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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-04-02
Goldman fund to exit company owning sex traffic site

Goldman fund to exit company owning sex traffic site

A private equity fund run by Goldman Sachs Group Inc has agreed to sell its stake in the media company that runs a sex trafficking forum back to company's management, a spokeswoman said on Sunday. GS Capital Partners III on Friday signed a deal to sell it
Published 02 Apr, 2012 12:00am
Pakistan and China vow to stand with each other ''in all circumstances''

Pakistan and China vow to stand with each other ''in all circumstances''

Pakistan and China on Sunday agreed to stand with each other `in all circumstances'' and vowed to uphold their sovereignty and territorial integrity at all costs. Prime Minister Syed Yousuf Raza Gilani and China''s Executive Vice Premier, Li Keqiang expre
Published 02 Apr, 2012 12:00am
Pakistan and China vow to stand with each other 'in all circumstances'

Pakistan and China vow to stand with each other 'in all circumstances'

Pakistan and China on Sunday agreed to stand with each other `in all circumstances' and vowed to uphold their sovereignty and territorial integrity at all costs. Prime Minister Syed Yousuf Raza Gilani and China's Executive Vice Premier, Li Keqiang express
Published 02 Apr, 2012 12:00am
Pakistan and China vow to stand with each other 'in all circumstances'

Pakistan and China vow to stand with each other 'in all circumstances'

Pakistan and China on Sunday agreed to stand with each other `in all circumstances' and vowed to uphold their sovereignty and territorial integrity at all costs. Prime Minister Syed Yousuf Raza Gilani and China's Executive Vice Premier, Li Keqiang express
Published 02 Apr, 2012 12:00am
Work on IP gas pipeline project: now it''s your turn to do yours: Iran

Work on IP gas pipeline project: now it''s your turn to do yours: Iran

Iranian Vice President, Mohammad Javad Mohammadizadeh, on Sunday urged Pakistan to expedite work on Iran-Pakistan gas pipeline from its side, saying that Iran had completed its work on the project. He stated this during his meeting with Prime Minister Sye
Published 02 Apr, 2012 12:00am
Work on IP gas pipeline project: now it's your turn to do yours: Iran

Work on IP gas pipeline project: now it's your turn to do yours: Iran

Iranian Vice President, Mohammad Javad Mohammadizadeh, on Sunday urged Pakistan to expedite work on Iran-Pakistan gas pipeline from its side, saying that Iran had completed its work on the project. He stated this during his meeting with Prime Minister Sye
Published 02 Apr, 2012 12:00am
Work on IP gas pipeline project: now it's your turn to do yours: Iran

Work on IP gas pipeline project: now it's your turn to do yours: Iran

Iranian Vice President, Mohammad Javad Mohammadizadeh, on Sunday urged Pakistan to expedite work on Iran-Pakistan gas pipeline from its side, saying that Iran had completed its work on the project. He stated this during his meeting with Prime Minister Sye
Published 02 Apr, 2012 12:00am
Zardari to visit India on April 8

Zardari to visit India on April 8

President Asif Ali Zardari is expected to leave for India on April 08 on a daylong private visit to offer prayers at Ajmer Sharif, it has been learnt. Sources said that President Zardari has conveyed to the government his desire to visit Ajmer Sharif but
Published 02 Apr, 2012 12:00am
Zardari to visit India on April 8

Zardari to visit India on April 8

President Asif Ali Zardari is expected to leave for India on April 08 on a daylong private visit to offer prayers at Ajmer Sharif, it has been learnt. Sources said that President Zardari has conveyed to the government his desire to visit Ajmer Sharif but
Published 02 Apr, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the currency market amid shortened week due to disturbed law and order situation, the week ended on March 30, one-day earlier because of said reason. In the interbank dealings the rupee gained four paisa against dollar for buying and
Published 02 Apr, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the currency market amid shortened week due to disturbed law and order situation, the week ended on March 30, one-day earlier because of said reason. In the interbank dealings the rupee gained four paisa against dollar for buying and
Published 02 Apr, 2012 12:00am
Open interest up by Rs 628 million

Open interest up by Rs 628 million

Total open interest position at the futures counter during the week increased by Rs 628 million, up 25 percent on week-on-week basis to Rs 3.1 billion. The average daily volumes at the futures counter also increased by 115 percent on week-on-week basis to
Published 02 Apr, 2012 12:00am
Open interest up by Rs 628 million

