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Directorate General of Civil Aviation (DGCA) has sent a notice to Akasa Air for failing to impart corrective training to a pilot who was responsible for a hard landing, according to people aware of the development. A hard landing occurs when an aircraft lands at a velocity beyond the manufacturer's permitted limit. DGCA rules mandate that after investigation is completed in such landings, the pilot should be sent for corrective actions like additional training in simulators. Sources cited above said that an Akasa Air flight from Bagdogra to Bengaluru was involved in a hard landing incident in March.

Subscribe to enjoy similar stories. The idea of planning for retirement at a young age may seem unconventional to many. However, there is significant merit in starting early.

Adam Smith wrote in The Wealth of Nations that managers of joint stock companies can't be expected to watch over a company with the same anxious vigilance that owners watch over their own company. The wisdom remains relevant in modern day business. Owners with the money, but who lack expertise or time to run the business, hire professional managers. The anxious vigilance of owners referred by Smith is to ensure that the business generates enough economic value for them-to put it simply, to see it's earning a return on capital that exceeds costs. Professional managers hired by owners are primarily the capital or asset allocators in the business. If capital allocation within the business is inefficient, then enough economic value won't be generated. As rudimentary as it may sound, it's surprising how awareness of high cost attached to equity capital is often missing in many suave, confident and crafty professional managers in corporate India.

TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. The energy giant said it was not aware of the investigation into the alleged corruption. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL). In a statement, the French firm said it learnt of US authorities indicting Gautam Adani and two other executives for allegedly paying USD 265 million bribes to Indian officials to secure solar power supply contracts for AEGL.

Subscribe to enjoy similar stories. New Delhi: India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said.

FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The bill to change the law allowing banks to let a depositor specify multiple nominees and their shares for easier distribution of funds later is expected to come up during the winter session of the Parliament which begins today. The Bill, which was introduced in the last session, has been listed again. Under the proposed amendment, banks would allow up to four nominees (against the current practice of one). This could be either 'simultaneous nomination', where the percentage shares of different nominees are stated in the nomination form, or 'successive nomination', where there is one actual nominee at any given time and on whose death another nominee becomes effective.

The federal government has apologized for its role in the killing of sled dogs in Nunavik between the mid-1950s and the late 1960s.

Bryan Johnson has stated he will be visiting Mumbai and Bengaluru in December in a bid to spread awareness about his book and community, «Don't Die,» aimed at defeating mortality and promoting prosperity. The millionaire made this announcement on social media platform X, formerly known as Twitter. What surprised people that the tech entrepreneur mentioned model and reality TV star Poonam Pandey in his post and also tagged her. Bryan Johnson stated that she is the only one in India who truly believes in his idea. ALSO READ: Tech millionaire Bryan Johnson's face ‘blows up’ after anti-ageing experiment goes horribly wrong. See pics

Nigeria faces its worst cost-of-living crisis in a generation after the government ended costly subsidies that made petrol affordable for many in Africa’s most populous country

Adrian Bosshard knows as much about time as he does about speed—he is the CEO of Rado and a former Swiss motorcycle champion. As head of Rado, he has overseen the brand’s growth over the past four years, with India emerging as its top sales market in 2023 and 2024.

Service workers at Charlotte Douglas International Airport are voting on whether to go on a 24-hour strike around Thanksgiving amid complaints about low wages and poor working conditions

Subscribe to enjoy similar stories. BENGALURU : The US Securities and Exchange Commission (SEC) has issued a summons to Adani Group's founder and chairman, Gautam Adani, and his nephew and Adani Green Energy's executive director, Sagar Adani, thereby kickstarting legal proceedings in the alleged ₹2,000 crore ($250 million) bribery case. "Within 21 days after service of this summons on you (not counting the day you received it)… you must serve on the plaintiff an answer to the attached complaint or a motion under Rule 12 of the Federal Rules of Civil Procedure," said a 21 November SEC notice to Gautam Adani and Sagar Adani.

Subscribe to enjoy similar stories. The government is likely to consider including medium enterprises for the protection granted under the MSME Development (MSMED) Act, 2006, to resolve payment disputes. MSME stands for micro, small, and medium enterprises.

