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An IndiGo staffer allegedly called a distressed teen with disability a threat to other passengers. (Screengrab from video posted on Facebook by Manisha Gupta) The Directorate General of Civil Aviation (DGCA) has issued a show cause notice to private carrier IndiGo for denying boarding to a child with special needs , an official release said on May 16. The airline has been asked to explain within 10 days why action should not be initiated against it, the aviation sector regulator said. The incident, which drew flak towards IndiGo, was reported on May 7 at the Ranchi Airport. Citing safety risks, the airline staffers had denied boarding to a teenager with special needs. After the incident drew outrage, the DGCA had, in the past week, constituted a three-member inquiry committee to conduct a probe. "The committee has submitted its report," the official release said, adding, "The findings of the committee prima facie indicate inappropriate handling of passengers by the … [Read more...] about DGCA issues show cause notice to IndiGo for denying boarding to child with special needs

- A + A HONG KONG (May 18): Smarting from HSBC Holdings Plc’s move to scrap its dividend during the height of the pandemic, the bank’s largely silent mass of retail shareholders in Hong Kong is warming up to the idea of a breakup. Splitting up Europe’s biggest bank to separate out its Asian operations is being pushed by its largest investor, Ping An Insurance Group Co, based just across the border in Shenzhen. The call is winning support in Hong Kong’s retail base, which owns about a third of the bank, with some seeing it as a surefire way of preventing the steady stream of payouts from being cut off again. Their loyalty has been tested as numerous pivots in strategy fail to impress the market, leaving dividends at half of what they were in 2018 and the stock down more than 40%. The former British colony is the beating heart of the bank’s global operations, accounting for about 30% of the group’s 2021 adjusted profits. Yet decisions such as the halting of dividends … [Read more...] about HSBC’s mass of Hong Kong retail investors warms to breakup

An IndiGo staffer called a distressed teen with disability a threat to other passengers. (Screengrab from video posted on Facebook by Manisha Gupta). After facing public anger for not allowing a teen with disability and his family to board a flight at the Ranchi airport, IndiGo said it made the best possible decision under difficult circumstances. The teenager was "visibly in panic" at the boarding area, the airline's Chief Executive Officer Ronojoy Dutta said in statement on May 9. "While providing courteous and compassionate service to our customers is of paramount importance to us, the airport staff, in line with the safety guidelines, were forced to make a difficult decision as to whether this commotion would carry forward aboard the aircraft." IndiGo said it was nevertheless distressed by the incident and offered to buy the teenager an electric wheelchair.  "Throughout the check-in and boarding process our intent of course was to carry the family." The incident … [Read more...] about IndiGo stands by Ranchi incident involving teen with disability, offers to buy him electric wheelchair

What does it take to trigger a crash in the stock market? A once-in-a-century pandemic? The biggest war in Europe in 70 years? The US Federal Reserve instantaneously cutting off the supply of the opium of record liquidity and low interest rates? Multi-year high inflation? How about black magic? The Oxford Dictionary defines black magic as a type of magic that is believed to use the power of the devil in order to do evil. In a world where boring financial data, profit and loss statements, and complex macroeconomic events sway the everyday movement of stock prices and stock indices, one Rajkot-based stockbroker claimed last week that he spent more than Rs 8 crore to engineer a multi-day crash in the stock market with the help of esoteric black magic. Close “We are responsible to a great extent for today’s fall and the fall of the past few days in the market. You won’t believe it, but we have spent over Rs 8.5 crore today in kala jadu (black magic) to create … [Read more...] about A lone bear, black magic and a $235 billion stock market crash