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Asia Infrastructure Investment Bank: India could be Vice-President

News India is likely to get the Vice-President’s post in China-backed Asia Infrastructure Investment Bank (AIIB) in which India and 56 countries have been admitted as founding members. Chances of India getting the Vice President’s post are high as the vote share is expected to be based on 50 per ...

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BMW to increase localization to 50 per cent

News Luxury car major BMW India will increase the localization of  its vehicles to 50 per cent, which is in line with the Make-in-India programme. BMW has localised production of engines and gearboxes at its Chennai plant with a capacity to produce 14,000 vehicles per year About 95 per cent of cars ...

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121 cases against HSBC account holders : Black Money

News The Income Tax department filed 121 cases for prosecution of  entities whose names have appeared in the HSBC Geneva bank Undisclosed income  of Rs 4,800 crore has been brought under tax net in these cases at the end of the last fiscal. A report  has been sent to the Special Investigation ...

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