FAST-TRACK NEWS
THE IBS TIMES - LISA.T.SAMUEL
Maruti Q2 profit falls 60%, to open new plant in Gujarat The country's largest car-maker Suzuki India today reported 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of labour unrest. The company's board, meanwhile, has approved to purchase land in Gujarat to set up manufacturing facilities. The company had posted a net profit of Rs 598.24 crore in the same period last year, Maruti Suzuki India (MSI) said in a statement.
Google effect: Motorola Mobility to cut 800 jobs Motorola Mobility Holdings Inc, the mobile-phone maker that agreed to be bought by Google Inc, expects to incur $31 million in costs as it cuts 800 jobs, according to a regulatory filing. The pre-tax costs include $27 million in severance and $4 million for closing facilities and will be recorded this quarter, Libertyville, Illinois-based Motorola Mobility said in a regulatory filing with the US Securities and Exchange Commission. The moves were approved Oct. 24, the company said.
Ind v/s Eng: England thump India by 6 wickets at Eden Gardens Kevin Pietersen smashed 53 off 39 balls as England finally found success on the Indian tour with a six-wicket victory in the lone Twenty20 international in Kolkata on Saturday. The tourists enhanced their reputation as the reigning world Twenty20 champions by keeping the hosts down to 120-9 before surpassing the modest target with eight balls to spare. England silenced some 40,000 fans at the Eden Gardens by ending the tour on a high after being blanked 50 by Mahender Singh Dhoni's India in the preceding one-day series.
India squander lead to draw against Pakistan in a heated match India squandered a three-goal lead to draw 3-3 against arch-rivals Pakistan in an ill-tempered match of the double leg tri-nation hockey tournament on Friday. Veteran drag-flicker Sohail Abbas struck twice for Pakistan in the 46th and 64th minutes while captain Shakeel Abbasi scored the equalizer a minute later after India had taken what seemed to be an unassailable 3-0 lead at the breather. For India, Tushar Khandkar, Danish Mujtaba and Rupinder Pal Singh scored in the violent-marred match which was stopped one minute and 35 seconds before the end of regulation time due to ugly incidents on the field involving players of both sides.
Advani in semifinals of World Billiards Championship Ace Indian cueist Pankaj Advani advanced to the semifinals of the World Billiards Championship after defeating compatriot Devendra Joshi by 279 points. Advani had an average of 31.25 in 32 visits while Joshi managed to score 721 points with an average of 22.53 in 1000 up match in the quarterfinal tie. During the match, Advani smashed four century breaks of 147, 135, 133 and 120 whereas Joshi managed to score 153 and 109 points break at the Northern Snooker Centre.
Kvitova beats Stosur in WTA Championships semifinal Czech left-hander Petra Kvitova stormed back from a set down to beat Samantha Stosur 5-7, 6-3, 6-3 in a topsy turvy first semifinals at the WTA Championships on Saturday and is now one win away from a dream end to a spectacular season. The 21-year-old Wimbledon champion, a debutant at the season-ending showpiece featuring the top eight women in the world after beginning the year ranked down in 34th spot, will face either Russia's Vera Zvonareva or Belarussian Victoria Azarenka in Sunday's final inside the Sinan Erdem Arena.
25% Rule– The idea that a local government's long-term debt should not exceed 25% of its annual budget. Any debt beyond this threshold is considered excessive and a potential risk, since the municipality may have trouble paying the cost of debt.
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