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Boeing wins $22 billion SpiceJet Contract

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SAN FRANCISCO (Diya TV) — American aircraft manufacturer Boeing won a $22 billion deal from budget carrier SpiceJet Ltd., marking the company’s largest-ever order from an Indian airline, and strengthening its hold in a market dominated by European rival Airbus.

The order includes 100 of Boeing’s signature 737 Max aircraft, it was renegotiated originally from 55, SpiceJet said in a statement Friday. As part of the deal, the airline also has the option to purchase another 50 aircraft from Boeing, including the 777 and the 787 Dreamliner wide-bodies.

The commitment, which was included in Boeing’s 2016 order tally, comes as the Chicago-based company races to catch its aforementioned rival in narrow-body aircraft sales, the largest source of profit for both companies. The deal for the 737s, which competes with Airbus’s A320neo, also helps Boeing widen its grip in the fast-growing Asian market.

Rapidly expanding Indian carriers will need 1,850 new planes valued at $265 billion in 20 years, according to a Boeing forecast. Single-aisle planes will represent the bulk of these deliveries, the forecast said.

The Asia-Pacific region, which is surpassing North America as the world’s largest aircraft market, will need more than 15,000 new planes valued at $2.3 trillion in the next 20 years. That represents 38 percent of the global requirement, according to Boeing.

SpiceJet, which is based in Gurgaon near New Delhi, and AirIndia Express are the only budget carriers to use Boeing aircraft in the country.The airline placed firm orders for 100 737 Max 8 aircraft, with a cumulative list price of $11 billion, before the discounts that are customary for large customers.

Deliveries will begin in July 2018 and continue through 2024. The carrier and Boeing also discussed a proposed stretch of the largest Max, Singh told reporters. The so-called 10X, Boeing’s response to Airbus’s fast-selling A321neo, would be available in 2020 and seat as many as 230 travelers.

Information from Bloomberg contributed to this report.

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Harvard to host 17th annual India Conference this February

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CAMBRIDGE, Mass. (Diya TV) — For the 17th year in a row, the graduate students at Harvard University will host an India Conference. It will take place during the weekend of February 15-16, 2020. Two days of exciting discussions through panels, mixers and networking will fill the halls of the Harvard Business School and Kennedy School of Government.

The theme for this year’s conference is Foresight 20/20 – a look at what to expect from India in 2020 and beyond. As one of the largest student led conferences in the USA, the Harvard India conference attracts the biggest headliners from every field – from politics, business, entertainment & the arts. And this year is no different.

India Conference
India Conference at Harvard

With more than 100 speakers and 1000 attendees, the conference promises to have something for everyone. This year’s biggest draw from the entertainment genre is veteran Bollywood actor and self proclaimed ambassador to India, Anupam Kher. Kher has a long standing list of accolades within the film industry. In addition to his acting roles, he has been a producer, director and teacher at his own acting school. Most recently he played the role of Dr. Vijay Kapur on NBC’s primetime drama ‘New Amsterdam‘.

Some other notable speakers this year include founder of the India Today Group, Aroon Purie, Indian Olympic athelete Dutee Chand, comedian and actor, Vir Das, partner at Softbanks’ Vision Fund Lydia Jett & politician and India’s ruling party (BJP)’s sherpa to the G20, Suresh Prabhu.

The harsh winter in Harvard doesn’t seem slow down or dull these brilliant minds in any way. The India Conference at Harvard continues to retain its standing as the conference of choice for deliberating issues ranging from technology, media, politics and eduction to creating solutions for India’s path towards global leadership. The event features brainstorming sessions and sincere discussions on the very real and large scale problems that are uniquely Indian.

Diya TV is a media sponsor to the event and will be on-site covering conference. To receive a 20% discount use code RDAY20 here and to know more about the conference or speakers, head to the IndiaConference.com

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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