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. 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. 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. 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. 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.