Open interest up by Rs 628 million

Total open interest position at the futures counter during the week increased by Rs 628 million, up 25 percent on week-on-week basis to Rs 3.1 billion. The average daily volumes at the futures counter also increased by 115 percent on week-on-week basis to
Published 02 Apr, 2012 12:00am
Open interest up by Rs 628 million

Open interest up by Rs 628 million

Total open interest position at the futures counter during the week increased by Rs 628 million, up 25 percent on week-on-week basis to Rs 3.1 billion. The average daily volumes at the futures counter also increased by 115 percent on week-on-week basis to
Published 02 Apr, 2012 12:00am
Index gains 488.47 points

Index gains 488.47 points

The Karachi share market witnessed a bullish trend during the outgoing week that ended on March 30, 2012 and the benchmark KSE-100 index increased by 488.47 points or 3.68 percent on week-on-week basis and closed at 13,761.76 points.
Published 02 Apr, 2012 12:00am
Index gains 488.47 points

Index gains 488.47 points

The Karachi share market witnessed a bullish trend during the outgoing week that ended on March 30, 2012 and the benchmark KSE-100 index increased by 488.47 points or 3.68 percent on week-on-week basis and closed at 13,761.76 points.
Published 02 Apr, 2012 12:00am
Index gains 488.47 points

Index gains 488.47 points

The Karachi share market witnessed a bullish trend during the outgoing week that ended on March 30, 2012 and the benchmark KSE-100 index increased by 488.47 points or 3.68 percent on week-on-week basis and closed at 13,761.76 points.
Published 02 Apr, 2012 12:00am
Precarious law and order in Karachi: FBR still collects Rs 1,270 billion

Precarious law and order in Karachi: FBR still collects Rs 1,270 billion

Despite a massive revenue loss of over and above Rs 25 billion due to law and order situation in Karachi, the Federal Board of Revenue (FBR) has managed to collect Rs 1270 billion during July-March (2011-2012) against Rs 1020 billion in the corresponding
Published 02 Apr, 2012 12:00am
Precarious law and order in Karachi: FBR still collects Rs 1,270 billion

Precarious law and order in Karachi: FBR still collects Rs 1,270 billion

Despite a massive revenue loss of over and above Rs 25 billion due to law and order situation in Karachi, the Federal Board of Revenue (FBR) has managed to collect Rs 1270 billion during July-March (2011-2012) against Rs 1020 billion in the corresponding
Published 02 Apr, 2012 12:00am
Precarious law and order in Karachi: FBR still collects Rs 1,270 billion

Precarious law and order in Karachi: FBR still collects Rs 1,270 billion

Despite a massive revenue loss of over and above Rs 25 billion due to law and order situation in Karachi, the Federal Board of Revenue (FBR) has managed to collect Rs 1270 billion during July-March (2011-2012) against Rs 1020 billion in the corresponding
Published 02 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (April 01, 2012) and the forecast for Monday (April 02, 2012).

Published 02 Apr, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 26 to March 30 2012).

Published 02 Apr, 2012 12:00am
Hike in oil prices: PML-N to boycott PCNS meeting in protest

Hike in oil prices: PML-N to boycott PCNS meeting in protest

Rejecting the massive increase in petroleum products' prices, Pakistan Muslim League-Nawaz (PML-N) on Sunday announced to boycott the ongoing crucial meeting of Parliamentary Committee on National Security (PCNS) in protest.
Published 02 Apr, 2012 12:00am
Parties, traders, transporters flay hike in oil prices

Parties, traders, transporters flay hike in oil prices

Different political parties, traders and transporters have criticised the government for the recent increase in petroleum products' prices and demanded immediate withdrawal of the decision. The MQM Co-ordination Committee expressed its grave concern over
Published 02 Apr, 2012 12:00am
HCCI rejects increase in POL prices

HCCI rejects increase in POL prices

Acting President Hyderabad Chamber of Commerce and Industry (HCCI) Turab Ali Khoja has rejected increase in prices of petrol, diesel, kerosene oil and CNG saying that the industrial and agriculture sectors could not afford such a huge raise.
Published 02 Apr, 2012 12:00am
KESC terms KWSB claim grossly irresponsible

