Smile Please!

Smile Please!

Indian HOLOCAUST My Father`s Life and Time - One Hundred FORTEEN

Palash Biswas



Aamar Gram, Tomar Gram, Shobar Gram: Nandigram,
Nandigram

My Village; Your Village; Everybody's village.
Nandigram. Nandigram


Pl visit:http://content.msn.co.in/Hindi/News/International/09-04-07bushprayer.htm
http://content.msn.co.in/Hindi/Entertainment/Articles/17-01-07mallikahot.htm

Mahashweta di Speaks in Nandigram!
Smile Pleas!
Condemning the police firing incident on March 14 here, noted writer Mahesweta Devi today alleged that CPI(M)-controlled panchayats in West Bengal were looting public money. "The CPI(M)-controlled panchayats are looting public money and using it to build their cadre base in the state," the Magsaysay and Jnanpith award winning author claimed at a public meeting here. She said that money given by the Centre for the poor people in villages was not reaching them because it was looted by the CPI(M) panchayats. Expressing her desire to build a hospital for the people of Nandigram, she said, "I will try to fund the setting up of the hospital to the best of my ability."

Mahesweta Devi said the Buddhadeb Bhattacharjee government owed an explanation to the people of the state as to why police opened fire on innocent villagers. "I want to know what action has been taken against the police officers for firing on innocent people," she said.

With the controversial land acquisition move in Nandigram still unresolved, West Bengal government has fixed April 22 for another all-party meeting there after the last four such exercises failed to take off. The last such effort on April 3 failed with local leaders of BJP, which is part of the nine-party Bhumi Ucched Pratirodh Committee (Land Eviction Resistance Committee) and is fighting acquisition of farm land for industry, vandalising the meeting venue.

Peace meetings called on February 19, 22 and March 10, to discuss restoration of roads dug up since January preventing access to Nandigram and the entry of the police had also failed as committee members did not turn up.

The Calcutta High Court will hear all the cases related to land acquisition by the West Bengal Government in Singur for Tata Motors Small Car Project from April 27. A division bench comprising Justice P C Ghose and Justice B Somadder today directed that at least nine cases on several issues ranging from alleged forcible acquisition of land to questioning the use of the Land Acquisition Act, 1894 would be taken up for hearing serially. The land acquisition process at Singur had earlier come in for sharp criticism by another division bench headed by Justice Bhaskar Bhattacharya which had directed the government to furnish the entire details of the controversial acquisition of 997 acre. The government has already filed an affidavit before the court giving its account on the acquisition, while admitting that Advocate General Balai Roy had made an "erroneous submission" earlier on the process of acquisition.


Bangladesh's military-backed interim govt took a "temporary step" to restrict ex PM and Awami League Chief Sheikh Hasina's return from the US for her recent "provocative and inflammatory" comments against it. "On her return home she may continue to make provocative statements like before and try to create irritation in public mind and mislead the people," a Home Ministry statement said in Dhaka. Hasina is right now in the United States on a private visit and was expected to return on 23rd April.
Exiled former Prime Minister of Pakistan Benazir Bhutto has agreed to support President Pervez Musharraf's re-election in return for the country's National Accountability Bureau dropping a host of corruption cases against her. Quoting a draft agreement reached between top emissaries of the two leaders, a media report said, Pakistan People's Party (PPP) will first support Musharraf's re-election by the present assemblies which will be endorsed by the new Houses after the general elections.
In return, the National Accountability Bureau (NAB), which was pursuing a host of corruption cases against Bhutto and her spouse Asif Ali Zardari in Swiss courts, would drop them, 'The Daily Times' reported.

