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Mavcom to hand over regulatory functions to CAAM from Aug 1
Mavcom to hand over regulatory functions to CAAM from Aug 1

The Star

time13 hours ago

  • Business
  • The Star

Mavcom to hand over regulatory functions to CAAM from Aug 1

Mavcom executive chairman Datuk Seri Saripuddin Kasim KUALA LUMPUR: The Malaysian Aviation Commission (Mavcom) will transfer its regulatory functions and responsibilities over to the Civil Aviation Authority of Malaysia (CAAM) from Aug 1, 2025. In a statement, Mavcom said the rationalisation of the two entities - which was announced by the Minister of Transport in June - will be implemented in accordance with the Malaysian Aviation Commission (Dissolution) Act 2024 [Act 856]. The functions assumed by CAAM will include, but are not limited to, licensing, allocation of Air Traffic Rights (ATR), airport development, Rural Air Services (RAS), economics and competition matters, as well as general regulatory oversight. CAAM will also oversee the management of digital platforms such as AeroFile and AeroLicence for processing overflight and landing permits, as well as licensing applications. Stakeholders are encouraged to visit for the latest updates and to access these services "Our priority is to ensure a smooth and seamless transition with minimal disruption to stakeholders and the public. The sustainability and continued growth of Malaysia's aviation industry remain at the forefront of our efforts throughout this process," said Mavcom executive chairman Datuk Seri Saripuddin Kassim. All Mavcom's consumer platforms will remain fully operational during and after Aug 1, 2025. Consumers may continue to lodge complaints on airlines or airports through the existing FlySmart website and mobile app. Any future updates to contact information will be communicated via CAAM's official channels.

More complaints pending with Sebi than it resolved last month, reveals latest SCORES data
More complaints pending with Sebi than it resolved last month, reveals latest SCORES data

Mint

timea day ago

  • Business
  • Mint

More complaints pending with Sebi than it resolved last month, reveals latest SCORES data

When investors encounter any problem relating to stock markets or a listed company, they can first approach the entity concerned. Later, when the problem does not get resolved, they can file a complaint with SCORES, which is online grievance redressal platform provided by the capital markets regulator Sebi. The regulator recently shared the latest data with regards to the number of complaints that were resolved and pending at the end of June 2025. The data reveals that there are 5,107 pending complaints in comparison to 4,563 that were pending a month ago. This means an increase of 11.9 percent in the number of complaints filed. Particulars Data Complaints pending on May 31 4,563 Complaints received during June 4,959 Pending on June 30, 2025 5,107 Complaints disposed during June 2025 4,415 Average resolution time (in days) ATR 8 Complaints disposed during June stand at 4,415 which is 10 percent less than the number of complaints received (4,959) during this time. Additionally, average resolution time in the number of days for issuing action taken report (ATR) stood at eight days in June, reveals Sebi data. 1. Complaints are automatically forwarded to entity which is given 21 days to submit the action taken report (ATR) to investor. 2. Investor can opt for the first-level review within 15 days if not satisfied with the ATR. The complaint is shown in the pending list for 15 days despite ATR is submitted by entity. 3. If investor does not opt for review, the complaint is disposed off. If investor opts for first-level review, the designated body will take up the complaint and submit action taken report. 4. Now, the investor will have a time of 15 days to opt for second level review if not satisfied with the ATR submitted by designated body. The complaint is shown in pending list for 15 days despite ATR is submitted by Designated Body. 5. Now, when the investor does not go for the review, the complaint is then disposed. 6. However, if investor now goes for the second level review, the SEBI will take up the complaint and submit action taken report. 7. Complaint is also treated as disposed if the investor opts for Online Disputes Redressal (ODR) mechanism. For all personal finance updates, visit here

Karan Johar lashes out at troll calling him nanny of nepo kids: Do some work
Karan Johar lashes out at troll calling him nanny of nepo kids: Do some work

News18

timea day ago

  • Entertainment
  • News18

Karan Johar lashes out at troll calling him nanny of nepo kids: Do some work

New Delhi, Jul 21 (PTI) Filmmaker Karan Johar, whose credits include films such as 'Kuch Kuch Hota Hai" and 'My Name Is Khan", slammed a troll on social media for addressing him as 'nanny of nepo kids" and called for lesser negativity. Johar shared a post on his Instagram handle on Monday praising 'Saiyaara" actors, Ahaan Panday, who made his acting debut, and Aneet Padda, known for featuring in web series 'Big Girls Don't Cry" and the Kajol-starrer film 'Salaam Venky". Directed by Mohit Suri, 'Saiyaara" was released on July 18 and has garnered a positive response from the audience. Johar penned a heartfelt note and also called the film Suri's best directorial. In the same post, one of the users left a comment pointing out Johar, but the filmmaker was ready to answer. The comment under the post read, 'A gaya nepo kid ka daijaan (here comes the nanny of nepo kids)". Johar responded by saying, 'Chup kar!!! Ghar baithe baithee negativity mat paal! Do bachon ka kaam dekh !! Aur khud kuch kaam kar (Shut up. Don't breed negativity while sitting at home. Watch the work by two kids and do some work yourself)." The filmmaker often faces negativity when it comes to the topic of nepotism as he has launched several star kids, including Alia Bhatt, Varun Dhawan, Janhvi Kapoor, and Ananya Panday. 'Saiyaara" collected Rs 21.25 crore at the box office on its opening day. The film has emerged as the biggest opening day release ever for a debutant-led film, a career-best opening for the director Suri, and the highest opening day for a love story. It is described as an intense love story of a young couple and is backed by Yash Raj Films (YRF). Johar is gearing for the release of his next, 'Dhadak 2", which he is producing alongside Hiroo Johar, Apoorva Mehta, Somen Mishra, Adar Poonawalla, Umesh Bansal, Meenu Arora. Directed by Shazia Iqbal, the film stars Tripti Dimri and Siddhant Chaturvedi and is slated to release in theatres on August 1. PTI ATR ATR ATR view comments First Published: July 21, 2025, 13:00 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.

