Showing posts with label group. Show all posts
Showing posts with label group. Show all posts

Wednesday, June 22, 2011

Militants raid anti-Taliban group

20 June 2011 Last updated at 09:23 GMT Map of Pakistan Dozens of militants have attacked the homes of two prominent anti-Taliban tribal elders close to the Afghan border, officials say.

At least four were killed and four others, including one of the elders, injured in the tribal area of Mohmand.

Meanwhile, two US drone strikes killed at least six suspected militants in Kurram agency, further along the volatile border, officials say.

Analysts say militants fleeing army offensives have a presence in the area.

The tribal district of Kurram is an area rarely targeted by drone missiles, with some officials saying this is only the third such attack in the region. Other stretches of the border, notably the militant stronghold of Waziristan, have been targeted on scores of occasions in recent years.

Elders attacked

The raid on the homes of anti-Taliban elders happened in the Ziarat Masood village of Mohmand district, another area where the Taliban have been attempting to establish themselves.

A group of militants stormed the village and attacked the houses of Malik Ghazi Khan and Malikh Ghulab Khan, members of a local peace committee, which oppose the Taliban, a local official told the AFP news agency.

There have been frequent military operations in the area in an effort to combat the insurgents infiltrating the district. Establishing "peace committees", tribal groups opposed to insurgents, is a key part of the security strategy, correspondents say.

The attack comes just one day after Pakistani war planes bombed a militant stronghold in the region and also launched ground attacks against insurgents there.

Four soldiers and 20 militants were killed in the clashes, officials say, adding that Sunday's assault was a response to the latest attack by the Taliban on checkpoints in north-western Pakistan. A Taliban spokesman said 19 security personnel had been killed.

Cross-border incursions

In recent weeks there have been a number of cross-border militant attacks in the north-west. Pakistan has lodged official protests with Afghanistan over the incursions.

Afghanistan and Nato have long complained that Pakistan could do more to curb militant raids launched from its soil.

Last week more than 200 militants, armed with mortars, rockets and machine guns, stormed a Pakistani village in Bajaur tribal region, wounding at least two women.

A similar attack earlier this month in Pakistan's Upper Dir area led to a prolonged clash and left at least 25 Pakistani troops dead.

Securing the long, porous border that divides Pakistan and Afghanistan has been a major challenge for the two countries as they try to battle insurgents, correspondents say.

Many of the various militant groups along the frontier are closely linked.


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Tuesday, June 21, 2011

Tata is India's wealthiest group

20 June 2011 Last updated at 16:51 GMT Ratan Tata speaks to the press during the first media day of the 79th Geneva car show Ratan Tata took charge of the Tata group in 1991 and is scheduled to retire in December 2012 India's Tata Group has become the country's wealthiest, with a market value higher than the combined wealth of the two Reliance conglomerates.

The combined value of the Reliance groups, led by feuding brothers Mukesh and Anil Ambani, is $81.6bn.

The Tata group, led by Ratan Tata, is worth $98.7bn (?60.9bn), according to the company.

The change is partly the result of the strengthening share prices of the almost 30 listed Tata companies.

These firms are in a range of industries from energy to chemicals.

But it is also due to the fall in the market value of the Ambani brothers' firms over the past year.

The Reliance group of companies has faced challenging times as a company riven by family feuds and disputes.

Run by Mukesh Ambani's brother Anil, the telecoms company has faced a slump in its share prices as a result of a high profile scandal involving licences for second generation phones.

Tata's elevation to India's most valuable quoted company indicates a marked reversal from a year ago in the fortunes of the Tata and Reliance groups, the BBC's Nidhi Dutt in Mumbai (Bombay) says.

Despite having many more companies listed on the Indian stock exchange in 2010, Tata ranked behind Mukesh Ambani's Reliance Industries, which held the top slot. Reliance has interests in the petrochemical and energy sectors, but only two listed firms.

But one year on, Tata is now not only worth more than Reliance Industries, but both it and Reliance Communications combined.


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