In Monday's South Asia papers

11 August 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Bindra wins first ever Olympic gold
World champion Abhinav Bindra clinched India's first ever individual gold medal at the Olympics, winning 10m air rifle event at the Beijing Games here on Monday.

Alert in Valley ahead of anti-blockade march
Authorities in Jammu and Kashmir have deployed additional security around fruit markets here in view of the separatist call to march to Muzaffarabad in Pakistan Occupied Kashmir on Monday

Business

Govt not keen on windfall tax
Government is not willing to buy the report on financial health of state-run oil firms prepared by a committee under plan panel member B K Chaturvedi that suggests raising fuel prices every month till these are in tune with international crude and taking away earnings beyond $75/barrel that firms, including private partners, make on oil produced from fields given without bidding before 1999.

BPOs face churn as it moves up the value chain
The Indian IT-BPO industry is coping with a lot these days. NASSCOM's prediction of a lower growth rate - around 21-24% - is just one of the problems. Analysts say, the number of new deals being signed have come down compared to last year.

THE ECONOMIC TIMES

Front Page

MFs bet high on large caps, as FIIs pull out
The heightened volatility witnessed in the markets during the first quarter of this financial year had mutual funds ploughing in more money on the large cap companies listed on the Sensex even as Foreign Institutional Investors (FIIs) reduced their stakes.

Retail giants focus on discounts to perk up sales
Inflation-hit consumers are steering clear of discretionary spends to gravitate towards value formats and discount stores to stretch their buying power.

Business

Oil rises over $1 on military conflict in Georgia
Crude oil topped $116 (€75.4) a barrel on Monday, rebounding from the previous session's decline on concern that fighting between Russia and Georgia could disrupt energy exports from the Caspian region.

Railway track plans held up on price hitch
Railways is incurring a loss of around Rs18bn ($428.5m)on its track expansion projects due to non-availability of sleepers the concrete bar used in laying rail tracks).

THE BANGLADESH TODAY

No news update

DAILY MIRROR

Front Page

Chintana tops Group C Men's 69kg weightlifting
Weightlifter Chintana Vidanage tops the Group C of the Men's 69kg category by lifting a total of 293 Kilograms at the Beijing Olympics a short while ago.

Electric shock causes jumbo to run amok
An elephant taking part in a cultural pageant startled by an electric shock ran amok in Ragama early yesterday killing one spectator and injuring more than 30, including at least three children.

Business

CB opens online counter for public
The Central bank of Sri Lanka, with a view to catering to an increasing demand for its publications and commemorative coins from around the globe has opened an online sales counter at the CBSL website www.cbsl.gov.lk.  The CBSL website is among the popular websites in the country recording more than 80,000 visitors per day.

ILO assists SL on GSP+
The International Labour Organization (ILO) is to support Sri Lanka so that the country would be able to receive the imperative Generalised System of Preferences (GSP+) which is a concession vital for the export sector when dealing with the European Union (EU).

DAWN

Front Page

Musharraf may face corruption, murder charges
The government’s charge-sheet against President Pervez Musharraf will comprise hundreds of pages containing charges of misconduct, financial irregularities, violations of the Constitution and ‘criminal acts’ that could lead to an open trial, but the PPP expects the president to resign before the impeachment motion is submitted to parliament.

US wants ‘honourable’ stay for president in Pakistan
The United States does not want to interfere in the impeachment process but should President Pervez Musharraf agree to step down, the Americans would like to ensure a secure and honourable stay for him in Pakistan.

Business

Financial services: monitoring options
In the 1990s, the Asian Development Bank had suggested a change in the supervisory set-up of the financial services sector, and to implement it, ADB had provided funding support.

The lure of Dubai’s property boom
Many investors with surplus money, whether in business, private or government service or professionals, have either already bought or are planning to buy property in Dubai.

BUSINESS RECORDER

Front Page

Financial services: monitoring options
In the 1990s, the Asian Development Bank had suggested a change in the supervisory set-up of the financial services sector, and to implement it, ADB had provided funding support.

The lure of Dubai’s property boom
Many investors with surplus money, whether in business, private or government service or professionals, have either already bought or are planning to buy property in Dubai.

Business

Financial services: monitoring options
In the 1990s, the Asian Development Bank had suggested a change in the supervisory set-up of the financial services sector, and to implement it, ADB had provided funding support.

Tackling cartels in fertiliser trade
Fertilizer usage is declining taking farming gradually down with it and exposing the country to severe food insecurity. The trend continues unabated.

By: Staff Reporter
+44 20 8652 3214

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