August 11: Headlines on camera
August 11: Headlines on camera
An employee of steelmaker Posco walks at the company's headquarters in Seoul
Environmental concerns over a $12-billion steel plant in Orissa planned by South Korea's Posco, will be resolved soon, Steel Minister Virbhadra Singh said on Wednesday.
The project planned by the world's third-largest steelmaker has been mired in controversy for more than three years over protests by local residents who stand to be affected by it, concerns over environmental impact and legal issues over land acquisition and a mining concession.
Last week, the environment ministry ordered a halt to all work on the project, including land acquisition, while a 4-member panel probed if the forest rights act that seeks to protect forest land and settlers had been violated.
But in recent days, government officials and Posco itself have sounded optimistic about the project although a court case over the mining concession is still pending.
A man tests a BlackBerry smart phone at a shopping mall in Dubai
India may temporarily shut down BlackBerry services if New Delhi's concerns about security are not addressed in a meeting between the government and mobile phone operators on Thursday, government sources said.
The latest ultimatum for Blackberry maker Research In Motion comes a day after the Canadian company agreed to hand over user codes that would let Saudi authorities monitor its BlackBerry Messenger, as it seeks to stop the kingdom from silencing the service, a source close to the talks said on Tuesday.
Indian authorities fear that the popular BlackBerry email and messaging services could be misused by militants as security agencies cannot access the messages sent through these services.
India has cracked down on the entire mobile phone market following the Mumbai attacks in 2008, which killed 166 people. Pakistani militants used mobile and satellite phones to co
Employees work inside the newly inaugurated plant for the Tata Nano car at Sanand in Gujarat
Shares in Tata Motors raced to their highest in at least two decades on Wednesday, as brokerages cheered its forecast-beating earnings, steered by strong demand for its Jaguar and Land Rover brands.
Edelweiss raised the stock to "buy" from "reduce," while Citi Investment Research raised its target price on the stock to Rs 1,197 from Rs 947 per share.
Bank of America-Merrill Lynch also raised its price objective on the stock to Rs 1,100 from Rs 924 earlier, while reiterating a "buy" rating.
The company's Jaguar and Land Rover unit, which Tata bought from Ford Motor Co in 2008, is expected to fuel growth in coming quarters as demand for luxury brands increase, particularly in emerging economies.
The stock rose as much as 6.9 per cent to Rs 1,023.55, its highest in at least 20 years, data from Thomson Reuters showed.
A woman walks past a store display of iPods at an Apple store
Apple Inc's Japan unit will replace any iPod nano portable music players that overheat, it said in an online statement, improving an earlier offer to replace only their faulty batteries.
The concession on Tuesday came after Japan's trade ministry put the world's largest technology company under scrutiny, ordering it to publish an "easy to understand" statement on its website explaining how users of the devices could receive replacement batteries and obtain advice.
The first generation models, sold between September 2005 and December 2006, have been responsible for around 60 incidents of overheating in Japan, including four cases of minor burns, according to the Ministry of Economy, Trade and Industry (METI).
Apple described the incidents as "very rare" and has blamed the problem on a single battery supplier, without identifying the maker.
A spokesman f
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