TEHRAN – India is likely to discuss with the U.S. its concerns over the impact of U.S. sanctions on deals with both Russia and Iran, an Indian official has said, the Hindustan Times reported. According to Indian officials familiar with the plans, India and the U.S. are slated to hold the first two-plus-two dialogue — […]

TEHRAN – India is mulling over using Euro as well as the rupee to continue trade with Iran during the new rounds of the U.S. sanctions on Tehran. According to Telegraph India, the country’s UCO Bank will be undertaking the rupee trade with Iran as it used to do during the earlier round of sanctions. […]

 Indian state refiner Bharat Petroleum Corp has reportedly requested an extra one million barrels of oil from the National Iranian Oil Company (NIOC) for June. Reuters cited one of the two industry sources as saying that “at this point of time Iranian crude is attractive … it is faring better than spot cargoes and other […]

 Iran’s Foreign Ministry Spokesman said Fri. that FM Zarif’s visit to India was ‘unscheduled’, aimed at holding talks with Indian officials after US pullout from Iran nuclear deal. Bahram Ghasemi made the remarks in response to head of Iran-India Joint Chamber of Commerce who said that no business person from the private sector had accompanied […]

India only abides by sanctions imposed by the United Nations and not those imposed by any other country, such as ones announced by the United States against Iran, India’s foreign minister said on Monday. U.S. President Donald Trump this month withdrew the United States from the Iran nuclear deal and ordered the reimposition of U.S. […]

Eight people were killed and many injured as a deadly storm with winds up to 104km per hour hit India’s eastern state West Bengal in the past 24 hours, official sources confirmed on Wednesday. The storm hit the state capital Kolkata and its adjoining areas, Xinhua news agency reported. A large number of trees and […]

According to the informed sources, Indian state refineries are planning to double oil imports from the Islamic Republic of Iran in 2018. “Iran is pushing to retain its oil customer in Asia, offering better terms and conditions than other Middle Eastern suppliers including Saudi Arabia, even as the threat looms of potential further US sanctions […]

A top Indian diplomat at Tehran embassy unveiled plans for the expansion of trade and banking ties with Iran using the national currencies of the two sides instead of US dollar, saying six Iranian banks have been authorized to make investment in India. Speaking at a press conference at India’s embassy in Tehran on Thursday, […]

A senior Iranian parliamentary delegation headed by MP Nazar Afzali left Tehran on Sunday for Indian capital city of New Delhi. In a bid to develop relations with Delhi, a senior delegation of Iranian MPs of the Iranian-Indian Parliamentary Friendship Group headed by Nazar Afzali left Tehran on Sunday for Indian capital city of New […]

During the talks with Iran’s president, India’s Prime Minister announced that an Iranian private bank would be licensed to open a branch in India. Majid Ghasemi, the managing director of Bank Pasargad was a member of Iranian delegation who were accompanying the Iranian president in the meeting with Narendra Modi in New Delhi a couple […]