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Bloomberg Quint
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Ahmedabad Plane Crash: Air India, Boeing Respond To AAIB Preliminary Report
- Air India and Boeing have responded to the preliminary investigation report following the crash of Air India Flight AI 171 in Ahmedabad.
- Air India expressed solidarity with the affected families and confirmed cooperation with regulatory authorities based on the AAIB's report.
- Boeing conveyed condolences and reaffirmed support for the investigation into the tragic accident.
- The AAIB's report indicated a sudden loss of thrust due to fuel cut-off, leading to the crash that resulted in the loss of 241 of the 242 people onboard.
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HinduBusinessLine
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Domestic air passenger traffic up 5% yoy in June 2025: ICRA
- Domestic air passenger traffic in India rose by 5.1% year-on-year in June 2025, reaching 138.7 lakh compared to 132.1 lakh in June 2024.
- Airlines' capacity deployment increased by 4.9% compared to June 2024 but dropped by 2.3% from May 2025.
- ICRA maintains a 'Stable' outlook on the Indian aviation industry despite potential downside risks from rising crude oil prices, airspace closures, and operational challenges.
- ICRA projects domestic air passenger traffic to grow by 7-10% in FY2026, while international passenger traffic for Indian carriers is expected to increase by 15-20% in the same fiscal year.
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Bloomberg Quint
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8th Pay Commission: Fitment Factor Range 1.83 To 2.46, Says Brokerage — Check Expected Salary Hike
- Ambit Capital estimates fitment factor for 8th Pay Commission, with a base salary example.
- Expected range for fitment factor is 1.83 to 2.46, showing potential salary increase.
- Previous 7th Pay Commission had a fitment factor of 2.57, presenting historical perspectives.
- Estimated salary hikes range from 83% to 146% due to fitment factor adjustments.
- Effective salary hike could be 30-34% with the reset of dearness allowance.
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Moneyweb
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A 36-year-old beauty mogul is South Korea’s newest billionaire
- Korean beauty mogul Kim Byung Hoon, 36, becomes a billionaire with APR skyrocketing.
- APR, a Seoul-based startup, gained fame with high-tech facial devices and K-beauty.
- Kim's hands-on approach led APR to $1.3 billion success, expanding globally.
- APR's leading Medicube brand gains popularity in the US, eyeing further expansion.
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Moneyweb
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Supermarket billionaire wants to build AI gigafactory in Europe
- The Schwarz Group, Germany's largest retailer and owner of Lidl, plans to propose building a major data center for Europe's AI efforts.
- The company aims to spend billions of euros on this project and compete for European Union subsidies for new AI 'gigafactories.'
- Europe is striving to reduce dependency on US providers in AI technology and increase its own expertise in key areas like AI, cloud, and cybersecurity.
- The Schwarz Group wants to lead a joint German bid for an AI factory, but the outcome is uncertain, with previous partnership talks falling through.
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Moneyweb
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UK to end paper shares after 400 years to boost city’s appeal
- The UK plans to end paper stock certificates after 400 years to streamline processes and boost the competitiveness of the City of London.
- Chancellor of the Exchequer Rachel Reeves will announce the move to fully digitize Britain's capital markets, aiming to make UK finance more modern and efficient.
- The transition will replace paper-based share registers with digital registers, aligning with recommendations from a government-commissioned report to digitize UK capital markets.
- The shift comes amidst London's shrinking stock market, with initiatives like encouraging more investment in British equities and reducing tax-free individual savings account limits to promote equity investments.
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Moneyweb
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Xi signals China may finally move to end deflationary price wars
- China's government, led by Xi Jinping, shows signs of tackling deflationary price wars.
- Recent shift in messaging acknowledging cutthroat competition dragging down prices and profits.
- Efforts aim to rein in industrial overcapacity, ease trade tensions, and boost global confidence.
- However, concrete policy measures are still awaited to address the complex economic challenges.
- It remains to be seen how China balances curbing excess supply without jeopardizing growth.
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HinduBusinessLine
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Do low interest rates spur growth?
- Low interest rates may not necessarily spur growth as other factors play significant roles.
- Monetary policy's impact on growth depends on demand conditions and investment opportunities.
- Historical data shows equivocal results between credit growth, GDP, and repo rate changes.
- Interest rates are just one factor influencing credit growth, with demand-side factors also crucial.
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HinduBusinessLine
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Air India crash explained: The role of engine fuel control switches
- The Air India crash explained focuses on the role of engine fuel control switches in regulating fuel flow into a plane's engines.
