Business

    Stock market stays bearish

    KARACHI:The Karachi share market witnessed bearish trend on fourth consecutive day and the KSE-100 index lost another 165.24 points to close at 15,304.90 on Thursday, due to heavy selling pressure in the rollover week. On the other hand, the KSE-30 index declined by 269.26 points and settled at 18,392.16 points.
    The market started on a positive […]


    LSE extends overnight losses

    LAHORE:The share market on Thursday extended overnight losses as selling pressure intensified mainly because of what analysts say political reasons and future settlement problems. The LSE-25 Index closed at 4,717.70 points against 4,760.48, depicting a fresh fall of 42.78 points.
    Turnover was almost flat at 18.731 million shares compared with Wednesdays 18.876 million shares. Since there […]

Census to keep citizens’ biometric records: Patil

Apr 24th, 2008 | By Sindh Today | Category: Business

New Delhi, April 24 (IANS) After the successful completion of a pilot project on a multi-purpose identity card, the government is planning to dovetail the preparation of a National Population Register (NPR) with the 2011 Census, Home Minister Shivraj Patil said Thursday. “The data in the NPR will have specified characteristics of each individual. […]



Last ditch efforts on to save new bus corridor

Apr 24th, 2008 | By Sindh Today | Category: Business

New Delhi, April 24 (IANS) After spending several gruelling hours under a hot Thursday sun monitoring the traffic flow on the Ambedkar Nagar-Moolchand Bus Rapid Transit System (BRTS) corridor, officials worked hard to sort out glitches, especially after Chief Minister Sheila Dikshit’s veiled threat to scrap the new bus corridor. Delhi’s Transport Minister […]



Idea Cellular clocks net profit of Rs.10.42 bn

Apr 24th, 2008 | By Sindh Today | Category: Business

Mumbai, April 24 (IANS) India’s leading GSM mobile operator Idea Cellular has posted a net profit of Rs.10.42 billion ($260.5 million) for 2007-08 as compared to Rs.5 billion of the previous fiscal. Total revenue has increased from Rs.43.87 billion of 2006-08 to Rs.67.37 billion for the last fiscal, the company announced Thursday in […]



HDFC Bank posts net profit of Rs.15.95 bn

Apr 24th, 2008 | By Sindh Today | Category: Business

Mumbai, April 24 (IANS) India’s HDFC Bank Ltd posted a net profit of Rs.15.95 billion ($398.7 million) for 2007-08 as compared to Rs.11.5 billion of the previous fiscal. The bank said Thursday in an official statement that total income in the year under review rose to Rs.124.95 billion from Rs.82.23 billion of 2006-07. […]



India, UAE agree to increase air services

Apr 24th, 2008 | By Sindh Today | Category: Business

New Delhi, April 24 (IANS) India and the United Arab Emirates (UAE) have revised their air services agreement that would allow both countries to fly more aircraft. The agreement would also allow UAE to operate flight services to Calicut, Kerala, an official statement said here Thursday. According to the new agreement, signed here […]



India unveils policy on new airport projects

Apr 24th, 2008 | By Sindh Today | Category: Business

New Delhi, April 24 (IANS) In an effort to promote new airports in the country, the Indian government Thursday did away with the compulsory approval clause for all new projects that come up beyond a 150-km radius of existing ventures. However, a meeting of the union cabinet also decided that no greenfield airport […]



Cabinet approves BRL’s merger with SAIL

Apr 24th, 2008 | By Sindh Today | Category: Business

New Delhi, April 24 (IANS) The union cabinet Thursday approved the merger of Bharat Refectories Limited (BRL) in Jharkhand with the public sector Steel Authority of India Limited (SAIL). After the cabinet meeting, Information and Broadcasting Minister Priyaranjan Dasmunsi said the merger would be deemed effective April 1, 2007.

“Every whole-time officer, including […]



Hindustan Zinc planning Rs.36 bn expansion

Apr 24th, 2008 | By Sindh Today | Category: Business

Ahmedabad, April 24 (IANS) Hindustan Zinc Ltd (HZL), a subsidiary of Sterlite Industries Ltd, Thursday announced its Rs.36 billion ($900 million) expansion projects, which, according to the company, would make it the world’s largest zinc-lead producer by 2010. An official statement by the company said after the expansion, HZL’s total zinc-lead capacity would […]