Europe
BBC Business

Repeated air traffic control failures leave us in worrying territory

Image source, PA MediaByTheo LeggettBusiness correspondentPublished21 September 2026To have one air traffic control failure in a fortnight may be regarded as a misfortune, to have two looks like carelessness. The UK's air traffic services provider is coming in for a wave of criticism at the moment, so where is it all leading? The incident at the Nats main control centre in Swanwick earlier this month was extremely serious. It caused more than 2,000 flight cancellations over two days, affecting hundreds of thousands of passengers. Some were left sleeping on airport floors, others were stranded in foreign airports. Monday's failure at the Prestwick centre, which looks after air traffic in Scotland, northern England and northern Ireland was not as dramatic. But according to the aviation analytics company Cirium, it still led to about 150 flights being cancelled and many other delays affecting tens of thousands of travellers. The first failure this month was attributed to a previously undetected software flaw, which had an impact due to a very specific set of circumstances combining in a millisecond. Today's issue was blamed on a "connectivity issue" specific to the system used in Scotland. The two, Nats says, were unrelated. In August 2023, on a bank holiday weekend, a problem with a single aircraft's flight plan caused a key system at Swanwick to break down, leading to cancellations and delays that affected 700,000 passengers. Two years later, a smaller "radar-related issue" disrupted air traffic for four hours, and led to the cancellation of 150 flights. The question is whether all of these incidents were isolated and unavoidable, or whether they point to something more systemic. There is no question that the job Nats has to do is fiendishly complicated, looking after some of the busiest airspace in Europe - including the approaches to Heathrow and Gatwick - which means handling up to 8,000 flights a day. Visiting the Swanwick centre, it's hard not to be impressed by the sheer scale of the place, where hundreds of staff sit behind an array of large radar screens, calmly making sense of what looks to the untrained eye like utter chaos. But these controllers need reliable equipment, and the concern is that they aren't getting it. Steve Heapy, chief executive of Jet2 made the point: "It is simply not good enough for this critical national infrastructure to keep letting customers down." Easyjet said the latest incident "calls into question the resilience of Nats' systems and demonstrates the need for firm actions to prevent these repeated failures." A Nats spokesperson, apologising for the latest issue, said technology "can and sometimes does fail. Our job is minimising disruption where possible."

Repeated air traffic control failures leave us in worrying territory
Asia
The Hindu BusinessLine

Trans ACNR Solutions, 8 others file IPO papers with SEBI

Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator SEBI for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements. Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms -- Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy -- have filed standard public draft documents with SEBI. The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes. Under the confidential pre-filing mechanism, companies can submit draft offer documents to SEBI and stock exchanges without immediately making them available in the public domain. The documents are disclosed at a later stage after regulatory review. Consequently, details of Trans ACNR Solutions' proposed IPO, including the offer size, structure, financial performance, valuation and timeline for the share sale, are not available at this stage. In a public notice, the company said it has filed the "pre-filed draft red herring prospectus with SEBI and the stock exchanges" in connection with its proposed IPO of equity shares on the main board of the stock exchanges. Among the companies that have made their IPO details public, Maharashtra Oil Extractions has proposed a fresh issue of up to ₹370 crore and an an offer for sale (OFS) of up to 2.14 crore equity shares by promoters, according to the draft red herring prospectus (DRHP). The company, incorporated in 1995, is engaged in processing, manufacturing, marketing and sale of products across the soybean value chain, including crude and refined edible oil, plant-based protein supplements, soya meal, soya flour and textured soya protein, besides lecithin and other speciality and industrial chemicals. Jagatjit Agri Engineering's proposed share sale comprises a fresh issue of equity shares worth up to ₹300 crore and an OFS of up to 31 lakh equity shares by promoter Jagatjit Singh, according to its DRHP. Ludhiana-based Jagatjit Agri Engineering, incorporated in 2020, manufactures agricultural implements and provides end-to-end crop solutions. Mohali-based Jai Parvati Forge has proposed an IPO comprising a fresh issue of up to ₹300 crore and an OFS of up to 90 lakh equity shares by promoter Suman Chauhan. Incorporated in 2004, the company manufactures forged and machined components, including bull gears, transmission gears and shafts and precision-machined parts.

