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TIRANA, Oct 17 (Reuters) - Europe is seeing a rise of "Islamist terrorism" and all states are threatened, French President Emmanuel Macron said on Tuesday during a visit to Albania, after Islamist killings of a teacher in France and two Swedish football fans in Belgium. Macron spoke a day after a 45-year-old attacker, who identified himself as a member of Islamic State and claimed responsibility in a video posted online, killed the two Swedes fans in Brussels. All European states are vulnerable, and there is indeed a resurgence of Islamist terrorism," Macron said after talks with Albanian Prime Minister Edi Rama in Tirana. "Here, we reiterate our solidarity with our Belgian friends," Macron said. "Israel's security, the fight against all terrorist groups, as well as the peace process and the political solution, are all interconnected," he said.
Persons: Emmanuel Macron, Macron, Florian Goga, Fatos, Hedy Beloucif, Marine Strauss, Ivana Sekularac, Mark Heinrich Our Organizations: Islamic, Albanian, Edi Rama, Thomson Locations: TIRANA, Europe, Albania, France, Belgium, Islamic State, Brussels, Paris, French, Arras, Tirana, Israel, Pristina
ROME (Reuters) - Italy and Britain want to lead the way in Europe in the fight against "illegal migration", the right-wing prime ministers of the two countries said in a joint op-ed published on Friday. The article is another show of unity between two governments whose tough approach on immigration has come under fire from charities and human rights advocates. French President Emmanuel Macron, Dutch Prime Minister Mark Rutte, Albanian Prime Minister Edi Rama, European Commission President Ursula von der Leyen also took part in the talks, held on the sidelines of a wider summit in Granada, Spain. At this meeting, "leaders committed to take action to support one another to tackle the challenges of illegal migration," Meloni and Sunak said, adding: "We're proud that Italy and the UK are leading on this together." (Reporting by Alvise Armellini; Editing by Stephen Coates)
Persons: Sunak, Emmanuel Macron, Mark Rutte, Ursula von der Leyen, Alvise Armellini, Stephen Coates Organizations: The Times, Albanian, Edi Rama Locations: ROME, Italy, Britain, Europe, Ukraine, Dutch, Granada, Spain
A controversial eye treatment from Apellis can lead to sharp returns for investors, according to JPMorgan. The bank upgraded the biopharmaceutical stock to overweight from neutral and raised its price target to $81 from $60. The drug aims to treat an eye disease called geographic atrophy, which, according to the Syfovre website, affects about 1 million people. APLS YTD mountain Apellis ytd chart Analyst Anupam Rama believes that Apellis' overall pipeline has only been strengthened by recent approvals of Syfovre. The analyst noted that some physicians who had initially paused treatment of Syfovre have already begun to return to prescribing the injection.
Persons: Anupam Rama, Apellis, Rama, Michael Bloom Organizations: JPMorgan, ~$ Locations: 4Q
ROME, Oct 6 (Reuters) - Italy and Britain want to lead the way in Europe in the fight against "illegal migration", the right-wing prime ministers of the two countries said in a joint op-ed published on Friday. The article is another show of unity between two governments whose tough approach on immigration has come under fire from charities and human rights advocates. French President Emmanuel Macron, Dutch Prime Minister Mark Rutte, Albanian Prime Minister Edi Rama, European Commission President Ursula von der Leyen also took part in the talks, held on the sidelines of a wider summit in Granada, Spain. At this meeting, "leaders committed to take action to support one another to tackle the challenges of illegal migration," Meloni and Sunak said, adding: "We're proud that Italy and the UK are leading on this together." Reporting by Alvise Armellini; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Sunak, Emmanuel Macron, Mark Rutte, Ursula von der Leyen, Alvise Armellini, Stephen Coates Organizations: The Times, Albanian, Edi Rama, Thomson Locations: Italy, Britain, Europe, Ukraine, Dutch, Granada, Spain
KATHMANDU, Oct 3 (Reuters) - Two earthquakes rocked western Nepal on Tuesday, injuring 17 people, damaging homes and triggering a landslide that blocked a major highway, authorities said. The temblors, centred in Talkot and Chainpur, struck at an interval of about 30 minutes. Police official Dipesh Chaudhary said 17 people - 11 women and six men - were injured and were being treated in hospital. One of the injured people was hit by a falling object, said Narayan Pandey, the top district official. Some homes in Chainpur, a town in the district, collapsed.
