Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year
The Perfect Holiday Gift Gift Now

Tragedy and farce

Business Standard

|

June 14, 2025

We may not know for some time what led to Air India 171's tragic crash just a few seconds after it took off.

- MIHIR S SHARMA

Tragedy and farce

Crash investigations are some of the most comprehensive such inquiries carried out, and it is vitally important that we wait for this process rather than speculate.

After all, there are some things that we already know: The class of aircraft in question, the Boeing 787 "Dreamliner", has never previously been involved in a fatal incident — unlike, say, the same company's controversial 737-MAX, which has suffered several crashes and been grounded more than once. It has been less than a fortnight since Boeing came to a deal with the United States (US) government to pay $1.1 billion in order to avoid prosecution for two past crashes of the 737-MAX. Critics of Boeing — of whom there are many — would say that the Dreamliner was developed when engineers rather than accountants ran the company, and so is a more reliable aircraft. Nevertheless, the company's share fell 5 per cent after news of the crash broke.

In other words, the reasons for this crash may wind up being more than usually difficult to ascertain. Any initial assumptions and statements may wind up being corrected over time; this is often the case with aviation accident investigations.

MORE STORIES FROM Business Standard

Business Standard

Avoid over-allocation and chasing recent performance

In calendar year (CY) 2025, sectoral funds tracking the Nifty PSU Bank (26 per cent), Nifty Auto (20 per cent) and Nifty Metal (24 per cent) emerged as top performers.

time to read

2 mins

January 02, 2026

Business Standard

Business Standard

Moving with the times and tides

From open outcry trading and paper share certificates to demat accounts, the BSE has come a long way

time to read

1 min

January 02, 2026

Business Standard

From herstoric win to space glory, all that shaped the India story

Rediffusion's 'Hits & Misses' survey on what dominated the country's landscape

time to read

2 mins

January 02, 2026

Business Standard

The secret sauce to superior equity returns

Driven by disciplined capital management and macro stability efforts, the Indian stock market has delivered stellar long-term returns, consistently ranking among the best global performers for 40 years

time to read

3 mins

January 02, 2026

Business Standard

Business Standard

'India is still at an early stage in passive investing compared with US'

The Sensex’s 40-year milestone comes at a time when passive investing is reshaping India’s capital markets, with indices increasingly forming the backbone of investment products.

time to read

2 mins

January 02, 2026

Business Standard

Business Standard

The changing script of India’s most honest storyteller

When the Sensex was first published in 1986, India was still a closed, slow-moving economy trying to find its footing.

time to read

3 mins

January 02, 2026

Business Standard

Business Standard

Excise duty on tobacco, health cess on pan masala from Feb 1

Tobacco products and pan masala will attract additional central excise duty and Health Security se National Security Cess, respectively, with effect from February 1, the Ministry of Finance said in a series of notifications issued late on Wednesday.

time to read

3 mins

January 02, 2026

Business Standard

Risk-weight rules for NBFC infra loans relaxed

The Reserve Bank of India (RBI) on Thursday eased its proposed risk-weight framework for infrastructure lending by non-banking financial companies (NBFCs) following industry feedback, as it retained key lender protection norms.

time to read

1 min

January 02, 2026

Business Standard

Business Standard

BSE Sensex tops other asset classes by a hefty margin in 40 years

It has beaten gold and traditional savings, delivering a consistent winning streak while creating significant wealth for ordinary people who held their investments through decades of economic growth

time to read

4 mins

January 02, 2026

Business Standard

Legacy companies make way for modern businesses on the index

Family-owned firms’ predominance in the Sensex is in relative decline over the life of the index.

time to read

5 mins

January 02, 2026

Listen

Translate

Share

-
+

Change font size

Holiday offer front
Holiday offer back