
Air India announces ₹25 lakh interim payment to families of deceased, survivor in Ahmedabad plane crash
Air India Plane crash: Air India will be providing an interim payment of ₹ 25 lakh each to the families of the deceased and to the survivor of the Ahmedabad plane crash to help address immediate financial needs, the Tata Group owned airline announced on Saturday.
The latest amount announced will be paid in addition to the Tata Son's previously promised compensation of ₹ 1 lakh to families of each passenger who lost their lives in the deadly crash, stated Air India.
As many as 270 people, including MBBS students, a resident PG doctor were killed after an Air India plane — a Boeing 787 — smashed into BJ Medical College's hostel in Ahmedabad on Thursday, June 12. Only one passenger who was seated on 11A at the time of the crash, miraculously survived.
Air India's statement
Yesterday, Natarajan Chandrasekaran, chairman of the Tata Group, described 12 June as one of the "darkest days in the Tata Group's history" in an internal letter to employees.
All 241 passengers aboard the ill fated flight, including former Gujarat CM Vijay Rupani lost their lives in the deadly crash. Only one Indian-born British national — Ramesh Vishwaskumar miraculously survived.
Aged 40-years, Ramesh Vishwaskumar was visiting India to meet his elder brother, Ajay Kumar Ramesh, who was also travelling with him in the same aircraft.
'I was scared. I stood up and ran. There were bodies all around me,' Ramesh told Hindustan Times, adding that 'there were pieces of the plane scattered everywhere.'
Earlier in the day, Indian Medical Association (IMA) wrote to Air India, demanding ₹ 1 crore each to the doctors and people who lost their lives around the hostel.
The IMA president Dr Anil Kumar J Nayak also sought Tata Group Chairman N Chandrasekaran to announce a package after conducting a survey for any student or resident who is injured or disabled.
The aviation ministry said that the last message of the pilot before crashing was 'Mayday', adding that the flight had climbed 650 feet in the air before it started descending.
Hashtags

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


Time of India
29 minutes ago
- Time of India
Britain's finance minister signals possible support for Israel in Iran conflict
Britain could potentially support Israel in its conflict with Iran, but the decision to send additional military jets to the Middle East was made mainly to protect British bases and personnel, British finance minister Rachel Reeves said on Sunday. Israel and Iran launched fresh attacks on each other overnight into Sunday. Prime Minister Benjamin Netanyahu said the attacks by Israel so far were nothing compared with what Iran would see in the coming days. Speaking to Sky News, Reeves called for a de-escalation in the conflict and said the decision to send additional jets to the region was a "precautionary move". Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Asked if Britain would come to Israel's aid if asked, Reeves said: "We have, in the past, supported Israel when there have been missiles coming in." She added: "We're sending in assets to both protect ourselves and also potentially to support our allies." Live Events Britain was involved last year in protecting Israel from missile attacks from Iran. In April, British planes shot down Iranian drones heading for Israel and in October it said two of its fighter jets and an air-to-air refuelling tanker were involved in trying to intercept Iranian missiles. The jets did not engage any targets.

