In Wednesday's South Asia papers

19 November 2008 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Purohit told me about pilfering RDX: Army Capt
The anti-terrorism squad investigating the recent Malegaon bomb blasts has recorded the statement of arrested Lt-Col Shrikant Purohit's colleague Capt Nitin Joshi who reportedly said that Purohit had told him about pilfering RDX.

Locals hold 90% jobs in Maharashtra: Survey
Amid the growing political fury over 'outsiders' taking away jobs from locals, here are statistics that tell a very different story.

Business

Pepsi ends ties with BBDO, goes to TBWA
Stuart Elliott Pepsi ends ties with BBDO, goes to TBWA Stuart Elliott One of the longest relationships in advertising is coming to an end as PepsiCo shifts.

Real estate cos ask for home loan at 7%
Prabhakar Sinha Real estate players are not willing to cut prices of apartments and houses as suggested by FM P Chidambaram on Tuesday.

THE ECONOMIC TIMES

Front Page

Foreign investors still vie for tickets to India meets
They may be in retreat for now, but looks like foreign fund houses are merely biding time for the clouds of gloom to lift so that they can resume investing in India.

Private banks hike margin money for car buy
For many, the first car is always has a great emotional value. The rising interest rates, which has hurt car buyers is just one side of the story.

THE BANGLADESH TODAY

Front Page

Five Advisers’ meeting with Khaleda ends inconclusively
Commerce Adviser Hossain Zillur Rahman said on Tuesday that the government will soon disclose its stand about implementation of BNP's four point demands.

Election must be held on Dec 18
Awami League President Sheikh Hasina on Tuesday said parliamentary election must be held on December 18 and it cannot be extended by even a single day to meet the demands of a certain political party.

Business

SEC raises ceiling of merchant banks’ loan ratio
The Securities and Exchange Commission has raised the ceiling of merchant banks' margin loan ratio from 1:1 to 1:1.5, an official said on Tuesday. Margin loans are given by merchant banks for trading purposes to the stock market traders against the shares traders hold.

Domestic investment shows steadily upward trend over last two years
Domestic investment in the economy showed steadily upward trend in past two years despite a decline in the overall investment registration, mainly resulting from a slow down in the inflow of foreign direct investment (FDI)

DAILY MIRROR

Front Page

TRO funds forfeited to the State
A sum of approximately Rs.71m which was lying to the credit of the Tamil Rehabilitation Organization (TRO) at the time the funds of the TRO were frozen, have now been forfeited to the State, the Central Bank said today.

Horowpothana abductees released
The four sand miners allegedly abducted by the LTTE in Horowpothana on Monday evening have been released this evening, Police Spokesman SSP Ranjith Gunasekara said.

Business

Dialog powers Hemas Hospital
Dialog Enterprise Solutions, the integrated business division of Dialog Broadband Networks (DBN), entered into a partnership with Hemas Hospitals (Pvt) Ltd. to provide total connectivity solutions to their health care service operation.

Virtusa among top 100 best
Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, has announced its ranking on the FinTech 100, an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from the financial services industry.

DAWN

Front Page

US commander says Pakistan backed raid
The US military has launched a coordinated operation with Pakistani forces to put pressure on insurgents on both sides of Afghanistan’s wild eastern frontier, a US military commander said on Tuesday.

Isaf, ISPR come up with differing versions
International Security Assistance Force (Isaf) and Pakistan’s military have come up with differing versions of an incident which took place on Sunday following an attack on Isaf post by insurgents.

Business

Families in Orangi evicted to make way for ‘outsiders’
More than 70 families in Sector 11½ of Orangi Town have been left homeless as the town administration has bulldozed their houses declaring them encroachments on the cottage industrial zone's land but re-allotted the space to new applicants for residential purposes.

Quake threat to Karachi exposes cracks in system
Legend has it that seven revered Islamic saints whose shrines are located across Karachi have for centuries protected the city from natural calamities.

BUSINESS RECORDER

Front Page

Only Pak Army to take action inside territory: ISPR
Pakistan Army has contradicted a statement by US military commander that US military has launched a co-ordinated operation with Pakistani forces to put pressure on insurgents on both sides of Afghanistan's wild eastern frontier. Aaj TV quoted an ISPR, spokesman as saying that only Pakistan Army has authority to take action inside Pakistan territory against the militants.

US military launches joint border operation with Pakistan
The US military has launched a coordinated operation with Pakistani forces to put pressure on insurgents on both sides of Afghanistan's wild eastern frontier, a US military commander said on Tuesday.

Business

Pakistan seeks $55bn investment in various sectors
Pakistan is believed to have requested the Friends of Pakistan for as much as $55bn investment in a host of projects in various sectors.

Italy willing to boost Pakistan's economy through investments
Italy will invest in different sectors of Pakistan, including energy, textile, agriculture and marble sectors, to boost its economy.

By: Staff Reporter
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