In Thursday's South Asia/Middle East papers

21 September 2007 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:30 GMT in the following South Asia/ Middle-East newspapers’ online versions on Thursday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:

The Times of India
Front Page

Yuvi inspires India to 18-run win over England
Yuvraj Singh smashed English fast bowler Stuart Broad for six sixes in an over as India won by 18 runs to stay alive in the Twenty20 world championships on Wednesday.

Ignoring Left, govt marches ahead on N-deal
Despite the Left parties' veto, the UPA government is waking up from its Left-induced stupor on the nuclear deal, working in concert with the US to take the agreement past the finishing line.

Business

RIL scales Rs 3 lakh crore m-cap
The day the Indian market raced to a new high, Reliance Industries (RIL), the most valued Indian company, crossed another milestone.

Small is big: Index scrips not as hot as mid caps
The 30-share BSE sensitive index (sensex) took around two-and-a-half months to traverse from 15,000 to 16,000. During the period, the index moved up by 9%. Interestingly, the index of small cap and mid cap companies went up by 12.34% and 10.68%, respectively.

The Economic Times
Front Page

Fed rate cut to bring more business to IT and BPO
The IT and BPO companies expect to gain from the US federal reserve’s larger-than-expected 0.5% cut in the benchmark interest rate. Service providers believe that it will boost the US economy, thus bringing in more business for the IT-BPO companies.

Vodafone set to redial telecom price war with Rs 666 handset
It’s official now. Along side the Nokias, Samsungs, Motorolas and Sony Ericssons there’ll be a new mass cellphone brand in India--Vodafone! Vodafone Essar, which will spend nearly Indian rupees (Rs) 2.5bn ($62.7m) on a high-profile brand transition from Hutch to Vodafone being unveiled on Thursday, is poised to launch cheap cellphones in India under the Vodafone brand. It will also launch co-branded handsets sourced from major global vendors.

Khaleej Times
Front Page

‘Dubai Cares’ for children in poor countries
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘Dubai Cares’ campaign on Wednesday, a new charity initiative during the holy month of Ramadan to help educate one million children in poor countries around the world.

Anti-Syrian MP killed in Lebanon car bombing
At least nine people including an anti Syrian MP, latest in a long line, were killed on Wednesday when an explosion ripped through an area in east Beirut, fomenting fear and chaos.

Business

Dubai's first Westin hotel expects 70pc occupancy
The Dubai International Marine Club (DIMC) is spending United Arab Emirates dirham (Dh) 1.7m ($463,215) for the recruitment, training and relocation of 700 employees for its new five-star hotel and resort along Dubai's Beach Road which will open in January.

Emirates NBD names CEO, senior managers
Emirates NBD, which is set for licencing by the UAE Central Bank following the merger between Emirates Bank International (EBI) and National Bank of Dubai NBD), has announced the appointment of Rick Pudner as its chief executive officer.

Arab Times
Front Page

Grandmother gets 20 years for 'honour killing'
A 70-year-old grandmother was jailed for minimum of 20 years on Wednesday for the murder of her daughter-in-law whom she blamed for bringing shame on her family by seeking a divorce.

Mitsubishi to enter Russian power plant market
Japan's Mitsubishi Heavy Industries plans to enter the market for power plant facilities in Russia under a tie-up with conglomerate Renova Group, a newspaper said Wednesday.

Business

Kuwait talks to Boeing, Airbus on $4bn order
Kuwait is in talks with Boeing Co and Airbus SAS on buying about 36 aircraft for around $4bn, a source close to the negotiations said on Tuesday. Last month state-owned Kuwait Airways cancelled an order for 19 passenger planes worth about $3bn from a local leasing company after parliament refused to approve funding.

Twelve-year storage and supply deal to be worked out from October
Kuwait-based logistics provider Agility denied on Tuesday a newspaper report it was close to signing a deal worth $1.3bn to supply goods to Iraq.

Dawn
Front Page

Judge points out deviation by politicians: 17th Amendment
The Supreme Court, hearing identical petitions against President Pervez Musharraf holding two offices, on Wednesday asked why no legislator pointed out any anomaly when the parliament was voting for the relevant amendment.

Musharraf urged to separate 2 offices
Commonwealth Secretary-General Don McKinnon urged President General Pervez Musharraf on Wednesday to hang up his military uniform before the end of his current presidential term.

Business

Trade with China to reach $15bn in 5 years
The volume of bilateral trade between Pakistan and China will reach $15bn mark in the next five years from the existing $5.2bn under the free trade agreement (FTA) effective from 1 July.

Retailers reluctant to cut atta rates
Retailers are still reluctant to pass on the benefit of a recent cut in wholesale price of atta to consumers, and they are still selling various varieties at enhanced rates.

Business Recorder
Front Page

Pakistan attaches great importance to relations with Commonwealth: Kasuri
Foreign Minister Khurshid Mehmood Kasuri said on Wednesday Pakistan attaches great importance to its relations with the Commonwealth and many steps have been taken in recent years to make the relationship more robust and mutually beneficial.

Schedule of presidential election likely by September 21-25: Rashid
Minister for Railways Sheikh Rashid Ahmed on Wednesday said schedule of presidential election can be announced between Friday to Tuesday (September 21-25).

Business

45 projects worth PRs154bn approved
The Executive Committee of National Economic Council (Ecnec) on Wednesday approved 45 development projects worth Pakistani rupees (PRs) 154.1bn ($2.5bn), with major allocation of over PRs100bn to infrastructure sector, said Engr Dr M Akram Sheikh, Deputy Chairman, Planning Commission.

Lawlessness in Site area: over a dozen industrialists shift business abroad
The rampant lawlessness and unproportional upsurge in street crimes in Site area have forced over a dozen well-established industrialists of the area to shift their business concerns abroad and left the country.


By: Staff Reporter
+44 20 8652 3214



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