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September 29: Snapshots for the day

  • September 29: Snapshots for the day

    September 29: Snapshots for the day

  • <p>An employee checks a 500 rupee note at a cash counter inside a bank in Agartala</p><p><b>India will borrow Rs 2.2 lakh cr in the second half of the fiscal year that begins on Oct. 1, higher than the budgeted Rs 1.67 lakh cr, R Gopalan, economic affairs secretary said on Thursday.</b></p><p>The government had in the February budget pencilled in gross market borrowing of Rs 4.17 lakh cr for the 2011-12 fiscal year, to help bridge its fiscal deficit that is forecast to be at 4.6% of the GDP.</p><p>

    An employee checks a 500 rupee note at a cash counter inside a bank in Agartala

    India will borrow Rs 2.2 lakh cr in the second half of the fiscal year that begins on Oct. 1, higher than the budgeted Rs 1.67 lakh cr, R Gopalan, economic affairs secretary said on Thursday.

    The government had in the February budget pencilled in gross market borrowing of Rs 4.17 lakh cr for the 2011-12 fiscal year, to help bridge its fiscal deficit that is forecast to be at 4.6% of the GDP.

  • General view of the Nokia flagship store in Helsinki</p><p><b>Nokia Oyj, the world&#39;s largest cellphone vendor by volume, is cutting 3,500 jobs in its second major restructuring in six months as it struggles with falling sales and profits.</b></p><p>Chief executive Stephen Elop, who took over at Nokia a year ago, unveiled the plans which include a factory closure and a new executive chairman for telecom gear joint venture Nokia Siemens Networks, on Thursday.</p><p>The company said it would close the Cluj factory in Romania which opened just four years ago and manufactured more simple cellphone models, leading to 2,200 job losses.</p>

    General view of the Nokia flagship store in Helsinki

    Nokia Oyj, the world's largest cellphone vendor by volume, is cutting 3,500 jobs in its second major restructuring in six months as it struggles with falling sales and profits.

    Chief executive Stephen Elop, who took over at Nokia a year ago, unveiled the plans which include a factory closure and a new executive chairman for telecom gear joint venture Nokia Siemens Networks, on Thursday.

    The company said it would close the Cluj factory in Romania which opened just four years ago and manufactured more simple cellphone models, leading to 2,200 job losses.

  • <p>Smoke and flames engulf the Royal Dutch Shell&#39;s Pulau Bukom offshore petroleum complex in Singapore</p><p><b>Royal Dutch Shell is shutting its half-a-million barrels-per-day Singapore refinery and could also shut the linked chemical complex as firefighters struggle to contain a blaze that has been burning for more than a day.</b></p><p>The plant is the largest Shell owns and makes up more than a third of Singapore&#39;s refining capacity. The city-state is Asia&#39;s crude and refined product trading hub and hosts the world&#39;s largest fuel oil market.</p>

    Smoke and flames engulf the Royal Dutch Shell's Pulau Bukom offshore petroleum complex in Singapore

    Royal Dutch Shell is shutting its half-a-million barrels-per-day Singapore refinery and could also shut the linked chemical complex as firefighters struggle to contain a blaze that has been burning for more than a day.

    The plant is the largest Shell owns and makes up more than a third of Singapore's refining capacity. The city-state is Asia's crude and refined product trading hub and hosts the world's largest fuel oil market.

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