Microsoft to cut additional 2,850 jobs from smartphone sector

New York, July 29  Hurt by a failed $7.6 billion Nokia experiment amid growing losses in the smartphone hardware business segment, Microsoft has announced to lay off an additional 2,850 workers to the previously 1,850 jobs it said it would cut.

In a regulatory filing, the tech…

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Chidambaram rejects Jaitley's remarks over inflation

New Delhi, Jul 29 (PTI) Former finance minister P Chidambaram today rejected Finance Minister Arun Jaitley’s contention in Lok Sabha that UPA government left behind double digit inflation.

“FM said UPA bequeathed double digit inflation. In June 2014 CPI (Consumer Price Index) was 6.77 and WPI (The Wholesale…

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Strike by 10 lakh bankers to hit operations on Friday

Chennai/Kolkata, July 28  Banking operations across India will be impacted on Friday as around 10 lakh employees of 40 private and state-run banks will strike work to protest the central government’s banking policies, a union leader said on Thursday.

“The strike is on. We are not aware…

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Jaitley warns I-T officials of action for 'insubordination'

New Delhi, July 28  Taking a serious view on some income tax officials passing a resolution against the Revenue Department, Finance Minister Arun Jaitley on Thursday warned them of disciplinary action, calling it an “act of insubordination.”

“Finance Minister Arun Jaitley has taken a serious view of such a resolution…

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Call drop a black spot in Indian telecom story: Telecom Minister

New Delhi, July 28  The telecom story in India, generally speaking, has been a “success story” the vexed issue of “call drop” has hit it like a black spot, new Telecom Minister Manoj Sinha told parliament on Wednesday

Replying to supplementary questions from members during question hour in Lok Sabha…

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