Volkswagen ex-CEO may get 60 mn euros in payouts

Martin Winterkorn who resigned as chief executive job at Volkswagen after the emission scandal came to light is likely to get 60 million euros in payout. But according to last year's annual report, the company has set aside 28.5 million euros ($32 million) for the retirement of its former...

Former Vodafone Global CEO Arun Sarin has picked up minority stake in music streaming company Saavn for an undisclosed amount. This is the second investment by Sarin, after taxi aggregator app Ola, in the Indian startup ecosystem in the last three months. There is a huge opportunity that I see...

The first-ever policy for India's capital goods sector will be placed before the Cabinet for approval by November-end. The Ministry had set up a task force to make a road map for the country's capital goods sector and sought suggestions on a draft paper to frame a policy on the industry. The...

Gold surged by Rs 310 to trade at over two-week high of Rs 26,850 per ten grams at the bullion market today, tracking a firming trend overseas amidst increased buying by jewellers and retailers, driven by ongoing wedding season demand.Silver also recovered by Rs 225 to Rs 35,400 per kg on...