US brokerage Jefferies has maintained a buy view on Bharti Airtel and MGL while Cummins India received a ratings upgrade from HSBC. Among other notable brokerage actions, BofA reiterated a buy view on NBFC play Bajaj Finance while CLSA initiated a coverage on Avenue Supermarts. Kotak Securities also upgraded IRB Infrastructure to ‘Add’ from an … Read more
In December 2023, engine manufacturer Cummins was hit with a massive $1.675 billion penalty for intentionally selling emissions defeat devices in what was the largest-ever penalty for a violation of the Clean Air Act. Now, in a recent press conference reported on by The Drive, the Environmental Protection Agency (EPA) has doubled down on its … Read more
Photo: Luke Sharrett/Bloomberg (Getty Images) Cummins, an Indiana-based company that manufactures and sells engines, has been hit with a $1.675 billion penalty for intentionally selling defeat devices that could bypass emissions sensors, a direct violation of the Clean Air Act, the U.S. Department of Justice writes. It’s set to be the biggest ever penalty for … Read more