Persons: Rama Acharya, Dipesh Chaudhary, Narayan Pandey, Nilutpal, Gopal Sharma, Tanvi Mehta, Andrew Heavens, Clarence Fernandez, Bernadette Baum Organizations: Reuters, Police, Thomson Locations: KATHMANDU, Nepal, Bajhang, India, Talkot, New Delhi, Chainpur, Bengaluru, Kathmandu
A man walks past the logo of Vedanta outside its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui/file photo Acquire Licensing RightsBENGALURU, Sept 27 (Reuters) - Shares of Indian conglomerate Vedanta (VDAN.NS) fell to their lowest in over a year on Wednesday after Moody's Investors Service downgraded parent Vedanta Resources' senior unsecured bonds, citing a high risk of debt restructuring in the coming months. The rating agency also raised concerns about the ability of Vedanta Resources' operating subsidiaries to generate cash flow in a "softening commodity price environment." Moody's downgraded Vedanta Resources' unsecured bonds to Caa3 from Caa2, and the corporate family rating of the billionaire Anil Agarwal-owned company to Caa2 from Caa1 while maintaining a negative outlook. Vedanta was the top loser on the Nifty 100 index (.NIFTY100), which was down 0.26%.
Persons: Danish Siddiqui, Anil Agarwal, Vedanta, Rama Venkat, Dhanya Ann Thoppil Organizations: Vedanta, REUTERS, Danish, Rights, Moody's Investors Service, Resources, Vedanta Resources, Thomson Locations: Mumbai, India, Caa2, Caa1, Bengaluru
Podcast: The spy network under the sea
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +1 min
The United States and China are overhauling their espionage systems, out of sight and deep underwater, as cheaper new technology changes the game. Poland stops sending weapons to Ukraine. Assad visits China in search of funding and deeper ties. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Persons: Assad, Syria's Assad Organizations: Apple, Google, Reuters, Budweiser, Thomson Locations: United States, China, Poland, Ukraine, Clydesdale, Albania, America, China Poland
Ukraine's President Volodymyr Zelenskiy addresses the United Nations Security Council during a ministerial level meeting of the Security Council on the crisis in Ukraine at U.N. headquarters in New York, September 20, 2023. "There is a solution for this," Rama continued, addressing Nebenzia directly: "If you agree, you stop the war and President Zelenskiy will not take the floor." After the session, Zelenskiy thanked Rama on social media, saying the Albanian, who is both an artist and former basketball player, "showed the world how to correctly handle Russia, its lies, and its hypocrisy." When given the floor after the back-and-forth, Zelenskiy asked Russia be stripped of its veto right as one of five permanent members of the post-World War Two U.N. Security Council as punishment for attacking Ukraine. Reporting by Gabriela Baczynska; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.
Persons: Volodymyr Zelenskiy, Mike Segar, Volodomyr Zelenskiy's, Vassily Nebenzia, Rama, Nebenzia, Zelenskiy, Sergei Lavrov, Gabriela Baczynska, Howard Goller Organizations: United Nations Security Council, Security, REUTERS, UNITED NATIONS, Albanian, Edi Rama, NATO, Ukraine, Russian, Kyiv, Thomson Locations: Ukraine, U.N, New York, Moscow, Russia
ESA & NASA/Solar Orbiter/EUI team/Handout via REUTERS File Photo Acquire Licensing RightsBENGALURU, Sept 2 (Reuters) - Following quickly on the success of India's moon landing, the country's space agency launched a rocket on Saturday to study the sun in its first solar mission. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. While Russia had a more powerful rocket, India's Chandrayaan-3 out-endured the Luna-25 to execute a textbook landing. Prime Minister Modi is pushing for India's space missions to play a larger role on a world stage dominated by the United States and China. Satellites in low earth orbit are the main focus of global private players, which makes the Aditya-L1 mission a very important project," he said.
Persons: clapped, Luna, Modi, Sankar Subramanian, Somak Raychaudhury, Rama Rao Nidamanuri, Nivedita, Jayshree, William Mallard Organizations: Solar Orbiter, ESA, NASA, Solar, Rights, Indian Space Research, Elon, SpaceX, Indian Institute of Space Science, Technology, ISRO, Thomson Locations: India, Russia, United States, China, Bengaluru
"If the Chinese engineers don't arrive on time, then our cell line production will get impacted," Log9's co-founder and director, Pankaj Sharma, told Reuters. A delay of about four months in the issue of visas would hamper the speed at which its factory reaches peak production levels, Sharma said. Log9's Bengaluru factory, its only manufacturing unit currently, has an annual installed capacity of 250 MWh of battery production. Log9 has sold over 1,000 battery units so far in 2023 after clocking sales of 4,000 units last year, according to Sharma, who declined to disclose the production figures. The company will begin the next funding round by the end of this year or early next year, Sharma said.
