Gunmen kidnap Iraq senior trade ministry official

Tuesday, December 26, 2006, 14:13 [IST]

Baghdad, Dec 26: Gunmen kidnapped a senior Trade Ministry official in Baghdad today after stopping his vehicle on his way to work, a ministry source said.

Muhanad Ahmed Saleh, director of the Baghdad International Fair, was abducted shortly after he left his home in Amiriya, a Sunni district in western Baghdad.

Baghdad is plagued by kidnappings. Many are political abductions by armed groups on either side of Iraq's Shi'ite-Sunni sectarian violence. Some kidnappings are carried out by criminal gangs seeking extortion money.

Reuters

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Saudi frees 18 former Guantanamo detainees

Tuesday, December 26, 2006,14:13 [IST]

JEDDAH, Saudi Arabia, Dec 26 (Reuters) Saudi Arabia has freed 18 former Guantanamo Bay detainees after they completed their jail sentences, the Interior Ministry said today. The men were among 28 Saudi nationals and one resident handed over this year by the United States from the Guantanamo Bay naval base in Cuba, it said. The Muslim kingdom had released eleven of the men earlier this month. ''The remainder, numbering 18 convicts, were freed ... after the.....

Isolated Nepal king forced to cancel holiday

Tuesday, December 26, 2006,14:13 [IST]

Kathmandu, Dec 26: Nepal's isolated King Gyanendra has cancelled a planned holiday after the prime minister advised him against traveling outside the capital due to fears it could spark trouble, a newspaper said today. The monarch, accompanied by his wife, Queen Komal, was planning to spend a month in his palace in Hetauda, 50 km (30 miles) south of Kathmandu, starting this week. It would have been the first major trip by the king.....

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Havells India Ltd to raise $150 million

Tuesday, December 26, 2006,14:45 [IST]

New Delhi, Dec 26: Electrical products manufacturing company Havells India Ltd today said it will raise 150 million dollars through Qualified Institutional Placement, Foreign Currency Convertible Bonds (FCCB), American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) issue. The Board of Directors (BoD) of the company has approved the fund raising besides increasing the borrowing limits and authorised share capital to Rs 2,500 crore and Rs 40 crore respectively.The BoD also approved to call for an Extra Ordinary.....

Silverline Tech JV with Canada's healthcare Co'

Tuesday, December 26, 2006,14:45 [IST]

New Delhi, Dec 26: Silverline Technologies Ltd today annouced a tie-up with Sumalytics Inc, a Canadian healthcare and performance management company, to penetrate in North American health segment.The company would act as a global shared services provider with the North American company. It would leverage its facilities in Gujarat and Mumbai to deliver on these initiatives.Silverline said it would spell out complete details on the initiative over the next few weeks. Sumalytics has developed a patent-pending.....

SEC notifies Panchayat election;Ceiling on poll expenses

Tuesday, December 26, 2006,14:45 [IST]

Bhubaneswar, Dec 26 (UNI) The State Election Commission today notified that elections to the three-tier Panchayat Raj institutions in the state will be held in five phases from February 13 to 21. State Election Commissioner Sanjeeb Chandra Hota told newspersons that with the notification of poll schedule, the code of conduct would be applicable from today all over the state till last date of polling. Elections and counting for 87,542 ward members, 6234 Sarpanches, 6233.....