Business

    Indian stock markets slip into red in early trade (Lead)

    Mumbai, May 5 (IANS) The Indian equities markets, which opened in the green Monday, soon slipped into the red due to selling pressure in metal, IT and oil and gas sectors. The 30-share benchmark index of the Bombay Stock Exchange (BSE) opened with a gain 87.12 points at 17,687.00. But 10 minutes into trading, […]


    Indian equities start in positive zone

    Mumbai, May 5 (IANS) Indian equities opened with a positive gap Monday, despite mixed global markets. The 30 share benchmark index of the Bombay Stock Exchange, the Sensex, opened with a gain of 87.12 points at 17,687.00.
    The S&P Nifty of the National Stock Exchange opened at 5,227.25 points with a marginal loss of one […]

Pay up or else… a shop owner’s mantra to get back dues

May 5th, 2008 | By Sindh Today | Category: Business

By Nityanand Shukla Ranchi, May 5 (IANS) A betel shop owner here has come up with an innovative idea of getting back his dues - displaying the list of defaulters, including the names of some well-off people, and the amount they owe him. The ruse has worked. Mohhamad Riyaz, who runs the Manpasand betel […]



Indo-British woman wins gastro-pub award

May 5th, 2008 | By Sindh Today | Category: Business

By Dipankar De Sarkar London, May 5 (IANS) An award-winning London pub owned by ethnic Indian restaurateur Geetie Singh has been named Britain’s best organic restaurant. The Duke of Cambridge, located in the smart north London neighbourhood of Islington, was named the recipient by the Soil Association, which is lays down industry standards for […]



Ahmedabad cancels BRTS tenders

May 4th, 2008 | By Sindh Today | Category: Business

Ahmedabad, May 4 (IANS) Ahmedabad has decided against going ahead with a Delhi-like bus rapid transit system (BRTS) - not because the city fears the traffic mess the experimental project has created in the national capital, but because of project costs. The Ahmedabad Municipal Corporation (AMC) has cancelled the tender it had invited for […]



Madhya Pradesh told to stop overdrawing power or face disconnection

May 4th, 2008 | By Sindh Today | Category: Business

Bhopal, May 4 (IANS) In a dressing down to Madhya Pradesh - which complains that the central government is discriminating against it, the union power ministry has told the state to stop overdrawing and clear dues worth Rs.2.98 billion ($74.5 million) or face disconnection from the power grid. Central Energy Secretary Anil Razdan told […]



Mideast peace deal still possible this year: US (Lead)

May 4th, 2008 | By Sindh Today | Category: Business

DPA Tel Aviv/Ramallah, May 4 (DPA) A peace deal between Israel and the Palestinians is still possible by the end of the year, US Secretary of State Condoleezza Rice said Sunday after further talks with the two sides. Expanding Israeli settlements in the West Bank, which affected confidence-building between Israel and the Palestinian Authority […]



Tribal woman becomes train driver in Ranchi

May 4th, 2008 | By Sindh Today | Category: Business

Ranchi, May 4 (IANS) A tribal woman, Deepali Amrit Khalko, has become a train driver in Jharkhand’s Ranchi railway division. She drives local passenger trains on the Ranchi-Lohardagga route.
“Since childhood, I wanted to do something different. Even I had not imagined that one day I would become a train driver,” said Khalko, 30, […]



Japan, Pakistan to further strengthen trade ties: Zardari

May 4th, 2008 | By Sindh Today | Category: Business

ISLAMABAD: PPP Co-chairman Asif Ali Zardari on Saturday said that Japan has given assurance to Pakistan for further strengthening of existing trade ties between the two countries.
Zardari was talking to media after meeting with Foreign Minister of Japan Masahiko Komura here.
Terming the meeting very positive, he said Japan has decided to extend more assistance to […]



No financial assistance with low mark-up for textile industry: SBP

May 4th, 2008 | By Sindh Today | Category: Business

ISLAMABAD: The State Bank of Pakistan has refused to provide any financial assistance with low mark-up rate to the textile industry citing huge internal borrowing burden, sources told Business Recorder here on Saturday. The mark-up rate rose three-fold in 4 years. The rate, which stood at 3.5-4 percent in 2003-04, jumped to 16 percent in […]