CRASHED
Russian passenger jet crashes flying empty near Moscow, killing its crew of 3
A Gazprom Avia Sukhoi Superjet 100, flying after repairs, crashed near Moscow, killing three. Investigations continue. Previous crashes include 2012 in Indonesia and 2019 at Sheremetyevo. Despite being hailed as an achievement, SSJ100 suffers safety issues, high maintenance costs, failing to attract Russian carriers and foreign customers, with efforts to market it abroad largely failing.
Hoarding crash: Chargesheet contains statements of GRP commissioner, suspended IPS officer
Nearly two months after the tragic incident, Mumbai police have filed a 3,299-page chargesheet against four accused in the Ghatkopar hoarding crash case. This includes statements from over 100 witnesses, among them suspended IPS officer Quaiser Khalid and current GRP commissioner Ravindra Shisve. The chargesheet, filed at the Esplanade magistrate's court, also features accounts from BMC officials, a mason, and a concrete supplier involved in erecting the illegal hoarding. The incident on May 13 claimed 17 lives and injured 84 when the oversized hoarding collapsed during a storm onto a petrol pump.
Worli Hit Run Case: Main accused consumed excessive amount of alcohol on night of incident
Mihir Shah, the main accused in the Worli hit-and-run case, consumed excessive alcohol at two locations on the night of the incident, according to Mumbai police. Shah and his driver Rajrishi Rajendra Singh Bidawat confessed to their roles during interrogation. Shah was arrested in Virar after being absconding, and his father was also arrested.
Accused Mihir Shah has admitted he was driving BMW car at time of crash: Police
Mihir Shah, the prime accused in the Mumbai BMW hit-and-run case, has admitted to driving the car during the crash that resulted in the death of a woman and injuries to her husband, according to police officials. The incident occurred in Worli, south-central Mumbai, and Shah, 24, who is the son of a Shiv Sena politician, is currently in police custody until July 16.
Sensex ends over 400 points lower, smallcaps worst hit. 5 factors brought the bears out
Stock Market Crash: Sensex plunged over 800 points intraday on Wednesday, with Nifty dropping over 1%, shaking retail investors accustomed to daily gains but recovered half of the losses towards the end of the day. Smallcap and midcap indices saw their worst day in over a month. M&M led Nifty's decline with a 7% drop amid concerns over XUV700 price cuts signaling weaker car demand.
BMW crash case: Shiv Sena sacks key accused Mihir Shah's father Rajesh Shah as party's deputy leader
Maharashtra Chief Minister Eknath Shinde sacked Rajesh Shah as Shiv Sena's deputy leader after his son, Mihir Shah, was involved in a fatal hit-and-run accident. Mihir allegedly ran over Kaveri Nakhwa, causing her death, and fled the scene. He was arrested on Tuesday. Rajesh Shah remains a Shiv Sena member.
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Unnao Bus Accident: Nearly 18 dead, 19 hurt after bus slams against milk tanker on Agra-Lucknow Expressway
Unnao Bus Accident: Police reported that at least 18 individuals lost their lives and 19 sustained injuries in a tragic incident on Wednesday, when a bus collided with a tanker on the Agra-Lucknow Expressway in an Uttar Pradesh district. The accident occurred in the morning near Jojikot village in the Bangarmau area. Bangarmau Circle Officer Arvind Kumar confirmed that the collision between the double-decker bus and the tanker resulted in the fatalities and injuries.
Buy stocks in every dip: A cheat sheet to find right stocks from the right sectors
CA Rudramurthy BV shares insights on the market, highlighting opportunities in IT, pharma, and FMCG sectors. He recommends caution with PSUs and emphasizes stock-specific investments. Bajaj Finance and Manappuram show potential for gains with tight stop losses. Rudramurthy says "we are in the mother-of-all-bull market and this market, both magnitude-wise and time-wise, will surprise on the upside and it is a buy-on-every-dip market."
RVNL, REC among BSE500 stocks defying today's market downtrend
Despite gains for RVNL, CAMS, and REC, the bearish market saw Sensex and Nifty crashing. RVNL gained 8%, CAMS 4%, and REC over 3%. Mahindra & Mahindra fell 7%, signaling weak auto demand. Media, PSU banks, real estate, and oil and gas sectors suffered. Sensex and Nifty's crash impacted smallcaps significantly.
BMW case: After victim was dragged by Mihir Shah till Bandra Worli Sea Link, Rajrishi Bidawat drove car over her
In Mumbai, Mihir Shah and Rajrishi Bidawat killed Kaveri Nakhwa, injuring Pradeep. Aided by Rajesh Shah, Mihir escaped but later vanished in Borivali. They were arrested and given 14-day judicial custody. Look Out Circular issued. CM Shinde ensures justice. Crime Branch involved. CCTV shows 1.5km drag. Aaditya Thackeray comments on incident.
BMW crash: Mumbai police form six teams to nab 24-yr-old
Mihir Shah caused a fatal accident killing Kaveri Nakhwa and injuring her husband near Bandra-Worli Sea Link. Son of Rajesh Shah, he might have been drunk. The car and driver Rajrishi Bidawat were found in Kalanagar. A Look Out Circular is issued. Stricter hit-and-run laws are being enforced.
How Boeing's plea deal could affect the planemaker
Boeing will plead guilty to criminal fraud conspiracy, linked to two fatal 737 MAX crashes. This resolves a U.S. DOJ investigation but complicates Boeing’s crisis recovery. The plea includes a $487.2 million penalty and a three-year probation. Boeing's government contracts and compliance practices will face scrutiny under an independent monitor.
Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says
Boeing is set to plead guilty to a criminal fraud charge stemming from two 737 Max jetliners that killed 346 people, after the government determined the company violated an agreement that had protected it from prosecution for more than three years. Federal prosecutors accused Boeing of deceiving regulators who approved the airplane and pilot-training requirements for it. The plea deal, which still requires federal judge approval, calls for Boeing to pay an additional $243.6 million fine, the same amount it paid under the 2021 settlement that the Justice Department said the company breached.
Boeing to plead guilty in US probe of fatal 737 MAX crashes
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge related to two fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. This plea, requiring federal judge approval, would classify Boeing as a convicted felon and necessitate a $243.6 million fine. The crashes in Indonesia and Ethiopia prompted victim families to demand Boeing's prosecution. Although the plea could hinder Boeing's ability to secure government contracts, it avoids a public trial and facilitates future business moves, including acquiring Spirit AeroSystems.
Boeing 737 Max: The troubled history of fatal crashes and 346 deaths in 7 years
The Boeing 737 Max, a fuel-efficient version of the popular 737, faced safety concerns after two crashes within seven years, resulting in 346 deaths. Worldwide regulators grounded all Max jets in March 2019, leading to the resignation of Boeing's CEO. Ongoing investigations, including a criminal probe, have impacted the aircraft's history.
Mumbai BMW Accident: Here's what happened, victim identity, accused details, and police findings
The accident occurred around 5:30 am between Atria Mall and the beginning of the coastal road. The couple, returning home after buying fish, was struck by the BMW. The impact was so severe that the woman, Kaveri Nakhava, aged 45, was thrown onto the car's bonnet. Her husband managed to jump off the speeding vehicle, escaping with injuries.
Porsche car crash: Juvenile submits 300-word essay on road safety to comply with bail conditons
A 17-year-old minor involved in a Pune Porsche car crash has submitted a 300-word essay on road safety, complying with the bail conditions of the Juvenile Justice Board (JJB). The minor was released from an observation home last month after the Bombay High Court ruled that the orders remanding him to the facility were illegal.
Sensex's 80K milestone a journey, not destination: Nilesh Shah of Kotak Mahindra AMC
Investors are advised to maintain asset allocation discipline and a long-term investment strategy to navigate market volatility effectively.
Chinese rocket accidentally launches during test, then crashes
Because of a "structural failure," the Tianlong-3 rocket separated from its testing platform while its propulsion system was being tested and lifted off from its launchpad, the rocket's owner Space Pioneer said in a statement. The accident occurred at 3:43 p.m. local time Sunday at a test facility in Gongyi city in central China's Henan province, the statement said.
Pune police chief had proactive role in Porsche crash probe: Fadnavis
The proactive role of Amitesh Kumar in the high-profile Porsche crash investigation in Pune leads to demands for his resignation amidst allegations of corruption and mishandling of evidence. The case involves a fatal accident caused by a minor driving under the influence, leading to arrests and upcoming changes in criminal laws.
Time in market is more important than timing the market: Market crash after Election results has a lesson for SIP investors
Timing the market is not a reliable strategy. Trying to predict short-term market movements often leads to disappointment. What truly matters is the consistency and discipline of investing over the long term. Market fluctuations are part and parcel of investing in equities, and those who remain patient and focused on their long-term goals are more likely to reap the rewards.
Balasore Crash: Three officials charged in 2023; Case still stuck
In September of last year, the Central Bureau of Investigation (CBI) filed a charge sheet against three Railway employees—two engineers and a technician—in relation to the June 2 train accident in Balasore, which resulted in the deaths of over 290 people. However, the case is still pending before the trial court.
Pune car crash: Illegal portions of resort owned by accused juvenile's family razed in Mahabaleshwar
Two IT professionals hailing from Madhya Pradesh were killed when a Porsche allegedly driven by the juvenile in an inebriated condition hit their two-wheeler in Pune's Kalyani Nagar area on May 19. The accident hit national headlines due to efforts made to get the juvenile off the hook, resulting in the arrest of several persons, including his father and grandfather.
Two pilots killed in Turkey military training plane crash
A military training plane crashed in central Turkey, killing two pilots aboard. The plane took off from a military base in Kayseri on a training flight and later crashed for unknown reasons.
IAF's Sukhoi fighter crashes in Nashik; pilot, co-pilot eject safely
An Indian Air Force Sukhoi fighter plane crashed in Maharashtra. The pilot and co-pilot ejected safely in Nashik district, according to police.
RAF pilot killed as WWII Spitfire crashes near British airbase
A Royal Air Force pilot died in a tragic accident when his World War II-era Spitfire fighter plane crashed near the RAF Coningsby airbase in eastern England. The cause of the crash is currently unknown. The incident occurred just days before wartime aircraft are scheduled to commemorate the 80th anniversary of D-Day, the June 6, 1944 Allied invasion of Normandy.
F-16 Fighter jet crashes at Singapore airbase
An F-16 fighter jet crashed at a military airbase in Singapore, but fortunately, there were no casualties. The pilot ejected successfully and is receiving medical attention. The crash occurred due to an issue during take-off, and the pilot followed emergency procedures. The Singapore air force, known for its advanced capabilities in Southeast Asia, is investigating the incident. This is a rare occurrence in Singapore, with the last similar incident being a military helicopter emergency landing in 2010.
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