India open to all options on oil import from Iran New Delhi: The government on Wednesday said it will explore all options to increase import of crude oil from Iran. Without violating the UN sanctions to the extent that we can push oil import from Iran,that is being explored by the oil ministry, economic affairs secretary Arvind Mayaram said here. Advertising norms for life insurers tightened New Delhi: Insurance regulator Irda has tightened advertising norms for life insurers asking them not to offer any awards or reward points as inducement to lure customers.The regulator has said a review of the advertisements,especially Internet advertisements,revealed the necessity to improve the compliance. Strike call: CIL unions to meet next week New Delhi: The five trade unions of Coal India will meet again next week to take a final view on whether to go on three-day strike beginning September 23. The development comes in the wake of the meeting of the unions with CIL remaining inconclusive on Wednesday. FIPB to consider Axis Bank,HCL proposals New Delhi: The proposals of Axis Bank and HCL Technologies to raise foreign shareholding limit will be taken up for consideration by the Foreign Investment Promotion Board next week. Spectrum auction must happen soon New Delhi: Telecom minister Kapil Sibal on Wednesday said DoT needs to quickly decide on Trai recommendations on spectrum reserve price for conducting auctions at the earliest as the government needs to generate revenue. Essar Power raises R1K cr through bonds Mumbai: As part of its plan to lower the debt service burden by replacing short-term debt with long-term borrowing,Essar Power has raised Rs 1,000 crore through an 11-year domestic bond sale. The company is offering a coupon of 12.5 per cent on the bonds,which will be listed on the BSE. JSPL inks power plant MoU with Liberia Raipur: The Jindal Steel and Power Limited (JSPL) is set to invest in a major power plant in Africa. Liberias President and Nobel peace prize winner Ellen Johnson Sirleaf visited JSPLs Raigarh plant in Chhattisgarh Tuesday,where the company signed an MoU with the Liberian Government to set up a 350-MW power plant.
