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Monthly News August 2015

Bombay HC grants partial relief to Vijay...

Bombay HC grants partial relief to Vijaypat Singhania

Mumbai: The Bombay high court on Friday said Vijaypat Singhania, chairman emeritus of Raymond Group, can transfer his shareholding in Raymond Ltd to his son Gautam Hari Singhania. Vijaypat’s 37% stake in the group company is worth more than Rs.1,000 crore. The court, however, said claims made by... read more »

Patna: BJP president Amit Shah trapped i...

Patna: BJP president Amit Shah trapped in elevator, rescued

BJP president Amit Shah along with his party’s Bihar in-charge Bhupendra Yadav and Saudan Singh got stuck in a lift at the state guest house in Patna on Thursday night. The incident occured around 11:15pm and Shah remained locked inside the lift for around 20 minutes. He provided the toll... read more »

Monnet Ispat & Energy rebounds from...

Monnet Ispat & Energy rebounds from 3-month lows on plans to take meas...

Monnet Ispat & Energy, a steel maker, rebounded from 3-month lows on news that the company may sell off stakes in units in a bid to cut down on debt payments. Monnet said it was in talks with larger rival Bhushan Steel to exit its 35 percent stake in Orissa Sponge Iron & Steel Ltd.,... read more »

Toyota to buy 13 mn air-bag inflators fr...

Toyota to buy 13 mn air-bag inflators from Takata rival

Toyota Motor Corp, in a bid to reduce its risk from potentially lethal air-bag inflators supplied by Takata Corp, will buy millions of them from smaller parts maker Nippon Kayaku Co, people familiar with the matter said. The Japanese carmaker asked the second-tier supplier last month to increase... read more »

India ‘advises’ Pakistani NSA Aziz not to meet Hurriyat leaders

India has advised Pakistani NSA Sartaj Aziz not to meet separatist Hurriyat leaders before talks with his Indian counterpart Ajit Doval, raising a question mark about the meeting of the... read more »

Android 6.0 Marshmallow: Top six features you need to know

After the guessing game that went on for months, Google has finally announced its next Android iteration will be named after the sweet treat Marshmallow. So, now M is for... read more »

Hurriyat leaders released hours after house arrest

Just hours after they were placed under house arrest, Kashmiri separatist leaders were on Thursday released by authorities in Srinagar indicating a confused response to their proposed... read more »

Pentagon Plans to Increase Drone Flights by 50 Percent

Faced with escalating aggression from Russia and China, the Pentagon is planning to increase its use of drones by about 50 percent over the next several years. The Pentagon decided to add... read more »

British national killed in Bangkok bombing

A British national was among at least 20 people killed in Monday’s bomb attack in Bangkok, Foreign Secretary Philip Hammond has confirmed. He said the female Briton was a Hong Kong resident... read more »