Rs. 12,000 crores to be invested by RIL in West Bengal
Date - Apr 19, 2007 12:30
While in conversation with a domestic industrial source a short while ago, a polymerupdate team member was told that plans are afoot by Indian oil major Reliance Industries Limited (RIL) to push into gear its investment plan for the city gas distribution project in West Bengal.While giving details of the plan, the source said, “an estimated investment of over Rs.12,000 crores is being planned by RIL for the development of a world class...
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The railway authorities today began its hawker eviction drive at Howrah and Sealdah stations. Hawkers, however, went about their business unhindered on the trains. Various hawkers’ unions decided to oppose the eviction and said the move would jeopardise the future of more than 3 lakh hawkers. The authorities, though, have 28 days to act on the directive of the High Court delivered yesterday. Railway Protection Force (RPF) and government railway police officers at both the stations claimed that they had been trying to rid stations of hawkers even before the High Court issued directive.
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Faced with the stiff resistance to acquisition of land for industries, the West Bengal government has decided to prepare a land map to demarcate the character and nature of land. A high level meeting called by the Land and Land Revenue minister Abdur Rezzak Molla laid the groundwork for land map preparation, in coordination with concerned departments and the West Bengal Industrial Development Corporation, Industry secretary Sabyasachi Sen told reporters here. The state government has decided to prepare the land map to demarcate the character and nature of land, whether it was fertile or fallow, agricultural or non-agricultural. The meeting was attended by Chief Secretary A K Deb, WBIDC Managing Director Debasish Som, besides senior officers of Land and Land Revenue and WBIDC.


Ash-Abhi wedding brings smiles to many. Smile Please!
Tendulkar, Ganguly may be retained. Smile Please!
India to grow at 9% in 2007: UN report
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So, We are well ahead on Buddahadev`s capitalist Development Super Highway.
We have got A Safron Superpower with Red flavour! Business, Internet Connection, Luxury. it is an exellent property!
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SAMBUK would not live any way as Saddam is hanged!A day after the Centre failed to get stay on the quota regime in elite educational institutions quickly vacated, the CPI-M on Thursday favoured setting up of a National Judicial Commission to resolve the issue.

NDTV.com
IIM directors to discuss reservation issue
Hindustan Times - 6 hours ago
The meeting is in the wake of Supreme Court fixing April 23 as the next date of hearing on its stay on OBC quota. The issue of proposed reservation for OBCs in premier central institutes IITs and IIMs is likely to be discussed on Monday at a meeting of ...

Shabbir Shah rejects invitation to Kashmir roundtable
Describing next week`s roundtable on Kashmir next week as a "futile" exercise, senior separatist leader and president of Democratic Freedom Party Shabir Ahmad Shah today joined rejected the invitation to attend the meeting convened by Prime Minister Manmohan Singh.

State-run banks, India's biggest lenders, should moderate credit growth, the finance minister said on Thursday, in what is seen as a move to head off Asia's fourth-largest economy from overheating.

Japanese auto major 'Nissan', whose presence in India is limited to SUVs and luxury sedans, today said it would inevitably step into the compact and small car market as it seeks to become a formidable player here.


No political border, no freedom, no equality, no nationality, no mothertongue, no culture, no roots, no indegineous production syastem are the basic symptoms of Post Modern Hindu Zionist Manusmriti and the RED horses run faster to annihilate Rural India. Reconstruction of demography goes on with mass eviction of underclasses!
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Only market forces would rule and purchasing capacity is invested only in the ruling Brahminical classes with Zionist corporate allaince.
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The Volcano is revolting for a New dawn , smile please!
They are overengaged in a DogFight to get the credit of Bangladesh Liberation War from the people of this subcontinent and the martyres of Freedom struggle!
US intervened in Bangladesh. neither India nor Pakistan leadership, Worldbank slaves have any gutts to lodge a protest. thus , they always cooperated with US in War aginst Terrorism ( Indegineus people, culture, language ,polity, economy, society, freedom, sovereignity, freaternity, equality and everything!) They allowed destruction of Iraq and Afganistan. They were engaged to hold on Iran. Now, suddenly they have taken over Bangladesh!
Smile, Friends, Smile Please!
Look the taming!
The Sudanese government has been accused of violating a UN arms embargo by flying weapons into Darfur in breach of UN Security Council resolutions.

