Search Results for: Tony Stark

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BRICS Summit clears setting up of $100 billion New Development Bank with India's presidency first

Brazil, July 16 (ANI): Leaders of the five BRICS countries met for the first working session in Brazil in a major victory for India, sealed the agreement on the much anticipated 100 billion dollars BRICS Development Bank. The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency initially held by India. The deal was reached after intense last-minute negotiations to settle a dispute between India and China over the headquarters of the new bank, which will have initial capital of $100 billion to invest in infrastructure projects. Negotiations to create the bank dragged on for more than two years as Brazil and India fought China's attempts to get a bigger share in the lender than the others. The stark economic and political differences between the BRICS countries have made it difficult for the group to turn rhetoric to concrete action in coordinating policies. Jul 16, 2014
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Indonesians face stark choice in pivotal presidential vote

Indonesians vote Wednesday in the country's most pivotal presidential election since the downfall of dictator Suharto, with Jakarta governor Joko Widodo and an ex-general with a chequered human rights record in a tight race. Duration: 02:31 Jul 7, 2014
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AirAsia India venture to break even in December, later than they expected

Bangalore, July 03 (ANI): Malaysian-based budget carrier AirAsia, on Thursday said it expected its India unit to break even in December, later than initially planned, after a delay in plane deliveries and a plan to boost investment in the fleet. The budget carrier, which launched its inaugural flight in India last month, had said it would break even around October. Tony Fernandes, owner and CEO of AirAsia, told reporters that the airline would also invest more money in new planes to raise its scale in India. AirAsia India, a three-way venture between the airline, India's Tata Group and investment firm Telestra Tradeplace, launched its debut flight on June 12. Jul 3, 2014
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