Regulator acts on Spicejet’s continuous mid air snags

Since May of this year (i.e, in just 2 months), Spicejet has reported 9 mid air snags. This is uncommon in Indian skies and deserved a closer look by the regulator – The Directorate General of Civil Aviation (DGCA). DGCA has now acted and ordered Spicejet to operate only 50% of it’s flights that have … Read more

SEBI fines IIFL Securities for violation of norms related to the client funds

Brokerage businesses handle significant client money and hence are supposed to be managed with extreme discipline. Regulations are well laid out in that regard. However, time and again we come across cases that raise doubt on this underlying presumption. Today, SEBI passed an adjudication order against IIFL Securities Limited (IIFL) for some serious violations – … Read more

RBI stops Paytm Payments Bank from onboarding new customers

Paytm Payments Bank (PPB) is a joint venture between Paytm founder Vijay Shekhar Sharma and the listed holding company One97 Communications, the parent of Paytm. Sharma owns 51% in the bank in his personal capacity. It had started operations in 2017 and claims to have 60 million bank accounts with 4 lakh users added every … Read more

Indigo continues to build further strengths. Now focuses on improving safety.

Indigo has mandated NAVBLUE (an airbus company) to upgrade some of its latest A320 aircraft to the most advanced navigation technology, RNP AR (Required Navigation Performance with Authorization Required). Key points to note – Indigo is already a customer of NAVBLU since 2006. With RNP AR Upgrade, pilots will be able to navigate mountainous areas … Read more

Mahindra announces mileage guarantee on BS6 trucks. Marketing gimmick?

In case a customer chooses to return the truck, the ex-showroom price of the truck will be refunded after all the requirements are fulfilled as per the terms and conditions. Key points to note – Mileage guarantee is being offered on the entire BS6 truck range from 3.5 tonne till 55 tonne, including Blazo X … Read more

Mid-air emergency for Spicejet flight. Boeing 737MAX at it again.

It was a Mumbai to Kolkata flight on December 9, 2021. After 15 minutes of departure, the pilots had to shut down an engine and divert the flight back to Mumbai where the aircraft LANDED SAFELY. Key points to note – SpiceJet is currently the only Boeing 737 MAX operator in India. Previously, Boeing 737 … Read more

Something seems to be wrong with ICICI Lombard

I have a ICICI Lombard Car insurance policy coming up for renewal. and here is my experience – Tried renewing it on ICICI Lombard’s website and it was just not responding. I tried for straight two days. Tried to do it on Coverfox – ICICI Lomard’s quoted premium was 3x of others I didn’t bother … Read more

Mahindra XUV700 receives highest safety rating

Mahindra’s latest offering XUV 700 gets another boost – receives a 5 star adult safety rating from Global NCAP. It got 4 star for child occupant protection. “The model has received the highest combined safety score (adult + child) of 57.69 out of a total of 66.00 among the Indian vehicles tested so far by … Read more