A Munich Court on Monday rejected a request by Audi CEO Rupert Stadler to be released from police custody after being imprisoned eight weeks ago in the course of ongoing "dieselgate" investigations in Germany.
India's fuel demand rose 7.3 per cent in July, driven by sharp rise in petrol and diesel consumption.
Petrol prices have crossed the Rs 77 a litre mark for the first time in two months due to firming international rates.
Mahindra is developing petrol engines for its product line-up to counter drop in sales of diesel models over the last few years due to high taxation.
S&P Global Ratings today lowered Tata Motors' long-term credit rating to 'BB' from 'BB+' citing weakening volumes and other operational issues plaguing its cash-cow JLR, but retained its outlook at 'stable'.
The ongoing countrywide strike by truckers has led to an estimated direct and indirect loss of over Rs 50,000 crore to the economy and the government and transporters should resolve the crisis through negotiations, an Assocham statement said.
Bhargava has said that the country needs to devise a long term mobility policy to mitigate risks of pollution and dependence on few countries for crude oil.
Putting a spanner on US giant General Electric's diesel locomotives manufacturing unit in Bihar's Marhowra, the Comptroller and Auditor General (CAG)has said that the project was not "in sync with the overall strategic vision of railways.
European consumer authorities criticized Volkswagen for failing to guarantee that repairs after the Dieselgate scandal would not affect cars’ performance.
Petrol prices fell around 10 paise across the four metro cities on Monday after rising nearly a rupee and a half in the the last 10 days. Prices of diesel also were down around 13-15 paise from the levels on Sunday.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held