DGCA to kickstart inspection of Air India's main hub
India's civil aviation regulator, DGCA, will commence a comprehensive review of Air India's Gurugram base, focusing on aircraft airworthiness and crew training records. This inspection, part of the annual surveillance program, is not directly triggered by the recent Ahmedabad plane crash.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
New Delhi: The civil aviation regulator will conduct a comprehensive review of Air India 's main base in Gurugram from Monday. The exercise, which was planned before the airline's plane crash in Ahmedabad on June 12, entails checking the carrier's records of aircraft and whether they are airworthy, along with training and duty period records of the flight crew, according to a document seen by ET.The inspection is part of the annual surveillance programme of the Directorate General of Civil Aviation ( DGCA ) and not triggered by the crash, said a senior DGCA official, who did not wish to be identified.It comes at a time when regulatory scrutiny of Air India's operations has increased following the crash. The DGCA has asked its inspectors to provide details of all inspections and audits conducted on Air India since 2024.The DGCA has also revamped its audit procedure to make it more comprehensive. The revamp comes in the wake of the crash of Air India's Boeing 787-8 Dreamliner aircraft in Ahmedabad which killed 241 people on board and more than 30 on the ground."Traditionally, regulatory and safety oversight functions within Indian aviation have been conducted in silos, performing inspections and audits specific to their respective domains.These activities include planned or unplanned surveillance inspections, random spot checks and ramp inspections, which primarily assess compliance and safety within individual aviation segments," the DGCA said in a notice, a copy of which was seen by ET.The new framework marks a paradigm shift, aiming to evaluate the aviation ecosystem holistically, moving away from fragmented oversight models, it said.The audits will examine three broad areas - the effectiveness of an organisation's Safety Management System, the robustness of its operational practices and its compliance with regulatory provisions.A senior official of the DGCA said these special audits will be conducted by officials with expertise in different areas such as air safety, airworthiness of aircraft, training standards of crew and air navigation.The exercise will be conducted periodically for all airlines, airports, aircraft maintenance organisations and pilot training schools. "A serious incident or a crash or continuous non-compliance may trigger this audit but it will also be done periodically, giving prior notice to the company," the official said.On Sunday, Air India said that it will temporarily reduce 118 weekly flights operated with narrow-body aircraft across 19 routes and suspend operations on three routes.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
Infosys' Bengaluru, Chennai, Pune centres top April on-site attendance numbers
Infosys Ltd's development centres in Bengaluru, Chennai and Pune were its top three offices in on-site attendance in April, according to an internal memo to employees. The Bengaluru-headquartered software service exporter shared the April in-office attendance data at a recent all-hands meeting with its India employees. In-person attendance at Infosys' Nagpur, Indore and Gurgaon offices was the lowest, according to the data seen by ET. The move is seen as Infosys' effort to get more people back to its campuses. Infosys' Bengaluru, Chennai and Pune centres registered in-office attendance of 57%, 52% and 50%, respectively. Nagpur, Indore and Gurgaon followed with 46%, 41% and 32%, in that order. Bengaluru-headquartered Infosys has around 323,500 employees, with the majority based in India. It has been following the return-to-office policy since November 20, 2023, requiring employees to work from office for at least 10 days in a month. Live Events The company has made it compulsory for employees at job level (JL) 5 and below to punch in at the office 10 days a month. If employees fail to do so, 'system intervention' gets triggered, which means the employees concerned will have to get their unofficial absence approved by their managers, else those days get marked as 'leave'. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Employees at JL5 include team leaders while those below include software engineers, senior engineers, system engineers and consultants. JL6 and above include managers, senior managers, delivery managers and senior delivery managers, but exclude vice presidents. Tata Consultancy Services ( TCS ), India's biggest IT company and Infosys' rival, had introduced a five-day work-from-office policy in October 2023, which was linked to employees' variable pay. Wipro , Infosys' cross-city rival, introduced a hybrid work policy that required employees to work from the office for at least three days a week. For more than a year now, many top software services exporters have tightened their work-from-home facilities in a bid to boost office attendance. This was done in the wake of not just the rise in cyberattacks and moonlighting, but also to encourage the benefits of working in a shared physical space. In April last year, K Krithivasan, chief executive of TCS, had highlighted that return to the workplace created 'shared experiences, nurturing greater learning, collaboration and camaraderie'. At its quarterly results conference, the management said that almost 65% of TCS' associates were then attending office for 3-5 days a week, within a quarter of the policy's implementation. TCS and Infosys did not respond to requests for comment. Other top-tier Indian IT firms, including HCLTech, Wipro, Tech Mahindra and LTIMindtree , also did not respond. Salil Parekh-led Infosys further broke down the data as per segments and job levels. In terms of verticals, engineering IoT (internet of things) topped with 71% across job levels, followed by engineering medical with 55%, IoT with 53%, and engineering automobile with 30%. Employees at JL6 across verticals recorded attendance between 62% and 73%. The next best performers were at JL5. In its latest annual report, Infosys said its hybrid work model, built around people and their comfort, offers the flexibility of working from home and office, at locations closest to their homes. 'As part of this strategy, we have set up offices in Ahmedabad, Guwahati, Kolkata, Visakhapatnam, Noida, Hubballi, Indore, Navi Mumbai, Nagpur and Coimbatore in India over the last few years,' the report said.
