Business


Trump quickly settles university lawsuits after a long fight

New York Attorney General Eric Schneiderman has said over 5,000 students across the country were defrauded out of about $40 million, so Trump's settlement of $25 million was around 60 percent of these estimated damages. Trump's lawyers had sought a delay in the run-up to his inauguration, but the judge ruled that the trial go ahead as scheduled and that Trump would be required to testify, although likely by videotape.



Volkswagen to shed 30000 jobs, cutting costs after scandal

Just last month, the vehicle maker agreed a $14.7 billion (£11.8 billion) class action settlement in the US. VW admitted in September 2015 that 11m diesel cars had been fitted with software that cheated emissions tests. Although that majority of that savings will help VW to offset losses from its emissions cheating scandal, the company will also use some of it to invest in electric vehicles and ride-sharing programs.



Don't hoard currency, sufficient notes in supply: RBI

The report says that India has seen a fall in remittance inflows for the past five quarters starting April-June 2015, even though the country continues to be the biggest recipient of capital sent by its nationals working overseas. It's the old "vegan fallacy" - if something tastes bad, it must be good for you. US President-elect Donald Trump, who is busy in planning the transition to his presidency in January, on Tuesday met his Indian business partners in NY and praised Indian Prime ...


Left parties question PM Narendra Modi's silence on 'demonetisation deaths'

Left parties question PM Narendra Modi's silence on 'demonetisation deaths'

Myths involving the presence of a chip in the Rs 2,000 note were deemed as baseless and untrue even by the Reserve Bank of India (RBI) and further clarified by the government. Prime Minister of India Narendra Modi celebrated the National Press Day with journalists at Vigyan Bhavan in Delhi and stressed on the need for freedom of speech for the press.