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Home -> Finance -> News

NATIONAL
India, Iran to sign $25-billion LNG deal tomorrow
India is likely to sign tomorrow (Jun 13, 2005) a $25-billion deal with Iran for import of Liquefied Natural Gas (LNG) beginning 2009-10 for meeting its growing energy requirements.

Iran, India to consider extending gasline to China
Iran has agreed to explore possibilities of extending the 2600-km Iran-Pakistan-India pipeline to China, Petroleum Minister Mani Shankar Aiyar said.

Sushma Chawla - first woman to head Indian Airlines
Sushma Chawla, deputy managing director, Indian Airlines, today (Jun 12, 2005) took charge as the acting chairman and managing director of the company, becoming the first woman ever to hold the top position.

FIIs net purchases in equities at Rs 783.1 crore
Foreign Institutional Investors (FIIs) recorded net purchases of Rs 783.1 crore ($180.1 million) in equities for the trading week ended June 10 while mutual funds (MFs) were net purchasers at Rs 58.39 crore.

Agencies screening internal papers of Infocomm
Security agencies are scrutinising purported internal communication between top officials of the country's biggest telecom operator, Reliance Infocomm (RIC) to check whether national security was impacted in re-routing of international calls as local ones by the company.

INTERNATIONAL
Iran likely to award gas block to IOC-Petropars
Iran is likely to award a gas block in South Pars field to Indian Oil Corporation-Petropars consortium for the three billion dollar LNG project of the state-owned company which plans to use French or German technology.

Aviva expects Indian arm to contribute 10% of revenues
World's leading insurer Aviva Plc eyes India as the fastest growing market for its insurance business and expects the Indian arm to contribute 10 per cent of global revenues within the next 10 years.