Nestle India ties up with Snapdeal for Maggi comeback393386-344176-maggi-reuters

  • Nestle India has announced that its instant Maggi noodles will be back on shelves and sold on e-commerce giant,Snapdeal starting from Monday, in a BSE filing
  • The news comes as much of a relief to Maggi lovers, after
    the noodles were unceremoniously taken off the shelves and stop production in June, after tests conducted by certain laboratories across the country found monosodium glutamate (MSG) and lead in large quantities, way beyond permissible limits.
  • Commenting on the roll out of Maggi noodles, Suresh Narayan, Chairman and Managing Director of Nestle India, said, “Maggi has a very special relationships and strong emotional bonds with its consumers across the country, and I am confident that our bonds will grow even stronger.

Eight earthquakes jolt Andaman & Nicobar islands within 8 hours393391-andaman-and-nicobar-map

  • Eight earthquakes, including two major ones, struck the Andaman and Nicobar islands in a span of eight hours on Monday, with each measuring around five or more on the Richter Scale, but there was no tsunami alert.
  • Another earthquake not far from the archipelago hit North Sumatra island in Indonesia, measuring 5.7 on the Richter scale at 3:04 pm and at a depth of 10 kms.
  • According to the Seismology Division of the Ministry of Earth Sciences, the first earthquake occurred at 4:12 pm measuring 5.2, followed by another earthquake 11 minutes later measuring 5.

RBI allows Internet Banking Facility for co-op banksrbi

  • As some of the State Cooperative Banks and DCCBs have requested for permission to offer Internet Banking facility, RBI has decided to allow StCBs and DCCBs to extend the facility of internet banking to their customers. So far these were not allowed to provide internet banking facilities to their customer
  • Earlier, in 2014 RBI permitted all UCBs complying with certain condition to extend internet banking with ‘view only’ facility, without approval of RBI.
  • Accordingly, the guidelines issued to the UCBs were reviewed and uniform guidelines for all the cooperative banks are now issued in supersession of previous guidelines issued to UCBs in the matter. The revised guidelines applicable to all the cooperative banks are as follows:

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