Vijay Mallya says he didn't borrow single rupee, it was Kingfisher Airlines : Bulletin: Business Today
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Vijay Mallya says he didn't borrow single rupee, it was Kingfisher Airlines

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December 7, 2018

OPEC to consider views of PM Modi, other world leaders before cutting oil production, says Saudi minister

Oil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said . India is the world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs. Led by Modi, it has been very strongly making a case for oil producers' cartel OPEC to price crude at reasonable and responsible rates.

Vijay Mallya says he didn't borrow single rupee, it was Kingfisher Airlines

On Wednesday, fugitive liquor baron Vijay Mallya posted a flurry of tweets reiterating that he has been offering to repay the entire loan since 2016. Mallya who owes money to the tune of Rs 9,000 crore to various banks defended himself by asking why does he not get fair treatment and why doesn't his comprehensive settlement offer hear the same "loud noise".Mallya, who appeared rather on edge, carried on the tirade on Twitter the next day as well

China tells Canada to release Huawei CFO; warns 'correct the mistake'

China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the U.S. and threatens to complicate trade talks. Meng Wanzhou, chief financial officer of Huawei Technologies Ltd., faces possible extradition to the United States, according to Canadian authorities. The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying to evade U.S. trade curbs on Iran. Huawei has been the target of deepening U.S. security concerns.

Facebook to monitor Indian political ads in run-up to 2019 General Elections

Indian advertisers wanting to run political ads on Facebook will have to confirm their identity and location to help prevent abuse of the system in the build-up to national elections, the company said on Thursday.Facebook Inc - under increasing scrutiny following the Cambridge Analytica scandal - said it would start verifying ads from Thursday and, from next year, show a disclaimer on all political ads giving more information on who placed them.
 
IBM to sell some of its software business to HCL


International Business Machines Corp on Thursday, said it would sell some of its software products business to Indian software services exporter HCL Technologies for $1.80 billion. The software products in scope represent a total addressable market of more than $50 billion, IBM said in a statement.
 
DGCA advises training for 737 MAX pilots after Lion Air crash

Pilots flying Boeing Co's 737 MAX jets in India should be trained on a simulator that replicates the suspected scenario that led to the Lion Air crash, the aviation regulator has said. An Indonesian Lion Air 737 MAX passenger jet flying to Jakarta from Bali crashed on Oct. 29, killing all 189 people on board.While Directorate General of Civil Aviation (DGCA) recommended more training, it said Jet Airways Ltd and SpiceJet Ltd, which operate 737 MAX jets in India, have not had problems with the aircraft.
 
WhatsApp yet to give data localisation compliance timeline to NPCI
 
National Payment Corporation of India (NPCI) has not been given any timeline by WhatsApp regarding data localisation compliance, indicating that the Facebook owned company would store payments data only in India. Earlier, the Ministry of Electronics and Information Technology (MeitY) had asked NPCI to check whether WhatsApp's payment service conformed to the RBI rules. On April 5, 2018, RBI had said that all payment system operators will have to ensure that data related to payments is stored only in India and firms would have six months to comply with it. WhatsApp was also asked to not store any mirror copies of the data outside of India.
 
Jet Airways to pay salaries in instalments to senior staff till April


Crisis-hit Jet Airways will pay salaries to its senior staff, including pilots, in instalments till April, sources said. The full service carrier, which has been grappling with financial woes, would give this month 75 per cent of the October salary, of which 25 per cent is expected to be credited on Thursday, they added.The sources said the payment schedule was discussed with pilots during their meeting with Jet Airways CEO Vinay Dube.


 

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