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Trust for AI crash victims to be institutionalised soon

July 08, 2025

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Financial Express Bengaluru

THE ₹500-CRORE TRUST, which is being formed by Tata Sons to extend financial support to victims and families of victims of the Air India crash, will likely be formally institutionalised later this month.

- SWARAJ BAGGONKAR

"This will happen in July itself or by the first half of August. The act of delineation is currently being worked upon," said an industry source.

Every affected family is being directly assisted by an Air India representative, with nearly two-thirds already receiving payment or in the final stages.

المزيد من القصص من Financial Express Bengaluru

Financial Express Bengaluru

US-Iran war hit Pakistan’s economic gains: Shehbaz

PRIME MINISTER SHEHBAZ Sharif on Wednesday said that the US-Iran war has dealt a serious blow to Pakistan's economic progress made over the past two years, as he asserted that his government will continue its efforts to help ease tensions between the two warring sides and restore peace in West Asia.

time to read

1 min

April 30, 2026

Financial Express Bengaluru

Sun Tzu’s advice for Trump

TRUMP INCAPABLE OF UNDERSTANDING IMPORTANCE OF STRATEGY, A LESSON CHINA'S LEADERS HAVE LONG GRASPED

time to read

4 mins

April 30, 2026

Financial Express Bengaluru

Mythos testing: Govt bars banks

Stance may be reviewed after US sandbox results on frontier Al model

time to read

2 mins

April 30, 2026

Financial Express Bengaluru

‘NCDEX sets sights on equities, MFs and global exchange’

With a deep rural distribution network and nearly ₹800 crore of fresh capital, the newest stock exchange, NCDEX, is gearing up to enter equities, mutual funds and niche non-agri products, while strengthening its core commodities franchise.

time to read

3 mins

April 30, 2026

Financial Express Bengaluru

IIFL Finance profit jumps twofold

IIFL FINANCE ON Wednesday reported an over twofold increase in consolidated net profit to 623 crore for the fourth quarter ended March 2026, due to a rise in interest income and improved asset quality. The company had earned a net profit of $251 crore in the year-ago period.

time to read

1 min

April 30, 2026

Financial Express Bengaluru

Apr-Feb pulses imports fall 35% on robust crop, stocks

AFTER SETTING

time to read

1 mins

April 30, 2026

Financial Express Bengaluru

SAS turns India into a nerve centre for AI and analytics

SAS IS NO longer treating India as a back office - it is turning it into a core engine of global innovation and growth.

time to read

2 mins

April 30, 2026

Financial Express Bengaluru

DII buying slows in April

In March, they invested a record ₹1.43 lakh crore

time to read

2 mins

April 30, 2026

Financial Express Bengaluru

Aim to bring net NPA below 1% in two years: Capital SFB

CAPITAL SMALL FINANCE

time to read

1 min

April 30, 2026

Financial Express Bengaluru

Force Motors posts 51% rise in FY26 net profit

FORCE MOTORS REPORTED a 13% year-on-year increase in standalone revenue to 9,167 crore in FY26, while profit before tax rose 55% to ₹1,304 crore and net profit grew 51% to ₹1,211 crore, marking its strongest full-year performance to date.

time to read

1 min

April 30, 2026

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