In Monday's South Asia papers

15 September 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Mumbai next in terror crosshairs?
As the capital reeled from Saturday's serial blasts, intelligence agencies were seeking to figure out which could be the next possible target of the terrorists and their estimate is that Mumbai, India's financial capital, could be in the terror crosshair.

Conversion fire engulfs Karnataka, seven churches vandalised
After Kandhmal, it is the turn of Christians in Karnataka to face the ire of right-wing Hindu mobs.

Business

BT may sell 31% stake in Tech Mahindra to TCS
Looking to exit from the Indian venture Tech Mahindra, British Telecom (BT) is understood to have offered its 31% stake to Tata group company TCS. 

Tata starts work to cut JLR emissions
Tata Motors, the new owner of Ford's Jaguar and Land Rover (JLR), has started taking steps to reduce emissions from the two British marques to drive within the stricter norms that are expected to come in force across the European Union from 2012.

THE ECONOMIC TIMES

Front page

Stocks seen under pressure; crucial support for Nifty at 4200
Equities are likely to remain under pressure on Monday tracking the jitteriness in global market sentiment as US investment bank Lehman Brothers Holdings prepared to file for bankruptcy as potential buyers abandoned talks. 

Satyam Computers to axe 4,500 employees
Satyam Computers, which has just started giving pink slips to its employees, could potentially downsize its workforce by a whopping 4,500 employees.

THE BANGLADESH TODAY

Front page

Commerce Adviser hopes Hasina, Khaleda to hold talks in national interest
Commerce Adviser Hossain Zillur Rahman has hoped that BNP chairperson Begum Khaleda Zia and Awami League president Sheikh Hasina will hold talks with each other on different nation issues to reach a consensus in the greater interest of the country.

EC to finalise issues of registration; UZ, JS polls only after talks with BNP: CEC
Chief Election Commissioner (CEC) ATM Shamsul Huda on Sunday said the election commission will take decision on registration of parties, Upazila and parliamentary polls only after having consultation with BNP.

Business

Inflation bites into Ramadan celebrations across Asia
In Muslim households across Asia, the inflation crisis is casting a shadow over the holy month of Ramadan, and making the nightly ritual of breaking the fast a more meagre affair.

WB chief calls for new approach to fragile states
World Bank President Robert Zoellick on Friday called for a new approach to fragile states focused on "securing development" to help people in those countries escape from poverty and civil war.

DAILY MIRROR

Front page

Train employees to strike  
Train services are to be disrupted tomorrow as about 10,000 railway employees are to launch a token strike from today midnight over a salary and allowance issue.

Maldivians to vote in Colombo  
Maldivians living abroad will be able to exercise their right to vote outside the country for the first time in this year’s presidential election, as ballot boxes will be placed in four countries including Sri Lanka.

Business

SLPA breaks its own record in throughput
Sri Lanka Ports Authority (SLPA) has successfully been able to record its highest ever monthly throughput in August 2008 exceeding its previous highest monthly throughputs recorded in June and July this year.

LAUGFS takes control of two hotels 
LAUGFS Group of Companies yesterday announced the taking over of the management control of south’s premier three star hotel the Emerald Bay Hotel in Induruwa and Temple Trees, a boutique hotel in Bentota.

DAWN

Front page

Crisis deepens as India blocks Chenab flow
India has closed Chenab water flow and as a result the shortage in Pakistan has become more severe.

Pervaiz resigns as Leader of Opposition in NA
Leader of the opposition in the National Assembly Chaudhry Pervaiz Elahi tendered his resignation from the position on Sunday in what was described here as a sudden and unexpected move

Business

Outlook for kharif crops
Water scarcity, frequent power outages, short supply of fertiliser and a lingering dispute between millers and cane growers on pricing have hit the kharif crops this year, and initial production estimates of cotton are confusing.

Risks in mergers, mega banks
The Basle Accord-II provides a formula for determining the adequacy of bank capital by relating it to risk-weighted value of a bank’s assets.

BUSINESS RECORDER

Front page

16 militants killed, 25 injured in Bajaur Agency 
Security forces, backed by helicopter gunships and artillery, battled al Qaeda linked militants near the Afghan border on Sunday, killing 16 and wounding 25, a government official said.

Five-year policy framework: IMF analysing economic statistics
The International Monetary Fund (IMF) team has started analysis of Pakistan's economic statistics submitted by the finance ministry before assisting the government in finalisation of new five-year macroeconomic policy framework, informed sources told Business Recorder here on Sunday.

Business

Micro Finance scheme for cottage industries planned
Punjab government would soon initiate a 'Micro Finance' scheme with an amount of Rs 1bn during current fiscal period for the development of cottage industries in the province.

PSQCA scheme to help entrepreneurs penetrate global halal market
The Accreditation Scheme for Halal Certification Bodies (ASHFCB) developed by Pakistan Standards & Quality Control Authority (PSQCA) would help entrepreneurs penetrate the halal market of 1.4bn muslims globally.

By: Staff Reporter
+44 20 8652 3214

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