Trans ACNR Solutions, 8 others file IPO papers with SEBI
Europe
BBC Business

'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran

Image source, Getty ImagesByMichael RaceBusiness reporter, Reporting fromNew YorkPublished9 hours agoInvestment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that "we simply don't know how to model the endgame". The bank said it assumed at the start of the conflict that there would be "economic red lines" that the Trump administration would be unwilling to cross, and therefore it believed a deal would have been struck to open up the Strait of Hormuz shipping lane back in June. It said such red lines included oil prices rising above $100 a barrel, inflation reaching 4%, gasoline topping $5 a gallon and rates on 10-year government borrowing hitting 5%. JP Morgan is a huge name in the financial world, so for the investment bank to admit its experts are grappling with working out the economic impact of the US-Iran conflict reflects the tricky nature of trying to predict President Donald Trump's next moves. An oil and gas industry source told the BBC it was "unusual" for such a high-profile investment firm to issue such a note, but added it was a "reflection on the state of play", given the uncertainties around the conflict. Investors often make investment decisions on inflation expectations and the price of oil is a major factor in prices rising across the world, given the commodity's widespread use and humanity's dependence on it. While gasoline remains below $5 and inflation has also not reached 4%, oil prices have surged back above $100 in recent weeks and the interest rate - known as a yield - on government bonds, which are issued in order for the US to borrow money from financial markets, has ticked over 5%. "Six months later [since the war began], many of those lines have been crossed, yet the exit strategy is less clear, not more," said the commodities research team at JP Morgan in note. "For the first time since the start of the Iran conflict, we don't have a baseline view. We simply don't know how to model the endgame." US President Donald Trump said last week he did not think the Iran war would end until after November's midterm elections in the US. "Right after the election, oil prices are going to be tumbling downward," Trump told reporters last week. "I think it's going to take a little bit longer than the midterm." High oil prices have been behind the rising cost of living in the US and around the world, with fuel and energy prices surging ahead of the colder months.

'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran
Asia
The Hindu BusinessLine

Shanti Gold International Invests INR 8.83 Crore in Ratnaveer Precision Engineering; Corporate Investment Brings Fresh Investor Attention

Ratnaveer Precision Engineering Limited is witnessing heightened corporate and market attention following an INR 8.83 crore capital deployment by Shanti Gold International Limited, which has acquired 2,65,000 equity shares at a weighted average acquisition price of INR 333.33 per share through the secondary market. The transaction marks the induction of a new listed corporate shareholder into Ratnaveer’s equity structure and introduces an additional dimension to the company’s evolving investment narrative. Following the transaction, Shanti Gold International will hold approximately 0.37% of Ratnaveer’s paid-up equity share capital. The development assumes significance against the backdrop of Ratnaveer’s expanding operating scale, diversified industrial footprint and ongoing manufacturing-led expansion, potentially broadening the company’s visibility among corporate investors and market participants tracking the stainless steel, metals, engineering and industrial manufacturing ecosystem. The investment comes at a time when Ratnaveer has demonstrated a significant expansion in its reported business scale. The sharp progression in revenue provides important context to the latest investment, with Ratnaveer having substantially increased its operating scale over the past two financial years. The presence of a new corporate shareholder can also bring the company to the attention of a wider pool of corporate investors, HNIs, family offices and sector-focused market participants, particularly those evaluating listed opportunities across India’s manufacturing value chain. Ratnaveer’s core business is centred on the manufacturing and export of stainless steel products, with applications spanning multiple industrial segments. Its diversified end-market presence positions the company across a broad spectrum of India’s manufacturing ecosystem, giving market participants exposure to a business serving varied industrial requirements. This sectoral breadth is particularly relevant as investor interest increasingly encompasses companies positioned across metals, engineering, industrial manufacturing and infrastructure-linked supply chains. Beyond its established stainless steel operations, Ratnaveer is advancing its Copper Clad Laminates (CCL) project in Gujarat, marking an expansion into the electronics and advanced manufacturing ecosystem. The initiative adds a new dimension to the company’s business portfolio and represents an effort to participate in an adjacent, technology-oriented manufacturing segment alongside its core operations. Together, the company’s established manufacturing platform and newer initiatives provide multiple vectors through which its business trajectory can evolve.

Shanti Gold International Invests INR 8.83 Crore in Ratnaveer Precision Engineering; Corporate Investment Brings Fresh Investor Attention
Asia
The Hindu BusinessLine

Truecaller launches scam checker tool for links, numbers, and messages

Truecaller on Wednesday launched Scam Checker, a new tool available on its website and Android app that allows users to verify suspicious phone numbers, web links, and messages in one place. The feature draws on signals from Truecaller’s 500 million-strong user base to flag potential fraud. Users can paste a suspicious link to check for phishing, look up a phone number for community-reported warnings, search a database of scam reports called Scamfeed, or describe a suspicious message in plain text to get relevant results. The company said the tool is designed to address the three elements typically found in a scam message — a number, a link, and a narrative — allowing users to investigate all three simultaneously rather than across separate platforms. Truecaller CEO Rishit Jhunjhunwala said the product was built around the moment when a person suspects something is wrong but needs a fast way to confirm it before responding. Scam Checker is currently available in India on Android and globally through the Truecaller website. iOS support and expansion to additional markets are planned for a later date. The company also said it intends to add screenshot upload capability, user authentication, and broader scam technique coverage in future updates. Truecaller, headquartered in Stockholm and listed on Nasdaq Stockholm since 2021, reported identifying 68 billion spam and fraud calls in 2025. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Truecaller launches scam checker tool for links, numbers, and messages
Asia
The Hindu BusinessLine

