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Indian realty in deep trouble as profits down, debt rises

2011-10-26 00:00:00

MUMBAI, Oct 25 (Reuters): When even the man who is building the world's tallest residential tower speaks of real-estate slowdown that could last for years, it is clear the foundations of a once-soaring industry are starting to shake. Behind gleaming...

Asian Tiger Capital Partners market update on DSE

2011-10-26 00:00:00

The Benchmark General Index DGEN ended in the green to register gain of almost 1.5% although turnover remained subdued at 3.50bn, a decline of 16.56% from the previous day's trading. Following previous day's sharp sell-off, market gained lost grounds on...

KCCI to explore Nigerian markets

2011-10-26 00:00:00

KARACHI, Oct 25 (PPI): The Karachi Chamber of Commerce and Industry (KCCI) would explore the Nigerian market in order to find opportunities that abound for them and also called on their Nigeria counterparts to do same as there are a...

Proper implementation of IPR can spur economic growth

2011-10-26 00:00:00

FE Report Effective intellectual property rights (IPR) system can further contribute to the economic growth of Bangladesh by rewarding creativity and promoting talents of the people, experts said at a national forum Tuesday. They also stressed the need for acclerating...

Gold steady before EU summit

2011-10-26 00:00:00

SINGAPORE, Oct 25 (Reuters): Gold prices held steady Tuesday, as investors wait for European leaders to work out a strategy to solve the euro zone debt crisis at a meeting today (Wednesday), while resilient physical demand from Asia also lent...

Japan urges Europe to close debt deal

2011-10-26 00:00:00

TOKYO, Oct 25 (AFP): Japanese Finance Minister Jun Azumi on Tuesday said Europe was close to a resolution of its debt crisis and urged the continent's leaders to close the deal for the sake of the global economy. "The European...

Sluggish demand seen

2011-10-26 00:00:00

The weekly tea sale Tuesday was marked by sluggish demand that worsened as the sale progressed and a lot of teas were withdrawn without bids particularly towards the close, reports UNB. Blenders operated with less strength whilst there was only...

Ship breakers react sharply against draft rules for yards

2011-10-26 00:00:00

Jasim Uddin Haroon The government has prepared a set of draft rules for the country's ship breaking and ship recycling yards, incorporating some stringent measures like formation of a board, amid strong opposition from the main stakeholders. The proposed board...

Qatar Airways to launch new routes to Benghazi from November 1

2011-10-26 00:00:00

Qatar Airways has announced plans to launch scheduled flights to Benghazi, Libya's north eastern Mediterranean port city and major economic and trade centres, from November 1, according to a press release. Operating four-times-a-week non-stop from Doha, the newest route will...

India clears policy to build new industrial zones

2011-10-26 00:00:00

NEW DELHI, Oct 25 (Reuters): India passed a flagship policy Tuesday to encourage manufacturing by streamlining labour and environmental rules in industrial parks, a move it says is key to create jobs and keep Asia's third-largest economy on a fast-growth...

Teachers' role in making institutions free from smoking stressed

2011-10-26 00:00:00

GAIBANDHA, Oct 25 (BSS): Speakers at a function in Gaibandha on Monday said teachers' community could play significant role in making their institutions free from smoking in a bid to protect the learners from hazardous diseases. "Negative impacts and bad...

RU professor passes away

2011-10-26 00:00:00

RU Correspondent RAJSHAHI UNIVERSITY, Oct 25: Dr. Ramendra Nath Gosh, a retired professor of Philosophy department of the Rajshahi University (RU) passed away at his residence on Tuesday at noon. He was 70 at the time of death. He left...

Body of a boy recovered in Munshiganj

2011-10-26 00:00:00

MUNSHIGANJ, Oct 25 (UNB): The body of an adolescent boy was recovered from a water body after two days of his missing at Baroikhali village in Srinagar upazila in Munshiganj on Monday noon. The deceased was identified as Apu Khandakar,...

BB Rangpur starts auto clearing house

2011-10-26 00:00:00

Our Correspondent RANGPUR, Oct 25: Automated clearing house of Bangladesh Bank (BB) Rangpur has been launched here on Monday for faster settlement of transactions and payment systems as part of its move to digitalise the banking system. Deputy Governor of...

4 killed in seperate road accidents

2011-10-26 00:00:00

MYMENSINGH, Oct 25 (BSS): Two people were killed in a road accident at Godaria on Mymensingh-Sherpur road under Phulpur upazila in Mymensingh today (Tuesday). Eyewitnesses said that the accident took place when a Sherpur bound pick-up van from Phulpur collided...

Nephew killed by uncle in Sirajganj

2011-10-26 00:00:00

SIRAJGANJ, Oct 25 (UNB): A man was beaten to death allegedly by his uncle over land dispute at Fakirpara village in Shahjadpur upazila in Sirajganj on Monday. Police said Ismail, a village doctor, had enmity with his nephew Tekka Mollah...