KESC terms KWSB claim grossly irresponsible

Karachi Electric Supply Company has termed Karachi Water and Sewerage Board (KWSB) claims as grossly irresponsible, wherein the MD Water Board expressed defiance by stating that it was not liable to pay monthly electricity bills under some "agreement".
Published 02 Apr, 2012 12:00am
Pakistan-Sri Lanka trade ties

Pakistan-Sri Lanka trade ties

President Zardari's Sri Lanka visit last year at the head of a high-powered team has resulted in the signing of a string of agreements and MoUs the essential thrust of which is towards broader mutual engagement that involves bilateral trade, joint investm
Published 02 Apr, 2012 12:00am
Saudi summer oil burn should decline this year

Saudi summer oil burn should decline this year

Saudi Arabia is likely to burn less crude in its power plants this summer thanks to rising output from dedicated gas fields and gas that would be associated with any increase in oil output to make up for lower Iranian production.
Published 02 Apr, 2012 12:00am
Pakistan's energy woes: Americans can be helpful

Pakistan's energy woes: Americans can be helpful

The US administration is roundly opposing the Pak-Iran gas pipeline project; Americans have issues with our nuclear energy programme as well and the American-dominated World Bank has withdrawn its technical assistance from the Thar coal projects citing en
Published 02 Apr, 2012 12:00am
Where must our economic priorities lie?

Where must our economic priorities lie?

Several industrial towns in the Punjab came out on the streets in protest against massive load shedding this week past. Householders subjected to unscheduled load shedding in excess of 10 to 12 hours a day in the Punjab also came out on the streets in ang
Published 02 Apr, 2012 12:00am
BIT with US

BIT with US

According to a newspaper report, the Minister of State and Chairman of the Board of Investment Saleem Mandviwalla initialled a Bilateral Investment Treaty (BIT) with the United States on his way back from attending a four-day international exhibition and
Published 02 Apr, 2012 12:00am
Supreme Court judgement won't discourage investment

Supreme Court judgement won't discourage investment

In a landmark 90-page judgement, the Supreme Court has declared the contracts of all rental power projects (RPPs) illegal and violative of the principle of transparency, fair and open competition and assigned blame on the Ministries of Water and Power, Fi
Published 02 Apr, 2012 12:00am
Six people killed in Serbian nightclub fire

Six people killed in Serbian nightclub fire

Six people were killed in a fire that tore through a packed nightclub in the northern Serbian city of Novi Sad overnight, police said on Sunday. Police said the fire appeared to have started in the stage area of the Contrast nightclub during a live perfor
Published 02 Apr, 2012 12:00am
French far-left firebrand third in election race: poll

French far-left firebrand third in election race: poll

Jean-Luc Melenchon, a fiery leftist whose anti-capitalist agenda has shaken up France's presidential race, has gained four points in two weeks in the polls, a result that would see him seize the third spot in the first-round vote, a poll showed on Sunday.
Published 02 Apr, 2012 12:00am
Thousands in Hong Kong protest Beijing's interference

Thousands in Hong Kong protest Beijing's interference

Thousands of protestors marched to the mainland Chinese government's liaison office in Hong Kong on Sunday, demanding universal suffrage and protesting against Beijing's perceived interference in the territory's recent chief executive election. Witnesses
Published 02 Apr, 2012 12:00am
Former Australian deputy Prime Minister Lionel Bowen dies

Former Australian deputy Prime Minister Lionel Bowen dies

Lionel Bowen, a former deputy prime minister under the Australian Labour government of Bob Hawke, died in Sydney on Sunday aged 89. Bowen was deputy leader from 1983 to 1990 and also served in the Gough Whitlam government during a distinguished 21-year pa
Published 02 Apr, 2012 12:00am
Iraq warns against arming Syrian rebels

Iraq warns against arming Syrian rebels

Iraq on Sunday warned Arab countries against supplying weapons and financial support to rebels fighting to oust Syrian President Bashar al-Assad, saying such moves risked escalating the conflict. "We want to extinguish the fire by draining the sources of
Published 02 Apr, 2012 12:00am
Russia shuts Red Square, detains dozens of activists

Russia shuts Red Square, detains dozens of activists

Russian authorities closed Moscow's Red Square on Sunday and detained dozens of people trying to hold a silent anti-government protest there, prompting opposition charges that they were denying Russians their right to free assembly.
Published 02 Apr, 2012 12:00am
Hundreds of anti-Nato activists detained in Brussels