See this also and smile if you can, pleas! how do they operate in India! Understand the Sex Sensex, Luxury malls and Luxury phenomenon keeping in mind the begginning with east India comapny. the Copany has taken over once again with MNC Raj!
Journals * This Journal * Contents [Access article in PDF] Nabobinas Luxury, Gender, and the Sexual Politics of British Imperialism in India in the Late Eighteenth Century Tillman W. Nechtman Abstract This article investigates a community of eighteenth-century British women known as nabobinas. These women were the wives, mothers, sisters, and daughters of East India Company employees, men better known as nabobs. It argues that nabobinas were disproportionately targets of anti-imperial criticism because they sat at the intersection of several contentious social, political, and economic debates. As women, they found themselves implicated in domestic conversations about luxury, consumerism, and material opulence. Because of their connections to nabobs, they were implicated in arguments regarding the proper relationship between Britain and its growing Indian empire, and they made those arguments materially visible in Britain by wearing fashions and jewels from India. They were material manifestations of an imperial presence in Britain, a presence that bound imperial difference to preexisting conversations about luxury, credit, and capital, complicating these issues with questions about the fundamental political and racial boundaries between nation and empire. On 28 May 1785, the Scottish periodical The Lounger published a plaintive editorial in which a simple country gentleman complained that he had lost control over his household. The signature at the end of the letter read "Mr. John Homespun," but the author was likely Henry Mackenzie, The Lounger's editor. By 1785, Mackenzie was well known as the publisher of such periodicals as The Mirror and The Lounger. In his 1785 letter, Homespun, who had first written to The...
http://muse.jhu.edu/login?uri=/journals/journal_of_womens_history/v018/18.4nechtman.html

When the first Hilfiger store opened in 2004, it carried the most expensive jeans in India, at more than $100 a pair, Vijay Murjani says. The 2,000-square-foot store format the Murjanis chose was unheard of at the time. The largest brand stores that existed at the time were half that size. “People thought we were crazy,” says Vijay Murjani. “They were, like, ‘What are you going to fill them with?’”

The answer, says his father: the same products, atmosphere and prices consumers would find in a Tommy Hilfiger store in New York or Chicago. If the products are too expensive, the stores too small or shabby or the selection outdated, then high-end Indian shoppers will just wait until they go abroad, he says.

“Indian consumers with all the media that is available to them — the Internet, magazines, television — they know exactly what the latest products are in the world; they are totally up to speed,” Mr. Murjani says.

Hilfiger dressing rooms in Indian stores have heavy doors and massive framed mirrors, just like the stores in the U.S. The shopping bags and paper used for receipts are identical. For the new French Connection store in Mumbai, the Murjanis have imported the jeans shelves, indoor billboards and even the mannequins to get the same edgy look that makes the chain popular in Europe.
Read more:
http://niralimagazine.com/2007/03/luxury-goods-hit-india-in-full-force/


India's economy is expected to grow by nine per cent in 2007 as against 9.2 per cent in the previous year despite concerns of overheating, rising rupee and slowdown in US, according to a UN report.Aiding India's growth will be low oil prices, control on inflation and lesser reliance of its economy on exports, the UN Economic and Social Survey of Asia and the Pacific said.

Presenting the findings of the report, UN Under Secretary General Kim Hak-Su said that services and industrial production would be the key growth drivers.Despite the prospects of good growth, the Indian economy is overheating a little bit and the surplus in Balance of Payments was not there to provide cushion from external shocks, he added.
Smile Please!
Read in Detail:
http://www.ndtvprofit.com/homepage/storybusinessnew.asp?id=37662&template=&cache=4/18/2007%207:46:01%20PM
Contrarily, we lag far behind despite high boltage claims!China's sizzling economy surged 11.1 per cent in the first quarter and inflation rose to its highest level in more than two years, raising prospects the government will take further measures to cool growth.Asian stock markets fell ahead of the release in anticipation that the figures would be stronger than expected and prompt Beijing to raise interest rates or take other measures to slow growth in China, a major regional trading partner.The nervousness was increased because Beijing also delayed the release of the figures by five hours without an explanation.Shanghai's benchmark index, which had set new records for most of the last two weeks tumbled 4.5 per cent, while stocks in Japan fell 1.7 per cent and those in Hong Kong dropped 2.3 per cent. European markets also opened lower.
China's economy, the world's fourth-largest, keeps growing rapidly despite a series of policy tightening measures by the government to rein in growth that last year came to 10.7 per cent.Concerns about inflation are likely to grow after the CPI rose to its highest since hitting 3.9 per cent in February 2005.Beijing has already raised interest rates three times in the past year and imposed investment curbs on real estate, the auto industry and other fields.

But authorities say local leaders are defying controls and some are initiating their own investment projects.

Mind you, China never surrendered like our political leadership despite opening the Great Wall for Globalisation!The news on China's growth comes amid increased trade tension between Beijing and Washington, with the US threatening to impose punitive tariffs on Chinese goods if it doesn't end currency controls blamed for the surpluses.

Last year, the United States reported a record $232.5 billion trade deficit with China.US critics contend China's currency, the yuan, is kept undervalued, giving its exporters an unfair price advantage and adding to its trade surpluses.

First-quarter gross domestic product was forecast to rise 10.3 per cent from the same period a year ago. It was the highest rate of growth since the second quarter of last year, when growth reached 11.5 per cent, the fastest rate in a decade.

"If this type of fast growth continues, there is the possibility of shifting from fast growth to overheating. There is that risk," Li Xiaochao, spokesman for the National Bureau of Statistics said.

The consumer price index in March rose 3.3 per cent, the bureau said, above the government's three per cent target. Fixed-asset investment countrywide grew a robust 23.7 per cent during March.

Smile again and have Fun Infinite reading and hearing all double speaks of different colors and dimentions!

Despite the controversy over tax sops special economic zones already enjoy, the government on Thursday widened the scope of incentives for SEZs by making developers and co-developers eligible for duty exemption and remission schemes.The newly announced special economic zone (SEZ) policy, which has limited the size of a SEZ to 5,000 hectares, can be "changed" according to specific needs, Commerce and Industry Minister Kamal Nath said on Wednesday.
The decision to restrict the size of a SEZ to 5,000 hectares will have huge consequences for Reliance Industries' two mega SEZs that are 10,000 hectares each.

The new SEZ policy was announced by the government on April 5.
So far, 92 SEZs have been notified and of these, 50 are at various stages of implementation.

The total investment in the 50 SEZs has been to the tune of Rs 13,500 crore and over 18,000 direct jobs have been created.

"For the moment we have limited the size to 5,000 hectares. But should any proposal comes up that requires us to review the policy we would see what can be done," he told reporters on the sidelines of a conference here.

Kamal Nath said the government is looking at the rehabilitation policy and the provisions announced under the new SEZ policy can be reviewed.

"Developer and co-developer of SEZs would be entitled to the benefit of all duty exemption and remission schemes like advance authorisation scheme, DEPB and Duty Free Import Authorisation," said Kamal Nath, Commerce and Industry Minister.Terming SEZs as engines of employment, investment and export growth, Nath added that during the current year, additional investment of Rs 40,000 crore would go into the SEZs and 15 lakh jobs would be created.


On the controversy of land acquisition for SEZs, Nath said that since these zones were industrial clusters for export, land would be required but its acquisition has to be done in a fair, transparent and equitable manner.He further said that land acquisition does not apply just to SEZs but to all industrial activity. However, the minister said that the government is looking at a rehabilitation policy for SEZs.

Smile Friends, smile again. Infinite entertainment it is as we have to pay mor and more interests and get lesser and lesser! But The government on Thursday said it has requested the Reserve Bank of India (RBI) for concessional credit to exporters, who are under pressure due to rising value of the rupee.

"The concerns of exporters on appreciating rupee are valid. We will be meeting exporters next week to discuss ways to mitigate its impact. Meanwhile, RBI has been requested to provide concessional credit," said Kamal Nath, Commerce and Industry Minister.

