HTC says it may consider buying Nokia’s Chennai plant as Microsoft deal nears completion

NOKIA

0

22 Apr 2014 , 12:55

Nokia said on Monday that it expects the EUR 5.44 billion deal with Microsoft for sale of its Devices & Services to conclude on April 25 and expressed the hope it would continue to operate the disputed Chennai plant under a service agreement.

“Nokia today announced that it expects the transaction whereby the company will sell substantially all of its Devices & Services business to Microsoft to close on April 25, 2014. The transaction is now subject only to certain customary closing conditions,” Nokia said in a statement.

Sensex hits record high for second consecutive day

MUMBAI: A benchmark index of Indian equities markets touched a record high of 22,853.03 points on Tuesday for the second straight day, surpassing new high of 22,795.58 points it touched on Monday. 

Good buying was observed in capital goods and oil and gas sectors, while selling pressure was seen in metal and auto sectors. 

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 22,771.24 points, was trading at 22,795.23 points in the pre-noon session, up 30.40 points or 0.13 percent from the previous day's close at 22,764.83 points. 

RBI likely to hold rates till December: BofA-ML

The Reserve Bank of India (RBI) is likely to be in a "break" mode till December, as increasing El Nino risks intimidate the downpour, a Bank of America Merrill Lynch (BofA-ML) statement said.
According to the global financial services major, price increases pressures are likely to linger as a possible El Nino could involve the downpour, which in turn would thrust up food prices.

Sensex hits new record high of 22,812; Nifty at 6,827 in opening trade

The benchmark   BSE Sensex on Tuesday soared to a innovative evidence towering of 22,812.36 in breach trade on continued foreign capital inflows and tracking helpful familial cues together with vigorous commercial earnings.

UNITED STATES GDP GROWTH

The Gross Domestic Product (GDP) in the United States expanded at an annual rate of 2.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in the United States is reported by the U.S. Bureau of Economic Analysis. GDP Growth Rate in the United States averaged 3.24 Percent from 1947 until 2013, reaching an all time high of 17.20 Percent in the first quarter of 1950 and a record low of -10.40 Percent in the first quarter of 1958. The United States has one of the most diversified and most technologically advanced economies in the world. Finance, insurance, real estate, rental, leasing, health care, social assistance, professional, business and educational services account for more than 40 percent of GDP. Retail and wholesale trade creates another 12 percent of the wealth. The government related services fuel 13 percent of GDP. Utilities, transportation and warehousing and information account for 10 percent of the GDP. Manufacturing, mining, and construction constitute 17 percent of the output. Agriculture accounts for only 1.5 percent of the GDP, yet due to use of advance technologies, the United States is a net exporter of food. This page provides - United States Economy Expands 3.2% in Q4 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 

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