In Thursday's South Asia papers

08 May 2008 04:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Olympic torch reaches the top of Everest
The Olympic flame has reached the top of the world. Live television footage showed a Chinese mountaineering team holding up a specially designed torch along with Chinese and Olympic flags Thursday on the top of Mount Everest.

Sabeel Ahmed arrives in Bangalore
Indian doctor Sabeel Ahmed, who was deported to India after serving 18 months in jail in the UK for withholding information about his brother Kafeel Ahmed's plot to blow up Glasgow airport, arrived in Bangalore early on Thursday morning.

Business

Racing time for bikers
There is good news for bike racing lovers in the country. As companies like Ducati, Honda, Suzuki and Yamaha are cruising in with an array of power bikes, efforts are also on to bring the premium MotoGP racing event in India.

Coal shortage to fuel power crisis
Even as countrywide demand for electricity rises with the temperature, generation units across the country are finding it tough to cope with the situation owing to shortage of coal as state-owned monopoly Coal India has lowered its supply projection from 305m tonnes to 292.15m tonne for 2008-2009.

THE ECONOMIC TIMES

Front Page

Companies offering bonus despite bad health
Once the domain of multinational companies and a favourite with the IT companies, bonus issues seem to be on everybody’s agenda now, with an increasing number of companies looking to reward shareholders with free shares. Yet not all are very convinced about this act of ‘generosity’. The reason being their poor financials.

Bharti-MTN tie-up a win-win for both companies: Analysts
It's still early days in talks by Bharti Airtel to take over Africa's leading wireless operator MTN but it could be a very lucrative proposition, analysts say.

THE BANGLADESH TODAY

Front Page

ACC submits charge sheet against Sheikh Hasina and 8 others
The Anti-Corruption Commission (ACC) has submitted charge sheet against former prime minister and Awami League President Sheikh Hasina and 8 others in Niko corruption case.

Programmes to free Khaleda in a day or two: Delwar
BNP Secretary General Khandoker Delwar Hossain on Wednesday said the party senior leaders have decided to announce programme in a day or two demanding release of Begum Khaleda Zia as well as ensuring early restoration of democracy in the country.

Business

NBR takes go-slow approach to catch new taxpayers
The National Board of Revenue (NBR) has taken a go-slow approach to catch new taxpayers, as the netting of new taxpayers and tax evasion have created panic among the taxpayers, especially the businessmen.

Experts sees export prospects of bamboo furniture
Speakers at a seminar have said the country could earn a handsome amount of foreign currencies by exporting locally-produced quality and durable furniture and household artifacts made of bamboo.

DAILY MIRROR

Front Page

Ranil warns of a dictatorship
Opposition UNP Leader Ranil Wickremesinghe yesterday charged that by proroguing Parliament the Government had taken the first step towards ending democratic rule Addressing a media conference at the Parliamentary Complex he said the Government had made it clear with this action that it was heading for a dictatorship.

Fake bomb on Sri Pada summit
A hoax bomb planted on the summit of the sacred Sri Pada causing panic among hundreds of devotees was control- blasted by the Bomb Disposal Unit last evening. The alarming detection of an unattended parcel on the sacred peak caused high panic among hundreds of rushing devotees around 2.30 p.m. yesterday.

Business

Investing in people bring far reaching results - Ranjith Page
Investing in people and processes, by focusing on efficiency in logistics management and waste control are bound to have far reaching beneficial effects on the economy, Chief executive Officer of the Cargill’s Ceylon Limited Ranjith Page said.

Closing date for company re-registration expires
The Department of Registrar of Companies said that a total of 20,377 companies re-registered with the Department with the new company law the coming into affect

DAWN

Front Page

Breakthrough claimed, but ball again in court of Asif, Nawaz
Representatives of the PPP and PML-N in the legal committee tasked with preparing a roadmap for reinstatement of deposed judges agreed here on Wednesday on the text of a draft resolution for their leaders to approve and decide how to implement it.

Asif, Malik head for London
Pakistan Muslim League-N leader Nawaz Sharif went to the British Foreign Office on Wednesday to meet British Foreign Secretary David Miliband.

Business

Growers condemn wheat import decision
Growers of the southern Punjab have condemned the government decision to import wheat while harvesting and thrashing of the crop are still in progress.

$2.5bn inflow by June 30 may stabilise rupee
The country expects an inflow of $2.5bn by 30 June, which will help stabilise rupee falling freely since the beginning of this year. Sources in the ministry of finance and State Bank said a total of $2.5bn from various sources, including selling of MCB Bank’s share, was expected to add to the country’s foreign exchange reserves.

BUSINESS RECORDER

Front Page

Judges restoration draft prepared: Naek
The last meeting of Judges Restoration Committee ended here late on Wednesday night at Punjab House. Federal Law Minister and head of the committee Farooq H. Naek, said while talking to media, judges restoration draft has been prepared.

Oil prices hit record peaks above $123
World oil prices surged to fresh record highs above $123/bbl on Wednesday amid concerns about tight supplies and lingering unrest in oil-rich Nigeria, traders said.

Business

Fudging budgetary figures: Salman hits back at Dar's allegations
Economic managers of the previous regime on Wednesday hit back at new government's allegation of fudging and underestimating budgetary figures, saying that it had hurt Pakistan's economy by triggering negative sentiment at the international level.

Pakistan''s weight up in MSCI EM Index
Pakistan will be the relative gainer of the latest MSCI rebalancing, as its weight within MSCI EM Index has increased to 0.18% from 0.16%.

By: Staff Reporter
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