Audi names Bram Schot interim CEO, puts jailed Stadler on leave

German automaker Audi has named sales chief Abraham ‘Bram’ Schot as interim CEO following the arrest of Rupert Stadler as part of a probe into emissions cheating. Audi, a division of Volkswagen, said in a statement Tuesday that it has also complied with Stadler’s request to temporarily relieve him of his duties. German prosecutors ordered Stadler’s More...

by Loknath Das | Published 20 hours ago
By Loknath Das On Wednesday, May 2nd, 2018
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A dramatic end to the cinema strike: Tamil film industry now has to learn to cope up with modern tech

Theatres are happy that the strike has been called off without them having to share VPF charges, canteen sales or advertising revenue. It has been a period of discontent in Tamil Nadu. There have been a series More...

By Loknath Das On Wednesday, May 2nd, 2018
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Critics allege EPA’s new transparency rule has hidden pro-industry agenda

  Critics say a new Environmental Protection Agency policy will make it harder to cut fine particles, such as those in smog blanketing Los Angeles, California. When Scott Pruitt, administrator of the U.S. More...

By Loknath Das On Wednesday, May 2nd, 2018
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SEC Official Criticizes State of ICO Industry, Open to Regulated Future

United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite More...

By Loknath Das On Wednesday, April 11th, 2018
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China files trade complaint with WTO against US steel tariffs

China has filed a World Trade Organization complaint challenging US President Donald Trump’s tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging More...

By Loknath Das On Monday, March 19th, 2018
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Industry strikes: From ‘Kee’ to ‘Imaikka Nodigal’, Tamil films which may be affected

The Tamil film industry has come to a screeching halt. The producers’ council first called for a strike over the rates charged by the Digital Service Providers (DSPs). While this protest was a decision taken More...

By Loknath Das On Monday, March 19th, 2018
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Brexit warning for aerospace industry supply in Wales

About 6,000 people work in wing manufacturing at the Airbus plant in Flintshire The aerospace industry could be damaged if Brexit introduces delays in how companies deal with cross-border supply issues, MPs have More...

By Loknath Das On Monday, March 19th, 2018
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Powering industry 4.0

As per the International Energy Agency, the industrial sector accounted for 42% of the world electricity consumption in 2015. (Reuters) Industry 4.0 has become the buzzword of late. Interestingly, however, it was More...

By Loknath Das On Wednesday, March 7th, 2018
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How will the merger of public sector general insurers impact the industry?

Clockwise from top: Naresh Makhijani, Dinesh Chandra Khansili, Rajiv Kumar, and Premanshu Singh The government proposes to merge National Insurance, United India Insurance and Oriental India Insurance into one More...

By Loknath Das On Tuesday, February 6th, 2018
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The US cannabis industry is growing insanely fast – there are now more legal cannabis workers than dental hygienists

REUTERS/Lucy NicholsonA customer browses screens displaying recreational marijuana products for sale at the MedMen store in West Hollywood, California on January 2, 2018 The total number of job postings for More...