In Tuesday's South Asia papers

26 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Kosi devastates Bihar; 2 million homeless
This is India's Katrina, only the challenges could be bigger. Like the Mississippi breached the levee to drown an unsuspecting New Orleans in the US, the mighty Kosi river in north Bihar has broken its embankment to pick up a channel it had abandoned over 200 years ago, drowning towns, numerous villages and rendering over a million homeless. Many are reported to have died.

Curfew continues in Srinagar; toll rises to five
Curfew remained clamped in the Kashmir Valley for the third day on Tuesday, as tension gripped the state after renewed violence in the last 24 hours.

Business

Tata plans Safari-Sumo crossover, new Indigo
After unveiling the next generation Indica, Tata Motors is planning to roll out the next generation variant of Indigo and a new cross-over vehicle between the Safari and Sumo.

Rough diamond prices rise 16%
A growing demand by consumers for polished diamonds has made the rough diamond prices go up by 16% since the beginning of the year.

THE ECONOMIC TIMES

Front Page

Equities seen lower on weak global cues
Equities are likely to remain subdued on Tuesday in line with trailing global markets as renewed global credit concerns began to hound investors.

Tatas set 2-week Singur deadline
The top management of Tata Motors has reportedly indicated internally that the company will pull the plug on Singur, if the situation does not improve within the next fortnight.

THE BANGLADESH TODAY

Front Page

Tarique slips in bathroom and is injured
Elder son of former Prime Minister Begum Khaleda Zia and also Senior Joint Secretary General Tarique Rahman on Monday received injury on the head and other parts of his body as he slipped in a bathroom of the prison cell at Bangabandhu Sheikh Mujib Medical University (BSMMU) hospital.

AL rejects EC’s timeframe for party registration
Awami League has rejected the Election Commission's timeframe for political parties registration terming it an autocratic decision of the EC that may create political stalemate in the country.

Business

BB sees Tk 95bn farm loan this year
Bangladesh Bank has set its sights on distributing nearly Tk 95bn loans in the ongoing fiscal year- some 13% higher than the target of last year-through the banks to lift farm production, an official said.

Talks offered to save India's Nano car plant
The head of India's West Bengal state invited opposition leaders on Monday for talks in a fresh bid to end protests against a plant building the world's cheapest car.

DAILY MIRROR

Front Page

Sri Lankan Navy won’t fire on Indian fishermen- Narayanan
Sri Lanka has assured India that there will be no firing by the Sri Lankan Navy on Indian fishermen hereafter, MK Narayanan, National Security Adviser, said on Monday.

PM hits back foreign nations on HR
Prime Minister Ratnasiri Wickremanayake charged several key foreign nations for questioning Sri Lanka’s human rights records despite their own human rights violations.

Business

Aureos Capital obtains 25% stake in Sunshine Holdings
Conglomerate Sunshine Holdings PLC issued 3, 333, 333 new ordinary shares to Aureos South Asia Fund by way of a private placement at Rs153 per share recently resulting in an investment of 25% stake through this placement.

Record breaking prices for ivy tea factory
The Ivy Tea Factory, under the proprietorship of  Bandula Dias in Wanduramba established an All Time Record price of Rs4,250/- for a line of FBOPF grade at the weekly Colombo Tea Auction held on 19th August, 2008, surpassing the previous record price of Rs 3,000 established in March 2004.

DAWN

Front Page

Nawaz pulls out of coalition
The Pakistan Muslim League-N on Monday finally quit the five-month-old ruling coalition because of differences with the Pakistan People’s Party on the issues of reinstatement of the deposed judges and unilateral nomination of PPP co-chairman Asif Zardari as a presidential candidate.

Asif offers apology
PPP co-chairman Asif Ali Zardari, in a surprise move on Monday, admitted to have made mistakes, extended an apology and appealed to Pakistan Muslim League-N chief Nawaz Sharif to rejoin the coalition government for the sake of the country and democracy.

Business

Millers resent delay in wheat issue price
With Ramazan only a week away the Sindh government has neither announced the issue price nor quota allocation policy for release of wheat from its stocks to flour mills in the city. Millers attribute the government silence on issue price and quota allocation to official pressure on them to offer wheat flour at Rs22 a kg to consumers during the fasting month.

Intervention in bourses ruled out
Securities and Exchange Commission of Pakistan Chairman Raziur Rehman on Monday said that there was no need to intervene in the stock markets which recorded a historic decline recently. He said that there was a downward trend in the regional markets coupled with a lack of political and economic stability in the country.

BUSINESS RECORDER

Front Page

Coalition split one week after Musharraf resignation
PML-N pulled out of the ruling coalition on Monday, deepening a political crisis that has diverted government attention from pressing security and economic problems.

Troops kill five militants in Bajaur: official
Pakistani gunship helicopters shelled militant hideouts on Monday in Bajaura tribal region near the Afghan border, killing five rebels, officials said.

Business

'Policy statement on economy soon'
Leader of the House in Senate Raza Rabbani has said that finance minister would shortly give a policy statement on economy in the house. Rabbani was responding to a point raised by Senator Waseem Sajjad.

Saarc nations asked to ratify Sarso agreement
The South Asian Association for Regional Co-operation (Saarc) secretariat has requested the member states to initiate the process of ratification of agreement on establishment of South Asian Regional Standards Organisation (Sarso), and protocol of accession of Afghanistan to agreement on South Asian Free Trade Area (Safta).

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