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Article on April 22, 2016

Volkswagen Posts 2015 Operating Loss On 16.2 Billion Euro Dieselgate Charge

VW in September admitted cheating on emissions tests for 11 million vehicles worldwide since 2009 in its biggest-ever corporate scandal, which has wiped billions of euros off its market value, forced out its long-time chief executive and damaged VW's global image

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Forcing Vijay Mallya To Come Back To India Is Bad Strategy: Mohandas Pai

Forcing beleaguered businessman Vijay Mallya, who owes over Rs 9,000 crore to several banks, to come back to India is a "bad strategy", says tech investor T V Mohandas Pai, who favours a negotiated settlement

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PM Modi To Launch Rs 8,000 Crore Scheme For Free LPG Connections To Poor

Prime Minister Narendra Modi will on May 1 launch an ambitious Rs 8,000 crore scheme to provide 5 crore free LPG connections to BPL families using the money saved from 1.13 crore cooking gas users voluntarily giving up their subsidies

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Home Aggregator Zenify.in Eyes 6000 Properties This Fiscal

Bengaluru-based residential home aggregator and management start-up, Zenify.in is aiming at 6000 properties to be listed on their platform by the end of this fiscal year

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Ratan Tata On Jury To Select Zayed Future Energy Prize Winner

Ratan Tata, Chairman Emeritus of Tata Sons, will be a part of the jury that will select winners of Zayed Future Energy Prize this year, an award for innovation in renewable energy and sustainability

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Ford Motor To Recall 42,300 Cars In India To Fix Airbag Deployment-related Issue

Ford Motor Co will recall 42,300 cars in India likely affected by a software error "which could result in the airbags not deploying in certain collisions in which they are intended to deploy

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Sensex Snaps 6-day Winning Streak, Ends Down 42 Points

The Sensex on Friday recorded its first drop in seven sessions, edging down by over 42 points, and the Nifty broke below 7,900 following profit-booking amid mixed global leads, but both indices scored gains for the second straight week

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Reliance Industries Q4 Profit Up 16% Topping Estimates

India's oil-to-telecom conglomerate Reliance Industries Ltd posted a 15.9 per cent rise in its fourth-quarter earnings on Friday, beating analysts' estimates and boosted by stronger margins in its core oil refining business

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Supreme Court To Hear Cases Challenging Tobacco Pack Warnings On 25 April

The Supreme Court said on Friday it will hear petitions filed by the $11 billion tobacco industry against the government's stringent package warning rules next week, when it will also review other similar cases filed in recent years

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Food Scam Adds To Punjab's Already 'Precarious' Fiscal: India Ratings

According to the rating agency, even though Punjab has hit headlines recently on financial issues, liquidity crunch has been a "perennial problem" for the state.

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