&w=3840&q=100)
Alaska Airlines resumes operations after tech outage grounds all flights
AP Washington
Alaska Airlines has resumed operations following an undisclosed technical error affecting its entire system for approximately three hours, the company announced.
The carrier experienced an IT outage that resulted in a temporary, system-wide ground stop for Alaska Airlines and Horizon Air flights" around 8 pm Pacific time Sunday. The stop was lifted at 11 pm, the Seattle-based company said in a social media post.
As we reposition our aircraft and crews, there will most likely be residual impacts to our flights. It will take some time to get our overall operations back to normal, the post said.
The Federal Aviation Administration website had confirmed a ground stop for all Alaska Airlines mainline and Horizon aircraft, referring to an Alaska Airlines subsidiary.
The National Transportation Board last month credited the crew of Alaska Airlines flight 1282 with the survival of passengers when a door plug panel flew off the plane shortly after takeoff on Jan 5, 2024, leaving a hole that sucked objects out of the cabin.
In September, Alaska Airlines said it grounded its flights in Seattle briefly due to significant disruptions from an unspecified technology problem that was resolved within hours.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
an hour ago
- India.com
SEBI Proposes Easier Norms For Resident Indian Participation In FPIs
New Delhi: The Securities Exchange Board of India has proposed easier norms for resident Indians and mutual funds to invest in foreign funds. The regulator proposed to enable retail schemes based in IFSCs in India with resident Indian non-individuals as sponsors or managers to register as FPIs. The investment limit is capped at 10 per cent of the targeted corpus, in line with IFSC rules, a release from SEBI said. The suggestion is to replace the sponsor and manager with a fund management entity or associate for IFSC FPIs. SEBI has also proposed allowing Indian mutual funds to invest in overseas funds with India exposure. These proposals aim to increase investment options for Indian investors to diversify their portfolios. If implemented, these reforms could bridge the gap between India's domestic savings pool and international opportunities. Currently, only certain institutional investors meeting SEBI's criteria can register as FPIs to invest in foreign securities. The proposed changes focus on retail-oriented investment schemes set up in IFS, which would allow a broader range of India-based entities to channel domestic capital into foreign assets through a regulated framework. At present, non-resident Indians (NRI), overseas citizens of India (OCI) or resident Indians are not eligible to register as FPIs. However, NRIs, OCIs or resident Indian individuals are permitted to be constituents of FPIs, subject to certain conditions in terms of limits on contribution and control of the FPIs. The Reserve Bank of India's liberalised remittance scheme permits individuals to remit up to Rs 2.5 lakh annually for overseas investments. Retail investors depend on indirect channels and FoF opportunities in global mutual funds for foreign market exposure. IFSC is a special economic zone (SEZ) acting as a global financial hub within India, allowing institutions to conduct international financial transactions and operations. The capital market regulator has sought public feedback on its proposals till August 29.
Time of India
an hour ago
- Time of India
Technocraft Ventures files IPO papers with Sebi, plans Rs 138 crore fundraise for working capital; strong wastewater project pipeline
Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO). The IPO will comprise a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions, according to the draft red herring prospectus (DRHP) filed on Friday, PTI reported. Net proceeds of Rs 138 crore from the fresh issue will be used to fund working capital requirements, with the remaining amount allocated for general corporate purposes. Incorporated in 1998, Gautam Budha Nagar-based Technocraft Ventures executes turnkey engineering, procurement and construction contracts across wastewater treatment, public utility operations and maintenance, and electrical transmission and distribution projects. The company has completed assignments under flagship schemes like the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme, and Pradhan Mantri Gram Sadak Yojana, as well as projects backed by multilateral agencies such as the Asian Development Bank. As of June 30, 2025, the company's order book for ongoing projects stood at Rs 685.83 crore, including four joint venture projects worth Rs 383.86 crore. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When Knee Pain Hits, Start Eating These Foods, and Feel Your Pain Go Away (It's Genius) Click Here Undo by Taboola by Taboola Competitors include Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers. In FY25, Technocraft Ventures reported revenue from operations of Rs 279.56 crore and a profit after tax of Rs 28.20 crore. Shares are proposed to be listed on both the BSE and NSE. Khambatta Securities is the sole book-running lead manager, while Bigshare Services will act as registrar to the issue. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Prestige Estates acquires 102 acres in Q1, to build homes worth ₹20,400 cr
Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than Rs 20,000 crore. Looking to expand its residential real estate business, Bengaluru-based Prestige Estates Projects has been acquiring land parcels outright and also partnering with landowners. According to its latest investor presentation, the company acquired a total of 102 acres of land in Bengaluru, Hyderabad, Chennai and Mumbai in the first quarter of this fiscal year. These land parcels will be used to develop residential projects, which would have an estimated gross development value (GDV) of Rs 20,400 crore. According to the presentation, Prestige Estates in Hyderabad acquired two plots -- 28 acres in Tellapur and 37 acres in Pulimamidi. In Bengaluru, the company has acquired three land parcels -- 10 acres in Poojanahalli - Devanahalli, 7 acres in Kothanuru, KR Puram and 10 acres in Ittangur, Sarjapura. At Velachery in Chennai, the company acquired 3.48 acres. Prestige acquired 6.3 acres of land in Mumbai. The presentation did not mention the cost of the land. On financial performance, the company recently reported a 26 per cent increase in its consolidated net profit to Rs 292.5 crore during the first quarter of this fiscal. Its net profit stood at Rs 232.6 crore in the year-ago period. The total income rose to Rs 2,468.7 crore during the April-June period of this fiscal from Rs 2,024.5 crore in the corresponding period of the preceding year. Last month, Prestige Estates Projects Ltd reported a four-fold jump in its sales bookings to Rs 12,126.4 crore in the first quarter of FY26, mainly due to strong demand for its housing project in Ghaziabad. The company's sales bookings or pre-sales stood at Rs 3,029.5 crore in the year-ago period. During the entire last fiscal year, Prestige Estates sales bookings declined 19 per cent to Rs 17,023.1 crore, "reflecting the impact of deferred launches amid approval delays". The company has given guidance of achieving Rs 27,000 crore worth of sales bookings during the current fiscal year. Prestige Group has delivered over 300 projects and has a pipeline of around 140 projects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
