PepsiCo
Announces $500 mn Investment in India
PepsiCo will invest $500
million in India over the next three years to triple the turnover
out of one of the top five markets for the group by 2014, its
chairperson and chief executive Indra Nooyi said Sunday. The
investment, towards capacity upgrades, infrastructure, research, new
products development, environment sustainability and agriculture,
will create 50,000 more direct and indirect jobs, the Chennai-born
executive said at a press conference in Gurgaon.
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•
End
Emergency Before Polls,
say Bangladesh Parties
Pakistani
Journalist Recalls Night of Horror
at Marriott by Muhammad Najeeb
Pakistani journalist Imtiaz
Alam was in a lift in Hotel Marriott here when he heard an
ear-splitting boom. The lift came to a sudden halt and its lights
went off. A friend of many Indian journalists, Alam did not know
then that a suicide bomber had just blown up a truck packed with one
tonne of explosives outside the gates of the luxury hotel.
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► Footage Shows Lone Suicide Bomber
Behind Islamabad Blast
Indian
IT Companies Bringing 11,000 Migrants
to UK Every Year by Venkata Vemuri
Over 11, 000 foreign workers
are being brought into Britain by Indian IT companies every year,
prompting a trade union to question if the work permit system is
being "abused" in the process. Read
On
McCain's Brazilian Love Found
after more than 50 Years: Report
A 77-year-old Brazilian
former model who was the young love of US Republican presidential
candidate John McCain has been found by a newspaper in the South
American country. Maria Garcinda Tedixeira de Jesus met McCain in
1957 while he was in Rio de Janeiro on leave from his Navy ship.
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• Huge Blast in Islamabad; 60 Killed,
Toll may Rise
End of Capitalism? US Enters Unchartered
Waters
As Wall Street tottered on the brink of collapse and the US
government unveiled one the largest market interventions in its
history, stakeholders from every side weighed in with incredibly
stark views of the country's economic future. The assessments did
not just focus on the country's short-term economic health. Many
believe this week's events could drastically change the way the US
does business. Read On
► US Sub-prime Crisis,
Downturn to Hit Global Realty
Sector
Zardari to Shed Power to Dissolve Parliament
by Muhammad Najeeb
Pakistani President Asif Ali
Zardari said he would shed his controversial powers to dissolve
parliament to ensure the supremacy of the legislature.
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► Zardari's
Remarks on India in Parliament
Secular Budget Triggers Unholy Row in Nepal
by Sudeshna Sarkar
Riot police were called to
restore order as violence, arson and looting erupted Saturday at the
heart of the capital as its Newar community went on the rampage,
protesting the secular budget unveiled Friday that slashed
allocations for religious festivals.
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US
Hopes Manmohan Singh will Push N-deal
Over the Finish Line by Arun Kumar
The United States has
expressed the hope that its civil nuclear deal with India would be
approved next week when Prime Minister Manmohan Singh comes to meet
President George Bush. Bush has invited Manmohan Singh to the White
House September 25 to toast the historic accord to end 30 years of
India's nuclear isolation visualized by the two leaders in a joint
statement on July 18, 2005 during the Indian premier's last visit to
the US. Read On
US
Launches Major Rescue Package
for Financial Sector
The US Friday unveiled part
of a massive, comprehensive plan to help resolve the US financial
crisis and prevent a rush of new bank failures in the coming weeks.
The US Treasury announced a $50 billion guarantee programme for the
money-market mutual fund industry, the first in a series of moves
that could come Friday after overnight talks with congressional
leaders. The entire rescue package could cost as much as $500
billion. Read On
► Bush Promises 'Unprecedented' Action
on Financial Crisis
US
Needs Help From Abroad
to Resolve Finance Crisis: Obama
US Democratic presidential nominee Barack Obama Friday called for
the involvement of industrialized and emerging economies around the
world in helping to resolve the US finance crisis that threatens
economic collapse at home and abroad. Any plan the US government
puts forward "should be part of a globally coordinated effort with
our partners in the G-20," Obama told reporters in Florida.
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