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By Arul Louis
Chennai versus Hyderabad? In the battle of the technology titans, a reorganised Google gets a new general, Chennai's Sundararajan Pichai, to face off against Hyderabad's Satya Nadella, Microsoft's CEO.

In the fast-changing technology landscape the two companies compete in several lines of business and continue to reinvent themselves for survival, shifting business plans and pushing into new areas as they compete against each other. As the world moves beyond desktops, laptops and conventional servers, the focal points of their current competition are in cloud computing, where Microsoft has an edge and mobile technology, where Google leads.

NEW DEHLI -- Rejecting criticism that it was acting like a "remote control", the RSS said on Friday that the Narendra Modi government was on the right track and that three days of discussions with government leaders had been "very useful".

"Only 14 months have passed (since the government took power). There is more time and a lot more is to be done. Whatever has been done so far, the government's direction is fine, so is its dedication, commitment and thinking. Its achievements are good," RSS joint general secretary Dattatreya Hosabale told the media here.
NEW DEHLI -- A major index for select factory output slowed to 1.1 percent growth in July from an increase of 3 percent in the previous month, mainly due to a fall in steel production and marginal growth in coal.

The select factory output index rose by 4.1 percent in July 2014.
NEW DEHLI -- The Mukesh Ambani-led Reliance Industries Ltd (RIL) has been permitted to sell up to 120,000 tonnes of its LPG (cooking gas) output to private cooking gas marketers as per a government order.

The petroleum ministry order, valid from April 1, 2015 to March 31, 2016, is, however, subject to RIL importing an equivalent quality for supplying to state-run oil marketing companies (OMCs).
NEW YORK --  The American Federation of Muslims of Indian Origin (AFMI) has honoured India-born entrepreneur and philanthropist, Frank Islam with the "Pride of India" award, the media reported on Monday.
MUMBAI-- Another "Manic Monday" saw a key Indian equity index log its steepest ever closing fall in point-terms, spooked by a crash in Chinese bourses, unmindful of the assertions by policymakers that the turbulence was transient and the country's economy remained strong.
WASHINGTON-- TiE, the global network of entrepreneurs and professionals, has agreed to act as a conduit for channelizing investments in the field of Information Technology start-ups and projects into Haryana.

An agreement to this effect was reached during a meeting between a delegation of entrepreneurs and senior government officers led by Haryana Chief Minister Manohar Lal Khattar, and TiE officials in San Francisco on Thursday.
By Amit Dasgupta
MUMBAI--The devaluation of the Chinese yuan, coupled with anxieties about Beijing's ability to revive the flagging economy, tasted first blood with a massive global stock market slide and a currency tumble. Worse is expected, especially for countries that relied on the Chinese economy as the main growth driver. Rumours abound of the contagion spreading, as indeed it did during the East Asian crisis because of the interlocking of economies.
MUMBAI--Strong economic fundamentals, value buying and attractive valuations boosted investor confidence in the Indian equity markets on Tuesday leading a barometer index to close with gains of 291 points a day after the key Mumbai index shed some 1,625 points -- or nearly 6 percent.

The Indian rupee also gained strength. It touched an intra-day high of 65.87 and closed with a gain of 56 paise at 66.08 to a US dollar from its Monday's close of 66.64.

South Asian Connection
NRI Business
BENGALURU, India-- Global software major Infosys Ltd on Monday secured shareholders' approval for buying its healthcare business subsidiary for $100 million (Rs.625 crore), a company official said.

BENGALURU, India--Many investors of global software major Infosys Ltd were up in arms against its board at the 34th annual general meeting here on Monday for various reasons.

NEW DELHI--The government of India on Monday proposed to do away with transaction charges on card payments at petrol pumps, gas agencies and for railway tickets.

Business Features
By Amit Kapoor
India, since Independence, has achieved modest success when it comes to some aspects of public health, but much remains to be done for the future.

At the time of Independence, the life expectancy at birth for an individual in India was 32 years, it has more than doubled to 66 years in 2013. Similarly, the infant mortality rate (IMR or the number of babies who die before their first birthday in a given year per 1,000 live births in that year) has gone down from 164 in early 1950s to 40 in 2013.

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