Latest News, Updates & Breaking Headlines
NEW DELHI: Two months after IndiGo’s mass flight cancellation in the wake of non-compliance with flying time norms, Competition Commission of India (CCI) on Wednesday ordered a detailed probe into its alleged unfair business practices.It said the carrier enjoyed “a position of dominance” in the airline business, noting that it operated exclusively on 330 routes,…
Mumbai: European aviation regulator EASA (European Union Aviation Safety Agency) suspended its third country operator authorisation of Indian charter operator VSR Ventures more than a year ago, citing a “Level 1” safety finding after the company failed to provide documents and information repeatedly sought in the Sept 2023 Learjet 45 accident in Mumbai.EASA had also…
NEW DELHI: The US Securities and Exchange Commission has asked a US court for permission to personally email summons to Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show.India, the SEC said, has previously refused two requests to serve the summons. In the most…
Japan’s nuclear safety regulator has reported the loss of a work-issued smartphone containing highly sensitive contact details after an employee misplaced the device during a personal trip to China, according to Japanese media and international news agencies, raising fresh questions about security practices within the country’s nuclear oversight system. According to AFP, the phone belonged…
MUMBAI: Soon, banks will be able to independently sponsor funds for managing National Pension System (NPS) assets, as PFRDA on Thursday approved in principle a framework that seeks to remove regulatory constraints that had thus far limited banks’ participation in the pension fund management business. “PFRDA board has approved, in principle, a framework to permit…
TRAI has urged broadcasters to comply with the 12-minute-per-hour advertising cap, despite the rule being under judicial review. The regulator insists the regulation remains applicable, even as the Delhi High Court has restrained coercive action. Broadcasters are concerned about the enforcement due to existing financial pressures and declining revenues. The Telecom Regulatory Authority of India…
NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) firmly rejected claims linking eggs to cancer risk, saying eggs sold in India are safe for consumption and that recent reports and social media posts are scientifically unsupported and alarmist.Clarifying concerns over alleged presence of nitrofuran metabolites (AOZ) – trace marker residues that may…
MUMBAI: The insurance sector is expected to see significant investments with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, to be introduced by the government in the winter session of Parliament.The Bill seeks to enable 100% FDI in insurance and allows Irdai, the regulator, to issue sector-specific licences, permitting new insurers to…
The Union Cabinet has approved the Viksit Bharat Shiksha Adhikshan Bill, aiming to consolidate higher education regulation under a single authority, excluding medical and legal fields. This move seeks to simplify governance and enhance academic quality. Meanwhile, a parliamentary committee will question IndiGo, DGCA, and ministry officials regarding recent flight cancellations and pilot rest rule…
MUMBAI: The Cayman Islands, one of the biggest financing hubs for investing globally, has offered to sign memorandum of understanding (MoUs) with markets regulator Sebi and also with the regulator for India’s finance hub GIFT City. The MoUs will facilitate transparent exchange of information between the regulators, André M Ebanks, Premier, the Cayman Islands, said…
