India to skip China's BRF meet for second time in a row
China will hold its 2nd Belt and Road Forum (BRF) from Thursday to showcase its trillion-dollar Belt and Road Initiative (BRI) without India's presence for the second consecutive time, while 37 heads of the state and government, including from Pakistan, would attend the three-day grand event. The BRI was launched by Chinese President Xi Jinping when he came to power in 2013. It aims to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea routes.
WeWork India, others offer jobs to Jet Airways employees
US-based co-working operator WeWork on Wednesday said it will offer job opportunities to Jet Airways employees, who were affected by the recent suspension of operations. Running into a debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival.
Tata Tele in talks with ATC to sell entire stake in tower biz for Rs 2,500 crore
Tata Teleservices is in talks with American Tower Corporation to sell its entire stake in the mobile tower business for about Rs 2,500 crore at a price of Rs 212 per share.
British entrepreneur Jason Unsworth takes up offer to buy stake in Jet Airways with lenders
Jason Unsworth, the British entrepreneur who had expressed interest in acquiring a controlling stake in Jet Airways, has been asked by the airline to take up the matter with its consortium of lenders. In a filing to the stock exchanges, Jet Airways said that Unsworth has been asked to interact with SBI Caps Limited that is leading the resolution plan for the embattled carrier.
Boeing puts cost of 737 MAX crisis at USD 1 bn
Boeing said Wednesday that its 737 MAX crisis had cost USD 1 billion in the first quarter as it withdrew its 2019 profit forecast on continued uncertainty about when the grounded jets will fly again after two deadly crashes. The US aerospace giant also cited spending on the software fix and related training, according to an earnings presentation released that listed the USD 1 billion in 737 program costs.
We remain committed to continuously enhancing safety features for users: TikTok
TikTok said it remains committed to "continuously enhancing" safety features for its 120 million users in India after the Madras High Court on Wednesday lifted ban on the short-video app. The Madras HC has lifted its earlier ban on the Chinese short-video app with the condition that the content hosted using it should be free from obscene videos of children and women.