
India's Paytm, founder settle with markets regulator in ESOPs case
May 8 (Reuters) - Indian payments firm Paytm (PAYT.NS), opens new tab and its founder Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
As part of the settlement, Sharma has been prohibited from accepting fresh ESOPs from any listed company for three years, SEBI said.

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LG Chem says it will transfer its water solutions business for $1.03 billion
SEOUL, June 13 (Reuters) - South Korea's LG Chem ( opens new tab said in a regulatory filing on Friday it will transfer its water solutions business to Korea Water Solution Holdings for 1.4 trillion won ($1.03 billion).


Reuters
an hour ago
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Boeing CEO cancels trip to Paris Airshow, GE postpones investor day after fatal crash
June 12 (Reuters) - Boeing and GE Aerospace (GE.N), opens new tab are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker's CEO canceling his trip to the Paris Airshow next week and GE postponing an investor day. More than 240 people were killed when an Air India Boeing 787 jet bound for London crashed moments after taking off from the city of Ahmedabad on Thursday, authorities said, in the world's worst aviation disaster in a decade. Boeing CEO Kelly Ortberg said in a message to staff on Thursday evening that he and Boeing Commercial Airplanes boss Stephanie Pope had canceled plans to attend the Paris Airshow "so we can be with our team and focus on our customer and the investigation." The air show, which runs from June 16 to June 20 at Le Bourget, is the global aviation industry's largest trade show, where many aircraft orders are typically placed by airlines. Aircraft engine-maker GE Aerospace, whose engines were in the Boeing 787 plane, had planned an investor day on June 17 coinciding with the show. The company said on Thursday the briefing had been canceled and it would put a team together to go to India and analyze data from the crashed airplane. "GE Aerospace's senior leadership is focused on supporting our customers and the investigation," the company said in a statement. GE said it planned to give a financial update later this month. The decisions by Boeing and GE come as delegates said the crash is casting a somber mood over the Paris Airshow. One delegate said the show would go on and business would continue but with fewer of the high-profile press conferences and in-person announcements associated with the industry's biggest commercial showcase. Another said some order announcements could be delayed until later in the year as a mark of respect for victims of the accident.


Reuters
3 hours ago
- Reuters
US sees no immediate reason to ground Boeing 787 after Air India crash
WASHINGTON, June 12 (Reuters) - U.S. officials said on Thursday they have not seen any immediate safety data that would require halting Boeing (BA.N), opens new tab 787 flights after a fatal Air India accident killed over 240 people. Transportation Secretary Sean Duffy and Acting Federal Aviation Administration head Chris Rocheleau made the comments at a news conference and said they had seen videos of the crash in India. Duffy said he had spoken to National Transportation Safety Board Chair Jennifer Homendy. An NTSB and FAA team, with support from Boeing and engine manufacturer GE Aerospace (GE.N), opens new tab, was going to India, Duffy said. "They have to get on the ground and take a look. But again right now it'd be way too premature," Duffy said. "People are looking at videos and trying to assess what happened, which is never a strong, smart way to make decisions on what took place." Duffy said the FAA was reviewing information with Boeing and GE as part of the investigation into the crash. Duffy also emphasized the U.S. government "will not hesitate to implement any safety recommendations that may arise. We will follow the facts and put safety first." Rocheleau said, "As we proceed down this road with the investigation itself, if there's any information that becomes available to us regarding any risk, we will mitigate those risks." Duffy said the FAA is "prepared to send additional resources to get the data we need to ensure the safety of the flying public."