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October 17: Snapshots for the day

  • October 17: Snapshots for the day

    October 17: Snapshots for the day

  • <p>Employees work inside Maruti Suzuki&#39;s newly launched petrol engine plant on the outskirts of New Delhi</p><p><b>Maruti Suzuki, India&#39;s biggest carmaker, resumed limited production at its Manesar plant shut down by labour unrest on Monday, a company statement said, as the firm hopes to begin talks with workers to end strikes that have cost over $330 million in lost production.</b></p><p>Maruti, 54.2% owned by Japan&#39;s Suzuki Motor, has suffered a production loss of over 50,000 cars this year due to labour unrest which culminated last week when workers took control of its Manesar plant.</p>

    Employees work inside Maruti Suzuki's newly launched petrol engine plant on the outskirts of New Delhi

    Maruti Suzuki, India's biggest carmaker, resumed limited production at its Manesar plant shut down by labour unrest on Monday, a company statement said, as the firm hopes to begin talks with workers to end strikes that have cost over $330 million in lost production.

    Maruti, 54.2% owned by Japan's Suzuki Motor, has suffered a production loss of over 50,000 cars this year due to labour unrest which culminated last week when workers took control of its Manesar plant.

  • <p>Reliance Industries KG-D6&#39;s facility located in Andhra Pradesh is pictured in this undated handout photo</p><p><b>Energy major Reliance Industries will suspend oil and gas drilling pending an internal valuation of its exploration and production strategy, the Mint newspaper reported on Monday citing sources briefed by the company.</b></p><p>The firm, India&#39;s most valuable company by market capitalisation, has seen its growth outlook and market value hit hard this year by falling gas output from its huge gas fields off the east coast.</p><p>RIL will halt drilling for an unspecified time until the review is completed and submitted to the government, three analysts present at a company meeting told the newspaper.</p>

    Reliance Industries KG-D6's facility located in Andhra Pradesh is pictured in this undated handout photo

    Energy major Reliance Industries will suspend oil and gas drilling pending an internal valuation of its exploration and production strategy, the Mint newspaper reported on Monday citing sources briefed by the company.

    The firm, India's most valuable company by market capitalisation, has seen its growth outlook and market value hit hard this year by falling gas output from its huge gas fields off the east coast.

    RIL will halt drilling for an unspecified time until the review is completed and submitted to the government, three analysts present at a company meeting told the newspaper.

  • <p>A woman looks at flat screen TV sets in the Philips pavilion before the opening of the IFA consumer electronics fair in Berlin, August</p><p><B>Philips Electronics said it was considering its options should the sale of its TV business collapse as it reported plummeting third-quarter profits and little hope of a material improvement in the near term.</B></p><p>Philips -- the world&#39;s biggest lighting maker, a top three hospital equipment maker, and Europe&#39;s biggest consumer electronics producer -- said negotiations to sell off most of its TV business to Hong-Kong based TPV were intense and constructive and taking longer than expected.</p><p>The deal was due to close before the end of this year.</p>

    A woman looks at flat screen TV sets in the Philips pavilion before the opening of the IFA consumer electronics fair in Berlin, August

    Philips Electronics said it was considering its options should the sale of its TV business collapse as it reported plummeting third-quarter profits and little hope of a material improvement in the near term.

    Philips -- the world's biggest lighting maker, a top three hospital equipment maker, and Europe's biggest consumer electronics producer -- said negotiations to sell off most of its TV business to Hong-Kong based TPV were intense and constructive and taking longer than expected.

    The deal was due to close before the end of this year.

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