Head lines

Vinodh rai becomes the first chairman of

banks board bureau
Maruthi starts export of baleno to Europe.
BRICS bank signs pact to place head quarters in
Shanghai.
Vedanta ltd wins first ever auction of an Indian
gold mine.
Samsung wins appeal in patent dispute with
Apple

Vinodh rai becomes the first

chairman of BBB.

Former CAG director vinodh rai on Sunday appointed

as the first chairman of the bank board bureau
which will advise the government on top level
appointments at public sector lenders and ways to
address the ad loans problem among other issues.
Apart from chairman Vinod Rai, the other three
members are Anil K Khandelwal, former CMD of
Bank of Baroda, HN Sinor, former Joint MD, ICICI
Bank and Rupa Kudwa, former MD and CEO, CRISIL

Maruthi starts exports of Baleno

to Europe

Car market leader maruthi Suzuki India (msi)

has started shipping its premium baleno to
europe,
SMC will showcase India made baleno in the
upcoming geneva international motor which
will be open to press on march 1 and march
2 and then to the general public from march
3-13.

BRICS bank signs pact to place

head quarters in shanghai.
The new development bank (NDB) setup by
the BRICS countries on Saturday signed an
agreement with china to place its head
quarters here, according legal status to the
multi-lateral bank headed by eminent indian
banker k.v kamath.

Vedanta ltd wins first ever

auction of an Indian goldmine.

Vedanta Ltd won the auction for Baghmara

(Sonakhan) gold mine with its highest bid of
12.55% of IBM (Indian Bureau of Mining)
price of Rupees 74,712/ troy ounce (1 troy
ounce = 31.10 gram), official sources said.
The production from the Baghmara mine can
reduce the gold imports into the country, the
state mines department officials said.

Samsung wins appeal in patent dispute with

Apple

Apple and Samsung have been battling over

mobile device technology patents for years.
Apple has mostly prevailed, and in
December, Samsung paid Apple $548.2
million stemming from a separate patent
case, which Samsung has appealed to the
U.S. Supreme Court.