Commerce Secretary Gopal K Pillai said that banks were required to provide 15 per cent credit at concessional rates for exporters and government has requested RBI to set aside 50 per cent of it for small and medium companies.

"Most of the time, the banks lend to few big companies to meet their obligation. We are discussing with the RBI on this issue," he added.

Pillai also said that the issue is being discussed and efforts would be made to ensure that any decision on this is implemented.

The rupee has appreciated nine per cent against dollar since August 2006.
Smile bagdad is still limited in some parts of the country including Northeast and Kashmir, Nandigram and singur! So we are not killed as yet.
Smile that we survive as yet!
While Bombs ravaged Baghdad in five horrific explosions aimed mainly at Shiite crowds on Wednesday, killing at least 169 people in the deadliest day in the capital since the American-led security plan for the city took effect two months ago. Gates Says Collapse of Iraqi Government Could Harm Region (April 18, 2007) The wave of attacks, four of them involving car bombs, came as Prime Minister Nuri Kamal al-Maliki declared that the Iraqi government planned to take full control of security from the American-led forces before the end of the year.

In the worst of the bombings, a car packed with explosives exploded at an intersection in the Sadriya neighborhood that serves as a hub for buses traveling to the Shiite district of Sadr City. The blast killed at least 140 people and wounded 150; incinerated scores of vehicles, including several minibuses full of passengers; and charred nearby shops, witnesses and the police said.


Ashabhed!

They are not invited for the big wedding. But they have a reason to celebrate.

The Ash-Abhishek wedding has given a major boost to the businesses of chaiwalas, Vada Pav-walas and panwalas, courtesy diehard fans who have camped around the Bachchan villa, media crowd and policemen.

Suresh Bhaskar Devare and his wife Anita are running a small tea stall and eatery just outside Prateeksha, where everyone is on marriage alert. They have been running the stall for 35 years. Being near the Bachchans has always helped.
http://www.rediff.com/movies/2007/apr/19chai.htm

Exclusive: Ash-Abhi Sangeet
SantaBanta.com - 6 hours ago
Aishwarya Rai and Abhishek Bachchan geared up for a three-day wedding party Wednesday amid tight security to ward off over-zealous fans.
Looking for Ash in the Big B Affair Indian Express
The party tonight is at Ash's place Daily News & Analysis
Times of India - South Asian Women's Forum - Financial Express - Rediff
all 208 news articles »


Bangladesh unlikely to renew coach Whatmore's contract

The Bangladesh Cricket Board (BCB) appears unlikely to renew coach Dav Whatmore's contract after the Australian expressed an interest in the vacant India post.
http://www.rediff.com/wc2007/2007/apr/19coach1.htm
http://content-ind.cricinfo.com/wc2007/engine/current/match/247502.html
http://imsports.rediff.com/score/in_match8286.html

UN Urges Businesses to Tackle Climate Change
By Tanalee Smith/AP Writer/Singapore
April 19, 2007


Businesses in both developed and emerging economies must implement environment-friendly operations if they want to compete in this more environmentally aware world, UN officials said Thursday.

The Global Business Summit for the Environment gathered about 600 business executives and environment experts to discuss ways that corporations can fight climate change. It was touted as a "green" event, with brochures printed on recycled paper, handmade carrying bags made of hemp and no plastic bottles or cups.
http://www.irrawaddy.org/aviewer.asp?a=6963&z=163


Global entertainment biz to gravitate to Asia' — India may garner $200 b, says Shekhar Kapur
Our Bureau

Hyderabad , Oct. 24

THE global entertainment industry, projected to touch a whopping $1.8 trillion by 2015, is gravitating towards the Asian region, and India has the potential to garner a chunk of it — about $200 billion.

Riding on the emerging digital infotainment wave, India can do with this sector what its human resources have managed to do for the IT services industry.

Actor, director, film-maker and now an entrepreneur, Shekhar Kapur, said that he has been evangelising the immense latent potential of this untapped market, and it has taken a while for consultant PricewaterhouseCoopers to come up with the numbers about the potential of this sector and how Asia fares in this.

