August 10: News in pictures
August 10: News in pictures
Veiled Saudi women talk on their BlackBerry phones at a shopping mall in Riyadh.
Saudi Arabia will allow BlackBerry's Messenger service to continue beyond a 48-hour deadline due to "positive progress" made with manufacturer Research In Motion, the regulator said on Tuesday.
The telecom watchdog is continuing to work with local service providers on BlackBerry-related requirements, the Communications and Information Telecommunications Commission (CITC) said in a statement.
The regulator did not mention if it had reached an agreement with RIM to address its national security concerns.
A threatened ban on BlackBerry Messenger set for last Friday did not materialise and the CITC the next day said it would give RIM until Monday as it worked with the kingdom's three mobile companies on testing servers as a possible solution to its concerns.
Infosys Technologies Chief Executive Officer S Gopalakrishnan speaks during a news conference in Mumbai.
Infosys said the cost from US plans to hike visa application fees on some technology firms operating in the US would over time be passed on to customers as it was an industrywide issue.
The US House of Representatives is expected to vote on August 10 on border security legislation, which also significantly raises visa application fees on a select group of companies that operate in the US, including Infosys.
He told reporters that the new fees would however in the immediate future have a minimal impact on India's second largest outsourcer.
Indian outsourcing firms have come under recent criticism from some US politicians who say they add to unemployment in the US by outsourcing jobs to foreign workers.
"What happens over time is that this (visa cost) is transferred to customers because this is industrywide. It will be
Fans cheer as Liverpool players arrive at a hotel in Bangkok.
Finance and media giant Sahara India Pariwar has shelved its plan to acquire English Premier League club Liverpool.
"The deal for acquisition of the Liverpool Football Club was in our consideration in the recent past. However, after considering all related factors, we have decided not to go ahead with it, at least for the time being," Sahara spokesman Abhijit Sarkar said in a statement carried by local media on Tuesday.
Sahara, which sponsors the Indian cricket and hockey teams and owns the Pune franchise of the Indian Premier League, had been among a raft of bidders linked by British media to Liverpool, who were put up for sale by American owners Tom Hicks and George Gillett in April.
As many as six parties are jostling to buy the 18-times English champions, who urgently need a cash injection to deal with their 237 million pounds ($377 million) debt and invest in the club,
An employee works inside a battery manufacturing factory on the outskirts of Jammu.
India's industrial output is expected to rise 8.4 per cent in June from a year earlier, with growth slowing after eight months of double-digit increases, the median forecast of 22 economists showed.
Forecasts ranged from a rise of 6.5 per cent to 12.3 per cent.
FACTORS TO WATCH:
+ Wholesale price inflation data, due on August 16, may provide more cues on the central bank's policy response in the coming months to combat price pressures in Asia's third-largest economy.
+ The food price index rose an annual 9.53 per cent in the week to July 24 compared with the previous week's increase of 9.67 per cent as prices of fruit and vegetables fell by 3 per cent.
+ The HSBC Markit Purchasing Managers' Index, an indicator of manufacturing expansion, edged up to 57.6 in July marking the 16th straight month this index has been
A saleswoman displays a gold necklace at a jewellery shop in Agartala, capital of Tripura.
Gold traders trickled in on August 10 afternoon to the buying counters as prices eased a tad below the $1,200 an ounce-mark, but a weaker rupee, which makes the dollar-quoted asset expensive, weighed on sentiment, dealers said.
Gold held near $1,200 an ounce in Europe as traders took to the sidelines ahead of a monetary policy meeting of the US Federal Reserve later in the session, with a firmer dollar keeping the metal under pressure.
International gold, which guides the domestic market, was trading $1,198.05/1,198.55, down from the previous close of $1,200/1,204.
The rupee fell to its lowest in nearly a week due to the dollar's rise overseas amid uncertainty whether the US Federal Reserve would signal more easing.
"Unfortunately, rupee is not in support today, there are plenty of deals near the levels of $1,180-1,185," said a dea
An employee stands inside the Tata Nano's car plant at Sanand in Gujarat.
Tata Motors posted a quarterly profit, beating forecasts, on higher sales and improved profitability of its Jaguar and Land Rover unit.
The company, India's largest truck and bus maker, reported a consolidated net profit of Rs 1,989 crore for the quarter ended June 30.
In the year-ago quarter it had reported a net loss of Rs 329 crore.
Tata's products, which also include utility vehicles, cars and the ultra-cheap Nano, are riding a surge in demand within the country, while sales of its British luxury brands Jaguar and Land Rover have seen an uptick in Europe.
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