Operation Sindoor: Turkish firm loses security clearance to operate in Indian airports
Turkey's backing of Pakistan over Operation Sindoor is proving to be costly for that country.
A Turkish firm Celebi Ground Handling India Private Limited, that handles a major share of services at nine major airports in India, has now lost its security clearance.
An order from the Civil Aviation Ministry on Thursday evening said the security clearance for Celebi Ground Handling India Private Limited "is hereby revoked with immediate effect in the interest of national security".
The revocation of Celebi's security clearance effectively halts its operations at the major Indian airports.
Celebi Aviation has two separate entities - Celebi Airport Services India to manage ground handling operations and Celebi Delhi Cargo Terminal Management India to oversee cargo services at Delhi International Airport, NDTV reported.
Celebi Aviation carries out several high-security tasks at Indian airports that are critical to the safe and efficient functioning of airport operations, the report said.
By now, several prominent universities in India have cancelled tie-ups with Turkey's educational institutions following Turkey's military support to Pakistan.
India had responded with Operation Sindoor after the Pahalgam terror attack on April 22 claimed 26 lives.
Operation Sindoor targeted terror camps in Pakistan and Pakistan-occupied-Kashmir.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
36 minutes ago
- First Post
‘Be vigilant, avoid unnecessary movements': India advises citizens in Iran after Israel attacks Tehran
The Indian Embassy in Iran shared an advisory for Indian nationals in Tehran urging them to remain 'vigilant' and avoid 'unnecessary movement,' amid ongoing tensions between Iran and Israel read more As the , the Indian embassy in Iran issued a travel advisory for all Indian nationals and persons of Indian origin living in Iran. In the statement published on Friday morning, the Indian consulate in Tehran urged Indians to remain vigilant and avoid unnecessary movements. 'In view of the current situation in Iran, all Indian nationals & persons of Indian origin in Iran are requested to remain vigilant, avoid all unnecessary movements, follow the Embassy's Social Media accounts & observe safety protocols as advised by local authorities,' the Indian embassy said in a post on X. STORY CONTINUES BELOW THIS AD In the early hours of Friday, Israel conducted pre-emptive strikes against nuclear and military facilities in Iran. The strikes led to the death of the Chief of the Iranian Revolutionary Guards Corps. (IRGC) and the Israeli Army Chief of Staff, Mohammad Bagheri. The Israeli Defence Force later claimed that Iran had launched over 100 drones into its territory, which were intercepted by the Israeli fighter jets. However, the world is still looking closely at how Iran will react to the strikes and whether it will further escalate to a wider conflict in West Asia. Indian Embassy in Iran shares an advisory for nationals MEA reacts to Iran-Israel tensions In a separate statement on the matter, the Indian Ministry of External Affairs said that it is 'deeply concerned' about the ongoing tussle between Iran and Israel. 'We are deeply concerned about the recent developments between Iran and Israel. We are closely monitoring the evolving situation, including reports related to attacks on nuclear sites,' the ministry said in a statement. 'India urges both sides to avoid any escalatory steps. Existing channels of dialogue and diplomacy should be utilised to work towards a de-escalation of the situation and resolving underlying issues. India enjoys close and friendly relations with both countries and stands ready to extend all possible support.' 'Our Missions in both countries are in contact with the Indian community. All Indian nationals in the region are advised to exercise caution, stay safe and follow local security advisories,' the statement further reads.
Hindustan Times
36 minutes ago
- Hindustan Times
Air India plane crash could be India's costliest aviation insurance payout: How airline coverage works
The tragic crash of an Air India Boeing 787-8 Dreamliner on Thursday, which claimed the lives of 241 people, could end up being the largest aviation insurance payout in Indian history. Industry experts estimate the total liability could range between $211 million and $280 million (around ₹2,400 crore), reported news agency PTI. The aircraft, bound for London's Gatwick Airport, took off from Ahmedabad's Sardar Vallabhbhai Patel International Airport at 1:38 PM. Just 33 seconds into the flight, it crashed into a residential area. Of the 230 passengers and 12 crew members, only one British-Indian passenger, Vishwash Kumar Ramesh, survived the fatal incident. The flight included 169 Indian nationals, 53 British nationals, seven Portuguese citizens, and one Canadian passenger. The wide demographic range will be key in determining compensation under international aviation laws. Physical aircraft losses are estimated between $80 million and $250 million, depending on valuation factors like age, condition, and configuration, according to a report in Mint. Since the aircraft crashed into a residential apartment, there is third-party property damage liability on the operator. There might also be loss of lives in that residential apartment where the aircraft crashed,' Mint quoted Hitesh Girotra, Vice President at Prudent Insurance Brokers, as saying. While the airline has announced interim compensation of ₹1 crore for the deceased, final compensation for passengers will be determined under the Montreal Convention of 1999. According to this, the compensation per deceased passenger could be up to 1,28,821 Special Drawing Rights (SDRs), or about $171,000 (roughly ₹1.47 crore). The total loss to Air India, factoring in all categories of claims, is estimated between $211 million and $280 million. However, it is too soon to determine the total liability that the airline may face due to the widespread devastation caused by this crash. Like most global airlines, Air India does not rely on a single Indian insurer for coverage. Instead, coverage is spread across global insurance markets through a network of reinsurers. 'No single insurer bears the entire risk—coverage is widely distributed among global reinsurers, with shares as small as 1.5% to 2% and a lead reinsurer typically taking 10-15%,' said Narendra Bharindwal, president of the Insurance Brokers Association of India. 'Aviation insurance programs for major airlines such as Air India are arranged on a fleet basis and reinsured across international markets like London and New York,' he added. This model ensures that the financial impact of catastrophic incidents is absorbed across a broad global base. Mint reported that since Air India was acquired by the Tata Group, the responsibility of insurance procurement has shifted from government tenders to private mechanisms. Earlier, public-sector insurers competed in annual tenders. Now, the Tata Group has the autonomy to appoint insurers and reinsurers based on its assessment of risk and cost.
Mint
39 minutes ago
- Mint
Bajaj Finance 4:1 bonus shares, 1:2 stock split record date on Monday. Last chance to buy today!
Bajaj Finance shares record date for 4:1 bonus share and 1:2 stock split is fixed as Monday, June 16, thus making today the last day to buy the large-cap non-banking finance (NBFC) stock to reap the benefits of these corporate actions. Since the Indian stock market follows the T+1 settlement system, Bajaj Finance investors must purchase the stock at least one day prior for their names to appear on the list of eligible shareholders. Those who would purchase Bajaj Finance stock on Monday will not be eligible to receive bonus shares and stock split benefits. On April 29, 2025, Bajaj Finance had announced a massive bonanza for its shareholders in the form of a dividend, stock split and bonus share issue. While the record date for the ₹ 44 final dividend was May 30, investors still have today to join the eligible shareholders to reap the gains of the 1:2 stock split and 4:1 bonus issue announced by Bajaj Finance. According to the 1:2 stock split, shareholders of Bajaj Finance who hold one equity share of face value of ₹ 2 each will end up owning two equity shares of face value of ₹ 1 each. Additionally, a bonus issue in the ratio of 4:1 implies that four bonus equity shares of ₹ 1 each will be issued for every one equity share of ₹ 1 each fully paid up held by the shareholder as on the record date.
