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Monthly News August 2015

Volkswagen unveils five-year investment plan to become world’s leading carmaker by 2018
Volkswagen India shipments to Mexico cro...

Volkswagen India shipments to Mexico cross 1-lakh units

Carmaker Volkswagen India on Wednesday said it has crossed a milestone of exporting one lakh cars to Mexico in less than two years of starting shipments. Volkswagen India shipped its 1,00,000th car built for Mexico today, the company said in a statement. “The production facility of... read more »

Infosys up 1.5%, Aikido to help achieve ...

Infosys up 1.5%, Aikido to help achieve $20bn revenue

Shares of Infosys gained 1.5 percent intraday Friday in an otherwise weak market. Sharp fall in rupee and launch of three new service offerings on Thursday drove the stock higher. The country’s largest software services exporter launched Aikido, three next-generation services in design... read more »

Ashwani Lohani is a railway man and tour...

Ashwani Lohani is a railway man and tourism veteran; can he pull Air India ...

New Delhi: Ashwani Lohani has been featured in the Limca Book of Records in 2007 for holding four different engineering degrees. With his appointment as the chairman and managing director of Air India succeeding Rohit Nandan, he may well get to create some new records in the aviation industry.The... read more »

SBI chief is more right than Raghuram Ra...

SBI chief is more right than Raghuram Rajan on the threat from payment bank...

Are payment banks a threat to regular banks or are they allies in the business of financial inclusion? At an economic conclave yesterday (20 August), the Reserve Bank governor and the State Bank chairman disagreed on the issue. While Raghuram Rajan said payment banks could be allies to regular... read more »

Morgan Freeman mourns granddaughter found stabbed to death

A man has been charged in the murder of E’Dena Hines, the granddaughter of Morgan Freeman. New York police found Hines, 33, early Sunday morning lying in the street outside her... read more »

3 Islamic militants arrested in Bangladeshi blogger murders

Three Islamist militants, including a British citizen were arrested in connection with the murder of two prominent atheist bloggers, said Bangladesh’s elite security force. Rapid... read more »

Vedanta’s Goa mine may restart iron ore export to China

Vedanta’s iron ore division in Goa is expected to resume exports to China after a lull of three years. Representatives of steel manufacturing mills from China’s Jiangsu... read more »

SBI Q2 profit falls 33%

SBI Launches Mobile Wallet App Buddy

Mumbai: The country’s largest lender State Bank of India on Tuesday launched a mobile wallet app, SBI Buddy, in collaboration with Accenture and MasterCard. The service will be also... read more »

Indonesian Crash Searchers Recover Black Boxes From Plane

Low-lying clouds and rugged terrain on Tuesday were hindering efforts to remove bodies from the crash site, officials said. Search teams hastily built a makeshift helipad in hopes that a helicopter... read more »