Investors lose Rs 10 lakh crore amid Middle East conflict
India equity indices closed in the deep red on Thursday amid conflict in the Middle East.
On 18 June, the submersible went on an expedition to explore the wreckage of the sunken Titanic off the coast of Newfoundland but two hours later it lost the communication
In a tragic loss of life of five people aboard the Titan Submarine, an investigation has been initiated by Canadian safety officials, and questions are being raised about its safety standards. In a statement on Friday, Canada’s Transportation Safety Board (TSB) said it was launching a “safety investigation regarding the circumstances” of Titan’s operation because its surface support vessel, the Polar Prince, was a Canadian-flagged ship.
OceanGate CEO Stockton Rush is being criticised as it is being said that the Titan Submarine which has now vanished in the deep waters lacked safety certification.
It is also being said that the CEO Stockton Rush was ignoring the safety warnings, reported the BBC. Rush, allegedly described criticism of Titan’s safety measures as “baseless lies” from “industry players” who were trying to stop “new entrants from entering their small existing market”, in messages seen by the BBC.
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Focus has turned to the ‘how’ and ‘why’ of the disastrous implosion happen to the Titanic-bound submersible. The missing sub was destroyed in a ‘catastrophic implosion’ during descent and all five aboard were killed. On 18 June, the submersible went on an expedition to explore the wreckage of the sunken Titanic off the coast of Newfoundland but two hours later it lost the communication.
The submersible craft which was carrying five people had gone missing in the area of the Titanic wreck in the North Atlantic since Sunday, prompting a search and rescue operation led by the U.S. Coast Guard. The vessel was owned by OceanGate. The news got widespread attention of people worldwide, as they anxiously awaited updates regarding the well-being of the individuals on board and any additional details about the submersible.
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