World
Iran gets back 13 tonnes of gold in sanction relief
Iran has received 13 tonnes of gold which had been held in South Africa for two years due to sanctions, Iran's central bank announced on Wednesday.
 
The gold was delivered to the central bank on Tuesday night. After purchasing the gold, Iran had to deposit it in South Africa as sanctions blocked its way to Iran, semi-official Fars news agency quoted Central Governor Valiollah Seif as saying.
 
The report did not mention where nor when did Iran purchase the gold, according to Xinhua.
 
Seif thanked Iranian nuclear negotiators for the return of the gold, saying that their efforts at the Vienna talks helped free the frozen asset.
 
Iran has received $4.2 billion in unfrozen assets under the 2013 interim agreement with the US and was then given another $2.8 billion by the Obama administration last year in a bid to keep Tehran committed to the talks.

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British food authority calls Maggi noodles safe

Britain imports only masala flavour of these noodles, the food authority said, adding that the FSA also tested other variants from the Maggi noodles range

 

Britain's Food Standards Authority (FSA) on Wednesday announced that Nestle India's Maggi noodles, manufactured in India and exported to Britain, were safe to consume and contained lead well within permissible levels.
 
"The FSA can confirm that results from testing samples of Maggi noodles in the UK have all found that levels of lead in the product is well within European Union (EU) permissible levels and would not be a concern to consumers," the FSA said on its website.
 
Britain imports only masala flavour of these noodles, the food authority said, adding that the FSA also tested other variants from the Maggi noodles range.
 
A total of 900 samples were drawn from Nestle as well as the local authorities in Britain and tested.
 
"Following an incident in India, where a sample of Maggi noodles was reported to contain high levels of lead, the FSA made the decision to test a selection of Maggi noodles as a precaution," the food authority said.
 
India's food safety regulator had ordered Nestle to withdraw Maggi noodles after some samples were found to contain higher-than-permissible levels of lead -- a finding that was rejected by the company, saying its own independent tests suggested otherwise.
 
The company has halted production of Maggi noodles in its factories in India since June 5 and decided to withdraw it from the Indian market.
 
The Bombay High Court on Tuesday allowed the company to export all varieties of Maggi noodles from India, though the domestic marketing restrictions would continue.

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Ratan Tata invests in Ola

Formerly known as Olacabs, the company currently serves millions of customers in over a 100 cities across India through 150,000 vehicles registered on its platform

 

App-based transportation aggregator Ola on Wednesday said Tata Sons chairman emeritus Ratan Tata has invested in the company in his personal capacity.
 
"It is our honour to have Ratan Tata onboard as an investor. This is a huge endorsement from one of the most respected business leaders of our times. We look forward to learning from Tata's experience," the company's CEO and founder Bhavish Aggarwal said in a statement.
 
Ola said Tata's "strong inclination towards transportation as a segment" and the philosophy of creating widespread social impact through business creates a strong connection to this investment.
 
Formerly known as Olacabs, the company currently serves millions of customers in over a 100 cities across India through 150,000 vehicles registered on its platform.
 
Tata has made personal investments in e-commerce companies like Snapdeal, Urban Ladder, Bluestone and Cardekho.com in the recent past. Last month, he had picked up a stake in Kaaryah, a women's wear fashion portal and in April this month, he has invested in Chinese cellphone maker Xiaomi.
 

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