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October 12: Glimpses of the day

  • October 12: Glimpses of the day

    October 12: Glimpses of the day

  • <p>Labourers work in a bulb factory in Kolkata</p><p><b>India&#39;s industrial production expanded less than expected in August in further evidence of a slowdown in Asia&#39;s third-largest economy as soaring interest rates and persistently high inflation weigh on demand.</b></p><p>The 4.1% growth in August industrial output over the previous year lagged a Reuters poll forecast for 5% growth and was only a slight improvement on the revised 3.84% growth clocked in July.</p>

    Labourers work in a bulb factory in Kolkata

    India's industrial production expanded less than expected in August in further evidence of a slowdown in Asia's third-largest economy as soaring interest rates and persistently high inflation weigh on demand.

    The 4.1% growth in August industrial output over the previous year lagged a Reuters poll forecast for 5% growth and was only a slight improvement on the revised 3.84% growth clocked in July.

  • <p>Bottles of Pepsi cola are seen in a display at PepsiCo&#39;s 2010 Investor Meeting event in New York</p><p><b>PepsiCo Inc reported slightly better-than-expected quarterly earnings on Wednesday and affirmed its full-year target, helped by international growth and the acquisition of a Russian beverage company.</b></p><p>The maker of Pepsi-Cola, Lays potato chips and Quaker oatmeal said net income was $2.0 billion, or $1.25 per share in the third quarter, up from $1.92 billion, or $1.19 per share, a year earlier.</p>

    Bottles of Pepsi cola are seen in a display at PepsiCo's 2010 Investor Meeting event in New York

    PepsiCo Inc reported slightly better-than-expected quarterly earnings on Wednesday and affirmed its full-year target, helped by international growth and the acquisition of a Russian beverage company.

    The maker of Pepsi-Cola, Lays potato chips and Quaker oatmeal said net income was $2.0 billion, or $1.25 per share in the third quarter, up from $1.92 billion, or $1.19 per share, a year earlier.

  • <p>A man uses his mobile phone as he waits for a skytrain in Bangkok</p><p><b>Millions of BlackBerry users around the world were left without text communication services for a third day on Wednesday as Research in Motion struggled to fix what it said was a switching failure in its private network.</b></p><p>Users in Europe, West Asia, Africa and India suffered patchy email service and no access to browsing and messaging, ratcheting up negative sentiment towards a company already losing market share to Apple and Samsung.</p>

    A man uses his mobile phone as he waits for a skytrain in Bangkok

    Millions of BlackBerry users around the world were left without text communication services for a third day on Wednesday as Research in Motion struggled to fix what it said was a switching failure in its private network.

    Users in Europe, West Asia, Africa and India suffered patchy email service and no access to browsing and messaging, ratcheting up negative sentiment towards a company already losing market share to Apple and Samsung.

  • <p>Force India team owner Vijay Mallya gives the thumb up at the end of a practice session in Monza</p><p><b>Force India, co-owned by Vijay Mallya, is set to sell a minority stake in the Formula One team to business conglomerate Sahara Group, which also sponsors the national cricket team, a source with knowledge of the deal told Reuters on Wednesday.</b></p><p>Mallya and Sahara Chairman Subrata Roy are due to hold a joint news conference later on Wednesday, but the agenda was not known and spokesmen for both companies declined to comment on the stake sale.</p>

    Force India team owner Vijay Mallya gives the thumb up at the end of a practice session in Monza

    Force India, co-owned by Vijay Mallya, is set to sell a minority stake in the Formula One team to business conglomerate Sahara Group, which also sponsors the national cricket team, a source with knowledge of the deal told Reuters on Wednesday.

    Mallya and Sahara Chairman Subrata Roy are due to hold a joint news conference later on Wednesday, but the agenda was not known and spokesmen for both companies declined to comment on the stake sale.

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