At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
The funds will be used to expand the merchant offerings across India to equip them with technology and various other services.
South Africa bowled poorly in the first hour, but still managed to reduce the visitors to 54 for three as Sri Lanka gave their wickets away with injudicious stroke-play.
The players, led by Quinton de Kock, raised their firsts after singing the South African national anthem
When it comes to stock market investing, following the crowd often results in losses. Why replicate the mediocrity of the masses when you can clone the success of the world's greatest investor, Warren Buffett?
The Pentagon accidentally shipped live samples of deadly anthrax to private laboratories in nine US states and bases in South Korea, forcing authorities to put up to 26 workers in post-exposure treatment.
Elon Musk is one of the world's most successful entrepreneurs.
Here are the best images from across the world from the previous week.
Berkshire has reduced its stake as various regulatory inquiries and a slowdown in the business of rating lucrative structured bonds has taken a toll.
Picking holes in the statement of former Madhya Pradesh chief minister Arjun Singh on Union Carbide Corporation CEO Warren Anderson's exit from India after the Bhopal gas tragedy, the Bharatiya Janata Party asked the government and Congress to come clear on the issue on Thursday.
Jose Mourinho will be desperate to prove he is not past his best after being sacked by Chelsea and Manchester United.
India's challenge at the Japan Super Series came to a grinding halt when shuttler Kidambi Srikanth crashed out of the tournament after suffering a defeat in the quarter-finals of the men's singles event here on Friday.
Maharaja Krishna Rasgotra, was India's foreign secretary at the time of the Bhopal gas disaster in 1984. speaks on whether Union Carbide Corporation chief Warren Anderson asked for and received safe passage, and did Anderson meet senior officials of the government of India while he was in the country.
A 12-year-old Indian American activist tried to issue summons for Warren Anderson, former chief of Union Carbide over the deadliest 1984 gas disaster in Bhopal.
The 28-year-old Starc finished with a match haul of nine for 109, enabling him to overtake South Africa's new-ball bowlers Morne Morkel and Vernon Philander among others, eclipsing his previous best sixth position that he enjoyed in December 2016.
India had other heroes as well whose contributions at different stages were extremely crucial, but have gone unnoticed in the 10 years since that glorious victory.
They have the license to thrill in cash-rich T20 leagues but the hard-hitting West Indies batsmen will feel 'situational pressure' in their World Cup game against India, feels leg-spinner Yuzvendra Chahal.
Sanders is the second Democratic presidential nominee after Senator Elizabeth Warren to speak against the violence over the Citizenship Amendment Act in New Delhi.
Sumit Roy, an MBA, shares a simple formula to cut down expenses and save money post lockdown.
Reeza Hendricks and Rassie van der Dussen impressed with the bat as a much-changed South Africa defeated Sri Lanka by 16 runs to seal the Twenty20 International series at Centurion Park on Friday.
Billionaire investor Warren Buffett, who is a leading shareholder in Kraft Foods, has warned the US foods firm against overpaying for the British confectionery firm Cadbury, a media report says.
Stokes' father Ged suffered a stroke just days after arriving in the country to follow his son on tour and is still hospitalised.
We believe there are certain behavioral stumbling blocks that explain why there are very few value investors despite all the media coverage the discipline receives.
Stocks can be as tricky a business for novice investors as they are for seasoned players.
Others on the list include Warren Buffett and Astrid Menks.
US President-elect Barack Obama has appointed a 17-member high-level team of advisers including billionaire investor Warren Buffett and Google chief executive Eric Schmidt to guide him in channelising the economy, a media report says.
The officials revealed that hospital admissions, particularly in London which was way ahead in terms of the infection than other parts of Britain, is continuing a downward trend and the number of people in critical care is also falling across the board.
England's players will avoid shaking hands and instead greet each other with fist bumps on their tour of Sri Lanka in a bid to avoid the coronavirus, captain Joe Root said. He claimed as of now the tour will continue as per schedule despite the coronavirus spreading throughout the world.
Obama and McCain participated in a town hall style meeting moderated by Saddleback Church pastor Rick Warren.
Nine more wealthy families and individuals have pledged to give at least half of their fortunes to charity as part of a philanthropic campaign.
The government has created a comprehensive budget with sharp focus on sustaining economic activity and investment but more clarity is needed on areas like taxation framework for adopting remote working on a long-term basis, IT body Nasscom said on Monday. The industry association noted that the IT/ITeS (Information Technology-enabled Services) industry has been a key driver of growth and jobs in 2020 and there is an opportunity to significantly accelerate it further. "For the IT sector, one of the biggest needs ahead of us is the development of future business models, with hybrid working becoming a reality. "We look forward for the government to provide clarity on providing a framework in direct taxes and indirect taxes for the industry to adopt WFH/remote working on a long-term basis," Nasscom said in a statement.
The world's richest people have become poorer.
They don't call him "The Oracle" for nothing.
In another twist to the German minor rape case, the girl's mother on Thursday told police that State Public Works Department Minister Churchill Alemao's nephew, Warren Alemao, had also sexually abused the 14-year-old girl along with Education Minister Atanasio Monserratte's son Rohit.
The list was topped by Oracle's Larry Ellison last year.
Mom-to-be Jessica Alba and Cash Warren have gotten married, People magazine confirmed. The couple got quietly married on Monday at a Beverly Hills courthouse.
De Kock, 23, became the youngest player to record 10 ODI hundreds
The fate of Islamic State chief Abu Bakr al-Baghdadi, who was reportedly targetted during airstrikes last weekend in Iraq, is still not known.
Shehraz Sarwar caused alarm with his behaviour during turbulence on-board an Emirates Boeing 777 from Dubai to Birmingham in February this year.
Tapes of pre-bombing conversations involving key suspects, Talwinder Singh Parmar and Inderjit Singh Reyat, had been erased.