"From a predominantly a West and Europe-centric entertainment industry, signs are already evident that the market will gravitate towards the Asian region. It is indicated that out of the $1.8 trillion, at least $800 billion would be in the Asian region and of this, India could possibly account for $200 billion. This, we expect, would be larger than the IT services industry," he said.

This optimism is despite the fact that the Indian entertainment industry is still less than $1 billion and extremely fragmented. The market in the West, particularly the US, is saturated and extremely protected. While the radio took 25 years to reach out, Internet expanded in seven years, the digital entertainment would take less than three years to grow.

The best part is that films would contribute barely 10 per cent of this entertainment market, about 60 per cent would be through convergence where content would be made available on mobile devices.

Global hybrid


"There will be what we expect a global hybrid that blends best of the West and East, which will pave the way for Asian hybrid, that blends countries in Asia. This means a major of the content development would move to Asia," he said.

One of the challenges India is faced with is building leaders who can be creative and the accent has to be on IP (intellectual property) creation, he said.

India has 12,000 legal cinema theatres and 85,000 plus video parlours and these will account for about 10 per cent of the overall entertainment industry and the rest would come from other media, he said.

Kapur, who was in Hyderabad to interact with students of Indian School of Business, spoke about the challenges faced by the sector in bringing about scale of economies. The Business & arts initiative of the ISB brings together students and select artistes providing a platform for interface.
http://www.thehindubusinessline.com/2005/10/25/stories/2005102501090800.htm


Oil price to increase fiscal burden, warns RBI
Our Bureau

Mumbai , Oct. 24

THE Reserve Bank of India has repeated its warning that unless the Government passes on the increase in international oil prices to the domestic market, it will pose a significant risk to the country's fiscal situation.

"The hike in international oil prices and the possibility that they may remain high longer than anticipated earlier will continue to pose significant risk to the fisc, directly or indirectly, unless appropriately passed on," the RBI said in the `Macro-economic and Monetary Developments-mid-term review,' released on Monday, a day before the bank's mid-year policy review.

Earlier, the RBI, in its annual report, had also cautioned the Government if domestic oil prices are not allowed to keep pace with the international price, the fiscal burden of the Government could increase and also hurt investors of public sector oil companies.

The RBI said global oil costs have been only partially passed on to the economy.

Inflationary pressures: Referring to the inflationary pressures, the RBI said year-on-year inflation fell to 3 per cent on August 27, 2005 from 5.1 per cent at March-end 2005. It has since then increased to 4.6 per cent as on October 8, 2005.

Fiscal and monetary measures undertaken since mid-2004 to reduce the impact of imported price pressures on domestic inflation and stabilise inflationary expectations, coupled with base effects and the revival of monsoon, enabled the moderation in headline inflation from its high of 8.7 per cent last year.

However, when a significant part of the permanent component of oil price increase is yet to be passed on, there is a need to consider two factors.

First, the advisability of treating the oil price increase as a shock rather than a permanent shift in relative prices may need to be questioned; and, second, the inevitability of second order effects on inflation needs to be taken on board.
http://www.thehindubusinessline.com/2005/10/25/stories/2005102502500100.htm
INDIAN street food is a snack of endless varieties, eaten on the run or on a date, while playing or playing hooky from school. It is served and sometimes entirely prepared on the street. It is eaten while standing, also on the street, usually within whiffing distance of the gutter.

But as incomes rise and ways of eating change, the inevitable has happened. Street food, that emblem of raucous, messy, urban India, is slowly being tamed.

In recent years, it has begun to come indoors, get sterilized, and go upmarket. Most recently, a court order has prompted this city’s government to consider a ban on cooking food outdoors.

Across India, street food can range from the gilauti kebab of Lucknow, skewered lamb so tender that legend says it was invented by a toothless nawab’s cook, to the kathi roll of Calcutta, a deep-fried wrap of grilled meat, raw onion and hot sauce of secret provenance.