Persons: Pankaj Sharma, Sharma, Amara Raja, Rama Venkat, Dhanya Skariachan, Eileen Soreng Organizations: Reuters, Maersk, Blue Dart Express, Quantum Energy, Hala, Malaysia's Petronas, Thomson Locations: BENGALURU, Bengaluru, New Delhi, China, India
"It doesn't matter whether you're an energy client, or a consumer products client, or a retail client, there is something about this megatrend that is going to impact your business model, your business," Variankaval told CNBC. Right now, Variankaval says, it's too soon to know exactly which climate tech companies are going to the winners and losers. It's a multi decade-long process," Variankaval told CNBC. In some segments of climate tech, there are debates about which solutions are better than others that take on a near religious fervor. So you need to diversify in terms of technologies, but also in time horizons," Variankaval told CNBC.
Persons: Rama Variankaval, decarbonization, Variankaval, Megatrend, , Joe Biden, Sen, Joe Manchin, Chuck Schumer, James Clyburn, Frank Pallone, Kathy Catsor, Drew Angerer, Biden, signe, It's, it's, That's, We're Organizations: JP Morgan Securities LLC, Aspen, Bloomberg, Getty, JPMorgan Chase, CNBC, JPMorgan, United Nations, Carbon, SC, White, Federal Reserve Locations: Miami Beach , Florida, Paris, decarbonization, United
Meet Khan Academy's AI tutor
  + stars: | 2023-08-21 | by ( Nadia Bidarian | ) edition.cnn.com   time to read: +10 min
More than 8,000 teachers and students will test education nonprofit Khan Academy’s artificial intelligence tutor in the classroom this upcoming school year, toying with its interactive features and funneling feedback to Khan Academy if the AI botches an answer. A conversation between CNN's Nadia Bidarian and Khanmigo, Khan Academy's AI chatbot tutor. Khan Lab School is a separate nonprofit founded by Khan Academy CEO Sal Khan. Khan Academy’s in-the-works AI learning course “AI 101 for Teachers,” created in partnership with Code.org, ETS and the International Society for Technology in Education, offers a path toward AI literacy among teachers. Imperfect, but improvingAn AI “tutor” like Khanmigo is not immune to the flubs all large language models face: so-called hallucinations.
Persons: , Khanmigo, George Washington, Cleopatra, Martin Luther King Jr, CNN's Nadia Bidarian, Khan, Kristen DiCerbo, she’s, DiCerbo, , Oz, ” DiCerbo, “ We’re, Albert Einstein, Einstein, Socrates, Christopher Nolan’s “ Oppenheimer, , Thomas Jefferson, Khanmigo’s Thomas Jefferson, GPT, Leo Lin, Sal Khan, they’ve, Khan Academy’s, ” Ernest Davis, Davis, it’s, ” Davis, Rama Ramakrishnan, ChatGPT, ” Ramakrishnan, “ It’s Organizations: CNN, Khan Academy, Khan, American, Khan Lab, . New York City Public Schools, Seattle Public Schools, Los Angeles Unified School District, EdWeek Research, Code.org, ETS, International Society for Technology, NYU, MIT Locations: Arizona, Independence, California, . New York, Education, United States
Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, February 2, 2023. Adani Ports said Deloitte, which does not audit any of the other six listed Adani group companies, had all the necessary information and its reason to quit was "not convincing." "The spotlight is back on Adani Group stocks and this time the auditor has raised concerns and resigned. The flagship Adani Enterprises (ADEL.NS) dropped 5.5%, while Adani Power (ADAN.NS), Adani Energy Solutions (ADAI.NS), Adani Wilmar (ADAW.NS), Adani Green Energy (ADNA.NS) and Adani Total Gas (ADAG.NS) declined between 3% and 5%. "In the near term, the Adani group stocks will likely remain under pressure and any re-rating will happen gradually when the water settles down."
