Category: Other
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MUMBAI, May 13, 2011 (AFP) – India is opposed to extending a piracy “risk zone” to the edge of its territorial waters, the country’s maritime regulator said Friday, as pirates seek new targets beyond the Horn of Africa. The extension, brokered by the International Transport Workers Federation with ship owners and managers, came into effect […]
Australia and India launch free trade talks
SYDNEY, May 12, 2011 (AFP) – Australia and India launched talks Thursday on establishing a Free Trade Agreement (FTA) aimed at greater economic integration between the two countries. Negotiations took place between Australian Trade Minister Craig Emerson and his Indian counterpart Anand Sharma with the focus on broadening the base of merchandise trade and removing […]
Sri Lanka Three Acre March net up despite price cuts
May 11, 2011 (LBO) – Sri Lanka’s Three Acre Farms said March 2011 quarter group net profit was 41 million rupees compared with just half-a-million rupees the year before although excess stocks forced it to cut prices. But there have been excess stocks in recent months after the government allowed chicken imports in the run […]
India to hire 10,000 teachers from Taiwan
TAIPEI, May 10, 2011 (AFP) – India plans to recruit up to 10,000 teachers from Taiwan to meet growing demand for Chinese language classes, Taiwan’s education ministry said Tuesday. Kapil Sibal, India’s minister of human resources, made the proposal during a meeting with Taiwan’s education minister Wu Ching-ji in India last week, an education official […]
Sri Lanka Grain Elevators March net up 64-pct
May 10, 2011 (LBO) – Sri Lankan poultry firm Ceylon Grain Elevators said March 2011 quarter net profit rose 64 percent to 94 million rupees from a year ago as gains from feed milling helped overcome high raw material prices. Sales grew 26 percent to 2.3 billion rupees during the quarter with earnings per share […]
India car sales grow at slowest pace in 2 years
NEW DELHI, May 9, 2011 (AFP) – Indian car sales grew at the slowest pace in nearly two years in April, data showed Monday, as price hikes, rising fuel costs and more expensive loans kept buyers out of showrooms. Domestic passenger car sales in Asia’s third-largest economy rose by 13. 18 percent to 162,825 units […]
”s biggest
LONDON, May 7, 2011 (AFP) – Indian-born steel tycoon Lakshmi Mittal has seen his fortune fall by some £5 billion ( billion, 5. 7 billion euros) in the past year but remains the wealthiest person in Britain, it was revealed Saturday. The fortune of the London-based head of ArcelorMittal, the world’s largest steel maker, fell […]
Sri Lanka Carson unit sees palm oil prices staying firm
May 08, 2011 (LBO) – Palm oil prices are likely to remain firm owing to growing demand from emerging markets like India and China, shareholders of Shalimar (Malay), a subsidiary of the Carson Cumbebatch group, have been told. Shalimar’s net profit for the financial year ending March 31, 2011 shot up 218 percent to 153 […]
Renewables major part of 2050 world energy mix: UN
PARIS, May 7, 2011 (AFP) – Renewable power from the Sun, wind, water and biomass can and should generate a major portion of the planet’s energy supply by 2050, according to a draft United Nations report obtained by AFP. Renewables have the potential to bring power to the world’s poorest regions, boost energy security for […]
India to supply power to Bangladesh
NEW DELHI, May 7, 2011 (AFP) – India said Saturday it would start to supply some 250 megawatts of power to neighbouring Bangladesh by 2013 as it moves to cement relations between the South Asian neighbours. The step is part of a drive by the two countries for closer ties. “Work on the transmission line […]
India govt panel cuts growth forecast to 8.5%
NEW DELHI, May 6, 2011 (AFP) – The top economic adviser to India’s prime minister has cut his estimate for economic growth in the current fiscal year by half a percentage point to 8. 5 percent, citing inflationary pressures. The Indian government has targeted 9.0 percent growth for the year to March 31, 2012, but […]
Hundreds join anti-government protest in Maldives
May 6, 2011 (AFP) – Hundreds of anti-government protesters took to the streets of The Maldives for a sixth consecutive day Friday to demonstrate against soaring prices and demand that President Mohammed Nasheed resign. Eyewitnesses said more than 500 people gathered in Republican Square in the capital Male after Friday prayers to protest against economic […]