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emergency exit door, blew out, causing an uncontrolled decompression of the aircraft. The aircraft returned to Portland and several passengers required medical attention after landing.As a result, the National Transportation Safety Board of the US opened an investigation into the Alaska Airlines incident and weeks later, the NTSB was also investigating another incident in February in which a United Airlines pilot in a Boeing 737 Max-8 reported stuck rudder pedals during a landing.“I think Boeing has work to do.

Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch). The lender raised the fund with three years and three months maturity at 9.58% blended cost, benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%.

Indian travellers planning short vacations abroad, while the United States, Europe, and Australia were among the preferences for long stays, according to a survey released on Monday.

Air India chief executive officer and managing director Campbell Wilsonsaid at the CAPA India aviation summit. Sensing an opportunity, several foreign airlines have firmed up plans to approach the government with their requests. “Today we have not exhausted the bilaterals, in terms of number of seats per week but we have hit the limit in terms of number of stations," Sanjiv Kapoor, executive vice-president, strategies of the Saudia Group told Mint.

On June 5, Hex Trust Group (HT), a leading provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, secured an additional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA).

MUMBAI:Small-cap stocks had a spectacular rally the previous fiscal year, much of it driven by foreign portfolio investors (FPIs) betting on smaller Indian companies even as the surge sparked fears of a bubble caused in part by some murky transactions.In the financial year 2023-24 (FY24), about 35% of the total ₹2.08 trillion of FPI equity investments in India were channeled into the top 100 companies of the BSE Smallcap index, totalling ₹71,631 crore and making up 70% of the overall investment into smallcaps, according to BSE shareholding data analysed by Mint.This influx of investments contributed to both the Nifty Smallcap 250 and the BSE SmallCap index, which comprises 946 companies, outpacing returns from the benchmark Nifty and Sensex indices last year.And while the shareholding data for the first quarter of the current fiscal won't be available before 30 June, the BSE SmallCap has already outperformed the Sensex by over 6% since 1 April 2024, with a return of 9.6%, compared to Sensex returns of 3.6%.However, the rapid rise has not gone unnoticed by regulators. In March, Madhabi Puri Buch, chair of the Securities and Exchange Board of India, warned of “pockets of froth" in the overheated small-cap and mid-cap markets.Mint previously reported (here, here, and here) about the potential involvement of Dubai-based hawala operator Hari Shankar Tibrewala in funnelling illegal proceeds from the Mahadev online betting scandal into Indian small-cap stocks.Nevertheless, the surge of foreign investors into India’s small-cap market has provided a semblance of stability.“FPIs could continue to invest in fundamentally sound small caps which are reasonably valued," said SK Joshi, executive director at Khambatta Securities.

aviation market's pace of growth needs to be matched with capacity, and increased competition will provide more choices for consumers, Emirates Airline Deputy President and Chief Commercial Officer Adnan Kazim has said, as he pitched for increased bilateral flying rights between Dubai and India. On whether Emirates is looking for partners in India, Kazim said it is open to any such future engagements if there is an appetite in an Indian airline for that sort of dialogue and engagement.

Air India is utilising the engineering skills available with group airlines to carry out more maintenance work of the aircraft under its own quality control amid multiple instances of its legacy planes facing operational issues, according to a senior company official. The official also said the airline is keen to lease aircraft but the market is very tight, especially for wide-body planes.

India is a major aviation market, and a stronger partnership between Air India and Lufthansa is beneficial, Star Alliance CEO Theo Panagiotoulias said. According to him, the association aims to unite its partners to provide unique value to passengers. Both Air India and Lufthansa are members of the Star Alliance, which includes 26 member airlines collaborating at over 50 global hubs to offer seamless connections worldwide. “We need to ensure that the right value proposition is there in India, which is a significant market,” Panagiotoulias added.

West Bengal CID on Friday said it was making arrangements to bring one of the key suspects in the brutal murder of Bangladeshi MP Anwarul Azim Anar from Nepal to Kolkata. Muhammed Siyam Hussain, who fled to Nepal allegedly after murdering Anar in New Town area of the city, was apprehended from the border region of the neighbouring nation last Thursday, sources said.

India doesn’t address concern over taxation, the chief of IATA warned on Tuesday.

Ruja Ignatova, also known as ‘crypto queen’ and the only women in the FBI’s top 10 most wanted list, might have been murdered by a Bulgarian drug lord, also her hired bodyguard.

Binance has terminated cash payments for peer-to-peer (P2P) cryptocurrency trades in India, a move intended to bolster compliance and align with regulatory standards.

The cost of your next flight is likely to go up.

airlines can offer in one of the world’s biggest markets for outbound travel, Emirates president Tim Clark said.

Qatar Central Bank (QCB) has successfully completed the development of its central bank digital currency (CBDC) infrastructure.

Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyEtihad has managed to turn itself around after an ill-fated expansion spree a decade ago saddled it with huge losses and stakes in unprofitable regional carriers. Now, Neves said he’s been told by the owners to run the company as if it were listed, improving its financial performance and corporate governance.

Mint on the sidelines of the annual general meeting of the International Air Transport Association, a global airline body. On receiving the nod from NCLT, the airline hopes to take another 4-5 months to merge the air operator certificate of AIX Connect with Air India Express. The Tatas acquired both Air India and its subsidiary Air India Express in January 2022.

Several Indian startups are setting their sights on the Gulf markets, on the back of the region’s burgeoning middle class and high disposable incomes. From beauty and fashion to mobility and home services, these startups see immense growth potential by catering to premium consumer segments.