PNB fraud: CBI raids top Mumbai law firm
Mumbai: The Central Bureau of Investigations (CBI) raided the offices of a well-known legal firm as part of the ongoing probe into the Rs 11,300 crore Punjab National Bank (PNB) fraud here on Monday.
The CBI sleuths last week swooped on the offices of Cyril Amarchand Mangaldas, a leading firm which was reportedly hired by Nirav Modi around a month before the scam broke in mid-February, at their offices in Lower Parel here.
The CBI examined the documents provided by the firm pertaining to the Nirav Modi-related mandate, which the company later reportedly terminated after the scam erupted on February 14.
CBI Director Alok Kumar Verma on Monday directed the officials in charge of the investigation to "complete (it) within the stipulated time" and has also asked them "not to spare anyone found involved".
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Air India, Air India Express to levy fuel surcharge on tickets; airfares to rise
New Delhi (PTI): Airfares are set to rise with Air India and Air India Express deciding to levy a fuel surcharge of Rs 399 on each domestic flight ticket from March 12 and also hike the charge for international bookings due to a steep rise in jet fuel prices amid the Middle East conflict.
The new fuel surcharges will be implemented in a phased manner.
Regretting the need for fuel surcharges, Air India on Tuesday said that without such surcharges, "it is likely that some flights would be unable to cover operating costs and would have to be cancelled".
In the first phase, a fuel surcharge of Rs 399 per domestic flight ticket would be imposed from March 12, and the same will also be applicable for SAARC flights, a statement said on Tuesday.
For West Asia flights, the fuel surcharge will be USD 10 and hiked by USD 30 to USD 90 for Africa flights and by USD 20 to USD 60 for Southeast Asia services.
All these changes will be effective from March 12, including for flights to and from Singapore. Currently, there is no fuel surcharge for Singapore services.
In the second phase, Air India will increase the fuel surcharge by USD 25 to USD 50 for flights to Europe, North America and Australia starting from March 18.
Fuel surcharge for Europe flights will rise to USD 125 from USD 100, and for North America flights, the same will increase from USD 150 to USD 200.
As per the statement, the fuel surcharge for Australia flights will increase from USD 150 to USD 200.
Currently, Air India Express does not levy fuel surcharges on any of its flights.
"Air India group today announced a phased expansion of a fuel surcharge on its domestic and international routes, necessitated by the steep rise in jet fuel prices arising from the geopolitical situation in the Gulf region," the statement said.
Since early March 2026, the statement that Aviation Turbine Fuel (ATF), which accounts for nearly 40 per cent of an airline's operating costs, has seen significant price escalation due to supply interruptions.
"In India, this pressure is amplified by high Excise Duty and VAT on ATF in major metro cities such as Delhi and Mumbai, magnifying the cost impact and placing substantial strain on airline operating economics," it said.
For the avoidance of doubt, the statement said that tickets that have already been issued prior to the above times will not attract the new surcharge unless customers seek date or itinerary changes that require a recalculation of the fare.
There was no announcement regarding fuel surcharges from IndiGo, SpiceJet and Akasa Air.
