Business, Finance & Stock Market updates for May 17, 2008

India, Afghanistan sign MoU on local governance
Union Minister for Panchayati Raj Mani Shankar Aiyar reached Kabul on Saturday on a three-day visit, and a Memorandum of Understanding (MoU) on Local Governance was signed between the two countries. ANI

Eros and Jaman announce international licensing partnership
Eros International, the leading global studio of Indian filmed entertainment and Jaman.com, the premier online destination for international and independent films, announced a multi-year international partnership. ANI

Turkish Petroleum Company plans exploration work in the Mediterranean
The Turkish Petroleum Corporation (TPAO) which produces most of Turkeys crude oil output and operates more than 45 oilfields has recently announced that it will expand its exploration in the eastern Mediterranean Sea to include deepwater areas west of the island of Cyprus. ANI

ATP Insider, Your New Personal Guide to the Exciting World of Tennis
Business Wire India

Brean Murray, Carret & Co. to Hold All-Cap All-China Conference May 19th & 20th at New York City Waldorf-Astoria
Business Wire India

3M and Sony Sign License Agreement for Optical Film Technology
Business Wire India

FDA Grants Approval to Begin Landmark Cardiac Resynchronization Therapy Study, EchoCRT
Business Wire India

Eros and Jaman Announce International Licensing Partnership to Bring Blockbuster Bollywood Movies to the Internet
Business Wire India