India’s Finance Ministry has announced that there is no objection to allowing the Iranian private lender Bank Pasargad to open its branch in Mumbai and the Iranian bank’s proposal has been approved. According to Indian Express, in the wake of US sanctions, India may explore the possibility of reviving the rupee-rial arrangement to oil-related transactions […]

TEHRAN – Oscar-nominated Iranian director Majid Majidi who has made his latest movie “Beyond the Clouds” in India has said that it was very risky for him to make the movie in the country. “I had proposals from several Indian producers to make a film in their country, but I viewed them as highly risky […]

 India Foreign Minister Sushma Swaraj highlighted that her country doesn’t accept unilateral sanctions against Iran. She made the remarks in a Sunday meeting at Tabriz International Airport with East Azarbaijan’s provincial governor Majid Khodabakhsh. Indian officials came from their European tour and had a short stay in Tabriz for refueling the plane. Touching upon her […]

TEHRAN- India’s imports of oil from Iran increased to about 705,000 barrels per day (bpd) in May, which is the highest level since 2016, Reuters reported citing the data from shipping and industry sources. The rise in oil imports came as refiners raised purchases despite the U.S. sanctions against Tehran, the report said. Imports of […]

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 […]