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  1. 1. Presented by: Ishudeep kaur Mba-2 (Finance) PUNJAB COLLEGE OF TECHNICAL EDUCATION 1 Weekly NEWS (15Nov -21 Nov 2010)
  2. 2. Apple sues Motorola, further escalating cellphone wars Apple Inc sued rival Motorola Inc, claiming the Droid smartphone maker infringes on three iPhone patents. Motorola is purposefully using its touch screen software, as well as other display technologies. Motorola's infringing activities have caused and will continue to cause Apple irreparable harm, for which it has no adequate remedy at law, unless Motorola's infringing activities are enjoined. Motorola has a leading intellectual property portfolio, one of the strongest in the industry, and we intend to vigorously defend ourselves in this matter," the company said.
  3. 3. Android is No. 2 on smart phone OS mkt Google's Android software platform rose to No. 2 spot globally on the booming smartphone market in the third quarter, research firm Canalys. Nokia's Symbian continued to lead the market with a 37% share, while Android had 17% of the market. Growing popularity of Android phones—made by companies including Motorola Inc, HTC and Samsung Electronics—puts Google in a good position as handsets look set to surpass computers for browsing the Web. Last quarter it saw a 14-fold growth from very low levels a year ago.
  4. 4. Sugar exports may begin next month Sugar exports are set to begin next month with the government likely to expedite the processing of applications from sugar mills for release of about 5 lakh tonne of sugar for exports. Large exports from India could swiftly depress global sugar prices, frittering away the very advantage that the sugar mills and exporters from here hope to gain . This is the first time in nearly 15 years that the Indian sugar industry finds itself in a position of projected plenty even while the global market is experiencing supply tightness and firm prices.
  5. 5. Japan bends, sets ballrolling for civil N-deal India on Monday made significant progress in its efforts to enter into a civil nuclear deal with Japan. Prime Minister Manmohan Singh and Japanese Prime Minister Naoto Kan, the two leaders welcomed the commencement of negotiations between India and Japan on an agreement for cooperation in the peaceful uses of nuclear energy in June 2010. Cooperation in this sector will open up new opportunities for further developing the India-Japan strategic and global partnership.
  6. 6. Export growth speeds up to 23.2%, makes space for capital flow curbs Exporters rose to a 24-month high in September while imports grew a tad less, lowering the trade deficit and creating policy space for the government to restrict the destabilising capital flows without worrying about funding the large gap between imports and exports. Exports grew 23.2% to $18.02 billion while imports rose 26.1% to $27.1 billion, which helped restrict the trade deficit to $9.12 billion from an alarming more than $13 billion in August.