India-Africa oil summit opens today.

Participants from 22 African countries are likely to attend the second India-Africa Hydrocarbons Conference, scheduled to be held here tomorrow and the day after. The objective is to bring together ministers in-charge of oil and gas, top government officers and captains of the industry for exploring partnership opportunities. - ONGC inks pact for sourcing LNG from Iran - ONGC, partners to invest over Rs 46,000 cr in Iran - ONGC, partners to invest $10 bn in Iran - ONGC picks up stake in South Pars field; to develop Farsi bloc - Iran offers 40% in South Pars gas field to OVL, Hindujas - India-Myanmar gas pipleline may take shape in 2-3 yrs An agreement between India and Sudan for cooperation in oil and gas will be among several others to be signed during the conference. Seven African ministerial delegations are likely to attend the conference, with whom Indian officials will also have bilateral meeting. How do i repair outlook express folders

PE companies resort to salary freeze as investments tank.

As many as six out of every 10 private equity companies have either frozen salaries of employees or are mulling to do so in near future as investments take a hit amid lower returns, says a study. - Bailouts for British banks hit 850 bn pounds - "Barclays investment bankers to get 150% hike" - AIG approves $7 mn pay package for CEO - Air India pilots defer strike by six days - Pandit will continue with $1 salary - EPFO proposes salary cap rise to Rs 10,000 With the declining returns from private equity investments, about 38 per cent of PE firms have already implemented a salary freeze and a further 22 per cent of the firms are considering a freeze, according to Preqin survey. "The large proportion of PE firms implementing base salary freezes or cutting base salaries is reflective of the performance of private equity funds over the last year," said Sam Meakin, the managing editor of the survey.

PM announces Rs 1,000cr assistance to Karnataka.

Prime Minister Manmohan Singh today announced Rs 1,000 crore assistance to Karnataka to take up flood relief works after undertaking an aerial survey of the rain-ravaged areas in northern districts. The Prime Minister, who flew over the rain battered villages along with Chief Minister B S Yeddyurappa, made the announcement at a press conference here.

IT SMEs for greater share in e-governance projects.

The IT SMEs (small and medium enterprises) in Orissa have urged the state IT department to come out with a new ICT (information and communication technologies) policy which would enable these units to have a greater share in the implementation of the e-governance projects in the state. - UP launches IT education under PPP mode - Satyam agrees to settle case with Upaid for $70 million - Paa proves a triumph for the Bachchans - Gammon Infra to acquire Spanish partner"s stake in JV - Nilanjana S Roy: From Dune to Cyberabad">Nilanjana S Roy: From Dune to Cyberabad - Shobhana Subramanian: Low-cost, rich content key for Bollywood">Shobhana Subramanian: Low-cost, rich content key for Bollywood Presently, the share of the large IT units in the implementation of the e-governance projects in Orissa is more than ten times that of the SMEs, said Subhadarshi Mishra, secretary, Confederation of Information Technology Enterprises (CITE).