Newsmakers: Modi eyes Silicon Valley, BMW CEO faints on stage and more

Modi eyes Silicon Valley: Prime Minister Narendra Modi is now out to win over the Silicon Valley for his Digital India initiative. Later this month, PM Modi will go to Facebook for a town hall style question answer session and visit other top tech companies like Google and Adobe systems as also electric carmaker Tesla.

Deutsche Bank to cut jobs: Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said.

Vedanta-Cairn India merger: Metals and mining conglomerate Vedanta said it has received nod from both bourses BSE and NSE on the proposed merger of its oil and hydrocarbon arm Cairn India with itself.

BMW CEO faints at Frankfurt auto show: German luxury carmaker BMW's new chief executive, Harald Krueger, fainted on stage at the Frankfurt auto show, a Reuters witness reported. Krueger collapsed as he was commenting on BMW's latest models during a news conference. Two men escorted him off stage.

DGCA conducts Air India's audit: Aviation regulator DGCA is conducting engineering audit of government-owned Air India fleet to assess maintenance records of its aircraft, following an incident of a tail-pipe fire in one of its plane that took place at Mumbai airport last week.