The iconic street food of Delhi is chaat, a variety of snacks that are meant to deliver a rave of tastes and sensations to the tongue, from crunchy to soft, tart to hot and sweet. The word is derived from the verb to lick.

A good chaat is a complex assemblage, as pleasure always is, and, by definition, it is not good for you. In Delhi, you can find nearly a dozen different kinds of chaat on the streets. They all involve something fried and starchy, and indulging in chaat requires abandoning all concern for hygiene.

Today, across India, brightly lit fast-food chains offer the standard varieties of chaat. Specialty restaurants self-consciously peddle the nostalgia of the unruly street in the least unruly surroundings of all: the mall. Even at a five-star hotel restaurant called Fire, a slender glass platter of chaat can be sampled, improbably, with a bottle of champagne.

Increasingly in these tamed chaat enclaves, the cooks use gloves for the sake of hygiene. Plastic cups and plates have replaced the cups and plates washed on the side of the road (though to say they are washed is being generous and invariably it is done by children, which is illegal).
http://www.nytimes.com/2007/04/18/dining/18indi.html?em&ex=1177128000&en=71ad1c2ac1ea9c43&ei=5087%0A



RESTRUCTURING


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RIL shareholders approve demerger
THE shareholders of Reliance Industries Ltd (RIL) have voted in favour of its scheme of arrangement (demerger) between RIL, Reliance Energy Ventures Ltd, Global Fuel Management Services Ltd, Reliance Capital Ventures Ltd and Reliance ... More
Butterfly on turnaround path; debt revamp is new chant
THE Chennai-based Gandhimathi Appliances Ltd, owners of the `Butterfly' brand, has roped in Meghraj Financial Services for its debt-restructuring programme. Talking to Business Line, Mr Pankaj Wadhawan, Vice-President and Head, Debt ... More

MERGERS & ACQUISITIONS


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BNP Paribas to buy 49.9 pc in Sundaram AMC for Rs 100 cr
Sundaram AMC has Rs 2,800 crore in `assets under management', about 60 per cent of which is in equity assets. More
Reliance Capital picks 14.81% stake in Kinetic Engineering
RELIANCE Capital Private Equity (RCPE), a division of Reliance Capital Ltd belonging to Anil Dhirubhai Ambani Enterprises (ADAE), is set to acquire a 14.81-per cent equity stake in 2-wheeler manufacturer Kinetic Engineering Ltd (KEL). The ... More

Farallon Capital buys 60 pc stake in Indiabulls Real Estate
INDIABULLS Financial Services Ltd has informed the BSE that FIM Ltd, a company incorporated in Mauritius and managed by the San Francisco-based Farallon Capital Management LLC, has bought 60 per cent equity in Indiabulls Real Estate Company ... More
http://www.thehindubusinessline.com/2005/10/25/02hdline.htm

UN Sees Strong Asian Growth in 2007

Economic growth across the Asia Pacific is forecast to remain strong in 2007, led by India and China, although moderating due to forecasts of a slower US economy, the United Nations Economic and Social Commission for Asia and the Pacific reported Wednesday.

The UN commission’s annual survey expects growth at 7.4 percent across the Asia Pacific region in 2007, an increase from 6.9 percent predicted in December. The projected growth rate for 2006 is 7.9 percent.

Shamika Sirimanne, a senior economist with the UNESCAP in Thailand, said the outlook for growth came against a backdrop of an easing in global oil prices and inflationary pressures.

“We see a lot of resilience in our economies to withstand any kind of slowdown in the US economy, and we are still predicting a very high growth from India and China,” Dr Sirimanne said.

“India is supposed to grow around 9 percent in 2007— China close to 10 percent. These are remarkable numbers and Southeast Asia will have a rebound, except for a couple of countries—Cambodia and Thailand—which will see lesser growth than the others,” she said.

The main concern for Thailand—with a forecast growth rate of 4.7 percent from 5 percent in 2006—lies with the underlying political uncertainties.

UNESCAP said the sound growth in 2006 came despite the backdrop of “a risky global environment.”