noida and Ghaziabad
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CBI books builder Supertech, promoter RK Arora for allegedly cheating IDBI Bank of Rs 126 crore
INDIA BUSINESS | Sat, 14 Jun 2025, 5:43PM IST
The Central Bureau of Investigation (CBI) has arrested Supertech Limited and its promoter, RK Arora, for allegedly defrauding IDBI bank of Rs 126 crore. This action follows a Supreme Court directive for the CBI to investigate Supertech's projects and the involvement of banks that provided substantial loans for housing projects in the Delhi-NCR region.
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INDIA BUSINESS | Sat, 14 Jun 2025, 5:43PM IST
The CBI has filed an FIR against Supertech Limited and its promoter, R.K. Arora, along with several directors, for allegedly defrauding IDBI Bank of 126.07 crore. The bank claims the company submitted forged documents to secure loans, which were later declared a willful default. Raids were conducted at multiple locations, resulting in the seizure of 28.5 lakh in cash.
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INDIA BUSINESS | Sat, 14 Jun 2025, 5:43PM IST
The CBI has filed an FIR against Supertech Limited and its promoter, R.K. Arora, along with several directors, for allegedly defrauding IDBI Bank of 126.07 crore. The bank claims the company submitted forged documents to secure loans, which were later declared a willful default. Raids were conducted at multiple locations, resulting in the seizure of 28.5 lakh in cash.
Continue reading at Economic Times
4h
The Ad Industrys A.I. Reckoning
GLOBAL NEWS | Sat, 14 Jun 2025, 5:30PM IST
A technological takeover of ad creative could bring both opportunity and disruption.
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Air India long-haul flights may face delays due to Boeing 787 safety checks
INDIA MARKET | Sat, 14 Jun 2025, 5:03PM IST
Air India warns of possible delays on long-haul flights as DGCA orders safety checks on Boeing 787s. Government mandates inspections after Ahmedabad crash; refunds or reschedules offered to passengers
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Kothari Industrial Corp unveils 30 new agri-products to boost farm yield
INDIA BUSINESS | Sat, 14 Jun 2025, 4:58PM IST
Diversified conglomerate Kothari Industrial Corporation Ltd has launched 30 agro-products aimed at bolstering agricultural output and serving the growing needs of farmers, a top official said on Saturday.
These products, including Kothari Bioshakthi Gold, Kothari Neem Power, Kothari Subhiksham, among others, were launched by the company's Executive Chairman, Dr Rafiq Ahmed.
"We strongly believe our farmers face different challenges when it comes to pests and diseases, but still they seek to continue to feed a growing population," said Ahmed in a press release here.
"To address the growing needs, KICL introduced a robust range of bio and organic fertilisers along with neem-based variants (that can be applied with the help of) drone-based spraying, power sprayers and knapsack sprayers which not only affirm our commitment to empowering farmers across the country but also improving their lives," he added.
These agri-products include insecticides, fungicides and herbicides. A range of N
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Air India crash: High-level panel formed, to submit report within 3 months
INDIA MARKET | Sat, 14 Jun 2025, 4:57PM IST
Air India Flight 171, a Boeing 787 en route to London, crashed in Ahmedabad on June 12, killing 241 on board; Aircraft Accident Investigation Bureau (AAIB) has retrieved the flight's black box
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Laddu Gopal Online Services fixes record date for stock split
INDIA MARKET | Sat, 14 Jun 2025, 4:53PM IST
Record date is 24 June 2025
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Power Finance Corporation updates on subsidiary incorporation
INDIA MARKET | Sat, 14 Jun 2025, 4:43PM IST
Powered by Capital Market - Live News
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5h
Lemon Tree Hotels signs new property in Arunachal Pradesh
INDIA MARKET | Sat, 14 Jun 2025, 4:33PM IST
Lemon Tree Hotels has announced the signing of a new property in Itanagar, Arunachal Pradesh.
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