Time of India
16 minutes ago
- Time of India
US strikes on Iran expected to weaken rupee and bond yields
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Indian bond yields and the rupee are expected to weaken following Sunday's unexpected US strikes on Iranian nuclear sites, potentially leading to a shutdown of the Strait of Hormuz that is crucial for crude oil supplies to New anticipate the 10-year government security (G-sec) yield to open 3-4 basis points higher than Friday's close of 6.31%, according to CCIL data. The Indian rupee is likely to open around 86.80 per US dollar Monday, about 22 paise weaker than its previous close of 86.58/$ rupee had rebounded on Friday after five consecutive sessions of decline. However, reports of US strikes on Iranian nuclear sites have set the stage for a reversal of that recovery. Further overnight escalation by Iran is expected to drive oil prices higher, which could exert upward pressure on bond would also keep an eye out for the intensity of intervention by the Reserve Bank of India (RBI) in the currency spot market, traders said. "Rupee is expected to open around 86.80/$1 levels, with a good possibility of the currency weakening towards 87/$1 if oil prices go higher," said Ritesh Bhansali, deputy CEO at Mecklai Financial crude futures have surged nearly 18% since June 10, reaching a five-month high of $79.04 on Thursday, according to Reuters. Rising crude prices pose inflationary risks for India, a major importer of oil. "We know yields will open higher on Monday, but we will be able to take a proper position only after assessing oil prices early on Monday," said Vijay Sharma, senior executive VP at PNB Gilts The US strike followed President Donald Trump's earlier statement on Friday that he would delay action against Iran by a week. That announcement had led to a 14 paise appreciation in the rupee, which closed at 86.58 per dollar."Yields would likely open a bit higher due to the unexpected attack, especially after the 'two weeks pause' comment by Trump which triggered the rally on Friday. This rally may unwind, and we can see yields of the most traded 2034 paper around 6.40% levels," said Gopal Tripathi, head of treasury at Jana Small Finance Bank . The 2034 paper had closed at 6.37% on Friday, according to CCIL.
Mint
16 minutes ago
- Mint
Stock market today: Trade setup for Nifty 50, global markets to Israel-Iran news; eight stocks to buy or sell on Monday
Stock Market Today: The benchmark Nifty-50 Index, for the week ended 20 June, ended more than 1% higher at 25,112.40 week on week. The Bank Nifty followed suit, also ending with 1.2% gains, at 56,252.85, while the IT index also stood among gainers, though metals and pharma were among key losers. Among the broader indices, the mid- and small-caps ended up to 1% lower. The Nifty has once again approached the upper band of its consolidation range. A sustained move above the 25,200 level would confirm a breakout, potentially opening the door for a rally toward the 25,600–25,800 zone. On the downside, 24,700 and 24,400 will serve as immediate and crucial support levels, as per Ajit Mishra, SVP, Research, Religare Broking Ltd. Bank Nifty reclaimed levels above the 56,000 mark and could now gradually advance toward the 57,000 and 58,200 levels, added Mishra. "The Indian stock market concluded the week on a robust note, shrugging off midweek volatility triggered by escalating tensions in the Middle East and a sharp spike in crude oil prices. Reserve Bank of India's relaxation of project financing norms, which provided a boost to financial stocks. The RBI's continued dovish tone—signaling potential rate cuts on validating subdued inflation—further reinforced market confidence, positioning monetary policy as a key stabilizing force amid global uncertainty, said Vinod Nair, Head of Research at Geojit Investments. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager, Technical Research at Prabhudas Lilladher, has given three stock picks. These include KFin Technologies Ltd., Go Digit General Insurance Ltd., HDFC Bank Ltd., Tata Motors Ltd., National Aluminium Company Ltd, Welspun Corp Ltd., Torrent Power Ltd., and Ideaforge Technology Ltd. KFin Technologies Ltd - Bagadia recommends buying KFINTECH at around ₹ 1278.4, keeping stop-loss at ₹ 1230 for a target price of ₹ 1360 KFINTECH, which is currently trading at 1278.4, exhibits a near retest of recent swing highs and signals bullish continuation following a brief consolidation on the daily chart, supported by its consistent position above key exponential moving averages (EMAs). Recent price action indicates the stock maintaining levels near the 20-day EMA. The reclaim of the 20-day EMA is especially noteworthy, as it often signifies a shift from bearish to bullish sentiment. 