Category: Other
‘s central bank holds interest rates
MUMBAI, October 27, 2009 (AFP) – India’s central bank kept key short-term interest rates unchanged at their record lows on Tuesday, saying its priority was helping a recovery take root while keeping an eye on inflation.The repo, the rate at which the central bank lends to commercial banks, remains at 4.75 percent, while the reverse […]
Mystery
VANCOUVER, October 24, 2009 (AFP) – Canada is to release one of 76 Tamils arrested last week in a ship off its Pacific coast, local media reported Saturday.The decision came after a custody hearing, lawyer Narinder Kang told the Globe and Mail newspaper. The released man was ordered to report regularly to border authorities, Kang […]
Pakistan says offensive death toll rises to 227
ISLAMABAD, October 26, 2009 (AFP) – Pakistan’s military said Monday that the death toll in a major military assault on the Taliban rose to 227, reporting heavy losses in the battle to control a village en route to a Taliban bastion.Nineteen militants were killed during the last 24 hours, a military statement said, bringing the […]
India says will start 3G auction in January
NEW DELHI, October 24, 2009 (AFP) – India said Saturday a long-delayed auction of radio bandwidth for third generation (3G) telecommunications services will start in January and will be open to foreign companies.The Central Bureau of Investigation alleged in a statement “a criminal conspiracy between certain officials” of the ministry and “private persons/companies and others […]
Indian car maker Maruti sees quarterly profit jump 93 pct
NEW DELHI, October 24, 2009 (AFP) – India’s largest car maker Maruti Suzuki reported Saturday that its quarterly net profit had soared 93 percent year-on-year, amid signs pointing to a reviving domestic economy. Maruti, majority owned by Japan’s Suzuki Motor Corp, reported net profit of 5.7 billion rupees (123 million dollars) in the second financial […]
‘s telecom minister denies corruption after raid
NEW DELHI, October 23, 2009 (AFP) – India’s telecom minister Friday denied any corruption in the awarding of new licences to telecom companies in the country last year after a raid by federal police on his ministry.India’s federal criminal investigation agency raided the Department of Telecommunications (DoT) on Thursday on suspicion that mobile phone network […]
Indians go on gold-buying blitz: industry body
MUMBAI, October 23, 2009 (AFP) – Indians spent nearly 2.0 billion dollars buying gold last week during Hindu festivities, an increase compared with 2008 despite record prices, the World Gold Council said on Friday. The World Gold Council (WGC) said gold sales rose 5.7 percent to 56 tonnes from a year earlier in the week […]
” with EU-style bloc
HUA HIN, October 24, 2009 (AFP) – Asian leaders discussed plans at a summit Saturday to “lead the world” by forming an EU-style community, as regional giants China and India tried to cool a simmering border spat.Japanese Prime Minister Yukio Hatoyama pressed his regional counterparts to move towards the creation of an East Asian bloc […]
Sri Lanka milk farmers get marketing support
Oct 23, 2009 (LBO) – The US Agency for International Development (USAID) said it has partnered with a unit of the listed Chemical Industries (Colombo) (CIC) to help milk farmers take their product to market and increase incomes. The agency said in a statement it has established a dairy farmer network in Punani, in the […]
Charity Front
WASHINGTON, October 22, 2009 (AFP) – About 30 victims of attacks by Sri Lanka’s rebel Tamil Tigers filed a suit Thursday against the billionaire head of a US hedge fund facing insider trading charges. The suit alleges that Galleon Group founder Raj Rajaratnam and a family foundation led by his father gave more than five […]
Sri Lanka tea output down in September
Oct 22, 2009 (LBO) – Sri Lanka’s production of black tea in September 2009 fell three percent to 25.5 million kilos from a year ago, according to the Sri Lanka Tea Board’s statistics. The deficit of 42 million kilos makes up for the bulk of the global tea production shortfall that has driven up prices […]
”s cheapest car
NEW DELHI, October 22, 2009 (AFP) – The world’s cheapest car, the Nano, launched by Indian maker Tata earlier this year, faces possible checks after owners complained of fires apparently caused by short circuits.But Tata Motors said it would not order a recall of the Nano, at least 7,500 of which have been delivered since […]