Category: Other
Indian stocks surge to record high on Modi poised for victory
MUMBAI, May 16, 2014 (AFP) – India’s stock market jumped more than six percent to a record high of 25,000 points on Friday as business-friendly opposition leader Narendra Modi looked set for a landslide victory in national elections.The benchmark Bombay Stock Exchange index, known as the Sensex, rose 6.06 percent to 25,353.16 in morning trade […]
” for India as Congress concedes defeat
NEW DELHI, May 16, 2014 (AFP) – India’s triumphant Hindu nationalists declared “the start of a new era” in the world’s biggest democracy on Friday as the ruling Congress conceded defeat in elections that exposed anger about sickly economic growth and rampant corruption.Preliminary results and media projections at the climax of the marathon six-week election […]
‘s Modi eyes top team as BJP sweeps to victory
NEW DELHI, May 16, 2014 (AFP) – The Bharatiya Janata Party’s landslide election victory will usher in a new government expected to steer India sharply to the right after 10 years of rule by the leftist Congress party.Incoming premier Narendra Modi has never been in government at national level after spending the last 13 years […]
” Indians
VADODARA, May 16, 2014 (AFP) – Narendra Modi promised to work to “fulfil the dreams of 1.2 billion people” as he addressed cheering supporters for the first time Friday after a landslide Indian election victory for his Hindu nationalist party.A sea of well-wishers from across his constituency of Vadodara in Gujarat turned out to hear […]
Graphic Warning
May 12, 2014 (LBO) – Sri Lanka’s Court of Appeal has approved graphic pictorial warnings on tobacco packs after Ceylon Tobacco Company challenged new health ministry rules.Sri Lanka’s Daily Mirror newspaper said in its website that the Court of Appeal had dismissed a write application by CTC and allowed graphic health warnings covering 50 to […]
Modi seeks crowning victory in India election climax
VARANASI, May 12, 2014 (AFP) – Voters headed to the polls Monday in the climax of India’s marathon election, with frontrunner Narendra Modi seeking a crowning victory in the holy city of Varanasi for his right-wing Bharatiya Janata Party.“People are tired of false promises, corruption and the same old tape-recorded messages,” Modi said in a […]
Jail Term
May 09, 2014 (LBO) – A revenue official was jailed for 102 years on 34 counts related to a value added tax refund fraud and fined 12 billion rupees (91 million US dollars) along with several businessmen, a report said.The case involved the fraudulent refunds of value added tax involving amounting to 3.9 billion rupees, […]
Talawakelle Plantations, Sri Lanka March net down 60-pct
May 08, 2014 (LBO) – Profits at Sri Lanka’s Talawakelle Plantations Plc, fell 60 percent to 34 million rupees in the March 2014 quarter from a year earlier as margins on tea estates declined and hydro power revenues fell, interim accounts showed.The group reported earnings of 1.44 rupees per share for the quarter. Revenues rose […]
Sri Lanka poultry feed mill group in the red
May 07, 2014 (LBO) – Sri Lanka™s Ceylon Grain Elevators group, which has interests in feed milling and poultry said it lost 7.8 million rupees in the March 2014 quarter as demand for feed fell, though day old chick demand was recovering. But subsidiary Three Acre Farms which sells day old chicks said profits rose […]
Court Case
COLOMBO, May 5, 2014 (AFP) – Four of Sri Lanka’s most senior hardline Buddhist monks appeared in court Monday accused of insulting the Koran, in the first such case following a spate of religious hate attacks. Police established a new unit last week to investigate hate crimes in the wake of the violence, which raised […]
Sri Lanka to get New Zealand support for dairy sector
May 5, 2014 (LBO) – Sri Lanka is looking at ways to improve its dairy sector with New Zealand following a visit by a delegation which met industry officials in the island, a trade chamber said.New Zealand is a top dairy exporter in the world. Ceylon Chamber of Commerce said a delegation with officials from […]
Agalawatte Plantations to boost oil palm in Sri Lanka
May 04, 2014 (LBO) – Agalawatte Plantations, a unit of Sri Lanka’s Mackwoods group said it will expand its oil palm cultivation which had become a key contributor to gross profits in 2013, amid declining rubber prices and weather affected tea. Palm oil crop had increased to 7.4 million tonnes in 2012 up from 6.8 […]