2. Go Digit General Insurance Ltd.—Bagadia recommends buying in GODIGIT at around ₹ 356.2, keeping Stoploss at ₹ 344, with a target price of ₹ 380 GODIGIT is currently trading at 356.2, exhibits a strong uptrend and bullish breakout on the daily chart, supported by its consistent position above key exponential moving averages (EMAs). Technically, GODIGIT is forming a strong bullish engulfing pattern on the daily chart. The price structure indicates strong institutional interest and suggests further upside potential in the coming sessions. 3. HDFC Bank Ltd.—Dongre recommends buying HDFC BANK at around ₹ 1360, keeping stop-loss at ₹ 1320 for a target price of ₹ 1410. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1360 and maintaining strong support at ₹ 1320. The technical setup indicates the potential for a price retracement towards the ₹ 1400 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1320 offers a prudent approach. HDFC Bank Ltd. is close to capturing the anticipated upside. 4. Tata Motors Ltd.—Dongre recommends buying TATAMOTORS at around ₹ 676 with a stop loss of ₹ 655 for a target price of ₹ 700. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 676 and maintaining strong support at ₹ 655. The technical setup indicates the potential for a price retracement towards the ₹ 700 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 655 offers a prudent approach to capturing the anticipated upside. 5. National Aluminium Company Ltd.—Dongre recommends buying NATIONALUM at around ₹ 184, keeping Stoploss 178 for a target price of ₹ 192. In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 184 and holding above a key support level at ₹ 178. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 178 to manage downside risk. The target for this trade is set at ₹ 192, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Welspun Corp Ltd.—Koothupalakkal recommends buying WELCORP at around ₹ 915 for a target price of ₹ 960, keeping Stop loss at ₹ 895 The stock, after the short period of correction, has indicated a higher bottom formation on the daily chart, taking support near the ₹ 875 zone, and has indicated a positive candle formation with significant volume participation visible to improve the bias and expect for further rise in the coming sessions. The RSI has cooled off from the highly overbought zone and is currently well placed, once again indicating a positive trend reversal to signal a buy. With the chart technically looking strong, we suggest buying the stock for an upside target of the ₹ 960 level, keeping the stop loss at the ₹ 895 level. 7. Torrent Power Ltd.—Koothupalakkal recommends buying TORRENT POWER at around ₹ 1390 for a target price of ₹ 1460, keeping Stop loss at ₹ 1362 The stock has recently witnessed a gradual slide and has arrived near the base of the ascending channel pattern on the daily chart, indicating a positive candle formation to improve the bias and anticipate further upward movement in the coming days. The RSI has been well positioned, indicating a positive trend reversal to signal a buy after remaining flat for quite some time, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹ 1460, keeping the stop loss at the ₹ 1362 level. 8. Ideaforge Technology Ltd.—Koothupalakkal recommends buying IDEA FORGE at ₹ 573.50 for a target price of ₹ 615, keeping stop loss: 560 The stock has been moving sideways for the last two weeks with support maintained near the 550 zone, currently indicating a positive move with decent volume participation visible to improve the bias, and a further rise is expected in the coming sessions. The RSI has cooled off from the overbought zone and is currently well placed with upside potential visible to continue with the positive move further ahead. With the chart looking good, we suggest buying the stock for an upside target of ₹ 615 level, keeping the stop loss at ₹ 560 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
