Category:
” 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 […]
‘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 […]
” 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 […]
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 […]
‘s Modi: abrasive Hindu nationalist set to be PM
NEW DELHI, May 16, 2014 (AFP) – To admirers he is a Thatcherite reformer set to jolt India from the economic doldrums, while his opponents liken him to Putin or even Hitler. Indian election frontrunner Narendra Modi divides opinion like few other politicians. The rise of one of India’s most polarising public figures even split […]
Cricket: Pakistan appoint Grant Flower batting coach
LAHORE, May 15, 2014 (AFP) – Pakistan appointed former Zimbabwe opener Grant Flower as their batting coach Thursday in a comprehensive overhaul of the national team’s management in their bid to win next year’s World Cup.Grant, younger brother of former England coach Andy, will join in August during Pakistan’s tour of Sri Lanka. “We have […]
Sri Lanka to get US83mn to improve dam safety
May 16, 2015 (LBO) – Sri Lanka’s will get an additional 83 million US dollars to improve safety at high risk dams, expanding an existing program covering the most vulnerable 32 reservoirs, the World Bank said.The dam network in Sri Lanka comprises over 350 large and medium dams. Many of these dams are aging and […]
Heavy Seas
May 15, 2014 (LBO) – Profits at Colombo Dockyard Plc, a unit of Onominchi Japan’s Onomichi Dockyard said profits fell 61 percent in from a year earlier to 130 million rupees in the March 2014 quarter amid rising expenses, interim account showed.The firm reported earnings of 1.82 rupees for the quarter. The stock closed at […]
Mixed Blessings
May 15, 2014 (LBO) – Profits at Sri Lanka’s state-run Bank of Ceylon group fell 1.9 percent from a year earlier to 2.64 billion rupees in the March 2014 quarter with loan loss reversals and trading gains, offsetting flat net interest income. Financial investments held-to-maturity rose to 206 billion rupees from 157 billion rupees. Fees […]
Ceylinco Insurance, Sri Lanka profits down 13-pct
May 15, 2014 (LBO) – Profits at Sri Lanka’s Ceylinco Insurance Plc, the largest insurer by revenue fell 13 percent to from a year earlier to 285 million rupees in the March 2014 quarter, interim accounts showed.Gross assets rose to 90.9 billion rupees by end March 2014 from 87.4 billion rupees in December. Net assets […]
Tight Quarter
May 14, 2014 (LBO) – Profits at Sri Lanka’s Hatton National Bank group fell 13 percent from a year earlier to 1.09 billion rupees in the March 2014 quarter as net interest income fell and loan losses went up, interim accounts showed. At stand alone bank level, gross non performing loans rose to 4.53 percent […]
Cricket: Cook sets up Essex win over Sri Lanka
LONDON, May 13, 2014 (AFP) – Alastair Cook’s quickfire knock helped ensure Sri Lanka’s first match in England this season ended in defeat. England captain Cook struck 71 as his county, Essex, made 161 for five in a one-day match reduced by rain to 21 overs per side at Chelmsford on Tuesday. In reply Sri […]