Air India cancels Delhi-Paris flight due to hydraulic leak; Report
Air India has cancelled its scheduled flight from Delhi to Paris following a hydraulic system leak on Tuesday, further adding to a day of travel disruptions that saw another international flight — Ahmedabad to London Gatwick (AI 159) — also being abruptly cancelled, citing operational issues.
As per reports, the Air India flight on the Delhi-Paris sector was grounded due to hydraulic leak, a critical system that controls various flight operations including landing gear and brakes.
Earlier in the day, Air India cancelled flight AI 159 from Ahmedabad to London Gatwick, originally scheduled to depart at 1:10 PM. It was briefly rescheduled to 3:00 PM, but was officially cancelled by 1:45 PM. The aircraft assigned for this route was a Boeing 787-8 Dreamliner.
While no technical reason was given for the London-bound flight's cancellation, airport sources have indicated passengers will be rerouted via alternate flights. An irate traveller told ANI, 'I was travelling to London… but it has been cancelled. The crew did not provide any reason or details about a refund.'
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
an hour ago
- Associated Press
AML Group and The Nursery Research & Planning publishes the annual Investor Index survey
London, England, United Kingdom, June 17, 2025 -- Now in its sixth year, the Investor Index, is an annual in-depth survey of investor behaviours conducted among 1100 UK adults (18+) with a minimum of £10,000 invested. Conducted jointly by London-based communications agency AML Group and The Nursery Research & Planning, the study has established itself as a rigorous barometer of investor practices based on hard data. THE RISE AND RISE OF CHATGPT ChatGPT usage among UK investors has risen 11% to 33% in the past 12 months - with that figure rising to 70% among younger investors (18-34). Across the board, 77% of all UK investors believe that Chat GPT could provide reliable financial advice. INVESTING WITH A CONSCIENCE & CRYPTO 26% of UK investors hold crypto as part of their investment portfolio (a rise of 5%) and ESG (Environmental, Social and Governance) investments are also gaining traction with 72% of younger investors (18-34) looking to invest in funds that consider their social and environmental impact. A trend that suggests a mindset that's not just pragmatic, but future-oriented. CONFIDENCE HOLDS FIRM AMID CHAOS AS NEW INVESTORS STEP UP Investor confidence has held steady in 2025 at 103, just two points below last year's high of 105 and well above the post-pandemic lows (62 in 2020 and 82 in 2021). The index score, based on a pre-pandemic confidence benchmark of 100, is especially notable this year as the survey landed during the height of the tariffs crisis, a period of heightened market tension. This resilience reflects a new investor mindset with 47% of younger investors stating that they see the current situation as an opportunity. NEW LEADERSHIP FAILS TO WIN THE INVESTORS' VOTE 65% of UK investors predicted that a change in political leadership would have a positive impact on their investments but fast-forward 12 months and only 35% feel the election has impacted positively on the value of their investments with 46% stating that it has had a negative impact. But opinion is divided. Younger investors (18-34) see the new political chapter as an opportunity, with 72% stating that the 'change in guard' has had a positive impact on their investments. SUMMARY OF FINDINGS: 46% of UK investors feel that the elections (both in UK and globally) have had a negative impact on their investments. 72% of younger investors (18-34) see the new political chapter as having a positive impact. 11% increase in Chat GPT usage amongst UK investors in the past 12 months. 77% of all UK investors believe that Chat GPT could provide reliable financial advice. 26% of UK investors hold crypto - a rise of 5%. 44% of investors say that it is important that their investment funds consider their environmental and social impact - a rise of 5%. 72% of younger investors look to invest in funds that consider their social and environmental impact – a rise of 20% year on year. 47% of younger investors stated that they see the current situation as an opportunity. 67% of UK investors say long-term investing is more important than ever. Contact Info: Name: Tank Top PR Email: Send Email Organization: Tank Top PR Website: Release ID: 89162350 In case of encountering any inaccuracies, problems, or queries arising from the content shared in this press release that necessitate action, or if you require assistance with a press release takedown, we urge you to notify us at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be readily available to promptly address your concerns within 8 hours, resolving any identified issues diligently or guiding you through the necessary steps for removal. The provision of accurate and dependable information is our primary focus.
