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Mahindra Systech to merge with CIE to create Mahindra CIE Automotive

Mahindra Systech to merge with CIE to create Mahindra CIE AutomotiveSpanish auto component manufacturer CIE Automotive has signed an agreement to acquire stake in Mahindra Systech - Mumbai-based Mahindra & Mahindra’s (M&M’s) automotive component businesses.

CIE Automotive will acquire 46-52 per cent stakes in Systech through its Brazilian subsidiary Autometal for a sum of around 100 million Euros (Rs 766 crore).

Radiation leak at Japanese lab affects 55 people

An accidental leak of nuclear radiations at a research lab in northern Japan is expected to have affected as many as 55 people, including four researchers.

The accidental leak of hazardous radiation took place at a lab in Tokaimura, which is situated nearly 120 kilometers northeast of Tokyo, on the past Thursday.

The Japan Atomic Energy Agency (JAEA) also revealed that the leak took place when the researchers were conducting an experiment to produce particles by firing a proton beam at gold.

IBRC liquidators get four months to sell €27 billion loan book

IBRC liquidators get four months to sell €27 billion loan bookThe special liquidators Irish Bank Resolution Corporation (IBRC) have been given a period of four months to sell its the €27 billion loan book.

The state-run bank went into liquidation on 7 February, 2013 and the government had said that the loans would be sold by August and any assets not sold till that time would be transferred to the National Asset Management Agency for sale over time.

S&P reaffirms negative rating outlook for Indian economy

S&P Indian DowngradeNot convinced with the Indian government’s measures to reform the economy, Standard & Poor's (S&P) has reiterated its negative outlook on the country’s sovereign credit rating, which is one notch above "junk" status.

YouTube Crosses One Billion Users Mark!

Eel Burrowing Causes Comically Small Heads of Sea Snakes

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