Wednesday, September 23
Reacting to the preliminary findings of the Aircraft Accident Investigation Bureau (AAIB), retired Air Marshal Sanjeev Kapoor has questioned the unexplained engine and electrical failures highlighted in the report, saying it "leaves many doubts" and demands a deeper technical probe into the sequence of events that unfolded shortly after takeoff of Air India aircraft that crashed on June 12.Calling the findings inconclusive, Kapoor has urged a deeper technical probe into what he described as a "grave mid-air emergency" that unfolded within seconds of the aircraft's departure from Ahmedabad.The Air India Boeing 787-8 aircraft crashed shortly after takeoff from Ahmedabad's Sardar Vallabhbhai Patel International Airport on June 12, resulting in the deaths of 260 individuals, including 229 pass
Maharashtra Chief Minister Devendra Fadnavis on Saturday said around 94 per cent work of the Navi Mumbai International Airport (NMIA) is over and the target of September 30 has been set for the launch of commercial operations from the facility.This will be the most modern and fully-equipped airport in the country, and the authorities have been instructed to make the baggage claim system the fastest in the entire world, he said.Fadnavis, accompanied by Deputy Chief Minister Eknath Shinde and Forest Minister Ganesh Naik, conducted an inspection of the NMIA project earlier in the day.Speaking to reporters after it, Fadnavis said, "Today, we came here to review the progress of the airport. We saw a detailed presentation on the work's advancement - from the runway to the terminal building - and
Over the past week, benchmark indices faced profit booking at higher levels. The Nifty declined by 1.22%, while the Sensex shed 925 points. Among sectors, the FMCG index outperformed with a 2.20% gain despite the overall weak market sentiment. In contrast, the Defence and IT indices saw steep declines, falling 4.50% and 3.90%, respectively.Throughout the week, the market remained largely range-bound, but on Friday, it broke the crucial support level of 25,300/83,000, triggering intensified selling pressure post-breakdown.Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities, interacted with ET Markets regarding the outlook on Nifty and Bank Nifty, along with an index strategy for the upcoming week. Following are the edited excerpts from
