Finland Financial News

Nokia's sales in India continued to plunge in the second quarter of the 2024 calendar year, in line with rival Ericsson reporting a similar fall a few days back, with their big telco clients Reliance Jio and Bharti Airtel cutting down on network capex spends having concluded their pan-India 5G rollouts. Industry executives and analysts say Finland's Nokia and Sweden's Ericsson will now have to rely on fresh 4G and 5G gear supply deals with Vodafone Idea (Vi) to revive their plunging sales in India, and support global growth. On Thursday, Nokia posted a steep 68% Year-on-Year (YoY) fall in India net sales to ₹3,007.3 crore in Q2, 2024, while Sweden's Ericsson reported a 44% YoY slide in sales in its Southeast Asia, Oceania and India market to ₹6,093 crore approx) in Q2, 2024. Ericsson does not reveal India-specific sales numbers.

Wireless and fixed-network equipment maker Nokia has reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology

Cartoon maker Simpsons is in news yet again. After the attempted assassination of former US President Donald Trump, a cartoon from the show has gone viral. It shows the former president dead and lying in a coffin. The social media was abuzz with many retrieving this image and comparing the incident to the cartoon. Was Simpsons prescient about an impeding event? The former US President was attacked by a gunman who has been identified as Tom Crooks. He shot Trump with a Sniper rifle and was gunned down by the US Secret Service. The image from Simpsons went viral before one of the fact-checking organizations commented on it. What did they say?

The Regime. Pohjoisesplanadi is also home to the Iittala & Arabia flagship store. Founded in 1881, Iittala is a glassware brand so integral to the homes and lives of locals that its rebranding and redesigned logo earlier this year sparked national outrage.

The United States, Canada and Finland will work together to build up their icebreaker fleets as they look to bolster their defenses in the Arctic, where Russia is increasingly active

Dozens of classic sailing vessels from 13 countries that are plying the Baltic Sea have arrived in the Finnish capital at the end of the first leg of the Tall Ships Races that began in the Lithuanian port city of Klaipeda in late June

PM Modi interacted with the contingent at his residence, while some athletes joined via video conferencing, including Olympic medalists PV Sindhu, Lovlina Borgohain and world champion javelin thrower Neeraj Chopra. During the meet, PM Modi interacted heavily with the ones who were making their debuts at the multi-sport extravaganza. He motivated them by saying that he will welcome them warmly once they secure a medal. PM Modi also encouraged them to keep the aim of raising the country's tricolour high in their hearts, no matter what their circumstances are, advising them not to ever blame their circumstances as such things hinder progress.

Turkey has emerged as a leading exporter of television dramas, bolstering the nation’s international image and drawing millions of viewers and tourists to its historical and cultural sites which are backdrops to many of the shows

Global Gender Gap Index by the World Economic Forum (WEF), Pakistan finds itself near the bottom of the list, with only Sudan ranked lower among 146 nations surveyed. This marks a further decline from its 142nd position last year, reflecting a worsening situation for women in the country, Dawn reported. Women's rights activists have issued impassioned pleas for both state and societal commitment to address gender disparities effectively. They emphasise the need to redefine the roles prescribed to women by Pakistsociety and the government. The annual index evaluates gender parity across four critical dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment. Leading nations in gender parity include Iceland, Finland, Norway, New Zealand, and Sweden, as reported by Dawn.

Ericsson has reported a 44% on-year fall in sales in the second quarter of calendar 2024 in market area Southeast Asia, Oceania and India, primarily due to a moderation in network capex spends by India's top two telcos, Bharti Airtel and Reliance Jio, post-completion of their pan-India 5G rollouts. Ericsson's sales in the Southeast Asia, Oceania and India market area plunged to 7.7 billion crowns (₹6,116 crore approx) in Q2 2024, from 13.8 billion crowns (₹10,961 crore) in the year-ago period. Sequentially, the vendor's net sales in this region was down 10%. «Sales decreased by -44% YoY. Networks sales declined primarily in India as investment levels have normalised after a record year in 2023,» Ericsson said in its earnings report Friday.

javelin throw star Neeraj Chopra has opted out of this Sunday's Paris Diamond League, citing the adductor niggle that has been troubling him for the past couple of months, according to a report. Speaking to 'ESPN', Chopra said he is focussing on training and strengthening his blocking leg. «I need to strengthen my blocking leg when I throw because that's when my groin gets pulled. We're working on that to see how we can reduce the impact on the groin and control the pressure on it,» he said, explaining the issue for which he will consult «different doctors» after the Paris Games. «I could have competed in more events for sure and that was the plan. But I have realised that my health is paramount, that comes first. Even if I feel the slightest discomfort or like I am pushing myself too much in training, I've learnt to pause for a bit,» he added.

Finnish lawmakers have narrowly approved a controversial bill that will allow border guards to turn away third-country migrants attempting to enter from neighboring Russia and reject their asylum applications

Weightlifting, running, stretching & spinning Yarraji has been doing exactly what Jackson prescribes for success in this extremely technical event. She puts in the hours in the gym, lifting weights and doing multiple lifts including, but not limited to, deadlifts, cleans, bench press, shoulder press, squats and lunges. Outdoor sessions include dynamic stretching, band work and drills from starting off the blocks to tackling and clearing the hurdles.

Vodafone Idea (Vi), which is set to embark on a mega expansion plan for 4G network and roll out 5G services, has completed trials using Samsung's virtualised RAN (vRAN) technology. Experts say the technology is expected to bring substantial cost savings to the telco as compared to legacy hardware infrastructure. ET explains what vRAN is, the type of network optimisation it can bring and what it means for Vi's vendor ecosystem. What is vRAN?

Also Read- Titan share price in focus as stock trades ex-dividend today. Details hereDr.

Marathon Digital Holdings, the world’s largest Bitcoin mining company, has started a new project that will warm an entire town in Finland.

Vodafone Idea (Vi) Friday said it has completed minimum rollout obligations for commencing 5G services in its 17 circles, for which the company had acquired spectrum in August, 2022. The companies buying spectrum in an auction need to roll out network and offer services to a certain level to meet the minimum standards. Vi’s bigger rivals Reliance Jio and Bharti Airtel has far exceeded the minimum requirements as both the telcos have almost completed their pan-India 5G rollout. But loss-making Vi is yet to announce its 5G roll out plans, due its strained cash position.

Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS among others will be in focus due to various news developments. APL Apollo Tubes The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to hear afresh the insolvency plea filed by APL Apollo Tubes against one of its purchasers of goods.

The World War II mystery of what happened to a Finnish passenger plane after it was shot down over the Baltic Sea by Soviet bombers appears to finally be solved more than eight decades later

Vodafone Idea, billionaire banker Uday Kotak on Friday questioned the debt-ridden telecom operator's decision to settle dues of two European equipment vendors — Nokia and Ericsson — by issuing preferential shares. He indirectly compared the deal with the age-old proverb «robbing Peter to pay Paul». «Financial markets create money out of thin air? A model for companies in financial difficulty: issue equity to creditors to repay their debt. If the stock is well traded, the creditor can sell in the market and get paid by investors. What is that story about Peter and Paul?,» Kotak said on social media platform X without naming Vodafone Idea.

Vodafone Idea Ltd (VIL) plans to raise up to Rs 2,458 crore through a preferential share issue to its two European equipment vendors Nokia and Ericsson, clearing a part of their pending dues and setting the stage for the struggling telco’s 4G expansion and 5G rollout. The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.