Lighthouse Learning Expands Footprint Through Strategic Partnership with The Khaitan School

Lighthouse Learning (formerly EuroKids International), India’s leading Early Childhood and K-12 Education Group, today announced a strategic partnership with The Khaitan School, Noida. The collaboration brings together The Khaitan School’s distinguished legacy and Lighthouse Learning’s scale, expertise and educational capabilities to support the school’s next phase of growth and strengthen learning opportunities for its students and educators. Founded by the Khaitan family in 1995, The Khaitan School was established with a vision to deliver holistic, values-led education rooted in academic excellence and character. Over the years, the school has built a strong reputation for its academic outcomes, co-curricular breadth and values-led culture. Its campus features modern science and computing laboratories, well-stocked libraries, interactive digital classrooms, and state-of-the-art sports and arts infrastructure. Through this partnership, The Khaitan School will draw on Lighthouse Learning’s integrated platform capabilities and best practices from across the group. These include a dedicated Health & Safety framework supported by audits and certification; a specialist central education team that supports pedagogy, curriculum design, assessment and faculty capability building; the Centre of Well-Being, which strengthens inclusive practices and supports children’s social-emotional and mental well-being, helping every child feel included, understood and able to thrive; Lighthouse Digital Labs, the Group’s in-house technology team, which develops secure, child-centred solutions to enhance teaching and learning. The collaboration will also focus on school leadership development and create opportunities for students and educators to benefit from Lighthouse Learning’s wider national network. Through the exchange of ideas, research, professional development and shared pedagogical practices, the two organisations will build on The Khaitan School’s founding ethos while strengthening educational experiences and outcomes for the years ahead. Speaking on the partnership, Prajodh Rajan, Founder and Group CEO, Lighthouse Learning Group, said, “The Khaitan School has built a strong legacy grounded in academic excellence, values and a deep commitment to nurturing young learners. We are proud to partner with an institution that shares our belief in delivering high-quality, future-ready education. Through this partnership, we will bring together specialist academic expertise, robust health and safety systems, leadership development and purpose-built technology to further enrich the learning experience. We look forward to building on the school’s existing strengths and supporting its next chapter of growth.” Commenting on the collaboration, Vedant Khaitan, Vice Chairman, Khaitan Welfare Foundation, said, “This partnership marks a proud and important milestone in our journey. Building on the vision with which the Khaitan family founded The Khaitan School, our collaboration with Lighthouse Learning will bring fresh perspectives, best-in-class practices and enhanced opportunities for our students and educators. We look forward to working together as the school enters its next phase of growth and learning impact.” LoEstro Advisors acted as the exclusive strategic advisor for the partnership. Cyril Amarchand Mangaldas served as the legal advisor to Lighthouse Learning Group and Quillon Partners acted as Legal Advisors for The Khaitan School, while Ernst & Young LLP acted as the financial advisor to the Group. Lighthouse Learning Group, formerly known as EuroKids International, is India’s leading Early Childhood and K-12 Education Group. Guided by its purpose, “To Unlock human potential and ignite the love for learning,” the Group is working towards its mission, “To ignite the love for learning in 1 Million Children.” Its portfolio includes leading brands such as EuroKids, Kangaroo Kids, Mother’s Pet Kindergarten, Early Learning Village, EuroSchool, Billabong High International School, Centre Point Group of Schools, Heritage Xperiential Schools, Phoenix Greens School of Learning and Finland International School Maldives. Nurturing over 200,000 students every day, Lighthouse Learning places children at the centre of its approach, with a strong focus on innovative pedagogy, child safety and high-quality learning experiences. With over 2,000 preschools and 60 K-12 schools, the Group empowers 1,850 women entrepreneurs and supports a direct and indirect workforce of over 25,000 people. Global investment firm KKR first invested in Lighthouse Learning in 2019, with a subsequent investment in 2025. “This is a company press release that is not part of editorial content. No journalist of The Hindu businessline was involved in the publication of this release.” Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

Lighthouse Learning Expands Footprint Through Strategic Partnership with The Khaitan School
Asia
The Hindu BusinessLine

Torrent Pharma raises investment in Torrent Urja 27 to ₹11.88 cr to acquire 26% stake

