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Headlines Now
NATIONAL
8.2 pc hike in Indian IT services end user spending
New Delhi: Mozambique has invited Indian investment in small industries, technology, agri-business, commercial farming, mining, oil and gas, infrastructure, tourism, and construction sectors.

Kuwait Airways asked to pay for deficient service
New Delhi: Kuwait Airways has been ordered by a consumer court in New Delhi to pay Rs 54,700 to a 78-year-old woman suffering from heart ailment for putting her through a gruelling ordeal at New York airport after the flight, which brought her there, arrived late for its connecting flight to New Delhi.

3 associates of Harshad Mehta get 2 years RI
Mumbai: A special court on May 13 awarded two years' rigorous imprisonment (RI) to three bankers, who connived with big bull Harshad Mehta to cheat a nationalised bank of Rs 20 lakh by over charging rate of interest in call money transactions in 1991.

Free calls enhanced as part of partial rollback
New Delhi: State-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) on May 13 announced a partial rollback in telephone tariffs by increasing the number of free calls per month.

INTERNATIONAL
India, Iran agree on 25 yr term gas investment
Tehran: India on May 13 agreed in principle to buy five million metric tonnes of liquid natural gas (LNG) annually for a period of 25 years, during which Iran will offer discovered and semi-discovered gas fields for Indian investment.

'Bina refinery work to start despite Oman's pull out'
Tehran: Despite the withdrawal by joint venture partner Oman Oil Company, work on the proposed Rs 6,354 crore Bina Oil Refinery in Madhya Pradesh will start later this month with Indian promoter Bharat Petroleum Corporation Limited (BPCL) picking up a higher stake, Petroleum Minister Ram Naik said on May 13.