Mint
an hour ago
- Mint
Upcoming IPOs: Arisinfra Solutions, five SME IPOs, and five listings to hit Dalal Street next week — Check details here
Upcoming IPOs: The Indian stock market's primary issue portion is set to witness significant activity in the upcoming week starting Monday, 16 June 2025, with a series of initial public offerings (IPOs) opening for public subscription. In addition to other listings, the stock market will witness the opening of one mainboard IPO and five small and medium enterprise (SME) IPOs. Chittorgarh data highlights that companies like Samay Project Services, Patil Automation, Eppeltone Engineers, Influx Healthtech, and Mayasheel Ventures are poised to open for public bidding in the SME segment, while Arisinfra Solutions will be the only IPO in the mainboard segment. Arisinfra Solutions Ltd, a construction materials provider to the realty, infrastructure developers and contractors, aims to raise funds from the stock market through a complete fresh issue of equity shares for public bidding. The company supplies materials such as Steel GI pipes, MS wire, MS TMT Bars, soil, sand, OPC, and wall putty, according to the official website. The IPO is a fresh issue of 2,25,04,324 or over 2.25 crore equity shares as the firm aims to raise nearly ₹ 499.60 crore from the book-built issue. However, there is no offer-for-sale (OFS) component for this initial public offering. Arisinfra Solutions seeks to use the proceeds from the IPO to repay or prepay loans, support the company's working capital requirements, and invest in a subsidiary. They also disclosed plans for a potential unidentified acquisition, while the remaining funds will be used for general corporate needs. The company has fixed the price band for the public issue in the range of ₹ 210 to ₹ 222 per equity share with a lot size of 67 shares per lot. The IPO will open on Wednesday, 8 June 2025, and is scheduled to close on Friday, 20 June 2025. JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the book-running lead managers for the Arisinfra Solutions IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. 1. Samay Project Services IPO: The Engineering, Procurement, and Construction (EPC) services firm Samay Project Services is offering an entirely fresh issue of 43.20 lakh equity shares as the company aims to raise nearly ₹ 14.69 crore from the stock market. The firm has fixed the price band for the public issue in the range of ₹ 32 to ₹ 34 per share with a lot size of 4,000 shares per lot. Retail investors need a minimum investment amount of ₹ 1.28 lakh. Smart Horizon Capital Advisors Pvt. Ltd is the book runner for the issue, while Bigshare Services Pvt. Ltd is the registrar of the offer. The public issue will be listed on the NSE SME index. The public issue will open on Monday, 16 June 2025, and close on Wednesday, 18 June 2025. 2. Patil Automation IPO: Patil Automation is a welding and line automation solutions provider that is offering a fresh issue of ₹ 58.01 lakh equity shares to raise nearly ₹ 69.61 crore from the public markets. The company has fixed the price band for the public issue in the range of ₹ 114 to ₹ 120 per share, with a lot size of 1,200 shares per lot. Retail investors need a minimum investment amount of ₹ 1.368 lakh. The public issue will open on Monday, 16 June 2025, and close on Wednesday, 18 June 2025. Seren Capital Pvt. Ltd is the book-running lead manager for the IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the offer. Mansi Share & Stock Broking Pvt. Ltd is the market maker for the SME IPO. The issue will be listed on the NSE SME index after the bidding rounds. 3. Eppeltone Engineers IPO: Eppeltone Engineers is offering a fresh issue of 34.34 lakh shares with the aim to raise nearly ₹ 43.96 crore from the Indian stock market. The company has fixed the price band for the issue in the range of ₹ 125 to ₹ 128 per share, with a minimum lot size of 1,000 shares per lot. The IPO will be listed in the NSE SME index. Retail investors will require a minimum investment of ₹ 1.25 lakh for the IPO bid of one lot. Expert Global Consultants Private Limited is the book-runner, while Skyline Financial Services Private Ltd is the registrar to the offer. Prabhat Financial Services Ltd is the market maker for the IPO. The public issue will open on Tuesday, 17 June 2025, and close on Thursday, 19 June 2025. 