In Monday's South Asia papers

24 December 2007 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:00GMT in the following South Asia newspapers’ online versions on Monday. 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

Brand Modi on a roll
In a conversation with a few colleagues, BJP’s prime ministerial hopeful L K Advani said that a win for Narendra Modi in the Gujarat elections was something like Indira Gandhi’s triumph in 1971.

Maya promises 30% reservation in private sector
Reiterating her support to provide quota for SC/ST and other backward communities in the private sector, UP chief minister Mayawati made a beginning by earmarking 30% of private sector jobs in the state.

Business

Daawat buys Kusha Inc in US
LT Overseas North America, a wholly-owned subsidiary of LT Overseas Ltd (LTOL), the makers of Daawat, has acquired Kusha Inc, a US-based company which imports premium quality Basmati rice from India.

Off-market transactions under scanner
Off-market transactions in the stock markets are getting tougher, especially for those investors who do not want to undertake share transactions through official bourses.

THE ECONOMIC TIMES

Front Page

Market could see a reversal from low levels
Despite weak global cues, last Monday saw the market open at almost unchanged levels. Thereby indicating not only are traders deep in profits, but are confident that the market will eventually reverse from lower levels. However, a gradual selloff below the 5,900- level could lead to uneasiness

Bharti eyes Big Apple as starter for retail feast
Bharti Enterprises, slated to start its retail business in the first quarter next year, may acquire Big Apple--the Delhi-based supermarket chain with 65 stores. Bharti’s acquisition blueprint in the retail sector may be a replay of its telecom business, where the group built up a pan-India mobile presence by acquiring telcos such as JT Mobile in Karnataka and Andhra Pradesh, Skycell in Chennai and Hexacom in Rajasthan.

THE BANGLADESH TODAY

Front Page

CG may lift emergency if CEC asks for it : Mainul
The government will consider lifting the state of emergency if the chief election commissioner asks for it in order to hold local government election.

Artefacts on way to France missing from ZIA
A box packed with Bangladesh artefacts set to be flown for exhibition in France, went missing from the Zia International Airport on Friday.

Business

Asia's airline sector set for slowdown
After two good years Asia's airline sector is set for a possibly steep slowdown in 2008 as the global credit crunch hits consumers, dampening air travel demand, an industry group said on Sunday.

Sri Lanka's cinnamon farmers seek divine help to spice up trade
Sri Lanka at the weekend revived an ancient ritual of offering the first cinnamon harvest to the gods, three years after a devastating tsunami wiped out centuries- old plantations here.

DAILY MIRROR

Front Page

Cabinet reshuffle soon
President Mahinda Rajapaksa is considering a cabinet reshuffle early next year in order to introduce a district development ministerial system and also prune down the ‘jumbo cabinet’ amidst growing pressure both from the opposition and certain sections of the government, a top government official said.

Major floods in five districts
Torrential rains during the weekend have caused a disaster situation in five districts - Ampara, Matale, Anurdhapura, Polonnaruwa and Batticaloa districts with over 6211 families displaced and 110 houses destroyed. Over 210 houses have been partly damaged.

Business

Price hikes, CoL dampen Christmas cheer
With Christmas around the corner, many are still busy trying to finish their Christmas shopping but this year’s gifts may come a tad expensive although there may not be many out to shop.

Asiri gears up to upgrade healthcare standards
An official Memorandum of Understanding (MOU) was signed between the Asiri Group of Hospitals and one of India’s leading healthcare providers, Manipal Health Systems to promote close cooperation in several key health areas. The MOU will strengthen co-operation and exchanges in health and medical areas with an aim to raise the healthcare standard.

DAWN

Front Page

Main parties get CDs of error-free rolls
The Election Commission handed over on Thursday electronic copies of computerised electoral rolls to three major political parties.

Sabotage unlikely in train crash
The Pakistan Railways said on Thursday that while investigation was still under way, sabotage did not appear to be the cause of derailment of the Karachi Express which, according to the revised figures, killed at least 40 people and injured 249 others on Wednesday night.

Business

Leaders defend manifestos
Pakistan Muslim League chief Mohammad Nawaz Sharif speaks about the fundamental reforms initiated during his tenure to strengthen institutions. The following is the text of an interview with Mohammad Nawaz Sharif:

A pre-election ritual or more
Blame it on ignorance, fatalism, apathy, de-politicisation, trust deficit, lethargy or wisdom derived from political history, the fact is that people of Pakistan are either indifferent or too confused to differentiate between political parties on the basis of their manifestos.

BUSINESS RECORDER

Front Page

Nawaz Sharif arrives Karachi today, to address public meeting
Leader of Pakistan Muslim League (N) Mian Nawaz Sharif will arrive on a two-day visit here at 11.30 am today. Soon after his arrival PML leader will directly go to the mausoleum of Quaid-e-Azam Mohammad Ali Jinnah to lay floral wreath and offer fateha.

BJP takes lead in Gujarat poll: reports
India's main opposition Hindu nationalist party was leading this month's crucial polls in religiously divided Gujarat state after vote counting got underway Sunday, television reports said.

Business

IMF praises high economic growth
The International Monetary Fund (IMF) has appreciated Pakistan's sustained high growth and also acknowledged that adherence to pro-poor policies has helped lower poverty rates. The IMF has noted that the South Asian country's economy continues to perform well despite recent political developments in the transition period as well as turbulence in the international capital markets.

Trade and economic cooperation among Saarc states top priority
President elect South Asian Association for Regional Co-operation (Saarc) Chamber of Commerce and Industry Tariq Sayeed has said that all out efforts would be made to accelerate the process of economic and social development among the South Asian countries.


By: Staff Reporter
+44 20 8652 3214



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