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BSNL says Nokia Siemens did not meet tender requirement
State-owned BSNL today justified the disqualification of Nokia Siemens Networks (NSN) from the mega 93-million GSM line expansion, saying the Finnish company did not provide specification with regard to subscriber information (known as Home Location Register) as per the PSU’s requirement. http://smallpersonalloans.org.uk

Ajit Ranade: The Coming Capital Famine
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Sovereign guarantee to NHAI on per case basis
Providing a sovereign guarantee to the National Highways Authority of India’s (NHAI’s) borrowings will be decided on a case-to-case basis by the finance ministry.
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Iran says it's importing petrol from RIL

Iran is importing petrol from Indian companies, including Reliance Industries (RIL), National Iranian Oil Company (NIOC) Managing Director Seifollah Jashnsaz said today. - India proposes to invest $6.5 bn in Iran gas fields - Indian women have a bigger share of the corner office - Exports decline, but in single-digits - Fuel retailers for freeing petrol, diesel prices - Reliance, Essar, Shell for freeing petrol, diesel prices - Money floods into wastewater treatment "Without specifying any particular company, I can say we import gasoline (petrol) and gas oil (diesel) from India," he told reporters here. Asked if RIL was one of the suppliers, he said, "The answer is positive." The NIOC official is scheduled to travel to Mumbai tomorrow and may meet RIL executives. RIL"s 1.24 million barrels per day Jamnagar refining complex in Gujarat exported 6.08 million tonnes of petrol and diesel in July-September quarter, up from 4.5 million tonnes in the previous quarter and 3.76 million tonnes a year ago. He said at the moment Iran was not importing diesel but in 2009 it had done so and would do as when the need arises. RIL"s petrol shipments to the Middle East region rose about 34 per cent to 8,23,900 tonnes in July-September quarter. Industry watchers say the company may not be exporting the fuel directly to Iran as US pressures refiners worldover to limit gasoline exports to put pressure on Tehran for its disputed nuclear programme.


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