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UAE denies Houthi allegations of firing missile at N-plant

Abu Dhabi / WAM The National Emergency Crisis and Disaster Management Authority (NCEMA), has denied claims made by Houthi militias in Yemen of a missile launch towards the UAE’s airspace. In a statement, NCEMA emphasised that the UAE’s air defence system is capable of dealing with any threats. The authority noted that the Barakah Nuclear Power Plant has all necessary ...

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Nissan seeks $770mn from India for broken tax-break promise

Bloomberg Nissan Motor Co. is seeking compensation from India, saying the government failed to keep its end of the bargain on promised tax breaks after wooing the Japanese automaker to set up a factory in the South Asian country. The Yokohama-based carmaker has started international arbitration against the Indian government, a Nissan spokesman said. The company wants $770 million in ...

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India’s Infosys names Salil Parekh as CEO

Bloomberg Indian software-outsourcing giant Infosys Ltd. named outsider Salil S Parekh as chief executive officer, ending the company’s search for a new leader after previous head Vishal Sikka quit following criticism from a group of founders, landing it in uncertainty. Parekh, a member of the executive board at Capgemini SE with degrees from the Indian Institute of Technology and Cornell ...

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