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ONGC picks up stake in South Pars field; to develop Farsi bloc
In a major breakthrough, Oil and Natural Gas Corporation (ONGC) today signed agreements to pick up stake in a giant gas field and an LNG plant in Iran, which also awarded the rights to develop a gas discovery it made in the Persian Gulf two years ago.

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Cement despatch growth remains robust
The 224-million-tonne cement industry is yet again set to strike a growth of 10 per cent in June. If the initial numbers from the top cement makers are anything to go by, industry analysts said, the continuous robust growth will be maintained.

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Asian markets end in the red
The Asian markets had a weak closing, across the board.
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NEWSALERT: 'Major revamp in Air India's top management'

Major revamp in Air India"s top management in next 30 days, says Civil Aviation Minister Praful Patel. Some heads are going to roll, he said. Oil rises on bullish US manufacturing data Rupee gains 14 paise at 46.23/$ in early trade Asian markets erase partial gains Banks not ready to withdraw prepayment penalty on foreclosure Details Awaited


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