singrauli, in the Indian state of Madhya Pradesh, is popularly known as the Energy capital of India. The area used to be covered in dense forests earlier that was not navigable and inhabited by wild animals. It was earlier known as Shringavali. It was named after a sage known as Shringi. The kings of the Rewa State ruled the area till 1947. They used the area as an open-air prison to detain errant civilians and officers. Singrauli has five tehsils now - Singrauli, Chitrangi, Deosar, Mada and Sarai. Singrauli has a group of rock-cut caves called Mada Caves made in the 7th and 8th century. All major companies operating in this area belongs to the Indian energy industry, which entirely drives the economy of the city. The companies focus on mining of coal and subsequent power generation. NTPC, Coal India Limited, Essar, Hindalco, Reliance and several other established companies have set up their plants at Singrauli. The industrial belt has also resulted in a critical condition of air pollution which is a serious concern.
In 1870, the Deutsche Bank was founded in Berlin by Georg Siemens, Adelbert Delbruck, and L.Bamberger. The primary objective of the company is to facilitate trade relations between Germany and other markets, European or overseas. In 1929, the bank associated with other local banks to form Deutsche Bank und DiscontoGesellschaft, the biggest ever merger in the history of German banking. The one reason for the merger was increasing costs. In the 1920s, another trend was towards concentration throughout the industry. The alliance striked at the right time to help counteract the banking crisis. The company name changed back to Deutsche Bank in 1937. After Adolf Hitler came to power, instituting the Third Reich, three Jewish board members were dismissed by the bank in 1933. During the war, Deutsche Bank included other banks which came in hands of Germans while working in Eastern Europe. Banking facilities for the Gestapo were offered by the Deutsche Bank along with the loans credited to build the Auschwitz camp. In the financial year 2008, the Deutsche Bank reported its first annual loss in fifty years inspite of receiving billions of dollars from its insurance arrangements with AIG. The co-CEOs, Jrgen Fitschen, and Anshu Jain, both offered their resignations to the banks supervisory board, which were accepted in 2015 but until January 2016, Jain provided consultancy to the bank. The Fitschen continued as joint CEO until May 2016.On July 2016, the appointment of John Cryan as joint CEO was announced and at the end of Fitschens term, he became the sole CEO .