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Internet giant, Google has launched its new Google+ social network to take on the rival Facebook, which is the biggest social networking site in the world.

The new Google+ service, which is under its field trail, will allow users to share photos, messages and comments and it also integrates Google maps and images. The service is designed to enable users organize their contacts easily.

Triumph, the world famous British motorcycle maker, has recently announced that it is preparing to make its debut in the Indian market in the near future.

The announcement, which was made on Tuesday, comes as fantastic news for motorcycle enthusiasts from across the country who has been eagerly awaiting the brand’s arrival to India.

Although the company hasn’t yet revealed the timeline for the launch of its product, the growing importance of the Indian motorcycle leads one to believe that Triumph will not wait long.

According to the news, it was found out that the Reserve Bank Deputy Governor, KC Chakrabarty has called for the changes in the rating and reporting standards of the banks. He said that a bank should not be rated just because of its net interest margin (NIM) and net profit, but should be rated from a non-financial angle.

Chakrabarty have claimed that people should not just analyze and appreciate the performance of a bank by looking at the NIM and profit of the bank.

People should also look at the purpose of a bank, the intermediation at the lowest cost and the social sector initiatives a bank does such as how many no-frills accounts have been opened, how many poor people have been funded, how many rural branches have been opened.

According to the source, it was revealed that Apollo Global Management would invest about USD 500 million to Indian steel pipe manufacturer, Welspun group. This is the second biggest private equity investment in India.

It has been observed that the numbers of deals by the private equity firms are increasing rapidly. Some of the private firms include 3i Group Plc and Blackstone Group that are hoping for new investment opportunities.

Effortlessly working for weeks for campaigning and negotiations have finally gained France's Christine Lagarde the position of being known as the new Managing Director of the International Monetary Fund. Also known as the first woman to head up the organization, Lagarde’s skills have continued the established tradition of having a European in the top job.

To discuss the market and get some valuable views on the market, ET Now held an interview with Andrew Holland, CEO-Equities, Ambit Capital Pvt. Ltd. In the interview, Andrew Holland primarily stated that the Indians could face sharp rally in September in Indian markets.

During the interview, it was marked by Holland that June was very tough and the commodity or the high commodity price, including oil, could cause more demand destruction in the west as well. All have seen that global efforts are being put in to bring the oil prices down and possibilities are higher that the food prices could be the next target for global governments.