Torrent Pharmaceuticals Ltd has increased its proposed investment in Torrent Urja 27 Pvt Ltd to ₹11.88 crore to acquire a 26 per cent stake, following an increase in project capacity, according to a regulatory filing on Monday. The company had earlier entered into an agreement to invest ₹7.9 crore for the stake. An amendment agreement to the share subscription and shareholders' agreement was executed on Monday to enhance the investment to ₹11.88 crore from ₹7.9 crore for 1,18,79,010 Class A equity shares of face value Rs 10 each, the filing said. Torrent Urja 27 is setting up a captive hybrid (solar and wind) power project in Gujarat. The transaction aims to enhance Torrent Pharma's share of renewable power sources and fulfil the regulatory criteria for a captive user under Indian electricity laws, it said. The acquisition is being done on an arm's length basis for cash consideration and is expected to be completed in 18-21 months. Torrent Urja, currently a wholly owned subsidiary of Torrent Green Energy Private Ltd, is a special purpose vehicle formed for setting up captive power projects in Gujarat. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Torrent Pharma raises investment in Torrent Urja 27 to ₹11.88 cr to acquire 26% stake
Europe
BBC Business

Canadian province sues OpenAI over Tumbler Ridge school shooting

Image source, ReutersByRachel ClunBusiness reporterPublished22 September 2026, 02:44 BSTA Canadian province is suing OpenAI over its alleged failure to notify authorities about concerning user interactions on ChatGPT prior to the Tumbler Ridge mass shooting. The company has previously apologised for not flagging Jessie Van Rootselaar's account to law enforcement before the 18-year-old killed eight people, including six children, in February. British Columbia attorney general Niki Sharma said the lawsuit, filed to a US federal court on Monday, raised questions about "the responsibilities of technology companies when they become aware of credible threats of serious violence". Families of those killed or injured in the shooting have filed separate lawsuits against OpenAI. Media reports revealed that Van Rootselaar's ChatGPT activity was flagged by OpenAI's safety team for references to gun violence months before the attack, but the company did not alert local authorities. In April, OpenAI's chief executive Sam Altman apologised to the families of the victims. "I am deeply sorry that we did not alert law enforcement," Altman wrote in an open letter. "To date, OpenAI has not taken meaningful steps to address the concerns raised by survivors, families and the Tumbler Ridge community," Sharma said in a statement. "The company still has an opportunity to demonstrate accountability by strengthening safeguards, improving transparency and taking concrete action to help prevent similar tragedies in the future." Speaking to reporters on Monday, Sharma said she had not read the contents of the OpenAI chats. "We have asked OpenAI to disclose these chats. They have refused. We should all be asking them: Why?" she said, according to CBC, external. Sharma said the lawsuit was filed in California, as the alleged decision not to report the shooter's ChatGPT account occurred in that US state, according to AFP.

Canadian province sues OpenAI over Tumbler Ridge school shooting
Europe
BBC Business

Flights at major US airports delayed after cable cut by construction workers

Hundreds of flights have been delayed at major airports in the US after construction workers accidentally cut a cable needed for air traffic control. Ground stops and delays were issued on Monday afternoon for airports in New York, Pennsylvania, New Jersey and Massachusetts. Hours later, US Transportation Secretary Sean Duffy said the cable had been repaired and airports would resume normal operations, though delays were still expected. The major east coast disruption came ahead of the UN General Assembly (UNGA) in New York City on Tuesday, which is expected to be attended by scores of world leaders arriving into New York-area airports. That includes UK Prime Minister Andy Burnham, who managed to board his flight before the delays began and arrived as planned. The delays happened after the damaged cable impacted the Terminal Radar Approach Control system, which is used to guide planes during takeoff and landing, transport officials said. New Jersey public transportation agency NJ Transit told CBS News, the BBC's US partner, that its construction workers had accidentally severed the line and that markers had been wrongly placed at the digging site. Duffy earlier said the damage was caused by workers from Amtrak, the US national operator of intercity railroad service, who were doing the construction work. This "caused a telecom outage" which forced the Federal Aviation Administration (FAA) to ground flights, Duffy posted on X. An Amtrak spokesperson said in a statement, reported by US media, that the incident involved a NJ Transit contractor. Telecommunications company Verizon, which owns the cable, also said it was not responsible. The severed cable was actually a backup network, and the error was only discovered after the primary circuit failed, according to the head of the FAA, Bryan Bedford. Newark Liberty International Airport in New Jersey - one of the three major airports that services New York City - was the most heavily impacted by today's air traffic control disruptions, according to flight-tracking website FlightAware. It reported that 267 departing flights were delayed today, while a further 257 flights destined for Newark were also delayed.

Flights at major US airports delayed after cable cut by construction workers