Vijay Mallya once again offers '100% payback' to Indian banks : Bulletin: Business Today
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Vijay Mallya once again offers '100% payback' to Indian banks

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April 30, 2019

Boeing wins confidence of shareholders, prepares for key 737 MAX test flight

The aerospace giant, under scrutiny following the crashes that killed 346 passengers and crew and grounded the MAX worldwide, won a vote of confidence from its investors, even as company management faced tough questions over plane design and the possible missteps in getting the aircraft to market. Boeing expects the Federal Aviation Administration to conduct a test flight by the end of next week of the software fix it developed for the flight system on the 737 MAX, a company spokesman said Monday.

Jaypee insolvency case: Lead lender IDBI seeks deadline extension

Debt-ridden Jaypee Infratech's lead lender IDBI Monday approached the National Company Law Tribunal (NCLT) seeking extension of insolvency proceedings beyond the May 6 deadline as the process is still underway to find a buyer for the Jaypee group's realty firm. The bank has approached the Allahabad bench of the NCLT court to extend the Corporate Insolvency Resolution Process (CIRP) as the deadline expires on May 6, sources said.

Google parent's Alphabet shares dive as YouTube changes, competition hurt revenue

Alphabet Inc's Google on Monday saw its slowest revenue growth in three years from increased competition in advertising, stumbles in its smartphone business and disruptive changes at YouTube that left the leading internet ad company lagging rivals. Shares of Alphabet dropped 7.5 percent after hours, setting them up for the biggest one-day drop since falling 8 percent in October 2012.
 
Vijay Mallya once again offers '100% payback' to Indian banks

Vijay Mallya reiterated his promise of "100 per cent payback" to state-owned Indian banks to cover the outstanding debt against his Kingfisher Airlines. The fugitive liquor baron took to Twitter on Monday to lament the downfall of Jet Airways, comparing it to the closure of Kingfisher Airlines. Last year in December, Mallya had offered to pay back the Indian banks in full, asking them to "Please take it"

Trump again goes after India on trade, says it slaps 'big tariffs' on American products

President Donald Trump has criticised India's "big tariffs" on American paper products and the iconic Harley-Davidson bikes, saying the US has been losing billions of dollars to countries like India, China and Japan. Addressing a Republican political rally Trump alleged that every country has been ripping off America for years. The President has repeatedly claimed that India is a "tariff king" and imposes "tremendously high" tariffs on American products

Hindu nationalist group close to BJP accuses PepsiCo of coercing farmers

An influential Hindu nationalist group with close ties to Prime Minister Narendra Modi's ruling Bharatiya Janata Party (BJP) has accused PepsiCo Inc of coercing four Indian farmers who have been sued by the US company for allegedly infringing a patent. After suing four farmers for cultivating the FC5 potato variety, grown exclusively for PepsiCo's popular Lay's potato chips, the snack food and drinks maker on Friday said it wants to "amicably settle" the issue. Ashwani Mahajan, who heads the Swadeshi Jagran Manch, said PepsiCo was "coercing" the farmers by using legal action to force them to either sell their output to the company or to stop growing the FC5 potato variety at all.
 
Paytm launches recurring payments service for merchants

Paytm has launched recurring payment (auto pay) service for merchants that are working on a digital subscription model. The move will allow the subscription-based businesses to collect payments from their subscribers effortlessly.The auto pay service is targeted at people who use Paytm for bill payments, content subscription, grocery purchases, membership fees, housing society payments etc.

 



 



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