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February 18: Glimpses of the day

  • February 18: Glimpses of the day

    February 18: Glimpses of the day

  • <b><p>Nokia chief executive Stephen Elop (L) welcomes Microsoft chief executive Steve Ballmer with a handshake at a Nokia event in London.</b>
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Nokia and Microsoft will sign a final software deal in a couple months time, chief executive of the Finnish firm said on Friday.
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The deal would be signed \"in a couple of months (or) it might take a bit longer,\" Chief Executive Stephen Elop said in a meeting with Finnish journalists.
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Nokia will adopt Windows Phone software across its smartphones, replacing its home-grown platform, the firms said last week.
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Nokia shares dropped more than 20 percent after the strategy turnaround, but industry executives have lauded the new alliance as good for competition and innovation.
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    Nokia chief executive Stephen Elop (L) welcomes Microsoft chief executive Steve Ballmer with a handshake at a Nokia event in London.

    Nokia and Microsoft will sign a final software deal in a couple months time, chief executive of the Finnish firm said on Friday.

    The deal would be signed \"in a couple of months (or) it might take a bit longer,\" Chief Executive Stephen Elop said in a meeting with Finnish journalists.

    Nokia will adopt Windows Phone software across its smartphones, replacing its home-grown platform, the firms said last week.

    Nokia shares dropped more than 20 percent after the strategy turnaround, but industry executives have lauded the new alliance as good for competition and innovation.

  • <p><b>An employee counts currency notes at a cash counter inside a bank in Agartala</b>
</p><p>
Private sector financier to infrastructure firms Infrastructure Development Finance Co sees a slowdown in lending and expects a squeeze in its margin in FY12 as the road sector has been inactive, a top official said.
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\"FY12 will be slow. There is some degree of slowdown that is likely to happen in the coming fiscal given the macro situation, the interest rate environment, political situation and investment cycle is likely to see some slowdown\" said Vikram Limaye, executive director at IDFC.
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Road construction, which forms a large part of the infrastructure sector, has been dormant in the last 6-8 months due to delay in awarding of projects by the National Highways Authority of India, he added.
</p><p>
Developers were also cautious in putting money in new projects due to concerns over getting environmental clearances, land acquisitions, he added.

    An employee counts currency notes at a cash counter inside a bank in Agartala

    Private sector financier to infrastructure firms Infrastructure Development Finance Co sees a slowdown in lending and expects a squeeze in its margin in FY12 as the road sector has been inactive, a top official said.

    \"FY12 will be slow. There is some degree of slowdown that is likely to happen in the coming fiscal given the macro situation, the interest rate environment, political situation and investment cycle is likely to see some slowdown\" said Vikram Limaye, executive director at IDFC.

    Road construction, which forms a large part of the infrastructure sector, has been dormant in the last 6-8 months due to delay in awarding of projects by the National Highways Authority of India, he added.

    Developers were also cautious in putting money in new projects due to concerns over getting environmental clearances, land acquisitions, he added.

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