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 M.video.
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.
The arrest and detention of Audi’s chief executive forces Volkswagen Group’s competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office.
Ifo institute said it expected the German economy to grow by 1.8% this year and next, citing a weak start to the year and increased risks as reasons for revising down its previous forecasts.
Greece will likely get up to 15 billion euros from its euro zone allies for stabilization after its third bailout program ends in August, German govt official said.
Ryanair’s Irish union extended a ballot on industrial action by two weeks, saying its members wanted more time to consider the move, which could lead to a strike.
Audi’s board of directors will resume talks on Tuesday to address a leadership crisis at Volkswagen’s (VOWG_p.DE) most profitable brand, sources said.
Volkswagen Group (VOWG_p.DE) will name later on Monday an interim leader for its premium Audi (NSUG.DE) brand after the unit’s Chief Executive Rupert Stadler was arrested.
Angela Merkel on Monday accepted an offer from Bavaria’s Christian Social Union (CSU) to delay until July the ban it wants on admitting migrants who have previously been registered in other EU states.
German luxury car maker Mercedes-Benz said today that all its diesel models in India from now on will have engines which comply with BS VI emission norms.
BHARAT 22 ETF
Bank of Baroda
BHARAT 22 ETF
Pvt Sector 39%
PSU Stocks 61%
BHARAT 22 ETF
Second tranche to open today, 2.5% discount across categories
Government looking to raise up to Rs 8,400 Cr
Consists of stocks from six sectors
Hinduja Leyland Finance files for IPO
Hinduja Leyland Finance IPO to raise Rs 500 Cr
Sells shares of Titan Time products unit to Danlaw Tech
To receive Rs 18.5 Cr from unit
AVIATION IN FOCUS
Airports run out of slots, parking space
Delhi, Mumbai offering slots between 11 P.M & 5 A.M only
Pune & Goa not offering any slots for new flights
Bengaluru, Chennai & Kolkata don't have any slots in peak time
USFDA nod for Atovaquone & Proguanil Hydrochloride tablets
First supplemental ANDA from U.S. MFG facility
U.S. Facility to provide foundation for future product approvals
U.S. Facility peak capacity of 300-400 Mn tablets per year
Has invested more than $100 Mn into the U.S. Facility