In Wednesday's South Asia Papers

23 January 2008 04:48  [Source: ICIS news]

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

 

Army, IAF to showcase might in March

After "soft power", it's time to flex the military muscle now. In keeping with its aspirations to be viewed as an emerging superpower, India will showcase its hard military power to an international audience with a huge Army-IAF combat exercise in March. 

 

Don't honour Taslima here, Sarkozy told

Apprehensive of yet another bout of angry Muslim protests, the government has said a polite 'no' to French president Nicolas Sarkozy's proposal to confer the prestigious Simone de Beauvoir award on exiled Bangladeshi writer Taslima Nasreen during his visit here.

 

Business

 

Mutual Funds battered, but investors hold nerve

Many of you would have invested in the market through mutual funds. In the wake of the Sensex’s chilling fall, how have they fared? Well, the bad news is that the erosion of MF net asset value (NAV) has been sharper than that of the 30-share sensitive index.

 

'IT services market to grow to $10bn by 2011'

23 Jan 2008, 0201 hrs IST,Sujata Dutta Sachdeva,TNNAt a time when market sentiments are at an all time low, a Gartner report makes some positive predictions about India. It says, the Indian IT services market will continue its upward swing to become worth $10bn by 2011 at a compound annual growth rate (CAGR) of 23.2%. 

 

THE ECONOMIC TIMES

 

Front Page

 

Street horoscope: Buy before markets recover

If you feel you can no longer depend on your equity analyst or fund manager after two days of market meltdown, don’t worry.

 

India Inc's top ten promoters lose over $68 bn

If you have been left poorer after the latest market crash, you are not alone to get that sinking feeling. Keeping company are some of India’s richest and most powerful businessmen. 

 

THE BANGLADESH TODAY

 

Front Page

Caretaker govt system lived out its life: Badruddin Omar
Columnist Badruddin Omar has said the caretaker government system is no longer a remedy to any political crisis in the country.

 

Government harassing family members of Khaleda, Delwar: Rizvi

BNP acting office secretary Ruhul Kabir Rizvi Ahmed on Tuesday alleged that the government was harassing the family members of BNP chairperson Khaleda Zia and party secretary general Khondoker Dewar Hossain.

 

Business

 

UAE to help upgrade Expatriates Welfare Ministry

The United Arab Emirates (UAE) has shown keen interest in supporting Bangladesh Ministry of Expatriates' Welfare and Overseas Employment in setting up an internet- technology system for efficient dispatch of workers to the gulf state. 

 

Global stocks hit by second day of turmoil

Stock market turmoil swept around the world again Tuesday, with Asian shares pummeled by fears of a US recession before hopes of international action helped Europe put up resistance.

 

DAILY MIRROR

 

Front Page

 

Batti poll may be a bombshell: Ranil 
The main opposition UNP yesterday called for the immediate reactivation of the Constitutional Council and the establishment of Independent Commissions to ensure free and fair elections in the East.

 

Grade One admissions: SC ruling sought

The Education Ministry is to seek a ruling from the Supreme Court to sort out certain problems that have arisen over the admission of children to Grade One in 2008. Ministry Secretary Nimal Bandara told the Daily Mirror yesterday that parents had complained of injustices done to their children regarding enrolment in Grade One.

 

Business

 

Jet Air, Kingfisher eyeing stake in SriLankan Airlines

Naresh Goyal-controlled Jet Airways and Vijay Mallya's Kingfisher Airlines are among a host of carriers looking at acquiring a 43.6% stake in Sri Lankan Airlines, aviation industry officials said.

 

Union Assurance wins top SAFA award

Union Assurance (UA), one of the leading insurance companys in Sri Lanka has brought honour to the nation by winning the most coveted South Asian Federation of Accountants (SAFA) award for Overall Best Presented Accounts,’ on 12 January, at New Delhi, India.

 

DAWN

 

Front Page

 

( no news updates )

 

BUSINESS RECORDER

 

Front Page

 

Proposed demutualisation ordinance approved: Cabinet reviews PIA affairs

The Cabinet, which met with Prime Minister Muhammedmian Soomro in the chair on Tuesday, has approved the proposed 'Stock Exchanges Ordinance'. The 'Ordinance' will ensure that all stock exchanges would be corporatised and effectively demutualised within 110 days of the promulgation of the law.

 

'Ration Card' system for utility stores to be started

The Cabinet, which met with Prime Minister Muhammedmian Soomro in the chair on Tuesday, has decided to start 'Ration Card' system in the country, but Information Minister Nisar Memon dispelled the impression of 'drought-like' situation. 

 

Business

 

Musharraf seeks investment to overcome terrorism

President Pervez Musharraf on Tuesday sought support of the West through investment in Pakistan's economy to help it overcome poverty, illiteracy and depravation, which were the root causes of terrorism.

 

'Many UK trade missions plan to visit Pakistan'

British Deputy High Commissioner and Director UK Trade and Investment (Pakistan), Hamish St. Clair Daniel, informed business community here on Tuesday that a number of British trade missions have planned to visit Pakistan during the next few months. 

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly