India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian Oil Ministry official said Thursday.
News ID: 3519 Publish Date : 2019/02/02
A senior official at Chabahar Free Trade Zone (FTZ) Organization announced on Thursday that foreign banks face no restriction for inaugurating their branches in Chabahar in Southeastern Iran.
News ID: 3508 Publish Date : 2019/01/31
Iran and India launched a shipping lane that connects India’s Mumbai to the Iranian southern port cities of Chabahar and Bandar Abbas.
News ID: 3465 Publish Date : 2019/01/29
The first export cargo from Afghanistan to India will be shipped through Iran's Chabahar Port within the next month using the international customs transit system (TIR system).
News ID: 3464 Publish Date : 2019/01/29
ALUCAST 2018 – the biennial International Conference and Exhibition on Die Casting Technology – concluded its proceedings on 8th December, 2018.
News ID: 3392 Publish Date : 2019/01/24
The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.
News ID: 3325 Publish Date : 2019/01/19
The supply shortage of domestic steel scrap in India will expand by 33pc in the four years to the April 2021-March 2022 financial year, which may lead to more imports of the commodity.
News ID: 3222 Publish Date : 2019/01/10
Iranian Foreign Minister Mohammad Javad Zarif voiced his country's satisfaction over India's investment in Iran's petrochemical industry.
News ID: 3214 Publish Date : 2019/01/09
Iranian Foreign Minister Mohammad Javad Zarif will head a large economic delegation to India and Iraq in the coming weeks to further bolster economic and commercial ties between Tehran and its major trade partners.
News ID: 3152 Publish Date : 2019/01/04
Managing Director of Ports and Maritime Organization of Iran Mohammad Rastad, in a Tuesday meeting with Indian Ambassador to Tehran Saurabh Kumar, urged New Delhi to speed up operations to increase the number of companies in Chabahar port.
News ID: 3136 Publish Date : 2019/01/02
India's Finance Ministry exempted rupee payments made to the National Iranian Oil Company (NIOC) for crude imports from hefty taxes.
News ID: 3127 Publish Date : 2019/01/01
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and India’s Ambassador Saurabh Kumar, in a farewell meeting at the end of the envoy’s mission in Tehran, discussed banking relations between the two countries, and announced that the rupee payment mechanism between the 2 countries will become operational in coming days.
News ID: 3126 Publish Date : 2019/01/01
India's LPG demand, driven largely by a state-sponsored subsidy programme, has finally reversed course after 62 months of continuous year-on-year growth, raising concerns about it maintaining its near double-digit growth rate. Consumption growth will slow further in 2019 because of issues over affordability.
News ID: 3121 Publish Date : 2018/12/31
Iran, India, and Afghanistan held on Monday their first joint committee on following up the agreements reached between the trio states on finalizing protocols for transit, roads, customs and consular matters of Iran’s Southeastern port of Chabahar.
News ID: 3064 Publish Date : 2018/12/24
India’s Ambassador to Tehran Saurabh Kumar announced on Saturday that New Delhi will continue purchasing oil from Iran, thanks to the mutually agreed settlement mechanism based on Indian national currency of rupee.
News ID: 3031 Publish Date : 2018/12/22
India will deposit payments for crude oil imported from Iran into escrow accounts of five of its banks held with state-run UCO Bank Ltd. after the two nations agreed on a payment mechanism to overcome US sanctions.
News ID: 3003 Publish Date : 2018/12/20
SteelMint learned from market participants that Indian imported scrap market observed increased inquiries on strengthening of Rupee against USD
News ID: 2773 Publish Date : 2018/12/01
Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of US sanctions on Tehran that took effect in early November, government and ship-tracking data showed.
News ID: 2763 Publish Date : 2018/12/01
State-owned Indian Oil Corp will start producing 0.5% sulfur compliant fuel oil in September 2019, months ahead of the International Maritime Organization's global sulfur limit rule for marine fuels, but will keep its options open to produce marine gasoil, IOC company officials said late Friday.
News ID: 2660 Publish Date : 2018/11/19
The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India Ltd, the Economic Times reports, citing unnamed sources and noting that the stake sale is part of an ongoing divestment program.
News ID: 2644 Publish Date : 2018/11/18
