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Porsche fined 535 million euros over diesel cheating

Wednesday, May 8, 2019, 11:20 AM

German luxury carmaker Porsche has been fined 535 million (over Rs.4,100 crore) by public prosecutors for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. Porsche, a unit of Volkswagen Group, said it would not file an appeal against the penalty. So far the total costs of "dieselgate" for Volkswagen have exceeded 30 billion.
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Oil Companies Fined Rs.1Cr For Not Complying With Anti-Pollution Norms

Saturday, December 15, 2018, 12:08 PM

The Central Pollution Control Board has fined Rs.1-crore each on three oil companies for their failure to install anti-pollution "vapour recovery" systems at fuel stations. The fine has been slapped on public sector oil firms BPCL, HPCL and IOC. Vapour recovery device is an instrument to capture displaced vapours that emerge from inside a vehicle's fuel tank while filling petrol or diesel in it.
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Yes Bank slapped with Rs 38 crore in GST fines

Saturday, September 22, 2018, 8:11 AM

Private sector lender Yes Bank has paid Rs 38 crore in fines to the GST department for alleged violations in domestic remittances. A bank official said the money has been paid "in protest" and the lender believes that it has not violated any norms. However, the tax department is of the view that the bank underpaid GST.

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