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Investment through PNs rising again
The notional value of investments in the domestic stock market through participatory notes (PNs), the off-shore derivatives issued by foreign institutional investors (FIIs), rose from 15.5 per cent in August to 16.4 per cent and 16.5 per cent in September and October, respectively.

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FDI jumps 60% to $1.74 bn in Nov
Foreign direct investment in the country surged by 60 per cent to $1.74 billion (around Rs 8,000 crore) in November, an official said today.

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ONGC, partners to invest $10 bn in Iran
Oil and Natural Gas Corp (ONGC) and its partners will invest about $10 billion in two giant gas fields and an LNG project in Iran, Iranian Deputy Oil Minister Seifollah Jashnsaz said.
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Air Arabia offers low fares from Indian destinations

Middle East-based air-carrier, Air Arabia, today announced special low fares from 13 destinations across India to its hub Sharjah and 46 stations, which the airline caters to globally. - DGCA sets up permanent panel to update aviation rules - Mid-air scuffle: AI suspends pilot, purser; forms probe panel - MEC appoints Enam Securities as its investment banker - Air India official carrier for Commonwealth Games - FIPB to consider Jet"s foreign fund raising plans - Jet may lease out two Boeing 777 aircraft The special fares come with the additional benefit of free baggage allowance of up to 20 kg and a hand baggage allowance of 7 kg. The special low fares, inclusive of all surcharges but excluding airport tax and fees, are applicable for travel upto March 31, 2010, a company press release said here. We are pleased to unveil the lowest fares for our customers in the region, Air Arabia"s Head of Commercial Department, A K Nizar, said in the release. With 46 destinations across the Middle-East, North Africa, Indian Subcontinent and Eastern Europe, Air Arabia passengers can choose from a range of compelling fares as well as holiday packages through Air Arabia Holidays, Nizar said. The low-cost airliner flies directly from its hub in Sharjah to Bangalore, Ahmedabad, Chennai, Jaipur, Kochi, Mumbai, Nagpur, Coimbatore, Thiruvanathapuram, Hyderabad, Kozhikode, Delhi and Goa.


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