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VW emissions scandal: South Korea issues arrest warrant against company executive

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VW emissions scandal: South Korea issues arrest warrant against company executive A South Korean court on Friday issued the first warrant for the arrest of a   Volkswagen   AG executive in connection with its cheating of vehicle emissions tests, in another blow to the German automaker's efforts to move on from the scandal. The warrant is the first to be levelled against a Volkswagen executive anywhere in the world after the firm in September admitted to using software to falsify pollution tests on some diesel cars, spurring legal action in the United States, Germany,   South Korea   and elsewhere. "This is just the beginning of the investigation," an official at the prosecution office said, declining to be named because the investigation was ongoing. The Volkswagen Korea executive, identified by his last name Yun, faced five accusations including fabrication of documents and violation of the Air Quality Preservation Law, Seoul Central District Court spoke...

India tops global confidence index in Q4: Nielsen

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For the fourth quarter in a row, India has topped global  consumer confidence index  as measured by research agency Nielsen in 2015. But the catch is that it continues to show signs of a recessionary sentiment for the third straight quarter. Nielsen’s just released report shows India’s consumer confidence index for the fourth quarter of 2015 was 131, ahead of the Philippines (117), Indonesia (115) and Thailand (114). But 50% of people polled feel India is still in economic recession, implying recessionary sentiment is strong.  Read Full Article Over Here :  Business Standard News