Cyclonic storm hits West Bengal's Jalpaiguri; at least four killed, over 100 injured | Video
A cyclonic storm in West Bengal killed four people and injured over 100, causing damage to houses and uprooting trees. Rescue operations are ongoing. Key Points
mintIAF activates Emergency Landing Facility in Andhra Pradesh, first in peninsular India
Su-30 & Hawk fighters demonstrated the facility's operational readiness. ELFs come in handy during emergency landings, help speed up disaster relief operations. Key Points
ThePrintTargeted assassinations now have a buffet of tech options—flying Ginsu, drones, AI guns
Kataib Hezbollah leader Abu Baqir al-Saadi was assassinated using a ‘flying Ginsu’ this month. It’s among the increasingly sophisticated weapon systems being used in targeted killings. Key Points
ThePrintApple to close this 121-member unit, move could affect India too. Here's how
The team, based in San Diego, has been asked to relocate to Austin. Those who reject the offer will be terminated in April. Key Points
Hindustan TimesDGCA allows scheduled commuter airlines to operate single-engine aircraft at night
Till now, such operations were restricted to day operations and Visual Flight Rules. Aviation safety regulator DGCA has allowed scheduled commuter airlines to operate their single engine aircraft at night, a move that will help in enhancing air connectivity to remote areas during night hours. Key Points
The Tribune India
Bengaluru’s tech workers can commute to Whitefield by metro from Monday
The Namma Metro in Bangalore will now be available for thousands of technology workers in the tech hubs of Mahadevapura and Whitefield. The Prime Minister of India, Narendra Modi, has asked the state government to open the two sections on the purple line immediately. The Bangalore Metro Rail operations (BMRCL) had been waiting for a date from ministers to officially start operations on the Baiyappanahalli-KR Puram and Challaghatta-Kengeri sections. Key Points
Economic TimesClorox says production sites back up after August cyberattack
Clorox (CLX.N) said on Friday all its manufacturing facilities resumed operations and it is ramping up production to restock inventories after a cyberattack last month disrupted the bleach maker's business. Key Points
ReutersKalka-Shimla line damage: Railways likely to resume ops between Shimla, Solan today
Train operations on the Kalka-Shimla track, a world heritage site, remains suspended since July 9, thus cancelling all trains (up and down) on the line. Officials say these trains have been suspended till August 6 in wake of the restoration work. Key Points
Hindustan TimesRailway service begins on India-Nepal axis
Kathmandu: The operations on a section of the cross-border Jaynagar-Bijalpura-Bardibas rail line connecting India and Nepal began on Sunday. Nepal’s Minister for Physical Infrastructure and Transport, Prakash Jwala, launched the operations in Bijalpura, the Indian Embassy stated. PTI Key Points
The Tribune IndiaGo First extends flight cancellations till June 7, due to operational reasons
In an announcement issued online, the airline said all Go First flights scheduled till 7 June, 2023, have been cancelled. Go First said that full refund will be issued to the original mode of payment shortly. Key Points
mint
Go First suspends operations till May 26; may resume on May 27, airline tells pilots
Crisis-hit airline Go First has extended the suspension of its flight operations until May 26 due to operational reasons. The airline faces legal battles, grounded aircraft, financial challenges, and an uncertain future. Key Points
The HinduINAS 312 squadron clocks 40,000 hours of operations: Navy
INAS 312, popularly known as 'Albatross' has been at the forefront of all naval operations. P8I over the last 10 years has spearheaded operations in all three dimensions - air, surface and sub-surface. The Squadron has been rendering yeoman service, safeguarding national interests being the first responder in the Indian Ocean Region, a senior official of the Navy said. Key Points
Economic TimesCyclone Biparjoy adversely impacts APM Terminals Pipavav Port
The landside operations, which have been resumed, include complete rail and yard operations, import delivery of laden and empty containers export gate in of reefers containers only, it stated. While marine and quayside operations continue to remain suspended, the port is continuously monitoring the situation, it said. Key Points
