Top biz headlines today: SC Maharashtra order, Zee chairman quits & more

From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.

1. DGCA tells IndiGo to replace unmodified P&W engines in Neo aircraft

The aviation regulator on Monday barred the country’s largest carrier, IndiGo, from operating Airbus A320 and 321 Neo aircraft having turbine blades built with titanium, which is prone to damage leading to mid-air engine shut down. The airline will have to replace such aircraft with those having sturdier engine turbine blades built with nickel-chromium alloy, according to a directive issued by the Directorate General of Civil Aviation (DGCA). Read More

2. After stake sale, Subhash Chandra quits as Zee Entertainment chairman

Subhash Chandra, who ushered