August 26: Headlines on Camera
August 26: Headlines on Camera
A stock quotation board is reflected on a pedestrian's spectacles in Tokyo
Nikkei average clawed its way up from a 16-month low on Thursday, snapping a four-day losing streak as short-covering emerged and the market gained on a slight technical rebound.
Buying of futures by long-term domestic investors after some apparent selling by speculators the day before also helped lift the Nikkei to its first positive close in a week.
But gains were capped by increasing uncertainty about when the government might hammer out measures to rein in the strong yen that threatens a fragile economic recovery, after news that Prime Minister Naoto Kan faces a challenge for his party's leadership and hence the premiership.
Market players said growing signs of global economic malaise, including disappointing US housing sales data that came out on Wednesday and sent Wall Street sharply lower before US indexes managed to eke out gains, were also weighi
A customer stands inside a Maruti Suzuki's car showroom in Ahmedabad
Maruti Suzuki, India's top car maker, is seeing good sales in August, its marketing and sales chief Mayank Pareek said on Thursday.
Maruti, in which Japan's Suzuki Motor Corp holds 54.2 percent stake, sold 333,001 cars in the April to July period this year, about a quarter up from a year earlier.
An employee walks between parked Hyundai cars ready for shipment at a port in Chennai
Hyundai's Indian unit will raise the price of its cars by 1 to 1.2 per cent from Sept. 1, a senior official said on Thursday.
Arvind Saxena, director of marketing, said the increase was due to higher raw material costs.
Commuters travel through a waterlogged road after heavy monsoon rains in New Delhi
India's key monsoon rains were 29 per cent above normal in the week to August 25, compared with 6 per cent below normal rainfall in the previous week, the weather office said on Thursday.
The weekly reading, the second highest in the four-month long rainy season that began in June, was due to good showers over Bihar, Jharkhand and West Bengal, where the seasonal rains were scanty until last week.
Earlier, sources at the India's weather office told Reuters rains were above normal in the past week.
The improvement in weekly rains helped cut the seasonal deficit to 2 per cent below normal in the past week from 5 per cent below normal in the previous week.
Better rains this year compared with last year, when a severe drought cut rice and cane output, have raised the government's hopes on taming high food inflation as planting areas for s
A woman walks past a Blackberry advertisement billboard in Mumbai
The fate of BlackBerry's encrypted email and messaging services in India will be decided in last-ditch talks starting on Thursday between the maker of the smart phone and security agencies ahead of an August 31 deadline.
Time is running out for Canada's Research in Motion, to give the Indian government the means to track and read its secure email and instant messaging services that officials fear have the potential to be misused by militants and to create political instability.
India says it wants realtime access to RIM's BlackBerry Enterprise Email and its Messenger services in a readable format. Security officials say the inability to monitor BlackBerry traffic undermines efforts to protect national security.
India has one mobile connection for every two of its 1.2 billion people and adds 16 million new subscribers a month.
A shutdown would affect
Ford's 'Figo' car stands on display in New Delhi
US-based Ford Motor Co's India unit will begin exporting its compact Figo to 50 new markets from India starting next year, Joe Hinrichs, President, Asia Pacific and Africa said on Thursday.
A company statement said that it would be export Figo to north African countries and the United Aarab Emirates.
Ford launched its compact Figo car in India earlier this year and it has become a best-seller for the company. Its sales in the period January to July stood at 46,751 units, with bulk of the sales coming from the Figo.
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