Nokia plans to cut up to 310 jobs, halt VR camera development
National  
Hindustan Times

Nokia plans to reduce up to 310 jobs from its Nokia Technologies unit and halt development of its virtual reality camera “OZO” and hardware, the Finnish company said on Tuesday.

The unit has about 1,090 employees and the potential cuts are expected to affect staff in Finland, the United States and Britain. Nokia employed about 102,000 employees as of end-June.

The unit will continue to focus on digital health and patent and brand licensing business, Nokia said.

“The slower-than-expected development of the VR market means that Nokia Technologies plans to reduce investments and focus more on technology licensing opportunities,” it said in a statement.

Nokia, whose main business is now telecoms network equipment, launched the camera last year as the first device for its digital media business, one of its new hopes for future growth.

It was designed for making 3D movies and games that can be watched and played with virtual reality headsets. Nokia cut the price of the camera by 25 percent to $45,000 later last year.

 
 


 
 
Delhi Metro fare hike comes into effect from today as DMRC rejects Arvind Kejriwal's request.
National  
ZEE NEWS

 
New Delhi: The increased metro fares will come into effect from Tuesday as the Delhi Metro Rail Corporation (DMRC) refused to defer the scheduled fare hike despite Chief Minister Arvind Kejriwal's opposition to it.
 
The board members on Monday discussed Kejriwal's proposal but decided to go ahead with recommendations of Fare Fixation Committee (FCC), to be made effective from October 10.
 

 

This is the second fare hike this year as proposed by the Fare Fixation Committee which was formed last year. The increased charges were to be applied in two phases - the first hike was already done in May this year.
 
Barring the minimum fare of Rs 10 for the distance of 0-2 km - which will remain the same, commuters will have to pay Rs 5-10 extra for distance travelled further as per kilometer scheme set by the transporter.
 
While commuters pay Rs 15 for the distance traveled between 2-5 km, now they will have to pay Rs 20. The maximum fare has been increased to Rs 60 as compared to current Rs 50.
 
Smart card users will continue to get 10 percent discount, so would those who happen to use metro during non-peak hours - between start of the metro service till 8 am, between 12 pm and 5 pm, and from 9 pm till the close of service.
 
The hike has been vociferously opposed by the Delhi government which accused the transporter of inefficiency and demanded that hike be withheld. The Delhi Assembly also passed a resolution on Monday seeking that the hike in fares be withheld.
 
In a letter sent to Union Housing and Urban Affairs Minister Hardeep Singh Puri, Delhi Chief Minister Arvind Kejriwal even proposed taking over the Delhi Metro promising an efficient management, provided the centre bears half of the expenses.

 

 
Puri, who had earlier said that the fare commitee's recommendations were binding, responded to Kejriwal on Monday, saying his proposals were not possible under the existing guidelines and rules.

 
 


 
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