US-bound Air India flight grounded in Vienna after issue detected during fuel stop
The disruption also impacted the return service — Flight AI104 from Washington to Delhi via Vienna — which was subsequently cancelled. Air India said affected passengers have been rebooked on alternative flights or offered full refunds.The flight was a Boeing Dreamliner, a passenger jet that is in focus around the world following the crash of Air India Flight 171 in Ahmedabad, which killed over 270 people.Air India and its low-cost arm Air India Express together operate more than 1,100 flights daily, carrying over 1,50,000 passengers. The airline asserted that it has stepped up pre-flight safety checks and temporarily reduced some services to ensure operational stability and minimise last-minute disruptions.advertisementThe Tata Group-owned airline has come under intense scrutiny following the Ahmedabad crash and a series of mid-air technical glitches on other routes. In response, the Directorate General of Civil Aviation (DGCA) has ordered comprehensive inspections of all Dreamliners equipped with GenX engines. The safety audit covers critical components such as fuel parameter monitoring systems, cabin air compressors, engine control systems, and more.The airline has warned of delays due to the inspection and said that "some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes". The airline added that customers will be duly notified about any delays and advised them to check flight status before heading to the airport.- EndsTune InMust Watch
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Business Standard
an hour ago
- Business Standard
Market extent losses for second day; Nifty settles below 25,450
The headline equity indices ended with modest losses on today, extending losses for the second day in a row as investor sentiment remained cautious ahead of the anticipated India-US trade deal. The Nifty settled below the 25,450 mark after hitting the days high of 25,587.50 in mid-afternoon trade. PSU bank, metal and realty shares declined, while media, consumer durables and healthcare shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex fell 170.22 points or 0.20% to 83,239.47. The Nifty 50 index lost 48.10 points or 0.19% to 25,405.30. In the two consecutive trading sessions, the Sensex and Nifty declined by 0.54% and 0.53%, respectively. In the broader market, the S&P BSE Mid-Cap index shed 0.06% and the S&P BSE Small-Cap index rose 0.47%. The market breadth was positive. On the BSE, 2,011 shares rose and 1,993 shares fell. A total of 164 shares were unchanged. Economy: The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 60.4 in June 2025 against 58.8 in May 2025. Monitored companies linked the upturn to positive demand trends and ongoing improvements in sales. Indian service providers ended the first fiscal quarter on strong footing. Output and new order intakes rose at the fastest rates since August 2024, aided by another robust expansion in international sales and job creation. New orders expanded at the quickest rate since August 2024. Services companies benefited most from the continued strength of the domestic market, alongside a marked increase in new export business. The HSBC India Composite PMI Output Index rose from 59.3 in May to 61.0, indicating the fastest rate of expansion in 14 months. Growth quickened at both manufacturers and service providers. India-US trade deal update: As per media reports, India and the United States will likely finalise a mini trade deal within the next 48 hours, with negotiations underway in Washington, DC. India and the US are actively engaged in trade negotiations as the July 9 deadline looms. If a deal is not reached by then, Indian exports to the US could face a total tariff of 36% (10% baseline tariffs plus 26% reciprocal tariffs). Trump has indicated that the deadline may not be extended. IPO Update: The initial public offer (IPO) of Crizac received bids for 5,61,79,109 shares as against 2,58,36,909 shares on offer, according to stock exchange data at 15:30 IST on Thursday (3 July 2025). The issue was subscribed 2.17 times. The issue opened for bidding on Wednesday (2 July 2025) and it will close on Friday (04 July 2025). The price band of the IPO is fixed between Rs 233 and 245 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof. New Listing: Shares of Indogulf Cropsciences were at Rs 110.70 on the BSE, representing a discount of 0.27% compared with the issue price of Rs 111. The scrip was listed at 111, matching the initial public offer (IPO) price. The stock has hit a high of Rs 112.60 and a low of Rs 105.45. On the BSE, over 8.18 lakh shares of the company were traded in the counter. Buzzing Index: The Nifty PSU Bank index fell 0.89% to 7,129.90. The index fell 1.70% in two consecutive trading sessions. Punjab National Bank (down 3.37%), Union Bank of India (down 1.14%), UCO Bank (down 1.13%), Central Bank of India (down 0.9%), State Bank of India (down 0.79%), Indian Bank (down 0.66%), Bank of India (down 0.65%), Bank of Baroda (down 0.39%), Punjab & Sind Bank (down 0.18%) and Canara Bank (down 0.11%) declined. 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Time of India
