Swedish clothing giant to open store in India

Swedish clothing giant to open store in IndiaStockholm, Feb 13 - The Swedish clothing giant Hennes & Mauritz (H&M) is planning to open its first store in India in 2014, announced the company in a statement Wednesday.

The introduction of H&M to India will be the latest in a series of important openings and the first store in India will be a flagship, Xinhua reported.

"We are very excited to open our first store in India. It is one of the most exciting countries in the world right now, with so much potential," said Karl-Johan Persson, CEO of H&M.

Three scientists share Nobel Prize for Chemistry

Three scientists share Nobel Prize for ChemistryStockholm, Oct 9 : The 2013 Nobel Prize for Chemistry has gone to three scientists for the development of multi-scale models for complex chemical systems, the Royal Swedish Academy of Sciences said Wednesday.

The prize has been awarded to Martin Karplus (US and Austrian citizen), Michael Levitt (US, British and Israeli citizen), and Arieh Warshel (US and Israeli citizen), Xinhua quoted Staffan Normark, the academy's permanent secretary, as saying.

Two scientists share 2013 Nobel Prize in Physics

Peter-Higgs-Francois-EnglertStockholm, Oct 8 : Francois Englert of Belgium and British scientist Peter Higgs have shared the 2013 Nobel Prize in Physics, announced the Royal Swedish Academy of Sciences in Stockholm Tuesday.

Alzheimer’s researcher gets 2013 Skandia Lennart Levi Prize

Miia-KivipeltoStockholm, June 24 : Miia Kivipelto, professor of clinical geriatric epidemiology at Karolinska Institutet (KI), has been named the winner of the 2013 Skandia Lennart Levi Prize.

Kivipelto, who works at KI's Alzheimer Centre and at the Aging Research Centre (ARC), will receive the prize for her research on dementia and Alzheimer's disease, which has identified several treatable risk factors and provided a more optimistic outlook for the prevention and treatment of these diseases.

Be polite, respectful: Caroline Winberg tells models

Caroline-WinbergStockholm, June 18 : Supermodel Caroline Winberg says models need to be professional to everyone if they really want to survive in the fashion industry.

The 28-year-old also feels that models should have the ability to remain polite and respectful at all times.

"I think it's important to always keep professional and surround yourself with good people, work hard and be nice to everyone," femalefirst. co. uk quoted Winberg as saying.

A fairy-tale wedding: Sweden's princess to wed commoner

Princess-MadeleineStockholm, June 7 : Sweden's Princess Madeleine will wed Saturday a commoner who is a US business school graduate. The marriage will have one of largest gatherings of kings and queens that Europe has seen for years.

Amidst great pomp and pageantry, Her Royal Highness Princess Madeleine Therese Amelie Josephine Bernadote of Sweden, Duchess of Hälsingland and Gästrikland, will wed Anglo-Irish commoner Christopher O'Neil Saturday.

The wedding will be officiated by Swedish bishop emeritus Lars-Göran Lönnermark, in the Royal Palace Church, Slottskyrkan, in scenic Stockholm's old town, Gamla Stan.

Tagore's Nobel prize centenary celebrated in Sweden

rabindranath-tagoreStockholm, June 4 : Rabindranath Tagore's Nobel Prize centenary celebrations began here Tuesday with Bollywood icon Sharmila Tagore, who is from the same family and on her first visit here, saying that there will "be readings of Tagore poetry and prose".

The opening ceremony took place in central Stockholm. Rabindranath Tagore won the Nobel Prize in Literature in 1913.

Sharmila Tagore was assisted by London-based producer Sangeeta Dutt, who is currently promoting her debut film "Life Goes On".

Electrolux Q1 profit lower than expected

ElectroluxStockholm, April 26 : Profit of the Swedish home appliance maker Electrolux in the first quarter this year amounted to 565 million Swedish kronor ($84.8 million) before taxes, which was less than expected.

The profit had dropped if compared to the 712 million Swedish kronor in the same period of 2012, according to the Swedish daily SvD.

The turnover of the company in the first quarter of this year reached 25,328 million Swedish kronor, lower than the 25,875 million Swedish kronor a year earlier, reported Xinhua.

Forecast shows optimism on Swedish economy

Swedish-economyStockholm, March 28 : Forecast for Sweden's gross domestic product (GDP) in 2013 growth had been raised from the earlier 0.8 percent to 1.3 percent, Swedish media reported.

The National Institute of Economic Research (NIER) of Sweden expressed the optimism in the Swedish economic development, reported Xinhua citing the Swedish media.

"We now have a more optimistic view on the unemployment rate than in December last year. It is no longer increasing and is more stable," said Jesper Hansson, with the NIER.

Real to play friendly against PSG in July

Real-Madrid-PSG-FC-LogoStockholm, March 27 : Real Madrid will play a friendly against Paris Saint Germain July 27 in Gothenburg, Sweden, match organisers confirmed Wednesday.

"It's a dream come true to welcome Real Madrid to Sweden. No one knows when they will be back again," said Affe Akbari, the managing director of organisers Sport and Evenemang, reports Xinhua.

Gothenburg hosted a friendly between Barcelona and English Premier League champions Manchester United last August, in which the match ended a goalless draw. (IANS)

Drugs waste in waterways are affecting fish behaviour, study

Drugs waste in waterways are affecting fish behaviour, studyAccording to a new study, the wastes from medical drugs, which are taken to deal with anxiety, are affecting fish behaviour in a significant manner in waterways.

Govt. set to allow Ikea to follow its global model in India

Govt. set to allow Ikea to follow its global model in IndiaSwedish furniture giant Ikea's proposal for making investments in food & beverages space is likely to be cleared by the government in a new proposal that the foreign company has tabled before the Foreign Investment Promotion Board (FIPB).

Of Ikea's investment proposal of Rs 10,500 crore (Euro 1.5bn) in India, the FIPB has approved proposals worth only Rs 4,200 crore, as it disallowed the company proposal to sell most of the products and establishment of in-store cafes.

IKEA asks Indian government to allow more products

IKEA asks Indian government to allow more productsSwedish home furnishing major IKEA has urged the Indian authorities to allow more flexibility in operating the company's proposed stores in the country after the government struck down most of the products that the company wanted to sell in India.

Swedish government and banking websites hit by web attacks

Swedish government and banking websites hit by web attacksIn what apparently was the most recent Web attack by the 'Anonymous' group of hackers, a number of Swedish government and banking websites - including the website of the central bank - went offline on Friday.

Sweden tops Berners-Lee’s Web Index survey

Sweden tops Berners-Lee’s Web Index surveyAccording to the recently-revealed results of a World Wide Web Foundation Web Index survey, Internet access is best being used by Scandinavian country Sweden, followed by the US and the UK respectively in the second and third spot.

As per the survey, which examined the use of Internet access in 61 countries, Sweden topped the new Web Index, which has been designed by Sir Tim Berners-Lee and the World Wide Web Foundation.

Saab buyer NEVS to launch its first vehicle in 2014

Saab buyer NEVS to launch its first vehicle in 2014 In a Monday statement, National Electric Vehicle Sweden (NEVS) - the buyer of bankrupt Swedish carmaker Saab - disclosed that it intends launching its first model in 2014, using the Saab name. The company also said that it aims to produce cars for the Chinese market because the authorities in that country are making substantial investments in electric vehicles.

The statement by NEVS - which is a joint venture between China-based National Modern Energy Holdings and Japan-based Sun Investment - came after the company completed the Saab purchase for an undisclosed amount.

Volvo reports better profit in Q2 than expected

Volvo reports better profit in Q2 than expectedStockholm, July 25 - Swedish auto manufacturer Volvo group has posted a profit of 6,764 million Swedish kronor (about $970 million) before tax in the second quarter this year, which is better than expected.

Profit of Volvo group in the second quarter was earlier estimated to be 6,102 million Swedish kronor ($876 million) while the profit in the same period last year was 7,249 million Swedish kronor ($1,040 million), reported the company.

IKEA extracts concessions from India on regulations

http://topnews.in/files/IKEA-logo.jpgMikael Ohlsson, president and chief executive of Swedish home furnishing major IKEA, had said at the time of India increasing foreign direct investment (FDI) in single-brand retail from 51 per cent to 100 per cent, that the conditions will attract only food chains and not retailers like IKEA.

Doctors replace major blood vessel in 10-year-old using stem cell treatment

Doctors replace major blood vessel in 10-year-old using stem cell treatmentA team of doctors in Sweden have successfully replaced a major blood vessel in a 10-year-old girl using a vein that was grown by her stem cells.

Taking Smear tests increases chances of cure, study

Taking Smear tests increases chances of cure, studyAccording to a new study, taking smear tests results in improving the chances of being cured for women who are diagnosed with cervical cancer.

The research conducted at the Karolinska Institute in Stockholm in Sweden found that there was a 92% cure rate after a smear test diagnosis compared to 66% for symptoms-based diagnoses.

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