The ministry also said it remains committed to full transparency relating to the ongoing investigation and will follow all mandated protocols and norms in the larger interest of the highest standards of passenger Safety and convenience.
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The BCCI has refused to send its team to Pakistan for the upcoming Champions Trophy and there speculation that the entire tournament could be moved out of the country.
'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.
'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
Amid mounting safety concerns and the cancellation of at least 66 flights that were to be operated with Boeing 787 Dreamliner aircraft, DGCA officials held a detailed review meeting with top Air India and Air India Express executives.
'If anything happened out of the normal, there would be instantaneous ECAM, EICAS warnings, the master caution or master warnings going off.' 'It would be like a Christmas tree in the cockpit if things start going wrong.'
The exchanges have also revised the instances which will be considered a technical glitch excluding instances where the broker is not at fault.
'This (crash) is one of those times where there is no concrete explanation yet for what happened. I think that adds to my parents' worry.'
'Raising the entire amount in one go may not be prudent, given the market dynamics.'
Astronaut Shubhanshu Shukla, aboard the International Space Station, interacted with students in Lucknow, answering questions about life in space, the challenges of readjusting to Earth, and the benefits of space exploration.
The agency seized documents like answer sheets, OMR codes, hand-written notes related to IDs and names of candidates apart from their education certificates, the sources said.
'The retail industry is still growing in double digits.'
Addressing close to 700 employees and the leadership team across the Air India headquarters and Air India Training Academy in Gurugram, Chandrasekaran urged them to stay on course, terming the accident the most "heartbreaking" crisis of his career.
Stock exchanges' levy of penalties, ranging from Rs 3 lakh to Rs 12 lakh, on public-sector undertakings (PSUs) for lapses in board composition for the 2024-25 October-December quarter has brought forth issues of governance. Last month, 16 PSUs requested bourses to waive these penalties, arguing that these lapses were neither due to negligence nor within their control, as the appointment of directors is managed by the government.
The process of identification of victims by matching the DNA samples is currently underway, and the bodies will be handed over to their relatives once the process is complete.
'... when the process isn't transparent, people will naturally raise questions. 'The AAIB's own press release says they had the black boxes by June 16.' 'Why wasn't decoding initiated until the 24th? What were they waiting for?'
Legendary Sachin Tendulkar and James Anderson formally unveiled the Anderson-Tendulkar Trophy ahead of the opening match of the five-Test series between India and England, in Leeds on Thursday.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
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The revised ceiling will be within the Rs 10 lakh mark.
The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.
'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'
The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs). These new standards, developed in collaboration with industry associations, aim to enhance transparency and provide investors with a clearer understanding of a company's valuation and business performance.
'The Asia Cup matter or any other ACC event issue has not come up for discussion at any level, hence any news or report on that is purely speculative and imaginary.'
The Pakistan Cricket Board (PCB) has claimed to have earned three billion rupees by hosting the ICC Champions Trophy, exceeding its target of two billion rupees.
In today's dynamic economic landscape, commerce and management education is crucial for a global career, says Nayagam PP.
Kolkata Knight Riders will have little motivation left when they take on also ousted Sunrisers Hyderabad in an inconsequential IPL game in New Delhi on Sunday.
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Modi will start his visit on June 6 by dedicating to public the Chenab rail bridge, which is a key part of the 272-km Udhampur-Srinagar-Baramulla railway link (USBRL) that will provide direct train connectivity to the valley.
'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
India will argue for Pakistan's return to the Financial Action Task Force (FATF) grey list due to its alleged failure to combat money laundering and terror financing. The move comes after recent tensions between the two countries following a terror attack in Pahalgam, India. India believes Pakistan has not adequately addressed the issue of terrorism emanating from its territory and has diverted funds from multilateral agencies towards arms purchases.
As India's tea exports reach their highest in years, a sharp rise in imports is raising concerns among producers. In 2024, India took the third spot in tea exports, pipping Sri Lanka after exporting 254.67 million kg (mkg) of tea, up from 231.69 mkg in 2023.
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'In 50 seconds, the pilots were fighting drag, trying relight, throttling up and avoiding obstacles.' 'They had neither height nor speed. There was no margin.'
Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting to the tune of Rs 2,100 crore. The private sector lender, on March 10, disclosed about some discrepancies in its derivatives portfolio which could have an adverse impact of about 2.35 per cent of the bank's net worth as of December 2024 as per its internal review.
The Madras High Court has dismissed a petition seeking to prevent the Isha Foundation from conducting Mahasivarathri celebrations at its Coimbatore campus. The petitioner had alleged that the foundation lacked adequate sewage treatment facilities and caused noise pollution. However, the Tamil Nadu Pollution Control Board (TNPCB) informed the court that the foundation has adequate treatment facilities and complies with noise regulations. The court dismissed the petition, allowing the celebrations to proceed.
External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.
'A few answers for the reason of the crash will be known -- whether it was a technical fault, design issue, human error etc.'
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