Yahoo
an hour ago
- Yahoo
Polus holds €425 million initial close for third CLO equity fund
One of Europe's largest raises of its kind highlights Polus' leadership in the CLO and leveraged credit markets. LONDON, June 17, 2025 /CNW/ -- Polus Capital Management ("Polus"), an investment management firm specialising in alternative credit strategies, is pleased to announce the initial close of its third CLO equity fund, Polus Loan Investments III ("PLI III"), with €425 million of commitments (approximately $485 million). The close represents one of Europe's largest CLO equity capital raises to date and underscores the firm's continued leadership in the global leveraged credit market. PLI III will invest in the equity tranches of Polus-managed CLOs – actively managed vehicles comprising diversified portfolios of broadly syndicated leveraged loans – as well as other CLO tranches and credit investments. Since launching its CLO management platform in 2006, Polus' Leveraged Credit team has raised approximately $12.7 billion globally including 21 new issues, 5 resets, and 6 refinancings.[1] The firm's CLO Equity Strategy has delivered consistent quarterly distributions for over a decade with an average net distribution yield to investors in the high teens.[2] Building on its success in Europe, Polus recently expanded its CLO management platform into the US, issuing its inaugural US CLO in 2024. The successful transition to a global CLO management platform reflects the firm's strong following and reputation among institutional investors globally. Since 2014, Polus has raised more than $1 billion in committed capital to invest in Polus-managed CLOs and other credit investments across Europe and the US.1 PLI III marks the firm's largest CLO equity capital raise to date, providing significant runway for future CLO issuance while maintaining a focus on delivering strong risk-adjusted returns for investors.[3] Polus' Leveraged Credit team brings nearly two decades of structuring, investment, and trading experience within CLOs. The team has invested approximately $21 billion across more than 2,100 broadly syndicated leveraged loans since inception and is currently invested in more than 500 issuers across Europe and the US.[4] Nicholas Chalmers, Chief Executive Officer at Polus Capital Management, said: "We are very proud of the performance of our Leveraged Credit team and CLO management platform. The strong initial close for PLI III reflects investors' confidence in our investment process and in the consistency of our track record. As one of Europe's largest CLO equity closes to date, this milestone reinforces our role as a trusted long-term partner to institutional investors seeking high yield and diversification through alternative credit strategies." Notes for Editors About Polus Capital Management Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Polus has approximately $13 billion in assets under management1 and invests across the capital structure and liquidity spectrum, focusing on three complementary investment verticals: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York. Media Enquiries Greenbrook – Rob White / Ksenia Galouchko polus@ +44 207 952 2000 [1] Assets Under Management and Advice: AUM figures include assets under management and advice of Polus group companies as well as CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of Polus nor of each other, but Polus established them as independent CLO managers and provides them with key support services ("Services"). AUM figures are estimated as at 31 May 2025 and include the initial close commitments to PLI III and other uncalled commitments. AUM figures are subject to rounding and FX fluctuations. Metrics related to the past and present investment activity of the Leveraged Credit team includes leveraged loans and high yield bonds managed by Polus in CLO vehicles, single investor solutions and commingled funds, as well as leveraged loans and high yield bonds managed in CLO vehicles by CLI I and CLI II. [2] Performance Notes: Past performance is not necessarily indicative of future performance and future returns are not guaranteed. Securities and derivatives trading are speculative and involve substantial risk of loss. Performance may increase or decrease as a result of FX fluctuations. "CLO Equity Strategy" refers to the strategy Polus carried out through CLI I and/or CLI II. An investment in CLI I and/or CLI II provides investors with exposure primarily to the equity tranche of Polus-managed CLOs plus a revenue share in the collateral management fees earned by CLI I and CLI II for managing the CLOs. "Polus-managed CLOs" refers to CLOs managed or serviced by Polus' Leveraged Credit team, including CLOs managed by CLI I or CLI II, which share or have shared a common investment team with Polus through the provision of Services. Neither CLI I nor CLI II charged a management fee or incentive fee to investors in CLI I or CLI II. Accordingly, net returns for an investment in CLI I and CLI II assume no management fee or incentive fee but do include expenses related to the operating cost of CLI I and CLI II, respectively. Further details of expenses are available upon request. The return to investors in CLI I and CLI II comprises primarily the return from investments in the equity tranche of Polus-managed CLOs (which is, by definition, net of management fees and, where applicable, incentive fees applied at the level of the CLO), but also includes a revenue share in the management fees earned by CLI I and CLI II for managing the CLOs. Performance figures have been calculated by Polus and have not been independently verified. The composite aggregate net performance statistics for the CLO Equity Strategy (e.g. net distribution yield) are based on actual performance data of CLI I and CLI II as if they had been one continuous vehicle, utilising the weighted average of the two vehicles based on their respective sizes during the period for which the vehicles overlap, over the period from 2014 to present. The actual performance of an investment in CLI I or CLI II will vary from the composite performance and no representation is made that any vehicle or investor will or is likely to achieve the results shown. Performance figures have been calculated by Polus using the official internal records and investor reporting data and have not been independently verified. [3] PLI III: There can be no assurance that PLI III will achieve results comparable to any past results, that the returns generated by PLI III will equal or exceed those of CLI I, CLI II or any other funds or accounts advised, sponsored or managed by Polus or that PLI III will be able to implement its investment strategy or achieve its investment objectives. Prospective investors should review PLI III's offering documents for additional important information regarding risks of investing and potential conflicts of interest associated with PLI III. PLI III will only accept investments from institutional investors (i.e. accredited investors in the US or other 'professional investors'). [4] Team: Certain members of the Leveraged Credit Team may not have performed or provided services to Polus, CLI I or CLI II and may not necessarily have held such positions or been employed by Polus, in each case as applicable, for the entire term of the team's operating history. Similarly, such persons may not necessarily continue to hold such positions with or provide services to Polus, CLI I or CLI II (as applicable) in the future. View original content: SOURCE Polus View original content:
Yahoo
an hour ago
- Yahoo
UK watchdog fines 23andMe over 2023 data breach
The U.K. data protection watchdog has fined 23andMe £2.31 million ($3.1m) for failing to protect U.K. residents' personal and genetic data prior to its 2023 data breach. The Information Commissioner's Office (ICO) said on Tuesday it has fined the genetic testing company as it 'did not have additional verification steps for users to access and download their raw genetic data' at the time of its cyberattack. In 2023, hackers stole private data on more than 6.9 million users' over a months-long campaign by accessing thousands of accounts using stolen credentials. 23andMe did not require its users to use multi-factor authentication, which the ICO said broke U.K. data protection law. The ICO said over 155,000 U.K. residents had their data stolen in the breach. In response to the fine, 23andMe told TechCrunch that it had rolled out mandatory multi-factor authentication for all accounts. The ICO said it is in contact with 23andMe's trustee following the company's filing for bankruptcy protection. A hearing on 23andMe's sale is expected later on Tuesday. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