Economic TimesGo First gets green light from DGCA to resume ops, but with riders
Indian aviation regulator DGCA has accepted cash-strapped airline Go First's resumption plan, but subject to certain conditions. Cash-strapped Go First, which had been flying for more than 17 years, stopped operations from May 3. Key Points
Economic TimesAir cargo demand continued to surge despite economic uncertainties: IATA
International Business News: IATA reported that air cargo demand rebounded in 2023, reaching a level just slightly below 2022 and 2019. The capacity also increased in 2023. Decemb Key Points
Times Of India
‘India strongest part of our steel portfolio’
On European operations, T.V. Narendran, CEO and MD, Tata Steel Ltd, said the company’s operations in the Netherlands would be able to sustain itself through its earnings and support from the government, but the UK operations remain a concern Key Points
mintTwo US Navy sailors reported missing off coast of Somalia during operation
Two U.S. navy sailors are missing at sea off the coast of Somalia. The U.S. Central Command reported the incident and stated that the sailors were conducting operations in the U.S. 5th Fleet area. The missing personnel will not be identified until the recovery operation is complete. The area of operations includes the Arabian Gulf, Red Sea, Gulf of Oman, Gulf of Aden, Arabian Sea, and parts of the Indian Ocean. Recent strikes were conducted to degrade the Houthi movement's ability to attack maritime vessels. Key Points
Economic TimesIraq to ban cash withdrawals and transactions in dollar before 2024
Starting from January 1, 2024, Iraq plans to prohibit cash withdrawals and transactions in U.S. dollars. This decision is part of an effort to prevent the misuse of its hard currency reserves for financial crimes and to evade U.S. sanctions on Iran. The move intends to combat the illegal use of approximately 50% of the $10 billion that Iraq imports in cash from the New York Federal Reserve annually. Key Points
Economic TimesClorox expects quarterly loss on hit from cyberattack
Clorox (CLX.N) said on Wednesday it expects to post a loss in the first quarter after a cybersecurity attack in August caused product outages, processing delays and wide-scale disruption to the bleach maker's operations. Key Points
ReutersParacetamol maker Granules India' Q1 profit hurt by cyber attack disruptions
Granules India Ltd (GRAN.NS), the maker of paracetamol and ibuprofen pain relievers, reported a 62.5% fall in first-quarter profit on Wednesday, as a cyber security incident significantly disrupted operations. Key Points
Reuters
India Shelter Finance IPO: Check out 10 key risk factors from RHP before investing
The ₹1,200 crore initial public offering (IPO) of housing finance firm India Shelter Finance is scheduled to open today, Wednesday, December 13, and close on Friday, December 15. Here are the top 10 key risk factors mentioned in the India Shelter Finance IPO RHP. Key Points
mintBig relief for Go First as lenders approve Rs 400 crore interim funding: Report
Last month, GoFirst filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT). The beleaguered airline cancelled its flights and was looking for funding to start its domestic operations. Key Points
Business TodayIsrael withdraws some troops, intensity of operation in north of Palestinian enclave lower, says US
Israel pulled tanks out of some Gaza districts Monday, as it announced plans to shift tactics and cut back on troop numbers. Meanwhile, fighting raged elsewhere along with bombardment. Key Points
ThePrintSecurity forces initiate fresh searches along border with Pakistan in Samba & Poonch
Mobile internet services will remain suspended in Rajouri and Poonch for the fifth day in a row. Security forces and special operation groups have launched search operations at three places along the International Border in Samba district. Key Points
FirstpostIsrael sees gradual transition to next phase of Gaza operations
U.S. Defense Secretary Lloyd Austin said that he was not in Israel to dictate any timeline or terms for Israel's military campaign, but he did discuss making the transition to lower intensity operations. Key Points
Economic Times
Cyclone Michaung: Chennai airport closed till Tuesday morning as rain hammers city
Earlier, the flight operations were suspended till 11 pm on Tuesday. However, as rough weather persisted over the city, the suspension was extended till Tuesday morning. Key Points
