Jet Airways seeks shareholders' approval on capital boost
Jet Airways said it would seek shareholder approval to issue new equity and convert existing debt into equity among other things at a special meeting on Feb. 21, as the beleaguered airline attempts to stay afloat. The company will also seek approval to allow its lenders to nominate directors to its board, the airline said in a regulatory filing. Saddled with a debt of about 80.52 billion rupees ($1.14 billion) as of Sept. 30, Jet is desperately searching for a deal that could help mitigate its severe liquidity crunch.
Samsung dials 'M' to take on Xiaomi
South Korean tech giant Samsung Monday launched its Galaxy M smartphones in the country, a series that has been designed to ground up in India, as it looks to re-capture its pole position from rival Xiaomi. Samsung has launched two models - M20 and M10 - priced at Rs 7,990 onwards that will be available online from February 5.
Rahul Gandhi promises Universal Basic Income; what does it mean, how will it benefit people?
Congress President Rahul Gandhi on Monday said the Congress, if voted to power, will announce Universal Basic Income (UBI) for all poor families. During the 'Kisaan Abhaar Sammelan' held in Chhattisgarh to express gratitude to people for voting the party to power in the state, Rahul said Congress would ensure that the RBI allowed certain basic income for every individual in the country.
US files criminal charges against Huawei for violating Iran sanctions and stealing trade secrets
The Justice Department unsealed criminal charges Monday against Chinese tech giant Huawei, a top company executive and several subsidiaries, alleging the company stole trade secrets, misled banks about its business and violated U.S. sanctions. The charges were announced just before a crucial two-day round of trade talks between the United States and China are scheduled to begin in Washington. Trade analysts say they could dim prospects for a breakthrough.
India fields Ramesh Chand for top post at UN's Food Agriculture Organisation
After lying low for nearly five decades at agri-related international platforms, India has decided to field a candidate for leadership position at the United Nation's Food and Agriculture Organisation or FAO. PMO officials confirmed that India has nominated Ramesh Chand, member of the NITI Aayog and the Finance Commission, for the job. The FAO aides food programmes in nearly 150 poorer countries. As per the rotation policy, this time the position may go to a candidate from either Europe or Asia.
Dubai airport retains its position as world's busiest airport in 2018
Dubai International Airport on Monday said it has retained its position as the world's busiest airport for the fifth consecutive year in a row in 2018 with Indian travellers emerging as the largest source of traffic for the airport which registered a record footfall of over 89 million. Annual traffic at the major transit hub rose slightly to 89,15 million passengers, up just over 1.0 per cent on the number who used the airport in 2017, it said in a statement.
Honor View 20 with 48 MP rear camera to launch in India today
Huawei's sub-brand Honor will launch Honor View 20 in India today.Honor View 20 has a hole-punch camera for selfies placed in the top-left corner. The View 20's earpiece is housed on top display bezel. Last week, Honor released a global variant of Honor view 20 which was the variant of the Honor 20 launched in China in December
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