Daily GK Update: August 4th, 2015

Govt. on backfoot over proposal to curtail RBI Governor’s power.

Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government said it is not right to conclude that it wants to curtail the central bank’s powers.

Maggi ban will not result in job cuts, says Nestle India.

The ongoing ban on Maggi instant noodles will not result in job cuts, Nestle India’s newly appointed Managing Director Suresh Narayanan has said while seeking to bring back ‘pride and self confidence’ among the company’s 7,200-odd employees.

Bharti Airtel to acquire YTS Solutions.

Bharti Airtel is all set to acquire digital financial service provider YTS Solutions and appoint its co-founder and managing director Manish Khera as CEO of Airtel M Commerce Services Limited (AMSL), its flagship semi-closed wallet under the brand name ‘Airtel Money’.

Made in India TVs from Sony soon.

Japanese consumer electronics giant Sony has started manufacturing of LED televisions in India, and the first batch of locally-made products will go on sale in this month. The televisions will be contract manufactured at Sriperumbudur in Tamil Nadu.