Business TodayStocks in news: Tata Steel, IndiGo, Welspun Corp, Cipla, Mamaearth
Walchandnagar Ind said there is a strike by the labour union at Walchandnagar unit and operations are partially affected. There is no strike at Maharashtra, Dharwad plants. Key Points
Economic TimesED conducts searches at 30 locations in Rs 56,000-cr bank fraud case against Bhushan Steel promoters
The Enforcement Directorate (ED) has conducted search and survey operations at 30 locations, including Delhi NCR, Haryana, Kolkata, Mumbai, and Bhubaneswar, against the promoters of Bhushan Steel Limited (BSL) in connection with a bank fraud of Rs 56,000 crore. The investigation revealed that the promoters and directors of BSL formed several shell companies and rotated funds through a chain of multiple entities. Key Points
Economic TimesCrisis-hit GoFirst grounded for two months; flight cancellation extended till July 10
New Delhi [India], July 4 (ANI): Crisis-hit airline Go First on Tuesday informed that its scheduled flight operations will remain cancelled till July 10 due to operational reasons. The fleet of the cash-strapped carrier has been grounded since May 3. The airline operator filed for voluntary bankruptcy in early May before the National Company Law […] Key Points
ThePrintGo First creditors approve Rs 425 crore interim fund, revival plan on track
The interim fund was proposed by the airline's resolution professional, Shailendra Ajmera. It was approved by the committee of creditors at a meeting earlier this week. Key Points
India Today
Go First files for bankruptcy: Recounting the turbulent history of Indian aviation
While the rapidly growing Indian aviation sector offers ample opportunities for private carriers to launch operations, it remains an unforgiving space, considering the number of airlines that have been forced to shut shop due to financial troubles. Here's a look at some of the prominent Indian airlines that shut shop after facing severe financial hurdles. Key Points
India TodayRajkot game zone fire: Death toll rises to 22; rescue operations underway
Rescue operations are underway at the affected TRP game zone and officials feared the count of casualties may go up as several children were present at the spot due to the ongoing summer vacation and weekend. The blaze erupted at around 5 pm at a fibre dome for gaming activities and several persons including children were playing games when the blaze erupted, officials said. Key Points
Economic TimesChinese hackers have stolen 100 GB of immigration data from India, leaked papers show
Leaked documents reveal extensive cyber intrusions by Chinese state-linked hacking group. Implications raise concerns about scale and persistence of cyber threats from China and their impact on global cybersecurity. Targets include foreign governments, companies, infrastructure. iSoon, a Shanghai-based firm, plays a significant role in Chinese hacking operations. Key Points
Economic TimesNo progress since Thursday, drilling to resume shortly: NDMA on Silkyara tunnel rescue ops
By any means , the trapped workers will be rescued as all resources are being used, said NDMA member Lt Gen (retd) Syed Ata Hasnain while briefing media on rescue operations. There has been no progress in the movement of pipe through debris in the tunnel since Thursday, and about 15 metres of drilling is still left to reach the stranded workers, he added. Key Points
Economic TimesAustralia says ports operator cyber incident 'serious'
The Australian government has declared a serious and ongoing cybersecurity incident affecting DP World Australia, a major ports operator, forcing the suspension of operations in multiple states since Friday. DP World Australia, responsible for nearly half of the country's goods movement, is investigating potential data breaches and testing essential systems for a return to normal operations. Key Points
Economic Times
Non-technology firms say aye aye to AI talent in bid to get ahead of the competition
Non-tech companies like Tata Steel and Mondelez are hiring AI talent to stay ahead of the competition. According to recruitment services firms, demand for AI talent from non-tech sectors has increased by 50% compared to last year. This includes both external AI specialists and upskilling their existing employees on AI. The AI roles in demand include machine learning engineers, AI infrastructure managers, and AI project managers. Key Points
Economic Times