In Tuesday's South Asia papers

07 October 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Finally, Nano all set to drive into Gujarat
The air is thick with anticipation as top Tata Motors honchos flew down from Mumbai late on Monday evening to take one final look at the site near Sanand, 25 kms from the western fringes of Ahmedabad, which has been identified for relocation of the Nano plant.

MNC techie sent terror emails: Mumbai Police
In what is touted as the 'biggest manhunt' in India, the Mumbai police on Monday claimed to have nabbed key members of the terror module allegedly responsible for the bomb blasts in Ahmedabad, Hyderabad and planting bombs in the diamond city of Surat.

Business

IRS body blames govt for ignoring Pay Panel
IRSA has blamed the government for ignoring recommendations of the Pay Commission, including upgrading the pay scale of members of CBDT to Rs80,000 per month (fixed). 

Market booster: Sebi relaxes PN norms
In a confidence-building measure with the potential for a long term positive impact on the market, Sebi on Monday announced to remove a host of curbs on indirect investments by foreign investors. 

THE ECONOMIC TIMES

Front page

RBI rate cut to lift market sentiment; weak global cues to limit gains
The market is expected to react to the Reserve Bank of India's move to cut the cash reserve ratio for banks to ease a cash squeeze caused by the global financial crisis.

Global airlines to cut fares by up to 30%
Even as domestic airfares have reached unprecedented levels, there is some respite on the international front with a drop of Rs2,400 to Rs14,000 in airfares on different sectors.

THE BANGLADESH TODAY

Front page

Khaleda, Nizami, 3 others ordered to appear before court Oct 12
A Dhaka court on Monday ordered BNP chairperson and former Prime Minister Khaleda Zia along with four senior members of her past cabinet to appear before it on October 12 in connection with the Barapukuria graft case.

UN supports election under emergency
UN resident coordinator Renata Lok Dessalian on Monday expressed her support to the Caretaker Government's decision of holding upcoming parliamentary elections under state of emergency.

Business

Privatization to help BD tourism industry grow
Opening up the tourism sector to the private investors and easing bureaucratic grips will substantially help the tourism industry grow, Bangladesh Parjatan Corporation Chairman Shafiq Alam Mehedi said.

DSE witnesses sharp fall
The Dhaka Stock Exchange (DSE) witnessed a sharp fall on Monday amid profit taking after it crossed a psychological barrier of 3,000-mark on Sunday.

DAILY MIRROR

Only SLMC and NFF present from opposition
Sri Lanka Muslim Congress and National Freedom Front of Wimal Weerawansa were the only opposition parties present in parliament by the time of Karuna’s swearing in.

Janaka killed
Opposition Leader of the North-Central Provincial Council, Retired Major General Janaka Perera was assassinated in a suspected suicide bombing while he was attending the opening of a new UNP branch office in Anuradhapura on Monday.

DAWN

Front page

Suicide bomber sows terror in Bhakkar, attacks MNA
At least 22 people were killed and 62 others injured when a suicide bomber blew himself up in the outhouse of PML-N leader Rashid Akbar Niwani here on Monday.

S. Arabia brokering Kabul-Taliban talks
King Abdullah of Saudi Arabia recently hosted talks between the Afghan government and the Taliban, CNN’s Senior International Correspondent Nic Robertson reported on Monday quoting a source.

Business

KSE buys time for ‘floor’ removal
Shaukat Tarin, the man tipped to be the advisor-in-waiting on finance to the prime minister, said on Monday that given the option, he would leave the stock market to itself.

Rupee sinks to record low
Import payments drove rupee to a record low of 78.65 to the dollar in early trade on Monday.

BUSINESS RECORDER

Front page

Bhakkar suicide blast kills 22, injures PML-N MNA
A suicide bomber killed 22 people and wounded a Pakistani opposition politician on Monday in the latest attack to underscore the threat posed by Taliban and al Qaeda militants.

Oil stays below 90 dollars
Crude oil prices remained below 90 dollars a barrel in Asia on Tuesday as deepening global financial turmoil and plunging stock markets raised fears about slowing demand for energy, dealers said.

Business

Foreign investors: 25.5% drop in repatriation of profit
The repatriation of profit by foreign investors after a consistent rise for the last few years, has registered a significant decline of 25.5% in the first two months of the current fiscal year due to the poor economic conditions.

Pakistan wants greater market access to EU: Prime Minister
Welcoming the French statements that every country has the right to use nuclear energy for peaceful civilian purposes, Prime Minister Syed Yousuf Raza Gilani has expressed hope that France will help Pakistan to use nuclear technology to meet its energy requirements.

By: Staff Reporter
+44 20 8652 3214

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