Thursday, August 27
Mumbai: The four-member panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate large-scale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said. During the visit, they said, the panel members checked multiple aspects of the operations that could have resulted in the disruptions. "The panel members visited IndiGo headquarters on Monday. They remained there throughout the day to take the ongoing probe ahead," a source privy to information told PTI. During the visit, said another source, the probe panel checked multiple aspects of operations, including infrastructure that could have resulted in such a large-scale disruption of services. The four-member panel,
National Commodity & Derivatives Exchange Ltd (NCDEX) on Monday said it has received an in-principle approval from the Securities and Exchange Board of India (Sebi) to launch a mutual fund transaction platform, a precursor to its planned equity trading segment. The platform will allow investors to subscribe to and redeem mutual fund units, with clearing and settlement handled by National Commodity Clearing Ltd (NCCL), a wholly owned NCDEX subsidiary, the exchange said in a statement. "Mutual funds are among the simplest and safest starting points for new investors, and we believe this is where Bharat's equity journey truly begins," NCDEX Managing Director and Chief Executive Arun Raste said. The commodity exchange aims to expand financial inclusion through low-denomination systematic i
