Around South Asia

India’s most important conglomerate is in turmoil. But investors seem to be taking the news too lightly.

India’s most important conglomerate is in turmoil. But investors seem to be taking the news too lightly.

Anjani Trivedi/Wall Street Journal Mumbai,October 28: The board of Tata Sons ,ousted its first non-family Chairman this week, reversing what investors had seen as a fresh start for the tightly controlled group of companies, which generates $100 billion in sales across 29 listed companies and other unlisted ones. Interests span tea and coffee, IT outsourcing and Jaguar automobiles. Mistry fired back...

Kashmiri separatists are keeping kids out of school to use them as cannon fodder, says Chief Minister Mehbooba Mufti

Kashmiri separatists are keeping kids out of school to use them as cannon fodder, says Chief Minister Mehbooba Mufti

Udhampur, October 28 (NIA): Kashmir Chief Minister Mehbooba Mufti on Friday charged that separatists are not allowing schools in the Kashmir Valley to function because they want a new generation of uneducated youths who can pelt stones and can be used as "cannon fodder". But Syed Ali Geelani, Chairman of the separatist group Hurriyat Conference (G), said that schools cannot...

Pakistan trade body hints at cutting trade ties with India

Pakistan trade body hints at cutting trade ties with India

Islamabad, Oct 28 (NIA) - Pakistan's main trading body is likely to cease trade ties with India if the situation between the two countries did not improve soon, the Dawn reported on Friday. President of the Federa­tion of Pakistan Chambers of Commerce and Industry (FPCCI), Abdul Rauf Alam said that Pakistan had no compulsions of any sort to continue business...

Sri Lanka to fight money laundering, terrorist financing

Sri Lankan prliamentary panel for legal action against former Central Bank Governor in bond scam

Colombo, Oct 28 (NIA) - A Sri Lankan parliamentary committee on Friday, recommended legal action against the former Central Bank Governor Arjuna Mahendran and other officials for being involved in controversial bond deals. Sunil Handunetti, Chairman of the Committee on Public Enterprises (COPE), presenting the COPE report to parliament said that evidence brought before the committee had indicated that Mahendran...

India expels Pakistan High Commission staffer and arrests two Indians for spying

India expels Pakistan High Commission staffer and arrests two Indians for spying

New Delhi, October 27 (NIA): The Indian External Affairs Ministry on Thursday asked Pakistan High Commission staffer, Mehmood Akhtar, to leave the country after declaring him persona non grata on charges of espionage , The Hindustan Times reported. In the latest strain between the neighbors, the decision came after Akhtar was found in possession of confidential documents relating to India’s...

Xi Jinping made “core leader” of the Chinese Communist Party in the line of Mao and Deng

Xi Jinping made “core leader” of the Chinese Communist Party in the line of Mao and Deng

Beijing ,October 27 (NIA): China’s ruling Communist party has declared that President Xi Jinping is the party’s “core”, putting him in a more powerful position ahead of a key congress next autumn, The Guardian reported on Thursday. A statement released by the party following a four-day meeting of party leaders in Beijing, and carried by state media, referred to Xi as...

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