
Air India pays interim damages to families of 166 crash victims
By ,
PTI
Private carrier Air India on Saturday said it has paid the interim compensation to the families of 166 victims of the Ahmedabad plane crash last month.Besides, payment to the families of another 52 victims is in the process, it added. The plane crash, one of the worst air disasters in India in decades, involved a Boeing 787-8 Dreamliner operating as Air India flight AI171.Of the 242 people onboard, 241 were killed, while the total death toll stood at 260, including casualties on the ground.On June 14, Air India announced that it will provide an interim compensation of ₹25 lakh, or approximately £21,500, to the families of each of the deceased and survivors of the Ahmedabad plane crash to help address immediate financial needs."Air India has released the interim compensation to the families of 147 of the 229 deceased passengers and also the 19 who lost their lives at the accident site," the airline said in the statement.In addition, the requisite documents of 52 others have been verified, and the interim compensation will be released progressively to the families, it noted.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


News18
an hour ago
- News18
Markets fall in initial trade dragged by Kotak Bank, trade deal uncertainty
Last Updated: Mumbai, Jul 28 (PTI) Benchmark equity indices Sensex and Nifty declined in early deals on Monday dragged down by heavy selling pressure in Kotak Mahindra Bank and uncertainty related to the India-US trade deal. Persistent foreign fund outflows and weak trends in Asian markets also hit investors' sentiment. The 30-share BSE Sensex dropped 369.58 points to 81,093.51 in early trade. The 50-share NSE Nifty declined 104.3 points to 24,732.70. From the Sensex firms, Kotak Mahindra Bank tumbled nearly 7 per cent after the company on Saturday reported a consolidated net profit of Rs 4,472 crore for the June quarter, and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions. The profit in the year-ago period was Rs 7,448 crore, but it had included gains of over Rs 3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at Rs 4,933 crore. Tata Consultancy Services, Bharti Airtel, Infosys and Eternal were also among the laggards. However, Tata Motors, Bajaj Finserv, UltraTech Cement and Power Grid were among the gainers. Vijayakumar further added that the sharp cut in the IT index has been dragging the market down, and there is no respite in this in view of the 2 per cent cut in its global workforce announced by TCS. FII selling of Rs 13,552 crore in the cash market last week has added to the weakness in the market, he said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index traded lower while Hong Kong's Hang Seng quoted in positive territory. The US markets ended higher on Friday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,979.96 crore on Friday, according to exchange data. Global oil benchmark Brent crude climbed 0.29 per cent to USD 68.64 a barrel. On Friday, the Sensex tanked 721.08 points or 0.88 per cent to settle at over a month's low of 81,463.09. The Nifty dropped 225.10 points or 0.90 per cent to a month's low of 24,837. PTI SUM SUM ANU ANU view comments First Published: July 28, 2025, 10:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
an hour ago
- News18
Rupee rises 9 paise to 86.43 against US dollar in early trade
Mumbai, Jul 28 (PTI) The rupee appreciated 9 paise to 86.43 against the US dollar in early trade on Monday, tracking a softer greenback, though the upside for the local unit was limited as US-India tariff negotiations remained in focus. Forex traders said the rupee was trading in a narrow range as the demand for dollar from importers continued to keep the American unit well bid against the rupee. Moreover, the support from developing trade agreements was negated by the sustained foreign fund outflows, they said. At the interbank foreign exchange, the domestic unit opened on a positive note and touched 86.43 against the greenback in initial deals, higher by 9 paise from its previous closing level. On Friday, the rupee declined 12 paise to settle at 86.52 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 97.61. Brent crude, the global oil benchmark, went up by 0.48 per cent to USD 68.77 per barrel in futures trade, supported by developing trade agreements. Brent oil prices edged up from three week lows in Asian trading to USD 68 per barrel after EU and US reached a trade agreement that eased tariff concerns and boosted future energy demands, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. The investors are now watching developments from FED which begins its two-day policy meeting from Tuesday, Bhansali said. 'The Indian rupee is expected to be steady near 86.47 after the European deal was done but India is still away from a conclusive deal," Bhansali said, adding that the month-end demand may keep the rupee stable. Meanwhile, in the domestic equity market, Sensex declined 67.43 points or 0.08 per cent to 81,395.66, while Nifty fell 14.25 points or 0.06 per cent to 24,851.25. Foreign institutional investors (FIIs) offloaded equities worth Rs 1,979.96 crore on a net basis on Friday, according to exchange data. Meanwhile, India's forex kitty declined by USD 1.183 billion to USD 695.489 billion during the week ended July 18, the RBI said on Friday. In the previous week, the overall kitty had dropped by USD 3.064 billion to USD 696.672 billion. The reserves had touched an all-time high of USD 704.885 billion at end-September 2024. PTI DRR ANU ANU view comments First Published: July 28, 2025, 10:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
3 hours ago
- News18
Ports, cities, sports on agenda of Andhra Pradesh CMs day two of Singapore tour
Amaravati, July 28 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu, on the second day of his five-day Singapore tour, will focus on port-led development, urban planning and international sports collaboration. According to a press release, Naidu is slated to hold a meeting with Singapore's Minister for Trade and Industry Tan See Leng on Monday morning, discussing energy, science, technology, and industrial cooperation between Singapore and Andhra Pradesh. 'On the second day of his five-day visit to Singapore, Naidu will hold meetings with several organisational heads, including representatives of the Singapore government. The discussions will centre around urban development, sports, and port-led industrial growth," said the release. The chief minister is scheduled to meet Airbus representatives, followed by an interaction with Honeywell officials to discuss industrial technology collaborations. Naidu will participate in a Business Round Table titled 'From Skills to Competencies, accelerating Workforce Transformation'. Students from the National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU), and Singapore University of Technology and Design (SUTD) will attend. He is expected to meet Simon Tan, Chairman of EverVolt, to explore green energy and battery storage solutions, followed by a visit to Singapore Sports School. The TDP supremo will visit the Tuas Port and later meet Port of Singapore Authority CEO Vincent to discuss smart logistics, export infrastructure and large-scale industrial clusters. Naidu will present Andhra Pradesh's development roadmap at the Andhra–Singapore Business Forum in the afternoon, followed by a strategic meeting with Adani Ports MD Karan Adani in the evening. PTI MS GDK NSD NSD (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 28, 2025, 08:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.