Persons: Amit Dave, Hindenburg, Gautam Adani, Prashant Tapse, Adani, Avinash Gorakshakar, Rama Venkat, Savio D'Souza Organizations: Adani, REUTERS, Deloitte, Reuters, Adani Ports, Mehta, Adani Enterprises, Adani Energy Solutions, Energy, Profitmart Securities, Associates, BDO International, Thomson Locations: Ahmedabad, India, BENGALURU, Bengaluru
[1/6] Vacharaesorn Vivacharawongse, 42, the second-eldest son of Thailand's King Maha Vajiralongkorn arrives at the Foundation for Slum Child Care supported by the Royal Family, in Bangkok, Thailand, August 8, 2023. The trip by Vacharaesorn Vivacharawongse, 42, comes at a fraught time for the Thai royal family, with the monarch's eldest daughter in a coma since December. To me he is still a member of the royal family," said Angsana Seeprasit, 66. Vacharaesorn's younger sister was later re-embraced by the royal family and given the royal title Princess Sirivannavari Nariratana. The thrice-divorced King Vajiralongkorn has seven children.
Persons: Vivacharawongse, Thailand's, Maha Vajiralongkorn, Vacharaesorn Vivacharawongse, Vacharaesorn, King Bhumibol Adulyadej, Thais, Vacharaesorn's, SonOfTenReturnToThailand, King Rama X, Angsana Seeprasit, King Vajiralongkorn's, Sujarinee, Sirivannavari Nariratana, King Vajiralongkorn, Queen Suthida, Bajrakitiyabha Narendira, Kay Johnson, Robert Birsel Organizations: Foundation for Slum Child, REUTERS, Foundation for Slum, Household, Twitter, Thomson Locations: Bangkok, Thailand, BANGKOK, New York
Rare diseases treatment developer Travere Therapeutics has the potential for meaningful long-term value, according to JPMorgan. Analyst Anupam Rama initiated coverage on Travere with an overweight rating Friday. The December 2024 price target of $26 implies shares surging 66% from Thursday's close. Earlier this year, Filspari received accelerated approval from the U.S. Food and Drug Administration. The company is also awaiting regulatory feedback for pegtibatinase , which is designed to treat classical homocystinuria, a rare genetic metabolic disorder.
Persons: Anupam Rama, Filspari, Rama, — CNBC's Michael Bloom Organizations: Travere Therapeutics, JPMorgan, U.S . Food, Drug Administration Locations: Thursday's, U.S
Google says court order on Disney app fee in India temporary
  + stars: | 2023-07-19 | by ( ) www.reuters.com   time to read: +1 min
Disney in India has gone to court in what is the latest and most high-profile challenge to Google's policy of imposing a "service fee" of 11-26% on in-app payments. The service charge was introduced after an antitrust directive ruled against Google's earlier 15-30% fee and forced Google to allow third-party payments. An Indian court on Tuesday said Google should receive a lower 4% fee for in-app purchases from Disney+ Hotstar, and cannot remove Disney's app from its India app store, in what is a significant challenge to Google's payments business model. Disney, which runs the popular Disney+ Hotstar streaming app in India, has challenged Google's new billing system in a court in India's Tamil Nadu state. Its lawyers had argued Google was threatening to remove the Hotstar app if it didn't comply with new payments system.
Persons: Aditya Kalra, Tanvi Mehta, Rama Venkat, Nivedita Bhattacharjee Organizations: NEW, Google, Disney, Thomson Locations: NEW DELHI, BENGALURU, India, India's Tamil Nadu, New Delhi, Bengaluru
Proximus Opal, a unit of Belgian telecom service provider Proximus Group, has clients such as Salesforce and Bytedance, while Route Mobile's clients include Amazon and Indian telecom service provider Airtel. However, Clear Bridge Ventures, an affiliate of some Route Mobile promoters, will buy a minority stake of up to 14.5% in Proximus Opal for about 299.6 million euros (nearly $337 million). Proximus Opal will also have to make an offer to buy an additional stake of up to 26% in Route Mobile at the same price from retail shareholders, according to Indian regulations. "The partnership ... paves the way for Route Mobile to achieve a billion-dollar annual revenue run-rate much sooner than the anticipated 3-4 year time frame," said Rajdip Gupta, Route Mobile's CEO, who will also lead the combined company. ($1 = 82.1570 Indian rupees) ($1 = 0.8910 euros)Reporting by Rama Venkat and Sethuraman NR in Bengaluru; Editing by Dhanya Ann Thoppil and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
Persons: Opal, Rajdip Gupta, Morgan Stanley, Rama Venkat, Sethuraman, Dhanya Ann Thoppil Organizations: Route Mobile, Proximus, Airtel, Mobile, Route, Clear, Ventures, Thomson Locations: BENGALURU, Belgian, India, Bengaluru
CNN —Kosovo President Vjosa Osmani condemned the brawl that erupted Thursday in Kosovo’s parliament between opposition and ruling party MPs, CNN’s affiliate N1 reported. In a live video broadcast of the Kosovan parliament, Prime Minister Albin Kurti was interrupted by opposition MPs and had water thrown at him following some shoving and brawling between ruling Vetevendosje party and opposition MPs. Glass was also heard breaking and the President of the Kosovo Assembly, Gljauk Konjufca, was also heard calling the police in the video. Fight breaks out between the opposition and ruling parliament members while Kosovan Prime Minister Albin Kurti was giving a speech. Albania’s Prime Minister Edi Rama also condemned the brawl.
