Archive

Business

BP raises $50 bn for oil spill cost

June 20th, 2010 SindhToday Comments off

London, June 20 (DPA) British oil company BP was trying to raise an extra $50 billion to cover the cost of the devastating oil leak in the Gulf of Mexico, the weekly Sunday Times reported Sunday.

The company’s bosses wanted to make sure they have enough ready money to make compensation payments and to bolster the market’s confidence in BP.

Categories: Business Tags:

Abu Dhabi firm plans to build “space city” near Bangalore

June 20th, 2010 SindhToday Comments off

Bangalore, June 20 (IANS) Abu Dhabi-based Marib Holdings LLC plans to build a “space city” in Chikkaballapur district, about 90 km from here, at an investment of Rs.18,400 crore ($4 billion), the company said Sunday.

The project, which received in-principle approval of the state government Saturday, includes setting up of an entertainment theme park on the lines of Disneyland in an integrated recreation, business and residential township spread over 1,600 acres of land.

Categories: Business Tags:

Srinagar on boil as youth killed in firing (Roundup)

June 20th, 2010 SindhToday Comments off

Srinagar, June 20 (IANS) Jammu and Kashmir’s summer capital Srinagar was on the boil Sunday after security forces shot dead one more youth, triggering frenzied protests that left at least 20 people, including seven security personnel, injured in widespread clashes throughout the day.

Outnumbered police and paramilitary personnel used tear gas and batons as they struggled to keep at bay stone-pelting mobs that vented their fury during demonstrations sparked by the overnight death of another young man injured in a clash a week earlier.

Categories: Business Tags:

Actions against illegal NBFCs in Tripura to continue

June 20th, 2010 SindhToday Comments off

Agartala, June 20 (IANS) The crackdown on unauthorised non-banking financial companies (NBFCs) collecting deposits from people in Tripura will continue, the state police said Sunday.

“At least 8 managing directors, directors and branch managers of several NBFIs have so far been arrested in Tripura. Arrest and raids would continue across the state. We have sealed some of the offices of NBFCs too,” a police spokesman told reporters here.

Categories: Business Tags:

War against terror cost Britain $29 bn since 2001

June 20th, 2010 SindhToday Comments off

London, June 20 (DPA) The British government has spent in excess of 20 billion pounds ($29 billion) on fighting terrorism since September 11, 2001, according to officials figures released Sunday.

The bulk of the money has funded military operations. But the government also forked out substantial sums for its diplomatic efforts and the reconstruction of Afghanistan and Iraq.

Categories: Business Tags:

BP to sue partner over Gulf clean-up cost

June 20th, 2010 SindhToday Comments off

London, June 20 (IANS) Troubled British oil firm BP is preparing to sue Anadarko, one of its partners in the collapsed Gulf of Mexico oil rig, accusing it of “shrinking responsibilities” over sharing the clean-up cost of the oil spill.

BP is preparing legal action against Anadarko, which has 25 percent stake in the leaking oil well, after the company said BP’s behaviour revealed “gross negligence” and that the accident was preventable, a British daily reported Sunday.

Categories: Business Tags:

India-Pakistan talks: Terror, Kashmir on table (Lead)

June 20th, 2010 SindhToday Comments off

New Delhi, June 20 (IANS) With four days to go for the foreign secretary-level talks with Pakistan, India Sunday said it will focus on its continuing concerns on cross-border terror and adopt “an exploratory approach” to work out steps to reduce the post-Mumbai attack trust deficit between the two countries.

When Foreign Secretary Nirupama Rao holds talks with her Pakistani counterpart Salman Bashir in Islamabad Thursday, India will press for the speedy trial of the seven 26/11 suspects in Pakistan, concrete action against Hafiz Saeed, the suspected mastermind of the Mumbai carnage, and against those groups based in Pakistan that nurture anti-India agenda.

Categories: Business Tags:

Animal organs worth millions seized at Guwahati airport

June 20th, 2010 SindhToday Comments off

Guwahati, June 20 (IANS) Customs officials Sunday seized a huge consignment of tiger bones and other animal parts estimated at a whopping Rs.10.66 million and destined for use in traditional medicines in China, an official said.

A customs official said the seizure was made from the Gopinath Bordoloi International Airport in Guwahati and includes tiger bones and skulls, besides 125 kg of pangolin scales.

Categories: Business Tags:

27 killed, 55 injured in Iraq blasts (Lead)

June 20th, 2010 SindhToday Comments off

Baghdad, June 20 (DPA) At least 27 people were killed and 55 were injured when two car bombs exploded in western Baghdad Sunday, Iraqi authorities reported.

The two blasts went off within minutes of each other in the city’s crowded al-Karkh area. One of the cars had been parked near the government office where identity cards and passports are issued, while the other had stood alongside a branch of the Iraqi Commercial Bank.

Categories: Business Tags:

To deal with errant cops, Chandigarh to have complaint cell

June 20th, 2010 SindhToday Comments off

Chandigarh, June 20 (IANS) In the wake of increasing cases of cops misbehaving with the public and their reluctance to register complaints, the union territory (UT) administration has decided to set up a Police Complaint Authority (PCA).

“We have received many complaints from the city residents against various police officials. But we have realized that there is no outright authority to deal with such complaints that leads to delay in justice. In many cases, victims are afraid of approaching senior police officials,” a senior official of the Chandigarh administration, requesting anonymity, told IANS Sunday.

Categories: Business Tags: