Audi CEO to remain in German police custody

Aug 14 2018 | 9 hrs ago

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 jumps 7.3 percent in July

Aug 13 2018

India's fuel demand rose 7.3 per cent in July, driven by sharp rise in petrol and diesel consumption.

Petrol crosses Rs 77 a litre mark, diesel at Rs 68.50

Aug 07 2018

Petrol prices have crossed the Rs 77 a litre mark for the first time in two months due to firming international rates.

Developing petrol engines to counter drop in diesel vehicle demand: M&M

Jul 29 2018

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 downgrades Tata Motors on weakening JLR; outlook stable

Jul 27 2018

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'.

Over Rs 50,000 cr lost so far due to truckers' strike: Assocham

Jul 27 2018

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.

Need long term mobility policy, focus on alternate fuel tech, says Maruti

Jul 25 2018

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.

CAG puts spanner on GE's diesel loco manufacturing unit in Bihar

Jul 21 2018

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.

EU says Volkswagen yet to guarantee emission fix does not impair cars

Jul 17 2018

European consumer authorities criticized Volkswagen for failing to guarantee that repairs after the Dieselgate scandal would not affect cars’ performance.

Petrol, diesel prices fall after 10 days

Jul 16 2018

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.

Indian Markets


    37,854.93 210.03   (0.56 %)

    11,424.05 68.30   (0.60 %)

Global Markets


Stocks In News



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

ET reports


Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports


To decide on buy back of shares on Aug. 20


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

Mint reports


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

twitter @BTVI