Airbus to source more components from India, says CEO
Mon, Oct 7, 2024 4:43 PM

Airbus to source more components from India, says CEO

A Flip by Avya Verma
Get it on Google Play
Airbus will increase sourcing of components from India, which offers plenty of opportunities, according to the aircraft maker's CEO Guillaume Faury. The European major, which has bagged huge aircraft orders from IndiGo and Air India, doubled its sourcing of components and services from India to 1 billion euros during the period from 2019-2024, he said.

More great flips

Samsung fires employees for leaking Galaxy S25 Ultra images ahead of launch

Samsung fires employees for leaking Galaxy S25 Ultra images ahead of launch

Samsung fired employees responsible for leaking Galaxy S25 series photos online, which showed the device's design and identification numbers, ahead of its Unpacked event on January 22, 2025. The leak was traced back to the employees, resulting in job losses. Samsung takes leaks seriously, as they ruin the surprise planned for official product launches.

Open Flip
Amazon & Starbucks workers are on strike. Trump might have something to say

Amazon & Starbucks workers are on strike. Trump might have something to say

Amazon delivery drivers and Starbucks baristas are on strike in a handful of US cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labour contract. The strikes that started Thursday and Friday followed other recent standoffs between corporate America and organised labour.

Open Flip
The Dow's losing streak showed its big weakness: Chart of the Week

The Dow's losing streak showed its big weakness: Chart of the Week

With its 0.04% gain Thursday, the Dow finally broke its 10-day losing streak, the worst since the 70s. This week’s performance was yet another reminder of why the historically important index is now more historical than important, having long ceded its role to the S&P 500. Before the market’s dramatic reaction to the Fed on Wednesday, the Dow had been running counter to the S&P 500 and Nasdaq.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon