12 July 2007 06:00 [Source: ICIS news]
MUMBAI (ICIS news)--These were the top stories at 05:00 GMT in the following South Asia/ Middle-East newspapers’ online versions on Monday. To go to the individual websites, click the links below
The Times of
Disc yields syringe bomb data
Kafeel Ahmed had made a thorough study of how to make syringe bombs, which he used in the
Rupee rise: For first time, Infy unable to meet forecast
It wasn’t the best of beginnings for Kris Gopalakrishnan. But one could hardly blame Infosys Technologies’ new CEO. The rupee’s rise against major currencies, most notably the dollar, has been so relentless that the best of Indian export companies are struggling to cope with it.
Results, global cues drag sensex down 99 points
Even as software major and index heavyweight Infosys posted better than expected results for the first quarter, the BSE sensex on Tuesday lost 99 points as the company revised downward its earnings guidance for the year.
The Economic Times
Rupee hurts Infosys
Managing the rupee was the running theme as the tech giant Infosys unveiled its first quarter results on Wednesday.
IPOs aren’t run machines
Here’s a sobering thought for those who believe in investing in IPOs. Listing gains --the return on the IPO scrip at the close of listing day over the allotment price -- have been falling substantially in the past two years. Average listing gains have fallen from 38% in 2005 to as low as 2% in the first half of 2007.
Khalifa to visit Syria,
The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, will begin a three-nation tour of Syria, Algeria and France, on Sunday it was announced here yesterday.
Diversion at Baniyas interchange
From Friday, traffic at the Baniyas interchange in
Etisalat net profit rises 33% in H1
Etisalat yesterday announced net profit of Dh3.73 bn ($1.01bn/€0.74bn)during first half of 2007, reflecting a growth of 33 % over the same period last year.
DIC targets $25bn assets in 2 years
Dubai International Capital LLC (DIC), Dubai Holding's flagship buyout firm, which has made a string of global acquisitions, including stakes in Airbus parent company EADS, DaimlerChrysler and HSBC banking group, yesterday unveiled a restructuring programme targeted at creating more than $25 bn (€18.18bn) of assets under management in two years.
Small bomb explosion in
A small bomb went off in the car park of a local government office in
German woman kidnapped in
A German woman who was kidnapped in
Commercial Bank announces KD 60.9m net profit for H1 2007
Commercial Bank of
Expert urges KSE to activate options market
Experts and officials of companies listed at the Kuwait Stock Exchange (KSE) have urged more attention to derivatives at the bourse such as parallels, derivatives, options and futures.
Mystery shrouds exact casualty figures
The government said on Wednesday that army commandos had wiped out all militant resistance in
Grand alliance minus PPP
A mini-summit of the Multi-Party Conference held here on Wednesday launched a sort of a grand alliance, calling it the All Parties Democratic Movement, but minus the PPP.
SBP shifts 20-30% POL import bill to banks
After three years the State Bank of Pakistan has decided to partially off-load the burden of import bills of petroleum products and passed it on to the private sector, which could cause an impact of $2.3bn (€1.67bn) for the current fiscal.
Divergent views on business activities
Traders of various markets offered conflicting views on buyers’ turnout and sales volume on Wednesday after the killing of Maulana Abdul Rasheed Ghazi in an army operation at Lal Masjid on Tuesday.
President Pervez Musharraf and the
POL products: banks to buy foreign currency from interbank market
State Bank of Pakistan (SBP) has directed banks to purchase foreign currency from interbank for furnace oil and under form "M" POL import. The SBP, in a circular to the heads and principal offices of all authorised dealers in foreign exchange on Wednesday, said the directive would be effective from July 13.
CPI increases to 7.77 percent in last fiscal year
The Consumer Price Index (CPI) has increased to 7.77% for the fiscal year ending 2006-07 over the same period of last year. The CPI based food inflation increased to 9.68% in June 2007 over the same period last year, Federal Bureau of Statistics (FBS) said on Wednesday.
Jetro to support Pakistani firms in FOODEX
Japan External Trade Organisation (Jetro) would support participation of reputed companies from
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