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In its statement released on Tuesday, the regulator said the fuel switch issue reported on Air India Boeing 787-8 was not due to a mechanical fault, but due to incorrect handling. It has not directly blamed pilots or the crew in the report.
SEBI revamped technical glitch norms for brokers, easing compliance by limiting applicability to firms with over 10,000 clients, simplifying reporting, granting exemptions, and rationalising penalties, offering relief to smaller brokers while maintaining technology, risk management and market integrity standards nationwide.
“One very important thing is the Indigo (flights) glitch that we all experienced. We have seen its span... it was a sheer duopoly or market monopoly related issue and the passengers or consumers of their service, the way they were put to hardship, we all have seen...".
