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Obama threatens to send troops to Pak to shut down Taliban
In a blunt warning, US has threatened to take "unilateral action" by sending its troops to Pakistan to shut down Taliban and other terrorist camps there, if Islamabad does not take decisive action against them. The Americans want the Pakistanis to target Haqqani network based in north Waziristan and Taliban supremo Mullah Omar and the members of the groups top Shura, believed to be hiding in Baluchistan.

Borrowing up by nearly 2.5 times; expense on defence goes up
The government will rely heavily on borrowings to finance its various flagship schemes as the target for this head has been increased to 34 paise of every rupee from 14 paise projected in the last Budget.

News of the day

US to consult India, China on its Burma policy
Announcing its policy to enter into a dialogue with Myanmar"s military junta, the Obama Administration today said it would actively consult and seek the help of countries like India and China as part of its new Burma policy.
Small Business

Nokia to axe 330 jobs in Finland, Denmark

Handset giant Nokia today said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations. - Simple joys - Nokia, ITC e-Choupal partner to offer agri-content - Senior Nokia official named Finnair CEO - IIM-L sees 25 per cent rise in summer job offers - State aims to revive IT sector with event - Nokia recalls 7210 charger The company plans to streamline research and development (R&D) operations in Finland and Denmark, which is expected to affect up to 230 employees at the Oulu site (Finland) and about 100 employees at the Copenhagen site, Nokia said in a statement. The company has around 17,000 employees in the research and development division, of which more than 2,000 are in Oulu and over 1,000 are based in Copenhagen. The company said it aims to support the employees with alternative solutions, such as finding new positions within the company for as many employees as possible. Nokia, in the third quarter of 2009, reported an operating loss of euro 426 million. It had posted an operating profit of euro 1.5 billion in the year-ago period.


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