All About the Boeing Dreamliner Jet Model that Crashed In India
An Air India Ltd. plane crash that killed 241 of the 242 people on board shortly after takeoff from Ahmedabad on June 12 is set to become the worst commercial airline disaster since 2014.
It also marks the first time the widely used Boeing Co. 787 Dreamliner has been involved in a major accident.
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Entrepreneur
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- Entrepreneur
Guardians Of Digital Trust
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As India's digital penetration deepens across Tier I to Tier III cities, the digital economy is thriving, but so are digital frauds. According to the Reserve Bank of India's (RBI) annual report, digital payment fraud surged more than fivefold to INR 14.57 billion (USD 175 million) in the fiscal year ending March 2024. KYC (Know Your Customer) scams are on the rise, with cases like a 73-year-old Mumbai woman losing INR 2 lakh and an RTO clerk duped of INR 4.35 lakh, exposing the growing vulnerabilities in the system. Amidst this landscape, IDfy is stepping up to combat fraud with Artificial Intelligence (AI) solutions. "We power about 60 per cent of all video KYCs in India," says Ashok Hariharan, Co-founder and CEO of IDfy. The company provides end-to-end verification services for banks, insurance providers, credit card issuers, and online merchants from employee onboarding to authenticating transactions. Yet, as Ashok points out, fraudsters are constantly evolving. "Fraudsters are always finding holes in the lock one area, they'll find a backdoor." Phishing, digital arrest scams, and mule accounts have proliferated, exploiting weaknesses in systems that rely heavily on physical KYC or less sophisticated technologies. "They target cooperative banks with weaker systems, often colluding with branch managers to bypass manual verification," Ashok adds. AI, however, is proving to be a formidable defense. "Deepfake detection, device mimicry, and intrusion attacks – we can catch all of this today," Ashok explains. By using AI models that analyse anomalies, IDfy can flag suspicious transactions such as a low-income applicant seeking a high-value loan. "A person living in Dharavi applying for a INR 10 crore loan that's anomalous," he highlights. IDfy's platform operates on four fundamental questions: Does the individual exist? Is the person the one transacting? Have they committed fraud before? Are they likely to commit fraud in the future? With AI, the company matches PAN card selfies to live photos, preventing fraudsters from impersonating others. It also cross-references court records and prior transactions to strengthen fraud detection. The need for such rigorous checks is clear. "In a test with cab aggregator platforms, seven per cent of vehicles we flagged were linked to drivers with criminal records or vehicles involved in hit-and-run cases," Ashok reveals.
Yahoo
2 hours ago
- Yahoo
Why defense and Airbus dominated this year's Paris Air Show
Airbus announced hundreds of orders at the Paris Air Show, while Boeing maintained a low profile. The Air India crash cast a long shadow over the event, with defense taking the spotlight. Airline passenger numbers are above pre-pandemic levels and supply chain constraints are easing. Airbus won the orders game at an unusual Paris Air Show, overshadowed by geopolitical tensions and last Thursday's Air India plane crash. Boeing chose not to announce any orders and kept a low profile. The sense of mourning was palpable inside the company's chalet. All staff wore Air India pin badges to commemorate Flight 171. "This show definitely has a very different tone for us in the Boeing company," said Turbo Sjogren, senior vice-president for government services, as he began its first media briefing on Tuesday. "When you go into our chalet, when you go into our exhibit, you will see not only flowers, but you will see all Boeing employees wearing this," he added, pointing to his pin. "It's been a very tough time for us, and it affects all of our employees." Both CEO Kelly Ortberg and the chief of its commercial airplanes division, Stephanie Pope, canceled their plans to attend the show. Even as Airbus announced order after order, airline and lessor CEOs began signing ceremonies by expressing sympathy for the victims in Ahmedabad. The European planemaker tallied 142 firm commercial aircraft orders, including 25 A350-1000s from Saudi Arabia's new airline, Riyadh Air. Additionally, Vietnam's VietJet signed an agreement to buy 100 A321neos. Embraer also scored big, as regional airline SkyWest ordered 60 E175 jets in a deal the Brazilian firm valued at $3.6 billion. With 2,500 exhibitors from 48 countries, the global nature of aviation was tangible at Le Bourget Airport — where Charles Lindbergh landed the Spirit of St Louis after his historic transatlantic flight in 1927. However, geopolitical tensions bubbled over amid the conflicts in Gaza and between Israel and Iran. Five Israeli defense companies arrived on Monday to find organizers had blocked off their stands overnight with large black walls. The French government had ordered them to remove offensive weapons from their pavilions, but they declined to do so, Israel's ministry of defense said in a statement. "They're saying that they would discuss it with us and see what goes out, but when we came here this morning, it