Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

Richard Branson Steps Down from Role as Chairman of Virgin Hyperloop

Earlier this month Richard Branson said his Virgin Group would suspend discussions with Saudi Arabia's Public Investment Fund over a planned $1 billion investment in the group's space ventures, in light of the disappearance of Saudi journalist Jamal Khashoggi who was killed inside the consulate in Istanbul.

Reuters

Updated:October 23, 2018, 9:21 AM IST
facebookTwitterskypewhatsapp
Richard Branson Steps Down from Role as Chairman of Virgin Hyperloop
File photo of Richard Branson. (Image: Reuters)
Loading...

Dubai: Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the United Arab Emirates and other countries, needs a more actively involved leader, the firm said on Monday.

The Financial Times reported last week that Saudi Arabia had terminated a planned deal with Virgin Hyperloop One after Branson halted investment talks with Riyadh over the Jamal Khashoggi affair.

The company made no reference to that in its statement on Monday.

"At this stage in the company's evolution, I feel it needs a more hands-on Chair, who can focus on the business and these opportunities," the statement quoted Branson as saying.

"It will be difficult for me to fulfil that commitment as I already devote significant time to my philanthropic ventures and the many businesses within the Virgin Group."

Virgin Hyperloop One's biggest shareholder, Dubai's DP World, said the company was seeking a new chairman.

Earlier this month Branson said his Virgin Group would suspend discussions with Saudi Arabia's Public Investment Fund over a planned $1 billion investment in the group's space ventures, in light of the disappearance of Saudi journalist Jamal Khashoggi who was killed inside the consulate in Istanbul.

Branson also suspend his directorship in two Saudi tourism projects around the Red Sea.

| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results