Persons: Vjosa Osmani, Albin Kurti, Kurti, Glass, Gljauk Konjufca, Erkin, Osmani, , Edi Rama Organizations: CNN, Kosovo, Kosovan, Anadolu Agency, Getty, Albania’s, Edi, Federal Locations: Kosovo’s, Kosovo, Albanian, Kosovo Assembly, Serbia, Federal Republic of Yugoslavia, Montenegro, Serbs
Companies Tesla Inc FollowBENGALURU, July 13 (Reuters) - Tesla (TSLA.O) has begun discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday. The prices for the vehicles will start from 2 million rupees ($24,400.66), the report added. The discussions with the Indian government show a shift in strategy for the U.S. electric car maker. Last year, talks stalled after the Indian government refused to agree to a request from Tesla seeking lower import taxes on cars, which can be as much as 100%. India has strong potential for a sustainable energy future including solar power, stationary battery packs and electric vehicles, Musk said after meeting Modi, adding he hopes to bring SpaceX's Starlink satellite internet service to the country as well.
Persons: Elon Musk, Tesla, Musk, Narendra Modi, Modi, Rama Venkat, Sonia Cheema Organizations: Tesla, Reuters, U.S, Indian, Thomson Locations: India, Bengaluru
BENGALURU, July 10 (Reuters) - India's Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency, a newspaper advertisement showed on Monday. Two bankers aware of the developments told Reuters on Monday that they expect Indian conglomerate Wadia Group - which used to own Go Airlines before it started bankruptcy proceedings - to be part of its insolvency process. Go Airlines and Wadia Group's Ness Wadia did not immediately respond to a Reuters request for comment. "They (Wadia Group) are not disqualified by law to bid for the airline because there has technically been no default," this banker said. Right after the bankruptcy filing, the airline's then chief executive had told Reuters that the Wadia Group was completely committed to the company.
Persons: Ness Wadia, Whitney, Yagnoseni Das, Rama Venkat, Nivedita Organizations: Go Airlines, Wadia, Airbus, Reuters, Wadia Group, Thomson Locations: BENGALURU, India, Bengaluru, Siddhi Nayak, Mumbai
TIRANA, July 3 (Reuters) - Former U.S. President Bill Clinton on Monday met 12 children and men from Kosovo who were named after him in gratitude for his role in stopping the 1998-99 Kosovo War. Clinton, who served as president from 1993 to 2001, is regarded as a hero in Kosovo and Albania for launching NATO air strikes against Serbia's forces in 1999. The strikes halted the war and allowed nearly 1 million Albanian refugees in Kosovo to return to their homes. Others who spoke at the ceremony included Klinton Gashi, Klinton Bajgora and Klinton Ferizi. Clinton also met three girls who were named after his wife, Hillary Clinton, who served as U.S. secretary of state under former President Barack Obama.
