Page-16 of Current Affairs - February, 2013

“Wankel” engine gets CEMILAC nod to power UAVs

What is Wankel? India has developed its own propulsion engine for future UAVs (Unmanned Aerial Vehicles). The 55-hp engine named “Wankel” is developed by three national research agencies – National Aerospace Labs, Aeronautical Development Establishment, and the Vehicle Research and ..

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U.S. govt. to slap fraud charges against S&P for ‘false’ mortgage ratings

U.S. largest credit rating agency Standard & Poor’s (S&P) is in trouble as country’s Justice Department is planning to file civil fraud charges against the agency accusing it of inflating the ratings of mortgage investments which crashed when the financial ..

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Financial Institutions Syndicated Deal of the Year 2012 award goes to YES Bank

YES Bank has been awarded the Financial Institutions Syndicated Deal of the Year 2012 in its Asia Pacific Region. The award was given for $155 million loan syndicated by YES bank which was distributed across 9 different countries from 14 ..

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Corporation Bank offers new variants of savings bank accounts: “SB Super” and “SB Signature”

‘SB Super’ and ‘SB Signature’ are the new variants of savings account launched by Corporation Bank. Facilities with these accounts: Both offer preferential loan processing by affixing ‘priority’ seal by the branch while forwarding loan applications. Bundled demat and trading ..

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Government nominates C R Naseer Ahmed on the Board of Directors of Syndicate Bank

The Central Government has nominated Mr. C R Naseer Ahmed as part-time non-official director on the Board of Directors of the Bank for a period of three years from February 01, 2013 or until further orders, whichever is earlier.Source.

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Dell ready to become private in $24 billion deal

PC manufacturer Dell is ready to go private in a $24.4-billion buyout. The company which is facing slump will pay its stockholders $13.65 per share to leave the company on its own. The company will be sold to a group ..

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Britain confers new powers to regulators to break up banks

The UK government has given new powers to regulators which can now break up banks if they fail to protect their retail operations from their riskier investment arms. The government is cautious keeping in mind the happenings of past when ..

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Sharad Sharma becomes ED of Geojit BNP Paribas

Sharad Sharma has been appointed as the Executive Director of Geojit BNP Paribas to oversee the company’s operations. Satish Menon, also the Executive Director, will be responsible for all business lines. Things you should know about BNP Paribas and Geojit ..

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