BSE, NSE investors foot ₹1.4 lkh cr bill for Jane Street scandal

Global airlines are inspecting Boeing 787 fuel switches after an Air India crash. Etihad and Singapore Airlines initiated checks. This follows a preliminary report indicating fuel switch issues. The report suggests switches were moved before impact. Investigators are examining pilot actions. A previous FAA advisory existed, but Air India did not implement it. The airline replaced switches during module changes.

Indian pension managers are seeking regulatory changes to boost investment flexibility as their assets surge. They've requested the Pension Fund Regulatory and Development Authority to ease restrictions on corporate bond tenors and allow investments in bonds rated by a single agency.

The preliminary report on the June 12 Air India crash has sparked widespread speculation, particularly about pilot error, after selective details spread online. Aviation experts criticised the Aircraft Accident Investigation Bureau (AAIB) report for lacking a clear timeline, technical context, and human factors data. While it confirms the fuel switches were turned off then on seconds after takeoff, no cause is identified. Experts warn misinformation and AI-generated theories have overshadowed facts.

Elan Group, a Gurgaon-based developer, has secured Rs 250 crore from Piramal Finance. The funding will support the construction of a commercial project in Gurgaon. This follows a Rs 1,200 crore funding from Kotak Real Estate Fund last year. Elan Group will use the funds to expedite its regional projects. The company's portfolio includes 15 projects across various segments.

India is contemplating a comprehensive overhaul of its atomic energy laws, including the CLND Act, to attract private investment and achieve ambitious nuclear energy targets. The revamp aims to address the unlimited liability concerns of suppliers, potentially capping their liability and establishing a nuclear fund with government support.

The Reserve Bank of India's new directive may boost priority sector lending. Banks can now offer loans up to ₹10 lakh against gold. This move is expected to benefit the agriculture and micro-enterprise sectors. Farmers and small business owners may find it easier to access credit. The change clarifies the classification of gold-backed loans.

Indian fertiliser firms IPL, KRIBHCO, and CIL have signed a five-year deal with Saudi Arabia’s Maaden to import 3.1 million metric tonnes of DAP annually, with an option to extend. This move, amid China's export restrictions on phosphate and speciality fertilisers, aims to secure India's fertiliser supply. Minister JP Nadda also discussed bilateral investment opportunities during his Saudi visit.