Hundreds of anti-Nato activists detained in Brussels

More than 480 activists protesting against Nato were on Sunday detained outside the military alliance's headquarters in Brussels, the Belga news agency reported. Dubbed "Nato Game Over," the protest ahead of the alliance's May summit was supposed to inclu
Published 02 Apr, 2012 12:00am
Former Liverpool star Hyypia to replace Dutt at Bayer

Former Liverpool star Hyypia to replace Dutt at Bayer

Bayer Leverkusen on Sunday sacked coach Robin Dutt in the wake of his team's 2-0 home defeat by Freiburg in the German league with ex-Liverpool defender Sami Hyypia stepping in as caretaker coach.
Published 02 Apr, 2012 12:00am
Radwanska downs Sharapova to win Miami title

Radwanska downs Sharapova to win Miami title

Poland's Agnieszka Radwanska captured her maiden Miami women's title Saturday, denying world number two Maria Sharapova a shot at her first victory in four finals appearances. Radwanska earned her ninth career WTA Tour title and second victory of 2012 wit
Published 02 Apr, 2012 12:00am
Cisse double adds to Liverpool's league woes

Cisse double adds to Liverpool's league woes

Papiss Demba Cisse scored both goals as Newcastle inflicted fresh Premier League misery upon 10-man Liverpool with a 2-0 victory at St James' Park on Sunday. The Senegal striker made it seven goals in as many Premier League games for Newcastle with a 19th
Published 02 Apr, 2012 12:00am
Magilton quits as Victory interim coach

Magilton quits as Victory interim coach

Northern Irishman Jim Magilton on Sunday quit as interim head coach of Australian A-League club Melbourne Victory after failing to give the struggling former champions a boost. Magilton joined Victory in January, but the two-time champions did not make it
Published 02 Apr, 2012 12:00am
Ronaldo eyes title as Real smash 100-goal barrier

Ronaldo eyes title as Real smash 100-goal barrier

Cristiano Ronaldo took his La Liga season goal tally to 37 on Saturday as Real Madrid smashed through the 100-goal barrier to move closer to the Spanish title. Ronaldo, who scored twice in the 5-1 demolition of Osasuna, is now just three shy of his own re
Published 02 Apr, 2012 12:00am
Celtic edge towards title with another win

Celtic edge towards title with another win

Celtic took another step towards the Scottish Premier League title as they ground out a 2-0 win over a determined St Johnstone side at Parkhead. With Rangers' win on Saturday having ruined any chance of a title party at Parkhead the home side looked a bit
Published 02 Apr, 2012 12:00am
McCoist urges caution over Rangers rescue

McCoist urges caution over Rangers rescue

Rangers manager Ally McCoist says it is important that the right people take over the Glasgow giants after the club's administrators set a new deadline for potential purchasers. The Ibrox club entered administration in February due to a £9 million ($14.4m
Published 02 Apr, 2012 12:00am
China beats Germany to claim world team title

China beats Germany to claim world team title

China won the men's world team table tennis championship title here with a 3-0 victory over hosts Germany in Sunday's final to continue their domination of the sport. After China's men won gold at the Beijing Summer Olympic Games in 2008 when the team eve
Published 02 Apr, 2012 12:00am
Sri Lanka seek series win in landmark Test

Sri Lanka seek series win in landmark Test

Sri Lanka hope to celebrate 30 years in Test cricket by toppling England from the number one ranking when the second and final Test starts in Colombo on Tuesday. Sri Lanka, who won the first Test in Galle by 75 runs, are determined to scalp the tourists a
Published 02 Apr, 2012 12:00am
Kitajima eyes home rivals in Olympics bid

Kitajima eyes home rivals in Olympics bid

Japan's four-time Olympic swimming champion Kosuke Kitajima thinks the challenge from his compatriots is tougher than ever, as he bids to qualify for the London Games and go for a third consecutive golden double.
Published 02 Apr, 2012 12:00am
Reina red compounds Liverpool's misery

Reina red compounds Liverpool's misery

Shambolic Liverpool ended the game in disarray with 10 men as they slid to a 2-0 defeat at Newcastle here on Sunday, with Andy Carroll suffering a humiliating return to Tyneside. Papiss Cisse scored twice as Liverpool goalkeeper Pepe Reina saw red in the
Published 02 Apr, 2012 12:00am
Shahbaz asks FIH to give recognition to WSH

