Category: Business

Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake to 49 per cent. Jet Airways founder Naresh Goyal has agreed to reduce his stake to 20% and step down from the post of Chairman. Jet Airways…

Prime Minister Narendra Modi’s government has set a target of electric vehicles making up 30 per cent of new sales of cars and two-wheelers by 2030 from less than 1 per cent today. Despite incentives for electric cars, India’s EV manufacturers are choosing to produce e-Scooters instead which have fewer regulations…

U.S. drugmaker Pfizer Inc said it was shutting down two manufacturing plants in India that make generic injectables like penicillin in response to falling demand. Pfizer is an American pharmaceutical corporation headquartered in New York City, with its research headquarters in Groton, Connecticut. It is one…

After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market. Tesla, Inc. founded in 2003, is an American multinational corporation based in Palo Alto, California, that specializes in electric vehicles, lithium-ion battery energy…

Qatar Airways has acquired 5 per cent of China Southern Airlines as part of the carrier’s strategy to invest in robust airlines around the world. The acquisition seeks closer cooperation and a long-term relationship beyond stake transaction. Qatar is currently a strategic ally of China, with the…

Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China arising from the ongoing trade war. This is the first time in 15 years Apple has to revise its own sales predictions for a holiday season. Apple Inc. is one of the most successful multinational technology…

Carlos Ghosn, former Nissan chief has been rearrested by special investigation squad of Tokyo District Public Prosecutors Office for alleged aggravated breach of trust under the Companies Law. He faces up to 10 years in prison, a fine of 10m yen, or both if he is found guilty. Carlos Ghosn is a Lebanese–Brazilian…

The crash of a Boeing Co. plane, that killed 189 people in Indonesia, is spiralling into a $22 billion feud between the aircraft maker and one of Asia’s most influential aviation companies. In a rare public dispute between the planemaker and one of its biggest customers, the head of PT…

Meng Wanzhou, Huawei’s chief financial officer and daughter of the company’s founder was arrested in Canada at the request of US authorities. She faces extradition to the US. The arrest threatens to derail a truce in the trade war between the US and China. Huawei is a Chinese tech company based in Shenzhen…

The world’s largest container shipping company has pledged to cut net carbon emissions to zero by 2050. Maersk’s decision will drastically change an industry that is both the largest transporter and the biggest polluter. A.P. Moller–Maersk Group is a Danish business conglomerate with activities in the transport, logistics…