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Boeing denies Air India's $500m compensation claims
Mar 15, 3:42 pm
London, Mar.15 (ANI): American aircraft manufacturer Boeing has denied Indian Government claims that it had agreed to pay 500 million dollars as compensation to national carrier Air India for delays on aircraft deliveries.According to the BBC, Air India has been seeking this compensation for delays in the delivery of planes it ordered in 2005, including 27 Boeing 787s.It quoted an Indian civil aviation ministry official-Prashant Sukul - as claiming that Boeing had agreed to pay the 500 million dollars a fortnight ago.Deliveries of the 787 Dreamliner have been delayed for three years.However, Boeing said it had not agreed any such deal."We don't comment on deals that we've done. But I can tell you we're not writing anybody a cheque for $500m," said Jim Albaugh, chief executive of Boeing. (ANI)
RIL-BP make gas discovery in KG-D6 block
May 25, 6:05 pm
Mumbai, May 25 (ANI): Reliance Industries Limited (RIL) has announced a huge natural gas discovery in the flagging eastern offshore KG-D6 block which would help in arresting falling output.
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News Corp. Board approved company's split into two public traded entities
May 25, 5:11 pm
London, May 25 (ANI): News Corporation Board has approved the split of its company into two publicly traded entities putting a step forward in separating its entertainment businesses from the publishing division.
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Japan's ORIX announces capital participation in major Mongolian financial firm
May 25, 1:40 pm
Tokyo, May 25 (ANI): Orix Corporation, a leading integrated financial services group of Japan, has announced its decision to foray into the Mongolian financial services business through an alliance with TenGer Financial Group (TFG), a major Mongolian financial group.
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China planning to give private businesses larger role in economy
May 25, 12:32 pm
Washington, May 25 (ANI): China is planning to give a larger role to private businesses and market forces in its economy.
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