Finnish mobile phone maker Nokia on Thursday said it would cut over 1,000 information technology jobs as part of its restructuring plan.
The government has rejected a proposal by autos-to-software conglomerate Mahindra & Mahindra to set up a joint venture with Israel’s Rafael Advanced Defense Systems Ltd.
Myanmar freed at least 200 political prisoners on Friday in an amnesty that could embolden the opposition and put pressure on the West to lift sanctions as one of the world’s most reclusive states opens up after half a century of authoritarian rule.
India has decided to allow foreign investors to invest up to $10 billion in domestic mutual funds and the market regulator will issue the necessary guidelines for such investments by August 1, the finance ministry said in a statement on Monday.
Consumer goods giant Unilever and telecom handset giant Nokia have been rocked by rumours of acquisitions. While Proctor and Gamble is rumoured to be lining up a £38-billion for Unilever, Nokia denied rumours that US-based Microsoft Corp is said to have struck a deal to buy the mobile phone business of Finnish Nokia for $19 billion.
The government has decided to raise the limit for external commercial borrowings to $30 billion from the current $20 billion, a finance ministry official said on Friday.
President Bashar al-Assad faced the deepest crisis of his 11 years in power on Saturday, with one city in the grip of anti-government protesters and unrest spreading to other parts of Syria.
Reliance Power and sister firm Reliance Natural Resources will consider a merger on Sunday, continuing a spree of activity in companies controlled by billionaire Anil Ambani since the end of a high-profile gas supply dispute with his brother. Mix n match
Prime Minister’s Economic Advisory Council Chairman C Rangarajan on Thursday said that wholesale price-based inflation has reached uncomfortable levels and some action from the Reserve Bank of India is needed to curb demand-side pressures, he said.
Exiled former Pakistan premier Nawaz Sharif on Saturday condemned the imposition of Emergency in his country and warned it was heading towards chaos.