was unilaterally done," Shlomo Toaff, an executive vice president at Rafael, told reporters. Business Insider saw half a dozen police officers gathered by the pavilions on Monday morning, and two officers standing guard throughout the week. French Prime Minister François Bayrou said the decision was made given "extreme tensions" in the region and "France's diplomatic choices, in particular the very great concern about Gaza." Meanwhile, the F-35 appeared to be the most popular aircraft of the flying displays. Nearly everyone on the tarmac stopped, phones pointed skyward, below the deafening roar of the fighter jet that Israel has used to bomb Gaza and Tehran. Compared to past major shows, it was a salient reminder of an increasingly troubled world. Qatar Airways CEO Badr Mohammed Al-Meer also pulled out of the air show at the last minute. In a video message after the airline was named the world's top carrier for the ninth time, he said he flew home from Paris on Monday, "to focus on our operational responsibilities due to the geopolitical situation in the Middle East." "It feels incredibly strange not to be there," Al-Meer added. "In over a decade with our airline and airport, I've never missed a Skytrax ceremony." Growing conflicts and President Donald Trump's policies have prompted European countries to increase their defense spending and seek more autonomy over military programs. About 45% of the Paris Air Show was dedicated to defense and security, a "strong increase" from 2023, organisers said. The event is typically far more focused on civil aviation, especially compared to the UK's defense-leaning Farnborough Air Show, with which it alternates each year. While there were reasons for industry figures to feel despondent this week, the sector is starting to move on from recent troubles. At last year's Farnborough show and Paris the year before, the main theme was recovering from the pandemic. Passenger numbers have now eclipsed 2019 levels, and while the supply chain is still struggling, constraints are easing. "There is renewed optimism around the ability to restore capacity," said Chad Stecker of Incora, a supply chain solutions provider for aerospace and defense firms. "We're not out yet, I would say," he told BI. "But there's really a life at this show, a renewed life, and optimism around where we're headed." Read the original article on Business Insider
Yahoo
2 hours ago
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ICAI to host Global Capability Centres Summit
The Institute of Chartered Accountants of India (ICAI) is set to host a summit series under the theme "From Ledger to Global Leadership: Chartered Accountants Shaping Global Capability Centres". The inaugural event is scheduled for 27-28 June 2025 in New Delhi, with subsequent regional editions in Ahmedabad (GIFT City), Mumbai, and Hyderabad. The summit aims to showcase India's leadership in the Global Capability Centres (GCC) ecosystem and the significant role of Indian Chartered Accountants in the global services sector. The summit will gather industry experts, policymakers, academicians, and global stakeholders to explore emerging trends, create strategic partnerships, and drive innovation within the GCC domain. Government bodies, including the Ministry of External Affairs, Ministry of Electronics and Information Technology, IFSCA, SEPC, Invest India, NSDC, and IIM Sambalpur, have pledged support as Eco Partners for the series. India is home to more than 1,800 GCCs, employing upwards of 1.9 million professionals. ICAI president CA. Charanjot Singh Nanda said: "India is uniquely positioned to lead the next phase of the GCC evolution. Chartered Accountants are central to driving digital finance, regulatory integrity and global governance. Through this summit, industry experts and Chartered Accountants will come together to share insights, provide practical solutions and foster policy dialogue that can address these pain points and further strengthen India's position as a global GCC hub." ICAI vice president CA. Prasanna Kumar said: "While the GCC ecosystem in India continues to grow rapidly, it faces persistent challenges around regulatory clarity, taxation policies and evolving operational frameworks. The Summit will serve as a platform for collaboration, insights and leadership as we shape the future of the GCC ecosystem." The Delhi summit will feature panel discussions, keynote addresses, and networking opportunities, with a focus on strategic partnerships, digital transformation, and the evolving role of finance professionals in the GCC ecosystem. ICAI has established a dedicated group under its Directorate of International Trade, Services & WTO to promote India as a global hub for accounting and finance-focused GCCs. This initiative is stated to be a part of ICAI's commitment to the profession and national development, aiming to enhance the role of Chartered Accountants in finance leadership and global operations, and to prepare a skilled workforce for the GCC sector. ICAI invites industry professionals, GCC leaders, policymakers, and Chartered Accountants to engage in this dialogue that will shape the future of India's global financial leadership. Additionally, ICAI recently announced its plan to limit the number of tax audits that a partner can sign off in each year. "ICAI to host Global Capability Centres Summit" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
