Monday, April 30, 2012

Nokia in talks to sell luxury Vertu Brand

Nokia, which had its credit rating cut to “junk” status by Standard & Poor’s last week, first signalled its intention to sell Vertu in December, and recently said it plans to dispose of “non-core assets”

Cellphone maker Nokia is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world’s most expensive mobile phones, a source familiar with the company’s strategy said on Monday.

Earlier the Financial Times reported that talks with private equity group Permira were at an advanced stage on a possible sale which would raise about €200 million ($265 million).

Vertu’s cellphones can feature crystal displays and sapphire keys, costing more than 200,000 pounds ($320,000) due to the precious metal components.

Nokia, which had its credit rating cut to “junk” status by Standard & Poor’s last week, first signalled its intention to sell Vertu in December, and recently said it plans to dispose of “non-core assets”.

Nokia, once the world’s dominant mobile phone provider, declined to comment, while Vertu and Permira were not available for comment.

The FT report, published on its website on Sunday, cited people familiar with the talks as saying Goldman Sachs was advising on the possible sale, but said the outcome was not yet certain.

EQT, the Northern European private equity group, has also been in talks about buying the company, although those close to the process, cited by the FT, say that these are not progressing at this stage.

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Monday, April 30, 2012 by ESG-Network ·


Indian Economy is Strong

Brushing aside the concerns over impact of the proposed changes tax laws, commerce and industry minister Anand Sharma on Sunday said Indian economy is strong and exuded confidence that foreign investments will continue to flow into the country.

"Investment and taxation are two separate issues", he said, when asked whether the introduction of General Anti Avoidance Rules (GAAR) will hurt foreign investments. "For FDI, we have a policy which is stable and progressive and there have been changes made in the recent past which have gone down well with investors", the minister said.

Finance minister Pranab Mukherjee in his Budget for 2012-13 has proposed to introduce GAAR to check tax evasion by overseas investors. The proposal evoked criticism from institutional investors which felt the move would hurt investment.

Sharma, while recalling the initiatives taken by the government to attract FDI, said, “Some of the initiatives which are under implementation are projects like Delhi Mumbai Industrial Corridor (DMIC) and National Manufacturing Investment Zones (NMIZs).

“These are seriously engaging the interest of our foreign partners and we are hopeful that major developed countries, which are our economic partners, will be investing both in technology and in establishment in partnership with Indian industry”, he said.

On impact of global crisis on the domestic economy, the minister admitted that they would have some impact but the Indian economy was strong enough to withstand the problems.

“If we see our economy objectively, we are being affected by international crisis specially euro crisis and high oil prices. It affects specially exports and imports, thus, impacting the overall current account and trade account. But in actual sense, our economy is strong”, the minister said.

With crude oil and gold alone accounting for over 44% of total import bill of $489 billion and exports losing steam mid-way, India ended the fiscal 2011-12 with the highest ever trade deficit of $185 billion causing a “serious” challenge for the economy.

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by ESG-Network ·


Thursday, April 5, 2012

Best Songs to Play with Your Windows Down

This post brought to you by Kia Rio. All opinions are 100% mine.

Drive on the Way with cool songs, its Amazing ! Kia Rio and Spotify have partnered together to develop the "Best Songs with your Windows Down" playlist .

This is really amazing that you can submit, promote and play your favorite song, so easily all you have to do is to visit Kia- Rio Facebook Application and search for your favorite song and submit. You can also submit your own songs too. (All songs go through an approval process and don't get added to the playlist immediately. So Choose and submit songs wisely )

How This Works:
  • Choose your song, enter your name and email and click "submit!"
  • Be sure to click on "view playlist" so you can see all the songs submitted by others.
  • You'll have to download Spotify to enjoy the playlist if you don't already have it downloaded
  • Be sure to choose the application "Spotify" when the new application tries to launch

With Spotify you will be able to listen to these songs at home, and you can even take them with you in your car if you have the Spotify Mobile apps for iPhone or an Android Phone. With Offline mode, you can sync your favorite playlists using Wi-Fi so you can listen whenever you like without internet. Don't forget to check the playlist daily for new songs.

Now you can also enjoy your favorite songs in a Kia Rio equipped with the voice-activated UVO Infotainment System, powered by Microsoft. UVO, short for "Your Voice,"  it allows you to answer and place phone calls, receive and respond to SMS text messages, stream music from your phone, operate an MP3 player, select over 100 satellite radio channels, and listen to saved music on the digital jukebox .

You can fine tune UVO to understand the way you speak, so it can follow your orders of connecting with Bluetooth or starting MP3 player while you concentrate on driving.

Enjoy the "Kia Rio Best Songs to Play with Your Windows Down" via Spotify! I added my favorite Eminem & Linkin Park, it played like a charm. You can subscribe to the playlist or share it with your friends.

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Thursday, April 5, 2012 by ESG-Network ·


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