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Turkmenistan may hold presidential poll Feb 19-RIA

MOSCOW, Dec 26 (Reuters) Turkmenistan may hold a presidential election on February 19 to choose a successor to veteran authoritarian leader Sapurmarat Niyazov, Russia's RIA news agency quoted a government source as saying today.

The source said the proposed date, coinciding with Niyazov's birthday, would be put forward by a member of the Security Council at a meeting later in the day of the People's Assembly in the ex-Soviet state.

''This would be a demonstration of the continuity of the policy of Saparmurat Turkmenbashi,'' RIA quoted the source as saying. ''This is a day honouring not only the state flag but also the first president's birthday.

The Security Council, apparently made up of key ministers and other top officials, took over the administration of day-to-day affairs in Turkmenistan since Niyazov's death last week after 21 years of leading the country with vast gas reserves.

Deputy Prime Minister Kurbanguly Berdymukhamedov was made acting president with the Security Council's backing.

Reuters DKA DS1332

Isolated Nepal king forced to cancel holiday

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.....

Havells India Ltd to raise $150 million

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'

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.....
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