Shahbaz asks FIH to give recognition to WSH

Former captain national hockey team Shahbaz Ahmed has pleaded with the International Hockey Federation (FIH) to give recognition to World Series Hockey (WSH) tournament in India as it is promoting the game. "I would request FIH to recognise and support it
Published 02 Apr, 2012 12:00am
Vietnam battles lingering bird flu threat

Vietnam battles lingering bird flu threat

Vietnam may have contained the fatal bird flu outbreak that raged in the late 2000s but it is still struggling with new cases of the disease that have puzzled experts in the communist country. Since January, bird flu outbreaks have occurred in 14 province
Published 02 Apr, 2012 12:00am
Cities on front line of climate change

Cities on front line of climate change

The world's cities face the brunt of climate change but some are starting to respond vigorously to the threat, experts say at a conference here staged ahead of the June Rio summit. More than half of the world's population of seven billion currently lives
Published 02 Apr, 2012 12:00am
Too much, too little sleep linked to heart woes

Too much, too little sleep linked to heart woes

People who sleep less than six hours per night or more than eight are more likely to suffer heart problems than people who sleep between six and eight hours, said a US study. The findings confirm those in previous, smaller studies, but are based on what r
Published 02 Apr, 2012 12:00am
Population adds to planet's pressure cooker, but few options

Population adds to planet's pressure cooker, but few options

The world's surging population is a big driver of environmental woes but the issue is complex and solutions are few, experts at a major conference here say. Answers lie with educating women in poorer countries and widening access to contraception but also
Published 02 Apr, 2012 12:00am
Chocolate lovers tend to weigh less: study

Chocolate lovers tend to weigh less: study

People who ate chocolate a few times a week or more weighed less than those who rarely indulged, according to a US study involving a thousand people. Researchers said the findings, published in the Archives of Internal Medicine, don't prove that adding a
Published 02 Apr, 2012 12:00am
Half of all cancers can be prevented: study

Half of all cancers can be prevented: study

Half of all cancers could be prevented if people just adopted healthier behaviours, US scientists argued on March 28. Smoking is blamed for a third of all US cancer cases and being overweight leads to another 20 percent of the deadly burden that costs the
Published 02 Apr, 2012 12:00am
Surgery better method of care for diabetes in obsese people

Surgery better method of care for diabetes in obsese people

Two clinical studies published on March 26 suggest that gastric surgery is better than traditional methods of care when it comes to controlling diabetes in overweight and obese patients. The first study, coined STAMPEDE, and presented at the American Coll
Published 02 Apr, 2012 12:00am
Acupuncture needles with current may be effective for depression

Acupuncture needles with current may be effective for depression

Boosting the effect of acupuncture needles with small electric currents may be effective in treating depression, a study in Hong Kong has found. Led by Zhang Zhang-jin at the School of Chinese Medicine, University of Hong Kong, the researchers used electr
Published 02 Apr, 2012 12:00am
Android to surpass Windows by 2016: Report

Android to surpass Windows by 2016: Report

Google's Android will surpass Microsoft's Windows as the most popular operating system in the world by 2016, research firm IDC predicted in a study released on March 29.
Published 02 Apr, 2012 12:00am
Yahoo! websites to get do-not-track tool

Yahoo! websites to get do-not-track tool

Yahoo! on March 29 said that it will soon add a tool to its websites that allow visitors to signal that they don't want their online activity tracked for ad targeting or other ends. The California-based Internet pioneer promised to deploy a "Do Not Track
Published 02 Apr, 2012 12:00am
Concerns grow over children using tablet computers

Concerns grow over children using tablet computers

Electronic tablets like the iPad are a revolutionary educational tool and are becoming part of childhood, but should be watched carefully so that overuse doesn't lead to learning or behavioural problems, experts say.
Published 02 Apr, 2012 12:00am
HTC unveils new phones with powerful camera

HTC unveils new phones with powerful camera

Taiwan's HTC on March 26 unveiled a new series of smartphones that it said would allow users to "retire your digital cameras", as it sought to fight back against rivals Apple and Samsung. The "One" series of phones, which will hit Asian markets on April 2
Published 02 Apr, 2012 12:00am
Drive-by-wire technology taking over in cars

