Industry
Tesla Silently Changed Its Service Plan Policy and Eliminate Transfer of Extended Warranty
In a plan to boost sales, Tesla increased the price of its after sales service. The company also prevent Tesla owners to transfer their extended warranty when reselling their cars.
AirAsia India CEO Mittu Chandilya to Leave the Airline Soon, Successor to be Decided
AirAsia India’s head Mittu Chandilya is confirmed to soon leave the airline. The decision emerged after he previously expressed disfavour on the micro-management practiced by the airline’s parent company in Malaysia. His successor is yet to be decided, but it’s likely to be an executive from the parent airline.
BTG Pactual Cuts Jobs, Bonuses To The Stock Traders And Executives of The Hedge Fund Unit
Groupo BTG Pactual SA has been witnessed to tatter due to decrease in asset value it manages. To maintain the cash flow and remain profitable in the slower economy of Brazil, the Sao Paolo based bank has adopted some cost-cutting measures including job and bonus cuts.
Red Tape Barrier In Approving Orders By US May Force Boeing To Invest Significant Fund In F/A-18 Jet Program
Boeing has been reported to wait for approval pending with the US government regarding purchase of F/A-18 jets by the Navy and Kuwait. Delay in approving funds has become a growing concern. Further delay in rendering approval may compel in Boeing authority to decide hundreds of millions dollar fund to keep its Saint Louis plant operative.