Saturday, September 05
As Boeing Co. wages a battle with quality lapses in its 737 factory outside Seattle, there are signs of progress, like the silence that engulfs the factory complex at 10:30 a.m. every Wednesday. The clattering of tools halts for an hour as mechanics stop building narrowbody jets lined up nose-to-tail and break into small work groups to talk through their on-the-job impediments and irritants. The discussions often center on persistent headaches, like a hole repeatedly drilled in the wrong location by a key supplier, Boeing employees said. With the second anniversary approaching of the Alaska Air Group Inc. midair near-calamity that plunged Boeing into crisis, the planemaker is reinforcing the safety and quality plan it crafted last year with feedback from employees and regulators. The goal:
JSW MG Motor India's electric roadster Cyberster has drawn strong demand since its July launch thereby becoming the highest selling sports car in India and further pushing delivery timelines to around four to five months, the automaker said Tuesday. The surge comes months after MG SELECT, the company’s luxury arm, introduced the Cyberster at ₹74.99 lakh for fresh bookings and ₹72.49 lakh for pre-reserved customers. The company has sold more than 350 units through its MG SELECT retail network.Also Read: JSW MG targets top spot in India's luxury EV market in 2026The Cyberster has been attracting buyers across major cities. The company said the order book continues to grow and deliveries are being scheduled based on availability. MG said it has expanded its MG SELECT Experience Centres
Karachi: The Pakistan Cricket Board (PCB) has decided to conduct all its financial transactions with the PSL teams in Pakistani rupees instead of American dollar, raising questions if this will benefit the franchises or the PCB. The real time brand value of the Pakistan Super League (PSL) and its franchises already shrouded in mystery. Under the new evaluations of the existing six franchises conducted by independent foreign auditors, three franchises: Lahore Qalandars, Quetta Gladiators and Peshawar Zalmi have already renewed their contracts for the next 10-years without a fuss. And this has led to questions in cricket circles how notable are the increases in the franchise fees under the new valuations for the next 10-years after the decision to conduct transactions with them in PKR. Infor
The International Monetary Fund is expected to soon announce a change in how it classifies India’s exchange rate regime, according to people familiar with the matter, two years after the Washington-based lender upset the local central bank by suggesting it was intervening too heavily in the currency market.The new description of the country’s de facto currency regime is likely to include references to a crawling peg, the people said, asking not to be identified discussing private matters. A crawling peg involves small and gradual adjustments to a currency to reflect differences in inflation between a country and its trading partner, according to an IMF publication.The potential reclassification comes at a time when the rupee has become more volatile. The currency plunged to a record lo
