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Workers at Nokia's TN plant go on strike
Production at mobile handset company Nokia’s factory at Sriperumbudur, near Chennai, was stopped after around 2,000 workers went on a flash strike Wednesday evening. Representatives of the Nokia India Employees Progressive Union (NIEPU) claimed the company had suspended 62 employees without giving any reason.

Asian stocks rise on China growth optimism
Asian stocks climbed, lifting the MSCI Asia Pacific Index to its best year since 2003, as commodity prices rose and China pledged to maintain a “moderately loose” monetary policy.

News of the day

Zylog Systems Q2 net dips 21%
Chennai-based software company Zylog Systems posted a 21 per cent dip in its net profit for the second quarter ended Septmeber 30, 2009 to Rs 20.91 crore as against Rs 26.48 crore in the same quarter last year.
Home Business

NEWSALERT: Vardhman Polytex to issue 2.5 million warrants

Oswal Group firm-Vardhman Polytex today said its shareholders have approved the issue of 2.5 million convertible warrants on preferential basis. - State gets Rs 294.17 crore from OSWAL-Iffco Paradeep deal The shareholders have also approved the appointment of Adish Oswal as the director of the company and Abhinav Oswal as the manager (Textile Business), the filing added. Details awaited


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