In Wednesday's South Asia papers

06 February 2008 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 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

Raj shows up at Mumbai top cop's function
The cycle of violence set in motion by activists of the Maharashtra Navnirman Sena continued uninterrupted on Tuesday even as the man who started it all, an apparently unruffled MNS chief Raj Thackeray, attended the wedding reception of police commissioner D N Jadhav’s daughter Kirti in Goregaon.

Maharishi Mahesh Yogi, guru to the Beatles, dies
Maharishi Mahesh Yogi, a guru to the Beatles who introduced the West to transcendental meditation, has died at his home in the Dutch town of Vlodrop, a spokesman said on Tuesday. He was thought to be 91 years old.

Business

No plan for a car below 800cc, says Maruti
Maruti Suzuki on Tuesday said it has no plans to launch a car below the 800cc segment but intends to unveil ‘world strategic models' like the Splash and A-Star for the Indian market.

Airlines express concern over airport fees
Alarm bells are ringing in the domestic airline industry as new airports in Bangalore and Hyderabad are about to open in a month where outbound passengers will have to pay a hefty user development fee (UDF).

THE ECONOMIC TIMES

Front Page

IPO party is over. Park money at own risk
Manish is in a dilemma. Until two weeks ago, his investment advisor was telling him to buy whichever stocks he wants to buy because, according to him, he cant lose any money in this market.

Jaguar, Land Rover deal to cost Tata Motors $2bn
The final cost of the Jaguar-Land Rover deal may go above the $ 2bn mark. According to sources in the auto industry, Tata Motors may end up forking out between $2-2.5bn for the two British brands depending upon the kind of engine supply and sourcing arrangements it can get Ford to commit to.

THE BANGLADESH TODAY

Front Page

HC ends Hasina hearing
The High Court ended the hearing of a writ petition filed on behalf of former prime minister Sheikh Hasina on Tuesday challenging the legality of her ongoing trial under the emergency powers rules.

Bangladesh gas worker took $145m in bribes
An employee of Bangladesh?s biggest state-owned gas company who earned a mere $100 a month used his position to pocket a colossal $145m in bribes over 12 years, an official said Tuesday.

Business

CA for boosting Bangladesh-Vietnam trade
Chief Adviser Dr Fakhruddin Ahmed Tuesday called for boosting further the trade volume between Bangladesh and Vietnam through exploring new fields of business.

Radisson hotel completes second year of operation
The Radisson Water Garden Hotel Dhaka has officially completed its second year of operation. The hotel was inaugurated on 5 February 2006 and went into full operation in 11 February 2006.

DAILY MIRROR

Front Page

Rights probe on verge of collapse
The future of the Presidential Commission of Inquiry (CoI) investigating cases of Alleged Human Rights violations hangs in the balance with its members expressing disappointment over what they see as step motherly treatment by the Presidential Secretariat and the CoI Secretary’s resignation, a source said yesterday.

Conflicting reports over sea clash
There was confusion over a reported incident between a group of Indian fishermen and the Sri Lankan Navy after two varied reports emerged yesterday – one saying the fisherman opened fire on the Navy while another suggesting Sea Tigers had clashed with the Navy.

Business

Private sector workers empowered
Two important labour rights laws were further strengthened by Parliament yesterday to give private sector employees more time to seek appropriate legal action against employment termination and settle industrial disputes with their superiors.

38% of CEOs a CIMA qualified "Superbrand"
CIMA Sri Lanka Division was awarded the Superbrand status recognizing their commitment towards promoting professional studies in the country. CIMA Sri Lanka Division President Aruna Fernando while welcoming their newly awarded status said that CIMA had focused on brand development in 2000 -2001.

DAWN

Front Page

Zardari claims he’s best for PM’s job
Pakistan People’s Party co-chairman Asif Ali Zardari has indicated that he may be the next prime minister if the 18 February elections bring the party to power.

Benazir’s handwritten will out
The Pakistan People’s Party made public on Tuesday the political will of Ms Benazir Bhutto in which she named her husband Asif Ali Zardari to succeed her, setting to rest speculations that she did not hand the party leadership to him, but had instead nominated their 19-year-old son Bilawal as her successor.

Business

Weak service sector raises recession fears in US
A dismal survey released on Tuesday of the services sector of the US economy showed a contraction for the first time in nearly five years in January, raising the odds that a recession is at hand, analysts said.

Concern voiced over paper prices
Lahore Chamber of Commerce and Industry President Mohammad Ali Mian has assured the paper merchants that he would take up the issue of rising paper prices with the authorities concerned.

BUSINESS RECORDER

Front Page

Pakistan nuclear weapons vulnerable: US
Political turmoil in Pakistan has not seriously threatened the military’s control of its nuclear weapons ‘but vulnerabilities exist,’ US intelligence said in a report on Tuesday.

Obama takes first blood as ‘Super Tuesday’ goes abroad
From the Indonesian city where Barack Obama spent part of his childhood to Hong Kong’s bars and a Dublin pub, US Democrats abroad grabbed their first chance to vote in ‘Super Tuesday’ primaries.

Business

Economic moot today
A conference and panel discussion on "Economic challenges for the new government" will be held on Wednesday at a local hotel. The organisers Investment and Marketing Conferences (IMC) said here on Tuesday, that chairman KSE Shaukat Tarin will chair the conference, schedules to discuss alternative investment product and long term relationship between investors, fund managers, insurers and bankers.

Offsetting budget deficit: government decides to curtail current expenditure
The government has decided to curtail current expenditure besides holding current development projects so far not initiated under PSDP-2008 for the next fiscal year. The arrangement has been made to bring down the budgetary deficit to four percent of the GDP as targeted in the current fiscal year budget.


By: Staff Reporter
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