Friday , 19 October 2018
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Business

Audi to pay 800 mn euro fine in Germany over diesel cheating

AGENCIES   FRANKFURT AM MAIN Volkswagen said Tuesday its subsidiary Audi had agreed to pay an 800-million-euro (USD 927 million) fine issued by German prosecutors to close a diesel cheating investigation. “Audi AG has accepted the fine” investigators levied for “deviations from regulatory requirements in certain V6 and V8 diesel aggregates (motors) and diesel vehicles”, the group said in a ... Read More »

BSNL-Nokia sign MoU for Industry 4.0

IANS   CHENNAI Public sector telecom operator Bharat Sanchar Nigam Ltd (BSNL) has signed a MoU with telecom equipment maker Nokia Solutions and Networks India Pvt Ltd for Industry 4.0, an official said on Tuesday. The BSNL will also approach various industries for implementing Industry 4.0 in the country, BSNL chairman and managing director Anupam Shrivastava told reporters here. Industry ... Read More »

Malabar Gold and Diamonds to triple outlets to 750

MUMBAI: Malabar Gold & Diamonds, one of the world’s largest jewellery retailer, announced its ambitious global growth plan on the eve of its Silver Jubilee (25 years) celebrations that will see the company triple its retail network from 250 showrooms this year to 750 outlets in the next five years with annual turnover exceeding US$6.16 billion (Rs 45,000 crore) and ... Read More »

PM bats for partnership with producers in oil market

UNI   NEW DELHI Prime Minister Narendra Modi on Monday made a strong case for a partnership between the producers and consumers in the oil market, as it exists in other markets, adding that this will help stabilise the global economy which is on the path of recovery. Modi drew attention of the experts on certain key policy issues relevant ... Read More »

ECONOMIC SCAN

Mangalsutra exhibition at Shobha Jewellers PANAJI: Shobha Jewellers presents an exclusive Mangalsutra exhibition starting from the October 11 to 19 at their Panaji Showroom off 18th June Road. Choose from an exquisite range of designer Gold and diamond mangalsutras and get a discount of upto 50% on making charges. Showroom will be open on Sunday. Also new jewellery designs have ... Read More »

Modi to visit Japan for bilateral summit

IANS   New Delhi Prime Minister Narendra Modi will be on an official visit to Japan on October 28 and 29 to hold an annual bilateral summit with his counterpart Shinzo Abe, it was announced here on Friday. According to a statement issued by the External Affairs Ministry, under the framework of the Special Strategic and Global Partnership between India ... Read More »

Singapore based bakery chain comes to India

IANS   New Delhi BreadTalk, a leading bakery chain based out of Singapore, is all set to open in the capital city. Located on the first floor of Select Citywalk, the doors of this BreadTalk outlet will open to welcome consumers on October 17, said. With the opening, consumers in India can expect the same authentic taste of the brand’s ... Read More »

Indian-American Dr Kiran Patel invests $60 million in medical device company

PTI   HOUSTON An Indian-American cardiologist and entrepreneur has invested $60 million in a medical company that will support clinical trial on cardiac devices to replace stent. Dr Kiran Patel’s investment is for the Concept Medical Inc, a Florida-based medical device company’s Investigational Device Exemption (IDE) for the world’s first sirolimus-coated balloon. Sirolimus balloon catheter is a drug-coated balloon, which ... Read More »

India rejects World Bank’s HCI report over data gaps

IANS   New Delhi The Central government on Thursday rejected the findings of the World Bank’s Human Capital Index (HCI), which has placed the country at 115th position out of 157 countries on various parameters, such as survivability measured by under-five mortality rate. “The government of India, therefore, has decided to ignore the HCI and will continue to undertake its ... Read More »

Petrol, diesel prices cut was one-time move: FM official

IANS   New Delhi The petrol and diesel price cuts made earlier this month by state-run oil marketing companies was a “one-time measure”, and the government has no intention of reversing the deregulation of the oil market, a Finance Ministry official said here on Thursday. The petrol and diesel price cuts made earlier this month by state-run oil marketing companies ... Read More »