- Experts state that the pilot would not accidentally move these switches, and any movement would immediately cut off engine power.
- The switches on a 787 Dreamliner, like the one in the Air India incident, are spring-loaded and have modes for 'CUTOFF' and 'RUN'.
- The preliminary report indicates that the switches on the Air India flight transitioned from 'RUN' to 'CUTOFF', leading to engine power loss, but later reverted back to 'RUN'. The report highlights automated relight sequences if the switches are moved during flight.
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HinduBusinessLine
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Climate finance taxonomy draft needs more teeth
- The draft climate finance taxonomy in India aims to steer investments towards sustainable transitions but faces challenges in achieving this goal.
- It focuses on key sectors like power, mobility, buildings, agriculture, and hard-to-abate industries, aiming for an inclusive approach that considers indigenous innovation and transitions for MSMEs.
- However, the draft taxonomy has contradictions, such as including 'cleaner' coal technologies, potentially leading to greenwashing and risking carbon-intensive infrastructure lock-ins.
- There are concerns about the lack of clear timelines, phase-out clauses, governance structure, financial plumbing details, and the narrow focus on sectoral adaptation in the draft, highlighting the need for refinement and execution to drive India's green transition.
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HinduBusinessLine
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Air India crash: Profiles of the two pilots at the controls
- Sumeet Sabharwal, 56 years old, had extensive flying experience with clearances to pilot various aircraft. He had a total flying time of 15,638 hours, with a significant portion on Boeing 787.
- According to the Times of India, Sabharwal assured his family of contacting them after landing in London. Colleagues described him as a 'gentleman.'
- The other pilot, 32-year-old Kunder, had a commercial pilot license from 2020 and experience flying multiple aircraft. He had a total flying time of 3,403 hours, with 1,128 hours as a 787 co-pilot.
- Kunder's passion for flying started in school, and he began flying in 2012, joining Air India in 2017. Their profiles shed light on the experience and dedication of pilots involved in the Air India crash.
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Bloomberg Quint
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Air India Crash Preliminary Report Reveals Twin Engine Shutdown Mid Air Due To Fuel Supply Cut
- The preliminary report by the Aircraft Accident Investigation Bureau revealed that the twin engines of the Air India flight shut down mid-air due to fuel supply being cut off, leading to a rapid descent and crash outside the airport perimeter.
- There was confusion between the pilots in the cockpit, with one pilot asking why the fuel was cut off, although neither had acknowledged turning off the switches. Efforts to restart the engines were unsuccessful.
- The aircraft hit its top airspeed and moments later, the fuel cut off switches moved from 'RUN' to 'CUTOFF' position. A backup power device deployed after a total loss of power was indicated by CCTV footage.
- The investigation also found no significant bird activity near the flight path and that the crew was medically fit and experienced. Air India had not inspected its planes despite an advisory about a fuel-control switch locking feature.
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HinduBusinessLine
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Inside the cockpit: The final moments of Air India’s dreamliner disaster
- Air India Dreamliner VT-ANB experienced a fatal incident on June 12, with detailed events leading to the crash released in a preliminary report by Indian investigators.
- The aircraft, after a routine landing in Ahmedabad from New Delhi, began its take-off sequence from Runway 23 but encountered engine trouble shortly after liftoff.
- Issues with the fuel cutoff switches led to engine failures, deployment of the Ram Air Turbine (RAT), and subsequent loss of altitude before crashing beyond the airport perimeter wall.
- Despite attempts at engine relight and recovery, distress calls, and rescue mobilization, the aircraft tragically crashed with data recording ceasing just after the distress call.
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VentureBeat
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Moonshot AI’s Kimi K2 outperforms GPT-4 in key benchmarks — and it’s free
- Moonshot AI releases Kimi K2, an open-source language model challenging proprietary systems.
- Kimi K2 excels in coding, autonomous agent tasks with trillion total parameters.
- Outperforms GPT-4, showing impressive results in benchmarks like SWE-bench Verified.
- Achieves stability with MuonClip optimizer, offering cost-efficient large model training.
- Strategic pricing model poses challenge to incumbent providers, creating market disruption.
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TechBullion
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5 AI Tools Transforming How Home Service Companies Handle Missed Calls
- Artificial intelligence is revolutionizing the home services industry by tackling missed calls efficiently.
- AI platforms help prioritize urgent service requests, addressing industry-specific challenges effectively.
- Leading tools like LeadTruffle and Smith.ai offer automated lead qualification and call management.
- These AI solutions cater to different scales of home service companies, enhancing operational efficiency.
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