Well-heeled Indians betting on ‘blank cheque’ firms — the Wall Street term for special purpose acquisition companies or SPACs — have started receiving notices from the tax department. On the back of a raft of information shared by Bermuda, which like Cayman Islands, is a preferred jurisdiction for incorporating SPACs, the Income Tax (I-T) department … Read more
Around 11 passengers were reportedly hurt when a flight bound for Manchester was struck with “freak turbulence”. The incident affected British passengers who had gone on a cruise with P&O Cruises’ Caribbean Fly-Cruise. Their chartered return flight, Maleth Aero Flight 1975, was hit with turbulence. According to reports in the English media, some passengers were … Read more
A TRAVELLER has told of how her flight back home erupted into “sheer chaos” after the plane started plummeting. The woman says she was jetting back to Manchester when the P&O charter plane hit what’s been described as “freak turbulence”, injuring 11 people. 2 A jet setter has claimed a flight she was on erupted … Read more
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