Audi's detained CEO questioned by prosecutors over emissions scandal

Jun 20 2018

Munich prosecutors questioned Audi’s arrested CEO Rupert Stadler about a global diesel-cheating scandal on Wednesday, a person familiar with the matter told Reuters.

European states meet to tackle growing migration rifts

Jun 20 2018

Several European leaders including those of France, Germany, Italy and Austria will hold talks migration, an issue bringing bitter political divisions to a head in Europe and increasingly in the US.

Dr Oetker eyes Rs 1,000 cr sales in India by 2020

Jun 20 2018

German processed foods maker Dr Oetker is looking to make India one of its top 10 markets in coming years as it targets Rs 1,000 crore sales by 2020, said a top company official.

Porsche acquires acceleration expertise with Rimac stake

Jun 20 2018

German sportscar maker Porsche said it was taking a 10 percent stake in Rimac Automobili.

India to be among top 10 markets in coming yrs: Dr Oetker

Jun 20 2018

German processed food maker Dr Oetker is looking to make India one of its top 10 markets in coming years

Tesla's Musk says Germany a front runner for Europe Gigafactory

Jun 20 2018

Tesla favors Germany as the location for its first European Gigafactory, in what would be the latest move by an outside firm into the European battery market.

EU should aim for 5% ceiling on banks' bad loans: Germany, France

Jun 20 2018

European Union banks should reduce the stock of bad loans to a maximum of 5% of the loans they hold, Germany and France said in a joint document.

'Most Germans doubt Merkel will get European immigration deal'

Jun 20 2018

Three-quarters of Germans do not believe Merkel will manage to secure a European solution to the immigration dispute that is plaguing her relationship with allies.

Ceconomy nears Russia deal, considers capital increase: Sources

Jun 19 2018

German consumer electronics group Ceconomy (CECG.DE) is expected to strike a deal within days to sell its loss-making Russian business to Safmar and take a 15 percent stake in Safmar’s

Merkel-Macron meeting is 'moment of truth' for Europe: French min

Jun 19 2018

France said an investment budget for the euro zone and a backstop for European banks demanded by Macron are non-negotiable, raising pressure on Angela Merkel before talks on reforming the bloc.

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I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports


3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr


RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1


SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets


Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body


Have not received any notice from ED on FEMA violations


U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

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