2 hours ago
- Time of India
What the Middle East's Schengen-style GCC Unified Visa means for travellers
The Gulf countries will soon launch a unified tourist visa. This visa allows travellers to visit six Gulf nations. These nations are Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman. The visa aims to boost tourism and ease travel. It is similar to Europe's Schengen visa. The new visa will help travellers explore the Gulf region easily. Tired of too many ads? Remove Ads Multi-country access: The visa will allow entry into all six GCC member nations with a single permit. Purpose: The visa will be issued for tourism and family visits only. Application: Travellers must apply online through an official portal. Validity: The visa will be valid for stays ranging from 30 to 90 days. Flexibility: Applicants can opt for single-country or multiple-country access. Affordability: Authorities have said the visa will be priced reasonably. Tired of too many ads? Remove Ads A valid passport A recent passport-sized photo Proof of accommodation (hotel bookings or an invitation letter) Travel insurance valid across the GCC Recent bank statement as proof of financial means Round-trip flight ticket Popular in NRI The Gulf Cooperation Council (GCC) is preparing to roll out a new unified tourist visa that will allow travellers to explore six Gulf countries on a single entry permit. Dubbed the " GCC Grand Tours Visa ," this new travel document is expected to launch soon and has been compared to Europe's Schengen visa unified visa will allow visitors to travel freely across Saudi Arabia, the United Arab Emirates ( UAE ), Qatar, Bahrain, Kuwait, and Oman. It aims to streamline regional travel, remove administrative hurdles, and attract more international tourists to the per initial details shared by Gulf News and GCC authorities, applicants will need the following documents:Once launched, the unified visa will simplify the process of visiting multiple countries in the Gulf without the need to apply separately for each destination. Travellers can move more easily across borders, whether by air or road, with fewer delays or administrative visa will also introduce modern technology to meet global security standards. GCC Secretary General Jassem Al Budaiwi said in an official statement, 'The unified visa reflects the vision of our leaders to strengthen integration and cooperation.' He added that the initiative will bring both tourism and economic benefits to the at a press event, UAE Minister of Economy Abdulla bin Touq Al Marri confirmed that the visa has received final approval and is now in the implementation phase. 'The single (GCC) tourist visa has been approved and waiting now to be implemented, hopefully, soon,' he unified visa is part of broader efforts by Gulf nations to accelerate tourism growth and economic diversification. In 2023, the GCC region welcomed 68.1 million visitors, generating over $110 billion in tourism revenue. This marked a 42.8% increase in tourist arrivals compared to pre-pandemic move is expected to boost 'bleisure' travel — a blend of business and leisure — by making it easier for business travellers to extend their stays and explore neighbouring will also support job creation and investment in hospitality, transport, and infrastructure. In the UAE alone, the travel and tourism sector supported 833,000 jobs in 2024 and is projected to employ 1 million people by 2030, according to the World Travel and Tourism Council (WTTC). Dubai , which recorded over 7.1 million visitors between January and April 2025, continues to lead regional tourism efforts. The unified visa is expected to complement Dubai's strong travel numbers by allowing visitors to extend their Gulf itineraries to include other destinations, such as Muscat, Doha, or its Schengen-style structure, the upcoming GCC visa signals a major step toward regional integration in travel. While the official rollout date has not been announced, preparations are well underway, and the visa is expected to be launched soon.
Business Standard
2 hours ago
- Business Standard
Barometers pare all gains; Nifty slides below 25,450
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