Persons: Bill Clinton, Clinton, Klinton Berisha, Klinton, Ferizi, Hillary Clinton, Barack Obama, Hillary Alidema, Fatos Bytyci, Matthew Lewis Organizations: Former U.S, Monday, NATO, Goga, Thomson Locations: TIRANA, Former, Kosovo, Albania, Tirana, Balkans, Serbia, Washington
[1/3] Former U.S. president Bill Clinton delivers his speech during a welcoming in Tirana, Albania, July 3, 2023. REUTERS/Florion GogaTIRANA, July 3 (Reuters) - Former U.S. President Bill Clinton, largely credited for ending the Kosovo war more than two decades ago, on Monday told Kosovo's government to stop its actions in the Serb majority north, where tension has flared over the past few months. But the real thing we need to do is to stop this foolishness," Clinton said during a ceremony in Tirana where he received a medal from Albania's Prime Minister Edi Rama. The United States and the European Union, Kosovo's main allies, have mainly blamed Prime Minister Albin Kurti for igniting tension in the north by installing four mayors in their offices with police despite objections from local Serbs. In Belgrade, Dutch Prime Minister Mark Rutte said growing tensions between Belgrade and Pristina "cause great concern, as well as the increase in violence".
Persons: Bill Clinton, Kosovo's, Clinton, Albin Kurti, Mark Rutte, Aleksandar Vucic, Rutte, Fatos Bytyci, Aleksandar Vasovic, Sonali Paul Organizations: U.S, REUTERS, Former U.S, Monday, NATO, Albania's, Edi Rama, Kosovo, Serbia's, European Union, Dutch, EU, Thomson Locations: Tirana, Albania, Florion, TIRANA, Former, Kosovo, Pristina, Serbia, Serbian, Kosovo Albanian, United States, Belgrade, Europe, Ukraine, Florion Goga
It requires a very, very tough answer of NATO," Polish President Andrzej Duda added. Wagner boss Yevgeny Prigozhin arrived in Belarus on Tuesday under a deal negotiated by President Alexander Lukashenko that ended the mercenaries' mutiny in Russia on Saturday. "We have sent a clear message to Moscow and Minsk that NATO is there to protect every ally, every inch of NATO territory," Stoltenberg said. Poland's Duda said he hoped the threat posed by Wagner forces would be on the agenda at a summit of all 31 NATO members in Vilnius, Lithuania, July 11-12. Reporting by Bart Meijer and Anthony Deutsch; editing by Jonathan Oatis and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Jens Stoltenberg, Wagner, Gitanas Nauseda, Stoltenberg, Andrzej Duda, Yevgeny Prigozhin, Alexander Lukashenko, Vladimir Putin, Alexander De Croo, Mark Rutte, Klaus Iohannis, Jonas Gahr, Read, NATO's Stoltenberg, Poland's Duda, Bart Meijer, Anthony Deutsch, Jonathan Oatis, David Gregorio Our Organizations: HAGUE, NATO, Albania's, Edi Rama, Dutch, Thomson Locations: Russian, Belarus, The Hague, Russia, Belgian, Lithuanian, Norwegian, Moscow, Minsk, Ukraine, Vilnius, Lithuania
BENGALURU, June 23 (Reuters) - Boeing (BA.N) has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday. This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft. The development also comes along with a flurry of deals signed by U.S. and Indian companies on the sidelines of Prime Minister Narendra Modi's meeting with U.S. President Joe Biden in Washington on Thursday. Reporting by Rama Venkat in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Narendra Modi's, Joe Biden, Rama Venkat, Rashmi Organizations: Boeing, Air India, U.S, Thomson Locations: BENGALURU, India, Washington, Bengaluru
[1/2] A man speaks on his mobile phone as he walks past a Bharat Sanchar Nigam Ltd (BSNL) advertisement painted on a wall outside its office in Kolkata, India, August 24, 2017. REUTERS/Rupak De ChowdhuriBENGALURU, June 7 (Reuters) - India's cabinet on Wednesday approved an 890.47 billion rupee ($10.79 billion) revival package for loss-making Bharat Sanchar Nigam Ltd (BSNL) to help the state-owned telecom operator deploy 4G and 5G services in a market dominated by private players. "With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to remotest parts of India," the cabinet said in a statement. Debt-laden BSNL, grappling with poor infrastructure, has been posting losses for the past 12 years. The losses narrowed to 69.82 billion rupees in the year ended March 2022 from 74.41 billion rupees a year ago.
Persons: Vivekanand Subbaraman, Sakshi Dayal, Rama Venkat, Krishna N, Dhanya Ann Thoppil Organizations: Nigam Ltd, REUTERS, Sanchar Nigam Ltd, BSNL, Tata Consultancy Services, 5G, Reliance Industries, Bharti Airtel, Vodafone, Das, Thomson Locations: Kolkata, India, Chowdhuri BENGALURU, New Delhi, Bengaluru
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