Day: March 8, 2020

Boeing’s New CEO Regrets Blasting Predecessor as Backlash Grows

(Bloomberg) — Boeing Co. Chief Executive Officer Dave Calhoun said he regretted berating his predecessor in an interview with the New York Times this week, backtracking almost immediately from a harsh critique that rattled employees of the embattled planemaker.

“I am both embarrassed and regretful about the article,” Calhoun wrote in a message to senior executives at the company, referring to a story that appeared March 5. “It suggests I broke my promise to former CEO Dennis Muilenburg, the executive team and our people that I would have their back when it counted most.”

The about-face suggests an attempt at

India’s decision not to join RCEP unfortunate, says Montek Singh Ahluwalia

Former deputy chairman of Planning Commission Montek Singh Ahluwalia with deputy associate editor Udit Misra in The Indian Express newsroom (Image:- Abhinav Saha)

UDIT MISRA: Did the Planning Commission overstay its welcome?
Many of my friends thought that it was a contradiction of sorts for someone associated with liberalisation to become deputy chairman of the Planning Commission. I used to make the point that they had no idea of what the Planning Commission does… It never engaged in detailed direct control. It was always an advisory body. But it did change quite a bit over time. The main task we

ED arrests Yes Bank founder Rana Kapoor under PMLA

Rana Kapoor will be produced before a local court during the day to obtain custody, the officials said.

The Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor under money laundering charges in the wee hours of Sunday, officials said. They said Kapoor was placed under arrest around 3 am under the provision of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe.

Rana was questioned by the ED sleuths for over 20 hours after the central agency raided his residence on Friday night. He will be produced before a local court during