Rishab Shetty wraps shooting for Kantara: Chapter 1
Rishab Shetty wraps shooting for Kantara: Chapter 1

News18

timea day ago

  • Entertainment
  • News18

Rishab Shetty wraps shooting for Kantara: Chapter 1

Agency: PTI Last Updated: New Delhi, Jul 21 (PTI) The shooting of Rishab Shetty's much-anticipated directorial 'Kantara: Chapter 1" has concluded, the makers said on Monday. Slated to release in theatres worldwide on October 2, the pan-India movie from Hombale Films is the prequel to 2022's National Award-winning 'Kantara", also written and fronted by Shetty. Production banner shared the news with a post on its official Instagram handle. The makers also released the BTS (behind the scenes) video from the set. 'Wrap Up… The Journey Begins. Presenting #WorldOfKantara ~ A Glimpse into the making. #KantaraChapter1 has been a divine journey, deeply rooted in our culture, brought to life with unwavering dedication, relentless hard work, and incredible team spirit. Can't wait to see you all in theatres on October 2nd, as this legendary tale unfolds on big screens worldwide," read the caption of the post. The story of 'Kantara" was set around a small community living in the woodlands of Kaadubettu in the southern coastal state of Karnataka. 'Kantara", which was mounted on a reported budget of Rs 16 crore, went on to earn over Rs 400 crore across the globe. It won the National Award for Popular Film Providing Wholesome Entertainment and earned Shetty his first best actor National Award at the 70th National Film Awards. PTI ATR ATR ATR 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.

Who was owner of land on which Mukesh Ambani and Nita Ambani's Rs 15000 crore Antilia is built? Ambanis bought the land for only Rs...
Who was owner of land on which Mukesh Ambani and Nita Ambani's Rs 15000 crore Antilia is built? Ambanis bought the land for only Rs...

India.com

time2 days ago

  • Business
  • India.com

Who was owner of land on which Mukesh Ambani and Nita Ambani's Rs 15000 crore Antilia is built? Ambanis bought the land for only Rs...

Mukesh Ambani and Nita Ambani's Antilia (File) Mukesh Ambani and Nita Ambani's Antilia: If you know about luxurious house of India, you would also know about Mukesh Ambani and Nita Ambani's Antilia which is one of the most luxurious residences in the world. Valued at an astonishing Rs 15,000 crore, the opulent mansion of the Ambani family was designed by the American architecture firm Perkins and Will. Built at an estimated cost of $2 billion (around Rs 17,400 crore), the luxurious home is packed with top-tier features like a fully equipped gym, spa, multiple swimming pools, a theater, lush terrace gardens, a private temple, and even a dedicated health center. But do you know how much Mukesh Ambani paid for the land on which this grand residence stands? Here's a look at the fascinating history behind the plot where Antilia was built. How Mukesh Ambani brought land for Antilia AIMIM leader Asaduddin Owaisi and Lok Sabha Member of Parliament made a statement claiming that the land on which Mukesh Ambani and Nita Ambani's luxurous building, Antilia was built originally belonged to a Waqf trust and billionaire Mukesh Ambani brought it for his dream home. As per multiple media reports, it is being suggested that the property on which Mukesh Ambani and Nita Ambani's Antilia is built was donated to the Waqf Board back. The report also said that the land was donated by Kareem Bhai Ibrahim in 1986, which was later brought by Mukesh Ambani in 2012. The reports also say that original owner of the land, Kareem Bhai Ibrahim had allegedly given the land for religious, education and orphanage purposes, but breaking the rules, the land was sold to Reliance Industries Chairman, Mukesh Ambani for commercial purpose (building his home) at a rate of Rs 21 crore. What is Waqf board's claim on Mukesh Ambani and Nita Ambani's Antilia? The land deal related to Mukesh Ambani and Nita Ambani's Antilia came into controversy due to the Waqf Board's claim, which quoted a Action Taken Report (ATR) which was presented in the Maharashtra Assembly. Notably, the ATR has said that the property of the Waqf Board cannot be sold for private use but only for the mentioned reason.

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