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Etihad Airways to telecast all FIFA matches live at 30,000 feet
NEW DELHI: The United Arab Emirates airline Etihad Airways is to be beam live every FIFA World Cup football match live on all of the air carrier’s long haul aircraft during the month long tournament.
All 64 games will be transmitted live at 30,000 feet on the airline’s modern, wide-bodied fleet of planes by IMG Media using Etihad Airways’ state-of-the-art interactive inflight entertainment system, E-box, powered by Panasonic technology.
The E-box screens are installed in seats for every class of cabin – first, business and economy – so for flying football fans, no-one need miss a goal being scored. Etihad Airways chief commercial officer Peter Baumgartner said, “The FIFA World Cup is the biggest and most exciting sporting event in the world and I’m delighted that all of our guests will be able to watch every match while they fly with us on their long-haul business or holiday flights.”
He added, “I hope that they sit back, relax and enjoy the great football action. Etihad Airways non-stop daily flights from Abu Dhabi to Sao Paulo have been in operation since June and there has been great demand from British, Dutch and Belgian expatriates living in the UAE capital and connecting markets because their national teams play matches in the Brazilian city in the next two weeks. Etihad Airways employs 49 of Brazilian nationals as cabin crew, many of whom will work on board flights between Abu Dhabi and Sao Paulo during the World Cup.”
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Reserve Bank of India cancels Paytm Payments Bank licence
Central bank cites compliance failures; curbs tighten as wind-up looms
MUMBAI: India’s banking watchdog delivered its sharpest blow yet to Paytm Payments Bank, cancelling its licence and effectively ending its ability to operate as a bank under the law.
The Reserve Bank of India said the entity can no longer conduct banking business under the Banking Regulation Act, citing concerns that its affairs were not being run in the interest of depositors or the public and that it had failed to meet licence conditions.
The move escalates a crackdown that has been building for months. The bank had already been barred from onboarding new customers since March 11, 2022, and later faced restrictions on deposits, credit and wallet top-ups. In January 2024, the central bank ordered it to stop accepting fresh deposits, pointing to persistent non-compliance, including lapses in customer due diligence, use of funds and technology systems.
Operationally, the bank is now on a tight leash. It may process withdrawals of existing deposits and facilitate loan referrals through banking correspondents, but it cannot take fresh deposits.
The central bank said it would apply to the high court to wind up the bank.
Paytm sought to ringfence the fallout. In a regulatory filing, it said the licence cancellation applies to Paytm Payments Bank Limited, a separate entity, and should not be attributed to One 97 Communications. It added that there is no exposure or material business arrangement with the bank and that it operates independently, without Paytm’s board or management involvement.
“As informed earlier, Paytm (One 97 Communications Limited) and its services, which have been operating without interruption, will continue to operate uninterrupted. These include the Paytm app, Paytm UPI, Paytm Gold and all other services offered by its subsidiaries and associated companies,” the company said.
The distinction may reassure users of the app ecosystem, but the regulator’s verdict is unequivocal. After years of warnings, caps and curbs, the payments bank experiment at Paytm is being shut down—decisively, and with little room left to manoeuvre.