Drive-by-wire technology taking over in cars

If Peter Kunsch, a research engineer at Audi, had his way all mechanical and hydraulic car parts would soon be replaced by drive-by-wire electronic control systems.
Published 02 Apr, 2012 12:00am
US regulators call for tighter online privacy rules

US regulators call for tighter online privacy rules

The US Federal Trade Commission (FTC) called for Internet users to be given an easy-to-use "Do Not Track" feature in a report released on March 26 backing tighter online privacy laws. The FTC voted three-to-one to put its seal on recommendations for busin
Published 02 Apr, 2012 12:00am
Most of world interconnected through email, social media

Most of world interconnected through email, social media

Most of the world is interconnected thanks to email and social networking sites such as Facebook and Twitter, according to a new poll released on March 27. Eighty five percent of people around the globe who are connected online send and receive emails and
Published 02 Apr, 2012 12:00am
The hula-hoop smartphone app

The hula-hoop smartphone app

The hula-hoop has been enjoying a comeback for quite some time and now a London-based artist has developed a smartphone app to help improve technique. "Marawa The Amazing" provides tips and tricks in the app and demonstrates the best way to swing a hula-h
Published 02 Apr, 2012 12:00am
Smartphones taking over US market: study

Smartphones taking over US market: study

Nearly half of US mobile phone owners have smartphones, with adoption of Internet-linked handsets rocketing in the past year, according to findings released on March 29 by the Nielsen research firm. The number of telecom subscribers with smartphones incre
Published 02 Apr, 2012 12:00am
Google plans low-price tablet computer

Google plans low-price tablet computer

Google is teaming with Asia-based hardware makers on a low-priced, 7-inch tablet computer to challenge offerings by Amazon.com and Apple, reports said on March 29. Android software backed by the California Internet giant will power hardware built by partn
Published 02 Apr, 2012 12:00am
Amazon takes to Europe premium Kindle models

Amazon takes to Europe premium Kindle models

US retailer Amazon began on March 28 to sell premium models of its Kindle e-book reader in major European nations where only two basic fourth-generation models of the device had been available so far. But it is still not offering the colour display model
Published 02 Apr, 2012 12:00am
Diamonds are simply too small for Rio, BHP

Diamonds are simply too small for Rio, BHP

The diamond business is simply too small for the world's biggest miners. Despite solid industry fundamentals, Rio Tinto and BHP Billiton are both looking for ways out. That gives new opportunities to niche players or even private-equity firms.
Published 02 Apr, 2012 12:00am
Ford targets Russian middle class with new model

Ford targets Russian middle class with new model

US auto maker Ford plans to launch a range of new models in Russia to take advantage of an emerging middle class and hopes its new local joint venture will help eventually solve capacity constraints that are limiting its output.
Published 02 Apr, 2012 12:00am
Thomas Cook reports steadier trading after turmoil

Thomas Cook reports steadier trading after turmoil

Thomas Cook on March 28 said its trading performance had steadied in recent weeks after a string of heavy losses for Europe's second biggest holiday company. "Trading across the group has been stable since we last reported (in February) and in line with e
Published 02 Apr, 2012 12:00am
Agility fourth quarter net profit rises 114 percent

Agility fourth quarter net profit rises 114 percent

Kuwait's Agility, the logistics firm facing US fraud charges, posted a 114-percent rise in fourth-quarter net profit compared with the same period in 2010, the firm said in a statement on March 31. Net profit in the three months to December 31 came in at
Published 02 Apr, 2012 12:00am
Agility fourth quarter net profit rises 114 percent

Agility fourth quarter net profit rises 114 percent

Kuwait's Agility, the logistics firm facing US fraud charges, posted a 114-percent rise in fourth-quarter net profit compared with the same period in 2010, the firm said in a statement on March 31. Net profit in the three months to December 31 came in at
Published 02 Apr, 2012 12:00am
Citi names new head of India private banking

Citi names new head of India private banking

Citigroup has appointed company veteran Sameer Kaul as the head of its private banking business in India, the US bank said in a statement on March 26. Kaul, who has been with Citigroup for 17 years, replaces Tashwinder Singh, who has left the bank to join
Published 02 Apr, 2012 12:00am
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