4. Influx Healthtech IPO: Influx Healthtech is offering a fresh issue of 50 lakh shares, amounting to ₹ 48 crore and an offer-for-sale (OFS) component of 11 lakh shares, amounting to ₹ 10.56 crore. The company aims to raise nearly ₹ 58.57 crore from the Indian stock market. The price band for the IPO has been fixed in the range of ₹ 91 to ₹ 96 per share, with a lot size of 1,200 shares per lot. Retail investors will be able to invest a minimum of ₹ 1.092 lakh for the subscription of a single lot. Rarever Financial Advisors Pvt. Ltd is the book-runner for the public issue, while Maashitla Securities Private Limited is the registrar to the offer. R.K. Stock Holding Pvt. Ltd is the market maker for the SME IPO. The public issue will open on Wednesday, 18 June 2025, and is scheduled to close on Friday, 20 June 2025. 5. Mayasheel Ventures IPO: Mayasheel Ventures is offering a fresh issue of 55.14 lakh shares as the firm aims to raise nearly ₹ 27.28 crore from the Indian stock market. The company fixed the price band in the range of ₹ 44 to ₹ 47 per share with a lot size of 3,000 shares per lot. Retail investors can subscribe to the IPO with a minimum investment of ₹ 1.32 lakh. Narnolia Financial Services Ltd is the book-running lead manager for the IPO, while Maashitla Securities Private Limited is the registrar for the offer. Prabhat Financial Services is the market maker for the public issue. The IPO will open for public bidding on Friday, 20 June 2025, and will close on Tuesday, 24 June 2025. 1. Sacheerome IPO: Sacheerome IPO is expected to be listed on Monday, 16 June 2025, in the NSE SME index. 2. Jainik Power and Cables IPO: Jainik Power and Cables IPO is expected to be listed on the NSE SME index on Tuesday, 17 June 2025. 3. Monolithisch India IPO: Monolithisch India IPO will close for final bidding on Monday, 16 June 2025. The estimated listing date is Thursday, 19 June 2025 on the NSE SME index. 4. Aten Papers & Foam IPO: Aten Papers & Foam IPO will close on Tuesday, 17 June 2025, and the estimated date of listing for the IPO on the BSE SME index is Friday, 20 June 2025. 5. Oswal Pumps IPO: The Oswal Pumps IPO will close for public subscription on Tuesday, 17 June 2025, and the estimated date of listing on both the BSE and NSE indices is Friday, 20 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
an hour ago
- Mint
Buy or sell: Ganesh Dongre of Anand Rathi recommends three stocks to buy on Monday — 16 June 2025
Buy or Sell: This week, Indian equity markets witnessed notable profit booking towards the end, largely influenced by escalating geopolitical tensions between Iran and Israel. After consolidating within the 24,500–25,200 range, the Nifty ended the week with a modest decline, closing 368 points lower at 24,718. Despite the global uncertainty, Nifty managed to hold above the key 24,500 support level, demonstrating resilience. However, market volatility surged sharply, with the India VIX rising by 8%, closing at 15.08 for the week. In our previous outlook, we highlighted the 25,200–25,300 zone as a crucial technical resistance area. This zone corresponds to the 78.6% Fibonacci retracement of the broader market correction and remains a significant barrier for bullish continuation. Technically, as long as the index sustains above the 24,000–24,500 range, which aligns with the 50% retracement zone, the market undertone remains strong. A breakdown below 24,000 could signal a potential short-term top. Conversely, consistent closing above the 24,000–24,500 zone on a weekly and monthly basis would strengthen bullish prospects, opening the path toward the 25,600 level in the coming weeks. A sustainable breakout above 25,200–25,300 remains essential to trigger a fresh leg of bullish momentum. Until then, a cautious and stock-specific approach is advised, especially given the heightened geopolitical risk. Bank Nifty also faced selling pressure, declining by approximately 2% over the week. The index closed near its key support level at 55,500. Immediate support is now placed at 55,000–54,800, which aligns closely with the 100% retracement level of the recent move, while resistance is observed near the 57,000 mark. Looking ahead, if Bank Nifty manages to hold above the 55,000 level, a recovery towards 57,000–57,500 is possible. However, unless a strong breakout and close above 57,000 is seen, traders should maintain a cautious stance. Both Nifty and Bank Nifty have managed to close above their respective monthly support levels — Nifty: 23,600 and Bank Nifty: 54,000 However, immediate resistance at 25,200–25,300 for Nifty and 57,000 for Bank Nifty will play a pivotal role in defining the near-term trend. 1. Bharat Electronics Ltd (BEL): Buy at ₹ 390-395; Target Price at ₹ 420; Stop Loss at ₹ 375. 2. CESC Ltd (CESC): Buy at ₹ 163-164; Target Price at ₹ 180; Stop Loss at ₹ 156. 3. Indian Bank Ltd (INDIANB): Buy at ₹ 620-625; Target Price at ₹ 650; Stop Loss at ₹ 610. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.