&w=3840&q=100)
Air India cancels Singapore-Chennai flight due to technical issue
Press Trust of India New Delhi
Air India on Sunday cancelled its flight from Singapore to Chennai due to a technical issue.
The flight AI349 was to be operated with an Airbus A321.
In a statement on Sunday, the airline said the flight AI349 scheduled to operate from Singapore to Chennai has been cancelled due to a maintenance task identified prior to departure which required additional time for rectification.
"Arrangements are being made to fly the passengers to Chennai at the earliest. Hotel accommodation is being provided, and full refunds on cancellation, or complimentary rescheduling is also being offered to passengers based on their preference," Air India said.
According to the airline, ground colleagues in Singapore are making every possible effort to minimise the inconvenience caused to the passengers due to this unforeseen disruption.
In recent days, some of the Air India planes have faced technical snags.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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


Hindustan Times
20 minutes ago
- Hindustan Times
FAA raises alarm over RAT fittings on Boeing 787-9 and 787-10 aircraft: Report
The US Federal Aviation Administration (FAA), in a recent safety alerm, has reportedly raised concerns about possible defects in the ram air turbine (RAT) forward fittings on select Boeing 787-9 and 787-10 aircraft, following alerts from several suppliers that the parts may have been made using inferior-quality titanium. Vistara has seven Boeing 787-9 aircraft in its fleet that are now flying for Air India.(Pic for representational purpose only) The Times of India reported that following the FAA's concerns, operators of Boeing 787-9 and B787-10 models will have to check their RAT forward fittings to 'address the unsafe condition'. The FAA proposal came following reports indicating the same 'were possibly manufactured with an incorrect titanium alloy material'. The Tata-owned erstwhile Vistara has seven Boeing 787-9 aircraft in its fleet that are now flying for Air India. This condition, 'if not addressed, could result in loss of backup hydraulic and/or electrical power as well as the RAT module departing (snapping off) from the airplane," the report quoted the FAA as saying. A RAT is a small, foldable turbine in aircraft that provides emergency power during system failures. It deploys into the airstream and generates electricity or hydraulic pressure using airflow. RAT ensures essential functions like flight controls and navigation remain operational if main power sources fail. The RAT was deployed on Air India flight 171, which crashed in Ahmedabad seconds after take-off on June 12. The pre-merger Air India operates Boeing 787-8 Dreamliner variants (including the one involved in the Ahmedabad crash) and might not be subject to this inspection, the report added. 'We issued guidance to our B787-9 and B787-10 customers in Feb 2025 and fully support the FAA's proposal to make that guidance mandatory. The in-service fleet can continue normal operations,' the newspaper reported, citing a statement from Boeing. The FAA said, 'The titanium material that was possibly used is a Grade 1 or 2 commercially pure unalloyed titanium, which has significantly reduced strength, fatigue and damage tolerance properties… A RAT forward fitting that was possibly manufactured with the incorrect titanium alloy material could fail when the RAT is deployed.' 'The FAA is issuing this 'notice of proposed rule-making' after determining that the unsafe condition described previously is likely to exist or develop on other products of the same type design,' it added. According to some reports, the FAA warned that this discrepancy could result in failures during RAT deployment. If this scenario occurs, it could compromise the backup power supply or even lead to the RAT detaching during flight. The ramifications for in-flight safety are significant, even though the number of affected aircraft is currently limited.
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
RBI MPC Meet August 2025: When and where to watch the rate decision live
The Governor of the Reserve Bank of India (RBI) Sanjay Malhotra will announce the Monetary Policy Committee's (MPC's) August meeting outcome at 10 am on Wednesday. Malhotra's address will be streamed live on the central bank's YouTube channel, X account, and its official website. The address will be followed by a press conference at noon. You can also follow live reports of the RBI's policy announcement on Business Standard 's RBI MPC Live Blog. When does the MPC meeting take place? The MPC meeting is held bi-monthly to decide the interest rates, and project inflation and growth estimates. The remaining MPC meetings for the financial year 2025-26 (FY26) are scheduled for September 29-October 1, December 3-5, and February 4-6, 2026. What to watch out for? The committee is likely to reduce the inflation forecast for FY26. In June, the MPC revised its FY26 Consumer Price Index (CPI)-based inflation forecast to 3.7 per cent, down from 4 per cent, citing benign food prices and a favourable monsoon. Retail inflation, as measured by CPI, eased to 2.1 per cent in June, down from 2.82 per cent in May. The June reading also remained well below the RBI's medium-term target of 4 per cent. What to expect from the August MPC meeting? Economists are split on the outcome of the August policy direction. According to a poll conducted by Business Standard, while 60 per cent of respondents said that the committee will maintain the status quo, at least 10 respondents predicted a 25-basis point (bp) rate cut. June 2025 RBI MPC highlights In the last MPC meeting held between June 4 and 6, the RBI MPC slashed the repo rate by 50 bps to 5.5 per cent, marking the third straight cut in 2025. The cash reserve ratio was reduced by 100 bps to 3 per cent, and the committee changed its stance from 'accommodative' to 'neutral'. What is repo rate, how will it affect you? The repo rate is the interest rate at which the RBI lends money to commercial banks. It directly impacts consumers because when the repo rate rises, banks often increase loan interest rates, making EMIs for home, car, or personal loans more expensive. On the other hand, a lower repo rate can reduce borrowing costs but may also lead to lower interest on savings and fixed deposits. The 50 bps cut in repo rate in June was followed by a 25 bps cut each in February and April, respectively. Before this, it was kept unchanged for 11 meetings in a row.
