Newsmakers: Honda recalls 2.24 lakh vehicles, FB's new tool and more

FB launches newsgathering tool for scribes
In a move to take on the micro-blogging site Twitter which is the biggest source of breaking news for journalists, Facebook has launched an innovative newsgathering tool that will help reporters scan and file stories from the ocean of information on Facebook and its photo-sharing site Instagram.

US Federal Reserve keeps interest rates unchanged
The US Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, Fed Chair Janet Yellen said developments in a tightly linked global economy had in effect forced the US central bank's hand.

PM Modi readies rescue package for power utilities
The government is preparing a rescue package for power utilities owing tens of billions of dollars, but Prime Minister Narendra Modi must first convince states to make politically hard choices as he seeks a victory for reforms needed to galvanise the economy.

Honda recalls 2.24 lakh vehicles for faulty airbags
Honda Cars India is recalling around 2.24 lakh units of its premium sports utility vehicles-CR-V, sedans Civic, City and hatchback Jazz, manufactured between 2003 and 2012-to replace faulty airbag inflators in the largest such exercise in the country.

SBI to stop cash operations in Shanghai
State Bank of India has said that it will stop accepting cash transactions and cash remittance from its main branch in China (Shanghai) starting October 1, only four months after Prime Minister Narendra Modi 's high-profile community reception in the city, where he exhorted non-resident Indians to play a greater role in India's growth story.