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Business Moves: Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas; UIB International Sells Minority Stake in UIB Insurance Brokers (India)
Aug 5 2025 // Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas J.C. Flowers & Co. (JCF), a private equity investment firm that focuses on financial services investments, announced that investment vehicles...
Air India Audit Finds 51 Safety Lapses, From Unapproved Simulators to Training Gaps
Jul 30 2025 // India’s aviation watchdog found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a...
India Moves to Shield Power Grids From Solar Equipment Malware
Jul 29 2025 // India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that...
Ambani’s Jio Agrees to Reinsurance Venture With Allianz in India
Jul 21 2025 // Mukesh Ambani’s Jio Financial Services Ltd. agreed to form a reinsurance venture with Allianz SE in India, advancing the billionaire’s quest to broaden his reach in the sector. The 50-50 venture combines...
Air India Junior Pilot Asked Captain Why He Turned Off Fuel Switches
Jul 17 2025 // A cockpit voice recording of doomed Air India Flight 171 indicates the younger co-pilot asked his more experienced colleague why he turned off the plane’s fuel-supply switches, according to people familiar with the...
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