The Canadian foreign ministry last month alleged Amit Shah, considered the number two in Modi's government, was behind a campaign of intimidation in Canada. Ottawa says it has evidence linking Indian government agents to the 2023 murder of Sikh separatist Hardeep Singh Nijjar in Canada. This week, the Globe and Mail newspaper said Canadian security agencies believed Modi knew about the violent plots and said Foreign Minister Subrahmanyam Jaishankar and national security adviser Ajit Doval were also in the loop.

Infrastructure company PNC Infratech on Friday said it has received approval from NHAI to transfer a 100 per cent stake held by it in its three subsidiaries (SPVs) for Uttar Pradesh road projects to Highways Infrastructure Trust. The company, in a regulatory filing, said the three highway projects are a part of the statutory process pursuant to the Rs 9,005 crore deal between PNC Infratech, PNC Infra Holdings (a subsidiary of PNC Infratech), and Highways Infrastructure Trust (HIT), an InvIT controlled by KKR & Co Inc, for 12 road assets. The three subsidiaries/SPVs, which got approval from the National Highways Authority of India (NHAI), are PNC Bithur Kanpur Highways Private Ltd, PNC Gomti Highways Private Ltd and PNC Aligarh Highways Private Ltd. The deal, signed in January 2024, involves the divestment of twelve road assets owned by PNC Infratech and PNC Infra Holdings for an enterprise value of Rs 9,005 crore.

People aware of the ongoing downsizing drive within Ola Electric said the company has cut 300-400 jobs, or under 10% of the workforce, over the past few months. The numbers would go up and as many as 500 employees may be impacted as the process is still ongoing, according to one of the people. «There is an emphasis on profitability and workforce optimisation is in line with that goal,» said a person close to the company.

Sean Diddy Combs' jail cell last month. Eleven pages and eight pages of a calendar book containing notes written by Combs, 55, in his Brooklyn cell at the Metropolitan Detention Centre were confiscated as part of a planned sweep to address contraband and drugs, according to NBC News' coverage of court proceedings on Tuesday, November 19, as quoted in a report by US Weekly. According to a report Diddy wrote about paying off witnesses and finding dirt on victims, according to prosecution assistant U.S. attorney Christy Slavik. Slavik was quoted as saying that a witness was paid off, and finding dirt on two different victims is not a privilege.

rehabilitating older children and providing them with a new direction in life, was jointly organized by the Ministry of Women and Child Development, the Central Adoption Resource Authority (CARA), and the Uttar Pradesh Women and Child Development Department at the Mars Auditorium of Indira Gandhi Pratishthan in Lucknow on Thursday. The main goal of the conference was to create awareness among the public about adopting children who are either orphaned or lack family support, educating people on the legal process of foster care. According to a press release, Speakers highlighted the importance of sensitivity and acceptance in the society for rehabilitating such children and giving them a sense of belonging. Union minister of state for women and child development, Savitri Thakur, UP’s minister for women welfare, child development and nutrition, Baby Rani Maurya, and State Women's Commission Chairperson, Babita Chauhan, shared their thoughts on the theme «Rehabilitating Older Children through Care and Nurturing.»

Tata had set up the Ratan Tata Endowment Foundation and Ratan Tata Endowment Trust in his last years, to bequeath a significant portion of his assets. People close to the recently-deceased industrialist said his wish was that the two organisations continue philanthropy. Senior lawyer Darius Khambata and Tata Sons chairman N Chandrasekaran are among those seen as most likely to be part of the foundation, as Tata had expressed a desire to include them on the board, the people said.

Subscribe to enjoy similar stories. State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and digital solutions, two people aware of the development said.

steel imports are landing from FTA countries at nil duty and any duty hike will not have any impact on these shipments, Steel Secretary Sandeep Poundrik said on Wednesday while acknowledging that there is a genuine problem of supply glut due to increased imports. His comments have come against the background of domestic steel players raising concerns over rising cheap steel imports from select nations, affecting their competitiveness. The domestic industry has also sought an increase in customs duty on steel products to check below-cost shipments. Speaking at a Ficci event here, the Steel Secretary even if the government raises the basic customs duty on imports, the move will not have the desired impact as 62 per cent of the shipments entering India from FTA nations. There is a genuine problem and the ministry is aware of that, Poundrik said adding that there are multiple ways to protect the domestic industry but the only problem is that 62 per cent of imports are from FTA countries.