Air India has detract the free cabin baggage allowance for the lowest economy fare segment from 20 kg to 15 kg

Loss-making Air India has reduced the free cabin baggage allowance for the lowest economy fare segment on domestic flights from 20 kg to 15 kg. The changes have been made to fare families, a menu-based pricing model introduced by Tata Group-owned Air India last August. The airline has said that a one-size-fits-all approach is no…

Read More

Etihad Airways Expands Global Network with Five New Airline Partnerships

Eithad has collaborated with Kam Air in Afghanistan, Jeju Air in Korea, Myanmar Airways International, SKY express in Greece and Rex Airlines in Australia. Etihad Airways has established reciprocal interline collaborations with 5 new airline partners, further widening travel options for people across its expanding global network. The interline agreements provide customers of all airlines…

Read More

Private bank held a lady hostage after her husband failed to pay loan installment of Rupees 770 in Tamil Nadu’s Salem district

A shocking incident took place in Tamil Nadu’s Salem district when a branch of a private bank allegedly held a woman captive on Wednesday(1, May) after her husband failed to pay a loan installment. The woman was eventually let go after her husband paid the loan installment of Rs 770. He borrowed Rs 35,000  According…

Read More

RBI circulated updated guidance note for banks, NBFCs

The Reserve Bank of India (RBI) has updated its “Guidance Note” on operational risk management for the financial sector, and extended it to non-banking financial companies (NBFCs), including housing finance companies. Only commercial banks were included in the 2005 ‘Guidance Note on Operational Risk Management’. RBI said all regulated entities (REs) in India should implement…

Read More