Aug 16: Through the Camera
Aug 16: Through the Camera
A worker cleans a Bharti Airtel logo inside its shop in Kolkata
The Directorate of Enforcement is investigating the country's top mobile phone carrier Bharti Airtel for suspected violations of foreign exchange rules, a junior finance minister said on Tuesday.
Namo Narain Meena also told lawmakers in a statement the Securities and Exchange Board of India (Sebi) had received complaints alleging that a shareholding increase by the founders of the mobile carrier had violated rules.
A Bharti Airtel spokesman could not comment immediately.
Veteran social activist Anna Hazare waves from a car after being detained by police in New Delhi
Police arrested anti-corruption campaigner Anna Hazare on Tuesday, just hours before he was due to begin a fast-unto-death, as the beleaguered government cracked down on a self-styled Gandhian activist agitating for a new "freedom" struggle.
At least 1,200 followers of the 74-year-old Anna Hazare were also detained, signalling a hardline stance from Prime Minister Manmohan Singh against anti-government protests, a gamble that risks a wider backlash against the ruling Congress party.
Dressed in his trademark white shirt, white cap and spectacles in the style of independence leader Mahatma Gandhi, Hazare was driven away in a car by plainclothes police, waving to hundreds of supporters outside his residence in New Delhi.
His followers later said he had begun his fast.
A man walks by a video display at the Motorola booth on the second day of the Consumer Electronics Show (CES) in Las Vegas
Google Inc's biggest deal ever, acquiring Motorola Mobility Holdings Inc for $12.5 billion, is an attempt to buy insurance against increasingly aggressive legal attacks from rivals such as Apple Inc.
The acquisition of one of the mobile telecommunications industry's most storied names is Google co-founder Larry Page's boldest move since taking over as CEO in April, launching the Internet giant into a lower-margin manufacturing business and pitting it against many of the 38 other handset companies that now use its Android software.
Motorola Inc was split this year into two: Motorola Mobility, which got the faster-growing cellphone and TV set-top box businesses and Motorola Solutions, which sells gear like walkie-talkies to corporate and government clients.
A trader gestures in front of screens at the bourse in Madrid
Spain's anaemic growth rate slowed further in the second quarter, data showed on Tuesday, reviving concerns the country could slip back into recession as a worsening economic backdrop impacts its main export markets.
Gross domestic product grew 0.2% from the first quarter, down from growth of 0.3% a quarter earlier and for a 0.7% y-o-y expansion, the preliminary figures showed.
"The outlook does not look good. Leading indicators are turning down, and the composite PMI index is now in contraction territory," economist at BNP Paribas Ken Wattret said.
"Exports have provided a boost but with the outlook deteriorating across the eurozone it is difficult to see Spain growing, with no offset from internal demand seen for some time."
A Chinese one yuan coin and a 100 yuan banknote are seen in this picture illustration taken in Beijing
The yuan hit an all-time trading peak against the dollar on Tuesday as the People's Bank of China fixed its reference rate at a new high for the fifth straight day, a sign Beijing may be engineering a "mini-revaluation" of the Chinese currency, traders said.
Chinese opinion toward a stronger yuan has dramatically changed since a political struggle in the United States threatened to cause a US debt default end of July, followed by a downgrade of the US credit rating by Standard and Poor's.
China is the United States' biggest creditor, holding $1.16 trillion in US Treasuries. The US debt saga has raised an outcry in China for the government to diversify its huge dollar assets and to shift from a de facto peg in which the yuan's rate versus other currencies still depends on the dollar.
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