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Gujarat auto industry gets a boost with arrival of Nano

TATA NanoRajkot, Oct 24 : Tata motors'' decision to make low cost Nano car in Gujarat has kindled hopes of a lucrative business among the auto-parts making small-scale industrial units in Rajkot.

Rajkot has established itself as a hub for the auto parts ancillary units and, supplies auto parts to automobile manufacturers including Tata, Mitsubishi and Mahindra and Mahindra.

Ukraine stock market shut down again in bid to halt freefall

UkrainKiev- Ukraine's government on Friday shut down the country's largest stock market in another attempt to halt share-price freefall.

Managers of Ukraine's largest PFTS stock exchange froze all transactions less than two hours after opening.

Share values had fallen between 10 and 19 per cent over Friday morning in heavy trading.

Since the beginning of October, PFTS officials had repeatedly closed the exchange in the middle of a trading day, three times during last week alone.

Hezbollah denies Nasrallah poisoning rumours

Hezbollah Beirut  - The Lebanese Shiite militant movement Hezbollah denied on Friday rumors that its leader Hassan Nasrallah had been poisoned.

"It's a fabricated story - only rumors," Galeb Abu Zainab, a member of Hezbollah's political bureau was quoted as saying.

On Wednesday, the Iraqi website Almalaf reported that Sheikh Hassan Nasrallah had been poisoned last week and that Iranian doctors had been rushed to Lebanon to save his life.

It cited undisclosed sources as saying Israel was responsible for the assassination attempt.

Thai, Cambodian armies agree to ease border tensions

thailandBangkok- Army officers representing Thailand and Cambodia on Friday agreed to ease border tensions around the 11th century Preah Vihear temple, the site of a clash that claimed three lives earlier this month, state news reports said.

The tentative agreement between the two militaries was reached at the Thai-Cambodian Regional Border Committee (RBC) meeting held in the Cambodian northwestern province of Siem Reap, reported the Thai News Agency (TNA).

Some 400 Iraqi Christians flee to Syria

Iraq MapBaghdad - After a series of atrocities against Iraqi Christians in Mosul, around 400 Christians arrived in Syria to escape the harsh conditions of home, according to a statement by a Syrian refugee assistance organization Friday.

In the last few days, some 20 Christian families arrived in the city of Qamhley, which is close to the Syrian-Iraqi border, said Lauren Gul, a representative of the refugee assistance group.

Many industrial nations heading for recession, OECD says

OECDParis  - It will take some time to recover from the current economic slowdown, and many industrial nations will eventually plunge into recession, chief OECD economist Klaus Schmidt-Hebbel said in an interview made public on Friday.

"Our base scenario is built on the premise that the current freeze in short-term financial markets will be resolved in a relatively short time span, but that bank deleveraging and recapitalisation, as well as re-building of trust in the markets, will take much more time," Schmidt-Hebbel said.

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