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September 29: Picturesque news view

  • September 29: Picturesque news view

    September 29: Picturesque news view

  • <p><b>Mike Lazaridis, president and co-chief executive officer of Research in Motion, holds the new Blackberry PlayBook with a screen projection of the device as he speaks at the RIM Blackberry developers conference in San Francisco, California</b>
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Even though the BlackBerry PlayBook has the technical prowess to impress the most discerning tech connoisseurs, few consumers will get their hands on Research In Motion&#39;s new tablet until after the holidays.
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The Canadian tech leader, which unveiled the device at a developers conference in San Francisco on Monday, has scheduled its general release for the new year.
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As a consequence, RIM may have to be content for now with owning the corporate segment, where its roots run deep. Analysts say that may prove a nice problem to have.
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Over the long term, the PlayBook&#39;s pedigree and RIM&#39;s known strengths in security and system management could enable the company to capture a huge chunk of a nascent

    Mike Lazaridis, president and co-chief executive officer of Research in Motion, holds the new Blackberry PlayBook with a screen projection of the device as he speaks at the RIM Blackberry developers conference in San Francisco, California

    Even though the BlackBerry PlayBook has the technical prowess to impress the most discerning tech connoisseurs, few consumers will get their hands on Research In Motion's new tablet until after the holidays.

    The Canadian tech leader, which unveiled the device at a developers conference in San Francisco on Monday, has scheduled its general release for the new year.

    As a consequence, RIM may have to be content for now with owning the corporate segment, where its roots run deep. Analysts say that may prove a nice problem to have.

    Over the long term, the PlayBook's pedigree and RIM's known strengths in security and system management could enable the company to capture a huge chunk of a nascent

  • <p><b>Workers stand at a construction site of a high rise building in Mumbai</b>
</p><p>
Sobha Developers will launch about 12 million square feet of residential projects this fiscal year and has implemented selective price increases, a top official said.
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"Prices have been stable. This quarter on, there have been selective price increases on some products," Managing Director J C Sharma told the Reuters India Infrastructure Summit on Wednesday.
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Of the 12 million square feet projects the company plans to launch, Sobha hopes to sell about 3 million in the year to March 2011, Sharma said.
</p><p>
The company, which has a significant presence in southern India, reported a surge in standalone net profit for the April-June quarter.
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    Workers stand at a construction site of a high rise building in Mumbai

    Sobha Developers will launch about 12 million square feet of residential projects this fiscal year and has implemented selective price increases, a top official said.

    "Prices have been stable. This quarter on, there have been selective price increases on some products," Managing Director J C Sharma told the Reuters India Infrastructure Summit on Wednesday.

    Of the 12 million square feet projects the company plans to launch, Sobha hopes to sell about 3 million in the year to March 2011, Sharma said.

    The company, which has a significant presence in southern India, reported a surge in standalone net profit for the April-June quarter.

  • <p><b>Gold rings are put for sale at a jewellery shop in Suining, Sichuan province</b>

Gold strikes another record on economic uncertainty. 
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Gold powered to another record above $1,311 an ounce on Wednesday, its ninth record-high session this month, as lingering economic uncertainty spurred buying from investors.
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Spot gold hit a high of $1,311.30 an ounce, with gains also driven by an increase in holdings on the exchange-traded fund.
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    Gold rings are put for sale at a jewellery shop in Suining, Sichuan province Gold strikes another record on economic uncertainty.

    Gold powered to another record above $1,311 an ounce on Wednesday, its ninth record-high session this month, as lingering economic uncertainty spurred buying from investors.

    Spot gold hit a high of $1,311.30 an ounce, with gains also driven by an increase in holdings on the exchange-traded fund.

  • <p><b>A security guard walks under a flyover undergoing construction in Hyderabad</b>
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Foreign investment will play a secondary role in resolving India&#39;s infrastructure deficit in the near term given the complexity of completing projects, executives and officials told the Reuters India Investment Summit this week.
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Power, for example, attracted $1.44 billion in foreign direct equity investment in the most recent financial year -- a pittance in the context of India&#39;s hopes for $350 billion to $400 billion of funding for power for the five years starting in 2012.
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"I don&#39;t see any completely independent plants being set up by foreign companies," Bal Krishna Chaturvedi, the government Planning Commission member in charge of energy and infrastructure, said in an interview for the Summit.
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"The main entrepreneur continues to be Indian. This model we find is not a bad one because he knows the conditions here, he&#39;s able to handle it much bet

    A security guard walks under a flyover undergoing construction in Hyderabad

    Foreign investment will play a secondary role in resolving India's infrastructure deficit in the near term given the complexity of completing projects, executives and officials told the Reuters India Investment Summit this week.

    Power, for example, attracted $1.44 billion in foreign direct equity investment in the most recent financial year -- a pittance in the context of India's hopes for $350 billion to $400 billion of funding for power for the five years starting in 2012.

    "I don't see any completely independent plants being set up by foreign companies," Bal Krishna Chaturvedi, the government Planning Commission member in charge of energy and infrastructure, said in an interview for the Summit.

    "The main entrepreneur continues to be Indian. This model we find is not a bad one because he knows the conditions here, he's able to handle it much bet

  • <p><b>A mobile phone running Android is shown photographed in Encinitas, California</b>
</p><p>
Mid-sized Indian IT services firm MindTree Ltd is looking to launch its 3G smartphone based on Google Inc&#39;s Android platform in the United States in the second half of this fiscal year, and expects fiscal 2011 revenue to top the industry average, its CFO said.
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"The official industry revenue this year as put out by Nasscom (industry body) is up 13-15 per cent and we believe we will exceed that," Rostow Ravanan told the Reuters India Investment Summit on Wednesday.
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The company, which posted revenue of Rs 1,233 crore in fiscal 2010, also expects this rise to boost margins.
</p><p>
MindTree is in talks with at least one major US carrier for the launch of its smartphone announced in April.
</p><p>
Ravanan said the company is not currently looking to launch the phone in India.
</p>

    A mobile phone running Android is shown photographed in Encinitas, California

    Mid-sized Indian IT services firm MindTree Ltd is looking to launch its 3G smartphone based on Google Inc's Android platform in the United States in the second half of this fiscal year, and expects fiscal 2011 revenue to top the industry average, its CFO said.

    "The official industry revenue this year as put out by Nasscom (industry body) is up 13-15 per cent and we believe we will exceed that," Rostow Ravanan told the Reuters India Investment Summit on Wednesday.

    The company, which posted revenue of Rs 1,233 crore in fiscal 2010, also expects this rise to boost margins.

    MindTree is in talks with at least one major US carrier for the launch of its smartphone announced in April.

    Ravanan said the company is not currently looking to launch the phone in India.

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