3 outlaws held with firearms in Pabna

2011-10-26 00:00:00

Our Correspondent PABNA, Oct 25: Rapid Action Battalion (RAB) arrested three activists of an outlawed party from Kashinathpur village of Santhia upazila of the district early Tuesday. They also recovered two firearms and ammunitions from them. The arrestees are identified...

Huge smuggled spices coming inahead of Eid

2011-10-26 00:00:00

Our Correspondent NILPHAMARI, Oct 25: A huge quantity of spices are being smuggled from India into the country's bordering areas of Dinajpur and Joypurhat district ahead of Eid-ul-Azha. Sources said demand for spices that remains at a nominal level round...

Shyama Puja to be celebrated in M'singh

2011-10-26 00:00:00

MYMENSINGH, Oct 25(BSS): A five-day Shyama Puja will be celebrated in Mymensingh district from Wednesday. Shyama Puja, one of the greatest religious festivals of the Hindu community, will he held at around 1000 puja mandaps in the district including 165...

Gaddafi, son buried at night in secret location

2011-10-26 00:00:00

MISRATA, Libya, Oct 25 (AFP): The body of Libyan ex-leader Moamer Gaddafi was buried overnight in a secret location after days of being put on display in a market freezer, a Misrata military council member said Tuesday. The source, speaking...

Five civilians killed in Yemen clashes

2011-10-26 00:00:00

YEMEN, Oct 25 (AFP): Five civilians were killed Tuesday in clashes and protests in Yemen's capital and second largest city, as calls mounted for President Ali Abdullah Saleh to step down despite a harsh crackdown. In Sanaa, government troops opened...

Bhutan newly married royals on first foreign trip

2011-10-26 00:00:00

NEW DELHI, Oct 25 (AFP): Bhutan's newly married king and queen began their first official overseas trip together Monday, visiting close ally India for high-level talks and some sight-seeing. King Jigme Khesar Namgyel Wangchuck, a hugely popular 31-year-old Oxford University...

Two grenade attacks hit Kashmir city

2011-10-26 00:00:00

SRINAGAR, Oct 25 (AFP): Three policemen were injured Tuesday in co-ordinated grenade attacks by suspected militants in Srinagar, the main city of Indian Kashmir, officials said. The two blasts came after a peaceful summer in Muslim-majority Kashmir, where a 20-year...

Iran hails liberation of Libya

2011-10-26 00:00:00

TEHRAN, Oct 25 (AFP): Iran's foreign minister, Ali Akbar Salehi, has sent a message to the new leaders of Libya hailing "the total liberation of the country," the Mehr news agency reported Tuesday. Salehi said he hoped the Libyan people...

Pakistan bomb kills anti-Taliban militiaman

2011-10-26 00:00:00

PESHAWAR, Pakistan, Oct 25 (AFP): A roadside bomb targeted an anti-Taliban militia member in northwest Pakistan Tuesday, ripping through his vehicle and killing four people, police said. The blast badly damaged the militiaman's car in a remote village in the...

Bangladesh-WI 1st Test ends in tame draw

2011-10-26 00:00:00

CHITTAGONG, Oct 25 (UNB): The first of the 2-match Walton Test series between Bangladesh and visiting West Indies ended in a tame draw at Zahur Ahmed Chowdhury Stadium on Tuesday. It was the second draw for Bangladesh against the Caribbean...

Taylor, Williamson punish Zimbabwe bowlers

2011-10-26 00:00:00

BULAWAYO, Zimbabwe, Oct 25 (AFP): Ross Taylor and Kane Williamson hit centuries as New Zealand piled up 328 for five in the third and final one-day international against New Zealand at Queens Sports Club on Tuesday. Taylor (119) and Williamson...

Pakistan, Sri Lanka want improvement in 2nd Test

2011-10-26 00:00:00

DUBAI, Oct 25 (AFP): Rival captains Tillakaratne Dilshan and Misbah-ul Haq have different concerns going into the second of three Tests between Pakistan and Sri Lanka at Dubai cricket stadium from Wednesday. Dilshan hopes his batsmen pull up their socks...

Dhoni leads India to 271-8 against England

2011-10-26 00:00:00

KOLKATA, India, Oct 25 (AFP): Skipper Mahendra Singh Dhoni smashed an unbeaten 75 off 69 balls to power India to 271-8 in the fifth and final one-dayer at the Eden Gardens in Kolkata on Tuesday. England, hoping to avoid a...

DBH clarifies

2011-10-26 00:00:00

DSE news In connection with their news disseminated by DSE on December 9, 2010, the authorities of Delta Brac Housing (DBH) Finance Corporation Ltd. has further stated that the agenda of change of denomination of shares from Tk 100.00 to...