News 1st Look: Minus Ericsson, Sony to only make smartphones

Friday, December 2, 2011

Minus Ericsson, Sony to only make smartphones

Minus Ericsson, Sony to only make smartphones
Cyrus Mistry inducted into Tata Industries board
All directors to face trial for bounced cheques: HC
World on brink of one more recession: UN
Germany, France in push for 'fiscal union'
Economy to pick up in Jan-March quarter: Basu
Spanish unemployment hits 15-year high
Still in talks with local investor for Kingfisher: Mallya
ArcelorMittal to cut staff in Czech Republic
Bajaj Auto bike sales grow 25% in November
'Growth to moderate to 7.5% in 2011-12'
Sensex down by 21 pts in early trade
Rupee gains 14 paise to early high of Rs 51.32
Rupee gains 14 paise to early high of Rs 51.32

Minus Ericsson, Sony to only make smartphones

Posted: 02 Dec 2011 04:04 PM PST

Sony Corp is all set to rebrand its mobile phones post the acquisition of Ericsson's share in the ten-year-old joint venture—Sony Ericsson.

Cyrus Mistry inducted into Tata Industries board

Posted: 02 Dec 2011 03:54 PM PST

A week after being appointed deputy chairman of Tata Sons, the apex holding company of the $83-billion Tata Group, Cyrus Mistry has been inducted into the board of Tata Industries, the second biggest holding company for the group.

All directors to face trial for bounced cheques: HC

Posted: 02 Dec 2011 03:49 PM PST

All directors and partners of a company responsible for its day-to-day functioning would have to face trial if the cheque issued by the firm bounces, the Bombay High Court said.

World on brink of one more recession: UN

Posted: 02 Dec 2011 03:39 PM PST

The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down.

Germany, France in push for 'fiscal union'

Posted: 02 Dec 2011 09:24 AM PST

German Chancellor Angela Merkel kicked off a crunch week of talks on saving the euro by laying out a vision Friday for a "fiscal union" in Europe, ahead of a pivotal summit of EU leaders.

Economy to pick up in Jan-March quarter: Basu

Posted: 02 Dec 2011 03:41 AM PST

India's slowing economy will likely pick up in the January-March quarter, but a slowdown in investment will have some impact over the next year, the chief economic adviser to the finance ministry, Kaushik Basu, said on Friday.

Spanish unemployment hits 15-year high

Posted: 02 Dec 2011 02:16 AM PST

Spain's jobless numbers bulged to a 15-year high in November, official data showed on Friday, less than three weeks before the newly elected right takes power.

Still in talks with local investor for Kingfisher: Mallya

Posted: 02 Dec 2011 01:55 AM PST

Kingfisher Airlines chairman Vijay Mallya said on Friday that he was was still in talks with an Indian investor to raise funds.

ArcelorMittal to cut staff in Czech Republic

Posted: 02 Dec 2011 01:31 AM PST

The world's top steelmaker ArcelorMittal will lay off 10 percent of its staff in the Czech Republic due to weaker-than-expected demand amid an economic downturn.

Bajaj Auto bike sales grow 25% in November

Posted: 01 Dec 2011 11:18 PM PST

The country's second largest two-wheeler maker Bajaj Auto on Friday reported 25 per cent increase in its motorcycle sales at 3,31,967 units in November.

'Growth to moderate to 7.5% in 2011-12'

Posted: 01 Dec 2011 10:44 PM PST

Pranab Mukherjee on Friday said economic growth will moderate to about 7.5 per cent in the current fiscal, lower than the earlier projection of 9 per cent.

Sensex down by 21 pts in early trade

Posted: 01 Dec 2011 10:28 PM PST

The BSE benchmark Sensex was down by 21 points in early trade today as speculators booked profits recorded during the previous two sessions in refinery, capital goods, metal and realty stocks amid weak Asian cues.