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Tatas Submit Bid For Air India Sale, Say Sources

Air India is laden with a huge debt of around ₹ 43,000 crore of which ₹ 22,000 crore will also be transferred to the Air India Asset Holding Limited (AIAHL). The government is planning to sell a 100 per cent stake in the airline The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process is fixed and will not change. After failing to find any buyer for a 76 per cent…

2020 Mercedes-Benz GLE Launched In India; Prices Start At Rs. 73.70

Mercedes Benz GLE LWB marks the debut of the latest Mercedes-Benz driving assistance systems. Mercedes-Benz had just launched the all-new GLE SUV in India starting from Rs 73.70 lakh for the GLE 300d variant and going all the way up to Rs 1.25 crore for the GLE 400d. The latter, launched as the G 400d Hip-Hop Edition, is a direct import, which contributes to its higher asking price. The entry-level model in the range is the GLE 300d, which is powered by a 2.0-litre, four-cylinder diesel engine that is good for 245hp and…

Volkswagen ordered to pay $196.5M in emissions scandal

TORONTO — Volkswagen was ordered Wednesday to pay $196.5 million to the Canadian government for importing cars that secretly violated the country's emissions standards, a record-setting fine an Ontario judge said marks "a new era" in environmental protection. Judge Enzo Rondinelli handed down the fine hours after the company formally pleaded guilty to all 60 environmental charges it faced in the emissions-cheating scandal. The Crown and Volkswagen jointly suggested the penalty, which falls short of the maximum $265 million…

Volkswagen pleads guilty to all Canadian charges in emissions-cheating scandal

TORONTO — Volkswagen pleaded guilty to dozens of Canadian charges in a wide-ranging emissions-cheating scandal on Wednesday, admitting — among other acts — to secretly importing cars that violated pollution standards. The German automaker and the Crown submitted an agreed statement of facts in a Toronto court, acknowledging the company imported 128,000 Volkswagen and Audi vehicles, along with 2,000 Porsches, that violated the standards. Reading from the statement, prosecutor Tom Lemon noted that certain supervisors and…

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