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
Britannia Q1 results preview: Check estimates, date & other key details
Britannia Q1 results preview: Biscuit maker Britannia, known for its products Good Day, Bourbon, Jim Jam, is slated to release its first quarter (Q1FY26) results today, August 5, 2025. Britannia Q1 results 2025: Profit estimates Brokerages tracked by Business Standard estimate Britannia's net profit to increase 10 per cent year-on-year (Y-o-Y) on average, to ₹575.65 crore as compared to ₹522 crore. Sequentially, the net profit is expected to rise around 3 per cent from ₹559.9 crore in Q4FY25. Britannia Q1 results 2025: Revenue expectations The company's revenue for the quarter under review is expected to increase 8.7 per cent in the first quarter (Q1FY26), on average, to ₹4,621.05 crore as compared to ₹4,250.3 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis too, the revenue is poised to increase 4 per cent from ₹4,432.2 crore in Q4FY25. How will Britannia fare in Q1FY26? Brokerages decode Kotak Institutional Equities: The brokerage expects 4 per cent year-on-year (Y-o-Y) growth in biscuit volumes, as compared to 3.5 per cent/6 per cent Y-o-Y in Q4/Q3 and 6 per cent Y-o-Y price-mix impact, which is slightly better than Q4 due to the lagged impact of hikes. This shall result in 10 per cent Y-o-Y growth in standalone revenues, as against 9.2 per cent Y-o-Y revenue growth excluding other operating income in Q4. Besides, other operating revenue is likely to decline 25 per cent Y-o-Y as the base quarter included some prior period grants. Consolidated net operating revenue is expected to grow at 8.9 per cent Y-o-Y to ₹4,628.3 crore, as compared to ₹4,250.3 crore. Consolidated gross margin is anticipated to contract 205 basis points (bps) Y-o-Y to 41.3 per cent, due to raw material inflation in commodities such as wheat, palm, oil, cocoa, and milk; partly offset by price hikes/grammage cuts. Earnings before interest, tax, depreciation, and amortisation (Ebitda) margin is likely to rise 30 bps Y-o-Y to 18 per cent, as gross margin contraction may be offset by lower staff cost and advertising and promotion expenses. Emkay Global Financial Services: The high volume base of Q1FY25 at 8 per cent would limit volume growth to 3-4 per cent in Q1FY26, according to Emkay's analysis. With part of the price hikes landing in the market, price growth is expected to accelerate to 6 per cent. A 240 bps gross margin contraction is forecasted amid inflationary raw prices. Ebitda margin is likely to see an expansion of 20 bps Y-o-Y to 17.7 per cent. This would help support 10 per cent Ebitda growth in Q1FY26 to ₹831.6 crore. Lower borrowings, amid high raw material prices, may help with lower interest costs, thus aiding 11 per cent earnings growth. Motilal Oswal Financial Services: Analysts expect 8.5 per cent revenue growth Y-o-Y to ₹4,583.3 crore in Q1FY26, with volume growth of 3 per cent and the remainder driven by price hikes in Q1FY26. Gross profit margin is expected to contract 260 bps Y-o-Y to 40.8 per cent, while Ebitda margin is expected to contract 43 bps Y-o-Y to 17.3 per cent, primarily due to a rise in agri commodity prices. Consolidated Ebitda is pegged at ₹7,92.9 crore as compared to ₹753.7 crore Y-o-Y. Nuvama Institutional Equities: The brokerage estimates overall revenue to grow 8.8 per cent Y-o-Y in Q1FY26 to ₹4,622.3, as compared to ₹4,250.3 crore. Volumes are likely to increase by 3 per cent Y-o-Y. Ebitda is expected to jump 12.3 per cent Y-o-Y to ₹846.2 crore, as against ₹753.7 crore. Besides, pricing growth is likely to be by 6 per cent in Q1FY26 Y-o-Y. Further improvement is anticipated over the coming quarters. Gross margin shall dip 156 bp Y-o-Y, but improve 88 bps Q-o-Q, due to some benefit of palm oil duty cut and recent price correction, to 40.2 per cent, but Ebitda margin shall expand 57 bps Y-o-Y/14 bp Q-o-Q to 18.3 per cent, due to higher other expenditure.